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Patti Constantino-Martin of Spring Hill wants an end to bailouts and the government to seize the assets of the executives of failed financial institutions. ...more
February 25, 2009
Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor's 500 index logged its lowest finish since April 11, 1997. All the major indexes slid more than 3 percent. The Dow is just over 100 points from 7,000. ...more
February 24, 2009
WASHINGTON (AP) - The White House on Friday insisted it's not trying to take over two ailing financial institutions, even as stocks tumbled again. ...more
February 22, 2009
There have been several articles in the Highlands Today regarding subject matter on the Spring Lake Golf Course. The last one of Feb. 3 was the best article written to date. ...more
February 19, 2009
Goodyear Tire & Rubber Co., the biggest U.S. tire maker, plans to cut 5,000 jobs this year after posting a fourth-quarter loss of $330 million and a 21 percent decline in sales. ...more
February 18, 2009
Here are some interesting facts from the U.S. Small Business Administration: Small businesses represent 99.7 percent of all employer firms, employ half of all private-sector employees, pay nearly 45 percent of total private payroll nationwide and have generated 60 to 80 percent of net new jobs annually over the past decade. ...more
February 18, 2009
As many homeowners face foreclosure, they are frequently finding that their original lender is not the mortgagee seeking to foreclose. In many cases, homeowners are being sued by banks acting as trustees for something called a "pooling agreement." The trustee frequently is represented by a law firm that is handling foreclosures in bulk quantity; and it may be impossible to get an attorney speak with you in an attempt to resolve the matter. What can the homeowner do? ...more
February 13, 2009
When did you last check the balance of your 401(k)? Many workers have seen their 401(k)s plummet, and some have decided the best way to deal with it is not to look. ...more
February 10, 2009
I firmly believe the real reason for the recession is greed in the ranks of the politicians and the very rich. Honesty, integrity and ethics are absolutely not being practiced by them. Just for starters, I would like every one who reads this to send me an e-mail if they really believe that the two senators, who did not pay their taxes, really did not know they didn't. Wall Street, the financial banking biggies, and the list goes on, pulled a scam on the public and still some got their bonuses and very high salaries. The politicians are taking care of them with all the bailouts. ...more
February 10, 2009
Chris Markowski, a nationally syndicated radio host, calls himself the "Watchdog on Wall Street." ...more
February 7, 2009
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