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GE Slashes Its Dividend

General Electric (GE) is cutting its dividend from $1.24 per share to .40 per share. GE is cutting its dividend 68% after numerous comments from GE a[...] read more »
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CNBC: A Bunch Of Corporate Shills

Day after day CNBC hosts cry about free market capitalism, lower taxes and corporate bonuses. From Larry Kudlow to Dennis Kneale to Michelle Caruso C[...] read more »
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Bank Dividend Cuts

JPMorgan Chase (JPM) cuts its annual dividend from $1.52 to 20 cents per share today. JPMorgan is preparing for a longer recession and double digit u[...] read more »
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IHOP Free Breakfast Tuesday

In response to Denny’s free grand slam promotion, IHOP has announced its own free promotion. IHOP will be giving away a short stack of buttermilk pan[...] read more »
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Ken Lewis is a Goner

Bank of America (BAC) dropped to the $2.50 level today and has a market cap below 15 billion. There is much speculation that the bank will be taken over by the government and nationalized. If Bank of America is nationalized stockholders read more »
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Are Credit Unions in Trouble?

Day after day there are reports of mounting losses in the commercial banking industry. Banks are losing money in mortgage lending, auto loans and their credit card portfolio. Many of the major banks have been deemed to be virtually insolvent and read more »
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Crude oil is getting cheaper — so why isn’t gas?

Crude oil prices have fallen to new lows for this year. So you’d think gas prices would sink right along with them.Not so.
On Thursday, for example
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Banks Halting Foreclosures

It appears that something good will come out of the Congressional hearing that the House of Representatives held with bank executives. JP Morgan Chase is joining Citigroup as one of the few “superbanks” that are halting foreclosures temporarily. read more »
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Forget Economic Stimulus: Get Your Own Financial House in Order

With a compromise in the works for the economic stimulus bill, I have decided to reflect on one of the biggest lessons learned during this recession: read more »
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Dow Chemical’s Dividend Cut Is Not Enough

Dow Chemical finally cut its dividend for the first time in almost 100 years. Dow is cutting it dividend by 64% from 1.68 cents to 60 cents. This is a good first step to improving the company’s cash position but the dividend cut may not be enough. read more »
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Compromise Nearing on Economic Stimulus Bill

The Senate and the House work on compromise -- likely getting rid of some measures that would actually stimulate the economy. read more »
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Stamp Price Increase

According to an article in the Associated Press postage stamps are set to rise again this May. US Postage Stamps will increase from their current price of 42 cents read more »
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Get $78 Back from Bank of America

If you’ve been socked with one of those pesky overdraft fees on your Bank of America account over the last few years, you might be getting some cash back under a proposed settlement. read more »
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How to Fix the American Economy

One of the biggest challenges facing the American economy is that we lack a domestic manufacturing base. Simply put we do not produce anything anymore. We buy tons of foreign goods and then wonder why we are lacking jobs. We import most of our goods read more »
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It’s Time To Buy

Great article from Fortune Magazine by Carol Loomis.
Is it time to buy U.S. stocks?
According to both this 85-year chart and famed investor Warren Buffett, it just might be.
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