Financial Accuracy

There are a lot of people that have turned away from Netflix after they decided to raise their prices this year. There are a lot of people that do not realize that Netflix’s CEO Reed Hastings has a clear view of the way that the public has changed their view of his company.

Customers started complaining and cancelling with such high rates that Netflix reversed their plan to charge separate prices for DVDs-by-mail and streaming videos.

“We moved too fast with it,” Hastings said. “We berate ourselves tremendously.”

As he gave the media a blunt talk about the company, he emphasized that the company is going towards streaming. Although the company will not do anything to hurt the DVD business, their focus will continue to be on their streaming.

Over the past six months Netflix’s stocks are down 74%. Hopefully, the company has learned its lesson and will be able to start increasing the number of people that view the company positively.

A group of lawmakers gathered to propose a solution to save the United States Postal Service. This proposal will allow the post office to close on Saturdays in two years, close post offices around the country and buy out a large number of postal workers.

The Untied States Postal Service has been struggling in recent years. There are a lot of people that have been stringently opposed to bailout the post office.

Although the post office has already upped the price of the stamps, there is a payment that the U.S. postal service owes to the Federal Retiree fund. This $5.5 million payment is something that the postal service is expected to default on.

This proposal is just the beginning of what will eventually be a total reconstruction of the postal service. Do your research so that when the vote comes to your area you will be able to vote for the best proposal for the United States Postal Service.

Many do not understand how influential the Greek market has been on the American market and markets all over the world. The Asian and European markets have been showing some volatile movement in recent days because the Eurozone debt crisis is becoming an exceedingly worrisome problem.

The world has reason to worry because these problems show the potential problems that will emerge with global economic growth. The markets in Hong Kong, Japan, Frankfurt, London and Paris all dropped significantly this morning. The Dow Jones in the United States also dipped but this drop was not as significant because of the good news that has come from the American economy.

Greece is expected to run out of money this week. The country as a whole has proposed a budget with a huge amount of cuts, but the country has yet to approve it. The only way that the country will financially make it through the next month is if the other European countries decide to pay more into the country to bail them out.