Getting Naked

Just wanted to make sure you were paying attention because this is an important topic. What’s the likelihood that public companies are being destroyed by millions of shares of stock that don’t exist? Today, the SEC held a hearing about short-selling, which is essentially betting that a company’s shares are overvalued. Georgetown finance professor James Angel explained the benefits on the Marketplace Morning Report : AMY SCOTT: Angel says short-sellers provide a service. [more...]

Date: 2009-09-30 19:21:56

Blog posts (609) | Videos (120)
 

Bailed Banks

The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis has been a failure. The banks welcome public money to remove toxic assets from their books, insured by we-the-taxpayers, as well as the hundreds of billions in direct handouts, but they’ve hardly returned the favor. They’ve used these funds to pay mega salaries and prop up stock values, choices that obviously benefit them. They needed public support, no one wanted the system to collapse. [more...]

Date: 2009-09-30 21:58:57

Entrepreneurship 101: Create Marketing Knowledge About Local Conditions And Opportunities

How did you learn how to create demand for the offerings your company provides? Most people either go to school or learn on the job. Sometimes, they do a little of each . . . as I did. When I was studying at Harvard Business School, two methods were used to teach marketing: cases involving specific decisions facing real marketing managers; and unpaid consulting assignments working for companies with unresolved marketing issues. In either course style the issues studied always related to U.S. [more...]

Date: 2009-09-30 20:21:59

Always Use Caution When Using 0% APR Credit Card Offers

Amazon.de Widgets There is nothing wrong with chasing offers of 0% credit cards, in fact many people have benefited greatly from doing just that, but did you honestly expect the credit card companies to allow this card jumping to continue indefinitely?Offers of 0% credit cards have been around for quite a few years now; they are a successful marketing ploy by the credit card industry aimed at stealing customers from competitors and were an overnight success with a public that was fed up of paying [more...]

Date: 2009-09-30 22:17:04

We’re Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:56:25

The Inauguration Day Drinking Game

What good are momentous events in our nation’s history if we can’t use them as an excuse to get hammered and make some bad decisions? ... Historic” “Monumental” “Kennedy” “Lincoln” “Change” (as a noun) “Most anticipated inauguration in history” ... hippie. Jesse Jackson takes credit for Obama’s campaign. A Fox News correspondent speaks in hushed [more...]

Date: 2009-01-16 15:10:44

Bad Credit Debt Consolidation Loan Advice

Before considering a bad credit debt consolidation loan, think very carefully about your financial status. Once a consolidation loan goes into effect, it often has to remain in place if bankruptcy is declared further down the road. In the past, it was a dishonorable thing to declare bankruptcy, but times have changed with our current bad overall economical situation. Consumers are wise to consider all options before deciding upon what the best option is for your unique financial situation. [more...]

Date: 2009-09-30 18:01:54

13 Comments

229 views Nestle Family Blogger DramaAnnouncements — By Trisha-admin on September 30, 2009 at 3:15 pm I wanted to say, on my own little spot of the world that no one else can regulate (and longer than 140 freaking characters), that I don’t find any of this Nestle crap attacking bloggers appropriate.The message has been lost by those that were trying to advocate a true issue. I would be furious if I was trying to get out information on a cause and this was the result. [more...]

Date: 2009-09-30 20:15:36

We're Still a Nation of Spenders, Not Squirrels

Will we be spenders or savers? It is a big question for the economy. Without a rise in consumer spending it is hard to get economic growth. It is also a big question for retailers and other businesses relying on consumer demand. The evidence on what has been happening so far is mixed. Official figures suggest that retail spending has held up better than many other parts of the economy, with a 2.1% rise in sales volume last month compared with a year earlier. [more...]

Date: 2009-09-30 18:03:11

The House Bounce?

