Friday, November 28, 2014 Kislev 6, 5775
Maybe not as depleted demand may mean an increase in prices for this new year
By:
Madalina Iacob, JE Feature
Oil companies around the world are rapidly scaling back exploration and refining plans since the price of crude has plummeted from $147 to just above $40 a barrel over the past four months. With demand slowing, income plunging and credit scarce, prospecting for new oil looks a lot less lucrative -- and is harder to execute. "Everyone is cutting projects,...
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By:
Joel L. Naroff, JE Feature
Will the recession of 2008 be followed by the recovery of 2009? What a year! It began with the economy faltering -- and then got worse. There was a financial panic, followed by the disappearance of a number of major financial institutions. Companies cut payrolls every month, the stock market cratered, and the recession deepened. In other words, 2008 will...
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Many people find gift cards to be a convenient and thoughtful way to allow friends and family to choose their own presents during the holidays. While this may be true, the Pennsylvania Institute of Certified Public Accountants warns of some potential pitfalls to be aware of when giving or receiving a gift card. · Know the seller . If you...
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The Class of '08 finds windows of opportunities not so clear-cut
By:
Adriana Loeff, JE Feature
Anxiety runs high in the Class of 2008, the first since 2001 to graduate into slowdown and possible recession. New grads feel especially vulnerable, since they are trying to break in while current employees are holding tight to the jobs the up-and-comers might fill. Worse, there's growing evidence that the financial consequences of entering the job market during a recession...
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Facing up to the hapless fact of losing your home
By:
Dave Dinkel, JE Feature
The three most-frequently used methods to resolve foreclosure are loan reinstatement, forbearance agreement or loan modification. While there are numerous other specific ways to stop foreclosures, these three are used most frequently. Loan Reinstatement: This is where a lender has started the foreclosure process and the homeowner finds a way to pay back or "reinstate" the entire deficiency owed. The...
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