Archive | August, 2009
New Study Shows Credit Card Debt Lower New Business Survival Rates
According to a recent study that was conducted by the Ewing Marion Kauffman Foundation, there is a possible correlation between credit card debt and reduced viability in small business ventures. In fact, the study suggests that chances of such businesses surviving its first three years are noticeably lowered by credit card debt. In the study, [...]
Continue reading...A good, free lunch? Healthy school meals could be big business
31. August 2009
Filed under: Columns, Healthcare In the United States, many school cafeterias use bulk-produced commodity food that is reheated on-site. While the dishes provide the basic calories that students need to power them through the day, meal providers often focus on economy, to the detriment of flavor and nutrition. The price: roughly $1 per meal. In much [...]
Continue reading...Retirees Dealing With Larger Debt Than In The Past
29. August 2009
With rising health care and energy costs getting out of hand and the elimination of the traditional pension, retirement no longer holds out the guaranteed freedom it once did for many older Americans. This trend has been worsened by the current recession and the drop in overall market values. Home values, stock portfolios, [...]
Continue reading...Judge Stays FOIA Fed Ruling Pending Appeal
29. August 2009
From Rolfe Winkler at Reuters: Judge puts Fed’s bailout revelations on hold Chief Judge Loretta Preska of the U.S. District Court in Manhattan stayed her August 24 order in favor of Bloomberg News, which had sought [the names of the banks that have participated in the Federal Reserve's emergency lending programs] under the federal Freedom of [...]
Continue reading...Dept Of Education Waives Texas University’s Debt
28. August 2009
While much work remains, including increasing enrollment and raising graduation rates, Texas Southern University one of the major milestones was reached. The U.S. Department of Education has chosen to waive an $11.7 million debt. It was an issue that plagued the university for 13 years. It root of the university’s debt problem goes back [...]
Continue reading...5-Piece Chinese Nuggets
28. August 2009
James Fallows of “The Atlantic” talks China. Go to Source
Continue reading...Why the new Sony Daily Edition is a Kindle killer: Free book downloads
26. August 2009
Filed under: Technology, Sony, Apple Yesterday Sony Corp. (SNE) finally introduced a true competitor to Amazon’s popular Kindle e-reader. Dubbed the Daily Edition, this model actually supports wireless data transmission, a key feature that made it possible for Kindle customers to shop for and download new books and magazines anywhere a wireless signal was available. Lack [...]
Continue reading...Congress Pressured To Increase National Debt Limit
25. August 2009
With pressure mounting, lawmakers in Congress need to solidify the restructures of the financial system and get the controversial health-care legislation passed. Now many are calling for an increase in the maximum amount of money the federal government is allowed to borrow. Treasury Secretary Geithner has made it clear to in a letter to legislators [...]
Continue reading...Treasury Reduces Estimates On Borrowing
25. August 2009
There may be some good news on the horizon as the U.S. Treasury reduced its borrowing estimate for the federal government’s fiscal Q4 to $406 billion – a reduction of $109 billion from the initial price tag of $515 billion. In a report issued by the Treasury, the department noted that it had borrowed less during [...]
Continue reading...On The Lookout For Fake Debt Collectors
25. August 2009
The BBB or the Better Business Bureau has issued serious warning to consumers regarding a new scam involving phony debt collectors that possess a significant amount of private information about their victims. The fraudulent activities appear to be very widespread, cover multiple states. According the information provided by the BBB, the supposed-collectors tell the victim [...]
Continue reading...Berkshire To Purchase Corporate Debt
25. August 2009
Berkshire Hathaway, the company of billionaire investor Warren Buffet, is purchasing corporate debt and foreign government-issued securities even as Buffet has lowered spending on stock falls. The company was holding approximately $11.1 billion in foreign government bonds in its insurance units back on June 30 according to a regulatory filing for August 7 that announced second-quarter [...]
Continue reading...Debt Consolidation Options
25. August 2009
Before considering debt settlement for your debt elimination strategy, you should first learn about other options available that could bring you relief by making your monthly payments more affordable. While it is true that debt elimination through debt settlement is touted as the fastest and easiest way to [...]
Continue reading...How to Consolidate Credit Cards
25. August 2009
When you find yourself struggling to make even the minimum payments on your credit cards, it is likely a red flag that you need to act quickly to prevent default at some point in the future. Consolidation of credit cards is a popular way to regain control of your [...]
Continue reading...Debt Settlement Can Increase Your Income – And the Amount of Income Tax You Owe
25. August 2009
With more people struggling to pay their debts, there is an increase in the number of people who are looking to “settle” their debts with their creditors. A debt settlement is a process in which an individual, or a company acting on behalf of the individual, contacts their creditors to [...]
Continue reading...Last Minute Tax Tips for Last Minute Tax Filers
25. August 2009
April 15 is just a few days away – have you filed your tax return yet? If not, you need to get yourself in gear and take care of it as the deadline is April 15th. Even with a rapidly approaching deadline, there is no reason to panic. Here [...]
Continue reading...Not a Good Sign for America’s Credit Card Holders
25. August 2009
Well, the news is in: Visa increased profits by 73% while many of the nation’s businesses are struggling just to break even. If one reads between the lines on this report, it shows that America is using the heck out of its credit cards. Everyone I speak to realizes that the economy is struggling right [...]
Continue reading...5 Tips For Saving Money On Furniture
25. August 2009
Buying furniture can get very expensive if you aren’t careful. For a very long time, people have settled for astronomical furniture prices. It isn’t far fetched to think that you have to spend a few thousand dollars just to furnish a room in your house. Although furniture is generally expensive, there are several ways to make [...]
Continue reading...4 Steps For Balancing Your Checkbook
25. August 2009
The act of “balancing your checkbook” simply means making sure that the money your bank or financial institution says you have matches up with the money you actually do have. Unfortunately, this practice isn’t exhibited by the majority of people. Balancing your checkbook only takes about 30-60 minutes, once per month. This is not a [...]
Continue reading...A Penny Saved is a Penny Earned
25. August 2009
When Author Robert Fulghum wrote “All I Really Need to Know I Learned in Kindergarten“, he could scarcely have imagined how popular it would become. His best- selling book outlines a general philosophy that can be applied to many potentially complicated subjects – including finances! Hi, Steven Vanderhoof here; America’s Personal Finance Coach. I’m excited to [...]
Continue reading...Understanding the Federal Budget
25. August 2009
Note: Although I try to keep GRS a politics-free zone, today’s topic is inherently political. I’ve stayed as neutral as possible in the article, but I know that there’ll be some political discussion in the comments. Please keep conversation civil, as always. Recently at The Simple Dollar, Trent posed the question, “How much do taxes matter [...]
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31. August 2009
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