Drastic Emergency Federal Rate Cut

A video conference between officials of the Federal Reserve led by chairman Ben Bernanke mid-December of ’08 led to a record-breaking reduction of federal funds rate. At a drop of 4.25 to 3.5 percent, it was the biggest reduction on loan interest yet in two decades.

The huge Fed rate cut that was approved by a vote of 8-1 was a move to do something about the global financial crisis and to prevent extensive damage to local and worldwide stock markets. “The world’s stock markets are in meltdown so the Fed came in with an inter-meeting move to try to stop the panic,” analyzes Christopher Rupkey who is senior economist at Bank of Tokyo-Mitsubishi. Another analyst, Lyle Gramley of the Stanford Financial Group says “This move by the Fed was essential,” adding “Bernanke promised in a speech earlier this month to take substantive action in a timely and decisive manner.”

This extreme action which unexpectedly came about in between regularly-scheduled Fed meetings reflects how crucial things are financially. U.S. real estate prices are still falling, unemployment rising and consumer spending weakens even more as the effects of the recent stimulus program wear-off. The emergency cut is expected to lower credit card interest rates, mortgage rates, and bank loans.

Investor speculation in response to this big move by the Federal Reserve officials however may have caused a drop in stock prices in Wall Street. It apparently created further alarm and worry that the economy is worse-off. “This is a whole lot of new information for people to digest,” senior investment strategist David Waddell who is also chief executive of Waddell & Associates said in a recent news report. “Now we need time to sit back … and figure out what it all means.”

Federal Reserve officials don’t plan to stop with this action however- more rate cuts are in the works to ensure lasting economic damage control. Some experts say rate cuts alone won’t “cut it” however. More have to be done to trigger improved consumer spending and boost the ailing economy. According to a chief U.S. economist at Deutsche Bank, Joseph LaVorgna, “It’s a tall order to get (people) to go out and spend again,” adding. “That’s why you also need a stimulus.”

Advisers under the incoming President are expecting a trillion-dollar economic recovery plan under Obama’s term over the next two years.

Tags: fed reserve, federal reserve, federal reserve interest rates, fedreserve, interest rate cut, Interest Rates, interestrate, interestrates, ratecut

Search For Unclaimed Money and Property in Your Name
By Russ D Johnson

The country has a new captain at the helm and Americans are all set to try to shift the country’s economic course the only way they can. A recession has hit the country on both costs and is rapidly creeping-up towards the central states. Countless folks are out of jobs, out of houses and almost out of hope. Even with the hopes of a new, smarter President, it will take a while for the U.S. economy to recover. Americans, regardless of name, are going to need all the resources they have at their disposal to survive these lean times. One possible source of cash that only a few citizens know is state unclaimed money.

Unknown to the general public, the government collects lost or abandoned financial assets from businesses, banks and financial institutions every year. According to the NAUPA, an acronym for National Association of Unclaimed Property Administrators, “Unclaimed property (sometimes referred to as abandoned) refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes” Currently, these are worth roughly $33 billion spread-out among the different State Treasuries and all people have to do is search for unclaimed money by person name.

Quite ironic that in this time of economic strife, people still lose track of their finances and never take the time search for money under their name. These funds sit in banks, insurance companies, various businesses, etc. until their owners remember and come to get them. Otherwise, they’re collected by the US government as State unclaimed property after the specified period of dormancy (3-5 years usually). An excerpt from a press release by Georgia State Department of Treasury Unclaimed Property Unit explains dormancy periods best: “The time that must elapse for property to be determined “abandoned” and turned over to the state varies depending on the type of property. For example, unclaimed wages and company liquidation proceeds must be turned over to the state after one year. The vast majority of unclaimed property must be turned over to the state five years after the last contact with the rightful owner. Time frames for other types of property are: safe deposit box contents must be forwarded to the state two years after the box was opened by the holding financial institution; money orders seven years after the issue date; and traveler’s checks 15 years from the issue date.”

The excerpt from is fairly standard across all 50 U.S. States and most have websites where visitors may search by name to locate assets due to them.

The Unclaimed Property Division in each state takes charge of safekeeping the citizens’ lost assets and locating the owners. Most States keep the funds indefinitely until the owners or their beneficiaries look for unclaimed money by a persons name and realize they’re actually missing money and show-up to collect. However, if you live in Idaho or Indiana, you are urged to search as soon as possible if you have never searched. After 10 years, if the property if not claimed, the state takes possession forever. Currently, time restraints do not apply to some of the more active states like California, Texas, Washington, New York or Florida. All Americans are urged to search for unclaimed money and property in their names each year, and several times per year as funds are added year round.

Unclaimed money and property expert Russ Johnson has been assisting Americans in finding their unclaimed money online since 1997. His sites are http://www.unclaimedmoney.net and http://www.unclaimedfunds.net which are updated regularly with the latest missing money information, news, and direct access to each states official unclaimed funds websites. Mr. Johnson is on a mission to inform all Americans of this little and often misunderstood program overlooked by U.S. Government offices.

Article Source: http://EzineArticles.com/?expert=Russ_D_Johnson
http://EzineArticles.com/?Search-For-Unclaimed-Money-and-Property-in-Your-Name&id=1680802

Tags: search by name, unclaimed money by name, unclaimed money by person name

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$1500 No Credit Check Loans

In today’s tough economic times, most of us are seeking ways to get cash just to get by. $1500 right now can make a big difference RIGHT NOW and if this is what it takes to make your family function, this may be an option to consider. Especially if your credit is not so great.

