Financial News – Blog articles

How Much Will No State Income Tax Help LeBron in Miami?

Written on July 8, 2010 – 9:36 am | by Victoria Williams

Running a personal finance site doesn’t allow me to write about current events all too often so allow me to hop on the LeBron to Miami train and throw a personal finance twist on it.

We’ve heard multiple reasons for LeBron’s final decision to head to Miami – playing with some of his best friends, living in South Beach, warm weather, being around Pat Riley, a team that has won recently won a championship – and an unusual one: no state income tax.

So what exactly does Florida not having state income tax do for LeBron?

The answer is surprisingly huge.

What Is State Income Tax?

It’s exactly as the name sounds – a tax on your income from the state you reside in. Currently, th

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Debt and the Credit Crisis

Written on July 5, 2010 – 2:17 am | by Barbara Sermons

The last recession that our country experienced was, in truth, a mild one. The stock market and many corporate profits began to tank, but consumer spending seemed to dance merrily on through the recession without as much as a scratch. Consumer spending has long been the major engine driving the entire United States economy, which is why it is so vital that this facet of the economy be untouched even by the roughest recessive activity.

In recent decades, recessions have been like this, Bearish analysts as well as strategists have been grossly underestimating the voracious spending habits of the United States consumer, as well as their overall resilience.

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Amity Foundation’s 10th Annual Celebration of Freedom Announces 2nd Chance Federal Grant Award

Written on July 4, 2010 – 7:27 pm | by admin

LOS ANGELES, July 3 /PRNewswire-USNewswire/ — Amity Foundation’s 10th annual 4th of July ‘Celebration of Freedom’ will recognize and honor numerous community leaders and contributions to the Los Angeles area.  City Councilwomen Jan Perry on behalf of the City of Los Angeles stated, “I am pleased to recognize and congratulate Amity on your Celebration of Freedom 2010.  The dedication to the Amity Mission of assisting families marginalized by addiction, crime, incarceration, poverty, racism, sexism, trauma and violence helps to further the common goal of making the City of Los Angeles a better place.”  The Celebration will be at Amity’s downtown campus, “Amistad” at 3750 S Grand Ave, Los Angeles, CA. For more information about the Celebration: 213.400.4243.

Among notable recognitions there will also be two Key Announcements. Th

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The Pros & Cons of Credit Unions

Written on July 4, 2010 – 11:06 am | by Victoria Williams

Have you ever read a Yahoo! article about personal finance and looked at the comments? There’s usually one crazy person who swears off everything about banking or investing and claims the world is ending so they’ve strapped their life savings to the floorboards in their kitchen.

Banks that are FDIC insured provide security up to $250,000 so it’s a good idea to hold your money in a bank, but people are often surprised to learn there are alternatives to using banks. They’re called credit unions.

Credit unions get a bad rap because the name has two words with negative connotations – credit and union. In reality, credit unions are one of the most pro-consumer entities in the community today. A credit

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Daily Market Commentary for June 29, 2010

Written on June 30, 2010 – 1:20 am | by William Machen Economic Reports

Stocks fell drastically today as Asian markets tumbled overnight, and as today’s economic report on consumer confidence disappointed. Asian markets fell over 1% after forecasts for China’s economic activity level was revised lower. Conference Board downwardly revised April’s leading economic indicator for China to 0.3% from 1.7%. Also helping with the steep decline in the Asian market was reports that Japan’s industrial production contracted 0.1% in May. Investors fear that European banks won’t be able to repay the European Central Bank this Thursday, and predict it will continue to drag the markets down.

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