One Way to Protect Against Identity Theft

When information gets stolen, it is used in various ways. Sometimes the thief may use it to drain your bank account, for example ... will not extend credit without first pulling a consumer’s credit profile. If you place a “security freeze” on your credit profile, the reporting agencies are prohibited from releasing your credit [more...]

Date: 2008-09-22 21:10:55

Blog posts (132) | Videos (20)
 

It begins.

I made a lot of money in the stock market today. The reason is because people realized Alcoa was *probably* going to report dreadful earnings, ... in the historic credit freeze and collapsed steel market (Alcoa sells steel!). The estimates were ... to report in the S&P 500 earnings season. They are something of a barometer for the flighty, never [more...]

Date: 2009-01-13 02:04:45

What Happens AFTER You Get Your Identity Stolen

Having your identity stolen is far more damaging than just losing money ... . Get a new license.  Close bank accounts.  Open bank accounts.  Contact all credit bureaus to freeze your credit and activate fraud alerts.  Contact the FTC and report ID theft.  Call here, email here, drive [more...]

Date: 2008-07-29 19:02:03

Jobs Report: How Much Worse Can It Get?

The latest employment report, showing 533,000 jobs lost in November, ... that the labor market had been deteriorating substantially even before the worst of the credit freeze ... payroll report comes out in a month. (In 1982, employers slashed 2.1 million jobs, the worst year [more...]

Date: 2008-12-05 17:15:00

October home sales beat forecasts

By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) — Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing ... according to a report out Tuesday from the National Association of Realtors (NAR). Analysts [more...]

Date: 2008-12-09 15:37:04

Tiny charges could mean big trouble

Ever charged 19 cents on your credit card? I never have, and I imagine most of you haven't either ... like this, dispute it with your credit card company. Also, report the crime to the Federal Trade ... amounts from your account. Placing a security freeze on your credit files might be a good idea [more...]

Date: 2009-01-12 22:37:24

Despite turmoil, pending home sales stronger than forecast

By Les Christie CNNMoney.com NEW YORK (CNNMoney.com) — Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing ... according to a report out today from the National Association of Realtors (NAR), and were down 0.7 [more...]

Date: 2008-12-09 16:18:03

Could It Be ….. Recovery? If So, Hurry Up Already

I’m starting to like this 78-day presidential transition period more and more. That’s because in another 30 days or so, the economy might (emphasis might) generate sufficiently convincing evidence that it’s fixing itself. Of course it’ ... freeze” on credit to worthy borrowers has struck me as absurd for the three months. The reported [more...]

Date: 2008-12-18 17:29:55

Unrelenting Bullishness

MarketWatch, the Wall Street Journal, Hussman, MSNBC, and Barron's are all bullish on the stock market ... volatility.Analysts and money managers agree that unusually sharp volatility and a freeze in credit ... crisis in the late 1990s, according to a Merrill Lynch report."There are a host of things [more...]

Date: 2008-11-04 11:02:00

Words To Give You Pause On Today’s Economy

Words that give me pause: Now let me tell you something very simple and very important: ... is in the credit markets, which are quickly freezing. I won’t bore you with technical indicators like Libor ... , as I have, they report that the money markets are in worse shape than they were last August, or even during [more...]

Date: 2008-09-26 06:51:28

American Express Delinquencies Hit 4.4%, Defaults 6.96%

Bloomberg is reporting American Express Delinquencies Rise to 4.4 Percent.American Express Co ... basis points over LIBOR last week.Further evidence of a credit freeze can be found in mortgage ... . had its highest monthly increase in credit-card delinquencies on record in October as jobless [more...]

Date: 2008-11-19 05:58:00

US colleges likely to feel the pinch

The estimable Chronicle of Higher Education in the US held a shindig earlier this week with Moody’s Investors Service, ... The potential impacts of the combined credit freeze and recession on some colleges and universities ... . The problem with the mess we’re in at the moment, said a Moody’s report, is that it isn’t going to go away [more...]

