Debt Collection Agency With the Most Successful Collections
Delinquent accounts result in millions of dollars of losses for businesses every year, ... , then the collection process needs to begin as soon as possible. A debt collection agency knows that the longer a debt ... meaning that they are always looking for ways to increase their bad debt recovery ratio to offset [more...]
Date: 2008-12-28 20:37:15
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ENGAGEMENT, TEAMWORK AND INNOVATION: THE 50 BEST EMPLOYERS TO WORK FOR
To save you some searching time, look at number 33. RANK COMPANY LOCATION BUSINESS 1 Protegra Inc ... 6 Solutions 2 GO Inc. Mississauga Video-game distribution 7 DRN Commerce Inc. London, Ont. Debt-recovery ... . Appliance manufacturer 3 Gibraltar Solutions Inc. Mississauga Information technology systems [more...]
Date: 2009-01-14 22:27:24
Five Wellness Economic Solutions
When I first started my wellness business it was because of a positive experience with nutritional supplementation. A health recovery ... . You will be taking steps towards wellness. Solution #2 We all need to get a grip on credit card debt ... economic events my mentor wrote to us about our role in fostering solutions. I love the force [more...]
Date: 2008-10-22 22:50:10
NZ economy faces stagnation
WELLINGTON (New Zealand) - NEW Zealand's battered economy faces a year of stagnation with no recovery in sight until 2010, ... to liberalize the economy, reform regulations and revive confidence in a deeply negative business sector ... the unemployment rate climb to 7.5 per cent from 4.3 per cent now. Government debt was forecast to rise [more...]
Date: 2009-01-15 08:14:00
Nationalising the economy
Mandelson unveils business aid plan - Scotsman.com News The Financial Times said the Government would underwrite 50% of up to £20 billion of " ... available to viable small firms in sectors considered vital to economic recovery and that there would be a multimillion-pound fund to provide share capital in debt-laden small firms with promising futures [more...]
Date: 2009-01-14 06:46:41
Approved
Congress OKs release of final $350B of bailout- AP “Congress laid the foundation for President-elect Barack Obama’s economic recovery plan on ... for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping ... but balance sheet solvent if it holds illiquid assets, particularly against short term debt. [more...]
Date: 2009-01-16 00:29:11
Spengler Misses the Point
“Spengler” is sometimes brilliant but sometimes he is way off the mark. His December 25 column strikes me as an instance of the latter ... is to return to Lever-Lever Land, that is, to debt-financed consumption. It won’t work. Leverage ... their own sales pitch. This analysis is too deterministic, as though an aging US population made [more...]
Date: 2009-01-03 02:35:12
PONZI PREDICTS
Economy: Enjoying the Pre-Game Show?Sorry to be missing from the Angry Bear scene – but I have had several long and serious medical outages in 2008 ... bets.There seems to be a lot of talk in AB and elsewhere about this thing called “solutions”. Solutions are not my department – predictions are. Any reasonable solution is by definition politically [more...]
Date: 2009-01-02 12:04:00
Is Bush Tanking Stocks to Grab the Remaining $350 Billion TARP? Remember the much decried end-of-Clinton- era pardons, the most controversial of which involved tax cheat and storied trader Marc Rich? Well, if I am reading the tea leaves right, those shenanigans pales compared to the nonsense Bush is trying to pull in his last week in office [more...]
Date: 2009-01-13 21:43:00
The Bernanke Chronicles
Here is Bernanke’s Speech yesterday at The Stamp Lecture in London, and note that while I understand Mish Shedlock has written something on this, I have not read it; any similarities are due to Ben being a total idiot. I actually watched him present this time along with the questions and Ben looked like he had sat on a Rhino horn a few minutes [more...]
Date: 2009-01-14 21:35:43
ECONOMIC SNAPSHOT: JANUARY 2009
According to the Center For American Progress, the U.S. economy is experiencing its worst recession in decades. Jobs and wealth are falling at a rapid pace, driving families more quickly into default, foreclosure, and bankruptcy. This crisis is precipitated by a sharp drop in consumer spending, as well [more...]
