Businesses will be launched by former auto workers, mortgage processors and others 
Traditionally it could be predicted that for every 100 people who join the ranks of the jobless, seven will attempt to start a business. Some find business niches, others invent and still others find a better way to do something markets are craving. Ingenuity [...]

Depression leads to women shopping more
Women seem to shop more when they are depressed because of recession, a new study suggests.
A survey conducted by Karen Pine, professor at the University of Hertfordshire and author of Sheconomics, found that 79 per cent women go on a spending spree to cheer themselves up.

Products bucking the recession
It’s not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves.
Sales of chocolate and running shoes are up. Wine drinkers haven’t stopped sipping; they just seem to be choosing cheaper vintages.
Gold coins are selling like hot cakes. So are gardening seeds. Tanning [...]

The moneyed and those who retire early are likely to live longer, happier lives 
It may not guarantee happiness, but money, it seems, is the key to a long and healthy old age. 
Those who are poorer and less well educated die earlier and develop illness sooner than the better off and well-qualified, a Government-backed study said [...]

Herb Rubenstein, Brent Green, Arjun Sen and Mike Cote at the Startup Junkie Underground
Monday’s Startup Junkie Underground featured ZenMango President Arjun Sen on “Winning Big in a Down Economy.” Sen, bringing experience from retailers including Einstein Bagels and Papa John’s Pizza, began by highlighting the core mantra of his consulting firm: “Guest experience enhancement.” Sen’s [...]

The vast video site is unprofitable.
Since the company’s inception in 2005, YouTube’s popularity has gone viral, with millions of viewers visiting and watching every day.
According to Nielsen Online, YouTube was the fifth-most-popular Web brand in the US, with over 83 million unique visitors in February.

 
A record 4.2% of consumer loans were delinquent at least 30 days
A record number of consumers are falling delinquent or into default on their loans, a problem that some economists say will only get worse this year.

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Mommy, what’s a Ponzi scheme?

 

When it comes to our tax systems, we are living in caveman times

In the movie The Day After Tomorrow, survivors stranded in a library are easily persuaded to burn the multi-volume IRS Tax Code to stay warm. In this fictional scenario, the question one might ask before securing a match: Why did we wait until [...]

 
 Yes, there is still money out there for investment!
Seed capital is the early stage money needed to get most businesses off the ground. It is considered a high-risk investment, but one that can reap major rewards if the company becomes a growth enterprise. This type of funding is often obtained in exchange for an equity [...]

 
 
 Finding your next job on Twitter by Deb Frey
DaVinciDeb: Twenty years ago your options for finding a job were these: pound the pavement, mail a resume or search the classified ads. In the mid-1990s, change first arrived in the form of Monster.com, created by Jeff Taylor, and later with Craig’s List, created by Craig Newmark. [...]

 
 Wall Street Guru Ball
Well so far 2009 looks, feels and tastes a lot like 2008 did. So you can color me unimpressed. But I guess a new year does give a lot of people the chance to turn over a new leaf. And if your new years resolution list happens to include “significantly increase financial [...]

 
Dreams of money can seriously affect your thinking
Like the dollar signs in the eyes of cartoon characters, thoughts of money light up visual areas of the brain, a study has found. An international team, led by California University, has found that thoughts of money light up visual areas of the brain, including a part of [...]

 
So, hey, let’s talk finances. I know, I know, it’s Christmas Eve and you’d rather not look at your pocket book right now. With a gadget like the Supervision, however, you’d really never have to think too hard about personal finance again. It can scan and process your receipts, keep tabs on your bank accounts, [...]

 
 Looks like a calculator, works like a credit card
An Australian technology firm has come up with a unique battery power super card, which they believe can fight online fraud.

 
The world’s largest inflation cycle is about to begin
China on Sunday night announced an aggressive $586 billion economic stimulus package, the largest in the country’s history, at a time when it is struggling with increasing social unrest due to factory closings and rising unemployment.
In a wide-ranging plan that economists are comparing to the New Deal, [...]

 
Hang out where the rich hang out, and you may become one of them
Ever wondered where do millionaires and billionaires of the world network? Many of them may be patronising Facebook and Orkuts of the world, but many others have `exclusive social networks’ that are open strictly by invitation.

The International Monetary Fund has already helped out Ukraine, Iceland and Hungary.
If many more countries need assistance, the IMF may need help of its own.
First it was mortgage lenders. Then large banks began to wobble. Now, entire countries, including Ukraine and Pakistan, are facing financial ruin. The International Monetary Fund is there to help, but [...]

 Pointing fingers in an era of confusion and distrust
The financial crisis has put a spotlight on the obscure world of credit default swaps – which trade in a vast, unregulated market that most people haven’t heard of and even fewer understand. Will this be the next disaster?

For a year, we’ve listened to analysts passionately explain how online ad spending will power through any broader economic and advertising weakness. Eyeballs are moving online, this story went (goes), ad dollars will follow. Online advertising is accountable. Online advertising is the future. Blah, blah, blah.

 
In 1990 the Nikkei stock index dropped almost 20%
The sky over Tokyo seemed to fall in September of 1990, when the Nikkei stock index dove almost 20 percent in one month. Real estate prices would plummet and the financial sector would crack, trapping Japan in a “lost decade” of economic growth. Is the United States [...]

 US President George W. Bush (c), Republican presidential candidate John McCain (l) and
Democratic candidate Barack Obama (r): The crisis is happening while the US is in a political vacuum.
GERMANY: The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is [...]

 
A government in chaos
David Brooks: In 1933, Franklin Roosevelt inherited an economic crisis. He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done.

 
Conspiracy theories, both real or imagined, will soon run rampant
The credit crisis shaking the global economy is forcing a dramatic reconfiguration of Wall Street, where the financial industry in recent years has been driven to take ever-greater risks on increasingly esoteric investments. The fragility of Wall Street’s architecture was exposed this week when two icons [...]

Some billionaires just pack a bigger punch than others
The dotcom boom ushered in the new-age entrepreneurship and with it came a new set of billionaires. Billionaires who have brought their start-ups a long way from their ‘garage’ days. Many of them pioneers in their space, these online companies have today evolved into popular global brands [...]