Date: 2008-11-14 16:44:12

At Witz' End: Other Views on Detroit

Filed under: AutoblogGreen Exclusive, Green Daily, At Witz End"I hope GM goes bankrupt," said the young California man in the Japanese restaurant ... now," manufacturing expert James Harbour ("The Harbour Report"), told me nearly two years ago, well before 2008's $4 gas killed profitable products and Washington's economic meltdown and the credit freez [more...]

Date: 2009-01-02 00:50:00

What are your alternatives for filing bankruptcy?

The term ‘bankruptcy’ conjures up an image of someone publicly disgraced and broke ... for long. It will remain on your credit report for nearly 10 years due to which no reputed lender ... helps to formulate your IVA. It will help freeze your high interest debts and ensure that you are debt [more...]

Date: 2009-01-16 08:28:53

The Garrett, Watts Report (Oct. 16, 2008)

To Our Clients, Colleagues and Friends, · As we look at the global credit freeze, ... billion.  The government has taken over the banks and gone to Russia for a bail-out loan - but Putin ... Atlantic for his Navy, so now, Iceland will get the loan and Putin will probably get a re-fueling [more...]

Date: 2008-10-16 11:48:24

Will 2009 Be Year of Saving?

For U.S. consumers, 2009 is likely to be the year of saving, rather than spending ... last week that since the credit markets have gone into the tank, businesses have scaled back ... . Financial blog Calculated Risk posted a listing Tuesday of media reports of salary freezes, ranging [more...]

Date: 2008-12-23 10:52:00

The Note: Obama Waits on Change for January

ABC News' Rick Klein reports in Friday's Note: Change doesn’t have to wait until January. Sen. Ted Stevens, R-Alaska, is gone. ( ... has chosen not to play in the current crisis: “With the stock market plunging and the credit market entering a new freeze, cries are being heard for a new government intervention to prop up major financial [more...]

Date: 2008-11-21 13:21:47

Goodbye Circuit City

Goodbye Circuit City Submitted by Doug Thompson on January 16, 2009 - 4:45pm ... out to be too little too late. Reports The New York Times: Circuit City, once a bellwether American ... retailing. Weak chains — unable to weather the freeze-up in consumer spending, and choked by tight credit [more...]

Date: 2009-01-16 20:45:39

The Economy is a Lie, too

Dr. Roberts is a former assistant Secretary of the Treasury, so he knows whereof he speaks on economics issues. And, for the record, he was equally scathing of economic policy under Bush II’s regime. Flashback: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: [more...]

Date: 2009-09-22 12:19:52

Unemployed to reach postwar high: OECD

Well, you’re going to be unemployed for years, but the biggest banks are making record profits, so the economy is doing fine, just a little slow, or so we’re told. Recent: US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: Global economy set to recover, China and [more...]

Date: 2009-09-16 11:31:21

The Media Consortium: Weekly Audit: One Year After the Crash

by Zach Carter, Media Consortium Blogger On Thursday, the U.S. Census released new data on the economic straits many American households faced in 2008. The grim report illustrates a nation enduring its highest poverty level in decades, coupled with a significant decline in middle class financial security. But one year after Lehman Brothers filed for the largest bankruptcy in U.S. history, not a single law has been passed to protect ordinary citizens from Wall Street's excess. [more...]

Date: 2009-09-15 17:50:00

Judge eases restrictions on Harkat

With the sort of obstruction CSIS has been blatantly engaged in, the case should be thrown out. Flashback: Canadian Courts don’t buy word of government | CSIS forced to ‘reveal’ info on secret source in Harkat case | Judge orders recall of CSIS witnesses in Harkat case for potential perjury, obstruction | Tories aim to bring back anti-terrorism provisions | Lawyers slam CSIS on phone recordings | If released, security detainee Almrei to be surveilled, wiretapped, and GPS-tracked | [more...]

