Cameron Turns Back the 'Do Nothing' Charge Onto Brown

David Cameron has just announced a plan to abolish income tax on savings for basic rate taxpayers. Good ... David Cameron's National Loan Guarantee plan, which would get credit flowing again to businesses ... of tax• Raising the tax allowance for pensioners by £2,000• Publishing reports, for consultation [more...]

Date: 2009-01-05 12:41:00

Blog posts (202) | Videos (109)
 

The Lib-Lab-Con Consensus of Economic Folly

The dramatic move by the Bank of England to slash interest rates by a massive 1 ... that the collapse of demand in the British economy caused by the ‘credit crunch’ may precipitate a full ... ) stimulus. With Chancellor Alistair Darling’s Pre-Budget Report due shortly, an extraordinary degree [more...]

Date: 2008-11-11 15:38:07

Congress Seeks To Move Up Credit Card Act Implementation To December 1st [Surprise]

Today, Reps. Barney Frank and Carolyn Maloney are going to request that the implementation date for the rest of the Credit Card Act 's rules be moved to December 1st of this year instead of February 2010 , after seeing companies "jacking up their rates and doing other things to their customers in advance of the effective date" all summer, reports Mary Pilon at The Wall Street Journal. [more...]

Date: 2009-09-24 15:09:36

Tories versus loan companies

Tory Housing Spokesman Grant Shapps recently published a report entitled Pay-Day for Loan Sharks which complains that companies lending small sums of ... 10,000% APR. The big conclusion here is that lack of competition in the Payday credit market ... , but if the government thinks that the problem will be solved by lower official interest rates then this re [more...]

Date: 2009-01-09 12:08:03

A 90?s Flashback for Commercial Property

Angela Pruitt reports: Commercial property is bracing for a tough time that could morph into a crisis similar in scope to the free ... in history. But with the credit markets in lock-down mode, consumer confidence battered ... on investment-grade corporate debt,” Kirby said. “Those rates have gone up north of 9%. That’s bad news [more...]

Date: 2008-11-26 15:40:57

Today's Cartoon: Taking The High Road

According to Rasmussen Reports,a poll conducted on July 1, 2008 shows that Congress now has an all-time low favorable approval rating of 9%! ... for months to create a software "patch" released on Tuesday to repair the problem, which is in the way ... of businesses such as bank or credit card companies to trick them into disclosing account numbers [more...]

Date: 2008-07-09 21:49:43

Top 7 Points From Week 3: Favre With the Topper

Andy Benoit has been writing the N.F.L. preview book series “Touchdown” since age 11. He is the founder of NFLTouchdown.com.7. Eric Mangini Losing BrownsIt’s hard to tell whether Eric Mangini has lost his players or whether he simply never had them to begin with. Either way, the Browns are now the biggest mess in football. Midway through being shellacked by the Ravens, Mangini benched slow-processing starting quarterback Brady Quinn for slow-everything-else quarterback Derek Anderson. [more...]

Date: 2009-09-28 18:14:20

Moody’s Techniques Deeply Flawed – Analyst Blog

Moody’s allegedly hastened the credit crisis earlier in the decade by assigning top ratings to mortgage-backed securities that deteriorated later. Moreover, it is being probed by regulators worldwide, with several ongoing reviews in Europe for rating a European debt product, constant proportion debt obligations (CPDOs), at a higher-than-merited AAA.   According to the Wall Street Journal , Eric Kolchinsky a former analyst with Moody's Corp. [more...]

Date: 2009-09-28 14:34:15

Financial Dispatch: Private sector still losing jobs

Andrew Torgan CNN Financial News Producer The first of this week’s big employment reports is out and the numbers are a bit of a disappointment. Payroll-processing firm ADP says private-sector employers cut 254,000 jobs in September, down from a revised 277,000 in August. But that is the smallest monthly total since July 2008, even though it’s worse than the 200,000 loss economists had forecast. Large businesses, those with 500 or more workers, let 61,000 workers go in September. [more...]

