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December 19, 2005
'Tis the Season To Be Frugal
Mixed in with the millions of holiday cards to be opened this month will be small white envelopes stuffed with some very unfestive surprises. Credit card bills, once cheerfully polite in their requests for a mere $10 or $15 each month, will start abrasively demanding much higher minimum payments in December and January. The move is pinching shoppers’ wallets, and sparking uproar among consumer advocacy groups.
Posted by Michelle Smith at 10:08 AM | Comments (0)
December 09, 2005
Greenspan's Answer to the Big Puzzle
A big puzzle debated among economists today is why the United States' gluttonous trade imbalance with foreigners (technically referred to as the current account deficit) has not yet squashed the value of the dollar.
Lucky for them, hero and idol Alan Greenspan has come to save the day. (Yet again.)
Posted by Michelle Smith at 07:49 AM | Comments (0)