Date: 2009-01-14 03:19:00
Gates of Vienna News Feed 1/5/2009
Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]
Date: 2009-01-06 04:54:00
Thank you Taxpayer. Sincerely, Merrill Shareholders
From the Wall Street Journal In the end, investors and financial institutions could face as much as $2 trillion of losses from bad U.S ... from commercial real estate, credit cards, auto debt and business debt, and Goldman’s loan-loss estimate ... rescued both Merrill and Countrywide without government assistance. Mr. Lewis had also argued [more...]
Date: 2009-01-15 09:02:01
What kind of stimulus is needed right now?
Much attention has been placed in the media regarding President-elect Obama’s stimulus plan ... one will, in the words of an old song, merely leave America "another day older and deeper in debt."The cause ... modest increase thereafter. One estimate suggests a drop in consumer demand of roughly $500 billion [more...]
Date: 2009-01-14 22:45:00
Re-coupled Vengence: From Downturn to Implosion Risks ?
We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]
Date: 2009-01-15 21:20:15
Goldman Sachs Predicts Loan Losses Will Top $2 Trillion
Despite all the hoopla about stimulus plans and bailouts rescuing Americans’ home equity and retirement accounts, ... — the losses that investors and financial institutions are potentially sitting on from bad loans… ... of $780 billion. Add in losses from commercial real estate, credit cards, auto debt and business [more...]
Date: 2009-01-15 23:05:05
Making Preparations and Taking Action in Today’s Deflationary Environment
Editor’s Note: The following article is adapted from Robert Prechter’s 2002 best-selling book, ... to this article, visit Elliott Wave International to download the free 15-page report about how to protect ... The ultimate effect of deflation is to reduce the supply of money and credit. Your goal is to make sure [more...]
Date: 2009-01-15 02:23:47
Obama Considering $310 Billion Tax Cut
The Wall Street Journal has sent a news alert that says that Obama is mulling a stimulus plan that will rely more heavily on tax cuts than initially ... of the overall tax relief would involve cuts for people who pay income taxes or who claim the earned-income ... at all income levels are carrying a lot of debt, and given how any kind of missed payment [more...]
Date: 2009-01-05 02:51:52
Hamilton’s Counterfeit Capitalism
Daily Article by George F. Smith | As we await Bush’s replacement to straighten our wayward lives, it’s crucial to understand how we got here and why policy makers are so determined to do the wrong thing. Austrian economics explains why their policies are flawed, but no one with a voice seems to care [more...]
Date: 2009-01-15 21:36:00
Full Text: Barack Obama on Economy | Economic Recovery and Reinvestment | January 8, 2009
(Source: Office of the President-Elect) Throughout America’s history, there have been some years that simply rolled into the next without much notice or fanfare. Then there are the years that come along once in a generation – the kind that mark a clean break from a troubled past, and set a new course for our nation [more...]
Date: 2009-01-08 18:00:11
Obama’s Solution to the Government Engineered Economic Crisis? More Government Interference
FreedomWorks Opposes President–Elect Obama’s Stimulus Plan — Borrowing and spending is not the solution for a problem caused by too much borrowing ... out of the recession is to get private capital back into the market and restore consumer confidence. Borrowing ... of bailouts and have no appetite for taking on two trillion dollars worth of debt in 2009 [more...]
Date: 2009-01-15 01:15:02
Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин
Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]
Date: 2009-01-01 07:59:00
JOURNAL: New Lows
In a quick follow up to the "Middle Class Consumers" journal entry. A change is afoot and it will be a good thing: Bloomberg ... analysis, although it is growing at the edges of the commercial analytical world. What does ... of imagination" in regards to China, despite tens of billions being spent on gov't analysis/intelligence [more...]
Date: 2009-01-02 21:24:58
How the credit card industry is set to change
The credit card industry has found itself in the news on a number of occasions over the past year or two for one reason or another, ... that in cases where the borrower falls behind with repayments no debt recovery action will be taken for at least sixty days providing the borrower is working with a debt management advisor in a bid [more...]
Date: 2009-01-15 07:00:33
Two diverging views on the 2009 outlook for PE
It takes two views to make a market, doesn’t it? A buyer and a seller. Black and white. Short and long… ... else to help in economic recovery by providing capital and management expertise to financial services ... can invest in financial services businesses, an industry that hasn’t previously seen a great deal of PE [more...]
Date: 2009-01-14 11:15:46
THE FINTAG NEWSLETTER @ 14 January 2009
FINTAG COMMENT Junk. Interest rates are nearly zero; equities, real estate, ... . So what do you do? Why of course you buy up the stuff that caused the problem in the first place - junk type debt ... of distressed debt funds is being driven by asset allocators who have lost a lot and want to make a quick buck [more...]
