America in the Worldwide Economy

Americans are faced with having to cut expenses at home as well as in their businesses. If people are living above their means, they need to discover ways of living on less money. The world’s millionaires live below their means and this is how they are able to accumulate so much money. If you are living below your means, you have more money to save. When parents learn to master the art of living on a lower budget, then they can teach it to their children. When children learn this concept at... Read Full Story

Home » Business & Finance » Personal Budgeting/Finance » Personal Debt Management » Managing Debt and Accumulating Assets © Gail Cavanaugh Oct 11, 2008 Recent developments in the national economy have caused Americans to consider carefully how they will manage their money during the next few years. The Symptoms The nation is suffering from the consequences of mismanaged debt on the corporate level and at home. The over indebtedness of the nation's banks due to the sub... Read Full Story

Home » Business & Finance » Consumer Education » Consumer Responsibility » What is it all About and Will We Recover? © Gail Cavanaugh Sep 29, 2008 Once again, we find ourselves in economic turmoil and this time it is much more widespread than it was in previous years. Financial TurmoilThe stock market crashed, banks are slated to fail, and the largest insurance company folded. The world's largest banks are seeking other troubled banks to merge with them. Warren Buffet, one... Read Full Story

Wikizines are interactive magazines that anyone can create or edit - and this one is called "America in the Worldwide Economy". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add... Read Full Story

The US economy is definitely in an "economic downturn" the latest bailout (corporate welfare) of Bear Stearns has to be the biggest cover-up of a defunct financial market in US history. Bear Stearns's capital base of $17 billion had dwindled to $2 billion in cash, and Bear Stearns told government officials that it saw little option other than to file for bankruptcy the next day. Had the government let this Investment Bank go bankrupt the entire banking industry would have stopped dead in... Read Full Story