When marketing your business on the internet it is important to make sure you are getting the maximum use out of the website. There are ways to make the site more profitable. Networking online involves being able to allow others to network on your site so that they will benefit, spread the word about your site, and gain more visitors, which in turn will result in sales.
Being able to market to others on your site involves knowing your target market and what attacts them. Taking the time to... Read Full Story
Photo by lproleCIT has been unable to convince bondholders to finance more of their debt. This coupled with the fact that investors would lose money on the a pre-packaged bankruptcy, including the U.S., has caused the company to seek bankruptcy protection. The U. S. stands to lose $2.3 billion and opted not to supply more funds.
The only investor which seems to gain anything from this is Goldman Sachs, who will keep open its $2.3 billion loan in spite of the bankruptcy filing. CIT received... Read Full Story
Once again this debate has surfaced, but now the President and a new Merchants Payment Coalition are taking this issue very seriously. The retailers and business owners want the priviledge of negotiating interchange fees with the banks.
In view of the recent new credit card Legislation, this issue will probably not go away. The Merchants Payment Coalition was formed to represent 2.7 million businesses and over 50 million employees in having a voice in the assesment of interchange rates. T... Read Full Story
Photo by WVPressThe debate over retailers’ credit card interchange fees has spurred on several studies on the feasability of lowering the rates and allowing the retailers to negotiat their fees with the banks.
President Obama requested a study of the fees in May when he signed new legislation about banking fees.
The Merchants Payments Coalition is studying the effects of lowering the rates in Australia, Canada, New Zealand, and the European countries. They want the right to negotiate ... Read Full Story
Merchants are currently in litigation over credit card interchange fees, which are the fees that merchants pay in accepting credit card payments at their storefronts. This has been a bone of contention for a number of years. Merchants feel their fees are too high and have a desire to set their own rates for accepting credit cards or to have the rates lowered.
There are bills pending in Congress which would allow he merchants to negotiate their fees with the banks. In the event of a dispute... Read Full Story
Phot by sVilen001The Federal Deposit Insurance Corporation is seeking private equity firms to buy out troubled banks so as not to put an unnecessary strain on their budget.
Many more banks are slated to fail in the coming months because of defaults on real estate loans. It will not be easy to find private equity buyers as many are reluctant to take on the losses of these failed banks.
Out of the seventy-seven banks that have been closed, sixty-nine buyers have been found. The danger of ex... Read Full Story
Photo by Eduard TraqNo doubt you have heard about the debate over whether we are in the midst of another economic bubble. Economists and financial experts say there are ten problem areas for us, and we need to pay attention to them.
Economic bubbles are not a new phenomenon. They have been occurring throughout history aand mankind never seems to learn the lesson associated with them. It seems people are prone to looking for a “pot of gold” at the end of the rainbow only to fi... Read Full Story
As debates occur over whether Americans are responsible for the recessions, opinions on the next ten problem areas are beginning to surface. Read Full Story
Photo by Josh BlakeTeen unemployment has reached an all time high of “25.5%” reports Catherine Rampall of the New York Times, and is having an effect on the clothing retail business. Because teens have less money to spend on clothing, they are shopping around for bargains at some of the lower priced clothing stores such as Aeropostale and Bargains.
Teens are also looking for bargains in the form of coupons and discounts at the high end stores. Many are turning to online shopping... Read Full Story