Date: 2009-01-14 11:53:57
Rough going ahead
“Over the next 12 months, markets could experience sharp volatility swings ... analysis and see where his take on things can be of benefit to this industry’s bottom line. Information ... be put to good use by truckers large and small to help navigate the tricky economic waters [more...]
Date: 2009-01-14 19:19:52
2008: Annus Horribilis, RIP
I meant to take yet another Friday away from my writing, but as I am researching for next week’s annual prediction issue, there is so much material that begs to be covered that I thought I would put out a short letter with 3 or 4 points as a preface to my prognostications of next week [more...]
Date: 2009-01-03 12:42:15
Will All Be Well, And End Well, In Estonia?
Well, there doesn’t seem to much room for doubt at this point does there, the Baltic Economies are in the van of the European economic slowdown for 2009, just as they were leading the charge up in 2007, and all that debate about whether we were going to get a hard landing or a soft one seems now so out of date and and old hat as we watch how [more...]
Date: 2009-01-13 15:59:56
Nuclear warning to taxpayers, investors, part 2
By Joseph Romm 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 current U.S. electricity rates! Nuclear plants with such incredibly expensive electricity and "out of control" capital costs, as Time put it, obviously create large risks for utilities, [more...]
Date: 2009-01-10 12:44:19
Debt Collection - A Recovery Issue.
The Hobart Debt Collection process should be according to Law of the land. Many countries have passed Laws for collecting debts ... of collection of debt. Personal contact is one of the best methods. If the outstanding amount is small ... . There are also some professional lawyers, who specialize in debt collection suits. If found necessary [more...]
Date: 2009-01-14 23:11:40
My Predictions for 2009… and What I Got Wrong in 2008
Hi Guys, Happy New Year! It’s been a while since we last caught up. I hope you are well and that you had a wonderful holiday and a very happy New Year. I was on vacation for the holidays. We had a terrific break. We took our three boys to Disney World. What a treat! We go once a year usually around President’s Day weekend [more...]
Date: 2009-01-06 21:43:37
Department of Funny Headlines
"Borrowing $23.3 billion for state budget won't be easy, analyst says" I would replace "easy" with "possible ... potentially borrow some money, but it would either be against ourselves (by pushing the debt ... illegal) or by giving borrowers a federal guarantee against default, which is the whole reason why [more...]
Date: 2009-01-08 01:35:57
Optimism at start, pessimism later!
The optimist pleasantly ponders how high his kite will fly; the pessimist woefully wonders how soon his kite will fall.Happy Makar Sankranti, Pongal and Lohri. This day the Sun changes its position from one sign of the Zodiac to the other and is considered [more...]
Date: 2009-01-14 03:55:00
Resolution #9: We will return the Favor to our Bank
Resolution #9: We will return the Favor to our Bank A lot of blame is being put on the financial industry for getting the country into this ... to pull out of loan agreements or persuade Company’s not to draw down on credit facilities. As the economy worsens, more Companies will be at risk for failing banking covenants, especially on debt [more...]
Date: 2009-01-15 13:30:57
Economics is not a morality tale
Western civilization can be seen as the liberation of technical theory (science, in the broadest sense) from moral values. This battle continues to this day. It is so much easier and enjoyable to be a witch-doctor than a scientist (again, in the broad sense as devoted to rational thought) [more...]
Date: 2009-01-14 00:01:43
Hoarders and Destroyers
Just when you thought it was all baked into the cake...whammo! Another pie to the face. Get ready for more pies. In fact, you could take your pick of pies this morning. The most painful pie was yesterday's 4.3% decline on the All Ords. It was the worst day of the year for Australian stocks. Unemployment called in at 4 [more...]
Date: 2009-01-16 03:04:54
Westpac sees the OCR at 2.5% by midyear
Westpac economists have gone on record as seeing the OCR cut by a full 1.00% at the end of this month, and by a further 1 ... the economy into a renewed downturn. New Zealand’s woeful international debt position limits ... some relief on interest rates. Towards the end of last year there were some moot questions around [more...]
