Category: Economic Crisis and Recession
The current financial crises means that more and more people want to make money online not only do they want to make money online they usually want to make money fast and often they want to make money for free. Unfortunately there are a lot of unethical marketers out there who are more than happy to take your money and and attempt to deliver on their promise which will offer you fast extra cash online – if you have any sense, or respect for your money you will run a million miles.
Why Internet Marketing Has Such Bad Reputation
Yes you can make money online. First though when you are looking for an opportunity to make money online remember that most people trying to make money online are trying to do it by earning commissions from newbies who are looking to make money online – people like you! Guess which programs get promoted the most? The best programs – sure, that’s the programs with the best commissions of course! Quite a number of current programs have up front charges of around $2000 – the commission is probably about 30-40% – you can see the temptation can’t you?
That is the heart of the problem with the ethics of Internet Marketing – and leads to new people doing one of two things: loosing a lot of money and then quiting the business getting a real bad taste in their mouth – and quitting the business.
I was lucky – first I didn’t have much money so I quit without losing too much cash, just a whole lot of time, which for many people is even more precious. And secondly I found a few good, ethical marketers who taught me how to make money online for real.
Can You Make Real Money Online – Is It All A Scam?
Yes you can make real money – but its not by selling stuff to other people who want to make money. Instead its by selling stuff to people who really want to buy it: real stuff: iPods, e-books on how to meet a girl, where to find a replacement vacuum bag for your model Hoover.
Is it quick and easy to do this? No its not. There is an awful lot of both wrong and mis-information out there. You don’t need a big name blog, or even to be a great writer to make money online. In fact one of the people I know makes 6-figures a year online is an absolutely appalling writer by his own admission. You don’t need to blog regularly, you don’t need lots of readers and you don’t need social networks like twitter and facebook.
What you need is buyers on your site; and your site needs to be focused with providing answer to people searching for an answer to their problem: how do I get rid of ants in the kitchen? how do I get a jammed DVD out of a Panasonic XYZ DVD Player? how to cure acne? Your site needs to provide an answer to your visitor in a manner which will get you paid – be it an eBay or Amazon sale or an e-book or an Adsense ad click.
First-time jobless claims hit 500K, highest level since November as labor market weakens.
Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.
It was the third straight week that first-time jobless claims rose. The upward trend suggests the private sector may report a net loss of jobs in August for the first time this year.
Initial claims rose by 12,000 last week to 500,000, the Labor Department said Thursday. Construction firms are letting go of more workers as the housing sector slumps and federal stimulus spending on public works projects winds down. State and local governments are also cutting jobs to close large budget gaps.
The layoffs add to growing fears that the economic recovery is slowing and the country could slip back into a recession. “The rise in initial jobless claims over the past three weeks makes it difficult to maintain confidence in the recovery and suggests the labor market is backtracking,” Ryan Sweet, an economist at Moody’s Analytics, wrote in a note to clients.
Stocks tumbled on the fear of more layoffs and weak job growth. The Dow Jones industrial average fell 185 points in midday trading. Broader indexes also declined.
Jobless claims declined steadily last year from a peak of 651,000 in March 2009 as the economy recovered from the worst downturn since the 1930s. They hit a low of 427,000 in July before rising steadily over the past six weeks.
In a healthy economy, jobless claims usually drop below 400,000. “This is obviously a disappointing number that shows ongoing weakness in the job market,” said Robert Dye, senior economist at the PNC Financial Services Group.
Dye said claims showed a similar pattern in the last two recoveries, but eventually began to fall again. The current elevated level of claims is a sign employers are reluctant to hire until the rebound is well under way. That’s what happened in the recoveries following the 1991 and 2001 recessions, which were dubbed “jobless recoveries.”
California reported the largest increase in new claims two weeks ago, the latest data available. The state saw a jump of 4,393 in claims, due to more layoffs in services. Georgia has seen claims rise sharply for two straight weeks because of layoffs in construction and manufacturing.
The nationwide increase suggests the economy is creating even fewer jobs than in the first half of this year, when private employers added an average of about 100,000 jobs per month. That’s barely enough to keep the unemployment rate from rising. The jobless rate has been stuck at 9.5 percent for two months.
