Archive for December, 2009

  • Not Anybody And Everybody Can Become A Caterer!>
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    Not Anybody And Everybody Can Become A Caterer!
    These days you get to see a lot of dabblers in the hospitality industry. Take the food and restaurant business for example, you get to see a lot of people without prior knowledge knack or aptitude in the relevant field, starting a fast food joint or a catering business. It’s surprising to note that a lot of corporate houses have also started trying out their luck in the food and hospitality business and its not that many people are appreciating their ability to satisfy customers. Their service is poor and during the recent recession, their menus were absolutely hopeless! But customers on the other hand are understandably dependent on the services of the caterers at times, especially during holidays and festivals, when they can’t take the additional burden of preparing food on a large scale  [...]
    at December 13th, 2009 at 11:12 pm
  • You Want A House Because Of These 5 Myths>
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    You Want A House Because Of These 5 Myths
    I have never seen people as stalwartly bigheaded as we Americans. We want to be proud of buying and living in our own home even if we are walking through the shards of the biggest housing disintegration of the century. Oh, and why not. We are backed by our government with the remarkable tax credit that will probably keep extending till 2012, if the world doesn’t end then that is. Having a home means having a secured place with money invested in to buy it. For this investment we search for the best deal, a place with best views and comforts at a reasonable price. Even if the price is high, we have banks that provide mortgage at a very low down payment. And we can easily avail one. His recession seems to be a blessing in disguise for all of us homebuyers. However, before you sprint and clutch  [...]
    at December 11th, 2009 at 01:12 am
  • An Expensive Excuse Known As House Tax Credit>
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    An Expensive Excuse Known As House Tax Credit
    We all believe that the politicians and the congress are really doing something about the economic crises because we hear something about it everyday on the TV news. However, their futile suggestions and ineffective ideas are helping to spawn new ways to splurge more funds than they actually have that wouldn’t help the non-worthy population. We are not anywhere close to declare that the US is now out of the hazardous effects of the bubble that exploded few months ago. And look at what the government is trying to produce: Even bigger bubble. Ok. You love Obama very much and you want to know why I am mauling the innovative ideas of the Fed. Let’s start with the foolishness of providing tax credit to first time home buyers. Firstly, it wasn’t required and you will know why before I conclude  [...]
    at December 10th, 2009 at 01:12 am
  • The White Pride – Unemployment Rate in US>
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    The White Pride – Unemployment Rate in US
    I am a regular explorer of latest statistics about anything and everything related to finance and economy in US. I am not surprised, as I was many years ago, to find out that the group of people most affected economically is black people. A couple of years ago, when we didn’t know what financial crises is, the unemployment percentage of overall American population was 6%. And as I expected, the percentage of unemployment among black people was 11%. And if I talk about youths i.e. below the age of 25, it was over 25%. Astounding, isn’t it? As I mentioned, this depressing statistics were found two years ago by me. In today’s crisis situation, it is worse. Worse than what I expected it to be. The current unemployment rate of your nation is 10.2%. But for black people, it’s 30.5%. Sounds  [...]
    at December 9th, 2009 at 01:12 am
  • What Happens To The Money Spent On Movie Ticket?>
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    What Happens To The Money Spent On Movie Ticket?
    It’s a fad. It’s a source of entertainment. It’s fake. It’s fun. That’s how we think about Hollywood movies. The fact is it’s a big business. We have seen experts talking about economy, stock market, mortgages, credit cards, debts, etc. Let us discuss today about some interesting topic. What happens when you spend a dollar on movie tickets? Of course, it’s a loss for you and you have a dollar less than what you had. But where does this dollar go? Who are the owners of this dollar? Enough questioning; let me come to the point. Let us consider a movie ticket costs around $10 per person and let’s say in theater XYZ. Out of this $10, 45% or $4.5 goes straight to theater XYZ, which than spends this $4.5 to pay its staff, bills, maintenance, etc. What about the remaining 55%? Oh,  [...]