Date: 2009-09-21 20:35:39

Gordon Brown urges EU to back new economic order

It’s pretty transparent that the new world order Brown keeps shilling for is being marketed to us as a way to ‘get the bankers’. This is a trick, since it will simply deliver economic power into the hands of a centralized clique of international bankers. The proper solution would be simply to prosecute and prohibit forms of fraud such as derivatives, which always cause the problem in the first place, like clockwork , at the behest of the aforementioned clique . [more...]

Date: 2009-09-18 23:30:16

US dollar set to be eclipsed, World Bank president predicts

Flashback: Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | IMF approves $13bn gold sale to boost lending fund | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister [more...]

Date: 2009-09-28 23:29:59

Feud Has Repercussions for Saudi Economy

Maan al-Sanea, one of the richest men in Saudi Arabia, operates his corporate empire barricaded behind a meter-high concrete wall painted in bright red stripes and a second, higher wall topped with barbed wire. They are reminders of the attack on his company’s residential compound five years ago that killed 22 people.Now Mr. Sanea is under a different siege, this time from the family he married into and which helped make him wealthy. [more...]

Date: 2009-09-18 08:13:09

Ground Hog Ben: Fed Declares Depression Over

by Lila Rajiva LewRockwell.com That’s it folks. Wrap it up. This here recession…er…correction…ER depress…oh, whatever…is over. Time to put away your pens and papers, boys and girls. Professor Bernanke says there’s going to be no test. You hear that? Or maybe, there’ll be one little teeny-weeny take-home. Better yet, you just get to write in and ask for whatever grade you want. Billy Gross, Bobby Rubin, and Jamie Dimon, you boys get A’s, as usual. [more...]

Date: 2009-09-17 12:08:47

G20 nations meet as protests flare on issue of international banking regulation

Again, the summit is being presented as a way to get the bankers, when it is in fact a further centralization of banking power. The picture below tells you much of what you need to know about the G20. And for new readers, it’s not that banks are inherently bad. But at the international level, economies are being governed now by a syndicate of privately held central banks that operate above the law and print money with which to acquire real equity. [more...]

Date: 2009-09-24 22:35:28

Delhi rejects Sachar Committee recommendations on Indian Muslims

The Rajindar Sachar Committee’s report on the social, economic and educational status of the Muslim community in India struck a blow to the Congress’ democratic and secularist assertions made over the decades. It lays out the actual conditions the Muslim minority faces and how it lags behind in terms of human development indicators. It reports that only a small percentage of them are in government service and involved in areas of socio-political life. [more...]

Date: 2009-09-26 01:51:09

Dollar to fall under scrutiny at G20 summit

Apparently the French Press is the only major media outlet that wants to address this issue. Under the pretext of correcting trade imbalances and aiding developing nations, The UNCTAD and Chinese proposals, below, would have the effect of getting SDR bonds into circulation by monetizing international debts, purchasing investments in local currencies, and so creating an international currency based on a floating basket of investments. [more...]

Date: 2009-09-24 21:18:13

Carney says G20 must stay the course on stimulus

Those reading the transcript of the interview may be surprised to discover that, for all the lip service Carney gives the US dollar, Canada holds 40% of its reserve currency stocks in Euros. Holding Euros is not recent - government reports online dating back to 1999 indicate at the time 24 million in Euro reserves were held. there was a coordinated attempt to prop up the Euro in 2000, an effort in which Canada was a player. In 2008, the figure was 238 million . Just a little history. [more...]

Date: 2009-09-25 15:36:08

Bernanke on the Economy

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles.   The major indices staged another incredible rally this week on the heels of a very economically-optimistic Bernanke and Obama. Both believe the recession is over. . . cause for celebration, right?   Advertisement $1.76 Million Per Megawatt That's the going rate for wind energy. And in the next 10 years. [more...]

Date: 2009-09-19 14:46:37

Goldstone’s Gaza

Related Op-EdRichard Goldstone: Justice in Gaza, Sept. 17, 2009Seven responses to the report issued Tuesday by the United Nations Fact-Finding Mission on the Gaza Conflict, headed by Richard Goldstone. Dan Fleshler at Realistic Dove: “I am a self-hating Jew. Sometimes, that is.”Sometimes I hate myself after losing my temper at my daughter or wife, or envying a friend’s success, or not comforting someone who needed comforting. [more...]

