09 01 09 New York TimesWith the recession in full swing, the nation’s employers shed 524,000 jobs in December, the government reported Friday, ... than who gets credit for it. Asked at a news conference whether he was worried that some lawmakers ... others think it is too small, he said he was open to consultations with Congress.But the president-elect [more...]
Date: 2009-01-09 18:12:59
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Saving on Education Related Expenses
Saving on Education Related Expenses With all the other demands placed on your budget, finding room for one more expense may seem impossible ... your limit- this shows up on your credit report and gives your credit card company an excuse to charge ... the federal government’s financial aid website- www.fafsa.ed.gov, which will take you through a step [more...]
Date: 2009-01-11 14:47:52
freecreditreport.com scam exposed AGAIN
I've often written about the freecreditreport.com scam. The website is run by the credit bureau Experian. Over at Smartmoney ... being locked into the $14.95/month credit report monitoring service that the company sells is down ... to the government-mandated annualcreditreport.com site where you can get an actual free credit report required [more...]
Date: 2008-12-07 12:49:45
U.S. Government Default?
Greg Ip reports:Thanks to the advent of credit derivatives -- financial contracts that allow investors to speculate on or protect against default -- we can now observe how likely global markets think it is that Uncle Sam will renege on America's mounting debts. Last week, markets pegged the probability of a U.S. default at 6 percent over [more...]
Date: 2009-01-13 12:36:00
This Could Be a Good Idea
Yesterday, Barry announced he’s creating the post of “Chief Performance Officer” to monitor spending ... credit for saying the right things, even if she can’t back it up. ... “Killefer, the director ... in the U.S. Governement. The final report, the “Grace Commission Report” reported that roughly 33 [more...]
Date: 2009-01-08 17:32:23
ATMs Are Signs of Progress in Iraq
The first ATMs have opened in Iraq since the invasion five years ago -- an encouraging factoid contained in a new by-the-numbers Defense Department ... with dollars to pay government employees. Some restaurants even accept credit cards these days ... government continues to manage the electricity sector with increased effectiveness," the report states. [more...]
Date: 2009-01-16 15:24:00
The bounce becomes a dose of reality.
The business world is finally waking up to the realism that Gordon Brown and Alastair Darling do not have what it takes to get this country's economy ... . Small business are folding, because they cannot get credit, because of the reluctance of the government ... , they report that "Only 28 per cent of respondents said they were confident in the Prime [more...]
Date: 2009-01-09 09:30:00
Swiss Helvetia Fund on U.S. Economy
The Swiss Helvetia Fund, Inc. (SWZ) issued its quarterly report ... a dim view of recent government intervention:While government efforts are addressing the liquidity ... credit more available.I kept waiting for the silver lining, but to no avail:The world economic order [more...]
Date: 2009-01-08 06:31:00
Buying A House? Check Your Credit History Now
A lot of my friends are thinking about buying, or have already bought, a home this summer ... each year, which means there’s a uncomfortable chance your credit report will have something wrong ... your claim. Check your credit history for free at the government mandated AnnualCreditReport website [more...]
Date: 2008-06-06 17:53:23
Friday morning links
TOP STORIES U.S. Payrolls Fell 84,000; Jobless Rate Jumps to 6 ... differ on inflation outlook - MarketWatch Credit Crunch: The Sequel - US News and World Report Fed's ... bank may need government bailout - MarketWatch The Abuse of Credit, And Why You Care - The Market [more...]
Date: 2008-09-05 13:23:00
Banks? Credit Quality Expected to Worsen
Kerry E. Grace reports: Although government support has buoyed U.S ... s bankruptcy caused the credit markets to seize up in September. The ratings agency also expects ... . banks, the industry will likely experience overall credit quality deterioration at least through [more...]
Date: 2009-01-06 09:09:00
New Year’s Round Up
1. Hidden Gem: MoneyGrubbingLawyer. Professional presentation, well-written with a wicked sense of humour, ... , of course, featured prominently in an auditor general’s report only last year. The meltdown got reported ... on the mainland. The credit crunch. The auditor general’s repeated warnings about government finances built [more...]
Date: 2008-12-31 15:13:00
It Is The Bank of AMERICA After All
Just nationalize the lot of them and end this. Bank of America, the largest U.S. bank, is seeking billions of dollars of government aid after it realized that credit losses ... to report its quarterly results on January 20. "Bank of America appears to be in meltdown," said Anton [more...]