However, there are cautions as outlined by Sue Taylor of the Pay Day Site. She says “The downside to a payday loan is that rates of interest on this type of loan are generally comparatively high. The lender will either charge a fee or a percentage of the amount borrowed. Like all other types of credit, the cost of a payday loan must be disclosed to the borrower in writing. The finance charge should be disclosed in dollar value along with the annual percentage rate or APR.”

She goes on to say “When you look at this information, you will realize that this sort of credit is indeed a very expensive way to go. For example, you may wish to borrow $100 and write the lender a check for $115 to be cashed in say 14 day’s time when you are next paid. In this case, the finance charge on the loan is $15 which doesn’t sound too bad. However the APR is equivalent to 391% which is extortionate. If you continue to roll the loan over which many lenders will allow you to do, the finance charge will rise accordingly.”

Source: http://www.buzzle.com/editorials/3-29-2006-92244.asp

That’s a bit daunting, but if you fully intend for this to be a short term solution you will pay off quickly, here’s an article from Terry Schmidt on how to best obtain a $1500 no credit check loan.

How to Get a $1500 Loan – Almost All Applicants Approved
By [http://ezinearticles.com/?expert=Tracy_Schmidt]Tracy Schmidt

Emergencies can wreck havoc on your financial well-being, even if you are extremely responsible when it comes to managing your expenses. The fact is most people live paycheck to paycheck and a sudden change in employment, health or any new life events, can have mean not being able to pay your monthly mortgage, rent, car note, child care expenses, etc.

If you find yourself in an emergency and need a short term loan, you can get a cash advance loan, if you have a steady income. Most cash advance lenders do not conduct a credit check so even if you have less-than-perfect credit, you can still get a loan.

Where can I get a $1500 loan?

Consumers seeking cash advance loans, can get loan at a “bricks and mortar” cash store or use an online lender. More consumers are choosing the online option because it’s convenient, requires no faxing and it’s discreet. Everything can be done in the privacy of your home with just a few clicks of a mouse.

Some lenders have low loan limits such as $500, while other lenders offer up to $1500. The amount you can borrow, depends on your monthly income. The more money you earn, the more money, you can borrow. If you choose to use an online cash lender.

What are loan qualifications?

If you use an online short term lender, you must have a checking or savings account so that the lender can directly wire the cash into your account. The expedites the process and you can quickly write checks against your account or take the money out at an ATM machine. In addition to having a bank account, you must have stable employment and a steady stream of income. Usually, most lenders will require you to be employed with the same company for least 180 days or 6 months.

Lastly, you must be at least 18 years or older to get a loan.

Get a [http://www.1500approved.com]$1500 loan in 24 hours or less, online at [http://www.1500approved.com]http://www.1500approved.com. Almost all applicants are approved. No credit check and no faxing is required to get a loan today.

Article Source: http://EzineArticles.com/?expert=Tracy_Schmidt [http://ezinearticles.com/?How-to-Get-a-$1500-Loan---Almost-All-Applicants-Approved&id=1676510 ]http://EzineArticles.com/?How-to-Get-a-$1500-Loan—Almost-All-Applicants-Approved&id=1676510

Regardless of whether of where, you obtain a personal loan, I think it is important to add one final comment from Sue Talor who is a finance expert. She says “It may help to look at the reason why you need a short term loan. Is it because of poor budgeting and not saving any of your income? If this is the case, it may be wise to work out a debt repayment plan with your creditors and work on developing a budget. There are a number of free or low-cost credit counseling programs who will work with you to put together a budget.”

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Is getting paid to shop Truth or Myth?

Answer: TRUTH

It’s true, many companies will pay you, a stranger to the company, for shopping, eating, and more to rate and review their establishment.

They need your input to determine if their businesses are being run properly. You are keeping them on their toes!

As a Mystery Shopper

• You can work full or part-time.
• You determine the hours and days you want to work.
• You can pick and choose only the “jobs” you want to take!
• Flexible schedule and hours.
• You can bring your spouse or your kids on assignments with you.

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Where do you mystery shop?

“Restaurants, Fast Food Places, Golf Courses, Bars, Casinos, Liquor Stores, Movie Theaters, Retail Stores, Online Stores and a long list of others are in desperate need of Mystery Shoppers right now. And as a result of this increasing need, these companies are paying very well for people to come in and enjoy their establishment by shopping or eating.”

Click here >>> Shop Until You Drop…

and then you can get paid to shop, drink and more!

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Tags: mystery shopping, paid reviews, paid surveys, paid to drink, paid to eat, paid to shop

Looking for a free way to manage every dime you own?

Start up company Mint.com has some free software to mange your dollars from 401k’s and stocks, to college funds and more.

Best of all it’s FREE!

Better debt management and planning with Mint.com

Get the full picture

Mint makes it easy to see all your spending on any debit or credit card in one secure place.

Set and keep within a personalized budget

Start on the road to debt reduction with Mint. You’ll see your spending and credit card debt the first time you log in so you can set a budget. Then ask Mint to alert you when you exceed the target for fewer debt planning surprises at the end of the month.

If you are an investor…

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Know your performance

Find out whether you’re beating the market — or it’s beating you. Compare the market value of your investments to the amount of your investment. Or compare your portfolio to market benchmarks to check whether your investment growth is meeting your goals.

Know your returns

Mint instantly shows your asset allocation across all your investment accounts — 401k, brokerage accounts, even IRAs — so you can see how each segment of your portfolio is performing.

Know your fees

Mint exposes fees that are often hidden on statements or buried in the fine print. Fees from investment advisors, brokerages and 401k providers reduce the long term growth of your investment. Eliminate unnecessary fees and you’ll save thousands of dollars for your retirement.

If you are a quicken user, you may compare the differences in them and Mint.com here.

Always on the prowl to find ways to help us find, save and make money online.

Russ

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