Posted on Saturday, 22nd May 2010 by Emily Smith
Rudy Giuliani and Richard Grasso on March 29, 1999, the first day the Dow closed above 10,000. (Henny Ray Abrams/AFP/Getty Images)
Stocks were way down this morning, and the Dow fell below 10,000. That threshold has no intrinsic meaning, but it has this very loaded, emotional history.
The first time the Dow closed above 10,000, it was a really big deal.
Tags: Dow, Dow 10000
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Posted on Saturday, 22nd May 2010 by Emily Smith
Santander revealed that only 5,000 SA Rand (around £450) can be taken in and out of the country in cash, so people will need alternative means of making payments.
Credit cards typically incur a foreign exchange fee of 2.75% and a cash handing charge of around 1.5%, the group said.
This means that for every £2,025 that is withdrawn from ATM machines in South Africa, an additional £86 in fees will be paid.
Nici Audhlam-Gardiner, Director of Banking at Santander, said: “People should be aware that they can save themselves a lot of money if they have a debit card that allows free ATM access and no charges on debit card transactions worldwide.”
England played their last match on home soil before the World Cup against Mexico last night (May 24th).
Tags: Card, Credit Card
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Posted on Friday, 21st May 2010 by Emily Smith
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.3% in the January to March period – slightly higher than the 0.2% previously estimated.
However, the 0.2% was the first estimate, which was based on just 40% of the full set of data.
Analysts had expected GDP to be revised upwards since industrial production surged at its fastest pace in almost two years in March, therefore, suggesting that GDP would increase slightly.
There will be a third and final estimate next month. <
Posted on Wednesday, 19th May 2010 by Emily Smith
If you want to buy a life insurance policy it is very easy to do. Obviously you want your beneficiaries to have some money for leaving in the case of your untimely death. Also you know that your spouse may need some help adjusting to a loss of your income. You want to be sure that your children will have money for the education. Maybe you would like to leave a legacy, donate a favorite charity or keep the business going. If you really start searching the best policy for you among different ones, the matter can seem core complex. First of all, you should decide what type of policy you need – a term or temporary life insurance poly or the permanent life insurance policy that has to term to expire. T
Tags: Insurance Policy, Life Insurance, Life Insurance Policy, Policy
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Posted on Wednesday, 19th May 2010 by Emily Smith
The misfortunes of the euro currency, which has now declined to four-year lows vs. the U.S. dollar, have been the fortunes of the Japanese yen-focused exchange traded funds (ETFs).
The Japanese yen is making moves that have taken the currency higher than both the pound and the euro. It’s not yet up to par with the U.S. dollar, though. Daily FX reports that the fundamental picture has started to brighten for Japan, the world’s second-largest economy, with improving exports pushing the current account surplus to a two-year high of $27.2 billion. []<
Tags: Etfs, Japanese Yen
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Posted on Tuesday, 18th May 2010 by Emily Smith
Toxie just got run over by a HAMP.
Loan modifications — the kind encouraged by the government’s HAMP program — delivered the latest blow to Toxie, Planet Money’s mortgage-filled toxic asset.
We bought Toxie for $1,000 earlier this year. Every month, we get a check. It’s a small piece of the payments people are making on their mortgages. And every month, more houses get foreclosed on and sold off by the bank. When enough houses get sold off by the bank, Toxie will be dead.
She’s not dead yet — but she’s in very, very bad shape.
Last month, we got $72.41; so far, we’ve received a total of $449.