Date: 2009-09-17 21:34:43

In The News Today

Dear CIGAs, Here is the newest addition to the family. My daughter rescued this little guy from the Jack orphanage. He is the one and only “Jacket.” He is a new breed that looks a lot like a Jack Russell and a Basset Hound. Jim Sinclair’s Commentary This says it all. Why read the article? More… Jim Sinclair’s Commentary You do not have to be a genius to see that commercial loans are in trouble. [more...]

Date: 2009-09-20 17:50:14

Wayne Crookes vs p2pnet: appeal decision

p2pnet news view Freedom | P2P:- Yesterday afternoon I had an email from my friend and BC media lawyer Dan Burnett. In it he said, simply, “Jon – we won again at the court of appeal http://www.courts.gov.bc.ca/jdb-txt/CA/09/03/2009BCCA0392.htm .” It was a precedent-setting Canadian first . “Vancouver businessman Wayne Crookes appears to have achieved something few, if any, have managed before him,” I wrote in April, 2007. [more...]

Date: 2009-09-16 10:46:31

No surprise here; FBI and likely other federal agencies abuse the use of National Security Letters. Support the JUSTICE Act unless the Republicans can do better.

I have been railing against the Patriot Act (which is anything but) since its passage and I physically protested same back when AG Ashcroft visited Salt Lake City in circa 2003. Numerous provisions of that Act signed into law by the SOB (Son Of a Bush) were and remain egregious. The Patriot Act assailed our rights on so many fronts, not the least of which was broadening the use of National Security Letters (NSL). [more...]

Date: 2009-09-28 19:56:34

Mainstream Journalism, RIP

Last week’s WSJ carried an op-ed from SEC Chair Christopher Cox, “We Need a Bailout Exit Strategy ... , the exact pattern was repeated. Bernanke and Paulson say there’s a “credit freeze,” that the financial ... up to any critical scrutiny. If high officials say credit markets are frozen, that only “bold action” [more...]

Date: 2008-12-17 22:01:01

Should GE be a AAA company," I said "GE Capital isn't even a bank. The FDIC only deals with depositary institutions. Are you kidding me? The US Government is obviously willing to do anything to bail out financial institutions at this point. Forget rules and regulations. Just give them the money." The first statement is actually not correct [more...]

Date: 2008-11-13 12:07:25

Drumbeat: September 19, 2009

Small used cars aren't big sellers as gas stays cheap Despite all the talk about small cars, many used car buyers are thinking big again. Used small cars are taking the biggest hits on value in the resale market, Kelley Blue Book says. Even the once-hot, tiny Smart ForTwo is suffering, KBB says. "It's part of a larger trend that's been happening all year," says Alec Gutierrez, a senior market analyst for KBB. [more...]

Date: 2009-09-19 14:28:01

Nader v. Obama

Part 11 (”The Anti-Reagan”). The daily videos involved are from NeverFindOut.org, a project of Let Freedom Ring (donation link is here) ... . In 2005, he was ranked to the left of such notable fiscal conservatives such as Chuckie “Free Credit Report” Schumer, Joe “Plagiarists ‘R Us” Biden, Robert “KKK” Byrd , John Francois Kerry, Ted “ [more...]

Date: 2008-10-30 15:45:25

Floatin' Powa News Service: The Stunningest Gunnists!

Hamas Seeks New Doctrine after Gaza War Failures It is too different than the old doctrine, you harram Zionist shoe, instead of Kill All the Jews we will now say Perish all the Juden! EU sued for funding Hamas air strikes on Israel Hamas slams Obama for backing down on demand for settlement freeze Palestinians want peace deal but don't reject Hamas Right. PEACE means DIE JUDEN DIE to them. Netanyahu: Israel seeks peace with Palestinians BiBi... [more...]