Date: 2009-09-30 16:14:02

Distressed For Sale

While buying and selling regular homes might provide you with a limited profit margin, it is in buying distressed homes, rehabbing them and then selling them off, which can provide you with a very high margin. This specialized niche will require you to develop an extensive network of information of sellers and buyers and thorough legal knowledge to ensure that you do not get stuck with a desirable property at an undesirable rate or get caught in a legal wrangle after you have purchased it. [more...]

Date: 2009-09-30 10:22:22

Buy a student car loan without any difficulty

Amazon.de Widgets Cars are becoming a necessary part of every individual’s life. Becoming owner of the car is a dream of every body whether it is office employee or business men. Even a student would want it for his personal needs. By having his own car saves lot of time in traveling and one does not have to wait to go to the place he thinks. Every possibility of getting a student car loan from the market. You must have face to face meeting with the lenders for driving away your dream car. [more...]

Date: 2009-09-29 10:14:45

AEI Interns’ Transcripts in Date Order: Their Own First Draft of History

First of all, I want to reemphasize everything Laurie just said. This is not a new threat, and this is not a threat we did not know about. Saddam Hussein has, in many ways, openly dreamed of mass death in the United States. He has shared his dreams with his nation and the world many times. We also know he has actively planned to do so many times, and Laurie’s book is a rather convincing argument that he is active and successfully implemented plans to do so as well. [more...]

Date: 2009-09-28 08:30:21

Dispatch from the Front: The Week of September 28

Foreign policy seems likely to dominate President Obama’s schedule this week: Iran, Afghanistan, and China marks the 60th anniversary of one-party Communist rule. Health care dominates Congress, although there is the little matter of the continuing resolution to keep the federal government open. The bill is in the Senate. The House convenes at 12:30 p.m. Tuesday with 28 bills on the suspension calendar. Congratulations to Hillerich & Bradsby Co. on the 125th anniversary of the Louisville Slugger . [more...]

Date: 2009-09-28 12:20:12

DISASTER: Financial Regulation Is Getting Even More Complex

Despite all the huff and puff commentary about the dangers of complex financial innovation, a far more real threat to our economy has proved to come from complex regulations. And the problem of regulatory complexity has only become worse thanks to the plethora of programs produced in an effort to prop up the banking system. One worrying sign of the growing complexity of financial regulation is the size of a recent volume produced by a top New York City law firm. [more...]

Date: 2009-09-28 13:55:48

When Is a $3.4 Trillion Loss Supposed To Be Good News?

A $3.4 trillion loss may be perceived as good news when it was previously projected to be $4 trillion. That said, when losses of this magnitude are buried in a mix of financial chicanery and accounting charades, the impact is not lessened but only extended. The loss to which I refer is the projected global writedowns on a wide array of toxic loans and assets as put forth by the International Monetary Fund. The IMF released the Global Financial Stability Report yesterday. [more...]

Date: 2009-09-30 18:45:42

Restore Your FICO Score – Part Three

In the previous parts of this article we discussed how FICO score can impact your financial status as well as the initial steps that you can take to begin restoring your FICO score. We covered handling collections first since they do have a big impact on your overall score, but there are a few other ways that you can quickly see a big jump in your score. After you have the collections on your account either settled or verified, double check to make sure that they were removed from your credit report. [more...]

Date: 2009-09-29 23:17:33

Following Grueling Financial Times You Can Re-establish Your Credit

September 29, 2009 | By Kevin Lynch In Blogging | by Kevin LynchRebuilding credit after a time of monetary hardships, insolvency, repossessions or other monetary damage that blemishes any credit report can be frightening and baffling. For most people these are times of awful pressure. But times change and situations change so don’t let the liberation than comes when the income and cash get back in line be overshadowed by the problems left on the credit report. [more...]

Date: 2009-09-29 17:00:00

Know the Basics of Buying a Home

When it feels about time to stop renting and time to purchase a home there are a few basic things that you should understand. Here are the steps you will need to take in order to make purchasing a home more than just a dream. First, get a copy of your credit report and clean up your credit record as much as possible. This will help you when it is time to get a loan from the bank. Second, go to your bank. Talk to a loan officer and tell them you want to buy a house. [more...]

