Holiday sales for retail items like clothing and most luxury items fell but the electronics sellers and online shopping saw good numbers. The report that sales were up on Black Friday and consumers spent even more on Cyber Monday gave a positive report to a struggling retail world, but it seems the month of...
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A student loan debt case revolving around bankruptcy has come to the Supreme Court and the question is asked: Does filing for bankruptcy forgive you of student loan debt? The debate over the cost of college and financial aid is endless and the world of financial aid is a tricky one to say the...
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New residential home construction dropped despite the extension of the first-time homebuyer tax credit. This came as a surprise to many as the housing market as a whole seemed to be on the rebound, so what is the problem? Many feel the amount of foreclosures in the past year coupled with the new tax...
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Hunger in America is something that is rarely thought of and seems like an impossibility in a nation where there is plenty of all things and supposedly for all people. When arguments over housing, unemployment, banks and millions of dollars in bonus money are in the news, most Americans think hunger isn’t an issue...
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The first-time homebuyer tax credit has improved the real estate market when defaults on homes and foreclosures were becoming a common occurrence. However, the reports of foreclosures and defaults are still considered a big problem. So, is the first-time homebuyer tax credit really working or are the foreclosures and defaults on mortgages really a...
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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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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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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...
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An extension for the TARP bailout program could come to small businesses and community banks. Small businesses and community banks have less money and assets so the credit and housing problems are dealing a harder hit on them. Consumers defaulting on commercial real estate, construction, and mortgage loans are more of a powerful blow...
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Personal bankruptcy filings have grown substantially since this time last year and the last resort of bankruptcy is becoming the only option for some who are being hit by the economic recession. Over one million personal bankruptcies were filed since the beginning of the year, which is the highest it has been since 2005. ...
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