Posts tagged as:

recession

Kauffman Index of Entrepreneurial Activity is a leading indicator of new business creation in the US, and according to its latest report, the rates of new business creation in 2009 were the best in the last 14 years, topping even the 1999-2000 peak technology boom. In a way this is to be expected as a [...]

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Companies Likely to Restore 401K Matches in 2010

by admin

in News

A number of companies have reduced or eliminated matches in the employee 401K plans as they struggled through the recession. As a result, not only employees have seen their retirement accounts plummet in value with the overall stock market, but many have started wondering if contributing to a 401K plan at work even makes sense.
Now [...]

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The Economic Recession has Badly Damaged Entrepreneurship in America

News

In a comprehensive look at the effects of the economic recession, Scott Shane writing for the American Enterprise Institute finds that the entrepreneurship culture in America has been badly damaged.
We are constantly reminded how bad the recession has been for the large and mid sized businesses. The effects on the small business has been worse. [...]

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Federal Budget Deficit and National Debt Projections Point to Uncertain US Economic Future

Opinions

White House released projections indicating that the Federal Budget Deficit will rise by almost $9 Trillion by 2019. The new figures also indicate that the national debt in 2019 would have risen to about $23 Trillion, or 76.5% of the GDP.

photo credit: Erik Charlton
How will we as a country spend $9 T more than [...]

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Deflation: What’s Bad for the Economy May Be Good For You

Money

We’ve all been hearing about how terrible the recession has been, and that the specter of deflation is providing problems for a slowing economy. However, deflation may not be so bad if you are looking to make some purchases.
Deflation is a general decline in prices. It comes about when the supply of credit and money [...]

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Recession Hits New Zealand Hard – Record Numbers on Anti-Depressants

News

As the global economic recession settles in for a long winter (down under), the word comes that the prescriptions for anti-depressants in New Zealand has almost doubled compared to the numbers in 2002. 1.2 million prescriptions were written in 2008 compared to 700,000 in 2002.
While recession appears to be a major contributor to this rise [...]

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Small Business to Suffer as Advanta Shuts Down Credit Card Lending

News

photo credit: orphanjones
Advanta’s uncollectible debt reached 20% as of March 31 prompting the small business credit card issuer to shutdown new lending as of June 10th to preserve capital. Advanta is offering 65 to 75 cents on the dollar to its securitized debt holders.
The shutdown in credit by Advanta will affect as much as [...]

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Americans Less Confident in Their Retirement Savings – 2009 EBRI Survey Finds

News

The recent 2009 survey by Employee Benefit Research Institute (EBRI) finds that an increasing number of Americans are now less confident in their retirement savings. Workers reporting very confident for a comfortable retirement is now at the lowest level since 1993

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Fight For Your Right To Work

Lifestyle

These days it’s not enough to do your jobs well. In fact you aren’t even working for that next raise or promotion. What you need to do is to Fight For Your Right to Work!

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Recession Stocks and Investing Strategy for Coming Period of High Inflation

Money

We have been in recession for more than a year and it is still not clear if the economic shocks are done coming. The recession may last for another year or more depending on if and when the government actions start stimulating the economy. Traditional Buy and Hold strategies call for buying when the stock [...]

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