By Monica Herrera | 03/09/2009 - 16:05
Hugo Chavez took to Venezuelan state television on Friday to lament the state of the U.S. economy and urge President Barack Obama to join the socialist movement.
By Mariela Rosario | 02/12/2009 - 17:55
In a recent interview with Pedro Cevcec on Telemundo, President Barack Obama stated plainly that the Latino community has been disproportionately affected by the current economic recession in the U.S. He also told Cevcec that he recognizes that the Latino population is the fastest growing in the U.S., and that many are without jobs or medical insurance and may be facing foreclosure.
By Monica Herrera | 02/04/2009 - 10:55
Even TV stars are having money problems. América Ferrera owns two homes—one on the West Coast and one on the East—but the actress recently put her Hollywood Hills pad on the market for $1.5 million after Ugly Betty moved its set to New York City.
“She’s sad about it, but she doesn’t want to pay for two places,” says a source to Life & Style.
By Mariela Rosario | 01/22/2009 - 12:30
The New York Times announced this week that it had accepted a 250 million dollar loan from Mexican Billionaire Carlos Slim Helú. The money is intended to help the ailing newspaper giant keep its multiple businesses afloat.
Mr. Slim already owns 6.9% of the Times Company, and according to the terms of the contract will invest $250 million more in the form of six-year notes.
By Mariela Rosario | 11/21/2008 - 10:53
According to Perez Hilton, Christina Aguilera is having a tough time finding buyers for her old Hollywood Hills mansion. The home was purchased by Aguilera back in 2003 and features a gym, pool, 12-person spa with a fireplace and a 1,200-square-foot master bedroom. That's bigger than most apartments in NYC!
By Latina Staff | 11/13/2008 - 11:15
Many years ago, cosmetics tycoon and Estee Lauder chairman Leonard Lauder observed that when the economy stalled, lipstick sales tended to spike and accordingly coined the phrase “lipstick index."
During the Depression and in the time following 9/11, there were 25% increases in lipstick sales. “The lipstick index is a way to judge a recession,” wrote NY Times op-ed columnnist Maureen Dowd in 2001. “When the economy goes down, lipstick sales go up. Women indulge in smaller luxuries and skip bigger ones.”
By Mariela Rosario | 09/15/2008 - 13:38
It’s no secret that the economy is taking a downturn. As financial institutions tailspin, homes foreclose, businesses downsize, and gas and grocery prices skyrocket, many of us are starting feel the pinch and some of us may be starting to feel a bit of financial panic. Now more than ever, is a great time to start learn about financial planning. With some expert help, Latina.com put together a survival guide to get you started.