Date: 2009-09-29 19:52:42

Freescore.com Sues Yahoo To Reveal Blogger's Identity [Intimidation Tactics]

Freescore.com is one of those online companies that offers a free trial, and then attempts to enroll its customers in a $30/month subscription service. Now they're suing Yahoo in an attempt to reveal an anonymous blogger who quoted a Reuters article when criticizing the service, and who pointed out that Freescore is owned by a company with a reputation for billing customers without permission. You may have seen Ben Stein hawking Freescore.com on your TV in recent months. [more...]

Date: 2009-09-28 18:13:18

Your Credit Report Card

Mark Frauenfelder is the co-founder of my favorite sites, Boing Boing (which is a “directory of wonderful things”). Mark’s also a GRS reader. He dropped me a line the other day to tell me about a new project he’s been following. Today, Credit.com is launching a free new online financial tool called Credit Report Card . This tool is designed to provide users with a quick snapshot of their credit reports. [more...]

Date: 2009-09-29 18:00:31

Credit Repair! You May Have A Bad Credit Rating And Not Even Know It

When we talk about credit repair, most of us believe that repairing our credit rating is directly related to our mis management of our finance s, and in most cases that is true! However, many of us don’t realize that thousands of men and women every year find out they have bad credit due to credit fraud, and if you’re not 1% sure on how this happens, it’s a method by criminal organizations that are stealing your identity and using it for financial criminal activities. [more...]

Date: 2009-09-30 14:31:03

Reed’s Bargain Bin: Ballistic: Ecks vs. Sever

Reed’s Bargain Bin is a recurring column where Reed Farrington tells us about a movie he bought for under $5, and whether or not he regrets the purchase.“Blowed ‘em up good, blowed ‘em up real good!” If Big Jim McBob and Billy Sol Hurok from SCTV’s Farm Film Report had been on Rotten Tomatoes’ (RT) staff, then there’s no way that Ballistic: Ecks vs. Sever (BEVS) would ever be in the list of RT’s worst movies of the past decade. [more...]

Date: 2009-09-28 13:09:52

Confidence Picks Up in Clean Tech Funding: Report

Thank billions in government funding for helping to lift clean technology investment in the third quarter, said the Cleantech Group and Deloitte in a report Wednesday. The quarterly analysis reiterated that the recession has kicked but not killed investments in this sector, which remain down 42 percent from the third quarter of 2008. Biotech and IT combined receive less funding than clean tech, which continues its climb from the second quarter, the report noted. [more...]

Date: 2009-09-30 15:00:25

Discover How To Make The Best Deals With Original Creditors

By Michael Redbourn There are lots of articles around that explain how to talk or not talk to debt collectors and many people think that they should handle negotiations with the original creditor in the same way, and that's absolutely wrong. The original lender doesn't have to help you at all, but if you handle the negotiations in the right way you might save yourself around 45% of your total debt, and you might get the very best comment on your credit report too. [more...]

Date: 2009-09-29 01:02:09

Free Identity Theft Monitoring for AAA Members

If you’re an AAA member in California, Hawaii, New Mexico or Texas, you’re suddenly eligible for a free credit monitoring service, provided by Experian. While I was looking through the fine print (a free service for you provided by ConsumerismCommentary.com), I found this, which gave me pause: You are receiving a complimentary credit monitoring membership. Your membership is effective for the period disclosed to you when you received your activation code. [more...]

Date: 2009-09-29 11:56:15

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:44:48

Best Mortgage Refinancing Rates

When a homeowner refinances, they always want the best mortgage refinance rates possible. Getting the absolute lowest rates will save a homeowner a lot of money. Here is some help for homeowners who want the best mortgage refinancing rates available. See If You Qualify…….! Know The Current Average Mortgage Rates Newspapers, television programs, and the internet have daily reports on what the average interest rates are for a mortgage refinance . [more...]

Date: 2009-09-30 05:34:57

The Man Who Cried Ponzi

Michael Lewis, author of “Liar’s Poker,” looks at the many intertwined interests that kept Wall St. embroiled in such questionable practices ... . In his devastatingly persuasive 17-page letter to the S.E.C., Mr. Markopolos saw two possible ... , as we now know, it was. Harry Markopolos sent his report to the S.E.C. on Nov. 7, 2005 — more than three [more...]

