Mar 21
IN THE search for the villain behind the global financial crisis, some have pointed to inequality as a culprit. In his 2010 book “Fault Lines”, Raghuram Rajan of the University of Chicago argued that inequality was a cause of the crisis, and that the American government served as a willing accomplice. From the early 1980s the wages of working Americans with little or no university education fell ever farther behind those with university qualifications, he pointed out. Under pressure to respond to the problem of stagnating incomes, successive presidents and Congresses opened a flood of mortgage credit.
In 1992 the government reduced capital requirements at Fannie Mae and Freddie Mac, two huge sources of housing finance. In the 1990s the Federal Housing Administration expanded its loan guarantees to cover bigger mortgages with smaller down-payments.
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Mar 20
Wells Fargo stopped offering free checking to new customers in 2011. Last year, however, they began charging their existing customers in western states. Starting May 4th, Georgia, New Jersey, Delaware, Connecticut, New York and Pennsylvania residents will have to pay up too. To avoid the new $7 monthly fee, you’ll have to keep $1,500 in your account or set up a $500 monthly direct deposit. Not happy? You’ve got two choices. Either you meet the minimum requirements to waive the fee or you switch banks. We suggest you start shopping around because free checking is still easy to find at small banks and credit unions. If you live in one of the six states affected by Wells Fargo’s new fee proposal, NerdWallet has your back. Check out our recommendations for small banks and credit unions in your state.
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Tags: Free Checking, Wells
Mar 16
Duluth/Suwanee CPA Advises Gwinnett Business Owners on Setting up Your Chart of Accounts
Setting up Your Chart of Accounts for your new Gwinnett business will be an important start in the record keeping and accounting for your new business venture. Having your chart of accounts properly labeled and classified will do much to make your bookkeeping easier as well as to provide you with substantive management information. The below bookkeeping tips will do much to ensure you only get the most out of the accounting for your new business.
Top 5 Tips to Bookkeeping Success
1. Classification. Having your accounts listed in the right sections on your Balance Sheet and Profit and Loss are essential components in knowing the present and future viability of your business. For example being sure to list your Accounts Payable as a Current Liability is essential to prudent business management which is critical to short and long term business success.
2. Numbers.
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Tags: Accounts, Business Owners, Gwinnett Business, Gwinnett Business Owners
Mar 12
The most famous shipwreck of all time is on the auction block, including passengers’ personal belongings and even salvage rights to the wreck site at the bottom of the North Atlantic Sea.
Titanic: The History
The collection includes video footage of the ship and recovery effort, as well as more than 5,500 artifacts recovered from the wreck. The artifacts consist of fine china, silverware, clothing, diamond jewelry and other personal items, decorative items from the boat, and even pieces of the ship itself.
The auction marks the first time artifacts collected from the Titanic during salvage expeditions will be available for sale, although items gathered from the ocean surface or from survivors have been sold in the past — for a pricey sum.
In 2004, Guernsey’s auctioned off memorabilia from the Titanic and a few artifacts that had been passed down through the families of survivors from the ship. Read more…
Tags: Auction
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