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Five months to go for Christmas but till now last year debts are yet to be paid. Then, jobs are few, industries are having tough time, stocks are not doing well either, and no forecast is in my favor. So where is the break that I deserve? Yes, government is helping firms so they can start making those junk cars and start lending huge amounts to people like me who can never pay back. I like that. But, wait, we started talking about what kind of debt I should incur for Christmas. What’s the plan?

What’s the debt level like? According to a data from Godfather Economic Report America’s total debt till starting of 2009 is $57 trillion which is termed as Total America Debt which includes debt of federal, state and local government, households, business, federal debt to trust fund, domestic financial sectors. US personal debt is rising. Debt percentage is going up against the US ...

Visiting places is in our blood – we all enjoy it. Be it the next stop light tiny plaza or Eiffel Tower, the basic goal of having a good time amidst this hectic life is well served. I wonder when pre-humans or humans constantly traveled places in search of food and shelter, what surprises they must have met in daily lives. And surprises are plenty if one lands in India known for its rich culture and established traditions. And, if it is going to be India then Rajasthan, the land of colors and traditions, will be amongst the top choices on any tour of this country of rich culture and tradition.

Rajasthan is the place where you will experience the real historical beauty of India. You will just love the place and cherish the trip forever. It is India’s one of the very famous tourist destinations inviting people from all over the world. This beautiful place is ...

Warmer weather and long school vacations are ahead. This is the time when everyone’s thoughts turn to holidays, if not abroad, then definitely closer to home. However, two new threats to your travel plans are creating consternation worldwide. They are, of course, the recession and swine flu. How real are these threats and how long will they last?

Looking at the recession first, leaders in the travel industry are already seeing reduced numbers of people moving around the world.

Giovanni Bisgnani, director general of the International Air Transport Association (IATA) says: “Like the rest of the economy, recovery in the air transport sector rests on a rise in consumer confidence and consumer spending. Shedding debt will be a major headwind. US households, for example, are leveraged at 130 percent of annual income. Even bringing this down by five percent erases $500 billion in consumer spending. The challenge for governments is to turn stimulus funds into spending that fuels ...

Since last year’s subprime mortgage crisis, which many see as the beginning of the American, and global, credit crisis, the word “foreclosure” has been heard with increasing frequency. Simply put, it means there is insufficient money to repay interest on a mortgage, so the bank steps in to sell the property – usually by auction.

Thus the notion of auctioning property has become associated with “foreclosure” in peoples’ minds, and a thing to be feared.

However, many are coming to realize that selling by auction is an effective method to use when they need a property to change hands quickly and efficiently – and quite unrelated to any foreclosure. As one senior Omaha realtor says: “There has been a myth in the past that auctions are for distressed homes or distressed people. They’re not. They are just a different way to market a house.”

A recent study by a Californian consulting firm has shown that combining a stimulus for ...

Negative equity in the family home has plunged many American households into an insecure financial situation. The subprime crisis has caused the real value of homes to plummet. Mortgages reflect the old value of properties – not their current, significantly lower, value. Owing more than they own, some home owners have opted for bankruptcy, which has become common; and some realtors are looking at earning only a quarter of what they made last year. Many real estate agents are getting out altogether, re-training and moving to other careers, because the real estate market is effectively paralyzed. Similarly, redundancies are scything the ranks of loan brokers; and the effect of the mortgage meltdown is being felt in those jobs associated with housing: construction, trucking, and so on. The property collapse is one of the factors creating the highest unemployment rate in America since the early seventies, according to figures recently released.

The United States has exported the property ...