Date: 2009-01-04 13:44:31

A Broken Financial World

Our leaders have framed the problem as a “crisis of confidence” but what they actually seem to mean is “please pay no attention to the problems we ... other than what he said he was doing. In his devastatingly persuasive 17-page letter to the S.E.C. ... Scheme.” Which, as we now know, it was. Harry Markopolos sent his report to the S.E.C. on Nov [more...]

Date: 2009-01-04 13:44:31

Unilateralism Spells Cop Out - Olmert/Livni Buckle!

If these two reports below are correct, and I suspect they are reliable, it would be a travesty of justice perpetrated by Olmert, Livni and Barak ... , politicians must do something, be seen as pro-active for fear of being perceived as unresponsive. Bad medicine is bad medicine. (See 2 below.) Even if the two most powerful men in our tax system [more...]

Date: 2009-01-17 03:50:00

TNS National TV Ratings (Sept. 25-28): Tayong Dalawa ends on top, Lovers In Paris opens modestly

It’s a sad but happy farewell for ABS-CBN’s powerhouse drama series Tayong Dalawa, which was topbilled by Gerald Anderson, Kim Chiu, and Jake Cuenca. After its eight-month run, Tayong Dalawa bid farewell last Friday, September 25, with a very strong 45.8 percent to lead all primetime programs. This is according to the latest overnight ratings of [more...]

Date: 2009-09-29 15:17:33

The Brain Hammer review of MY BLOODY VALENTINE 3D!!!

First things first, the title of this review is misleading. I didn’t actually get to see MY BLOODY VALENTINE 3D, I saw MY BLOODY VALENTINE 2D. No eye popping 3D magic for me, I’m not lucky enough to live in a big city with one of them there fancy ass movie places. As a result, I got to watch a horror movie shot in 3D in boring old 2D [more...]

Date: 2009-01-17 13:54:54

Economic Potpourri December 26, 2008

The barrage of noteworthy economic news continues unabated. I took a lot of time off posting Christmas Eve and Christmas. Here are a few headline news reports of interest from the past couple days that have been stacking up.MetLife Drops as Commercial Mortgage Defaults LoomMetLife Inc. and Prudential Financial Inc., the largest U.S [more...]

Date: 2008-12-26 11:26:00

?There Can Be a Mortgage after Foreclosure

Having a home foreclosed on an individual or couple can be devastating to them personally as well as financially. This blotch on their credit rating stays for quite a few years. They probably think their chances ... rebuilding your credit rating. This needs to be your first priority. Although you’ll probably want [more...]

Date: 2009-01-16 05:17:01

UAE banks assigned negative outlook

Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . However, the credit rating agency added that UAE banks generally enjoy strong economic fundamentals, were ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets [more...]

Date: 2009-01-15 16:23:15

Warning to taxpayers, investors — Part 2: Nukes may become troubled assets, ruin credit ratings

Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per kilowatt-hour — triple ... its credit ratings several years into the project, according to a new report from Moody’s Investors Service… ... in a sharp downgrading of the utility’s credit rating. The application by Florida Power & [more...]

Date: 2009-01-07 13:43:01

By The Time You Know “The Why”…

Let’s update our analysis of Siemens AG (SI) and Banco Santander (STD). Siemens AG (SI) Late last year, I wrote about Siemens AG (ADR) (NYSE:SI) ... the credit crisis could lead to order cancellations and price erosion in the second half of the year ... Lynch cut its rating on Siemens to neutral from buy and cut its price target on the German [more...]

Date: 2009-01-15 20:35:00

Your Credit Rating And You

by Steve Collins Credit ratings, at their most straightforward, are personal debt histories ... assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain ... . Credit ratings can haunt us for our entire life, providing a often worrying picture [more...]

Date: 2009-01-17 22:23:20

Why Your Credit Rating Is Important

by Steve Collins Credit ratings, at their most straightforward, are personal debt histories ... of our financial behavior. Lenders and credit card companies look to credit ratings for the most simple assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain [more...]

