2010 Stimulus check & Economic Stimulus Package News & Update

Stimulus Check

2010 Stimulus check

The 2010 stimulus check is set to help over 90% of Americans, but how will this affect you? The changes... 


Economic, Insurance, Legal, Loan & Tax

Legal Lien

Overview of a Legal Lien The law application of the term lien refers to a form of security interest given by a borrower over an item of property as security of the payment of a particular debt or a performance of some kind of obligation. The property owner, the loan borrower, the person who grants the lien is known in legal terms as the lienor, and the individual who the lien is in favor of is known as the lienee. A legal lien therefore is depicted as the right to retain physical possession of material assets as security for the stipulated underlying legal obligations. A legal lien is a kind of possessory security and the asset possession has to be transferred and maintained by the lienee. Note that the right of the security is passive in that the lienee doesn’t have the right to seize or sell the property, only the right to retain the... 

Is a Second Stimulus Package a Necessity

The first stimulus plan has not achieved much and there are many people who feel that a second stimulus plan is a necessity if we look closely at the economic situation today. One of the main advocator of a second stimulus plan is Joseph Stiglitz, a Nobel economics laureate. He is professor in Columbia University and the former chief economist of World Bank. Stiglitz has brought to attention of the public certain facts which the nation’s economy is facing and these problems can only be solved by another stimulus package. According to Stiglitz, although a major economic devastation has been averted by the first Stimulus Plan, the situation is still grim and one cannot say that there is a recovery. He mainly points out the fact of widespread unemployment, which is causing the economy to stagnate. The official figures show the unemployment... 

A Look at the Stimulus Package After a Year

It has been a year since the stimulus package was passed and after the one year anniversary, a lot has been spoken about it. Different parties have different opinions about the effectiveness of the stimulus and we can say that both the parties have a point. The democrats have praised the controlled spending to be the economic savior for the country. The republicans, however, mock President Barrack Obama’s stimulus for its failure at stopping job losses and for adding around $850 million deficit to the country. On the positive side, the stimulus did provide a temporary cushion to the economic downturn. The plan was to create or save 3.5 million job opportunities in 2 years. Most economists have checked the figures and concluded that this is on track. It cannot be denied that this has helped the country during the difficult economic times.... 


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