Archive for the ‘Money’ Category

Unemployed and Single Mother of 14!

Wednesday, February 4, 2009 15:31 9 Comments

When I heard that an Unemployed and Single Mother of 6 children gave birth to Octuplets (8 kids), I felt that someone somewhere is really trying to push the envelope. If you are unemployed and have six kids, you are definitely on welfare. What would it do to you if you had 8 more babies?

Nadya [...]

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Better Alternative to Refund Anticipation Loan for your IRS Refund

Sunday, February 1, 2009 13:28 2 Comments

Refund Anticipation Loan or RAL is nothing but a loan that you take out against your federal IRS refund. Almost all national tax preparation chains allow you to apply for RAL and then give you the money within 24-48 hours. The problem with RAL is that the extra money (APR) you pay for the convenience [...]

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USPS Contemplating 5-Day Work Week

Thursday, January 29, 2009 12:31 6 Comments

This is fresh off the wires that USPS is contemplating 5-day work week in order to cut costs. They plan to cut 1-day from the work week but that necessarily doesn’t mean they would cut Saturday. A big part of the problem is a decline in mail volume as customers use e-mail for personal [...]

This was posted under category: Internet, Money, News, Personal Life, U.S Tags:

Bye Bye Freddie and Fannie

Sunday, September 7, 2008 13:27 No Comments

If you happen to be in the U.S then by now you have heard about the Government takeover of Fannie Mae and Freddie Mac. This news was surprising to not that many people as the takeover was inevitable.
Freddie Mac and Fannie Mae were the largest provider of U.S mortgage securities. Their business model involved [...]

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Economy in the Tank but CEOs get a Pay Raise

Tuesday, June 24, 2008 20:50 No Comments

If you were the CEO of Merrill Lynch, you made $83 Million joining a company that has been badly hit by the worsening U.S Economy. AP did a survey on the salaries and signing bonuses given to CEOs and found out that even though the economy is in the tank, CEOs seem to be doing [...]

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