Date: 2009-01-15 16:38:00
Kentucky Homeland Security Required to Credit Some God
Image via WikipediaJust when you think you've heard it all, ... now? The department's 2008 annual report did not credit his god."This is recognition that government alone cannot ... in passing a law requiring a federally-funded agency to credit his god with protecting the people [more...]
Date: 2008-12-01 11:19:03
DrumBeat: October 19, 2008
Gazprom Debt Priced as `Distressed' Amid Russian Market Turmoil (Bloomberg) ... .'' Credit-default swaps on Gazprom, the state-controlled monopoly for natural gas exports, climbed 79 ... because of the risks from the global credit crisis, Interfax reported. The government will invest 175 [more...]
Date: 2008-10-19 13:59:58
We, The People, Deserve Better
Since the beginning of the financial crisis, the US Government has established policy on a case-by-base basis ... others were allowed to fail? Why hasn’t transparency in financial reporting been mandated as part ... faith and credit of the US Government.” Therefore, solutions to the financial crisis that use [more...]
Date: 2008-12-10 11:41:52
How To Recovery From Foreclosure
While the government bails out big businesses, whos bailing you out? ... or not to issue you a loan. They are listed from best to worst. 1) Credit Inquiries 2) Credit Rejections ... , foreclosures stay on your credit report for seven years. How do I know such detailed information [more...]
Date: 2009-01-10 18:39:28
Developments in Iraq
The LATreports on developments in Iraq: "With violence reduced drastically, new cars have become the latest must-have for those who can afford it, ... had to fly in pallets stacked with dollars to pay government employees. Some restaurants even accept credit cards these days."While nobody's reporting that all's well in Iraq, improvements are undeniable [more...]
Date: 2009-01-16 15:02:00
Japanese stocks gain on optimistic view of US economy
Japanese stocks gain on optimistic view of US economy Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U ... , thieves and foreign agents, according to a new report from a panel of leading government ... ' from banks, governments Ad forecaster expects mild recovery in Q3 of 2009 Credit card interest rates [more...]
Date: 2008-12-09 04:42:16
GAO issues report on proposed auto bailout
The Government Accountability Office (GAO) has issued a report advising Congress on the factors they should consider in negotiating a rescue package for the auto industry. The summary of that report states: The current economic downturn ... , real estate, and labor markets have reduced consumer confidence and available credit [more...]
Date: 2008-12-08 13:00:13
Boehner Frets About What He Calls Republican "Knuckle-Draggers" Opposing The Bailout
The Bush Regime's Shock Doctrine strategy worked so well for them-- if not for us-- in the run up to the attack on Iraq ... is proceeding under (or around): today's monthly job report: The government is out with more bad economic ... the government conducted its survey during the week of Sept. 8, before the credit crisis took a new [more...]
Date: 2008-10-04 02:19:11
US steel industry in collapse - report
From correspondents in Washington THE US steel industry is reportedly in collapse and looking for a massive government investment program of up to ... credit crunch, The New York Times reports. Industry executives are pleading for a huge public [more...]
Date: 2009-01-02 23:00:05
No Rest for the Unemployed
The Bureau of Labor Statistics of the U.S. Department of Labor reported that nonfarm payrolls fell by a whopping 533,000 jobs in November, ... so damned much money and credit to fuel doomed booms and a cancerous growth of government! And yet ... , the report does not actually mention me by name or even wish me good luck in getting another job [more...]
Date: 2008-12-16 22:12:15
Ken Lewis and the ‘Damned Disaster’
The broken windows theory: shattered glass at Bank of America’s tower in 2007. (Reuters) Last year, after a profoundly disappointing earnings report, Bank of America’s chief executive ... . With the credit markets still seized up and the government throwing money from helicopters [more...]
Date: 2008-10-07 17:29:08
William O’Donnell and others at financial giant UBS issued a report earlier in the week noting some reluctance by investors to buy government bonds ... the credit crunch, investors have demanded a greater premium on securities backed by mortgages, which means consumer rates are less tied to Treasuries than before. I asked O’Donnell if mortgage rates [more...]
