10 Steps For Getting Out Of Debt
Get Yourself Out of Credit Card Debt and Start Over
If you are one of the estimated 50 million Americans who are drowning in credit card debt, know that while it may not be easy you can get out of debt.
Figure Out How You Got in Credit Card Debt in the First Place
Ask yourself how you [...]
Japan’s Economy Rebounds In 2Q On Export Growth
Japan’s economy climbed out of yearlong recession in the second quarter, the government said Monday, expanding 3.7 percent at an annual pace and joining Germany, France and other regions that appear to be emerging from the global financial crisis.
But economists and politicians sounded cautious, noting that the main driver of growth was exports and [...]
China’s Miracle Economy: Have the Chinese Become the World’s Greatest Capitalists?
“I don’t care if it’s a white cat or a black cat. It’s a good cat so long as it catches mice.” — Deng Xiaoping, who opened China to foreign investment after 1978
China is being called a “miracle economy.” It seems to have decoupled from the rest of the world, preserving an 8% growth rate [...]
Financial Crisis No Excuse For Inaction On Climate Change: EU
AARE, Sweden (AFP) – The global financial crisis is not a sufficient reason for inaction on tackling climate change, Swedish Environment Minister Andreas Carlgren said on Friday.
His comments came at a meeting of European environment and energy ministers organised by the Swedish EU presidency in Aare, central Sweden.
The Swedish environment minister told delegates that [...]
Bernanke Says Fed Can Take on Supercop Role
Federal Reserve Chairman Ben Bernanke ran into skepticism Tuesday from U.S. lawmakers wary of expanding the Fed’s duties to police big financial companies. They argued that the Fed failed to spot problems that led to the financial crisis in the first place.
“The Fed has made some big mistakes,” said the House panel’s highest-ranking Republican, [...]
US Financial Market Bailout Tab Hits $4.7 Trillion
The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.
Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 for every American.
The figures [...]
Crisis Far From Over,World Bank Chief
World Bank President Robert Zoellick said on Tuesday that financial markets are showing signs of stabilization, but warned that the global crisis was far from over in developing countries.
Speaking to reporters ahead of a meeting of finance ministers from Latin America, Zoellick said developing countries were only now feeling the full force of the global [...]
Biden: “We Misread How Bad The Economy Was”
The Obama administration “misread” the depth of the economic troubles it inherited and still expects more new jobs in the long term as the spending pace from the $787 billion stimulus plan quickens, Vice President Joe Biden said.
Republican congressional leaders expressed disappointment about the impact of stimulus spending. “I’m very skeptical that the spending binge [...]
10 Big Banks Get OK To Repay $68B In Bailout Money
Ten of the nation’s largest banks were given the green light Tuesday to repay $68 billion in government bailout money, freeing them from restrictions on executive compensation that they say are making it hard to keep their top-performing executives.
The Treasury Department said the banks had been approved to repay the money they received from [...]
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