Date: 2009-09-26 19:08:00

Stimulus as if Capitalism Mattered

Those dispensing the “Bailout to Nowhere” proceeds seemingly answer to no one (here’s one article behaving as if this were unexpected and surprising). Today brought the $9 billion Ford auto credit-line appeal, and the $500 billion Pelosi compound ... !); but all corners of government and both major political parties can take “credit” when markets [more...]

Date: 2008-12-02 20:13:35

Debt Consolidation and Freedom Debt Management consolidate your credit card debt

Amazon.de Widgets if you have credit card debt, it is definitely important that you make paying it off a priority. However, how you pay it off is just as important as when. Below are the top five mistakes we all make when struggling with debt. Learning what mistakes to avoid from the beginning should help you deal with your debt and avoid ruining your credit score in the process.Need Freedom in Debt.Just Visit Debt Consolidation Companies offer Free Debt Counselling Services. [more...]

Date: 2009-09-23 13:02:18

De-leveraging the Children of Wall Street

submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1   The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]

Date: 2009-01-15 15:40:18

POLITICAL HOT TOPICS: September 23, 2009

The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. WASHINGTON/POLITICAL For the latest political news: www.CNNPolitics.com. CNN: Borger: Congress needs 'Boss Obama' First of all, let me stipulate that, as a purely political matter, I take no issue with President Obama's concern that Democrats could take a shellacking in 2010. [more...]

Date: 2009-09-23 08:54:36

How Fast Can You Get A Home Loan After Bankruptcy?

One of our readers, Desiree, had this question: Is there any possibility of getting a home loan sooner than 2 years after a bankruptcy discharge? ... . Companies that I had included in my bankruptcy continued to report my accounts as open on my credit ... Negative Information On Your Credit Report - Obviously you don’t want to challenge every single [more...]

Date: 2009-01-06 16:28:19

Beige Book’s Midwestern Summary

From the Federal Reserve’s Beige Book (HTML, PDF). Economic activity in the Seventh District declined further in December, ... market conditions weakened. Construction declined, and manufacturing activity moved lower. Credit ... . In agriculture, field work was limited in December by bad weather. Consumer Spending Consumer spending [more...]

Date: 2009-01-15 01:00:38

MORE ON ALCOA’S MASS LAYOFF OF 15,000 STEELWORKERS

from the WORLD SOCIALIST WEB SITE:Alcoa lays off 15,000, US economy moves toward depressionBy Tom Eley 7 January 2009Less than one week into 2009, ... of its workforce. It will also cut capital expenditures by 50 percent, freeze salaries, suspend new ... sources inside the company. The layoffs come in advance of the Department of Labor’s report [more...]

Date: 2009-01-09 13:32:34

IMF approves $13bn gold sale to boost lending fund

What this really accomplishes is two-fold. It depresses world gold prices, reducing the risk of flight from some the world currency the IMF is cooking up, and increases their kitty for predatory, string-attached loans which are then used to grab national resources. You’d think Guardian writers would know that. [more...]

Date: 2009-09-19 15:35:01

Floatin' Powa News Service: Terminal Experiments

Elder of Ziyon: Goldstone Commission problems, part 8 One of the major sources that the Goldstone Commission heavily relied on in testimonies was TAWTHEQ. TAWTHEQ is quoted in the context of the Gaza war more often than HRW and seems to be mentioned in the report body about as often as PCHR (although PCHR is mentioned more in footnotes.) In other words, it seems that Goldstone put a lot of emphasis on TAWTHEQ's direct testimony to the Commission. [more...]

Date: 2009-09-17 09:15:00

Alcoa lays off 15,000, US economy moves toward depression

By Tom Eley Less than one week into 2009, new economic data indicate the US will not quickly rebound from the crash of 2008 ... , or about 14.5 percent of its workforce. It will also cut capital expenditures by 50 percent, freeze ... of Labor’s report on unemployment, which is to be released Friday. According to a Reuters poll [more...]

Date: 2009-01-07 20:15:40

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