The Latest Debt & Finance Blog

Elisse Walter to lead SEC

New SEC Chairman Will Bring Little Change, Analysts Say

By Bill Fay | November 27, 2012

With Mary Schapiro, the U.S. Securities and Exchange Commission (SEC) chairman, stepping down next month, industry leaders said the choice of Commissioner Elisse Walter (pictured at right) to take her…

Rolling Jubilee wants to pay off debt

The Rolling Jubilee’s Ingenious Plan to Cancel Personal Debt

By Bill Fay | November 26, 2012

According to the Bible (Leviticus 25:10), every 50th year – known as the Jubilee year – is sacred: “It is a time of freedom and of celebration when everyone will…

Credit card balances grow

Credit Card Balances, Delinquency Rates Inch Up in Third Quarter

By Bill Fay | November 21, 2012

‘Tis the season to begin holiday shopping. With the promise of amazing deals on Black Friday just two days away and the opportunity for online shopping on Cyber Monday, this…

Cyber Monday

Consumers Gear Up for Online Shopping on Cyber Monday

By Katherine Pilnick | November 20, 2012

Cyber Monday is the unofficial kickoff to the holiday shopping season. Acting as the online counterpart to Black Friday, it occurs the Monday after Thanksgiving. It is a day for…

Stock market inches up

Stock Market Creeps Back Up as Investors Eye Black Friday

By Bill Fay | November 20, 2012

After a monumental post-election slide, the Dow Jones industrial average started to creep back up this week. Seizing onto hope that Washington will reach a deal on the so-called “fiscal…

Wii U

Nintendo Expects to Lose Money on New Wii U GamePad

By Bill Fay | November 19, 2012

As the holiday season quickly approaches, so does the fervor to track down the latest and greatest in gifts. Countless fans waited in a line three blocks long at the…

black friday image

Black Friday: America’s Holiday Tradition at Thanksgiving

By Katherine Pilnick | November 15, 2012

There’s nothing in America quite like Black Friday. It’s an annual day of overabundant consumerism, a day of great deals and great mayhem. And it’s famous for holiday bargain shopping…

Hurricane

Unemployment Claims Soar After Hurricane Sandy

By Bill Fay | November 15, 2012

Superstorm Sandy left more than wreckage and debris. It left thousands out of work. The number of people seeking unemployment benefits last week shot up to an 18-month high as…

Layoffs

U.S. Economic Growth Questioned Amid Layoffs

By Bill Fay | November 13, 2012

While some economic indicators suggest America is inching toward steady fiscal growth, a growing number of layoffs from companies that range from mom-and-pops to large corporations suggests more problems may…

illustration of dollar sign at cliff

America’s ‘Fiscal Cliff’ May Be a Cartoon, but It’s No Game

By Bill Fay | November 12, 2012

Here’s an image you no doubt remember from your TV watching childhood: Wile E. Coyote chases the Road Runner across the animated desert terrain. Legs churning frantically, the hungry carnivore…

Sources:

  1. Gordon, M. (2012, November 26). “SEC official Elisse Walter chosen to lead agency.” Yahoo News. Retrieved from http://news.yahoo.com/sec-official-elisse-walter-chosen-lead-agency-172959116--finance.html;_ylt=A2KJ3CcN.7RQ7BUA0xnQtDMD
  2. Schmidt, R. (2012, November 27). “Elisse Walter Steps Out of Schapiro Shadow Into SEC Chairmanship.” Bloomberg News. Retrieved from http://www.bloomberg.com/news/2012-11-27/elisse-walter-steps-out-of-schapiro-shadow-into-sec-chairmanship.html