Private employers added only 71,000 jobs in July. But that increase was offset by the loss of 202,000 government jobs, including 143,000 temporary census positions.
July marked the third straight month that the private sector hired cautiously. Economists are concerned that the unemployment rate will start rising again because overall economic growth has weakened significantly since the start of the year.
After growing at a 3.7 percent annual rate in the first quarter, the economy’s growth slowed to 2.4 percent in the April-to-June period. Some economists forecast it will drop to as low as 1.5 percent in the second half of this year.
The four-week average, a less volatile measure, rose by 8,000 to 482,500, the highest since December. The number of people continuing to receive benefits fell by 13,000 to 4.5 million, the department said. The continuing claims data lags initial claims by one week.
But that doesn’t include millions of people receiving extended unemployment insurance, paid for by the federal government. About 5.6 million unemployed workers were on the extended unemployment benefit rolls, as of the week ending July 31, the latest data available. That’s an increase of about 300,000 from the previous week.
During the recession, Congress added up to 73 extra weeks of benefits on top of the 26 weeks customarily provided by the states. The number of people on the extended rolls has increased sharply in recent weeks after Congress renewed the extended program last month. It had expired in June.
Far too many people quit their jobs in frustration, only to find similar (or worse) conditions in their next positions. If you find yourself tempted to quit your job, you’ll make a far better decision for yourself if you analyze your situation calmly and rationally.
1. Never quit in a moment of emotion. Most people have moments—plenty of them—where they want to quit their jobs. Most of the time, the feeling passes. Give yourself a couple of weeks—if the feeling doesn’t lift, then it’s something you can take seriously. But you don’t want to make a major decision in the heat of emotion that you can’t reverse later. And remember, it’s easy to reverse a decision not to quit. But it’s close to impossible to reverse a resignation once you’ve given it.
2. Think carefully about the advantages of your job that you may not find somewhere else. Perhaps your employer gives you an enormous amount of flex time that you don’t think you’d easily find elsewhere. Maybe you have a fantastically short commute that you really value. Maybe you get to do work that you love in a way that’s hard to find. You need to figure out what’s important to you and weigh that against what’s frustrating you. Maybe quitting would be the right decision—but make sure that you’ve weighed all the pros and cons before you do.
3. If possible, talk to your boss about your frustrations. You may find that things can change.
4. Be realistic about what will happen after you quit. If you don’t have another job lined up, how long will your savings last you? In this market, some people are going unemployed for a year or more, so if you resign without another job offer, you need to have a long-term plan.
5. Never quit just to “show them.” Often a desire to quit in frustration really stems from feeling powerless. The employer-employee relationship has such a slanted power dynamic that when your job or manager is making you unhappy, sometimes it can feel like your only way to regain power is to quit—and then, that’ll show ’em. But this is rarely satisfying. Your employer may be surprised at first, but people leave jobs all the time—they’ll quickly get over it. And you don’t want to be jobless just to make a point.
If you do end up deciding to quit, you’ll feel a lot better knowing that you thought it through carefully and deliberately before you took the plunge.
Credit card rate hikes reviewed, penalty fees crimped
Most penalties credit card will be limited to $ 25 and fees for customers who do not use their cards will be eliminated under rules issued Tuesday by the Federal Reserve. The Fed also has ordered a review of all walks of credit card interest rates charged since January 2009, including most of the record increases which came in the wake of a nationwide reduction in credit.
The rules, which implement a final set of changes that Congress passed in May 2009, will take effect Aug. 22. “The guidelines of the Federal Reserve released today are good news for consumers,” said Rep. Carolyn Maloney, DN.Y., one of the authors of the laws of a credit card.
The Fed’s rules could result in lower interest rates for consumers. Banks should reconsider the reasons for these increases that began in the last 18 months. They would have to cut rates if the reasons for the increase no longer exist, and regulators to review and implement such reductions.
Consumers will be more immediately notice the new limit penalty fee of $ 25. Reduce the cost penalty is a central provision of the law of credit card, but Congress has allowed the Fed to determine how.
The Fed gives way to a penalty fee to pay more if the consumer has shown a pattern of “repeat” violations, or if a card issuer can show that higher fees reasonably compensates its own costs in processing the violation prompting the penalty.