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Financial literacy is important in today’s world. Without a balanced understanding of how to save, invest, and spend one’s money, one can develop dangerous habits in all of these three areas that can have disastrous ramifications. People spend, save, and invest on a daily basis, and, without a proper understanding of how to handle one’s personal finances or how the financial markets work, the American economy and its participating members are left without a buoy...

Author: By Patrick Jean Baptiste | Title: Ignorance is Not Bliss | 1/25/2010 | See Source »

...Office of Financial Education in 2002. But most Americans have not heard of these commissions because of a lack of publicity. With a little more accessible financial knowledge and understanding of how things such as interest rates can affect one’s pocketbook, Americans will make smarter decisions, invest more money into the economy, and participate to a greater degree in the dialogue that dominates our newspapers and our thoughts...

Author: By Patrick Jean Baptiste | Title: Ignorance is Not Bliss | 1/25/2010 | See Source »

...lower, while unmarried low-income men and women tend to partner up and then uncouple more rapidly. "This leads to family instability and a cycle of disadvantage," says Conley. Single parents often have trouble moving ahead in their careers, while low-earning parents have little income to save or invest. They fall further behind, while the families with two college-educated earners pull ever more ahead...

Author: /time Magazine | Title: Marriage: Husbands Get Richer, Bachelors Get Screwed | 1/20/2010 | See Source »

...offer JAL $1.4 billion. Delta, the world's largest airline operator, has offered $1 billion. JAL aimed to make the decision between American or Delta by the end of the month, but Transport Minister Maehara has said the decision will be delayed. Neither airline will be allowed to invest in JAL until new management is in place in February...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...beer they sell in India - including Foster's, which is branded as Australian but brewed in India. The company has been operating in India since 2000, and last year made a profit of about $7.5 million on $230 million in revenue - enough to convince it to invest $500 million more in India over the next five years. Carlsberg and Heineken have been in India less than three years, but both companies are expanding. Heineken bought a 37.5% interest in India's largest alcohol company, United Breweries, while Carlsberg has invested $53 million to reach its target...

Author: /time Magazine | Title: Tapping into India's Growing Alcohol Market | 12/23/2009 | See Source »

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