Houses bounce too… Not much happened yesterday. The Dow fell 47 points. The newspapers attributed the reversal to surprisingly low consumer confidence numbers. Apparently, consumers aren’t so sure this crisis is over. As we reported yesterday, they’re saving money…maybe even at an 8% rate. Oil didn’t move yesterday. Neither did gold. The Wall Street Journal reported that markets were reacting to “mixed data.” That is to say, some reports were encouraging. Others were not. [more...]

Date: 2009-09-30 20:00:05

Student Loans Master Plan: Tips to Unearth the Easy Colleges

September 30, 2009 | By Barlena Axelsson In Finance | by Dorothy WestIf you are requiring bad credit student loans, you have fought with ruined finances in recent history, or have not had time to gain a good credit rating. Both of these aspects contribute to what is known as bad credit rating, and getting student cash under either one of those circumstances can be difficult in the ideal scenario.There are several processes you can utilize to make bad credit student loans possible to gain. [more...]

Date: 2009-09-30 18:56:02

Banks want to keep Americans stupid and in debt. A lesson in economics.

The first lesson we learned from the current economic collapse is: The market does not solve everything. Despite what the neo-cons like Ronald Reagan and George Dubbya told us, turning all state responsibility over to the market means that the entire country is motivated by profit and therefore operates under a value system of greed. This market-first government has not benefited most of us. In fact, it's only really benefited the super rich, like Reagan and Dubbya. [more...]

Date: 2009-09-30 17:20:32

Ravens Use Big Fourth Quarter To Put Away Chiefs

September 30, 2009 | By Ross Everett In Blogging | by Ross EverettThe bad news for the Baltimore Ravens in their 2009 NFL regular season opener was that their vaunted defense gave up 24 points despite holding a decided advantage in every other statistical category. The good news was that their offense was more than up to the task, answering with 38 points and a franchise record 501 yards. All told, the Ravens opened their season on a winning note beating the Kansas City Chiefs 38-24. [more...]

Date: 2009-09-30 19:57:52

In The News Today

Barrick and its OTC Short of Gold Derivative Obligations: I am asked constantly how Barrick can cover all their hedges. The answer is quite simple. Barrick does not have to buy one ounce of gold. You buy your way out of hedge contracts with paper money. The simple question is what does the long side want to release the obligation in light of future possible profits on the position? What a hell of a needlessly expensive mess. [more...]

Date: 2009-09-30 19:48:55

Clean Energy Jobs and American Power Act an improvement over House bill on offsets

With respect to offsets, the Kerry-Boxer bill is a distinct improvement over the ACES . It allows a relatively strong approach to offset integrity, avoiding negative social or environmental effects, and facilitating possible integration with other systems. It also addresses some issues that will be important to the functioning of a trading market, but still leaves some uncertainties that could cause problems in the market. [more...]

Date: 2009-09-30 21:05:41

What Is Cesi Debt Free?

by Melinda Harni Each of these websites provides extensive information on different aspects of debt: how to get out of debt, control debt, and on matters related to housing counseling. This is significant, keeping in mind the recent economic recession. Together, all three websites provide all-inclusive information, complete with statistics and figures, in keeping with the CESI philosophy of empowering the consumer on financial matters through knowledge. [more...]

Date: 2009-09-30 23:43:05

The Bank Short Sale – The Best Way Out Of Foreclosure?

by Anthony Mauwer A bank short sale is not the only choice we have to avoid foreclosure – but it is definitely better than some of the other possibilities. If a homeowner is already in this situation, they are already dealing with intense financial anxiety from every angle. If approved for a bank short sale, much of this stress will be alleviated because they’ll be in a great position to purchase another home. [more...]

Date: 2009-09-30 19:33:42

Home Loan Modification – Can You Modify to a Lower Mortgage Rate?

Getting a home loan modification can greatly help you avoid foreclosure and stay in your home.  By modifying to a lower mortgage rate or mortgage payment could go a long way to helping you save your financial career.  If you go through the foreclosure process you are going to find that it will be impossible to buy on credit for almost a decade.  This may not sound that bad but in all reality it makes life extremely difficult. [more...]

