Top Australian CEOs snub Government wage freeze plan

In the week following the Fed's first rate cut, some $57 billion moved into money funds, and recent trends are showing no signs of slowing.

That money hardly has attractive rates. Money Fund Report shows the average money-market fund has a yield of 3.17 percent; competitor Crane Data shows the average rate on the 100 largest money funds at 3.66 percent.

Officials at both of those research firms suggest that eventually the average money fund will yield about 2.5 percent.

With inflation standing at 4.1 percent, as measured by the Consumer Price Index in 2007, that's a problem.

Risk comes in many different forms, but the one that many people are most fearful of is market or principal risk, the chance of losing their money in the stock market. read more

Consumers, Credit, and Complications

Summary: Business finance is a part of business activity and you cannot do away with it. There are various types of commercial loan plans available in the market and you should choose one according to your immediate requirements.

Very often, the beginning of a business project gets into trouble because of the scarcity of funds. Most businesses start with a limited amount of capital, often contributed by the business adventurers ready to take risks and come out with something new. As the business needs grow, you need to build creditworthiness in the market so that large amount of money can be raised on easy terms.

read more

Rate cut may spur 're-fi boom'

I don't want to say we're going into a recession, but if I was a betting man I would say we're going into a recession, Beverage said. The size of consumer debt right now is almost scary. Last year, 8,748 bankruptcy filings were recorded in Oklahoma's three federal districts. That was up from 6,669 filings in 2006. However, totals in earlier years were much higher. In 2004, the last full calendar year before the major changes enacted in bankruptcy laws, 26,348 bankruptcies were filed in Oklahoma. Nationally, consumer bankruptcy filings last year rose nearly 40 percent over 2006, according to the American Bankruptcy Institute. The roughly 40 percent spike in consumer bankruptcies during 2007 presages even higher filings this year, as the heavy consumer debt load is made worse by the home mortgage crisis, Institute Executive Director Samuel J. read more