UTICA, N.Y.—Most Americans, 75 percent, don’t believe CEO and CFO’s statements about the outlook of the financial position of their companies are credible because they are reluctant to detail the real problems facing their companies in the current economic environment, according to a Zogby 463 Interactive survey.
Financial illiteracy has become an epidemic. According to a recent report from the National Foundation for Credit Counseling, more than 40 percent of Americans grade themselves a C, D or F on their knowledge of personal finance issues.
RAHWAY—Brothers Ray and Joey Giaccobbe, Rahway High School alumni and owners of Power & Fitness Gym on St. George’s Avenue, recently donated fitness equipment for use by Rahway High School athletics.
ELIZABETH – Carlos Pinho, former president of the Portuguese Social Club in Elizabeth, pleaded guilty last week to stealing more than $2.5 million in a Ponzi scheme that targeted his mostly middle- and working-class immigrant club members.
WOODBRIDGE – A jury convicted a former Woodbridge police officer Friday on charges of assaulting a teenage boy over a three-year period from 1994-97.
CLARK—Colleen Labella of Clark has received the 2009 New Jersey Governor’s Award for excellence in acting.
ROSELLE PARK—Leona M Seufert will premier her acrylic paintings in the Hob’art Co-operative Gallery’s “Hid (IN) Hoboken” group exhibit, which will run until July 15.
MOUNTAINSIDE— “With the 2009 hurricane season now underway, the Internal Revenue Service encourages individuals and businesses to safeguard themselves by taking a few simple steps,” said New Jersey’s IRS spokesperson Gregg Semanick.
Unfortunately, as people become increasingly desperate during tough economic times, crime rates rise. What’s worse – those being targeted are often in dire financial straits themselves.