Date: 2009-09-30 19:19:52

Bank Bailout Puts Taxpayers At Risk

ABC News' Betsy Stark reports: It all feels less frantic than the government's rescue of the financial system a couple of months ago -- and we can ... , it is reasonable to expect more loan defaults on everything from mortgages to credit cards. And if banks ... these bad assets that are draining bank reserves and investor confidence. In other words, [more...]

Date: 2009-01-16 19:01:22

Just another poly-trickster who happens to be black?

Point of order: I was asked by the Publisher of the News weekly I serve as Senior Op-Ed writer to write a piece suggesting that given Obama centrist ... . It was based losely on a post early this week called: No End in Sight.I feel bad for the next ... GDP, without any strings attached or requirements supposedly to "free up credit markets [more...]

Date: 2009-01-16 23:38:00

The Failing TARP

The more one reads about basic problems in the handling of $700 billion in emergency economic stabilization funds--and the Treasury's stonewalling ... to enrich the people who work for it. Realistically, there is only so much that can be done to fix ... credit-default swaps. . . . Until very recently, companies haven’t had to provide even cursory [more...]

Date: 2009-01-06 13:44:56

At what point do we become over-stimulated?

Okay. So first we have a $700 billion bailout for the financial sector, then we have the auto-industry bailout, now the House has approved another " ... the problem. Every politician wants to be able to take credit for bringing us out of this recession ... that something will work. Maybe we need to step back and let bad companies fail. I know it sounds [more...]

Date: 2009-01-17 11:07:00

If You Have A Debt Problem, Then Admit It!

You Can’t Solve A Debt Problem If You Deny Its Existence.  If you have a major debt problem and want to end it, then go look at yourself in a mirror and say, "I have a huge debt problem, it’s suffocating me, and it’s taking away my freedom", or whatever words feel right to you. If it felt real and you shuddered, then you’re most likely ready to start getting out of debt, but if you think that having overwhelming debts is: a) no big deal,b) something that everybody has right now,c) something [more...]

Date: 2009-09-30 20:42:18

Talking Horses

The one certainty about today's card at Ayr, where jump racing looks set to resume after eight blank days of freezing weather, ... ), who carries top weight in the £20,000 Blue Square Handicap Chase, has the necessary credentials. He won in bad ... , one of three runners on the card for Brendan Powell and Tony McCoy, faces a tough task on this ground [more...]

Date: 2009-01-10 10:00:05

Beating Credit Card Debt Collectors at Their Own Game

September 30, 2009 | By Matthew Highlander In Finance | by Matthew HighlanderConsumer debt collectors! Credit Card debt collectors! There ought to be a law against them! Fortunately, there is a law, and educated consumers have learned how to use it to fend off these debt collectors by making their job difficult.Time is money for a credit card debt collector, who is in the business of collecting unsecured consumer debt, most of which happens to be credit card debt. [more...]

Date: 2009-09-30 20:24:54

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

Opting For Bad Credit Refinance Is Like Walking On Thin Ice by Angus GuyWondering whether it is possible to get a bad credit refinanced or not? Well, you can most definitely get a bad credit refinanced as there are several people who take to this recourse. Normally, your credit ratings dictate the future prospects of availing a further credit. However, despite the low credit ratings; Bad Credit Refinance is definitely an option available.The bad credit situation is a result of various factors. [more...]

Date: 2009-09-30 21:56:17

new year, new software

One of my take-aways from the Creative Capital Professional Development workshop was improved bookkeeping. Artists, stereotypically, are “bad” with money. But the idea is this: manage your time better ... to automatically download my credit card transactions, instead of manually entering a pile of receipts. Still [more...]

Date: 2009-01-17 20:20:26

Relevance of ‘Atlas Shrugged’

Pound to Salinger Creative Commons License photo credit: igb I’ve finished reading “Atlas Shrugged” again, ... have been served up the $700 billion “Emergency Economic Stabilization Act” and the “Auto Industry Financing and Restructuring Act.” Now that Barack Obama is in town, he will soon sign into law with great [more...]

