Memorial Day Weekend:Sid and Cody Celebrate
May 24, 2013 By Leave a Comment
Personal Finance Friday: The education system failure in personal finance
May 24, 2013 By Leave a Comment
Every teenager looks forward to turning 18, and the gateway to adulthood is turning 18 in America.... At 18 years of age in America, the question of this age group should be asked…Do I go to college or start my own business? However, the current education system does prepare our emerging adults on the subject of sex education and the use of condoms. The system does not provide the basics of personal finance, the use of credit in the United States, how to start a business or constructing a business plan, or any integration of the financial system. The education system fails our children in the instance of personal financial literacy. I think about if our education system spent the investment in educating me in the use of condoms into a personal financial literacy program. As I turn forty this year, what a head start and high impact the knowledge of personal finance would have made in my life and decisions as a young adult… Do you question why America’s … [Read more...]
Personal Finance Friday: Why are relationships important in life and the real economy?
May 24, 2013 By Leave a Comment
Why are relationships essential in real life? Real life minus relationships would cease to exist. Relationships provide the platform to merge abilities to obtain an outcome that could not be possible alone, and the forging of a relationship is the acknowledgment of trust in another individual(s) shared values or beliefs to unite and achieve a common goal. Why are relationships essential for the real economy? The two facts are factual about the American economy that has been essential to our economic growth since the end of WWII. First, the growth in outstanding credit year after year has been the driver to recovery in previous economic downturns and the driver to widespread prosperity in the American economy. Second, the primary avenue to provide accessible credit throughout the United States is the branch banking network located in every community. The special relationship shared with banker consumer/small business owner would insure a return to growth as long as this … [Read more...]
Here Comes The Sun: Memorial Day Weekend Begins
May 24, 2013 By Leave a Comment
We will be taking a writing break over the next two days. We are working on four other sites at the same time and this site provides personal finance, news, and lighter side items. We will be working photo and video at events attended this long holiday weekend. Next Tuesday, we will look at the big stories in Personal Finance including the following: The IRS Scandal Student Debt Impact on the Economy Oklahoma Tornados - How does weather disaster impact finances? The Future- What Would You Like in a Future Bank? Have a safe and happy holiday! … [Read more...]
Readers react to small-business banking story – Charlotte Business Journal
May 24, 2013 By Leave a Comment
Banks hurt small businesses during the credit crisis and still punishing them now. The blame of the crisis was not small business lending, but residential mortgage lending was the issue. Banks were offering sure to fail loan products to people with damaged credit. Some people thought they had a second chance to rebuild, but that did not happen. It would be nice for the banks to borrow money from the Federal Reserve and they are snubbed as small business owners are by the bank when it comes to credit. The banking industry look in the mirror. It is your fault, but it is easier to blame others as risky and make them a scapegoat. This comes from veteran banker who worked in Washington,DC , Charlotte, NC, and Raleigh, NC. We need a better way in banking..... http://m.bizjournals.com/ Readers react to small-business banking story In five years at the CBJ, I’ve learned few things touch the nerves of our readers more than articles about small-business lending. When I write about the … [Read more...]
Readers react to small-business banking story – Charlotte Business Journal
May 24, 2013 By Leave a Comment
Banks hurt small businesses during the credit crisis and still punishing them now. The blame of the crisis was not small business lending, but residential mortgage lending was the issue. Banks were offering sure to fail loan products to people with damaged credit. Some people thought they had a second chance to rebuild, but that did not happen. It would be nice for the banks to borrow money from the Federal Reserve and they are snubbed as small business owners are by the bank when it comes to credit. The banking industry look in the mirror. It is your fault, but it is easier to blame others as risky and make them a scapegoat. This comes from veteran banker who worked in Washington,DC , Charlotte, NC, and Raleigh, NC. We need a better way in banking..... http://m.bizjournals.com/ Readers react to small-business banking story In five years at the CBJ, I’ve learned few things touch the nerves of our readers more than articles about small-business lending. When I write about the … [Read more...]
TGIF: 3 Memorial Day Facts Before the Summer Kickoff Begins
May 24, 2013 By 3 Comments
The doom and gloom on the news can provide a pessimistic outlook on the future of America, but our nation has suffered before. Memorial Day is the holiday that recognizes the remembrance of the brave men and women who made the ultimate sacrifice or fought in wars and their time has past. Here are some brief facts courtesy of Wikipedia. FIRST FACT: Memorial Day is a United States federal holiday which occurs every year on the final Monday of May.[1] Memorial Day is a day of remembering the men and women who died while serving in the United States Armed Forces.[2] Formerly known as Decoration Day, it originated after the American Civil War to commemorate the Union and Confederate soldiers who died in the Civil War. By the 20th century Memorial Day had been extended to honor all Americans who have died while in the military service[3]. It typically marks the start of the summer vacation season, while Labor … [Read more...]
I-5 Bridge Collapse Reminder of America’s Crumbling Infrastructure and Prosperity
May 24, 2013 By Leave a Comment
The Interstate 5 bridge collapse in NW Washington state is another tragic event for the victims of the collapse, and the prosperity of America as the infrastructure crumbles as debt and politics are standing in the way of making headway in this area. The Interstate 35 collapse in Minnesota was suppose to be a wake up call, and talk did follow about the infrastructure problems the country is facing and the best way to resolve these issues. America is lacking the money to invest $1.6 Trillion dollars in improvements in infrastructure. The running tab of yearly deficits has left America $16 Trillion plus a few hundred billions in debt. The idea of using pensions as a way to fund infrastructure improvements are floating around Washington. Money spent by the federal government every year pays interest on the gigantic debt, and our spending in unfunded liabilities(future debt) on entitlements take another slice of the federal budget. The room for infrastructure monies are taken by our … [Read more...]
Just Explain It: How Long Will It Take To Pay Off The U.S. Debt?
May 24, 2013 By Leave a Comment
http://news.yahoo.com/blogs/just-explain-it/just-explain-long-payoff-u-debt-145729149.html?.b=index&.cf3=FEATURED&.cf4=3&.cf5=Zelkadis+Elvi&.cf6=%2F&.h=Home Everything America’s debt now tops $16 trillion, and the meter never stops running. The national debt increases by about $35 million an hour, and around $2 billion every 24 hours. As the country’s debt skyrockets, politicians and pundits are debating how to get it under control. If nothing is done, we could be $17 trillion in the hole later this year. But for the first time in six years, the federal government said it would make a small down payment on the national debt – about $35 billion worth. They say higher tax receipts and recent spending cuts helped raise the money. Which brings us to the topic of this Just Explain It. What exactly is the debt? And how long would it take to pay it off? First, here’s some history. Before President Reagan took office, the national debt was $1 trillion. By the … [Read more...]
