With the U.S. Treasury and Congress dealing with who is going to get a piece of the $700 billion marked for handouts from the bailout, along with the continued uncertainty that is surrounding the severity of the recession we are heading toward, the markets continue to show that they really do not have any idea what to make of the situation.

How many of you know, to the dollar, how much you have spent this semester? How about this month?

We have all heard the term “the 800-pound gorilla.” For those who have not, the term is used to describe an item that is so big it can do whatever it feels like. The term can also describe companies that have an extremely large market share in their given industry, like Microsoft.

The new gorilla in our world is a lot larger than the 800-pound gorilla. It is the $700 billion gorilla that is currently floating around Congress, trying to get the country out of the mess that we have found ourselves in.

Just a few weeks ago, the federal government took over the Federal National Mortgage Association, nicknamed Fannie Mae, and Federal Home Mortgage Corporation, nicknamed Freddie Mac. As the news indicates, however, there is certainly a lot more mess that needs to be cleaned up before our economy will improve.

One of the most important economic events of the last 100 years has just happened. Fannie Mae and Freddie Mac are now under the control of our government. What does this mean? Let’s break down the entire situation to get a better look at what happened and where we go from here.

Did you know that if you were to invest $10,000 today in the stock market with the guarantee of making only a 3 percent return profit on your money, in ten years that same $10,000 will be a little over $13,000?

College is a notorious time for debt and credit cards are easily accessible.Plan your finances properly: simple instructions that can mean the difference between a post-graduate vacation and mountains of debt.
Here’s the fictional account of two incoming freshmen and how their spending habits greatly affect them upon graduation.
John has worked the entire summer before college [...]