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Archive for December, 2010

Health Insurance

Monday, December 27th, 2010

There are more than 59 million Americans who are not having health insurance. This level is same from the year 2008.Adults and Kids are also having their medical finance through private investments. There was a bill passed in the month of March to cover at least 30 million people for their medical insurance. But it is not getting executed till date. Congress government passed a bill for the free medical treatment for children.9 percent of adults didn’t have any insurance.5 percent of them have picked private insurance. Thomas Friedan who is the director of the U.S center for disease control and prevention expressed that there are 22 percent of adults above the age of 18 are still uninsured. Wall Street has witnessed a high and low for the past few days. None can predict the markets as it is an un predictable concept. The latest news is that technology stocks were on the medium level as of Tuesday. Stocks of yahoo groups moved two steps upward when compared to the last week performance. Yahoo proved to be an active stock on Tuesday. The entire volume of the New York stock exchange was nine percent over the last three months. On the other hand, the volume of NASDAQ showed to be eleven percent. This is the latest news and trends regarding finance in the United States of America.

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American business Trends and Finance News

Monday, December 20th, 2010

The shoppers of America have spent 6.4 percent more on the black Friday the day after the Thanksgiving Day. The celebrations for Thanksgiving have started by one side and some financial problems have been discussed on the other side. It is due time for the shopping during the festival season and it is always rocked the U.S markets. They shopped mainly in the departmental stores and the cloths shops. This may be due to some discount and offers announced by the retailers to double the sales rate. The Monday after the Thanksgiving Day was termed as cyber Monday because people started shopping online. The retailers took more effort to improve their sales especially the online sale in this holiday season. They have restructured their websites and some options in the sites like selecting the product by seeing the images, single click select etc. The national retailer federation controlled a website to improve online shopping especially on the cyber Monday. The retailers told after the 2 years of economic crisis the shopping trend has increased and there are an increase number of confident shoppers. The people are having fun in shopping and it is a kind of entertainment. But they are getting bored on the same setup of the stores. They are in need of new announcement like new products, discounts and new offers. The shoppers are spending cautiously in some shops that didn’t announce any discounts. But they are mentally free in the shops with large number of discounts and offers. Some stores have arranged for some events and have changed their setup of their stores to attract the shoppers the traffic of the retails sale on Sunday has increased into 212 million shoppers and this 8.7 percent more than the previous year. Shoppers have spent more than $45 billion both in online shopping and in stores and it is estimated only for Sunday. In the previous year they have spent around $41.2 billion. The National Retail Federation survey told that the spending of an individual is $365.34 and it was $343.31 in the previous year. The survey told that the number of people visiting the departmental stores and the clothing shops have increased than the previous year.

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Federal Trade Commission

Friday, December 17th, 2010

Federal Trade Commission has introduced one mechanism called Do Not Track to stop the advisers to track the consumers who are online. This mechanism is simple but it is more powerful than the Do Not Call mechanism. This Do Not Track mechanism is similar to the Do Not Call registry in which the consumer has to enter the phone number in a list. The telemarketers are barred to call those numbers which are registered in the do not call registry. Jonathan Mayer a computer science graduate student in Stanford University said that it is a one line communication between the browser and the website and it barred the advertisers to track you from which site you are in. Mayer had done a research on the proposal and submitted the review on it. It is a switch like service in which the consumer needs to switch it on to make the advertisers not to track or detect you. The advertising network has developed a lot and they have collected the profile of the consumers in which they visited before. But it may affect the major work of the advertisers and it may spoil their business. There is no other way for the companies or the advertisers to collect the information of the consumers. But on the consumer side they feel that it is disturbing and it is not needed to advertise about the product. This mechanism doesn’t need any registry to enter the details but it can instruct the advertiser online not to track the consumers. This facility is already implemented by fire fox form in the year 2009 and it will also be implemented by Microsoft’s Internet explorer too.

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American Business Trends and Finance News

Friday, December 10th, 2010

Use of debit cards resembles a disciplined spending of money during shopping. The use of debit card is much safer than the use of cash. The shops are accepting debit cards because the money will be directly debited to their account from the customer’s account. The shoppers also prefer debit cards to stay away from some large amount of interest rates and shocking statements. The payment of debits has increased the credit payment in the year 2009 and theirs trend is acceptable. According to the strategy of Federal reserve 80% of the consumers are having debit cards and 75% of the customers are having credit cards. According to the survey by the National Foundation for credit counseling told that the use of debit cards and cash has increased in this holiday season. There are some drawbacks in the debit cards like missing of debit cards and theft of money from their account during shopping. While considering this issue credit card is more secured than the debit cards. The use of debit cards have raised and also the fraud related to the cards.

According to Bankers Association, the loses from debit cards have been calculated as $788 million in the year 2008 and in the year 2005 it is calculated as $662. Erica Sandberg a 46 year old journalist had lost her money through debit card fraudulent in august. She received a call from Bank of America regarding the use of her debit card to purchase merchandise in a departmental store for the amount of $800. The representative of the bank told that her account will be credited with that amount of money but she faced the problem of freeze account for 5 days. The lady was so frustrated because both the bank and the departmental store didn’t tell the way in which her debit card gets used illegally. Most of the debit card issuer promises their consumers for 0% liability and they won’t promise it for all type of debit cards. If the consumers took more time to report about the fraudulent use of their debit card then the issuers won’t give 0% liability to such cases.

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