Date: 2009-01-08 17:39:53
GM and Chrysler get US$17.4 billion bailout
They’ve done it, the Detroit boys have managed to secure federal emergency loans to execute their plans to stay afloat ... by law, firms must allow the government to examine their accounting books and records, firms must report ... , the healther of the Detroit 3, is still asking for a US$9 billion government line of credit in case [more...]
Date: 2008-12-21 09:09:13
Bank of Canada - Another 0.75% Cut (Prime Now at 3.25%)
Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3 ... strained. Measures taken by major governments are beginning to encourage credit flows, although ... of the last Monetary Policy Report in October. Several factors are helping to counterbalance [more...]
Date: 2008-12-09 18:22:00
Another Environmental “Solution” Starts To Fall Apart: EU Infatuation With Ethanol Grows Cold - Canada, Too [Reader Post]
Give some credit to environmentalists: they don’t just tell us that we are killing the Earth they do frequently have “environmentally sound” ... of biofuels. At the same time, a new report for the British government cast fresh doubt on using ... down, citing a newly released report warning that current targets for biofuel production could cause [more...]
Date: 2008-07-08 17:21:35
Credit Crisis Report 10/12/2008 Problems Deepen (MS)(RBS)(HBO)(FNM)(FRE)(GM)(F)
The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks ... . Bloomberg reports that Fannie Mae (FNM) and Freddie Mac (FRE) began notifying bond traders ... credit derivatives linked to Lehman Brothers are likely to be higher than anticipated after auctions [more...]
Date: 2008-10-12 11:41:21
Skepticism About Fighting Terrorists With Data Mining
According to the New York TImes, the British government is considering setting up a database of all phone, email, ... for advertising and credit card reporting agencies, it has much less success predicting the behavior ... a consumer's credit history with the history of millions of consumers to predict a person's [more...]
Date: 2008-10-24 18:01:59
Housing Bill a Major Threat to Privacy
Shares in stricken government-chartered mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) ... up in the final version of the bill: 1) Nearly all credit-card transactions will be tracked and reported ... fingerprint registry. Let's start with the credit card (and debit card) provision first. Former [more...]
Date: 2008-07-24 14:03:21
Morning Update
Concerns PersistWorries about the health of the financial sector are persisting and a small profit from JP Morgan Chase is doing little to assuage concerns after a report that Bank of America is negotiating with the federal government over aid ... . The bank also faced higher credit costs associated with a continued deterioration across its loan [more...]
Date: 2009-01-15 14:58:00
No Rest for the Unemployed
by The Mogambo Guru The Bureau of Labor Statistics of the U.S ... so damned much money and credit to fuel doomed booms and a cancerous growth of government! And yet you want ... , the report does not actually mention me by name or even wish me good luck in getting another job [more...]
Date: 2008-12-16 21:49:13
Today in Russian Business - Jan 14th, 2009
The financial crisis is having a dire effect on migrants who depend on money from their employers to support their families back home, ... is trying to encourage residents to buy apartments, saying that reports of anticipated price drops ... had its credit rating lowered to 'junk' by Standard & Poor's. The government wants to counter [more...]
Date: 2009-01-14 11:33:41
SP 500 earnings fall again, longest earnings slump on record
Author: Dave SP 500 earnings fall again, longest earnings slump on record Posted: Mon Dec 29, 2008 2:33 pm (GMT 0) Topic Replies: 0 We expected a period of declining earnings as a result of the bubble in credit ... Motors Corp., which is receiving a $9.4 billion government bailout, may report a loss of $6.61 [more...]
Date: 2008-12-29 15:48:47
Will the consumer credit card debt bubble lead to a collapse of the shopping mall economy?
Recession_levee American and Canadian consumers have long been living beyond their means ... as we see in this 2007 report: Canadians Crushed by Credit Card Debt "The U.S. isn't the only nation ... their credit card debts, forcing banks to come back to the government for a second round of bailouts [more...]
Date: 2008-12-12 15:28:57
INTERNATIONAL NEWS
NEW YORK - Pay roll company Automatic Data Processing said private sector employment rose by 9,000 in July, making investors cautiously optimistic about the government’s upcoming July employment report. WASHINGTON - The Federal Reserve took further steps Wednesday to battle a global credit crunch [more...]
