Unbylined AP Report: Krugman ‘Opposed Bailout’

The Associated Press can’t even get it right in a three-paragraph item about a White House ceremonial event ... , very clearly, why this is supposed to work, other than through having taxpayers pay premium prices ... 23, Krugman, to his credit, objected to Paulson’ [more...]

Date: 2008-11-25 18:06:51

Blog posts (544) | Videos (172)
 

Is Debt Necessary For Generating Income?

“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan ... about $1,200 on each one of the the personal loan and two credit cards. This way we’ll be able to pay off ... ? First of all, it’s worthwhile to get a bead on how bad this debt actually is. Margie reports [more...]

Date: 2008-11-26 20:00:49

Should a Venture Capitalist be Head of the SBA?

I was starting to get really impressed with President Elect Obama’s cabinet choices ... doesn’t provide credit access to enough small businesses. So my question is: how will we fix ... States, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital [more...]

Date: 2008-12-24 04:43:15

Coming Soon: Hollywood Analysts Predict 2009 the Year of the Wall Street Villain at the Box Office

Get your popcorn ready - that is if you like seeing the rich portrayed as bad guys and getting punished for their indiscretions ... , that's what's in store for movie fans in the upcoming year. On the Dec. 29 "CNBC Reports," Wolff told CNBC Business ... is about the International Bank of Credit or something like this," Boorstin said. "And it's coming out [more...]

Date: 2008-12-30 17:25:56

Unbylined AP Report: Krugman 'Opposed Bailout'

The Associated Press can't even get it right in a three-paragraph item about a White House ceremonial event ... explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium ... . On September 23, Krugman, to his credit, objected to Paulson's [more...]

Date: 2008-11-25 18:02:45

Become A Cop, Get A Foreclosed Home

Last week, Luke Mullins of U.S. News & World Report wrote a piece entitled “County Considers Handing Out Foreclosures to Its Police Officers ... for at least 15 years and an agreement to pay taxes, utilities and upkeep, an officer could ... will for doing this,” and possibly a credit on Fulton County taxes . . . The $2,500 down payment would [more...]

Date: 2009-01-17 05:04:43

Wanna Get Away? Get Banks OK in UK

If you "wanna get away" and you live in the UK, make sure your bank nose..otherwise you'll have "slim pickin's" when it comes to payment options.. ... , when they go away, according to a recent report in the newspaper The Times.This is in the aim of combating credit card fraud, where several holiday goers found their debit or credit cards frozen [more...]

Date: 2009-01-13 17:36:00

U.S. Chamber of Commerce Unveils State of American Business Report

The two seem to make an unlikely pair, but according to the CEO of the U.S ... , however, that the Chamber and the new administration are working together to repair American ... to get our economy going in a forward motion," Josten said. "One is credit and the other is confidence - and we ain’ [more...]

Date: 2009-01-07 22:20:43

Fed predicts economy will get worse

Fed predicts economy will get worse Posted January 6th, 2009 by TN Volunteer In the minutes from its last meeting, ... of 2008, which took the unemployment rate up to 6.7%. The December report will be released ... , low consumer confidence, weakened household balance sheets and tight credit conditions. It said [more...]

Date: 2009-01-06 21:20:58

The Aftermath: Pens fans can't get over it

Here's Pen's fan (Mr. Gajtka) article from Bleacher report: "Alex the Grating: Ovechkin Needs to Act Like the Superstar He Is" ... down the boards? Ovechkin, much to his credit [more...]

Date: 2009-01-17 18:42:00

Getting Real: Hope is not a Strategy

Reality hit our company, Logo Design Guru in the 4th quarter, and clearly, logos and websites are not immune to some recessional affects also ... cash, which is critical. Go through your P&L report item by item, and start eliminating any unnecessary expenses. Be sure to review your credit card statements. I can almost guarantee you’ll find [more...]

Date: 2009-01-18 04:51:38

Inauguration Day 2-Wheel Deal — Free Bike Valet Parking

Bicycle buffs claim the best way to get to the Inauguration is on two wheels. Like everything else about this historic event, that remains to be seen ... of the Washington Area Bicyclist Association) here.Better RSVP. The Washington City Paper reports over 1,300 ... main web site.Image by Mike Licht. Download a copy here. Creative Commons license; credit M [more...]

Date: 2009-01-15 02:18:55

Blog Trends And Statistics: The State Of The Blogosphere 2008 - The Technorati Report

Blogs are not just an opportunity to have a personal online press, or to express one's own thoughts and ideas freely ... -of-the-blogosphere-2008-chart_id1878031_size485.jpg Photo credit: Mario Lopes “From a journalistic perspective: Blogging and other ... skeptical of everything. We need to use judgement, to get more information — and to go outside [more...]

Date: 2008-09-23 09:30:12

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

Is Obama Lazy? Proof?

Rick Moran, American Thinker, 3/7/09 All we’re getting is whispers from the press, of course, A raised eyebrow here, a sad shake of the head there. But the picture that is emerging of Barack Obama, the executive, is not very flattering if you look between the lines. Jennifer Rubin: Well, it’s becoming obvious he’s not really much of a manager, decider, legislation-craftsman, or supervisor. His vetting process is in shambles and key Treasury slots are still vacant. [more...]

