Economy

More Signs Point to Weakening Economy

Data released this week by the Federal Reserve Board of New York is sending up red flags that consumers’ financial conditioning may be weakening, and signs of a recession may be on the horizon. Economists are pointing to a record number of individuals who are behind on their auto loans …

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Tax Return Totals Down 8% From Last Year: IRS

The numbers for the start of income tax return season for the credit and collection industry are not as great as one might hope, according to data released by the Internal Revenue Service. The average income tax refund through the first week of filings is 8% lower than the same …

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ARM M&A Activity Cools Off in 3Q

Following two straight quarters of at least $1 billion in merger & acquisition activity in the ARM industry — after only one $1 billion quarter in the preceding three years — there had to be a bit of a slowdown in dealmaking, which was the case, according to data released …

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People Moving Abroad to Avoid Repaying Student Loans

A published report spotlights three individuals who moved abroad from the United States for one reason — to get out from under their student loans. One man moved to India, another is now a permanent resident in the Ukraine, and the third is living in Japan. All three sought a …

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