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09 June 2009
Pledging action to retard the rate of unemployment which has hit a 25 year high, President Obama said that speeding up spending of the stimulus package has to potency to save and create 600,000 jobs in the coming 100 days. In a meeting that was held at White House to review the path to recovery [...]
Posted in Economy, Jobs0 Comments
09 June 2009
Chairman of the Governors Highway Safety Association, Vernon F. Betkey Jr. has no option but to take notice of the study conducted by The Insurance Institute for Highway Safety, which was released last month. The institute analyzed driving laws for teenagers and their effectuality in curbing crashes. In its report the IIHS reasons that states [...]
Posted in Auto0 Comments
09 June 2009
President Obama’s program for making homes affordable got a further thrust with Freddie Mac’s last week announcement of changes aplenty in its offer for refinancing. Mortgage plan which is known as Freddie Mac relief refinance has been contrived to aid home owners who are currently paying out on their the mortgages but would gain by [...]
Posted in Home, Real Estate0 Comments
09 June 2009
Due to massive shrinking of jobs in the economy, pay cuts and pink slips borrowers are experiencing credit crunch. Default risk has risen substantially due to which banks have become strict with their lending giving out lesser credit to the borrowers. States of Arizona, Florida and Nevada experienced highest delinquency rates of 1.68%, 1.9% and [...]
Posted in Economy0 Comments
09 June 2009
Starting June 1 one in four homes in the market would sell at a lower price after a price slash. Backed by its data, real estate online firm Trulia.com confirmed this last week. Houses on sale underwent a whopping 23.6% price cut with an average reduction of 10.6% on the sale price. This would bring [...]
Posted in Home, Real Estate0 Comments
09 June 2009
U.S. automakers are undergoing troubled times for some time now with Chrysler filing for bankruptcy last month followed by GM’s recent disclosure, industry experts believe this might not spell disaster for the rest of the U.S. manufacturers. Industrial landscape survey reveals that the manufacturers are in a better shape. Sunil Chopra (Kellogg School of Management) [...]
Posted in Auto, Economy0 Comments
09 June 2009
June 4th sale of mortgage backed securities pushed mortgage rates higher. A highly eventful week witnessed MBS coupon price move 200 basis points low early last week and conversely raising the thirty year fixed rate from 4.87 percent to 5.37 percent by weekend. The thirty year fixed rates were at a 4.62 percent before May [...]
Posted in Home0 Comments
09 June 2009
Pink slips in U.S. declined sharply, signaling recovery, though unemployment rate is highest since the past two decades. The Labor Department reports that companies cut jobs by 345,000 in May as compared to 504,000 in April, which is a steady decline since Q4 last year putting to rest the predicted 520,000 by the market. Nigel [...]
Posted in Economy, Jobs0 Comments
01 June 2009
The Small Business and Work Opportunity Act of 2007 has recently extended the WOTC program till August 31, 2011. The Work Opportunity Tax Credit (WOTC) is an incentive provided by Government to employers who hire a certain targeted group of unemployed people that are less fortunate in getting a job due to various significant employment [...]
Posted in Economy0 Comments
05 May 2009
Travel insurance is a risk management scheme, by which one has to pay a certain amount of premium. Once any loss is incurred during traveling, this insurance scheme will cover all the medical charges, financial expenses like non-refundable payments or any other type of loss incurred while traveling within the country or even abroad. A [...]
Posted in Economy0 Comments