Date: 2009-09-30 22:12:35

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

At Webb's Junta Love-In, Cont.

Credit to Kurt Campbell. At today's Burma hearing he acknowledged that State has handled the Burma policy review very poorly. Last Friday, two senior state officials briefing Hill staff on the results ran into a buzz saw of complaints over the process State used in rolling out their review. The policy was disclosed to foreign governments in New York by Secretary Clinton before anyone on the Hill had a hint as to what was going on. [more...]

Date: 2009-09-30 22:30:51

Germany - The Bitter-Sweet Tears Of Angela von Merkel

German voters gave Chancellor Angela Merkel the green light for a second term on Sunday, along with a clear mandate to form a new government with the liberal Free Democrat Party (FDP). But just what exactly is the new government likely to do? Merlek has been quick to pour cold water on any idea of early tax cuts, “I expect we’ll agree very quickly on tax policy, especially when you look at the leeway we have with the budget,” she is quoted as saying. [more...]

Date: 2009-09-30 22:01:26

Swift Boater Keeping Blunt-Connected Committee Afloat

Randy Turner flagged an interesting pair of hefty campaign donations yesterday : Texas home builder Robert Perry, who bankrolled the Swift Veterans for Truth campaign that gunned down John Kerry's 2004 presidential campaign, is meddling in Missouri politics again. A 48-hour report filed today with the Missouri Ethics Commission, shows Perry and his wife Doylene donated $100,000 to the Seventh District Congressional District Committee. [more...]

Date: 2009-09-30 18:37:06

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

Hispanic y Latino News/Info :: September 30th, 2009 :: 5 Minutes to Empowerment

Essentials --» Jose Hernandez tweeting from space bilingually – follow him – cool! :: from twitter.com Dispelling bias against Latinos – Complicating and confounding efforts to reform the country’s immigration laws are widespread portrayals of Mexican immigrants as a threat to national culture and unity :: from www.recordnet.com The foreclosure crisis has brought a particular set of issues to Latino immigrants in the Kansas City area. [more...]

Date: 2009-09-30 18:59:08

MORE MILLIONS SEIZED FROM THE NARCOS

NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS Visit our website: http://www.nafbpo.org Foreign News Report The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider. Tamaulipas en Linea  – Cd. Victoria, Tamps. [more...]

Date: 2009-09-30 16:08:15

How Much Will Consumers Spend this Christmas?

Black Friday is about eight weeks away and the big question is– how much will American shoppers spend? A report on National Public Radio says that Americans started worrying more about their job security in September which is worrying some analysts about how the holiday shopping season will go. Consumer confidence fell in September to 53.1, according to the Conference Board. It had been up to 54.5 in August and was expected to continue going up. [more...]

Date: 2009-09-30 16:07:50

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

Ventura County, California Jury Duty tips from a recent potential juror…

Since I only get the privilege of being a potential juror every couple years, I always forget the ins and outs of it. So this time I’m going to capture some notes, notes that hopefully will help me the next time… These are random notes and will not, now or ever, contain trial or trial juror information. They are focused on the “before,” the time period in the Juror Assembly room before or between trials, ie. “ potential juror ” information, tips, thoughts, etc. [more...]

Date: 2009-09-30 23:36:00

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

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

Commodity Currencies Rebound Versus the Dollar

Well… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once the Big Dog (euro) ( EUR ) didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! No… This time it was the currencies of Australia ( AUD ) and New Zealand ( NZD ) that led the charge versus the dollar. The euro has taken up the charge since opening the doors to a new day of trading in Europe, so… It looks like it’s a “take the dollar to the woodshed” day. [more...]

Date: 2009-09-30 18:55:42

How to Replace Bad Financial Habits With Good Ones

This is a guest post from Leo Babauta of Zen Habits. His first book, The Power of Less, was recently published by Hyperion ... full of things we don’t need, bills we can’t pay, and low balances in our checking and savings accounts ... situation? Some ideas: Impulse spending. Overuse of credit cards or other debt. Spending without tracking [more...]

Date: 2009-01-14 13:00:09

Mortgage Delinquencies Rising – Analyst Blog

Two of the main banking regulators, the OCC and the OTS, jointly released data on mortgage performance in the second quarter today, and the news was not good. The report covers 34 million individual first mortgages totaling about $6 Trillion. All types of delinquencies were up, but most distressing was the information about serious delinquencies, or mortgages that are more than 60 days past due. They reached 5.3% of all mortgages, up from 4.7% in the first quarter, an increase of 11.5%. [more...]

Date: 2009-09-30 20:08:12

Today's Stimulus Hearing

This morning's Republican hearing on the economy offered several alternatives to the Democratic stimulus package that was set forward just afterward ... : A "net new hire" tax credit, which would make it less risky and expensive for businesses to expand ... businesses to make such investments, as they must currently report depreciation losses slowly over [more...]

