Financial Crisis

As President Barack Obama prepares to leave office, NewsOne takes a look at some of his most impressive wins.

The national unemployment rate for Blacks fell below 10 percent in the second quarter of 2015 for the first since 2007, reports the Wall Street…

WASHINGTON (AP) — A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. SEE ALSO: Geithner: Obama Won’t Ask Me To Stay For A 2nd Term Why Obama’s Economy Is Built To Last The bailout launched at the […]

PARIS (AP) — European leaders rushed Monday to stop a rampaging debt crisis that threatened to shatter their 12-year-old experiment in a common euro currency and devastate the world economy as a result. See also: Euro Debt Crisis May Cause Global Economy To ‘Face The Worst’ One proposal gaining prominence would have countries cede some […]

In my years as a Financial Planner, I have fielded many questions.  One of the most frequent questions I have been asked is, “What is the best area to invest in this market?” Many state that the equity market is poised for a strong rally in the long run. Others state that the bond market […]

Every successful financial plan needs to have clean credit and a high FICO score.  If we are to see more home and business ownership having good credit is the first step towards accomplishing this goal.  Too many times I have personally seen many opportunities missed because we have not taken the time to “clean” our […]

It seems there is a disconnect from what is being covered by financial news and what the public is really concerned about. You can’t turn on the financial news networks without hearing questions such as the following: “Will the US raise its debt ceiling?” “Will the tax cuts for the rich be extended?” “Will the […]

Unemployment reaches record levels, the housing market is slow, and real wages haven’t increased in far too long.  Many are finding themselves discouraged and losing and faith for a better financial tomorrow.  However, an increased level of faith will allow all of our financial dreams and goals to come to fruition despite this recession. There […]

Detroit automakers got public reassurance Monday from President George W. Bush that short-term government help for the industry is in the works and could come soon.

A House-passed bill to speed $14 billion in loans to Detroit’s automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.

A government “car czar” with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry under an emerging deal between the White House and congressional Democrats.

A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves.