Share1.5 million people filed for bankruptcy in 2010: were you one of them? Find out the causes, and prepare to be astounded. For example, would you have guessed that 8% of people blame divorce for their financial woes? Learn the figures, and discuss your take on bankruptcy, and chapter 13 bankruptcy, below. click to enlarge [...]
ShareGranted, the current economic situation in the U.S. is far from great due to an ever-increasing national debt; but when looking at the financial dilemma on a global scale it quickly becomes obvious that other countries are even worse off than America. Here are 14 countries on the verge of bankruptcy, including the U.S. click [...]
ShareAmassing wealth takes time, hard work and luck in most cases. Losing it all, on the other hand, may happen a lot faster and seem like a sinister twist of fate as the biggest individual bankruptcies in history below show. click to enlarge
ShareAs the old saying goes the bigger they are the harder they fall. Recent economic events have proven this idiom true. Some of the largest companies in the world, like Worldcom, were over $100,000,000,000 in debt when they went under. We have decided to take a look at some of the biggest corporations that filed [...]
ShareA recent survey done by the GfK poll concluded that the debt is causing them stress. This survey’s 46% participants were stressed and 23% were at high stress levels. But 53% of the people were optimistic and felt no stress. Thought the U.S. economy is seeing a u turn from the previous year’s condition when [...]
ShareThe U.S. economy got another blow from the European crisis this time in the form of budget cuts. The British PM’s announcement of the extreme cut back in the form of government spending along with the German austerity plan detains, caused the U.S. economy to feel the shock waves. This move is going to reduce [...]
ShareThe President of United States called for the Congress to over haul the financial regulation of the country with new financial rules. The announcement was made by Obama on Radio and Internet and was aimed more specifically at the movers and shakers in the American government. Obama openly blames the Wall Street for its inability [...]
ShareThe global economy is once again being depended on when the Europeans have cut back on spending due to the weakening of the euro; the Chinese exports will have to be depended upon the consumption of the American population. The old habit of American customers spending huge on products will hope fully sustain the global [...]
ShareWhen a suggestion comes from the world’s wealthiest person, it has to make sense no matter what. The billionaire Warren Buffet has given almost 99 % of his personal wealth to charity and believes that the U.S. economy needs charity from individuals who have more that they need. He attributes his wealth to the “wildly [...]
ShareThe American factories have increased the levels of production to pre recession levels but the consumption and other sources of using these produced goods have reduced. The economists are eager that inflation is not increasing and U.S recovery cannot be lead by manufacturing alone. Growth without inflation is something that the economists have not figured. [...]
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