Author Archive

Dow Jones Industrial Average And Economic Recovery On The Rise; Analysts Say It Makes No Sense

11/16/2009
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The Dow Jones Industrial Average continues to see positive numbers and economic recovery is said to be going in the right direction, but not without problems. The slow recovery of the economy is causing many to be cautious, like employers who refuse to hire, and areas like real estate still face troubles as homes...
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Posted in Banking/Finance, Business | 3 Comments »

Defaults and Foreclosure Filings Continue To Drop But Still Up From 2008; Loan Modification Program May Be The Reason

11/12/2009
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Defaults and foreclosure filings on homes are dropping again, which has become the trend for the end of this year. However, the numbers are still up from this time last year, but the Obama home loan modification program has been in the works over the last few months so many believe this is the...
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Posted in Banking/Finance | Comments Off

Obama White House Summit About Jobs Scheduled For December; Jobless Claims Drop Again

11/12/2009
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President Obama said he would be holding a White House summit in December regarding the slow recovery of the job market our nation is facing. Obama said that the rise in new jobs and the ability of people seeking jobs to find them is not up to speed with the economic recovery. Many feel...
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Posted in Unemployment | Comments Off

THANK YOU VETERANS

11/11/2009
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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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Posted in Uncategorized | Comments Off

Holiday Merchandise and Retailers: Will Retailers Hurt Themselves With Conservative Predictions?

11/10/2009
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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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Posted in Business | Comments Off

Fannie Mae Program Trades Mortgages for Leases; Homeowners Rent Their Homes

11/09/2009
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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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Posted in Uncategorized | Comments Off

Unemployment Rate Over 10% Despite Drop In Jobless Claims; Companies Still Not Hiring

11/06/2009
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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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Posted in Unemployment | Comments Off

Proposal to Extend Homebuyer Tax Credit Offers $6,500 to Repeat Homebuyers

11/05/2009
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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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Posted in Business | Comments Off

Unemployment Benefits Extension, Elections; Are Americans Happy With Politics The Way It Is Now?

11/05/2009
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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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Posted in Unemployment | Comments Off

Unemployment: The Result Of The Recession, Impossible Hiring Standards or Unqualified Jobseekers?

11/04/2009
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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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Posted in Unemployment | 2 Comments »

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