Personal Finance

The US does not need an experiment with a flat tax. A careful study of countries that have embraced a flat tax system demonstrated three main pre-conditions that required a flat tax; none of which the US has. Adopting a...

We, as a collective society, have to shoulder some of the blame for financial crisis as we essentially allowed Wall Street and our policymakers to run the global economy into the ground while we slumbered in blissful ignorance of their...

 23 September 2011. Sir John Vickers recently unveiled the Independent Banking Commission’s proposed reforms for the United Kingdom’s bloated and dysfunctional banking sector. In the 358-page article, neither the words “ethics” nor “ethical” are mentioned once. Is it any wonder...

Earlier this month, the former CEO of Yahoo! was unceremoniously removed by the company board, via a telephone call. Many have questioned and wondered if it had anything to do with the fact that Carol Bartz is a woman; if...

  16 September 2011. In 2008, the Bank of America (BoA) purchased Countrywide Financial for US$4 billion. However, in the aftermath of the housing bubble bust, the purchase of Countrywide has already brought losses in excess of US$30 billion to...

  What does everyone need to know about the debt crisis and how can you beat the bad economy? FOX Business Network stocks editor and reporter Elizabeth MacDonald has been closely monitoring the debt crisis currently enveloping the United States....

29 July 2011. 29 July 2011. Who really got us into this mess? In Wall Street, in the City, in the corridors of Whitehall and Washington DC, and in the Berlaymont Building, it's quite common for the general public to...

They earn, they invest and they splurge. Only that they do so more ostentatiously and extravagantly. They are the ultra high net worth individuals, or more conventionally – and civilly – known as the millionaires. They may have disappeared from...

It’s already June. Where has the year gone? For some who’ve made personal finance and investment goals to grow rich this year or increase your company profits by tenfold your New Year resolution for 2011 – you might start to...

22 June 2011.Illegal sports’ gambling exists all over the world. Even in the US, most sports gambling is still controlled by the mafia. It is a multi-billion pound industry and the profits for organised crime are comparable with the drug...

  13 June 2011. There’s a really easy way to find out if an issue or  topic is being widely talked about by the general public. Go to Google, search the keywords, then gaze in wonder. Somehow Google is able...

8 June 2011. Money laundering is a massive global problem. It allows criminals to infuse billions of dollars of black money into the stream of commerce and business, corrupting financial institutions and officials. However, the precise scale of money laundering...

3 June 2011. House prices in the US are crashing again. With 18 million households across the country on the verge of defaulting on their mortgage, how will the fall in house prices affect your mortgage? Related Article: US House...

27 May 2011 Credit card companies are battering consumers across the board with monstrous fees, high interest rates and disappearing rewards. If you signed up for a credit card in the past year, the chances are - you've been ripped...

23 May 2011. Unacceptable unemployment figures is the top concern of EconomyWatch readers, and who’s to blame them? The US, as well as other countries hit badly by the 2008 financial crisis continue to struggle bringing unemployment levels back to...