Banks are considering capping debit card transactions at $50 to $100 per transaction due to one of the new regulations that is most likely coming from the Dodd-Frank act. The regulation will limit the fee banks can charge for debit card transactions to $.12 instead of the average fee of $.44. Banks argue they need the higher fees to help offset fraudulent losses and to
I wonder if this is a sign of things to come for public pensioners around the country. Prichard Alabama quit paying out benefits to all of it’s retirees in 2009 against state law. So far, no one has forced the city to start paying benefits again but there are lawsuits. Unfortunately a number of people have died since the benefits stopped, including the retired fire
I’ve been watching all the tax cut coverage over the last month or so and was actually surprised that they came up with a compromise. A compromise that I think is a pathetic cop out from all parties involved. Farm animals could have completed that deal so it’s not quite what I would like to expect from my politicians. I better stop at that so
I’m sure this isn’t the last article we’ll see with tips on jobs you can do when you would ideally be retired. With the sorry state of retirement balances for the average citizen it’s no surprise that more and more people will be looking for ways to supplement their income in their golden years. Not everyone will need to find that part time job in
In a sign that there are plenty of people out there desperate to pay the bills, 70 year old Sandra Bathke has been arrested for robbing the Elysian State Bank. She allegedly told her driver that she needed to stop by the bank to make a withdrawal to pay her rent. Needless to say, it didn’t go quite as she’d hoped and now she’s charged
Wow, just wow. Check out the unemployment rates by age, sex and race as of Nov 2010. This is not a good time to be a black youth between the ages of 16-19. If you are, you are facing an unemployment rate of 48.4%. Here are a couple highlights: White male over 20: 8.6% White female over 20: 7.2% White youth between 16-19: 20.8% Black
Holy Sheet. The fed made $9 trillion in emergency loans during the financial crisis. That’s a lot of money: http://money.cnn.com/2010/12/01/news/economy/fed_reserve_data_release/index.htm
I keep seeing that question around the Interwebs. It seems there’s a full scale assault on getting a college education these days. While I’ve seen a number of examples where a college degree hasn’t paid off, I believe the majority of people with college degrees have benefited from them. Of course every situation is different and we all have our own experiences, so what better
Have you ever read about the Great Depression on the Wikipedia site? It’s actually quite interesting. It’s incredibly hard for me not to draw comparisons to our current “Great Recession†which I think will ultimately be renamed the Second Depression, but I guess history will determine that. Anyway, what I find most interesting is that the causes and solutions for the Great Depression are very
Fascinating. I stumbled upon a chart that Gizmodo has from the Bureau of Labor Statistics showing various jobs and the percentage of people in those jobs that have college degrees. Some of the more interesting ones: 13.74% of parking lot attendants have a bachelors degree 29.80% of flight attendants have bachelors degrees 24.61% of Amusement and recreation attendants have bachelors degrees (really????) 21.62% of Customer