According to an Associated Press video on the washingtonpost.com Web site the economy took a wrong turn and is headed towards a recession. Consumers are cutting back on spending, which is the largest in 28 years.
Thursday, October 30, 2008
Financial outlook for today
Take a look at the video titled 'Getting over market fears' and 'U.S. economy shrinks.'
Saturday, October 25, 2008
Noelle Salamone Interview from Conference
We interviewed Noelle Salamone at the conference. She is currently working for ACE Insurance Group in Philadelphia, Pa as senior underwriter and management liability underwriting. She attended Temple University and did a double major, which included risk management. She is on the national board of trustees for all 55 chapters of Gamma Iota Sigma.
Salamone discusses her job functions with ACE and the companies they work with.
She weighs in on the economic times and how her company is surviving.
Salamone gives her reasons on how this conference is beneficial to students.
Salamone is not stressing over the current economic times.
Thursday, October 23, 2008
Paul Choi Interview from Conference
We interviewed Howard University Professor Paul Choi. He teaches general insurance and risk management. This semester he teaches risk and insurance and property and casualty insurance. He says his students usually work for insurance companies or consulting firms after graduating. He is currently conducting research on the growth rates of small and large insurance firms.
Choi discusses some of the retirement plans offered by Howard University, current market state that we are in and weighs in on the pros and cons of two retirement options.
Choi has a plan to improve his financial outlook for retirement.
Gamma Iota Sigma Risk Management Conference
We attended the Friday morning session of the 37th annual conference. The conference took place in the new school of business on the Virginia Commonwealth University (VCU) campus. Key note speaker Harold L. Gray, Sr., addressed the attendees of the conference. He is the director of professional development and center for insurance education at the Howard University School of Business in Washington, D.C.
The conference was hosted by the Alpha Mu Chapter of VCU. The Friday session was divided into two educational sessions. Attendees chose from five workshops. In the afternoon there was a job interview session. The Saturday portion of the conference included four educational sessions. Once again, attendees chose from five workshops.
The conference was hosted by the Alpha Mu Chapter of VCU. The Friday session was divided into two educational sessions. Attendees chose from five workshops. In the afternoon there was a job interview session. The Saturday portion of the conference included four educational sessions. Once again, attendees chose from five workshops.
Thursday, October 16, 2008
Management Conference on VCU Campus
The Gamma Iota Sigma is hosting their 37th annual management conference on the Virginia Commonwealth University campus. The conference began tonight at the Doubletree Hotel on Franklin Street in Richmond.
Tomorrow the conference continues at Snead Hall in the VCU School of Business. Registration begins at 8 a.m. in Room B1122 at Snead Hall. The opening session begins at 9 a.m. in the Snead Hall Auditorium. The key note speaker is Harold Gray from Howard University.
There are a wide range of sessions to attend covering topics relating to risk management in business. The conference continues through Saturday and ends with the announcement of the location of next year's conference.
Tomorrow the conference continues at Snead Hall in the VCU School of Business. Registration begins at 8 a.m. in Room B1122 at Snead Hall. The opening session begins at 9 a.m. in the Snead Hall Auditorium. The key note speaker is Harold Gray from Howard University.
There are a wide range of sessions to attend covering topics relating to risk management in business. The conference continues through Saturday and ends with the announcement of the location of next year's conference.
Tuesday, October 14, 2008
Love the FreeCreditReport.com commercials?
I know I do. Did you know that it is not exactly free? You still have to sign up for a membership. No worries, there is an alternative.
The Annual Credit Report Web site allows you to print off your report once every 12 months for free to ensure your personal information is accurate.
The report can be requested online, on the phone or through the mail. Requesting your report online allows you to see it instantly and print it off. According to the Annual Credit Report Web site, checking your credit report allows you to see if your identity has been stolen.
I still like the Free Credit commercials so check one out anyway...
The Annual Credit Report Web site allows you to print off your report once every 12 months for free to ensure your personal information is accurate.
