Did you know the ancestry of American people?It is a melting pot of immigrants from all over the world.This trend continues today.These immigrants make the America great, including best in business.
There are over 300 million Americans.Ancestry of Americans include approximately Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%.The rest are from other countries.
At the end of 2008 approximately 7 out of 10 people in the US owned a home. The US population is over 303 million.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion.
Not so fun fact…there are over 15 million home owners with questionable mortgage loans.Experts believe that 2/3 or over 10 million have potential of foreclosure.
Put it in perspective-
US GDP is close to $14 trillion; US national debt is over 11 trillion; DOW market value decline is close to $8 trillion; China GDP is over $3 trillion; Wealth of Forbes’ 400 richest people is over $1.5 trillion.
If you spend a dollar to buy goods or services, 70 cents of the dollar directly goes to boost the economy.
Do you know that one out of three mortgage applications are rejected because of poor credit history? Read why it is important to be responsible with money? Volume 12
Six out of 10 teens consider learning about managing money their top priority.
Markets close mixed
The DOW closed down 100 points, or 1.2%, the S&P500 was up 1 points, or 0.1%, and NASDAQ up 29 points, or 1.6%, for the week ending June 26th.So far Year-To-Date (YTD) S&P500 is +1.7%, DOW is -3.9% and NASDAQ is +16.6%. Oil closed at $69.44 per barrel this week.
Federal Reserve says economic decline is slowing
In line with expectation, the Federal Reserve announced that it will keep the key interest rate (Fed funds rate and Discount rate) in a range of 0.00%-0.25%.The Federal Reserve believes that US economic contraction is slowing, financial markets are improving, and household spending is stabilizing but it remains cautious about the continued job losses. Also read what is Fed Funds rate and Discount rate? Volume 22 and what does the interest rate cut mean for you? What is APR? Volume 23.
Fed Funds Rate unchangedDiscount Rate unchanged
Stays at 0.00 to 0.25%Stays at 0.5%
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HOW TO START A LEMONADE STAND AND LEARN ABOUT THE BUSINESS?
... Throughout our news page we have created links in red color which provide you with additional information ...you will see two types of link...One when clicked takes you to a new page for more information...Other are pop-ups, and if you bring your cursor over red link words additional information will pop-up...
For example, just move your cursor on to Starbucks (Ticker SBUX) and you should see the following text pop-up-
"Starbucks Corporation (Ticker SBUX) has sales of over $10 billion. It sells whole bean coffees, brewed coffees, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores worldwide. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington."
Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods."){kind=small}
