Economy & Markets

Stop Wasting Your Money!

In this global economic meltdown, everyone is looking for ways to stop wasting money and keep their budgets tight. Consumers should take a long hard look at their expenditures, as there are less obvious but much more expensive money wasters, like bottled water and extended warranties.
Several economists are suggesting that although the U.S. economy is still sinking, the rate of decline is slowing. If this is correct, consumer and business confidence could be boosted, and the stock market helped, thereby leading to further economic improvement.
The Commerce Department reported today that U.S. housing starts increased in February, a 22 percent rise from January. While warmer weather was a contributing factor, it was largely underpinned by a 82 percent increase in new condo and apartment construction.
The IRS will explain today how losses sustained by Bernard Madoff and R. Allen Stanford Victims can be claimed on their tax returns. According to the IRS, these losses are classified as theft losses rather than capital losses, allowing for a larger deduction.
The global economic meltdown has led many car manufacturers to close plants, halt or reduce production and lay off thousands of workers in the industry. As a consequence there has been a massive build up of inventory all over the world, with Nissan, Toyota and Honda being no exceptions to this trend.
Four major restaurant chains have closed their doors as the economic effects of the recession take hold. The restaurants, located on the East side, are in close proximity to one another near Orlando Fashion Square mall. This means that residents and visitors alike in the area, would have much less choice in terms of fare.
Things changed about a year ago. People aren't coming in for spare cash any more. This is financial life and death.
Rifts are emerging as finance ministers from developing countries and major powers prepare to meet in England.
The head of the United Nations agency that promotes responsible tourism said today that leisure travel should be an important component of programmes that aim to reverse the global economic downturn.