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Why rural banks are sometimes a better source of credit
Posted on October 23, 2013

There was a time, not so long ago, when most banks were local. Until the early 1980s, most people conducted their financial transactions at a bank that was chartered and owned in the county in which they lived. As a result, these financial institutions were of the “small” and “local” variety (source). Enter the deregulation [...]


Unemployment up as a result of government shutdown (but other factors are in play, too)
Posted on October 11, 2013

The government shutdown has already begun to take its toll on our country in a number of ways, including the unemployment rate. First-time unemployment claims made a definitive and rapid jump during the first full week of the shutdown. Specifically, almost 375,000 people filed for their first week of unemployment benefits during that week. That [...]


US Postal Service defaults on $5.6 billion retiree benefit pre-payment
Posted on October 4, 2013

Even if the United States Postal Service is able to push through its proposed three cent price hike, it won’t be enough to make up for the gigantic shortfall that recently came due – and the USPS was unable to pay. Postmaster General Patrick Donahue warned everyone that they would be forced to default on [...]


Protect your financial and credit card data from hackers
Posted on October 3, 2013

Even if it hasn’t happened to you, chances are you at least know someone who has been the victim of a computer hacker. These days, you can’t do enough to dissuade a potential identity or credit card number thief! Those who are not computer savvy (or just don’t think about it much) are currently doing[...]


You know who you are ... but does Big Data?
Posted on October 2, 2013

"Big Data" is defined by Wikipedia as “the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications.” One of the “Big Data” files floating around out there in cyberspace is all about you. We imagine you’ve heard [...]


Chew on this: Your dog could affect your homeowner’s insurance rate
Posted on October 2, 2013

Most dog owners know exactly why they’ve been given the moniker of “Man’s Best Friend.” But recent findings suggest they are also one of “Man’s Greatest Homeowners Insurance Liabilities.” The Insurance Information Institute (III) recently released some alarming data. Their research shows that over the last decade, while the number of homeowner’s insurance claims due [...]


It costs HOW MUCH to raise a child?
Posted on October 2, 2013

Have you ever thought about how much money it takes to raise a child from birth to age 18? If you’re a parent you probably have, but you might not have been able to put a dollar figure to your question. Now you can. The United States Department of Agriculture has released some new data [...]


The Average American Automobile is Now Older than Ever
Posted on October 2, 2013

If you’re one of those people who is currently driving an older car, you may be feeling self-conscious as you navigate your way down the road. But if you stop and take a closer look, you may very well find you’re not the only one driving a “mature” automobile – not by a long shot! [...]


Can you find a job? Yes. Can you find a GOOD job? Maybe not.
Posted on October 2, 2013

Is the economy turning around? Is the job market getting better? On the surface the short answer is yes … but when you take a closer look, your own answer will depend upon your viewpoint of the topic. The unemployment rate dropped in July, (source) and July was the 34th consecutive month the job market [...]


Bernanke's legacy will include more communication than his predecessors
Posted on October 2, 2013

It seems like Ben Bernanke believes the old saying, “Knowledge is power.” When his term as leader of the Federal Reserve is up in January 2014, one of the things people will remember most about him is his willingness to disseminate more information to the public than any of his predecessors (source). Want examples? He’s [...]