Cracking Finance
Your only stop for Business, Finance, Jobs and Insurance news.
Why should we worry about US’s AAA rating downgrade?
As you might be fully aware by now, United States of America has, for the first time in history, lost it’s AAA rating. US has held this rating since 1917. Standard and Poor (S&P) reduced US’s rating from AAA to AA+. This move was made by S&P due to concerns …
Federal Reserve slashes card fees for merchants
For all you business owners with merchant accounts, there is a very good news. The Federal Reserve Board has decided to cut down the fees from 44 cents to 21 cents. The fees that I am talking about are the ones that banks and credit card companies collect for each …
AT&T about to buy T-mobile
Ladies and gentleman, we have a major acquisition taking place at the moment. AT&T, U.S. mobile service, has managed to strike a deal with Deutsche Telekom AG’s T-Mobile worth $39 billion.
This is so far the biggest deal this year and has already gained a lot of attention for numerous reasons. …
How to prepare yourself for another recession
While the worst part of the recession may have passed, the truth is that the American economy is still in deep trouble. Thousands lost their jobs, houses, cars and are still struggling to recover financially and economically. However, I wonder how many of them truly learned a lesson. For many, …
Ernst & Young blamed for hiding Lehman Bros. ill condition
As we know, the recession in United States of America was mainly triggered when one of the most prestigious investment bank, Lehman Brothers, went bankrupt. So far the government has not been able to clearly blame someone for this.
Recently, Attorney General Andrew Cuomo has accused Ernst & Young, a reputed …
Why Are Some Banks Afraid of the Big Bad Facebook?
Last year, a scandal hit the Australian media, which brought into question the important issues of privacy, employer loyalty and ethics, with respect to banking activities and social networking websites. Specifically, one of Australia’s ‘Big Four’ banks threatened to take disciplinary measures against its employees who were found disparaging the …
Millionaires Have Special Australian Visa
A new visa for rich internationals has been launched in Australia. The new “gold ticket” visa requires visitors to have wealth of at least $5-million, in order to qualify and it needs to be invested in specific Australian-based assets like managed funds, government bonds and projects for infrastructure. The money …
Americans resolve to improve their financial fitness in 2013
Personal debt problems are scary no matter where you live. Whether in the United States, Britain or the United Arab Emirates (UAE), unmanageable debt reduces the quality of everyday life to almost zero.
Yet, as we slowly sink in despair, it seems we’re surrounded by credit card offers and personal loan …
Good News for Kiwis with Aussie Superannuation
There are currently thousands of New Zealanders who have retirement savings accounts in Australia and, up until now, they have not been able to access them. Australia’s superannuation minister Bill Shorten has announced plans for a trans-Tasman scheme in Australia that will match the retirement savings scheme that was initiated …
Tips for Making Your Innovative Business Succeed
To start a business two decades ago you needed an idea, an initial investment for hardware, staff, location, and promotion, as well as a clear managerial head to make all these elements come together into a coherent whole which could be called a business. Nowadays, the focus is on that …
Insurance Companies Positive about Rebates
In the wake of the private health insurance rebates which came into effect in July this year a number of insurance companies have reported solid growth and profit margins for the financial year ends with the majority of them considering the means testing a positive climate for business development and …
Starting and Funding Your Own Part-Time Business With Payday Loans
Payday loans, which can be acquired from payday UK lenders, can be used for many things, from paying off bills to buying groceries to funding investments. The list is almost endless of all the things you can use a payday loan for, because these loans offer you as much as …
Get More Money With Payday Loans
If you asked a room full of people what it is they wish they had more of, in most cases they would respond that they need more money. Money is an elusive asset in this day and age, and people are finding it more and more difficult to get by …
How to Stay Healthy and Insured in Australia
The Australian health insurance system is fairly complex and can prove difficult to navigate, especially for new citizens, who soon come to the realization that the state health cover has got them covered for… well, not that much really. In a nutshell, the public health system called Medicare will provide …
D Day Looms for Payday Lenders
The latest reforms to “payday lending” or short term loans have become a hot topic with opinions divided over what it means for the credit-seeking consumer. Recently news emerged that small loan borrowers were being levied as much as 1,000% on these small payday loans, which prompted government to intervene …
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