AIG’s CEO, Robert Benmosche, is reportedly upset and ready to leave his position due to the constraints the government is putting on the company and salaries. Executive pay has been an issue that has fueled anger from many people due to the business-as-usual workings of companies that failed and needed assistance, but there are...
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RWBPRESS wants to send our thanks to all the current and past veterans who have served our country. Thank you all.
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Many retailers are reportedly ordering less holiday merchandise in the hopes of keeping profits up and excess inventory down, but there are already reports that many shoppers are unable to find certain merchandise, most of which is toys, and stores are finding it difficult to replenish their shelves in time for the holidays. Obviously,...
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Fannie Mae has instituted a program to stop foreclosures and allow homeowners whose mortgages are owned or guaranteed by Fannie Mae to essentially trade their mortgage for a lease and remain in their homes. The plan is another attempt to cap the amount of foreclosures and put struggling homeowners in a position where they...
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The unemployment rate is now over 10% even though claims for unemployment seems to have dropped. Many analysts predicted unpleasant numbers for the job market but the current numbers reported were worse than expected. However, there are numerous contradictions in the information surrounding the reports from the job market. Anyone reading the news will...
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The homebuyer tax credit is said to be guaranteed to pass and in this new round the tax credit is supposed to contain a $6,500 tax credit for repeat homebuyers who have owned their home for more than five years. The first round of the first-time homebuyer tax credit seemed to help the housing...
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Elections held on Tuesday brought victory for both Democrats and Republicans but there was little indication that Americans favor one party over another, or one party’s ideas for the direction of our nation over the other, so the question remains are Americans happy with the current state of our government? Unemployment is a problem...
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Unemployment is now the slowest area of recovery coming out of the recession and with Congress feeling the extension of unemployment benefits may be necessary it seems the unemployment problem is everyone’s problem. However, in a report on cnnmoney.com it was stated that a survey Human Capital Institute and TheLadders says that employers are...
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Retail merchandise is getting a price drop by many retailers as the holiday season draws closer. However, many analysts say the repercussions and change of attitude stemming from the recession hasn’t registered with retailers. The argument against cutting the price on retail merchandise is that many Americans affected by the recession are more frugal...
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The Chronicle of Higher Education reported that twenty-three college presidents made over one million dollars for the 2007-08 year as college tuition for students became costlier. The highest paid president made around $1.6 million but no president fell under $1.2 million. The question remains: are these salaries warranted? Tuition has been increasing steadily and...
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