My Opening Blog
This is my opening blog for this site. I look forward to
writing, discussing and sharing information on my blog. My intention is to
discuss current events, money management, trivia and little known facts. I will
also include sites to obtain additional information about the current events
and money management. I hope to make this an informative and fun blog to
follow. That said let’s get to it.....
Current Events
Emergency Unemployment Compensation benefits are about to expire
on December 28th. The discussion going on now is whether to continue benefits
and if so how do we pay for it. The definition of unemployment is when people
are without work and are actively seeking work. The estimates of people eligible
for these benefits vary depending on the source of the information but government
organizations (Labor and Commerce) place it at 1.3 million people and by the
end of the year sources have it as high as 4.9 million if these benefits are
not extended. These benefits are only
for people who have collected more than 26 weeks of unemployment benefits. This
Emergency Unemployment Compensation act was passed by congress in 2008 and was
implemented due to hard times. It extended benefits for up to 73 weeks and if
extended in 2014 the estimated cost would be $25.2 billion.
There are many theories about unemployment and how to manage
the issues. The Marxian theory and the Keynesian theory seem to be the most
followed. There are also other factors that affect unemployment. Cyclical,
frictional, structural and classical factors provide a reasonable explanation
as to how and why unemployment occurs.
There is a group in congress saying they will support the
extension of unemployment benefits if we can find a way to pay for it. The
other side is saying the savings from the passage of the farm bill could be put
towards paying for those benefits. According to the CBO the extension of
benefits would boost the economy by 0.3% and create 300,000 jobs. The fear for most economists is that if
benefits stop, those that have been looking for work for over 26 weeks will
stop looking. Studies have found that companies are reluctant to hire people
that have been unemployed for over 26 weeks. This was set up to be an emergency
program for bad times, are bad times over is another argument. Economists are
proposing a myriad of ideas to help end unemployment. This does not resolve the problem in time.
The one factor that is not being taken in to account in all
this is the family (people) factor. If we don’t continue these benefits what
are families to do? What do you think……….
To find more in depth information about this subject visit
these sites:
Money Management
A good way to decrease your debt faster is to list all your
debt to be paid. Number your debt sequentially from lowest owed to highest
owed. Then pay more towards the least of these debts while paying minimums on
the others. Once you pay off the first debt you can put those monies toward the
next debt in line. You will find that you will eradicate your debt faster.
Trivia
Did you know English people drink more tea than any other
country.
“Everyone is in favor of free
speech. Hardly a day passes without its being extolled, but some people's idea
of it is that they are free to say what they like, but if anyone else says
anything back, that is an outrage.”
― Winston Churchill
― Winston Churchill
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Please
visit our website at www.hausof weber.com
We
seek your feedback on all phases of this blog…..click here
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