By: Roshawn Watson
In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
Humorous Money News
Business
Another commentary on GM’s demise: “The American people want GM to go bankrupt” “They don’t care.”
Economy
Americans are Finally Saving Money
All it took was a financial crisis followed by a recession to get Americans to start pocketing their cash.
Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?
Investors and oil producers are betting that global demand will roar back, apparently hoping that the recession has already hit bottom.
Medicare and Social Security are in terrible shape. Unfortunately, private-sector health and pension plans are doing even worse.
Trading Down: From Decadence to Discounts
Between 2000 and 2007 the average American increased his personal consumption by 44%. This accounted for 77% of America’s economic growth during that period. Much of it was financed by debt. They blew 20% of this on consumption, 19% on sprucing up their homes and 44% on assets such as stocks.
Leap in U.S. debt hits taxpayers with 12% more red ink
Each US household has a $550,000 federal obligation + $120,000 personal debt
Unemployment in U.S. Probably Surpassed 9% in May: The highest its been since 1983
Entertainment Money News
Money Lessons From Celebrities
Unbroke: Seth Green Teaches Fiscal Responsibility
The world’s top earning models (in pictures of course)
Guess who’s at the top of Forbes Celebrity 100 (hint: It’s not Oprah)
Brandy settles fatal car crash with victim’s kids
Offbeat Money News
Bill Gates Urges Fellow Billionaires to Give Away Their Fortunes
Blogger’s Spotlight
Kyle from Suburban Dollar writes Online Account Aggregator vs. Financial Management Software
Donald Trump blogs about Education vs. Experience