Savings Accounts and Money Market Rates provided by 9 August 2011 The major financial ratings firm officially lowered the U.S. credit rating on August 5. This downgrade is widely being characterized as a massive shake-up bound to cause problems for major financial markets. Effects of the lowered rating on individual consumers are not yet clear, according to the Boston Globe.
The news source reports that some fear drastic and damaging consequences to the U.S. economy, including inflation and increased interest rates. Others believe that such consequences are not definite, and if they are to occur they will not come for several months.
Although the lowered credit ratings of the U.S. Read the full post
Downgrade, Sp Downgrade
Here’s a good question from IAmLegendary with an even better answer, enjoy:
Yi = B0 + B1Xi + B2D2i + B3D3i + ui ,where is monthly income of graduates; X is years of experience; D2 is a dummy variable which is equal to 1 for Economics majors and 0 otherwise; and D3 is also a dummy variable which is equal to 1 for Finance majors and 0 otherwise.a)What signs would you expect for the various coefficients? E
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Question, Question Economics
The Lowest Price we could find is
Samuelsons text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever.
Review:
This book is filled with ideology. The authors -although one of them is a Nobel laureate seem not to understand Adam Smith. From the first page on they make the case for massive government intervention.
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Economics
Australian banking major Westpac has brought forward the launch of its new franchise, Bank of Melbourne, and is telling existing St George customers in Victoria that the bank will be open for business by the 25th July.
The launch of the Bank of Melbourne had previously been scheduled for the start of August. Westpac as part of a push in Victoria is re-branding 34 St George branches in the state as part of a strategy to triple the size of the Bank of Melbourne network over the next half decade.
The strategy is in large part to counter the loss of market share following Westpac’s acquisition of St George a couple of years ago. D
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Melbourne, St George
Mortgage delinquencies rose for a second consecutive month in July, rising 2.4 percent to a total of 4.38 million properties, according to new figures from Lender Processing Services (LPS).
That figure represents 8.34 percent of all U.S. homes with mortgages, and follows an identical 2.4 percent increase in June. LPS defines mortgage delinquencies as loans at least 30 days past due but not in foreclosure. Serious mortgage delinquencies, those at least 90 days past due, were down by 0.4 percent for the month to 1.90 million. On an annual basis, LPS reports that total mortgage delinquencies were down by 10.4 percent from July 2010. Read the full post
Month, Second Month
Two more customers of St George have become victims of a card skimming device, with one claiming that they do not believe their card was skimmed at an ATM. Because the case was still being investigated by the police, St George has refused to divulge any details.
The first victim, a Ms Kay Bank tried to use her card at a retail outlet in Port Macquarie, only to find her card declined.
“I thought it was strange because I knew I had money in there,” Ms Banks said.
Ms Banks followed up by calling St George head office, and was told by the lender that her card had been cancelled because it had been skimmed. Ms
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Card Skimming, Skimming, St George