07 Dec
Posted by Julia Redstone as Finance
This time the year-end planning of taxes will require new strategies and has to be different from the lines followed previously. For a good number of people this year has meant loss of jobs or working for lesser pay. Many have lost their homes to foreclosure on top of unemployment. There have been stimulus [...]
The interconnected global economy could suffer further impairment as Dubai’s debt problems continue. It may send the already fragile US economy into a tottering state. Dubai World, which is the state-owned conglomerate, has said that it wishes to restructure the debt ratio. Dubai World has run up a liability of $59 billion already. It also [...]
01 Dec
Posted by Julia Redstone as Finance
Huge budget shortfall in Los Angeles will have a dramatic impact. Extraordinary steps would be taken for many months ahead to bring back balance to the budget. The size of the government would have to be trimmed and spending on pensions would also have to be sliced, said an important budget official of the city.
The [...]
24 Nov
Posted by Julia Redstone as Finance
Economics professor Robert J. Shiller of Yale University who had foretold the dot com debacle as also the housing crash said that the windows for change that had opened are perhaps closing down.
He said, “People will accept change at a time of foreclosure crisis, but we haven’t managed to do much, and maybe complacency [...]
19 Nov
Posted by Julia Redstone as Finance
The activities of Wall Street are many – with borrowed funds it is taking control, stripping off assets, cutting jobs and finally cashing out. The bailout funds coming from the taxpayer’s pockets saved Wall Street when it was choking on the throw up of its own gluttony.
Today Wall Street Journal says, “Major U.S. banks [...]
18 Nov
Posted by Julia Redstone as Finance
Citigroup is ready to restart its troubled hedge fund operation after showing bad performance for about 2 years. The years had been marred with inside tussle and unrest among investors.
Those in the know said that the firm wanted to rename the unit – it having $14 billion under its management. It also comprises of [...]
The foreclosure crisis followed by the recession has not spared the remote border town of Nogales in Arizona. Business is now dull.
Immediately after the rush in the morning at a McDonald’s outlet in Nogales few customers linger on. Two years previously when Gael Sylvia Pullen purchased the franchise and started business the joint was [...]
16 Nov
Posted by Julia Redstone as Finance
There are still many miles to go for the economy of USA before it reaches the level of normalcy but recently there have been signs that the nation’s battered manufacturing and housing sectors are well on the tracks to recovery.
In October the comprehensive health of the manufacturing category reached its highest point since the last [...]
10 Nov
Posted by Julia Redstone as Finance
Recently Senators agreed to the extension of the time limit for tax credit to certain categories of buyers – namely the first time nest builders. The scope has also been widened to include reduced credit for other types of buyers. According to the plan the first time nest builders would get tax credit up to [...]
06 Nov
Posted by Julia Redstone as Finance
The news is good – one can finally enjoy a holiday in Paris. If suddenly the traveller loses his or her job and suddenly needs the return money the airline will oblige. The plan has no loopholes. But of course one should be prepared for a catch to these deals.
Unemployment figures are touching 10%. This [...]
