Archive for October, 2009

Should Employer Credit Checks On Potential Employees Be Allowed During The Hiring Process?

10/31/2009
By

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 credit check will be conducted and there is little the potential employee can do...
Read more »

Posted in Business | Comments Off

Mortgage Defaults Slow, Credit Card Payments Increase; Is This A Sign Of Economic Growth?

10/30/2009
By

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. Mortgage defaults, credit card delinquencies, and other forms of non-payment have caused a strain...
Read more »

Posted in Banking/Finance, Business | Comments Off

FDIC, Treasury, and Failure Fund Seek To Stop Economic Drain From “Too Big To Fail” Businesses

10/29/2009
By

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 required assistance. The FDIC chairman Sheila Bair wants a Failure Fund that would collect...
Read more »

Posted in Banking/Finance, Business | Comments Off

30-year Mortgage Rate Above 5%; Will First-Time Homebuyers Credit Extension Generate More Buyers?

10/29/2009
By

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 there be new buyers coming into the housing market? There was much debate over...
Read more »

Posted in Banking/Finance | Comments Off

Religion In The Workplace; Is The Right To Express One’s Faith Limited?

10/28/2009
By

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 a year and around the time he was fired reportedly he had begun to...
Read more »

Posted in Uncategorized | Comments Off

EDITORIAL: Economic Recovery, Unstable Stock Market, Increasing Unemployment, Worried Consumers, and Self-Fulfilling Prophecy

10/27/2009
By

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 our country is on the mend, doing great, and out of the recession but...
Read more »

Posted in Business, Unemployment | Comments Off

New Regulations for Firms “Too Big To Fail,” Too Much Government Involvement or Not Enough?

10/26/2009
By

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 more needs to be done. The big companies that were given bailouts are the...
Read more »

Posted in Business | 1 Comment »

Reports On Unemployment For 2009 and Early 2010 Look Positive

10/26/2009
By

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 and in the latter part of 2009 and early 2010 there will be gains...
Read more »

Posted in Uncategorized | Comments Off

Bernanke, Federal Reserve Wants New Regulations For Financial Regulatory System

10/23/2009
By

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 fees that are excessive to the consumers, and interest rates that can suddenly skyrocket...
Read more »

Posted in Banking/Finance, Business | Comments Off

Default On Commercial Real Estate Mortgages Likely; Will This Halt Economic Recovery?

10/22/2009
By

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 economic hardships. Home loans are the majority of the real estate market and with...
Read more »

Posted in Banking/Finance | Comments Off