Author Archive

Current Job Market Under Review By Obama Administration

11/24/2009
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The current job market has drawn the attention of the Obama Administration and on December 3rd a job forum will be hosted for ideas that may boost the speed with which new jobs are created. The big problem that seems to be causing the lack of jobs in the current job market would be...
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Constrained Bank Lending And No Confidence Lead To A Weak Job Market

11/24/2009
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When Bank lending is constrained and employers have little confidence in the economy and the reports that things are getting better a weak job market will always follow. With so many saying that everything but the job market is looking up, why is there so little confidence in the economy and why are employers...
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Nationwide Home Sales Up 37% Since January; First-time Homebuyer Tax Credit and $6500 Repeat Homebuyer Tax Credit Help Sales

11/24/2009
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The nationwide number of home sales since January has risen almost 37% and many feel the first-time homebuyer tax credit and the $6500 repeat homebuyer tax credit, along with other incentives are fueling the rise. Many new homebuyer are reporting that they are having trouble finding a home simply because there are so many...
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Mortgage Modification Program Moving Slowly; Banks Struggle To Keep Up

11/23/2009
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The mortgage modification program has been beneficial to many homeowners over the past months and could continue to help homeowners over the next year, if not longer, but some banks are having trouble keeping up with demands of homeowners and the program itself. Many feel that these kinks in the mortgage modification program are...
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Stimulus Jobs and Stimulus Job Creation; Were The Numbers Correct?

11/20/2009
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Stimulus jobs and reported stimulus job creation numbers have been called into question and flagged as erroneous and inflated. In a report by the Associated Press there have been mistakes in the data that said the stimulus saved and created jobs. Apparently, there may have been doubts about the data but the report went...
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Employment Forecast For College Graduates In 2010; Are Internships The Answer?

11/19/2009
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College graduates in 2010 are looking at a mixed employment forecast, which could lead some into new and lucrative jobs and others begging for work. The job market is the next focus for congress and based on predictions in a report at money.cnn.com there are mixed feelings about the future of college graduates when...
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Congress To Address Job Creation As Job Market Shows Little Recovery

11/19/2009
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Congress finally plans to address job creation as the rate of job market recovery is almost nonexistent. With battles over healthcare, real estate and banks, executive pay, and other economic woes taking up the attention of most individuals, it is unemployment that is the true problem in our country and when a solution or...
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Federal Reserve New Rules On Fees For Prepaid Gift Cards

11/17/2009
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The Federal Reserve is proposing new rules on fees for prepaid gift cards and this is a welcome change as the holiday buying season nears. Many people shy away from prepaid gift cards because there can be fees and expiration dates involved. However, the new rules meant to reign-in fees on prepaid gift cards...
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Google Buys Online Phone Company; Could Be Trouble For Competing Phone Companies

11/17/2009
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Google has purchased an online phone company, called Gizmo5, and may be the rising force in phone companies in America. Verizon and AT&T are two of the biggest and streamlined service providers but Google seems to be positioning to become one of those phone service providers but with the possibility of coming in with...
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Credit Card Defaults Decrease But Cardholders Still Struggle To Make Payments

11/17/2009
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Credit card companies and lending institutions are reporting there are less defaults on credit cards but they are finding that more and more cardholders are having trouble making monthly payments. Many credit card customers are becoming delinquent with their payments yet companies are reporting that there are less cardholders who are defaulting outright. Credit...
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