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US Personal Bankruptcy Jumped 40% in October
Personal bankruptcy claims have jumped by 40% last month, and it's expected to get worse. As banks tighten up their lending criteria, those who live by the good graces of Visa and Mastercard are finding themselves left in the cold. This is, of course, exacerbated by the rash...
created by Jordan Yerman | 4 years ago | updated 4 years ago
250 views | 6 recommendations | 1 comment
250 views | 6 recommendations | 1 comment
UK Cuts Interest Rates to 3%
As the expectation of a long recession looms, the Bank of England has cut interest rates to 3%, down from 4.5%. This is the second emergency cut since the credit crunch crisis began.However, this is a rate cut...
created by Jordan Yerman | 4 years ago | updated 4 years ago
106 views | 0 recommendations | 0 comments
106 views | 0 recommendations | 0 comments
Nothing to Lose but Your Overdraft: Credit Crunch Chic & The Thrift Book
One advantage of being a writer, especially if you are already a marquee name is that you can turn your misadventures and shortcomings into a new tome.A good example of that is India Knight (a Brit) whose failed efforts to manage her finances gave birth to The Thrift Book... Beat Seasonal Depression by keeping active during the winter months
Beat Seasonal Depression by keeping active during the winter months
With the rising cost of Gym membership and the intrepid, and the fast advancing winter, dark and cold days comes the dreaded scourge called... Will the banking crisis become a food crisis?
Having no money is one thing. Having no food is another thing entirely."Oct. 27 (Bloomberg) -- The credit crunch is compounding a profit squeeze for farmers that may curb global harvests and worsen a food...World credit loss '£1.8 trillion'
The world's financial firms have now lost £1.8 trillion ($2.8 trillion) as a result of the continuing credit crisis, the Bank of England has estimated. It also warned that 1.2 million homeowners in the UK now faced going into negative equity if house prices continued recent...Credit Tsunami: Alan Greenspan Revises Market Ideology
Former Federal Reserve Chairman Alan Greenspan has admitted to a flaw in his market ideology, which opposed regulation under the belief that financial institutions could protect themselves and their shareholders no matter how stormy the seas. "``Yes, I found a flaw,''...10% of Employees Sacked At Goldman Sachs
Wall Street stalwart Goldman Sachs is to lay off over 3,200 of their staff, or 10% of its employees, in order to trim expenses, though news of the move has negatively impacted GS's stock.I have fond memories of the lush catering at their Maiden Lane building, but that was...
created by Jordan Yerman | 4 years ago | updated 4 years ago
557 views | 0 recommendations | 3 comments
557 views | 0 recommendations | 3 comments
International bank lending slides, markets down
The specter of recession has haunted trading again today, with the Dow Jones opening down, and share prices slipping in markets around the world. Even though fuel prices are down and the dollar remains strong...
created by Jordan Yerman | 4 years ago | updated 4 years ago
99 views | 0 recommendations | 1 comment
99 views | 0 recommendations | 1 comment
From Paris to Miami, Restaurants Feel the Pain
Every chance I have, I save time to listen to the Marketplace Morning Report.I had a chance to find out thanks to Eleanor Beardsley report They still eat out in Paris (October 22) that in many dining spots empty tables are the norm. The piece also mentions many, except the...US Treasury Secretary Gets Poor Approval Ratings
When you helm a bailout package that rescues the folks whose mortagages caused people to lose their homes, do not expect a very high approval rating. Just ask US Treasury Secretary Henry Paulson.Hey, I don't make...
created by Jordan Yerman | 4 years ago | updated 4 years ago
151 views | 0 recommendations | 0 comments
151 views | 0 recommendations | 0 comments
UK conservative Party Are Credit Crunch Losers
A recent ICM survey for the News Of The World shows that voters are in support of Prime Minister Gordon Browns handling of the global financial crisis caused by the worlds merchant bankers. 43 percent of those polled believe that the Labour government have ... Credit Cards Could Become Next Trouble Spot in Crisis
"Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the overall economy won't be as severe as the housing slump, analysts believe. As the economy worsens...CVC in talks to take stake in RBS insurance arm
Buoyed by the British government, Royal Bank of Scotland has been stuck trying to sell of its insurance holdings. It may have found a buyer in CVC Capital Partners. As CVC is not the only bidder, the deal has not...
created by Jordan Yerman | 4 years ago | updated 4 years ago
213 views | 0 recommendations | 0 comments
213 views | 0 recommendations | 0 comments
Downwardly: "By the time you foreclose on my house, I'll be dead."
Associated Press has a new story up identifying recent victims of violence connected to the financial crisis. Here is a brief police blotter account of one of the most recent: Pamela Ross, who had been given a...
created by Actual News Geezer | 4 years ago | updated 4 years ago
591 views | 2 recommendations | 0 comments
591 views | 2 recommendations | 0 comments
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