Economy | Bible Money Matters

What Would People Do With A Stimulus Check? Reader Responses

October 23, 2008

photo credit: Daquella manera Stimulus Checks: Good Or Bad? On a recent post discussing a possible second stimulus check, I asked my readers this question: If a second stimulus package does materialize this fall, what will you do with your check? Will you: Spend it (like they want you to)? Save it Use it to [...]

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Bush, Bernanke Support A New Stimulus Package

October 21, 2008

photo credit: Daquella manera I thought that talks of a second stimulus check for Americans had been tabled due to recent economic woes, but today I read that once again another stimulus check is being considered. Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums — [...]

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Blog Action Day 2008: Poverty

October 15, 2008

Today is Blog Action Day 2008, and the subject being discussed on blogs all over the world is poverty. From the Blog Action Day website, here is an explanation of what they hope to do: Today thousands of bloggers will unite to discuss a single issue – poverty. We aim to raise awareness, initiate action [...]

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7 Things You Shouldn’t Do In An Economic Crisis

October 14, 2008

photo credit: dipfan Our economy is in a downturn, Investments are tanking, and every day the market reaches new lows. It can be hard to stay focused through it all and not panic. Unfortunately it seems like most investors in the market HAVE panicked already, and their fear is self-fulfilling. They’re afraid the market will [...]

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Dow Jumps 938 As Governments Pledge Bank Aid

October 13, 2008

photo credit: Zesmerelda The DOW had a better day posting a record gain of 938 points: Wall Street has stormed back from last week’s devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments’ plans to support the global banking system reassured distraught investors. The Dow by far outstripped [...]

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Losing Money In Your 401k? 6 More Ways To Make Some Extra Money!

October 9, 2008

401k balance dropping? Create some new income! photo credit: Tracy O Right now the markets are struggling. There is no doubt about that. 401k balances are dropping, investment accounts are taking a hit, and there isn’t an end in sight. So what can you do instead of just wringing your hands and hoping for someone [...]

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Is Your 401k Losing Money? DON’T PANIC!!!

October 7, 2008

photo credit: epicharmus Scary financial times With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. [...]

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Wall Street Makes Early Gains On Hearing Fed Plan to Buy Debt

October 7, 2008

photo credit: Ross C. The fed made a move today to help unclog the credit markets, and the stock market has shown some early gains, moving back over 10,000 to start the day: Wall Street is moderately higher in early trading, with investors encouraged by a Federal Reserve plan to buy massive amounts of short-term [...]

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During Hard Times: The Only Solid Reality Is The Word Of God

October 6, 2008

This morning, the week after the bailout package passed, the DOW dropped below 10,000 for the first time in quite a while. Sounds like the worst is yet to come, and the promise of the bailout package wasn’t enough to stabilize global markets, at least not right away. I’m not Catholic, but I had to [...]

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House Passes $700 Billion Bailout Bill

October 3, 2008

photo credit: bgilliard After going down to defeat earlier in the week in the House, the second version of the bailout bill was passed today without a problem: The House of Representatives passed a sweeping, $700 billion economic rescue package after reconsidering the measure it failed to green-light earlier this week. The vote was 263 [...]

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Lost In Bailout Talk: Second Stimulus Check is Dead On Arrival

October 2, 2008

photo credit: Daquella manera The last couple of weeks we have seen a lot of news about our struggling economy, bailouts of troubled financial companies and buyouts of their their troubled assets. This news is important, and it’s obvious we need to be talking about it. One thing that has been lost in all of [...]

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Senate OKs $700B bailout

October 2, 2008

photo credit: Wolfgang Staudt A few days after the House rejected a similar $700 billion bailout plan, the Senate on Wednesday gave approval to a similar but slightly different bailout plan. The new plan which now includes several other measures meant to sweeten the pot and bring some members who previously voted the plan down [...]

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Bankruptcy, Not Bailout?

October 1, 2008

photo credit: kevindooley I have been reading a lot of opinions on whether or not a bailout measure is a good idea, and there are a lot of differing viewpoints on the subject. Many are saying that if we don’t come up with a bailout package, that the economy will crash because of the lack [...]

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Personal Finance Bible Verse of the Day: Uncertain Times

October 1, 2008

Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. 1 Timothy 6:17 During these uncertain times that we’re facing with our economy, it’s important [...]

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