An Everyman’s Guide to Basic Economic Theory
These 3 political/economic theories can be best illustrated on a continuum. At the left is communism, simply stated; From each according to his ability, to each according to his need. At the right is capitalism, simply stated; Winner takes it all, Loser takes the fall.Why the Market Often Creates a Workforce of the Unskilled
A recent study by Nobel Prize winning economists illustrate how the market creates a situation where employers and employees alike tend to settle for the first thing available. The previous economic theory rationalizes that unemployment is an unnecessary evil; a conscious choice by workers to simply not work. It is believed that if employers and employees alike simply lower their standards, unemployment will be the disco of the business world. Lower your standards and a suitable job will provide you with all of their needs and a little extra scratch for a rainy day. If you are willing to work, success is just a dash away; fulfill the American dream.Private Mortgage Insurance In Your Mortgage Payment
Private mortgage insurance(PMI) is a protection that a mortgage company charges anyone purchasing a home, but is putting a down payment less than 20% of the total purchase price of the home. It is an insurance for the mortgage company to help to protect their investments.Foreign Money? Really?
From national Democrat party committees to the president himself, the liberals in the U.S. are making wild claims that their opposition from the GOP is being funded by “secret foreign money.” The U.S. Chamber of Commerce has been implicated… and the movers and shakers within the party even admit there is absolutely no proof of these accusations. One prominent Democrat, when asked on a national news program what proof his party had that foreign money was controlling the upcoming elections, could only retort by asking the reporter “Well, do you have any proof it isn’t true?”Deed In Lieu
A deed in lieu of Foreclosure(DIL) is a legal process where a mortgage company takes back a property from a homeowner with consent. This is often done for homeowners who are simply unable to keep up with their mortgage payments, and they have had no luck with trying to sell their home to a 3rd party.US Budget – Dissecting the Deficit
We hear about the problems of U.S. government debt and deficits all the time. In an election year, politicians make claims about how they will work to solve these problems while keeping benefits in place and leaving taxes low. In reality, solving the budget deficit will require painful tradeoffs that are politically unpopular. Let’s roll up our sleeves, crunch some numbers and identify the major tradeoffs.Nigerian Economy: Sleeping While Being Looted
It is stomach-turning when one reads or takes notice of how government and corporate bureaucrats abuse their positions of office in Nigeria. The country is dreadfully notorious in that respect and citizens have come to recognize and accept this as a way of life. As one observer put it…”sleepwalkers”- Nigerians more often use the notion; “follow – follow.”How TARP Staved Off Disaster
Did the Troubled Assets Relief Program save the world? I think I can make a good case that this much-reviled government “bailout” did just that.The Raleigh NC Job Market in 2010
For people in the job market today, Raleigh NC stands out as one of the best options to consider. Unemployment rates in the region are among the lowest in the country, even in these unpromising times of global recession. Industry and business continues to grow in Raleigh and surrounding communities. Employers are hiring, and the need for marketable skills remains strong.Fifteen New Millionaires a Day in Australia
According to a new study a record number of ordinary Australians have joined the millionaires club with around 15 new millionaires being created each day since the. The annual Capgemini and Merrill Lynch wealth report shows there are now more millionaires in Australia than before the Global Financial Crisis. More than 180,000 Australians have a net worth of more than one million dollars, a 7 per cent increase on the 168,700 recorded millionaires at the start of the GFC in the summer of 2008.1980’s Recession – How Deep Was It And How Does It Compare to 2010
In the early 1980s the US suffered a recession. In 1980, the gross domestic product measured -0.3%. The following year the GDP grew at 2.5% in 1982 it slipped back to -1.9%. During this period the unemployment rate was rising. However, the good news was interest rates, which were previously sky high, were coming down. From 1983 to 1989 the GDP grew steadily, interest rates fell steadily and the unemployment rate fell as well. In fact, the 1980s were a time of great prosperity, but the decade started, like this decade, in recession. In this article, we will compare the recession of the early 1980s to our most recent recession.