Employers often use credit checks as part of the hiring process, but should one’s credit be factored in as part of one’s ability to perform in a job? During interviews an interviewer will make the prospective employee aware that a…
Month: October 2009
Mortgage Defaults Slow, Credit Card Payments Increase; Is This A Sign Of Economic Growth?
Defaults on mortgages and lack of credit card payments have been a problem for many financial institutions but in a report on usatoday.com there is a turnaround occurring in the financial sector with people being able to make payments again.…
FDIC, Treasury, and Failure Fund Seek To Stop Economic Drain From “Too Big To Fail” Businesses
A proposal for a Failure Fund is in the works but the Treasury and the FDIC aren’t seeing eye to eye on the specifics of the bill that would cost creditors and shareholders if a “too big to fail” company…
30-year Mortgage Rate Above 5%; Will First-Time Homebuyers Credit Extension Generate More Buyers?
30-year mortgage rates have risen to just above 5%, which is still a low amount, but over the past weeks new mortgage applications have been fewer in number. However, with the recent extension of the first-time homebuyer tax credit could…
Religion In The Workplace; Is The Right To Express One’s Faith Limited?
A man in Florida was supposedly fired for wearing a button with an American Flag and the phrase “one nation, under God, indivisible…” The man worked for Home Depot as a cashier, said he had worn the button for over…
EDITORIAL: Economic Recovery, Unstable Stock Market, Increasing Unemployment, Worried Consumers, and Self-Fulfilling Prophecy
The state of the economy, stock market, job market, and various other aspects of our economy differ in their status from day to day. If you watch or read the news online on any particular day you will find either…
New Regulations for Firms “Too Big To Fail,” Too Much Government Involvement or Not Enough?
New regulations are in the works from legislation for the financial institutions that are said to be “too big to fail” but some wonder if this action by government undermines the capitalist ideals and practices of our nation or if…
Reports On Unemployment For 2009 and Early 2010 Look Positive
With unemployment close to 10% many feel the economy’s slow recovery is nothing compared to the slow crawl of the job market recovery. However, a recent report from National Association for Business Economics claims the job market is looking up…
Bernanke, Federal Reserve Wants New Regulations For Financial Regulatory System
Federal Reserve Chairman Ben Bernanke wants new regulations in place for the financial regulatory system so any further potential crisis may be prevented. The idea of new regulations from the Federal Reserve looks to stop acts like predatory lending, overdraft…
Default On Commercial Real Estate Mortgages Likely; Will This Halt Economic Recovery?
Commercial real estate mortgages may be the next economic problem to overcome. Many lenders for commercial real estate property fear commercial property owners will default on their mortgages due to short terms on most commercial property mortgages coupled with the…