America’s shrinking household wealth

The net worth of American families is shrinking. The median net worth of households grew since 1989 till about 2005 when it started to shrink and today it stands lower than 1989. The loss occurred more rapidly than the time it took to build up the household wealth. Except for 75 and older age group, […]

Ways to pay off your mortgage faster

Are you wondering how to pay off your mortgage before the retirement date? If you can succeed financial benefits may be very satisfying. Make a plan and stick to it. Here are few ways to do that. Add few extra dollars to your payment each month. Your monthly payment includes interest and principal. Interest is […]

May Day

May 1 of each year countries around the world conduct demonstrations to celebrate labor rights. May Day is also known as the International Workers’ Day. Communist bloc countries such as Cuba and Russia are among countries that holds massive May Day rallies. Even though most Americans don’t realize, the origins of the May Day is […]

Europe’s migrant crisis is overheating

An estimated more than 40,000 migrants have landed in many parts of Europe recently, mostly landing in Italy and Greece. They continue to come into Europe from conflicted areas including Syria, Iraq, Afghanistan and many African counties. Many are coming in make shift boats and have been rescued at sea. Many lives have been lost […]

Look who is turning 80?

The Social Security system in the United States will turn 80 on August 14, 2015. Social Security is the sole source of income for one in four recipients. President Franklin D. Roosevelt signed the Social Security Act into law. But more than half of working Americans doubt that it will be there for them when […]

Singapore celebrates 50 years of independence

The city state nation is holding ceremonies to mark its 50th anniversary. It was ejected from the Federation of Malaysia and seen remarkable progress since its separation. Singapore is also a former British colony like many other countries in the region. Its 50th celebration festivities will include people singing the national anthem, parades, convoy of […]

Greek debt saga takes a dramatic turn

New government in Greece came into power vowing to renegotiate Greek debt. Greece owes more than $271 billion mainly to the European Central Bank (ECB) and the International Monetary Fund (IMF). An installment of $1.72 billion is due to the IMF at the end of June 2015 and rumors are floating that Greece may default […]

Migrant crisis brewing in the Mediterranean Sea

Stories of migrant tragedies happening daily in the Mediterranean Sea are dominating newspapers and the Internet. The issue has become the latest European crisis. From the North African coast to southern coast of Italy and Greece, reports of capsized boats carrying migrants mainly from the African continent are coming across news media daily. So far […]

Devastating earthquake hit Nepal

An estimated 7.8 magnitude earthquake hit the hilly nation of Nepal on April 25, 2015 around mid-day. Some estimate the intensity of the earthquake to be 8.1. Initial reports also indicate the epicenter of the earthquake to be located at the village of Barpak in Gorkha district at a depth of 9.3 miles below the […]

The Fight of the Century

A boxing fight between Floyd Mayweather and Manny Pacquiao is schedule for Saturday, May 2, 2015 and is known as “the Fight of the Century.” The fight was announced earlier this year and the fight for the welterweight world title is to take place at MGM Grand in Las Vegas. It is been dubbed as […]