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Be All That You Can Be…In A Bad Economy
Though it sure seems like it, those seedy financial fissures are the not the only people smiling this week. Reuters reports that the abysmal job market has helped the U.S. military meet all of its recruitment goals in the past year for the first time since it became an all-volunteer force in 1973. Given that…
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Hard Times Spawning Bad Attitudes
For the first time in over a year, the Dow Jones Industrial Index briefly hit 10,000. While Wall Street celebrated, chances are the nearly 1 in 10 Americans unemployed are staring at their computer screens befuddled as the financial industry’s fortune has yet to yield new job opportunities. But, for those unemployed at Goldman Sachs…
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Minimizing The Minimal
If you’re working for minimum wage in the state of Colorado you’re probably waking up with an even bigger frown than usual. The state’s Department of Labor and Employment ordered the wage down from $7.28 to $7.24. That’s lower than the federal minimum wage of $7.25, so most minimum wage workers will lose 3 cents…
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The Payback
In “The ‘Democratization of Credit’ Is Over — Now It’s Payback Time,” Wall Street Journal reporter S. Mitra Kalita takes a hard look at how after decades of legislation making it easier for financial institutions to offer credit to even the lowest income earning Americans, these lenders have pulled back on offering services to the…
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Bank of America: YouTube Rants Work On Us
After making $8,000 in payments on a $30,000 loan and seeing the principal drop by only $1,500, Ben Frasier decided that he had enough and made an offer to Bank of America: He would pay a lump sum of $23,000 and settle the loan. The offer, made via phone, likely got a cackle from Bank…
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The End of Celebrity Fashion?
When I think of most celebrity clothing lines I instantly picture the racks of Ross, Marshalls, Nordstrom Rack, and Off Fifth. Now thanks to the recession I can think of Goodwill. The Wall Street Journal has reported on the downturn in high-end fashion from celebrity-backed brands. According to the trade publication, Licensing Letter, U.S. sales…
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Rappers Hurt, Too
In economic news, ya’ll have finally learned to stop treating credit cards like they’re your own personal sugar daddy and now spend your money via debit cards. Hopefully each of you have mastered the art of not overdrafting and setting yourself up for bank fee hell. It’s probably a good thing, too, because there’s not…
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Have YouTube & The Economy Created Problems For Porn?
These days it’s very likely that you can turn on the TV and catch some sexually-charged ad at a moment’s notice. If you visit entertainment and gossip blogs regularly chances are you’ve seen more shots of vagina than a gynecologist. And one quick search over to YouTube and you’ll find a plethora of wannabe porn…
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Begging To Live
As politicians on both side of the aisle wait on their checks from the pharmaceutical and health insurance companies to clear so they can vote on health care reform there are people out there literally begging for their lives to be spared. Such is the case for Freddie Effinger, who nearly died two years ago…
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And Now A Word From Our VP
Despite unemployment rising to its highest level since 1983 a defiant Vice President Biden assured Americans that recovery will come as he presided over a meeting of the administration’s Middle Class Task Force. Biden acknowledged the Obama administration inherited an abysmal economy, but made it clear that they are determined to turn things around by…