The report can be requested online, on the phone or through the mail. Requesting your report online allows you to see it instantly and print it off. According to the Annual Credit Report Web site, checking your credit report allows you to see if your identity has been stolen.
I still like the Free Credit commercials so check one out anyway...
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News Update
Budget Deficit
-CNN.com reports the budget deficit is the highest in history and is expected to climb next year due to the $700 billion bailout plan.
Stock Market
-After a historic rise on Wall Street, CNN.com reports a plummet in stocks today.
McCain Economic Plan
-Republican presidential candidate John McCain announced his economic plan. The Washington Post reports McCain proposed $52 billion in tax breaks.
-CNN.com reports the budget deficit is the highest in history and is expected to climb next year due to the $700 billion bailout plan.
Stock Market
-After a historic rise on Wall Street, CNN.com reports a plummet in stocks today.
McCain Economic Plan
-Republican presidential candidate John McCain announced his economic plan. The Washington Post reports McCain proposed $52 billion in tax breaks.
President Bush response to bailout
Bailout becomes buy-in as feds move into banking from Associated Press
Monday, October 13, 2008
Stock market looks up
Today the Dow is on the rise. The New York Times blog called The Lede reports an increase of more than 700 points. This equals an 8 percent increase and was reported to have never gained that much in one day.
Changes are made to the financial systems in America and in some European nations, according to washingtonpost.com. The European governments are taking billions of dollars and putting them into the largest European governments.
Link to AP Video.
Changes are made to the financial systems in America and in some European nations, according to washingtonpost.com. The European governments are taking billions of dollars and putting them into the largest European governments.
Link to AP Video.
Taking a look back
In these hard economic times there are close comparisons to the Great Depression. I stumbled across this first hand account on washingtonpost.com about the Depression during the late 1920s and 1930s. The video covers men in Bakersfield, Calif., whos families migrated west during the Depression. They talk about their experiences and memories of the time.
Friday, October 10, 2008
Video worth looking at!
Jim Cramer, host of CNBC's Mad Money, appears on NBC telling the public to get their money out of stocks. Bottom line no one has confidence in the financial system.
http://www.youtube.com/watch?v=be74I42NAQQ
http://www.youtube.com/watch?v=be74I42NAQQ
Latest on the Stock Market
It's not looking good America, the Dow continues to drop:
http://money.cnn.com/2008/10/10/markets/markets_newyork/index.htm?postversion=2008101011
http://money.cnn.com/2008/10/10/markets/markets_newyork/index.htm?postversion=2008101011
Wednesday, October 8, 2008
The Great Depression?
Article on CNN discusses how top world banks are making adjustments.
http://money.cnn.com/2008/10/08/news/economy/fed_move/index.htm
This quote struck me, "The rate cuts are the latest in a series of groundbreaking moves by the world's top central banks to try to breathe life into embattled financial markets. And it's a sign that the problems in the U.S. economy are spreading."
There are videos included in the article talking about the Federal Reserve Bank and the effect on Asian markets.
This video was posted on Forbes.com. What a difference a couple of weeks make.
http://www.forbes.com/video/?video=fvn/talkback/rk_vlog092908
http://money.cnn.com/2008/10/08/news/economy/fed_move/index.htm
This quote struck me, "The rate cuts are the latest in a series of groundbreaking moves by the world's top central banks to try to breathe life into embattled financial markets. And it's a sign that the problems in the U.S. economy are spreading."
There are videos included in the article talking about the Federal Reserve Bank and the effect on Asian markets.
This video was posted on Forbes.com. What a difference a couple of weeks make.
http://www.forbes.com/video/?video=fvn/talkback/rk_vlog092908
Stock market report
Here is the latest on the stock market for today:
http://money.cnn.com/2008/10/08/markets/markets_newyork/index.htm?postversion=2008100811
http://money.cnn.com/2008/10/08/markets/markets_newyork/index.htm?postversion=2008100811
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