Personal Finance

21 May 2011. In the US, consumers and households are dangerously in debt. Even after the catastrophic financial crisis in 2008, it seems in 2010 lessons from past mistakes have not been learned and taken on board. The Federal Reserve...

You know, I’ve heard about personal loan offers and promotions but never looked into one. This week I wondered, what’s the difference between a personal loan, a cash loan and a plain ‘ole credit card (apart from the fact that...

27 April 2011.Standard and Poors' decision to cut its outlook for US debt to “negative” came as a surprise to many market watchers. The unprecedented move has reaffirmed the role rating agencies have in determining the prospects of national economies,...

  Are You Careless With Your Cash? You’re Not Alone. Credit: emdot 23 April 2011.   Are You Careless With Your Cash? You’re Not Alone. Credit: emdot 23 April 2011. Let’s face it, we all have our bad money habits...

Beat The Banks At Their Own Game Credit: reallyboring 16 April 2011. Beat The Banks At Their Own Game Credit: reallyboring 16 April 2011. Banks and credit card issuers have long been under the spotlight for mercilessly adding unfair fees...

8 April 2011. You can be in a relationship and still be single, financially. Couples in long term and serious relationships who put off marriage for their careers and a myriad of other reasons, don’t think twice about neglecting to...

11 March 2011. 11 March 2011. As Michael Moore recently pointed out, America is not broke, it is just that the rich are getting richer. Everyone else faces stagnating or declining incomes – if they are lucky enough to have...

1 March 2011. India’s 2011 Union Budget was announced yesterday by Finance Minister Pranab Muhkerjee. The good news: no big changes in headline rates of taxation. The bad news: no big changes on outstanding reforms. However, Mukherjee continues to show...

 16 February 2011. Liu Yang, a coal miner’s daughter, arrived in Beijing this past summer with a freshly printed diploma from Datong University, $140 in her wallet and an air of invincibility. Her first taste of reality came later the...

15 February 2011. Here at EconomyWatch, we consider micro-credit to be a key issue in one of our main concerns: the impact of world political economy on ordinary people's lives. We have looked at the situation from the perspective of...

25 January 2011. Mumbai's Ambani family -- founders of Reliance, India's largest and most powerful company -- has long been known for its "larger than life" story / ambitions / and success. And now that quality has been embodied in...

25 November 2010. This must be what they mean by "trickle down" economics. Two years after the onset of the financial crisis, Wall Street’s moneyed elite are breathing easier again. And this means they are spending again — at times...

The recently published World Development Report 2007, which largely concentrates upon investing for human capital (Youth) is really a challenge on the part of developing nations over the world constituting 1.3 billions of young peoples. It is the lack of...

A credit card is a payment method by which a cardholder pays for goods or services on credit, thereby creating a debt upon purchase. The allowed amount borrowed depends on the user's credit rating, and banks charge monthly interest rates...

The Banking Industry was once a simple and reliable business that took deposits from investors at a lower interest rate and loaned it out to borrowers at a higher rate. The Banking Industry was once a simple and reliable business...