Archive for the ‘Business and Economy’ Category

Now that we know Obama is the next president, we can evaluate his proposal regarding 401k plan more closely.  If you recall from my last article, I didn’t like his proposal that would allow people to early withdraw from their retirement funds — i.e., 401k and IRA — without penalty (McCain’s plan was even worse). [...]

With the economic crisis in full bloom, it’s increasingly difficult for small business owners to find capital needed to keep their business going. Cutting costs can only improve cash flow to an extent; eventually borrowing becomes inevitable without top line improvement. Unfortunately, traditional business lenders are tightening up their lending practices, making it very hard [...]

When I listened to President Bush’s speech the other night, I noticed that my analysis of what caused the Financial Crisis of 2008 was right on target.  Too bad President Bush didn’t say anything about greed!  Personally, I don’t know if the $700 billion dollars bailout package will fix the problem, but the amount of [...]

I think we can sum up the cause of our current economic crisis in one word — GREED.  Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages.  But they did it anyway because there was nothing to lose.  These lenders were able to charge higher interest rates [...]

American International Group is facing a serious liquidity crisis and potentially a complete failure.  However it’s being saved by the U.S. government who loaned $85 billion dollars to AIG and assumed 79.9% stake in the insurance company. Personally, I don’t like the idea of government bail out, because I believe these companies should have done [...]

I recently discussed a potential business with an enterprising friend.  She wants to sell handcrafted products on Etsy as a source of alternative income. Personally, I am not the kind that discourages any type of income, but this story will highlight some of the intricacies and pitfalls that you may face on your income streams [...]

We all know that it takes a lot of time and effort to start a new business and build it into a successful one.  Some of us will make it to this point and finally confront the next challenge: how can I keep growing my business without being totally consumed by it? Most people [...]

Are you tired of the daily grind at work and seeing nothing but a dead end career? If you have been in the workforce for a while, it’s not easy to change your line of work . And changing job may help for a while, but you’ll still be doing the same dreadful thing. [...]

Before I start, I should say that the first economic stimulus check did come in handy. There were a couple of big bills that were piling up, and the stimulus check stopped me from digging into my margin account. However, I am not too thrill about the possibility of getting a second economic [...]

As some of you may know the economic stimulus check is coming one week early! You might say, “Hey, that’s old news.” Well, I am not here to tell you about the rebate check coming week early (this week instead of next). I am here to share with you why I am [...]