Date: 2009-01-14 08:20:10
Beneficial Finance - Mortgage Review
Beneficial Finance, does personal, auto, and mortgage lending as a retail subsidiary of mega-bank parent HSBC Group (NYSE: HBC) ... of Beneficial Finance should be avoided. They are big pushers of credit cards, home equity loans, and debt consolidation mortgages. You can’t expect much better being a subsidiary of HSBC Mortgage [more...]
Date: 2009-01-14 22:05:31
Fiscal deficits and reviving 'animal spirits'
The most important discussions, in my opinion, this year, and particularly for the next 6 months, ... deficits.As is already observable, those who most need a stimulus are already mired in debt, while those ... their wounds from debt losses, or if not, unwilling to start doing so now. This is again true [more...]
Date: 2009-01-14 22:14:00
The Green shoots Baroness is a disaster for what she does more than for what she says
The Opposition will continue to remind people of the insensitive remarks of Baroness Vadera, ... , private equity injections, demergers and other methods of challenging and changing management ... into base metal. Why on earth didn’t she suggest short term Bank of England loans against security [more...]
Date: 2009-01-15 10:36:43
Forecasting The Current Recession
We all know that the current economic conditions are unlike anything we have ever seen before. This was a large reason why it took the folks responsible for identifying recessions so long to make the official announcement. It is very interesting to hear their reasoning behind the delay, [more...]
Date: 2009-01-15 20:23:03
Recessions, Business Cycles and Looking Forward
Forecasting cyclical turning points in the economy (and inflation) is job one at the Economic Cycle Research Institute (ECRI) ... ,” says Lakshman Achuthan, managing director of ECRI and co-author of Beating the Business Cycle: How ... for, one day, better times. If you have a taste for the ugly details of the business cycle, read on… [more...]
Date: 2009-01-14 19:05:59
RECESSIONS, BUSINESS CYCLES AND LOOKING FORWARD
Forecasting cyclical turning points in the economy (and inflation) is job one at the Economic Cycle Research Institute (ECRI) ... Lakshman Achuthan, managing director of ECRI and co-author of Beating the Business Cycle: How to Predict ... times. If you have a taste for the ugly details of the business cycle, read on… Lakshman, ECRI did [more...]
Date: 2009-01-14 18:49:26
Banks should lend to government not people or businesses, claims group of eight
January 15th, 2009 ... ). In these circumstances there is a risk of a debt-deflationary spiral. If so, the right policy response ... affairs so that more bank deposits are created.” They also argue that debt management should become [more...]
Date: 2009-01-15 12:23:01
A Worst-Case Commodity Scenario
The task of today's Daily Reckoning is to ponder what could cause the All Ords and the ASX/200 to make a new low in the first quarter of 2009. A warning, today's issue is longer than normal. But the stakes are higher than normal too. So we hope you'll bear with us. By the way, by new low, we mean could the indices take out the March 2003 lows? [more...]
Date: 2009-01-15 02:42:34
News and Commentary
Children Heavily Represented Among 917 Dead, Say Officialsby Michael Jansen - Irish Times / Common DreamsHealth officials in Gaza said yesterday that the Palestinian death toll since Israel began its offensive against the Strip on December 27th had reached 917 and the number of wounded 4,100 [more...]
Date: 2009-01-14 08:42:00
Is Bank of America the Next “Citi”?
Is Bank of America the Next “Citi”? This morning Bank of America hit a new 52 week low, and traded at its lowest level since 1991 ... that help illustrate why humans make predictably irrational decisions. Ariely is the author ... , and the weaknesses in the credit rating agencies’ collateralized debt obligation (CDO) assumptions [more...]
Date: 2009-01-15 15:42:49
by Joel S. Hirschhorn featured writerDandelion Saladwww.foavc.org January 12, 2009With the meltdown of the American economy, what better time to ask: Can libertarianism come to the rescue? Perhaps the most interesting statement in the Wikipedia discussion of libertarianism is that “There is no single theory that can be reliably identified as the [more...]
Date: 2009-01-12 17:23:43
The Most Important Number for Technology Policy in 2009
Is $1,200,000,000,000.00. That’s the expected 2009 Federal budget deficit. Since the current Federal debt is estimated at a “mere” $10.6 trillion, this means that we’re expected to add nearly 9% in a single year to a debt accumulated ... in history as the man who finally caused the U.S. government to default on its unmanageable debt [more...]
Date: 2009-01-08 20:59:16
