Thanks for taking a peek at my new lifenews blog. Put together with my own fair hands, I love articles on Business, Entertainment, Finance,  and of course my favourite Technology.

No blog is really complete without it’s own Real Estate section. Oh, and there’s something for the fun lovers..Travel and Health articles. Enjoy.

Popularity: 22% [?]

When US is falling into the trap of recession, people are worried to safeguard their jobs and homes. Among these people, there are some smart people who are looking for recession proof business opportunities. And here is what our analysis says:

Health Care: This is one industry which would never fall flat on the face of recession. As people are becoming more and more conscious of their health, premeditative segment of health care industry would grow. This includes food supplements, mineral supplements etc. Drug segment is also going to grow due to increasing lifestyle diseases like BP, cardio, arthritis etc.

Collection and Debt Reduction: With the growing popularity of plastic money, everyone is used to credit cards and debts. And with the increase in number of people who are going to take loans, the debt industry would only become stronger and stronger.

Communication: Mobile phones are no more a luxury. It is a necessity. People don’t use communication devices only for communicating with others but use them to entertain themselves and maintain a status in the society. Moreover, telecommunication companies are also launching upgraded models every second day. This leads to more sales.

These are three recession proof businesses which can make people richer even with growing recession.

Popularity: 21% [?]

Investors are beginning to worry as the US dollar shows no signs of recovery. Thursday swathe US dollar dip three points below the Japanese Yen. People are beginning to ask themselves whether or not the US dollar will ever recover? The thing is that this is not the first time that the US economy has dipped so far below however it certainly is the first time in thirty years that people are beginning to think that the US economy has passed way beyond the point of redemption. One of the biggest expenditures is the ever expensive war on terror which according to some experts should have actually boosted the economy owing especially to the hardware and supplies that are used up due to the war. Remember what the second world war did for the US economy? It actually brought it out of the great depression. Now in my opinion a war is certainly the last thing we need the current need of the hour is to actually get out of these wars and get automobile manufacturers to start manufacturing and exporting American cars again. However we all know that this is easier said than done as unlike before there is a global economic crisis looming and people around the world are holding back their expenses.

Popularity: 26% [?]

Now everyone who didn’t qualify for the economic-stimulus checks last year probably remembers how frustrating it was. Those checks weren’t handed out to many people primarily because their income in 2007 exceeded a certain threshold that qualified them for the checks this as well as many other factors meant that those people didn’t get their stimulus checks.
Now everyone who didn’t qualify in 2007 have a second chance in 2008. These checks are for those people who lost their jobs in 2008 or those whose income level fell. A little-noticed tax-law twist will get them this second chance.
This is a great chance for people who are earning under $60,000 a year. The economic stimulus law was originally enacted last February and the tax break you receive is based on your yearly income as well as many other factors including the size of your family etc. If you were deprived last year of your check make sure you file for it this year.
My forecast for this year is that the number of people that apply for these checks are going to shoot-up dramatically.

Popularity: 3% [?]

Home prices had peaked in 2006 but got down by 20% in 2008. What will be the housing trend in 2009? Most people would like to think optimistic and but economic experts predict another 15 to 20 percent decline until late 2009. This means the real estate market will have to go through another lousy year.

The million-dollar question: what will happen when home values fall lower in 2009? There could be a lot of bargain houses to be sold; thus, pushing the demand factor to high mode. This speculation could lead house prices to rise at 3 percent.

With these contrasting views, strategies will depend on whether you are a home buyer or a home seller.

For home buyers:

1.    Look for houses that are on sale for more than 3 months. Sellers know that there are a lot of houses for sale so they will be easier to deal with even when you offer a lot less than the actual price. You may start at 10% below the asking price.

2.    Add hefty points to your credit score. 2 years ago, a 680 score could give you the best rate on any mortgage. These days, your score should be 780 to 820. Paying off your debts regularly will largely improve your credit score.

For home sellers:

1.    Play the waiting game, especially if the value of your home suffered a 40% decline. Listen to advice from economic experts to wait and see.

2.    Primp your home as though you plan to live there forever. Add modern fixtures or other architectural details that enhance the design of the house.

3.    Lower your asking price by 5 percent. Do a research on the home price appraisals in nearby towns or states, especially the price of the houses sold recently. Offer a discount based on the price of houses that are similar to yours.

Popularity: 7% [?]