Thursday, April 9, 2009
For more Americans, quality time with loved ones is more important.
According to a new study by the MetLife Market Institute, 86% of Americans aged 45-74 say spending time with family and friends is more important to them. That finding brought the researchers to the conclusion that "living the good life is not as closely associated with material wealth as traditionally thought."
Yeah! It makes perfect sense. With most American broke, jobless, and their dream homes taken away, all they have left is that uncle that used to annoy the hell out of them around the family Thanksgiving dinner, or that old pal that used to drop by unannounced.
Original reporting in IBD.com
Yeah! It makes perfect sense. With most American broke, jobless, and their dream homes taken away, all they have left is that uncle that used to annoy the hell out of them around the family Thanksgiving dinner, or that old pal that used to drop by unannounced.
Original reporting in IBD.com
Labels: Economic Crisis, MetLife, quality of life
Monday, March 2, 2009
White House orders stress test for nation's banks.
According to the NY Times, the Obama administration ordered the nation's 19 biggest banks to undergo a new stress test to check whether they could hold up if the economy deteriorated further.
The new test is meant to gauge the likely hood of a bank being capitalized enough under the harshest economic conditions. If not, a bank would have six months to raise some extra cash on its own or get it from the government in exchange for ownership.
Hearing these latest initiative geared toward the financial institutions, makes everyday people say: "Hey how about us? We already failed all imaginable stress tests long time ago."
For more, see NY Times.com
The new test is meant to gauge the likely hood of a bank being capitalized enough under the harshest economic conditions. If not, a bank would have six months to raise some extra cash on its own or get it from the government in exchange for ownership.
Hearing these latest initiative geared toward the financial institutions, makes everyday people say: "Hey how about us? We already failed all imaginable stress tests long time ago."
For more, see NY Times.com
Labels: Banks stress test, Economic Crisis, Obama administration., White House
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