Times are tough, really tough. Over 100,000 layoffs just last week alone. Gross Domestic Production down over 3% (the worst in over 25 years) and the price of houses continuing to go down. The government is trying everything it can to stop the stalling of the economy and get things going in a positive direction, [...]

With roughly half of the government’s TARP (Toxic Asset Relief Program) funds already disbursed, why is it that we’re still having so many problems with the subprime and ‘packaged’ loans that triggered this downslide in the economy? Wasn’t the idea to get rid of these debts on the bank’s balance sheets and allow them to [...]

In a move not terribly shocking after last week’s 100+ store closings, Circuit City has filed for Chapter 11 Bankruptcy.
Circuit City started life in 1949 as the Wards Company, founded by Samuel S. Wurtzel. It changed it’s name officially to Circuit City in 1984 and went nationwide with a chain of warehouse-styled stores, selling electronic [...]

Now that Pres. Elect Obama is done with the election, with a decisive victory, control of both the House and the Senate, what is in store for the country?
We still have a little over two months before he officially becomes president. With that kind of available time, there’s still significant things that can happen before [...]

Sunday, the federal government signed the first paperwork to start disbursing part of the $700 Billion from the recent Wall Street Bailout bill.  This is the first ‘handout’ to the banking system, designed to stabilize the banks, and by extension the credit markets and larger economic markets.
The recapitalization of the banks should ‘hopefully’ alleviate the [...]