Archive for the ‘Economy’

  • First it was spending, now savings is ruining the economy>
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    First it was spending, now savings is ruining the economy
    A couple of days ago, while watching CNN Money, a reporter said, “Saving money, paying off your debt, and cutting down your expense is a great idea to manage your personal finance. If, however, every American starts doing this, it would worsen the economy.” Though it might have made some sense to them, this sentence is utter crap. No, I think it makes a bit of sense, but they are missing the main part. After doing endless research, I realized few factors are affecting the growth of our economy. We are facing such a crisis due to similar reasons. But how could savings be a problem. It was spending, actually overspending, that led us into this crisis situation. Though spending boosts the economy, we were wasting too much of borrowed money. I still remember a the economic situation of the  [...]
    at April 1st, 2010 at 02:04 am
  • Top 5 Blunders By New Home Buyers>
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    Top 5 Blunders By New Home Buyers
    Since 20 years, you have been switching from one city to other and finding places on rent with facilities of your choices. Today, you have earned a modest amount and want to buy a satisfying new home for yourself. You have been waiting for this day since many years. Finally the time has arrived to buy your first house and you are checking local newspapers, and visiting places to buy a new house. Excited? Very Good. You must be. But this excitement causes most hazardous mistakes that are generally overlooked by new home buyers. Below are few blunders generally made by buyers transforming from renters to owners. Deciding based on worthless perquisites If you are a buying a new house for the first time, the top three homes that you liked got to have a swimming pool. Isn’t it? And why not?  [...]
    at December 1st, 2009 at 01:12 am
  • Is The Dollar Depreciation Due To Bad Looks?>
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    Is The Dollar Depreciation Due To Bad Looks?
    I never knew that currency, these days, may be valued or devalued for its looks! Till dollar architect Richard Smith came with this novel idea of giving the dollar a makeover, I never knew that the look of the dollar was a significantly plausible reason for its lowering worth in the present times. This is what Richard Smith has to say “our great ‘rival’, the Euro, looks so spanky in comparison it seems the only clear way to revive this global recession is to rebrand and redesign.” So now, it seems that recession and politics are hollow reasons in comparison to the look of the dollar as an explanation to its depreciation! Richard Smith has, in fact, put up a contest asking people to come with ideas for redesigning the dollar, on his website. Well, the concept is not as frivolous  [...]
    at November 16th, 2009 at 01:11 am
  • Will You Save Or Spend To Make The Economy Grow?>
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    Will You Save Or Spend To Make The Economy Grow?
    Americans are doing something this year something that they’ve never ever done before and that is saving up money! The recession has taught us to be frugal and we humans, as usual, have overdone the frugality act. We are being over-frugal due to which our economy is not getting enough nourishment to grow. Statistics show that revolving credit (a credit card debt is plummeting in recent times more than non-revolving debt (ex. a car loan). The Department of Commerce finds that the percentage of savings in the recent months has shown an increasing trend in comparison to that about two or three months ago. But is this saving really helpful? Unemployment remains as high as ever at 10.2 percent. Unless entrepreneurs stop hoarding money and start resuming taking services from people (which requires  [...]
    at November 13th, 2009 at 06:11 am
  • Will The New Age Economic Reforms Prevent Another Recession?>
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    Will The New Age Economic Reforms Prevent Another Recession?
    To err is human. This present day recession is a consequence of errors made by the people of America regarding finances. All the three parties, the government, the entrepreneurs and the consumers are all culprits in the money mess. Financial aid agencies have also greatly contributed to this economic crisis which had a lot to teach people about faulty management of economy. By observing the mistakes made and learning from them, the government has come up with reforms that aim to take care of all the loopholes of the economic system that were revealed by the crisis so that another crises does not repeat again. Of all the major flaws; predatory savings, credit and investment practices by financially aiding companies seem be a major factor of concern in the new economy. The government has mentioned  [...]
    at October 21st, 2009 at 11:10 pm
  • Unemployment Is 9.8 %, How Can Jobs Be Created?>
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    Unemployment Is 9.8 %, How Can Jobs Be Created?
