Archive for September, 2009

Fed Officials Unsure About Raising Interest Rates

09/30/2009
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The Federal Reserve lowered interest rates in a move to battle the coming recession when signs were clear our nation was heading that in that direction. Since, they have combated the effects of the recession while trying not to drive the value of the dollar down or stunting the growth of the economy.Lately, the...
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Bank of America, New Policy On Overdraft Fees

09/30/2009
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Bank of America has announced that it will no longer charge overdraft fees to customer’s who overdraw their account by less than $10 and will give them five days to correct the balance in their account before finally being charged an overdraft fee. There is also a limit on the number of overdraft fees...
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Credit Cards: The Fed Proposes New Terms to Aid Cardholders

09/30/2009
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Credit cards are in every pocket or purse of the average American. The ease in making purchases or when an emergency arises can all be easily handled by credit cards. However, despite the fact that practically every American own at the very least one credit card there are some issues that arise for card...
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Economy Recovering, However, No New Jobs; No Spending For Companies Says CEOs

09/30/2009
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In a survey by Business Roundtable, as reported by msnbc.com, CEOs are saying they are planning more job cuts in the coming months. The CEOs surveyed said 40% would be cutting jobs while only 13% will be hiring new workers. The survey also said the CEOs were less optimistic about spending as well. However,...
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FDIC, Banks, Prepay On Deposit Insurance Premiums

09/29/2009
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The FDIC is seeking advancement on the next three years worth of insurance premiums from banks in order to help the FDIC fund, which has been stressed to the max by an overwhelming amount of bank failures. The FDIC fund has dropped from $45 billion to $10 billion while trying to keep up with...
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Obama Facebook Poll: Angry Politics or Racism?

09/29/2009
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A story that shouldn’t have been given any attention due to its nature has become widely circulated and many believe the Facebook poll, which surveyed if President Obama should be killed is thought to be more than just a survey in bad taste. Some believe that the poll is just bitter politics that was...
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Wall Street, Economic Recovery: Executives On The Verge of Bonuses

09/29/2009
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Many companies on Wall Street were given a piece of the bailout pie in order to keep them from sinking and dragging down the economy with as they went but a great deal of backlash came when the tax payer money that was sent to Wall Street was used for bonuses of the executives...
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House Bill Takes Control of Student Loans

09/29/2009
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The House voted on and passed a bill that would do away with private lenders in the student loan business and put the government in the driver’s seat. The bill if passed by the senate would end subsidies for private lenders and would increase Pell grants for needy students, along with other changes to...
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Starbucks Not Marketing To America’s Sense of Community

09/28/2009
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The Starbucks logo is almost as recognizable as the “golden arches” as its coffee draws millions daily with an unmatched fervor. You can barely walk down a street without smelling their variety of brews or hearing the hiss of steam as milk is frothed in preparation to meet coffee. However, Starbucks with all of...
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Job Market, Early Retirement Causing Social Security Fund Hardships

09/27/2009
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The job market isn’t recovering as quickly as the economy and many people are opting for early retirement as a result. This increase in claims will cause a payout that is more than the intake of funds. Despite the fact many who are retiring would be willing and are able, physically, to continue working...
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