Education & Financial News

It is often said that you will not get into financial difficulty if you plan the use of your money wisely and save as much as you can whenever possible. There is also the popular belief that a person can do a lot to reduce expenses greatly. If you follow financial and money-saving advice religiously, you wouldn’t have to worry about coming up short from time to time and needing to borrow money. Read the rest of this entry »

Corporations figure their tax under the regular system, which taxes corporate profits at a top rate of 35 percent. Then they figure it under the AMT system, which tosses out some deductions allowed under the regular system, and taxes the resulting profit at 20 percent. The corporation then pays whichever tax is higher. Read the rest of this entry »

Today, U.S. Senator Jim DeMint (R-South Carolina), chairman of the Senate Steering Committee, announced the introduction of S. 712, The Financial Takeover Repeal Act of 2011. The bill would repeal the Dodd-Frank financial regulation bill that President Obama signed into law on July 21, 2010. Former Federal Reserve Chairman Alan Greenspan recently commented that the Dodd-Frank regulation “fails to meet [the] test of our times.” He warned, “The act may create the largest regulatory-induced market distortion since America’s ill-fated imposition of wage and price controls in 1971.”

What does this mean to the average consumer? To banks? To the future?

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Having bad credit can affect a person in many ways. Having bad credit can prevent one from getting a job or a loan. Bad credit does not happen instantly, but rather develops gradually. Many people suffer from bad credit because of financial difficulties. Here are some of the factors than can cause bad credit. Read the rest of this entry »

It’s always important to take a look at how you can save money, and here are some great tips and tricks you can use to get started. Anyone can start saving money with a small amount of effort. Look through these tips and find at least one that will help you balance your budget and build up your savings. Read the rest of this entry »

The global crisis gained a second wind in 2010 as revelations about the size of Greece’s debts rippled slowly across Europe and shook markets in the rest of the world. A new government there discovered that its deficits were three times the amount that had been acknowledged, leading investors to demand higher and higher interest rates, which in turn raised the likelihood that Greece would not be able to pay its debts.

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