All Posts Tagged With: "congress"
US Postal Service Down $1.9 Billion
For the first half of the fiscal year, the United States Post Office said they have posted a $1.9 billion loss. UPS (NYSE: UPS) and FedEx (NYSE: FDX) are part of the problem due to the stiff competition but the recession is also to blame for the loss of profits. The US Postal Service delivers [...]
Bankruptcy Cases Up at the End of 2009
While most people felt at least some impact of the recession, reports show that there was a significant increase in bankruptcy filings for both businesses and individuals at the end of 2009. Nearly 1.3 million people filed for protection which is a 32% increase from the first eleven months of the previous year. The National [...]
New Regulations for Gift Card Holders
With the holiday shopping season almost in full swing, the Federal Reserve is set to propose new regulations for gift cards, a $50 billion dollar industry. Many of the gift-card issuing companies have applied fees and imposed requirements that essentially cost the consumer additional money without making a single purchase. For instance, many companies still [...]
Credit Card Companies Hiking Rates Before 2010 Changes
On February 22, 2010, credit card companies will no longer be allowed to suddenly increase interest rates and penalty fees so many companies are taking advantage of the limited time they have left. Lawmakers have been sending letters to credit card companies, asking them to voluntarily freeze their rates until the new changes take affect [...]
Get Cash For Your Old Clunker
The Senate recently passed a ‘Cash-for-Clunkers’ bill which will offer cash vouchers in amounts as much as $4,500 to consumers who trade in their old vehicles for new, more fuel efficient vehicles. The bill is now on its way to President Obama for approval. The President is said to be a strong supporter of the [...]
I agree. If a local business is the one offering the sale price I will buy it from them. ...
We are retired and live on a grocery budget of $200 a month for 2 people in the Midwest. That ...