Monday, June 6, 2011

New research states fifty nine percent of parents pay for grownup children

A new research reveals that fifty nine percent of mothers and fathers are still sometimes giving financial support to their adult children who are not students. The study indicates the recession is stopping them from moving away from home. Also examined were so-called “boomerang kids,” or those that move away from home only to come right back again.

A ton of pressure being put down

President and CEO of NEFE, Ted Beck, said, “Parents are continuing their involvement longer than we expected. The general sentiment is that financial pressures are higher for this generation.”

Parents and the young adults surveyed agreed. Of the grownup kids surveyed, 65 percent said their financial strain is harder than their parents’ was. This was something only some of the adults agreed with though. Only 32 percent felt this way. About 43 percent of the adults said they were “legitimately concerned” about their children’s finances. About 37 percent of individuals said they hoped their kids wouldn’t have to struggle financially.

The breakdown

The lion’s share of parental support, at 50 percent, is in housing. Living expenditures were also a big one. About 48 percent went towards these expenditures. There is also the cost of transportation. That is about 41 percent of aid from mothers and fathers.

About 42 percent of those kids who still live at home say they cook and clean to help contribute. About 75 percent said they helped financially.

Other factors involved

”Face It” author, psychologist Vivian Diller, thinks that this trend has occurred because of the economy. “In the last 20 to 30 years, the family structure has become more child-centered,” she says. “Boomer parents were very willing to make sacrifices for their kids, giving them the sense that it would continue until they were on their feet. Now parents are supporting kids’ lifestyles.”

But, she warns, continued fiscal assist could have negative consequences. “Because they have been protected, some children don’t learn reasonable ways to manage money, and they run into trouble.”

How parents sacrifice

Thirty percent of mothers and fathers that were surveyed say they have given up privacy due to adult kids moving back home. And 26 percent have admitted to taking on additional debts. Another 7 percent say they have been forced to delay retirement.

“If parents are going to financially support their adult children, they should first have a serious talk about their kids’ expectations so that everyone protects their financial futures,” Ted Beck says. “We all want to ensure the best for our children. But if you are taking on extra debt or delaying retirement to help your adult child, you could be making a mistake and putting your own financial future in jeopardy.”

Articles cited




Sunday, June 5, 2011

United States continues to wallow in growth recession

Think it’s the time to celebrate economic relief? Don’t get any ideas, suggests Investor’s Business Daily. Slow, inadequate growth is almost the same as backsliding, which typically is a typical indicator that a growth recession continues to be on.

Concerning a growth recession

A growth recession is when the economic growth is low enough that it creates net unemployment. Underachievement in job creation or very low growth is also Growth recession. With job contraction, there remains growth in a country’s real GDP. It is just going too slowly.

What the numbers look like

Here are just a couple of the signs that a growth recession is here, writes Investor’s Business Daily:

  • In May 2011, there were 38,000 private-sector jobs created according to ADP Payroll Services. That is much less than economists anticipated for a growing economy. It needed to be 100,000 jobs more.
  • Challenger, Gray & Christmas showed that there were 37,135 jobs cut in May. From April, that’s a two percent increase.
  • U.S. housing costs fell 4.2 percent in the first quarter.
  • There was a 4 percent decrease in the Mortgage Bankers Association’s mortgage application index. This happened in just one week at the end of May.
  • The Institute for Supply Management’s factory activity index – an indicator of United States manufacturing health – dropped from 60.4 in April to 53.5 in May, the lowest score on the index since September 2009.

Getting back into the recession we left

Most economists believe the May 2.7 percent GDP in the United States isn’t enough to get unemployment back to normal. The only way for the U.S. government to avoid the double-dip economic downturn is to match the growth with the borrowing, which is at $1.5 trillion in 2011.

Michael Pento is the Euro Pacific Capital senior economist who believes that economic health will not return unless the U.S. changes things.

“Genuine government stimulus comes from low taxes, stable prices, reduced regulation and low debt,” said Pento. “Our economic policymakers have scrupulously avoided such remedies.”

We will be repeating what has just happened in summer 2011. This was what the Indypendent thinks will take place. Spending cuts and tax increases are apparent in almost every city and state. The Federal Reserve is backpedaling at the moment. Combine anything and the United States will likely face not just a growth recession, but a full-blown return to depression.

Growth recession at teatime

Information from


The Indypendent

Investor’s Business Daily

Friday, June 3, 2011

Aaron's rent-to-own accused of watching customers

Aaron’s, the Atlanta-based rent-to-own franchise, is being sued by over confidentiality issues by a Wyoming husband and wife. The couple alleges that a computer they rented last year was used to spy on them in their home. The suit has raised issues about confidentiality and the ethics of cyber technology.