    It looks like technically the recession is over but with 9.8 % of the population jobless in September, can you say that there will be any speedy recovery? Chairman Federal Reserve Ben Berneanke says that the recession recovery cannot be expected to create a lot of jobs in near future. I like this honest opinion because it does not give you false hopes about seeing greener pastures soon.   What looks gloomy is that the rate of unemployment was 9.7 % in August and in a span of 1 month it has shot up to 9.8 % according to a Labor Department report. This is the same period in which we seem to be expecting national economic improvement. Though our logic might say that a bettered economy should create more employment, the fact may be that employers are first trying to rebuild their finances before  [...]
    at October 9th, 2009 at 02:10 am
  • Paying More for a Slower Internet Connection? Check This Global Comparison!>
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    Paying More for a Slower Internet Connection? Check This Global Comparison!
    The internet has reduced the world to a global village. Can you live without the internet today? I don’t think I can. I feel as though my friend from Alaska is my next door neighbor. Not only that, I use it for earning a living, for promoting my own business, for enhancing my knowledge and also for entertainment. I can relate to millions of people around me on this planet who simply love this electronic connection and rely on it heavily. But everything comes for a price. Though our communication seems to have been brought to a common platform by the biggest technological revolution of the present times, the prices are on widely uneven lands. Not all of us are paying the same amount nor enjoying communication at the same speeds all over the world. According to the OECD and ITIF rankings from  [...]
    at October 5th, 2009 at 03:10 am
  • Protect Yourself From Bad Economy With A Good Financial Armor!>
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    Protect Yourself From Bad Economy With A Good Financial Armor!
    The bad economy has made this world a battlefield where you’ve got to protect yourself from the attacks of your enemies, such as, debt, excessive spending and financial illiteracy which have already wounded many of us. Your financial armor should be made up of foolproof ways in which you can cope up with the financially adverse situations created by these conditions. Many of us are aware of the bad economy, but most think it has happened due to reasons beyond our control and we are not to blame for it. I do agree, but if our financial armor would have been really strong, our enemies would not have wrecked our lives the way they have now. Had we been a bit wise in our money saving methods, our financial security umbrella would have protected us from these rainy days. A bad economy may be the  [...]
    at October 3rd, 2009 at 01:10 am
  • Points To Consider When Going For a Career Change>
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    Points To Consider When Going For a Career Change
    A career change is more often the outcome of an ambition to earn more or the desire to get rid of unsatisfactory present work conditions. It does not always mean that a negative motivation should trigger you to search for new jobs. Sometimes you want a change because you just want to experience with something new even though you are satisfied with your present job. Here are certain things that you should bear in mind while looking for a job change as a mature grown up individual. Family Consultation Is Always Important I was a communication officer at a restaurant and my job would get over at 6 P.M. I got a very good offer from a leading health care corporate for the post of a help line professional that necessitated me to take up night shifts for attending calls. Being the mother of a two  [...]
    at October 1st, 2009 at 05:10 am
  • Tax Cheaters Hurry and Own Up, Otherwise Face Consequences>
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    Tax Cheaters Hurry and Own Up, Otherwise Face Consequences
    Some of us want to earn money but don’t want to pay taxes on it. Parting with a sizable percentage of your income can be a painful thing, but paying the government its revenue is ethical. But ethics being a matter of personal issue, many people try to evade taxes by fraudulent means. The IRS has always been in search of tax cheats who’ve stashed up money in hidden overseas accounts. So how do these offshore accounts help you in evading taxes? They help in a couple of ways. First, tax on income that is not mentioned on your tax returns will not be taxed as the IRS will not be able to locate it. Secondly, you don’t have to pay taxes on the money that grows in these accounts because as it is, these accounts are hidden from the IRS scanner. Well, you want to save money as much as I do like  [...]
    at September 24th, 2009 at 01:09 am
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