Another Unusual Risk

Another Unusual Risk Here’s another risk for companies to consider disclosing in their financial statements: ... of credit cards to the fiscally challenged, has included this risk factor in every quarterly and annual report since its 2005 annual report: “Negative publicity may impair acceptance of our products. Critics [more...]

Date: 2008-08-08 02:28:00

Blog posts (22) | Videos (6)
 

Money Hacks Carnival #39

Looks like another another miscue in the Carnival Land ... Transfers Offers posted at Blueprint for Financial Prosperity. Annual Credit Report posted at Identity ... for your participation. carnival Photo by Meagen via Flickr Credit and Debt Five Ways to Help [more...]

Date: 2008-11-20 03:25:15

The Worst Market Predictions of 2008

It was February 2007 when we warned of the coming subprime collapse and the impending doom that we're now party to ... maddening, check out our free report on the Culprits of the Financial Crisis. As reported by Yahoo: "Here ... said November sales were running at an annual rate [more...]

Date: 2008-12-30 00:29:33

50 Financial Skills Every Person Needs To Know

Popular Mechanics created a list of 100 Skills Every man Should Know, ... using ABA Routing and bank account numbers. Request and review your free annual credit report ... and/or through Treasury Direct. Read (and understand) a company’s annual report (including [more...]

Date: 2008-10-27 11:00:10

Taking Stock in MFC:

“I believe I had my first Coca-Cola in either 1935 or 1936 ... Annual Report of Manulife Financial (MFC). At the time I was just beginning my mentorship under a great [more...]

Date: 2009-01-02 02:15:29

Is Nortel a Victim of the Global Financial Crisis?

Some would paint Nortel as a company that was on the verge of making a big turn around, but was blindsided by the financial crisis ... at its earnings history. I dug through old Nortel annual reports and tried to resolve all the inconsistencies ... . If only the credit markets were in better shape, Nortel wouldn’t have been forced [more...]

Date: 2009-01-15 05:08:00

How To Maintain A Good Credit Report

by Jim Bransby Your credit is a necessary part of securing a financial future ... when it comes time to apply for credit. Annual credit report checks are a great way to keep track ... to ensure good credit, you must utilize credit report tips and take advantage of free credit report [more...]

Date: 2008-11-20 18:25:16

Rating cannot be construed as a substitute for an exhaustive audit or a fraud detection

Sep 26, 2009Accounting, Audit The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased?  Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, secondary sources and opinions from lenders/ investors. [more...]

Date: 2009-09-26 05:31:47

Surviving Financial Infidelity: Assessing the Damage

The ugly truth was out in the open. My wife had committed financial infidelity, and it was time to assess the damage. “How much do you owe? ... t any other surprises. We each got our annual free credit report from all three credit bureaus ... on her report. The only hint was that the company in question had made a single credit inquiry [more...]

Date: 2008-11-25 23:13:51

Annual Report - Sasken - 2008-2009

SASKEN COMMUNICATION TECHNOLOGIES LIMITEDANNUAL REPORT 2008-2009DIRECTOR'S REPORTYour Directors have pleasure in presenting the report on the business and operations of the Company along with the Audited Accounts for the financial year ended March 31, 2009.Result of Operations (Consolidated) - Extract Amount in Rs. [more...]

Date: 2009-09-16 03:37:00

NY TIMES: Buffett to Offer Details on Derivatives

Warren E. Buffett has long been an proponent of transparency and a critic of murky financial instruments ... by 2019. On Monday, Mr. Buffett said he would disclose in the next annual report more information ... of companies and stocks with the highest possible credit rating, have tumbled 36 percent since Oct [more...]

Date: 2008-11-25 04:21:48

Monster Mash: Breaking News and Headlines

-- L.A.'s Museum of Contemporary Art is in deep financial trouble. Read Mike Boehm's front-page report in today's Times ... a museum and foundation offices in Beverly Hills. Another report on that possibility here. -- Nominees for the 59th annual National Book Awards will be announced tonight in New York. They include [more...]

Date: 2008-11-19 18:24:36

Bank turmoil fuels phishing boom

The US Federal Trade Commission (FTC) issued a warning saying phishing gangs were using the current global financial crisis to extract valuable ... popular in the coming weeks as changes and mergers are completed. In its second annual report ... were up more 180% in a year. The FTC said that the current rapid changes in the banking world, where [more...]

Date: 2008-10-13 12:00:00

Are You Sure You Want to Start Your Own Business?

I have learned a lot from the people I’ve taught my QuickBooks and Business Financial Basics classes for small business owners and bookkeepers ... before starting their own business, and I admire them for taking the initiative. I provide ... year (annual tip report) Employment Taxes and Insurance Social Security Taxes – 6.2% match [more...]

Date: 2009-01-15 17:58:33

Top Stock Picks '09: First Banks (FBS.A)

Filed under: Newsletters, Stocks to Buy, Financial Crisis, Best Stocks for 2009 This post is part of a special annual report -- Top Stock Picks '09 ... A (NYSE: FBS-A). "The major response to the credit and market bubble's popping is of course the Troubled [more...]

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

The CEO's Guide tp Derivatives

I found this while doing some research on this financial crisis ... Credit Swaps, Securitized Instruments of Debt, or other derivatives posed to their companies. Or how illiquid they really were. In doing this research, I came upon Warren Buffet's 2002 Annual Report [more...]

Date: 2008-09-22 17:45:00

Death Spiral Financing at WaMu, Merrill Lynch, Citigroup

Reuters is reporting WaMu has $3.33 bln loss, may be cut to "junk". Washington Mutual Inc, the largest U.S. savings and loan, posted a $3 ... posted a $2.04 billion loss. Credit cards generated a $175 million loss, while profit in commercial ... Officer Steve Rotella and Chief Financial Officer Tom Casey will not receive annual incentive [more...]

Date: 2008-07-23 05:08:18

The deregulation and free markets myth

Walter E. Williams destroys the liberal's claim that deregulation and free markets caused the financial meltdown: News media people, ... Times article, "Fannie Mae Eases Credit To Aid Mortgage Lending" (Sept. 30, 1999), reported, "Fannie ... Report (November/December 2008). The Federal Register, which lists new regulations, annually [more...]

Date: 2009-01-15 13:28:18

No Bank Account? Big Problem

A look at people living outside our financial system. ... will report them to the authorities. Many don’t speak English and don’t understand the intricacies ... ; it can reach over 500% the annual rate. The Merriam-Webster dictionary gives this definition of usury: “ [more...]

Date: 2008-08-24 14:54:23

MICROCAPITAL STORY: Outdated Regulatory Frameworks and Inadequate Business Models Identified as Key Challenges to Financial Inclusion at World Economic Forum’s Inaugural Summit on the Global Agenda

The redesign of regulations, development of innovative business models that promote inclusion, financial literacy, expansion of delivery channels, ... , although it remains a work in progress and the website states that the report will continue ... , the outcomes of which will be integrated in the World Economic Forum Annual Meeting 2009 for further [more...]

Date: 2008-11-11 07:35:54

Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated

There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... that banks will lose $10 billion in interest annually, reduce credit lines by $931 billion, and put ... not get anyone well known for banking expertise to put its name on a self-serving report [more...]

Date: 2008-12-15 01:59:42

He Doesn’t Know When to Fold ‘Em

He Doesn’t Know When to Fold ‘Em If this CREW complaint is right, we can credit Johnny for being consistent about one thing, at least; ... . Federal law and Senate rules require all income to be reported on annual financial disclosure reports ... , are gifts that must be reported as income. Knowingly filing a false report is a crime punishable [more...]

Date: 2008-10-10 15:02:48

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