Will youngest boomers go broke?
They're raiding 401(k)s, falling behind on monthly payments and even going without medical care in efforts to keep afloat financially, the AARP warns.
Archive for June 12, 2008
Inflation from Asia: The next crisis
Rapidly rising prices across the continent are the biggest danger for the global economy right now. And things could get much worse in the coming months.
Oil rebounds; stock rally fades
Crude closes at $136.74, up 36 cents; stocks wilt after a big open. Yahoo says Microsoft no longer wants to buy the company, then cuts an ad deal with Google. Retail sales in May are better than expected. CPI report could move markets Friday.
Apple’s new iPhone may douse iPod sales
Who will buy an iPod when they can get a snazzy touch-screen phone with comparable musical functions for the same price? Apple is about to find out.
When bankruptcy looms
We are a very small family landscaping business (sub S-corp). We were in debt about $12,000 before the season began. We're looking at borrowing up to $10,000 more to carry us until the work season picks. If we can't make it, is bankruptcy an option, and which option (Chapter 7, 11, 13?) offers us the best out?