BEIJING, May 1 (Xinhua) -- Credit ratings agency Fitch recently downgraded the outlooks on China's sovereign credit rating along with those of six major state-owned banks, drawing criticism from economic analysts who deem it unfair and unjust. They argue that such actions fail to accurately re...
Chapter 4Why Do Interest Rates ChangeChapter PreviewIn the early 1950s, shortterm Treasury bills were yielding about 1.
Financial literacy is a major life skill one needs to have as it increases your financial capability. Planning finances, managing budgets and savings should be taught right from the school days. However, it’s never too late to learn about it. One can improve financial literacy by understanding...
Why Do People File for Bankruptcy? Bankruptcy and Lehman Brothers Bankruptcy is usually seen as such an extreme situation, mostly associated with a failing business being forced to close down than anything else. But as the amount of debt individuals and families are forced to accrue in order to...
Robert G. Allen, author of several best-selling personal finance books once asked,"How many millionaires do you know who have become wealthy by investing insavings accounts? I rest my case." Using a savings account and an emergency fund for short-term expenses is important, butinvesting for ...
Wiggins Myles, one of the things that I learned early on in my career as I was coming up through the health care ranks was that people are important and you can't disregard the value of people. Sometimes, as the health care finance leader, you make decisions that ...
Life at Garrett means engaging, learning and innovating in a multicultural community, where every voice is heard, and each idea valued. Take a glimpse inside Our Impact Garrett’s sustainability promise starts with our technology. For over 70 years we’ve been helping the world’s major auto ...
Part 1: Investing in Yourself" from Wellesley College, “Personal Finance” from Purdue University, and “Finance for Everyone: Smart Tools for Decision-Making” from the University of Michigan.
Peer-to-peer lending has become particularly important in developing countries, where people may not have access to traditional bank financing. Challenges of Financial Inclusion There are perpetual and significant headwinds when striving for financial inclusion. First, there is a major hurdle regarding a...
Financial literacy prepares people for emergencies:Financial literacy topics such as saving or emergency preparedness get individuals ready for the uncertain. Though losing a job or having a major unexpected expense are always financially impactful, an individual can cushion the ...