Archive for April, 2009

What Women Do to Get Ahead in the Working World

Monday, April 13th, 2009

One of the more visible signs that a woman is finally letting go of poor expectations of one’s self is that she’s finally leaving a shoddy job in favor of a healthier, better-paying one. This is the first step in every financial and career transformation.

If you’re willing to risk things by going out of your comfort zone, then you’re bound to win the world. If you’re experiencing harassment in the workplace, leave! There are literally thousands of micro niches in the world of work. Don’t let physical boundaries hinder you from being the best career-person you can be.

Have you ever taken risks before? What was it like? What happened in the end?

Strategizing Your Family’s Finances

Sunday, April 12th, 2009

Controlling the inflow and outflow of your family’s budget is based on two factors: the economy and your strategies. Sure, the economy might be suffering from tremendous losses lately. However, that doesn’t mean that you have to take things lying down.

One way to earn a bit of money is to start investing. Aside from the stock market, why don’t you explore other avenues? The World Wide Web, for one, is now one of the strongest non-physical economies. If you can find your place in it, then the income would be a great help to your own budget.

Remember, every bit helps. What are you doing to survive the times? Any special tips you can give to strangers on how they can improve their monthly budgets.

Large Newspapers Going Bankrupt

Saturday, April 11th, 2009

When the Boston Globe unions reported that its larger owner, NYT Co. is threatening to shut it down, everyone was on tenterhooks. Either the NYT Co.’s way or the highway, says The Guild, the largest union of newspaper staffs and workers.

This phenomenon is by no means unique to the aforementioned newspaper. Since everyone is turning to the World Wide Web, people are finding less and less reasons to buy newspapers. This is especially true for countries like the United States, where small and big newspaper companies are closing down their physical facilities in favor of an online presence.

Do you think there is any way at all for the newspapers to save themselves from total annihilation?

Anchor Bank imitating the downward spiral of other US banks

Friday, April 10th, 2009

In the unpredictable mood of the US and world economies in general, some banks are simply calling it quits. With no other recourse but to close down and fire employees, many people are fretting over the fact that in times like this, no employer is safe. No corporation is spared, and only bad things can happen.

Anchor Bank is a classic case. Just this month, it had to close more than two branches. Since the Anchor Bank isn’t that large as a moneyed entity, three branches is already a fatal blow. Nineteen people have been laid off; but as a redeeming feature, they’re giving these nineteen individuals a chance with any openings in the company.

What Work Measures in the US

Thursday, April 9th, 2009

Why do international news wires around the world talk about deepening recession, unemployment, tax cuts and other such ‘situations’ in the world economy? You don’t have to be a rocket scientist to understand the world economy; you just have to be very keen about certain details.

Take the United States economy for example. Why do people look to Obama for work? Why does it matter that young university graduates are having trouble staying in one city for whole month in their search for work?

A good measurement of a country’s economy is employment. Employment translates to investors; industry. Lowered employment rates means there’s less capital going into the circuit. In addition, that also means that citizens are going hungry and most probably, homeless.

The Changing Terrains of Credit Card Use

Wednesday, April 8th, 2009

Because of the unsavory changes in the global economies, credit card companies are becoming more and more erratic in their policies; in the effort to stop the hemorrhaging of funds and to make their business as profitable as they used to be. This is where your vigilance as a credit card user comes in. Be very observant of any notices that come in the form of ‘bills’.

Don’t throw those bills away. Look for small, special announcements. Even small adjustments have terrible consequences for credit card users. Interest rates are just one problem. Imagine being penalized for not using your cards. Or being penalized for using just the minimum amount.

Why Obama Has to Care About the Unemployed

Wednesday, April 8th, 2009

Does Barack Obama, the shining beacon of hope in the United States, have to care about more than thirteen million Americans out of work? Yes, he does. When the US unemployment rate jumped to eight percent, people started wondering whether this would be just one of the milder consequences of voting for a newcomer in the White House.

Like all industrial nations, the United States is affected directly by the decisions made by central governing bodies. These bodies of control, from the financial institutions to the juridical institutions, have direct effects on the stock market and the possible trajectory of national spending. If Obama doesn’t attempt heavier measures to stop the downturn, then there just might be a chance that Obama would be deviled by critics; just like old Bush.

Uneven luck throughout the financial system

Tuesday, April 7th, 2009

When one thinks about it, some people or financial groups within the global financial system are safer than others. Investment-wise, some folks are luckier than some. Take for example some creditors in the United States.

What’s their secret? Well for one, these creditors and lenders don’t have to let go of their stocks. That’s the basic mechanism for ailing stock market conditions; when something is amiss, you simply sell your stocks, or you go down with the ailing company or companies.

Some of these strong creditors are being protected; because the protectionism would translate to the safety of the large conglomerates like General Motors. Do you think this is a sustainable response to a worldwide problem?

Is Money Your Responsibility or Your Partner’s?

Monday, April 6th, 2009

It would appear that for many couples, money should be handled by the most competent half of the relationship. In many cases, the biggest earner would also be the deciding component in the family/relationship.

However, many individual cases point to a singular truth: that without cooperation between two individuals in a relationship, finances would go awry. You cannot prosper if only one person is constantly reviewing and budgeting limited finances.

So before you make another solo move regarding your finances, ask yourself this: what could my partner add to my decision to do this? Remember, two clear heads are always better than one. If you’re the deciding power in a relationship, maybe it’s time to relinquish control for a happier relationship and a more stable financial life.

Why Embezzlement Does Not Pay Off

Sunday, April 5th, 2009

In light of the world financial crisis, it’s time to take stock what desperate people are driven to do when they’re pushed against a wall, financially. That’s what happened to Christine McLamb, a seventy-plus year old woman who was faced with mounting hospital bills and not enough cash to pay off everything.

To keep herself and her family from going under, she embezzled funds by taking out loans. Other peoples’ identities were used to apply for the loans. In the end, McLamb had more than a million dollars to her name.

Did it pay off? Well, she was able to pay off the medical expenses of her husband. However, she was still caught and she would be serving six years in prison for her crimes.