Date: 2009-01-17 17:07:50

A cat fight at the Fed

Apparently they're not all singing from the same hymn book these days over at the Federal Reserve as Philly Fed President Charles Plosser has broken ... , if the world does avoid another Great Depression, what will it look like? This report at MarketWatch tells ... in its efforts to restore the credit markets to health but has stopped offsetting the [more...]

Date: 2009-01-15 07:02:38

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing [more...]

Date: 2009-01-07 18:21:09

Dave Ramsey’s Seven Steps

David Ramsey changed my life. Before David, I never had much money saved, and could never keep it in savings. I had revolving debt. I paid late fees. I paid silly amounts of interest. I worried about losing my job. I was at the mercy of my own bad financial management. It was like a crazed controller handled my accounts, and I was him. After [more...]

Date: 2009-01-17 20:29:43

NFC title game preview

24 hours! The Eagles are 24 hours away from playing a game that none of us expected them to take part in two months ago ... offense, especially the rushing attack. We have to give credit to Andy Reid for opening up the passing ... has a real challenge on its hands, instead of rookie quarterback and then a bad quarterback. Sticking [more...]

Date: 2009-01-17 20:08:01

On Losing…Stuff

It’s seems as though I lost a day, somewhere. I forgot to wish JDawg’s mom a happy birthday and I forgot to mention the winner of the contest I ... me tell you. But, I’ve recovered my temporary spending insanity, have a credit card coming in the mail (first one in five years - let’s play the rebuild our credit game!), and have a couple-few hundred [more...]

Date: 2009-01-17 06:34:55

Bailout Binge: Zombie Edition

You know, Keyser has been ruminating a bit recently about the implications of printing ungodly sums of money to bailout people and companies that made bad decisions in the past and would go into bankruptcy if they didn't get bailed ... , and the only problem is this "credit crunch." So give them a few hundred billion dollars (in return [more...]

Date: 2009-01-17 18:22:00

Random thoughts

So I want to again say a huge thank you for all your kind words regarding my last post. Work is... tense, to say the least ... . He had such a great attitude about the lay-offs, stating that in his mind it is ok for him to go. His sacrifice ... my head this week:Is it bad that I've already decided how I will announce to the world that I'm [more...]

Date: 2009-01-16 16:00:00

Tax or No Tax?

The good news: nearly 50% of American households (47%, to be precise) won’t pay any federal income tax in 2009. The bad news: the remaining 50% (or so) will have to foot the bill for everyone. You can thank (or blame) the new economic recovery package for bumping the percentage of taxpayers who won’t be paying a wee bit higher (about 10%). But don’t just start pointing fingers at the working poor. [more...]

Date: 2009-09-30 20:42:30

Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... , even offer some upfront credit to get the job done. (You can easily dump in hundreds of billions ... sort of no matter what, so once people do it they'll get a huge savings if they were in a bad [more...]

Date: 2009-01-07 12:20:03

Short Term Funding

Readers Question: There appears to be a lack of credit to companies whereas there are huge amounts of money in money market funds ... of recession. A corportate loan has become a lot more risky because of the economic downturn. e.g. ... funds / finance institutions have had to write off bad loans meaning their balance sheets are pretty bad [more...]

Date: 2009-01-17 09:51:39

Four at Four: A Familiar, Comforting Sort of Lousiness

The extended Santa Claus rally was cut off late last week and has run into a more alarming reality this week (other than Santa not being real) ... on the financial companies, and the silver lining appears to be that credit spreads and short-term lending ... should be, relative to the movement on the S&P 500.” So in other words, it’s still bad, but [more...]

