The current state of economic slowdown has put most credit card and bank companies alert and worried. With decreasing home values and circumspect banks cautious about handing out loans, ways to escape crunching debts are far and few. A recent survey has revealed that about 30% banks have tightened their loan regimes and card [...]

In a rather surprising turn of events the number of people turning up for unemployment benefits slipped down by nine thousand last week, in contrast to the widespread apprehension that it would steadily grow. However, the total four weekly averages for unemployment claims increased to 3,72,500 up form the 3,00,000 the same here. These figures [...]

Warren Buffet believes that the current US economy is in recession and things could get even worse in the coming day. Buffet is currently on a tour of Europe and the 77-year-old chairman of Berkshire Hathaway Inc looking for possible accusations to his multi billion-dollar economy. When asked about a possible upcoming recession in the [...]

The rising cost of fuel has affected most business establishments in some way or the other. Amongst these, the operations that have been rattled badly are the ones that involve a great load of driving and logistics. This has affected cost cutting and productivity in a large way with most companies charging a fuel surcharge [...]