Ode to Labor Day from the 26.3 million Americans without jobs

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Before you head out to a picnic or your backyard hammock on Labor Day, consider the 26.3 million people in the country without jobs and what today might mean to them.

The American worker should be celebrated today, and so should the American worker who wants a job but can't find one. Along with relaxing and enjoying a day off, workers should try to do something to help their out-of-work brethen.

And there are plenty of us out there. I'm one of the 9.1 million "underemployed" workers who the Bureau of Labor Statistics classifies as "persons working part time for economic reasons." We're working part time because that's all we can get. Either our hours have been cut back or we can't find a full-time job.

That's on top of the 14.9 million people listed as unemployed, a 9.7% national unemployment rate that is at a 26-year high.

Continue reading Ode to Labor Day from the 26.3 million Americans without jobs

Ode to Labor Day from the 26.3 million Americans without jobs originally appeared on WalletPop Blog on Mon, 07 Sep 2009 08:00:00 EST. Please see our terms for use of feeds.

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AfterShark: Daymond John, fashion mogul, went from Red Lobster to the Shark Tank

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For this week's edition of AfterShark, we return to the far side of the table and talk to another one of the Sharks. Following our sit-down with the Canadian tag-team of Kevin O'Leary and Robert Herjavec, we snag a one-on-one with Daymond John, the youngest of the Sharks.

John tells us that he knows exactly how it feels to go begging for money to make a business a reality. Not so long ago, he was a frustrated hat-maker who worked at a Red Lobster. Then, like the entrepreneurs who arrive, hat in hand, every week on ABC's Shark Tank, he began pitching his urban style company, FUBU, to anyone who would listen. Step by step, he became a self-made millionaire whose manufacturing and distribution know-how makes him a frequent target for cash-hungry inventors on the show.

Here's a guy who made his fortune the old-fashioned way: hark work, cunning, and savvy self-promotion. Trace his long road to fabulous wealth (he had to dodge mobster control to get here) and find out the secrets of how Shark Tank is really shot and edited ("We're beating up that guy for ten times longer than you see on the show," he reveals). He may play a bloodthirsty Shark on TV, but Daymond John really wants you to know that he's actually just like everyone else. He just happens to be sitting behind a huge stack of money.

For more videos in our Shark Tank post-show series, bookmark our AfterShark home page!

AfterShark: Daymond John, fashion mogul, went from Red Lobster to the Shark Tank originally appeared on WalletPop Blog on Sun, 06 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

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Become a Lending Club investor and win $2,500

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Peer to Peer lending isn't just a good way to get a loan for consolidating your debt or launching a small business, it's also a great way to invest.

LendingClub.com, one of the best known p2p lenders, is celebrating its growth and the popularity of peer-to-peer lending by giving away $2,500 to its 25,000th investor. Given the $25 minimum investment at Lending Club, that means you could instantly earn 100 times your investment in addition to the average return of 9.64% for loans made through Lending Club.

The contest runs through September, or until the 25,000th Investor joins Lending Club, and is open to all residents of the United States. Even though the contest is celebrating the 25,000th investor, you don't actually have to invest in a loan to enter. If you want to wait until you find the right individual to lend to, you are still eligible to win if you complete the sign up process.

Continue reading Become a Lending Club investor and win $2,500

Become a Lending Club investor and win $2,500 originally appeared on WalletPop Blog on Sun, 06 Sep 2009 15:00:00 EST. Please see our terms for use of feeds.

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The Upside: The recession and the future of marriage

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You hear a lot about the toll the economy is taking on marriages. Both Oprah and Money Magazine are trying to recession-proof your marriage, while the American Academy of Matrimonial Lawyers reports that divorce filings are down by 40%, a phenomenon the NY Daily News calls "sleeping with the enemy."

I can relate. When my and my partner's real estate investments plummeted, we coped by not talking about it -- or to each other. It wasn't long before we were living like Ernie and Bert. Forget the wing-nuts who claim that gay marriage is causing the recession. The recession nearly caused my gay divorce.

Continue reading The Upside: The recession and the future of marriage

The Upside: The recession and the future of marriage originally appeared on WalletPop Blog on Sun, 06 Sep 2009 08:01:00 EST. Please see our terms for use of feeds.

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Free Chik-fil-A chicken sandwich on Monday, Labor Day

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Chik-fil-aWear your sports team logo to a Chik-fil-A restaurant on Labor Day and get a free chicken sandwich.

The free sandwich is from 10:30 a.m. to closing on Monday, Sept. 7.

Free Chik-fil-A chicken sandwich on Monday, Labor Day originally appeared on WalletPop Blog on Sun, 06 Sep 2009 00:01:00 EST. Please see our terms for use of feeds.

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Redskins sue fans over season ticket payment. Who’s wrong?

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Like a pimp after his money, the Washington Redskins are taking no pity on season ticket holders who are hit hard by the recession and can't afford to watch a team that went 8-8 last year.

The Redskins have sued 125 season ticket holders in the past five years who asked to be released from their multi-year contracts, with most saying they've lost a job or are experiencing some other financial hardship during the economic downturn, according to a Washington Post story.

If this isn't the ultimate slap in the face for unemployed people, I don't know what is. It's bad enough to be out of a job, but to be unable to get out of a contract you can't afford, and get sued on top of it for the length of the contract, is twice as bad.

Buying such luxury items, however, is a risk fans take when they sign a contract, WalletPop blogger Zac Bissonnette argues in his rebuttal near the end of this post.

Continue reading Redskins sue fans over season ticket payment. Who's wrong?

Redskins sue fans over season ticket payment. Who's wrong? originally appeared on WalletPop Blog on Sat, 05 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

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Personal finance expert shares her identity theft story

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It was a Sunday morning, in Hyattsville, Md., right about 10:30 a.m., and not exactly the time you would expect your purse to be stolen from your car while you're paying for gas. But that's what happened to Harrine Freeman, igniting a nightmarish plunge into the murky waters of identity theft.

Of course, if it can happen to Federal Reserve chairman Ben Bernanke, I suppose it's not surprising this happened to Freeman. But still, this case seems more interesting given that Freeman is a personal finance expert who knows something about identity theft. Her firm, H.E. Freeman, offers credit repair, and Freeman often conducts personal finance workshops at schools, churches and other organizations.

Freeman, who I interviewed about a year ago in an article that appeared on CreditCards.com, dropped me a line, thinking that WalletPop readers might be interested in her story, and I think she's right.


Continue reading Personal finance expert shares her identity theft story

Personal finance expert shares her identity theft story originally appeared on WalletPop Blog on Sat, 05 Sep 2009 15:00:00 EST. Please see our terms for use of feeds.

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