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Greenfield, MA. Wal-Mart Returns With Slightly Smaller Store |
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Written by Al Norman
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Sunday, 15 August 2010 |
Wal-Mart hates to give up on any chance to make a few extra bucks, and the retailer has been known to become fixated on entering certain markets, even in the face of earlier rejections.
This is the case with Greenfield, Massachusetts, where the company lost a rezoning battle 17 years ago, but never gave up the dream of dominating this small rural trade area. |
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Written by Dennis Walsh
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Thursday, 30 April 2009 |
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Record level of inventory liquidations in the 1st Quarter of 2009. While the immediate effect of this is a lower 1st Quarter GDP number, it is good news for long-term growth. Companies must first liquidate their existing inventories before they can move forward. |
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Written by Dick Starkey
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Saturday, 07 March 2009 |
A recent item in the Christian Science Monitor was entitled “A year when savings trumps investing.” A New York Times article published in January was entitled “China Losing Taste for Debt from the U.S.”
It is no secret that China holds a lot of U.S. debt, according to some figures 22%. I’ve heard as high as 40% but that may reflect the fact that 44% of our national debt is owned by other countries. The Bush administration left office with over 10 trillion dollars. With the continued cost of our wars in Iraq and Afghanistan this number is bound to rise. When you add the cost of the economic stimulus packages and the 2010 budget we are the Treasury Department is going to have to borrow a lot more money. At the end of the Federal Fiscal year, Sept. 2008, interest expense was $451,154,049,905.63. Thru January of this Fiscal year the number is $138,450,208,820.69. Who was it that say, “A dollar here and a dollar there and soon you’re talking real bucks.”
With other countries, especially China and Japan facing their own economic problems, the cost of interest on Treasury Bonds will probably have to rise. Recent Treasury Department bond auctions have witness slight declines in the discount rate. Overall the Federal Reserve sees a continued increase in the interest rate for Treasury bills. All of which takes us back the Monitor story. For those of in our midst who fortunate enough to have a few extra dollars it might be well to think about a solid form of savings, investing in U.S. Government bonds. It is probably a safer bet than the current stock market and just might help our country. |
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Helping Your Kids Recover after a Major Money Mistake |
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Written by Ed Sabelawski
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Thursday, 19 February 2009 |
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The average college graduate is $20,000 in debt,and today’s young adults are clearly exposed to more opportunities for self-directed financial disaster than any group in history. Despite the current credit crunch, credit cards are still a common way most young people afford their new adult lifestyle, and rising costs on everything from rent to gasoline presents deeper challenges. So it happens. Your kid gets in trouble with those credit cards, loses a job, or can’t find a job to pay the sum total of the rising debt he or she has. What can you do? Make sure you can afford to help: It’s tough to say no to a financial bailout for your kid, but depending on the level of trouble he or she is in and your own financial responsibilities, you may need to. |
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