The Euro and Country Sovereignty, Op-ed
The Euro came into circulation 1999, as a common currency for 20 European countries. One of the main concerns or criticism was whether the member countries would lose sovereignty, or their rights to control its own affairs. The Euro is on the road to crashing, and many options are being debated about how to save… Read More »
The Price of Inequality, Trickle Up Economics?
Nobel prize-winning author and economist Joseph E. E. Stiglitz argues in his new book The Price of Inequality, economies suffer when societies lack opportunity for upward mobility, education and health care. He also cites evidence that the United States has less opportunity today than most other industrialized countries. Capitalists and conservatives argue against entitlements, which I… Read More »
Memorial Day
John 15:13 Greater love has no one than this: to lay down one’s life for one’s friends. Today we remember and are thankful for those in American history who have defended our country home and abroad in war. Listed here is a partial list of the wars and conflicts. No one is able to list the… Read More »
Why did the Facebook IPO Fail?
The much followed initial public offering (IPO) of Facebook failed to be a runaway opening day success, by the way I warned you to be very cautious about IPOs like this on my February 1 2012 post. The first day of trading Friday May 18th, shares opened up at $42.50 about 11% higher than the… Read More »
What does JP Morgan Chase’s loss mean to you?
There has been constant chatter about JP Morgan Chase’s $2 billion loss on the news, but what does it really mean to you with your personal finances? How will it affect you? If you own their stock, you have experienced at 12% reduction in value, but it will probably recover in time. If you bank… Read More »
Can we spend our way to prosperity?
A few years ago, researchers discovered that most people driving on highways in blinding fog, drive much faster than they can see ahead, and even some people actually drive faster. When it comes to debt some exhibit the same behavior: debt is increasing, but we don’t slow down life, somehow like the fog, we think… Read More »
Homeonwership Rate Falls to 15-Year Low
Monday the Census Bureau announced that the percentage of people owning homes fell to the lowest level in 15 years to 65.4%, after peaking at almost 70% in 2004.
Ohio Unemployment Compensation New Guideline
The Ohio Department of Jobs and Family Services (ODJFS) is notifying current and past recipients of unemployment compensation, the regular requirement to apply for 2 jobs per week is staying the same, except that recipients of unemployment compensation must keep a written record of actions taken including employer’s name and address, method of applying for work, type… Read More »
Money Key to Escaping Abuse
Very interesting article in the Columbus Dispatch about domestic violence shelters providing financial counsel and education as part of the process to help those trapped in abusive relationships, where often money is used to trap them.
Stock Act Signed Into Law, Finally!
The Stop Trading On Congressional Knowledge, or Stock act was signed into law yesterday April 4th, 2012 by President Obama, prohibiting members of congress from buying and selling stock based upon inside information. It is about time that this was passed, given the 6 years the bill has been worked on and the opportunity for… Read More »
