While life seems to be getting back to normal for some, many American families are still facing tenuous job situations, lowered salaries, businesses that are struggling, and sadly, many have no job at all.
Economic experts are all over the map this week. CNN Money is wondering if the recovery will turn into a recession in this article, with a focus on 6 double dip warning signs.
The London Financial Times is a great resource to peruse to see what Europe is saying about America. They have a room with an entirely different view! Here is an article on the US debt, and how that may impact ordinary Americans.
I was at two different ladies events this weekend, and as you know, ladies talk. A “surprising” amount of chatter is still going on about jobs, you know, the things that fuel the bank accounts of regular people. People are STILL struggling. For most, the JOB matters, not the DOW.
This article summarizes it well and is worth reading. Makes me wonder where we are headed.
While the news is continuously down and out, the recession is dragging on, this week Buffet said the US is a mess, there ARE some folks out there that are making a GREAT success out of it! Here are a few stories to encourage you!
CNN Money has a great set of folks “Recession: I’m Loving It!” They also ran a great artice on how a stay at home mom (fired from her job) turned her layoff into a 6 figure income! Great article!
Another article on a girl who grew up on a dollar a day in Africa, and how she is helping businesses soar in America!
Do these examples cause you to think about what you can do?
How can an economics writer for the New York Times, who wrote on everything from the Europe and Japan’s financial meltdowns in the 1990’s to the dot.com crisis in 2001, and who was cranking our stories on the upcoming mortgage debacle before it happened, fall? Great article on one family’s descent into the credit crunch and how it happened.
You may have to log in to the NY Times to read it (giving your email addy)- but it is well worth it.
As Americans struggle to pay their bills in this recession, credit scores are falling. It makes total sense, we are in a whole new world, swirling with choices we are not used to making. When you lose your job, the experts say the first thing you SHOULD do is food/shelter/transportation, and that can mean dropping the credit card bills for a month or two.
Better to lose your credit card priviliges than your home or car, although most people want to guard that credit score above shelter and food. Conditioning.
Read the article here.
What a changing world we inhabit. This recession is affecting even the Amish communities scattered about America. Famed for their hard working lifestyles, beautifully handcrafted furniture and taking care of their own. This recession is hitting the Amish hard enough that the church had to allow parishioners to begin accepting unemployment checks.
Wow. To read more, go here.
Everybody could use a good dose of encouragement. UNemployment numbers are up, people are being laid off, are struggling, fear is running rampant in households.
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And as we all debate whether CEO’s in the PRIVATE SECTOR should get highs salaries, our presidents perks are interesting! At first, limiting salaries sounds great. But then, as you step back, you have to ask yourself, in a GLOBAL economy, do we want the young new president dictating salaries? If we cap salaries at 1/2 a million, and they can make their OLD salary in China, Japan or Russia, why stay here?
Hope this encourages you!
Great CNN iReport story about a woman who had some Dave Ramsey advice for her husband!
Donna LeBlanc gave her husband, a former restaurant manager, the stark ultimatum: become a pizza delivery man or their family “wouldn’t make it.”
Wow - refreshing, candid and a great story! Bottom line - THEY MADE IT THROUGH A LAY OFF!