Savings Accounts and Money Market Rates provided by 10 August 2011 All of the groups in the Standard and Poor’s (S&P) 500 index were subject to drops of at least two percent on August 10. Several major U.S. stocks experienced drops of over nine percent, including Bank of America, Citigroup Inc. and Walt Disney Company, and the overall S&P 500 index dropped by a total of 3.9 percent, according to Bloomberg.
This recent drop can be considered part of the continuing trend of decline in the major financial index. Since it reported its highest 2011 numbers on April 29, the S&P 500 futures have dropped a total of 14 percent.
Approximately $2.6 trillion worth of U.S. Read the full post
U.S. home prices will likely take eight to ten years to recover to their precrash levels, if past history is any guide, with significant implications for the overall economy as well.
That’s according to a new report on U.S. housing and mortgage trends from the financial and business analysis firm CoreLogic. Among other things, it suggests that consumer spending, which makes up two-thirds of the economy, will continue to be constrained as long as home prices remain depressed. The report notes the current downturn and gradual stabilization of home prices is following a similar track to some of the worst regional housing price declines from the late 20th century. Th Read the full post
Home Prices, Prices
Savings Accounts and Money Market Rates provided by 28 July 2011 The August 2 deadline for the U.S. federal debt crisis, when the government must pay its debts or default, is fast approaching. American consumers are monitoring the process and preparing for potential effects on their personal finances, according to the Boston Globe.
Unlike the national financial crisis of 2008, the major markets on Wall Street have not shown extreme strain in the face of this issue. However, the Globe reports that this is not necessarily a sign that the new crisis is less serious, noting that stock prices fell noticeably yesterday, July 27.
The likely consequences of an August 2 default will be damage to the retirement accounts and investments of American consumers due to the devaluation of U.S. Read the full post
Debt Default, Default
The Lowest Price we could find is $245.95 $124.94
Packed with powerful examples from actual managers, MANAGERIAL ECONOMICS, 12e teaches you how to think analytically — and make better business decisions. Written by a seasoned and well-respected author team, Managerial Economics equips readers with the economic tools to avoid analytic pitfalls and become more effective managers. Drawing from more than 300 real-world applications, the authors illustrate how actual managers apply economic theories and techniques to solve real business problems. Current, comprehensive, and cutting edge, this new edition includes extensive coverage of the latest analytical tools in managerial economics, including game-theoretic tactics, information economics, and organizational architecture. It
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Economics, Managerial Economics
Savings Accounts and Money Market Rates provided by 25 July 2011 Personal finance is a topic of great importance to countless Americans, aiming to protect the viability of their financial future. A new government agency that aims to help consumers in this endeavor, the Consumer Financial Protection Bureau (CFPB), officially opened on July 21, according to Business Insider.
The agency came to be as part of the Wall Street Reform and Consumer Protection Act, first passed in 2010 by the U.S. Congress. It receives its funding from the Federal Reserve Board.
The Consumer Financial Protection Bureau’s stated aims, according to the news source, are to better the public’s understanding of the complicated processes that dominate many aspects of personal finance. Read the full post
Personal, Personal Finances
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