Financial executives are still receiving perks despite owing money from bailout and the struggling economy. In a report on msnbc.com many executives are still being overly compensated for their failing institutions. Everything from jets, country club memberships, and extra pay are still going to the executives who are at the helm of financial institutions...
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The value of China’s currency is said to be artificially kept low in comparison to the dollar so that an advantage can be gained in regards to trade. China’s unwillingness to raise the value of its currency versus the U.S. dollar is one reason China excels in trade values. If China’s currency values are...
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Student loan payments care little for how the economy is doing and they don’t watch the stock market to access the financial health of the nation either. The average student leaves college with up to $80,000, more or less, in college loans. If unemployment is plaguing you like most of the country and that...
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Interest rates are low so it may be time to refinance your mortgage to lower your mortgage payments. Depending on your loan, lowering the interest on your mortgage even by half-a-percent can save hundreds during the course of a year and thousands or tens-of-thousands over the life of your mortgage. However, it is important...
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The FDIC has proposed a premium collection from banks that amounts to three years worth of premium payments so the FDIC can replenish its fund in light of the many bank failures that have drained the FDIC fund to dangerous lows. However, there is new information about these premiums that is a bit shocking....
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AIG was chastised for its last attempt to take employees on a retreat that was to cost hundreds of thousands just after they had received a substantial bailout from the government with taxpayer money. Again, AIG, which is based in New York, has planned a cross-country venture to California in what is called a...
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The newspaper industry has been on a slippery slope thanks to easier access of news online and advertisers taking their business to the Internet as well. Newspaper profits and stock prices have fallen and, like most industries in the recession, they have cut jobs in order to stay afloat. However, Gannett Co., which is...
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