Date: 2009-01-17 22:27:43

September 28th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CHIP, CUR, CVM, ENZ, IMUC, IWEB, SRCO, SVUL, XSNX Markets finally snapped their winning streak last week, as weakness in housing markets and durable goods orders led to broad-based declines in all of the major indices. All told, the Dow surrendered 155 points on the week to close at 9665, down 1.6% on the week but up 10.1% on the year. [more...]

Date: 2009-09-28 21:05:11

Barclays loses billions off its share value - The Times, uk - link (aqui)

January 17, 2009Stock plunges after ban on short-selling endsJohn Varley, chief executive of Barclays Group, and Bob Diamond, ... be valued in the bank’s books. A downgrade in the creditworthi-ness of some credit card companies – ... . The Treasury will also hold out the prospect of creating a “bad bank”, to take the toxic assets off [more...]

Date: 2009-01-17 11:10:00

Consumer Credit Counseling

Consumer Credit Counseling January 17, 2009 at 5:00 pm · Filed under Credit Counseling Services div style=’float: right; width: 100px; padding: ... on financed loans and credit card debt can become onerous and when you add in penalties and late fees ... impossible for anyone to compete in today’s arena without the aid of a credit card. And that’ [more...]

Date: 2009-01-17 22:00:36

CBS Cites Liberal Historians to Label Bush ‘Worst President in American History’

On CBS’s Sunday Morning, correspondent Thalia Assuras examined President Bush’s historical legacy: "On January 20th, 2001, ... the worst economic crisis since the Great Depression." Assuras cited two historians in her report, both ... , it is almost void of genuine accomplishment." The other historian Assuras included in her report [more...]

Date: 2009-01-12 18:25:54

You Need Credit Scores With A Credit Report

By John Rasor the importance of knowing and understanding your credit history and score I recently logged on to annualcreditreport ... that people with bad credit are more likely to file a claim than people with good credit. As a result ... .com to get my once a year free credit report but to my surprise there were no credit scores [more...]

Date: 2009-01-17 19:01:47

Noah's 2009 Predictions

A: Lets keep the tradition going and I apologize in advance for the length of this, hopefully you can find 5 min to read it all. Here were last years predictions for 2008, published December 27th, 2007; if you haven't read it yet and are new to this blog, please try to read it before continuing so you can see where I was right, [more...]

Date: 2008-12-24 15:28:05

Economist Tom Sowell On Dennis Prager’s Radio Show

Dennis: "I am about to speak about one of the clearest thinkers living. One of the top five…" "Allen Estrin, my producer, said America would be different if every college kid read this book. "The first edition of Applied Economics, I asked him if he had a department in charge of naming his books [more...]

Date: 2009-01-15 16:22:12

Why Even Good Credit Might Get Cut

(Photo: Dan Esparza) You can afford your mortgage, you have a high credit score and you pay your bills on time every month. So why did American Express just slash your credit limit? Could be because of where you shop? A combination of the credit crisis and the increasing use of predictive analytic models [more...]

Date: 2009-01-16 02:35:39

Volcker Group’s recommendations for financial reforms

by Rolfe Winkler, CFA Volcker’s “Group of 30″ released its report today on suggested reforms for financial markets.  The full 80 page report has to be purchased for $49.  They did release a shorter version ... .  They've got their hands full just measuring the credit risk of their loan books. “To guard against [more...]

Date: 2009-01-15 21:00:18

Your Credit Rating Is Important

by Steve Collins Credit ratings, at their most simple, are personal debt histories ... of our financial behavior. Lenders and credit card companies look to credit ratings for the most simple assessment of whether we are a good or bad risk. But what kind of information does a credit rating contain [more...]

Date: 2009-01-17 22:53:50

The Next Big Bubble To Burst: U.S. Treasuries

Everyone in the world knows that the U.S. has a huge debt, and that the U.S. economy is performing poorly. Yet, people are flocking to U.S. treasuries like never before driving yields down to record lows. The U.S. has no plans of stopping the debt train, though, so who knows how high it will go [more...]

Date: 2008-12-15 18:11:33

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