Obamacare’s effect on low-wage workers
Before Obamacare, American healthcare was out of reach for most low-income citizens. Obama implemented a new system in which government sponsored healthcare could cost anywhere from 5%-10% of a person’s total income. The average American restaurant workers’ salary comes in at a mere $21,000. Even 10% of this, $2,100, could be too much for a ...
Learn how to make Extra Money with the Stock Market to pay off Loans
The economy isn’t doing too good these days. Inflation is through the roof, people are having a difficult time finding a job, and businesses are not hiring. Most Americans are living paycheck to paycheck, and having to shuffle their bills around paying only the ones that they must and putting off paying the others until ...
A Paperless World With Internet Checking
They can put a man on the moon, but they still cannot figure out a way to make banking fun. Bills have to be paid, finances have to be managed, and no matter how long you have been able to put it off, sometimes you still have to run down to the bank to make ...
Isis Mobile Wallet to Debut Next Week
Never heard of Isis? Well, get ready to start hearing the name quite often. Isis is a mobile commerce network that was founded by the wireless giants that we know and love; Verizon Wireless, AT&T, and T-Mobile. Isis is also backed by Chase, American Express, and Capital One.
With such heavy hitters in their corner, Isis ...
3 Ways to Remember to Pay Your Credit Bills
Paying your credit card bills is an important step toward financial health because late payments can have a severe effect upon your credit rating. Staying on top of your payments is the best way to prevent a bad credit score in this instance. Following these guidelines can help you to reduce the chances of coming ...
Is Cash Obsolete?
Starbucks recently partnered with mobile payments processor Square to utilize a smart phone app that enables customers to pay for their drinks.
According to Starbucks CEO Howard Schultz, "The consumer is going through a seismic change in which cash, over time, is going to be obsolete." Is this necessarily a good thing? Obviously it's unsafe ...
How Knight Lost $440 million- in less than an hour
Knight Capital Group faced a loss of $440 million in stocks and bonds on August 1, one of the biggest losses ever recorded. How did this happen?
Sources say that when the New York Stock Exchange switched to a new trading system that was based on an algorithm designed to take business away from large firms ...
Low Growth Rate in US
Last Friday, the Commerce Department disclosed that the annual growth rate during the second quarter was 1.5%. The growth is positive in 12 consecutive quarters, but “too low to make a serious dent to unemployment”, according to IMF.
The weak growth might be due to the slowing down of consumer spending growth, continuing government spending cuts, ...
Merchants’ Credit Card Conundrum
The settlement of a lawsuit against Visa, MasterCard and 13 big banks enables merchants to add surcharges when customers pay with credit cards. However, not all the merchants are willing to charge the “swipe fee”.
Admittedly, credit card surcharges can offset the rising “swipe fees” for merchants. It’s true that merchants might feel uneasy when customers ...
Group of Seven Reviewed Fiscal Union Progress in Europe
On Tuesday, Group of Seven finance ministers and central bank governors reviewed developments in the global economy and financial markets as well as “the progress toward financial and fiscal union in Europe,” according to the U.S. Treasury Department.
“The G-7 counterparts reviewed developments in the global economy and financial markets and the policy response under consideration, including the progress ...