Date: 2009-01-14 12:59:00

DVD Round-Up: January 13, 2009

This week, British television comes of age with Skins and The Secret Diary of a Call Girl and Dane Cook makes his third bid for movie ... , bad soap operas and costume dramas based on 19th century English novels.  And while those programs ... are asked to play-act like they’re in high school.)  Skins also deserves credit for tackling [more...]

Date: 2009-01-08 01:40:26

I AM IN LOVE WITH A SOCIOPATH

During these cold months, Molly Young is keen to cosy up at home with her new friend Dexter, a humble, introspective serial killer. Really, he's a mensch with just a bit of blood on his hands ... Special to MORE INTELLIGENT LIFE Just as it takes a certain inner push to learn a new board game or jump into a cold swimming pool, [more...]

Date: 2009-01-08 02:09:14

Bail Me Out

Today's linkIt's Not a Weekend It's a LifestyleSaying for the DayAlways borrow money from a pessimist, he doesn't expect to be paid back ... on the mortgage without fail. He let other things slide. He ruined his credit rating. But he protected his house.Now he can’t get a low rate mortgage to replace the one he has because he has a bad [more...]

Date: 2009-01-16 11:00:00

How to Write a Resume That Will Land an Interview

Many people haven’t looked at their resume in years; they haven’t needed to. But in 2009’s collapsed economy, jobs are shaking out like coins from a piggy bank. If you’ve been laid off or you’re worried you might be, blow the dust off your old resume and bring it back to life. Whether you are just updating or starting from scratch ( [more...]

Date: 2009-01-14 17:10:41

Obama's Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 04:29:19

Sunflower Slate Q&A with Washburn LB Zach Watkins

ZACH WATKINS I caught up with Washburn senior linebacker Zach Watkins on Wednesday afternoon and came away extremely impressed — and ready to dole out some serious Sunflower Slate karma. Here’s the skinny on Watkins — the 6-foot, 235-pound linebacker from Independence, Mo. (hometown of Harry Truman) is only the second player in Washburn history to go over 400 tackles, with 403, and could break the career mark of 459 this season. [more...]

Date: 2009-09-30 22:29:29

Making Work for Ourselves (Part Two)

In part one, I imagined a scenario where one hundred people, selected at random, are stranded on a desert island ... to them. In fact, only forty need to work to satisfy the needs of the whole population. So how would ... , in their capabilities, in their generosity and so forth. There may, arguably, be different degrees of need [more...]

Date: 2009-01-17 15:58:44

Kara DioGuardi Defends Attacking Bikini Girl On Idol

You can’t blame Kara DioGuardi—or any woman, really—for being annoyed that American Idol aspirant Katrina Darrell’s skimpy outfit clouded Simon ... , to be honest with you—I think she had a better body than her face. To her credit, she got so much ... the song. So focusing on looks is bad…and the girl is a butterface? Way to stay on point, Kara. Photo [more...]

Date: 2009-01-15 16:44:15

The Psychology Of Gambling

Check out my Big RSS Subscriber Contest after reading this article. This might seem like an odd post for this blog, but stick with me for a bit. Over the last couple of days, I’ve read some stories about people in positions of some type of authority that have been caught stealing money from their organizations and using that money to support [more...]

Date: 2009-01-17 19:44:58

Time Running Out for Detroit Pistons

Things are looking down for Detroit Detroit Pistons Photo Credit: Icon SMI I’ve seen enough ... , decent, and bad to growing pains has passed. It’s not about the question of starting a “small ball” ... in Oklahoma City, putting in an embarassingly meek effort against the NBA’s worst team record-wise in dropping [more...]

Date: 2009-01-17 09:24:59

Bail Me, Stimulate Me

In a week that signaled much worse is coming, perhaps the more dismal indication on the financial front was that Democrats finally had a chance to ... the kind of behavior that got us here: more bad loans to the wrong people won't en our crisis; they make ... . If that sounds bad, it shouldn't; this week's debate on TARP had essentially the same contours [more...]

Date: 2009-01-16 20:24:10

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