This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance. With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, consumption among others. A recession is characterized […]
Now that it’s been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, it’s easier to get more details on exactly how it’s broken down. Did you know that $217 billion is allotted for state and local governments? Many of our president’s speeches touted the infrastructure and investments in efficient […]
Ever wonder how many companies announced plans to participate in the US’s government TARP (Troubled Asset Relief Program)? I did a little digging and as of November 18th, there were at least 25 companies either approved or planning to participate. Here’s an unordered list. First Midwest Bancorp Inc. (FMBI) – Received preliminary approval for about […]
The newest on the corporate corruption front seems to be that the employees at financial institutions are still expecting to be paid employee bonuses. It’s crazy to think that while we have to downsize and try to save more money to anticipate higher taxes for paying off the bailout, it is actually money that is […]
Update: Congress did not pass the bailout.. More details to follow. The $700 billion bailout plan designed to buy toxic mortgage securities has been finalized by the lawmakers and the bush administration over the weekend. Now that the only hurdle remains a vote on congress, it seems to likely pass. Here are some of the […]
