Bill Collectors Making Few Friends

Many Americans now find themselves in debt and pursued by collection agencies. The Federal Trade Commission says nearly 71,000 consumers filed complaints about harassment from bill collectors last year, this is two-times the number four years earlier.

Not Motorola?

Motorola is also a huge and successful company that isnt seeing dull days. Breaking reports that the technology and communications company Motorola will cut thousands of employees in its cell-phone division.

Huge Job Cut

As part of a cost-cutting plan that is expected to save the company $1.8 billion next year, credit card giant American Express announces that it will cut 7,000 jobs. They are making this move because credit card companies report results that cardholders have trouble paying off debt and pull back their spending.

A Recessions to Come

The economy shrinks at a 0.3 percent annual rate over the last quarter as consumers cut back on their spending by the biggest amount in 28 years -- the most obvious sign that the country is soon to see a recession.

Governors Seek Bailout for Automakers

So not only do the banks need a bail out but apparently automakers do to. The governors of Michigan, Delaware, Kentucky, New York, Ohio and South Dakota petition Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke for action to help the countries struggling automakers.

Fed Funds May Enable GM-Chrysler Deal

Hurting by both the credit crisis and this summer's high in gas prices, automakers may soon be from our tax dollars for in their assistance. This could also help funding for General Motors to acquire Chrysler.

Mortgage Crisis

Thousands of Americans lost their homes each day over the last quarter as they failed to keep up with their mortgage payments.

Mortgage Crisis

Thousands of Americans lost their homes each day over the last quarter as they failed to keep up with their mortgage payments.

Oil Still Falls Despite OPEC's Moves

Opposing OPEC's most recent move to reduce supply, crude oil futures go back to last week's fall, "driven below $63 per barrel in intraday trading by economic uncertainty around the globe." Gas prices have also fallen by about $1 per gallon in the last month.

the dying economy

I attended a poetry recital recently. In between recitals, the host opened up discussion to concerns such as education, the economy, health care- basically all kinds of politics. The main topic of discussion was the diminishing middle class. They said the middle class is panicking, they dont have this or that, but now they know what a typical African-American is born into and exposed to everyday. "They wait until the upper class is in jeopardy before they finally do something about our everyday struggle."

Oil Falls to 16-Month-Low $66.75 a Barrel

New evidence of sliding demand for fuel pushes the price of crude oil futures below $67 per barrel, a level last reached in June 2007. Oil prices have fallen more than 54 percent from crude's all-time high, reached in July.

How Bad Could a Recession Get?

Some economists say the nation's economy contracted from July to September, and many expect it to continue shrinking through the first half of 2009, resulting in a despression. How bad could a recession actually get, and how can we get out of it. I think Obama can help and may be our answer!

Bargains Abound in this Battered Market

It's a well known marketing rule..."Buy low, sell high." The market may take a while to go back to its goodstanding which was about 12 months ago. "In his weekly Comfort Zone Investing feature, BloggingStocks contributor Ted Allrich suggests a list of undervalued companies poised for a strong comeback." I think as a result of the economies current status many businesses will future and as for the buying love and selling high rule many businesses may have to sell even higher. This would effect whether the consumer will buy certain products or not or even if they can afford them or not.

Tech Rivals Set to Report Earnings

Being that the stock market is back in business, investors shift focus to the fundamentals: earnings season. Will Apple and Microsoft echo the strong third-quarter results reported last week by Google and IBM? BloggingStocks contributor Trey Thoelcke offers his preview of this week's earnings.

Banco Santander to Acquire Sovereign

Echoing a wave of earlier consolidation in the banking industry, Banco Santander of Spain, which already owns 25 percent of Sovereign Bancorp, agrees to buy the remaining stake in the large Philadelphia thrift.