We are in the middle of a massive credit crunch and it is not set to start improving until 2010, so be prepared for 2 more years of financial stress. Statistics that come from an expert financial data firm, said that a general drop in inflation will help to finally balance and aid the economy. Infla
Lately, across the US, low income workers on welfare have gone back to work in unprecedented numbers yet without getting needed complimentary training and counseling. Such demographics committing to work with limited skills end up jeopardizing the future of their off springs indirectly through self
Being a certified electrical contractor in Miami as well as South Florida that is been operational for a long time, we tend to deal with the full array of electrical services.Although several smaller sized electrical companies will not be equipped to handle particular tasks or maybe not offer the pe
Is the Peak Oil phenomenon real, and is it "imminent"? Are we really facing the total collapse of the entire global economy, including, eventually, the electrical power grid with a mass die-off in global population in the years ahead?
The U.S. House passed President Barack Obama's $819 billion stimulus package without any Republican votes. The 244 to 188 vote yesterday sends the measure to the Senate, where Republicans will have more power to demand changes. They are calling for more tax cuts, less spending and a bigger focu
We are experiencing one of the most uncertain and frightening economic times in history. The current global economic crisis has many wondering how much worse things will get and how we will all survive if it does. By starting with the definition of recession, I'll explain some of the basics and
Yesterday's unprecedented announcement from the Prime Minister Gordon Brown that The Bank of England had cut the UK interest rate by 0.5% has been welcomed by everyone. The interest rate has fallen from 5% to 4.5% which is great news for everyone. Further news that the US and European central b
Several years ago I helped apply the Great Recession term to our current economic predicament, now however it seems that my worst fears were realized, in fact exceeded my fears in many ways. In the mean time I've finished my...
A few days ago I saw a sign advertising a 49 cent breakfast biscuit special at a local fast food slop hole. On face value, it seems like a pretty good deal. That is until you start adding up the reality of what it really was going to cost you.
The term Inflation refers to as when the purchasing power of a nation falls due to a rise in overall prices, it decreases the value of money and makes it more expensive to buy goods and services. Inflation is a normal economic phenomenon that should happen at a pre-determined speed anything above th
In case you didn't know, "Our economy is in bad shape." Come on people lets take charge of our financial future.
The combination of greed and debt, is the one-two knock out punch that will keep you down for the count, if you let it control you. This type of economic hardship will reveal a person's strengths and weaknesses.
The highlights of George Osborne's upcoming announcement, such as raising 10bn in funds by increasing tax on pensions and large properties and introducing benefit cuts are causing much speculation. The chancellor's move seems likely to target middle and upper class earners. The Autumn St
Gold is not just a precious metal, as it is commonly perceived to be. Gold is rather an international market and a very sound investment. By investing in gold at the right time, one can get a lot of advantages from the changing inflation situations.
Prior to the housing bubble, house price declines had only been associated with economic downturns and increases in unemployment. As people lost jobs, they lost their ability to make house payments, and many lost their homes in foreclosure. Unemployment is devastating to housing markets.
As the Federal Deposit Insurance Corporation continues to take over property holdings of failed lending agencies, the regulator has already sold more real estate than it has in any year since 1994. In the first 9 months of this year, the FDIC made more than $725 million from the sale of property, co
During the 'cold war', a term used to describe the tension between communist and capitalist countries, which lasted from 1947 to 1991, one of the fears was a military conflict between Russia or China and the U.S. It didn't happen. The potential of a military war instead morphed into a
When a country's economy expands for two or more quarters in a row after a recession, it is said to be in economic recovery. As a recovery continues, the economic cycle is described as being in a time of prosperity. It is important to realize that growth is measured in comparison to the last ti
The current number of people unemployed in the U.K. stands at 1.79 million, increasing from 1.72 million in July 2008. The Unemployment rate stands now at 5.75%, the highest level of unemployment since in 1991 amidst the U.K.'s last economic recession during the premiership of John Major.
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