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Announcements |
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| ROHERA Business Network International
Thursday, April 26, 2007Romanian Heritage Assn. - ROHERA Business Network is made up of businesspeople and professionals of Romanian background or anyone who supports Romanian economic activity. There is no charge to register your Contact Info online to stay informed about business get-togethers, to post your specialty on this website, and promote Romanian economic activity. Join ROHERA for $50 a family or $25 a person & you can post your enhanced business entry (logo and full-profile). 2007 is the year of Romania's integration into the EU & the World - let's join hands and move forward together - Hai sa dam mana cu mana!
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Market Commentary |
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Is ExxonMobil's future running dry?
The petroleum giant is shying from risky exploration and spending money on buying back stock. Over the long haul, those moves could lead the company to go private or disappear.
Financial doom and other fairy tales
Go ahead and read those apocalyptic books on the economy if you like a good scare. But be sure you recognize fiction when you see it.
A double-dip downturn? Wait and see
Interest-rate cuts and $108 billion in now-arriving tax rebates may be enough to sustain the market's present rally, but their full effects won't be clear until next year.
Why we're stuck with insane prices
Forget supply and demand. We're now seeing scarcity economics at work -- what happens when buyers fear they won't get what they need at any price.
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Finance Tips |
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10 money tips from Mom
Your mother may have taught you more about managing your finances than you realize. Here's a list of those lessons.
States that keep a lid on car insurance
If your insurer must get pre-approval before raising your auto rates, state regulations may be saving you a bundle, a consumer group says.
Hide the Doritos! Here comes HR
With an eye on soaring health care costs, companies are getting becoming more proactive about what their employees eat.
How big a bounce from tax rebates?
Government rebate checks have begun landing in bank accounts. So what will people do with the money, and how will it affect the stumbling economy?
Crackdown on unfair credit card practices
3 federal agencies move to reverse years of increasingly aggressive penalty fees, demanding more time for cardholders to pay and fewer tricks and hidden fees.
6 top-rated gas-rebate cards
The right piece of plastic could save you hundreds of dollars a year at the pump. Credit card experts look at the current crop and pick their favorites.
For sale: Your job history
A private database collects employment records for a third of US workers and sells that information to government agencies, lenders and other companies. Consumer advocates worry about the data's security.
High food prices? Here's how to save
Prices for eggs, milk and flour have soared in the past year, rising faster than other staples. Experts share their secrets for stretching your food dollar.
America ill-prepared for recession, survey finds
Despite an economy that has most Americans worried, a survey for MSN Money and the National Foundation for Credit Counseling finds that few have the resources or the basic financial skills to cope.
How $10 could save your retirement
When money is tight, it's tempting to put off any thought of saving. But don't give in. Even the change in your couch cushions can make a difference.
It's a grim economy for new grads
Not only are choices fewer for this year's business grads, some studies suggest those launching careers during 2008's downturn may face years -- or a lifetime -- of lower earnings.
What if you retire in a bad economy?
For many who have just quit working or will soon, concerns over their nest eggs run deep. Planners say retirees must weigh their options, but it's not time to panic.
Tax rebates start landing today
The first wave of tax-stimulus money began arriving four days ahead of schedule. See when your rebate will land.
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Economy News |
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Four Ways to Ease a Global Food Crisis
While some solutions to the global food crisis require long-term investment and planning, there are steps that could be taken now to ease the situation over the next year or so. Here are four ideas for the short term.
Democrats Face Rescue Backlash
Democrats are risking a backlash over efforts by Congress to rescue homeowners who can't afford their mortgages. The White House and most Republicans say this amounts to using taxpayer money to reward bad behavior.
U.S. Trade Gap Narrowed in March
The U.S. trade deficit narrowed 5.7% to $58.21 billion in March, more than expected, as imports of cars and crude oil dropped amid record-high oil prices and a weak economy. Exports fell 1.7%.
U.S. Spurs G-7 Effort to Bolster Dollar
The Bush administration is leading the international effort to put a floor under the falling dollar, according to a U.S. Treasury official.
Wall Street Cuts Pick Up
Wall Street's downsizing is picking up steam. For employees at banks and securities firms, it feels like death by a thousand cuts.
Inflation Data May Give Wrong Signal
Data to be released Wednesday will likely show that inflation remains mostly a food and energy phenomenon. But the situation might be more perilous for the Fed than the benign core data suggest.
Corn Production Seen Dropping
Corn prices are forecast to stay at record levels into 2009 amid a shrinking U.S. corn crop and rising demand for it by the ethanol industry.
Fannie to Aid Underwater Loans
Fannie Mae is preparing a program of refinancing mortgages for people who owe more than the current value of their homes. The plan is the latest twist in efforts to contain the surge in foreclosures in much of the U.S.
Turmoil Taking Toll on Europe
Demand for loans from euro-zone companies is slowing amid tightening lending standards, an ECB survey found.
Bubble Isn't Price Driver, Poll Says
Surging food and energy prices are being driven by fundamental trends, according to the majority of economists in the latest Wall Street Journal forecasting survey.
IMF Calls for Higher Rates
The IMF urged central banks in developing nations to raise interest rates to fight inflation caused by rising fuel and food costs.
ECB, BOE Leave Rates Unchanged
The ECB and Bank of England left their key interest rates on hold, as persistent inflation pressures outweighed concerns about the increasing likelihood of slower economic growth.
House Passes Homeowner Aid
The House passed a package of measures aimed at tackling the housing crisis, but bickering signaled turbulence ahead for the legislation.
Banks Hold Steady in Discount-Window Use
Commercial banks held largely steady in their use of the Fed's discount window. Investment banks scaled back.
Container Shortage Frustrates Exporters
Surging U.S. exports are hitting a bottleneck at the nation's ports, threatening to crimp profits for farmers and agricultural processors.
Wholesale Inventories Decline
Wholesale inventories fell 0.1%, an unexpected dip amid plunges in petroleum and farm products. Jobless claims fell by a surprisingly large amount last week but still remained at elevated levels consistent with a weak U.S. labor market.
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