U.S. News and World Report is a news magazine which began in 1933. It is published monthly. This magazine focuses on political, economic, health and education stories. Our next topic concerns two features on business.
Members of Generation Y were born from the mid 1970’s until the early 2000s. These people have an increased use and familiarity with communications, media, and digital technologies. AEI has numerous students who are a part of Gen Y. In a previous course, Cutting Edge Presentations, Jin spoke on the practices of American banks, sharing his experiences. This magazine article, which covers the same ideas Jin spoke on, is relevant to the Gen Y students in our class.
Gen Y to Banks: Do Better
http://www.usnews.com/money/personal-finance/articles/2010/03/10/gen-y-to-banks-do-better.html
World News is the evening news program of ABC News. It can be seen at 7:00 p.m. on WSB-TV (channel 2) in Atlanta. Diane Sawyer is the anchor. Two magazines have recognized Sawyer as one of the most powerful American women. She has been prominent on television news since 1981.
Reporter David Muir has been on ABC since 2003.
Banks Give Homeowners the Runaround on Purpose
http://abcnews.go.com/WNT/video/banks-give-homeowners-runaround-purpose-10184909
A good relationship with a bank is important for all who live and work in the United States. Yet the banks have many rules which can confuse. This is very true for immigrants. As you read and listen, look for practical information. Comment on what you have learned from these two reports. Do the reports give helpful information that will help you as a consumer in a bank? If so, summarize this. Try to post helpful tips which will benefit all who read our comments.
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Is the new generation taking over? Maybe. Are they really qualify for the job as someone else older and with more experience? I don't think so. Yes, the younger generation might know how to use the new technologies better than the older generation ,but for me an experienced employer is more valuable to take important decisions on a day by day basis.
ReplyDeletePromises and more promises that all that we have been hearing lately. That is not the best but it is something. It is better than nothing. Banks are not doing everything that they said but they are trying. That counts for me. Are they really forcing people to sign up for cards and others things that they don't need it. That is not the truth. Banks offer you stuff, but they do not force you to get it. It is your own decision. I know a lot of people were not expecting to lose their job but it is not the banks fault. People losing their houses, jobs and other belongs is pretty sad. There is always a hope that things will be better. I believe this is just a bad phase in our lives.
The financial sector in any country in the world is very important, but eve in so-called capitalist counties such as The United Stetes of America, where someone who has no credit with a bank is seen as a stranger. This is where banks take advantege of people as excesive interest and fees for anything. For example, according to the report presented the four largest banks in the United stetes received fees for more than 40 billion dollars. Do not believe this is insane and the government is giving them money not to break. This money comes from the same taxpayer that banks charge high interest charge and exaggerated fees.
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ReplyDeleteI agree with the fact that the banks are always offering us cards and new stuff, but as I read in Gillyano’s comment, you do not have to accept this if you do not want to. The banks are not forcing you to take this; it is your choice. People have to know what is the best way to manage their money. Izt is not easy, but necessary. It is bad that people are in this situation, losing houses, jobs, but it is not the bank’s fault. At this time when the economy is not good, we have to do our best to keep up in our jobs. People that have more experience count more in a decision than one that does not have it. It is a difficult phase, but I believe that we going to survive, just going gradually.
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ReplyDeleteAnother controversial topic posted by Mr. Porter!
ReplyDeleteI came to this country like many others did, looking for an American dream; to have a better life where we can raise our kids, nice house and a brand new car. So far, so good; but in order to get that we have to deal with some powerful institutions! BANKS! Everything was going fine while we had a good job and stable income. Years later when the economy began dropping at the same time we started to feel that dream was vanishing!
In my own experience I have dealt with Bank of America in order to get a loan modification, because I lost my job. I have no savings and I want to keep my house; I told them: “I have no other place to live and you have been receiving a lot of money from the government, so, you have to help me”. They took my petition and four months after that, I received a letter that they mentioned my case was approved. I have been paying $1250 fixed for 30 years and they lowered my interest, so now, I am going to pay $1200. Do you think this is fair? Only $50 bucks! I mean, they will never lose and we have all the opportunities to lose if we deal with BANKS! I heard that others got more discounts in their mortgages because they did that with professional representation! Attorneys! I did that by myself and I couldn’t get more than that. So, next time people, look for an expert and don’t forget to read the “small print”!
I think ipad is almosat as same as notebook. The diffrence between ipad and notebookpc is a way how we use it. and the ipad is a touch screen device with apple & have new technology & the notebook is work as a same proffesion as a ipad. they both work as a same proffesion like a smart machine. a notebook is a device which can work like a ipad but in diffrent way. ipad is a new device with new generation.ipad is a smart device an have a mobileacces anywhere u want an so flexible strucuture how they build it,s model. we should thankfull to apple for new investion.
ReplyDeleteYes. Banks are such thieves! Nobody forces you to get some services from them. Of course we sign upwith the papers in our hand, but they trick us to get some more services and charges. We need to be smart ! way more than now! This is my opinion about problems which are below. I think folks need to fix their mental things to get better financial conditions. People want to get something that they don`t really need such as a good car and big house. I know people have dreams about their higher quility life, but we need to think about our financial condition first. Actually a lot of people get loans from the bank to get a good car and big house. Finally we have economical problems, a lot of people lost their job and then they can not afford for what they had. After they lost everything and what they do is arguing. that is such as ignorance!
ReplyDeleteall right poor folks such as me. It is time to be smart and make sure nobody can trick us anymore!
as my opinion right now how the economy is suffering from this period. And lots of people have bankruptcies,bad loans and different finacial problems. As I think banks should be low with their interest rate and more easy banking for people they should have some new programs, new morgatge rates, business banking with more easy rates and I think banks will do better.
ReplyDeleteEvery week, millons of dollars are spent, and won, on lottery tickets. The jackpot in many lotteries
ReplyDeletecan be as much as 100 milon dollars, and winners suddenly find themselves with more money than ever before. Many will have enough to purchase a new car, build a luxury house, take a holiday, and quit working-all within a short amount of time. The lucky few who hit the jackpot, however, may end up with problems-more than they had before they struck it rich. According to Steven Goldbart of a financial planning institute in San Francisco, two out of three winners spend all their winnings within five years.
Thesedays Us's financial is bad. I have a small cafeteria. My situation is too bad, too. So we need some changing. Who will solve that problems...
So We have to make a economic plan.
In times of economic uncertainty, personal financial planning can pose more challenges than running own business.
Determining the investment vehicles that will protect your own and your family's future requires financial insight and information.
Economy is getting worse. A lot of people have bankruptcies. Product's cost is more expensive than before. Maybe, it is not too far from the 2012. I'm jokking. But this problem is really serious. Not only banks, but also we should wake up
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