The Crisis of Credit Visualized

The Short and Simple Story of the Credit Crisis.

By now every one have idea about this credit Crisis.I found two great video,That explain how it's work and who have been affecting this Credit Crisis.I am sure after this two video you will have more idea compare to now.
First Video.


Second Video.

Track Your Money !!!

Our Great President has share this video and allow us to join in for change.



Click here for check out where your money being spending by Government.Government has launch a website call www.recovery.gov, where they will post how money will spend by them. After the House of Representatives and Senate approved approve 789 Billion Stimulus Plan by the conference report for the American Recovery and Reinvestment Act of 2009. You can read the final text of the legislation of bill by Click Here. Government has decided to spend these money by $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.

You can also share your recover story and let them know what you think.Government also maintained this website for customer review,and also update where these money going and how it's affect.

Experian-based FICO Scores To Be Discontinued On myFICO.com

One of my friend send it to me via email.I thought let me share with you guys.If any one using this service then you won't use this after 13th Feb.

Attention Lenders:

Fair Isaac has received notification from Experian of its decision to terminate the agreement which allows the distribution of Experian-based FICO® scores and reports from www.myFICO.com.

The change will be effective on February 14th, 2009. While Experian’s decision eliminates the consumers’ ability to see their own FICO® scores, it will not impact your ability to use FICO® scores in your lending decisions.

Specifically:
• This action by Experian is specific to our consumer business unit.

• Fair Isaac is dedicated to offering FICO® Scores to financial institutions via all three of our bureau partners to provide the most independent and fair representation of a consumer’s credit picture.

• Experian recently recommitted to continue offering FICO® Scores to its lending clients.

• To meet consumers’ credit empowerment demands, Fair Isaac will continue to offer both Equifax and TransUnion credit management services through our myFICO.com web site.
Be assured that we will communicate any change in status to you should it occur. Until then, we look forward to providing quality analytic scores and services as we work towards advancing innovations in our offerings.

If you have any further questions, please contact your Fair Isaac representative.

More Jobs Cut & Unemploment

Here is what i find out, There has been so many jobs cut in this economics.I am wondering what will happen next if there is no jobs.Any way there is lot of company cutting job, but right now this is what i find out.
There are so many people don't have a medical insurance.This might be work out for some of them. AARP has recently launched a new Web site to help you figure out if your family qualifies for public benefits programs, what Medicaid help you can get, you can also get tax assistance, job training and search for scholarships for older people.You can download the applications you need.

Here is the United States Unemployment Rate Forecast Record.

• GM cutting 10,000 jobs.
  
• UBS reports $7 billion loss
  
• Wal-Mart to Cut 700 to 800 Jobs at Headquarters
  
• Starbucks begins announced job cuts with 1,000 layoffs
  
• Grainger to cut 300-400 jobs;
  
• NetApp Quietly Cuts 500-Plus Jobs
  
• Nissan to cut 20,000 jobs
  
• US Airways cuts 233 jobs
  
• Aiken Co. schools to cut 120 jobs
  
• Putnam Investments to cut 260 jobs
  
• Xstrata to cuts 686 jobs
  
• UBS cuts 2,000 jobs
  

Obama Discusses Economic Plans

President Barack Obama said Saturday his administration will outline a new strategy in the coming days for spending billions of federal dollars to pull the nation out of an economic crisis he described as "devastating."

Intel To Shut Sites, Cut Up To 6,000 Jobs

Intel Corp said on Wednesday it would close manufacturing plants in Malaysia and the Philippines, as well as its only remaining factory in Silicon Valley, cutting as many as 6,000 jobs.

The announcement comes a day after the world's largest maker of microprocessors used in personal computers slashed prices on a number of its chips and a week after it reported a decline in fourth-quarter revenue.

Intel said it would close two assembly test facilities in Penang, Malaysia, and one in Cavite, Philippines.

Not all cuts at the affected plants will lead to job losses and some workers will be offered positions at other facilities, it said, adding that the restructuring will take place between now and the end of 2009.

Get Well Soon, Mr. Steve Jobs

There has been long standing speculation about the health of Apple CEO Steve Jobs. Throughout 2008 his weight loss was apparent and various rumors swirled about possible serious illnesses. The cancer card was thrown into the mix, Jobs’ announced he wouldn’t make the Keynote speech at MacWorld and grumblings of “death bed” were seen around the interwebz.

Today, Steve Jobs addressed the concerns, accusations, rumors and everything else regarding his health and we’ve posted his letter to the Apple Community below:

Dear Apple Community,

For the first time in a decade, I’m getting to spend the holiday season with my family, rather than intensely preparing for a Macworld keynote.

Unfortunately, my decision to have Phil deliver the Macworld keynote set off another flurry of rumors about my health, with some even publishing stories of me on my deathbed.

I’ve decided to share something very personal with the Apple community so that we can all relax and enjoy the show tomorrow.

As many of you know, I have been losing weight throughout 2008. The reason has been a mystery to me and my doctors. A few weeks ago, I decided that getting to the root cause of this and reversing it needed to become my #1 priority.

Fortunately, after further testing, my doctors think they have found the cause — a hormone imbalance that has been “robbing” me of the proteins my body needs to be healthy. Sophisticated blood tests have confirmed this diagnosis.

The remedy for this nutritional problem is relatively simple and straightforward, and I’ve already begun treatment. But, just like I didn’t lose this much weight and body mass in a week or a month, my doctors expect it will take me until late this Spring to regain it. I will continue as Apple’s CEO during my recovery.

I have given more than my all to Apple for the past 11 years now. I will be the first one to step up and tell our Board of Directors if I can no longer continue to fulfill my duties as Apple’s CEO. I hope the Apple community will support me in my recovery and know that I will always put what is best for Apple first.

So now I’ve said more than I wanted to say, and all that I am going to say, about this.

Steve

Circuit City To Close 567 US Stores

Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S. stores and cutting 30,000 jobs.

Circuit City filed for Chapter 11 in November as vendors started to restrict the flow of merchandise ahead of the busy holiday shopping season.

Day Cares Feeling the Economic Crunch

Early education specialists warn that the economic downturn could have negative effects on young children who are forced to skip out on day care centers.