Today, we’ll continue in our series on growing economies by analyzing Chile’s economic landscape – the opportunities, government incentives to producers, fastest-growing industries, and what the future holds.
Regardless of one’s opinion on Ben Bernanke, there is no denying the extraordinary impact he has had on the Federal Reserve since taking over as Chairman in 2006. A case can be made that the very nature and scope of the Fed has changed under Bernanke’s stewardship. Originally envisioned as a politically neutral institution meant to contain systemic risks and head off banking panics, the Federal Reserve has taken a considerably more “hands-on” role in the economy of late.
Last July, we examined the California budget crisis, explaining the state’s massive $26.3 billion budget deficit as a result of borrowing against anticipated future revenue to meet current budget requirements. Today, we look at the fallout of that decision and what it means for Californians.
First came online banking which allowed you to pay bills, examine account balances and transfer funds with the click of a mouse. With the widespread use of smartphones and the arrival of mobile apps, it is now possible to do all of your banking from a mobile phone.
Local economies are historically the biggest victims of recessions. When the market takes a turn for the worst, it is local shopkeepers, restaurant owners, hotels and other merchants who feel the squeeze most personally. Accordingly, most cities are eager for any economic stimulus they can get. Over the years, one of the great economic boons to any major town or city has been major sporting events.
Despite being all but irrelevant to the world economy just two decades ago, India has clearly become a force to be reckoned with on the global stage. Continuing our series on growing economies, we’ll look more closely at India’s economic landscape – the opportunities, government incentives to producers, fastest-growing industries, and what the future holds.
As the victims of sudden interest rate hikes, strict enforcement of overdraft fees, “due date roulette”, reduced credit limits and universal default, bank customers are mad as hell and they aren’t gonna take it anymore. In anticipation of credit card reform, here’s how they are striking back.
With 2009 mercifully behind us, believers in a bounce-back 2010 are staking their hopes on the “January Effect.” The January Effect, for those new to the concept, refers to how securities prices tend to rise in January. The main characteristic of this phenomenon is a rush to buy securities before the end of the year for a lower price, speculating that the price will go up in January, and then selling for a profit.
With 2009 behind us and a new decade ahead, savvy investors would do well to study which stocks turned in the strongest performances in the last decade. Throughout the tech crash, 9/11, Hurricane Katrina and the global financial meltdown, a handful of resilient stocks not only held their own amidst adversity, but actually outperformed the entire market from 1999 to the present. Various financial publications have tallied up the winners. Today, we’ll explore how these companies maintained their high share prices throughout the 2000’s, including acquisitions, market forces and well-timed product launches.