Moments Ago Fed Funds Rate was cut to down to 1.00% bringing it down 50 basis points. It was expected as 25 basis was too low and 75 basis points were thought as too high.

This Monday, credit card issuing companies VISA and MASTERCARD announced that they have settled the anti-trust law suit filed by Discover Financial Services. Discover accused both of the companies of entering in to exclusivity contracts with banks. Such contracts prohibited banks and other financial institutions to issue competing cards. Discover filed for $6 billion as compensation but settled for less than half that amount.

New economic realities brings its own dictionary. Your Money Mogul listed new meanings of old financial terms. Forget the losses you made and enjoy yourself.

I have started my journey into world of forex. It is a learning experience and I will share it with you as I stated in this post on my Forex Blog. I will be posting as I learn and discover. here is an excerpt of what i wrote today.

Before the Friday’s opening bell, PNC bank has announced that it will buy National City Corp. for $5.6 billion. National City has been in trouble for quite a while now. This news was not taken well by WallStreet and shares of both banks plunged even lower. Share value of PNC dropped almost 5%, while National City Corp dropped more, shedding 30% of its opening value so far. While all stocks are going down, It is difficult to stay that this sharp decline in share value is because of the Announcement.

Below is by far the best commentary on global economic crisis. Imagine you get up one morning and go to bookstall and find “The Economist” on display like this.

Popular media is painting a very bleak economic outlook. It is a time when people are confused about their savings and economic future. There are also people out there who see every challenge as an opportunity to make money. It is like Forex market to them. You can make money both ways, up or down. We have listed below the reasons why people think that this is best time in history to make lot’s of money and become filthy rich.

As news continues to pour in that Fed Rates are likely to go near or at zero interest rate level, we think that Fed. should get out of its stunned posture and take more drastic measures like bringing the rates down to zero percent levels. These are indeed difficult times and magnanimity of problems require Fed. to take magnanimous steps. It should act fast and give the economy the much needed fiscal jolt. Unfortunately, Fed has a history of doing too little and too late.

Neck down in debt and still asking yourself… Can I be a Millionaire? You are not alone..This is the question that haunts the minds of everyone, especially, the jobless and the small and medium businessmen. Being in debt or in bad financial condition does not mean that you can not make it to American Dream. We do have some historic examples that show, how an idea of a penny made someone a Millionaire. It is not the idea, it is one’s dedication that makes the ideas a reality. Sometimes a very stupid looking idea proves so fruitful that you always wonder that “This idea worked…!”

If you have ever tried to lose weight then probably you know how difficult it is to improve your credit score. It is not something you can do quickly. If you try to raise your credit score based on bad advice, you must be prepared for these quick-fix efforts to backfire. If you ask me to put all of the advice in one sentence, I would probably say “Manage your credit responsibly”. It is indeed a uphill task to improve your credit score once it is down. Still following the tips below is very crucial to get your bad credit back on track.