Date: 2009-01-15 23:53:16

Risk Strategy In Uncertain Times

You always hear people quoting the great Warren Buffet, "Buy when there is blood in the streets." But today's investment climate seems to be different than anything we have ever seen before. Should we still be buying, or is now the time to go ultra-conservative? What about something in between? At this point who honestly knows? [more...]

Date: 2009-01-08 02:13:42

Economy and Markets: M3 & Deflation, Japan & Deflation, Reverse Repurchases, Vigilantes, Know The Math, IMF Forecast, Flatter Curve,

  Money figures show there’s trouble ahead - By Ambrose Evans-Pritchard – Private credit is contracting on both sides of the Atlantic. The M3 money data is flashing early warning signals of a deflation crisis next year in nearly half the world economy . Emergency schemes that have propped up spending are being withdrawn, gently or otherwise. [more...]

Date: 2009-09-30 19:51:10

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

Media Matters: Conservative media peddle a raw deal

The conservative punditocracy that has spent the past eight years propping up a president who gave us an illegitimate war and leaves us with an almost unimaginably bad economic crisis apparently grows weary of defending this spectacular failure of a president. And so they have begun to shift their efforts to an easier task: trying to turn [more...]

Date: 2009-01-10 00:09:02

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

Government help for the bank lending: just “get on with it”

Last weekend the Prime Minister announced yet another “anti-recession” plan which included the “creation of up to 100,000 new jobs” ... that households are reining in after the years of credit-fuelled excess. Two key indicators are housing equity ... and car show rooms. The saving ratio collapsed in late 2007 and actually turned negative [more...]

Date: 2009-01-08 21:14:21

Getting Ready for Christmas This Sunday Roundup

You better hurry up if you still haven’t found that perfect gift this Christmas because it’s coming really soon! ... on @ Investing School! Clever Dude reports that American debt shrinks in the first time ever!  It’s great ... ! What should we do with our money?  My Two Dollars takes a look at whether we should pay off our credit card [more...]

Date: 2008-12-21 16:45:02

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... stabilize auto-loan provider GMAC. WSJ Related: There were plenty of poorly handled bailouts ... , I don’t know.’” That is true of so many thing. Vanity Fair Mergers & Acquisitions Credit Suisse [more...]

Date: 2008-12-31 12:01:16

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

Mortgages and Housing: Home Prices, Seconds and H4H, Tom Brown, Door To door, Tax Credit Fading, Cash-Out Ratchet

    U.S. Home Prices Increase for the Third Month in a Row For the First Time Since Spring 2006 – Mark Perry’s Carpe Diem Blog ———— GAINS IN HOME PRICES OFF THE BOTTOM; CLEVELAND UP 11.4% – The July Case-Shiller home price numbers were released today, and while the year-over-year numbers are still down nearly 13% in the 10-city composite index, all cities but one (Las Vegas) are off their lows. [more...]

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

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

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

Researching Re-Financing Online

Years ago homeowners had to go to a lender during regular business hours for lengthy consultations and would have to visit several different lenders to determine which one would offer the best rate. The Internet has not only simplified the process but has also given homeowners the luxury of investigating re-financing options at their convenience [more...]

Date: 2009-01-18 03:14:31

FDA Gives Light Scrutiny to Investigators’ Financial Ties

The FDA should do a lot more to police potential conflicts of interest among researchers conducting clinical trials of experimental drugs and medical devices, a government watchdog says. Read the report, out today ... of all clinical investigators. The report recommends some pretty straightforward steps [more...]

Date: 2009-01-12 18:31:58

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

CPI at .1% Annually, Smallest Increase Since 1954

Even without properly accounting for housing which would drive the CPI hugely negative, the 2008 U.S. Consumer Price Gains Slow to 0 ... and energy, costs were unchanged. Today’s report underscores the destruction of companies’ pricing power ... debts harder to pay off. Federal Reserve Bank of San Francisco President Janet Yellen warned [more...]

Date: 2009-01-16 17:33:27

Economy Weakens PC, Chip Sales

Things are not looking good for PC and chip manufacturers as consumers held back on electronics purchases during the holidays ... for the first time in 6 years in the fourth quarter of 2008, according to a new report from IDG ... tightening credit, eroding confidence, and growing unemployment,” said Doug Bell, research analyst [more...]

Date: 2009-01-16 20:37:39

Poole: The Fed is printing money

#fullpost{display:inline;}My personal list of former members of the Federal Reserve who merit respect for their contributions to the world is rather ... of authorizing new credit facilities. What's being done now is that the board's new credit facility are being ... Mae and Freddie Mac were insolvent in this Bloomberg report that appeared about two months [more...]

Date: 2009-01-08 01:52:00

Whiplash Wednesday!

Currencies rebound VS the dollar…Aussie and kiwi lead the currencies higher…Data and Central Bank speeches today…Gold rebounds back to $1,000! And Now… Today’s Pfennig! Good day… And a Wonderful Wednesday to you… Instead of a “turn around Tuesday”, we’re seeing a whiplash Wednesday! And for once in a month of Sundays, the Big Dog, euro didn’t lead the other little dogs (currencies) off the porch to chase the dollar down the street! [more...]

Date: 2009-09-30 19:07:48

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