Date: 2008-07-31 00:16:30
Legal News - LexBlogosphere: 6/5/08
Below you'll find the best of the best articles published today in our corner of the blogosphere, ... attorney Daniel Clement at his blog, the New York Divorce Report UK government vets gagged on badger cull ... High conflict custody cases - "get some credit in the bank" - Philadelphia lawyer Charles Meyer [more...]
Date: 2008-06-05 22:08:40
Summits, Panels everywhere - but to what end?
We are now officially beginning some sort of post-credit crunch global governance feeding frenzy. We now have the following to look forward to: - The report of a new High Level Commission on modernisation of the World Bank, chaired by former President of Mexico Ernesto Zedillo [more...]
Date: 2008-10-24 14:00:20
DrumBeat: January 14, 2009
DrumBeat: January 14, 2009 Obama energy goal hard to meet: Bodman WASHINGTON (Reuters) ... in energy prices, but this would not affect its $2.3 billion credit facility, the independent oil ... (Bloomberg) — Crude oil fell after a U.S. government report showed that stockpiles climbed [more...]
Date: 2009-01-16 17:22:13
Government pledges $1 bln to spur investment, consumption
The government promised Wednesday to spend around US$1 billion to spur investment and consumption and said it wants to lower taxes to help businesses ... , but officials have become increasingly worried that the global credit crisis could drag down growth ... in a report at a cabinet meeting, came one day after the government revealed what will be the [more...]
Date: 2008-12-04 16:47:00
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
Why banks shouldn't be given government help.
Banks are the property of their shareholders, and may act in accordance with the best interests of their shareholders in mind ... of my payment history. I have never missed a payment. When you pull up a TransUnion credit report ... from a bank recently. You may have heard about banks calling in lines of credit. Essentially [more...]
Date: 2008-12-19 19:18:31
The Financial Crisis: Views From the Private-Equity Front
Our friends at sister Dow Jones publication Private Equity Analyst asked a number of people in the private-equity industry what they make of the ... report to government-appointed Soviets to make operating decisions, then buyout opportunities ... the reaction to recent events will be a careful extension of credit, but on a risk-adjusted basis [more...]
Date: 2008-10-09 09:30:00
OMDC study urges government to increase magazine funding, create tax credit
The Ontario Media Development Corporation has published A Strategic Study of the Magazine Industry in Ontario. It was put up on the OMDC website today. It was prepared by TCI Management Consultants.The report recommends the creation of a new, refundable tax credit for magazines "the only creative sector [more...]
Date: 2008-11-07 19:04:00
Flotsam and Jetsam
Flotsam and Jetsam Jennifer Rubin - 11.25.2008 - 8:12 AM Bloomberg reports: “The U.S. government is prepared to lend more than $7 ... last year, to rescue the financial system since the credit markets seized up 15 months ago.” ... its opponents mistakes and fumbles in order to score, that team probably will lose.” The smartest take I’ve [more...]
Date: 2008-11-25 13:12:53
Automaker Bridge Loan? You Do the Math
The first part that doesn’t compute is $700 billion in giveaways plus $100 billion in pork in 5 days compared to $25 billion in loans—no, ... annual report put Chrylser group employment at about 86,000.There’s been a lot of speculation ... , which recently won contracts for government credit card services for travel and fuel, has doubled [more...]
Date: 2008-12-16 04:26:23
A ‘Credit Cycle Bust’ That Cannot Be Stopped
This is no ordinary downturn. After the biggest credit bubble in history, we face a correction on an unimaginable scale. Make no mistake about it: This is a credit-cycle bust that the government cannot stop. The losses ... is an excerpt from Bill Bonner and James Davidson’s crisis report, How to Survive and Prosper [more...]
Date: 2008-12-05 18:45:23
FDA Failing on Food Safety, Needs Money
by Joaquin Sapien Credit: Rosi Maslarska As the Food and Drug Administration continues its investigation on the source of salmonella-tainted tomatoes that have sickened 228 people across the U.S., a Government Accountability Office report ... a letter to Leavitt, stating this "submission undermines the work we have been doing to obtain [more...]
Date: 2008-06-13 16:43:00
DrumBeat: January 14, 2009
Obama energy goal hard to meet: Bodman WASHINGTON (Reuters) ... prices, but this would not affect its $2.3 billion credit facility, the independent oil and gas ... (Bloomberg) -- Crude oil fell after a U.S. government report showed that stockpiles climbed [more...]
Date: 2009-01-14 13:55:13
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