Some months back, we had already heard that we should brace for recession in key parts of the world. A lot of people stand to lose their jobs and rightfully so, we have seen thousands to perhaps a million people now jobless no thanks to this economic crisis that has befallen the world.
The big three auto manufacturers have made necessary cuts and so have banks. Three companies have joined the fray as well and this includes consumer electronics giant Sony which has cut over 8,000 jobs due to the ...
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Depending on whose side you are on, this poll is bound to be controversial. In a national poll set out to determine what the American taxpayer would choose, 6 out 10 chose not to bail out the big three, a result that will obviously be crucial as far as what the government will do.
Earlier it was speculated that help would be on the way for the three car manufacturing giants but apparently they may stay that way; just speculations. General Motors and Ford have openly announced that they ...
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The financial bailout seems to be coming in installments. Initially it was counted in millions and then billions. Now it has risen to trillions. Care to try zillions next?
The economic disaster besetting the whole world is apparent. In fact, if billions cannot save companies from a bailout, would trillions do the trick? The next thing you would know is that it is not enough as well as we see practically the whole world at the mercy of debt issues created no other than man himself.
We see companies ...
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Citigroup can heave a big sigh of relief these days. Facing the prospects of the worst financial disaster in ages, the U.S. government granted a $20 Billion financial bailout to the threatened group, hopefully strengthening the financial backbone of the country. The news had quite an impact as stocks soared when the
Citigroup bailout was announced.
The question is on whether this was enough and up to when it can be sustained. It is no secret that Citigroup is only one of the many companies that are facing bankruptcy ...
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They call it China’s Stimulus Plan while others call it the New Deal. With no aid being set aside to attend to the Asian countries, no other than China itself has stepped up and laid out a new plan to help faltering global markets particularly in Asia. The act does seem commendable and has shown a bright ray of hope. However the fact remains, how good is it and up to where can it aid a faltering Asian market? If it does succeed, will the world follow?
Do remember that ...
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One of the things that have brought consumers and groups to their demise is the fact that they tend to approve loans and borrowings half-baked. It is a fact that people have this mentality of borrowing more than they can afford to pay. A lot has to do with satisfying their various rants that include buying a new car, a house or even for starting a business. While they are excited at first, it is really how you manage to pay the amortization that needs addressing.
But in the ...
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If you are the type who wants to make money from opening a business or franchise, chances are that taking out a loan is the last of your priorities. Interest rates and monthly settlements can prove to be a problem especially if your business plan does not deliver the expected results that you had earlier forecasted.
Add to the fact that banks now are sure to be concerned with one thing…to offset the losses that they have gotten from bad loans. Much of these have piled up and for ...
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After initially disapproving the financial bailout plan submitted by President Bush and the US government, the restructured one (or was it really?) was approved by the House of Representatives earlier this week. Before anything else some questions:
1. Was this a Wise Move?
2. Are Borrowers off the Hook?
3. Has Capitalism Changed?
4. How will this impact the economy since anyone can be saved from drowning debt?
You would think that this financial bailout plan the second time around would be approved already even before it was announced. Why? Well based on the reactions of the world ...
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By now, the issue that is going around is the rejection of Congress on the financial aid and support that President Bush had pushed for to save a faltering economy. For sure, many businesses are saddened by this since it means they have to go about their financial worries alone. But on the other hand, the conservative businessmen are probably heaving a big sigh of relief since first off, it preserves the nature of capitalism and the obvious business responsibility of each corporate entity to ensure their current sustainability ...
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With news that President Bush is hurrying the supposed “bailout” plan to save companies of a faltering U.S. economy, it is evidently showing why politicians do not know the proper way to do business. For one, when making a business decision, it is not as simple as ordering a missile to be launched. It takes due process and while congress is there to ratify it, they are likewise weighing out the options of the impact of this bill, which is sure to be drawing howls and protests from people today.
If you were in their shoes, where does politics ...
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