    at December 8th, 2009 at 01:12 am
  • 4 Ways To Earn From The Losing Value Of Dollar>
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    4 Ways To Earn From The Losing Value Of Dollar
    One morning last week when I was at home surfing some TV channels, I found CNN so I thought of just listening to some ‘bad economy’ news to learn how bad it was then. I really don’t understand much of what they say but they were discussing about the falling value of dollar. Interesting, it thought. I went into the kitchen, got some coffee and placed myself on the sofa. They started with a discussion of our government’s incapability to handle the recession and its unenthusiastic approach to limit the spending. Bush didn’t do much to control the overall spending nor is Obama able to correct the market situation. I agreed with the old guy on the show. Now I was more interested in the discussion because you know, you feel good when someone is smacking the politicians. However, they further  [...]
    at December 7th, 2009 at 01:12 am
  • Have You Heard About Something Called ‘IRA?’>
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    Have You Heard About Something Called ‘IRA?’
    This century of information overload definitely cannot be blamed for the unawareness among mass about imperative fields. Many people especially youths of our nation seems to be quite ignorant about finance related facts and issues. Why should they? They are just out of college with those gigantic glasses and torn jeans, nothing to do with something called ‘Economy’ or ‘Gross National Product.’ And seriously I don’t expect them to talk about these things so soon in life. However, finance is not about just GDP and economy. It involves something that is very much personal and essential stuff called ‘Personal Finance.’ Though it involves many significant categories like debts, savings, investments, etc., there is something that youths are totally unaware about. It’s called IRA.  [...]
    at December 6th, 2009 at 11:12 pm
  • Stocks, Bonds or Mutual Funds-which Is Your Best Investment Option?>
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    Stocks, Bonds or Mutual Funds-which Is Your Best Investment Option?
    The present economically lean times do not show a very green future as far as your monetary security after retirement is concerned. According to a recent survey by Employee Benefit Research Institute only 13 percent of employed people seem to be confident of their financial future post retirement. So do you fall in the category of these lucky people? If not, you’ve got to think of revamping your portfolio so that you meet the challenges of the new economy which is emerging with its new set of methods, policies, business opportunities and success formulae. One of the prime steps that you’ve got to take is making the right investment choice. You’ve got to think if you’d want to invest in stocks, bonds or something new. Many make the mistake of thinking that investing wisely means distributing  [...]
    at December 4th, 2009 at 01:12 am
  • Is It Time For A Makeover For Your Financial Portfolio?>
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    Is It Time For A Makeover For Your Financial Portfolio?
    In a few days from now, 2009 will be relegated to history and along with it the recession and what you have suffered during that will be an event of the past. Of course, now the country is recuperating from the financial epidemic and you can look back into how much you have earned or saved during the past one year. There are entrepreneurs who were very badly affected by the recession, while there are some who survived it validating the appropriateness of the Darwinian theory of survival, not only in natural phenomenon, but also in man-made crises. In the present times, if you were to invest in stocks in an S & P 500 index fund you would be gaining by 20 percent on the whole for this year; and especially by 70 percent from the month of March when the economy crashed totally. The government  [...]
    at December 3rd, 2009 at 12:12 pm
  • What After You Get A Pink Slip?>
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    What After You Get A Pink Slip?
    It’s quite depressing to lose a high paying job and unexpectedly become unemployed. Research says that a significant number of people are under the effect of depression for over a month after losing a permanent job. It’s pretty obvious. You lose your job so you don’t feel like talking to your spouse, you kids, your friends, or anyone else. You want to be alone till you recover from the shock. I apologize for the bluntness, but how is this depression helping you to pay your bills? Every second of this self-pity will lead to an hour of depression. So, don’t even let the thought of self-pity enter your mind and make you feel worse than the actual situation. The best and the most practical step after you lose your job is to find a new one, which is better than your previous one. Who says  [...]
    at December 3rd, 2009 at 01:12 am
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