It is that time of year that I find myself often arguing with debtors about the need to purchase over priced Christmas gifts for their loved ones. The creditors lie in wait in their aisles ready to pounce on unsuspecting consumers,  praying that you will feel like a bad parent if you don’t spend $400-$500 per [...]

Popularity: 25% [?]

Ladies and gentleman, our government consider those to be employed as those who are working either part-time or full time during the survey week. This means that if a person is working once a month and they just happen to be working during the survey week the government and economists jump for joy because the [...]

Popularity: 8% [?]

Let’s consider the formula for unemployment. The unemployed labor force are those who are willing and able to work for pay. Seems simple enough so far but hold on. However, you must have been looking for work in the last 4 weeks.
So let’s say you have been looking for work for the last six months [...]

Popularity: 6% [?]

Unemployment means that you do not have a job or that you are simply unemployed. However this simple definition is not so simple when it comes to theory of economics and calculating unemployment figures. The unemployment rate is a mathematical calculation that is reported as a percentage. That formula is: Unemployment [...]

Popularity: 5% [?]

Why should you care about this? This is just one more sign that you need to start counting your pennies to make it through the tough times that are ahead for the economy. Delphi is having problems finding lenders because the lenders are not willing and are financially unable to take the risk that they [...]

Popularity: 5% [?]

Delphi, a supplier to the auto industry filed for Chapter 11 Bankruptcy in 2005 to reorganize their business in an attempt to survive the flailing economy. In a Chapter 11 case the business must propose a Plan to pay off their secured and priority (taxes generally) debts. The unsecured creditors will [...]

Popularity: 5% [?]