by Rebecca Tonn Published: July 17,2009
Tags: Banking and Finance, international
Sometimes it’s nice to hold all the power. The British are fairly pleading with American businesses to apply for contracts for the London 2012 Olympic and Paralympic Games. Pardon the pun, but it’s a golden opportunity to make some cash — the Brits have a $12 billion budget for Olympic games-related contracts, including direct procurement and [...] [...]
by Rebecca Tonn Published: July 10,2009
Tags: Banking and Finance, recession
Because of the recession and multiple bailouts, acronyms have been bandied about like cotton candy at the county fair. But there are so many new programs that it can be confusing to consumers on Main Street. Two of the main programs have similar-sounding acronyms, but are administered by different federal agencies. The Term Asset-Backed Securities Loan Facility, or [...] [...]
by Rebecca Tonn Published: July 10,2009
Tags: Banking and Finance, credit card, June Walbert certified financial planner, USAA
Since early 2008, consumers and businesses have become more aware of their financial excesses. Although it’s never too late to rein in one’s excesses, it is certainly overdue for many Americans. “I’ve seen a lot of people going back to basics in the last year and a half,” said June Walbert, certified financial planner practitioner with [...] [...]
by Rebecca Tonn Published: July 3,2009
Tags: Banking and Finance
As soon as entrepreneurs buy or start up a business, they should have an exit strategy. Reality, however, is that many business owners only realize this much farther down the road — say, about the time they realize they don’t want to run a company every single day for the rest of their lives. Trekking in the [...] [...]
by Rebecca Tonn Published: June 26,2009
About 19 percent of the U.S. population has some type of disability, according to the Census Bureau. Of adults — ages 21 to 64 — with disabilities, only 46 percent are employed, compared to 84 percent of adults without disabilities. Many people have children, family members or loved ones who are disabled and need financial support. But [...] [...]
by Rebecca Tonn Published: June 19,2009
Things are not always what they seem. Trite, but true. If national headlines scream “Another bank fails,” when actually it was an unregulated private lender that failed, it does a disservice to Main Street, said Don Childears, president and CEO of the Colorado Bankers Association, during a Colorado Springs Executives Association meeting. “Nine of 10 national headlines [...] [...]
by Rebecca Tonn Published: June 5,2009
The stock market “basically blew up in everybody’s face,” said David Twibell, director of wealth management for Colorado Capital Bank. “The world is different now in a lot of ways, and clients and investors want to know what the industry is going to do.” Modern Portfolio Theory held that diversification among asset classes was enough to [...] [...]
by Rebecca Tonn Published: May 29,2009
The stock market always recovers. Since 1926, the stock market, as measured by the Standard & Poor’s 500 index, has had 58 years of positive returns and only 24 years of negative returns. Historical odds are 8-to-1 that the market will be down by 10 percent or more during any single year, and 2-to-1 that the market [...] [...]
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