The economy shrank at a 6.3 percent pace at the end of 2008, the worst showing in a quarter-century, and probably isn't doing much better now. ...more

March 26, 2009

Hartford Financial Services Group Inc. said it will cut 500 jobs this month or about 2 percent of its total work force, citing losses in its investment portfolios and declining revenue. ...more

November 5, 2008

George Bush has been in office for seven and a half years. The first six the economy was fine. Okay, he's president but he is not the dictator of what occurs in the U.S.A. We have a "checks and balance" system: Congress, Supreme Court, president. A little over a year ago, consumer confidence stood at a two and a half percent higher, regular gas sold for $2.19 a gallon, the unemployment rate was 4.5 percent, the Dow Jones hit a record high of 14,000-plus, Americans were buying new cars, taking cruises, vacations overseas and living large. But, America wanted change, so in 2006 they voted in a Democratic Congress and yes, we got change all right! In the past year consumer confidence has plummeted, gas is now over $4 a gallon and climbing, unemployment is up to 5.5 percent (10 percent increase,) Americans have seen their home equity drop by $12 trillion and prices are still dropping. One percent of American homes are in foreclosure, the Dow is probing another low, and $2.5 trillion has evaporated from their stocks, bonds and mutual funds investment portfolios. Yes, in 2006 American voted for change and we sure got it. ...more

October 3, 2008

With the upheaval convulsing Wall Street this week, many average investors have spent the last several days wondering what they should do with their 401(k)s, money market accounts and other important investments. To help guide readers as they review savings and investment portfolios this weekend, we interviewed Gary Stempinski, a financial adviser with Raymond James Financial in Tampa, for top things to keep in mind and questions to ask your financial adviser. ...more

September 20, 2008

Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy - or prepare for huge losses down the road. ...more

February 15, 2008

I try to provide advice to keep people from plunging into debt during the season of shopping madness. ...more

December 2, 2007