Rented computer picture

The supposed violations came to light on December 22 of last year when a manager from a Casper, Wyo., store arrived at the home of Brian Byrd, 26, and his wife Chrystal, 24, to repossess a Dell computer. The manager wrongfully believed that they hadn’t made their rent-to-own payment. The manager showed Brian Byrd a picture of him using the computer in his home from a webcam right before he gave the manager a receipt.

The lawsuit has a comment from the manager. He said he was “not supposed to disclose that Aaron’s had the photograph.”

Somebody had downloaded spyware on the computer

The suit further asserts the rented computer was loaded with spyware designed to track keystrokes, make screenshots and take webcam images.

“It feels like we were pretty much invaded, like somebody else was in our house,” says Byrd. “Crystal gets online before she gets a shower and checks her grades. Who knows? They could print that stuff off there and take it home.”

Increasingly more ‘Kill switch’ scenarios popping up

Petere Swire is an Ohio state professor that explains the “kill switch” is a legal thing to do. The Computer Fraud and Abuse Act will allow it to protect the industry. In an emergency, it would be essential to use a kill switch to turn off the machine. Swire continues. “But this action sounds like it’s stretching the self-defense exception pretty far,” he said.

Spyware designer also named in suit

Designerware LLC is situated in PA and was where the spyware used was manufactured. The lawsuit referred to Designerware in it. Aaron’s was not a consumer according to technical support Chief Tim Kelly.

Aaron’s corporation denies knowledge

There are over 1,140 company-owned Aaron’s stores and several franchised as well as the company is a nationwide corporation. Aaron’s supposedly doesn’t know of any franchises that use Designerware goods while saying the Byrds rented the computer from an independent franchise.

Cyber surveillance raises ethics problems

Right now, with computers in every household, cyber surveillance is more common. Computer tracking and video cameras are common in modern offices. Highways and public places almost always have cameras. Most cellphones are equipped with GPS components that can be used to monitor every step we take. Several question the ethics of these practices.

”We’re already concerned that Americans are tracked, followed and spied on as never before,” ACLU’s Jay Stanley said.

The comments lawmakers make

Just like the do-not-call list, the Don’t Track Me Online Act was just introduced. Rep. Jackie Speier, D-Calif., introduced it. The legislation would make it extremely hard for corporations to trade information on users. This is the user’s choice though.



News Tribune

PC Pitstop

Thursday, June 2, 2011

Everyone needs the regular Call of Duty service that can be signed up for

Activision hopes “Call of Duty” enthusiasts will answer the bell yet again for an upcoming monthly subscription program. “Call of Duty: Elite,” a regular subscription program, is currently preparing for testing the game and is accepting summer individuals. By the end of 2011, Activision might offer “CoD: Elite” to gamers for $7.99 or less per month.

The ‘CoD: Elite’ moneymaker great for Activision

Massively multi-player online role-playing games, or MMORPGs, for instance “World of Warcraft,” have been very popular. It just makes sense for Activision to get in on the money by doing a model for the online multi-player FPS which is a very popular game on the console and PC. Activision’s VP of Digital Business, Jamie Berger, explains that the “Call of Duty” universe will lock in players just like most modern video games.

“In an always-on world, the competition for our players’ time has exploded,” he told Wired. “Online interactivity and community is critical for us to face that world. It’s what sets apart games with growing audiences from really great games struggling to find an audience.”

The belief that ‘Black Ops’ will go ‘Elite’ makes Americans happy

”Call of Duty: Black Ops” will be showcased in “Call of Duty: Elite.” Black Ops was the best-selling game in United States history in February, NPD research confirms. There are over 30 million individuals that spend over 170 hours each year playing “Call of Duty” games.

Activision points out that “Elite” won’t cost supporters $60. “Call of Duty” enthusiasts won’t have to make a trip to the store. Players are able to continue the “call of Duty” saga online in many chapters with “Call of Duty: Elite” which is not really a game at all. Analyst Bill Harris at the blog Dubious Quality explained that the game should get FPS online multi-player supporters interested while being Activision’s “Holy Grail” they need.

How ‘Call of Duty: Elite’ works

GamePro explained that “CoD: Elite” will be awesome. More than player-versus-player battle will occur. The “Elite” game will have several categories. They will break down like this:

Career: Where total analysis of your play style and weapon choices occurs, as well as intensive play map details. If you think you’re an FPS pro but haven’t seen what ‘Elite’ can do, reconsider your professional status.

Connect: ”Call of Duty” followers can socialize here. Go crazy with it in chats and groups.

Compete: Matchmaking on FPS is really great. It is just like eHarmony style. Expect a fight. Firepower will be strong.

Improve: Get tips for “Call of Duty” here.

Articles cited

Call of Duty: Elite

Dubious Quality



‘Call of Duty: Elite’ Legend of Karl trailer (Note: Contains video game violence)