Search For Stimulus In A ZIRP World

Central bankers everywhere are Looking for Tools in a Zero Interest-Rate World ... . 25 it will purchase as much as $600 billion in debt issued or backed by government-chartered ... in Melbourne today, the fourth reduction in as many months. Four of 21 economists surveyed by Bloomberg News [more...]

Date: 2008-12-02 15:43:00

Blog posts (221) | Videos (229)
 

UK Gov’t to Make Annual Deficit Cuts Legally Binding

Britain will make annual budget deficit reduction a legal commitment in order to bind future governments to getting the national debt down, finance minister Alistair Darling said on Monday. Latest in World Markets Klik her for at læse hele nyheden [more...]

Date: 2009-09-28 12:12:02

Barack Obama Vows Future Budget Restraint

To a public wary of government spending, President-elect Barack Obama is offering a salve with his massive economic stimulus package: ... to embrace deficit-reduction goals even as he promotes a spending and tax-cutting plan — expected to cost ... debt that we have," said Rep. Dennis Moore of Kansas, a member of the congressional Blue Dogs [more...]

Date: 2009-01-07 11:35:48

Public Service Loan Forgiveness Program

This information comes from a great web page created by the National Council of Nonprofits ... Cost Reduction and Access Act of 2007. There might be hope for those with tremendous student loan debt ... , public safety, public interest law service, public care for children, elders or disabled [more...]

Date: 2009-01-05 21:51:43

Obama's Economic Stimulus Omissions?

The cornerstone of magic acts revolves around the magicians’ ability to hide the deceptive elements that create the illusion ... projects. The cost of his vision will add another $775 billion to the national debt. Improving ... , when it decides what we should spend on national security. Nor did he mention the reduction of capital [more...]

Date: 2009-01-12 10:51:28

Mercy announces staff cutbacks, program changes

Mercy announces cost containment measures, including staff reductions and service changes Mercy Health System of Kansas, Inc ... obligations to provide charity care and rising bad debt in unpaid patient accounts as the factors ... action immediately.” Measures implemented today included the elimination of 56 positions across [more...]

Date: 2009-01-07 23:19:41

Gordon's Big Porkie

At PMQs Gordon told Dave that around the world "no one except him is proposing we cut public spending at this time" ... on government debt within the next five years. If government spending is not controlled, Gordon really ... : Cameron was wading into the VAT reduction (at a national cost of £12bn it's giving two packets of crisps [more...]

Date: 2009-01-14 08:29:06

Can Collection Agencies Sue Me For Outstanding Debt?

Amazon.de Widgets The question that many people are asking is ‘can collection agency sue for a debt?’ With the amount of people suffering financial hardship due to the current economic crisis the number of people facing difficulties paying their bills is increasing rapidly and for the time being, at least, this trend shows no sign of reversing.Previously, lenders who had borrowers that had fallen into arrears would normally, only go as far as to post negative credit information upon the debtors [more...]

Date: 2009-09-29 11:34:48

Resisting The Urge

I have met a lot of people who have taken steps to improve their finances in an incredible way, and then they fall victim to "the urge".  What is "the urge"?  It takes shape in various forms.  Here are a few … I have put off fun too long.  I deserve to have some fun.  It is OK to take a vacation and pay for it with our credit card. That is AWESOME!  I want it.  No, I don't want it.  I need it!  It is OK to use my emergency fund for this purchase. [more...]

Date: 2009-09-29 08:00:45

Is a new deal on climate change closer or further away?

Everyone seems to be agreed that a new global climate change deal at Copenhagen is essential and that the chances of success are balanced on a knife edge. And yet there are some mixed signals coming through. On the one hand we hear that China is signing up to new carbon 'reduction' pledges at the G20. Whilst the pledge is not ideal (it is to reduce the carbon output per unit of GDP, rather than actual reductions) it is nevertheless a huge step forward for the worlds biggest carbon emitter. [more...]

Date: 2009-09-28 14:23:00

New US Credit Card Legislation Has Allowed Credit Card Companies Too Much Time!

Amazon.de Widgets President Obama’s credit card legislation, although welcomed during these times of harsh economic woe, unfortunately will probably fall just short of what every American has been screaming out for, a strong leash on the credit card industry. Legislation to regulate the credit card companies from imposing financially sapping interest hikes and reducing credit lines without warning, will shortly be announced, and not a moment too soon as a battle weary American public continually [more...]

Date: 2009-09-29 12:31:20

The Need for Greater Transparency

by State Rep. Jason Murphey (OK-31) I have either been involved in or closely observed some level of government for almost ten years. In that time I have studied a series of local, county and state government entities, as well as an array of government public trusts. I have spent a good deal of time listening to those groups argue about why they needed to continue receiving taxpayer largesse, need more taxes and fees, or want approval for new debt spending. [more...]

Date: 2009-09-28 14:25:34

The More Things Change, The More They Change

A little back-story for those new to No Credit Needed - Back in April of 2005, my wife and I decided to get serious and do something about our debt reduction.  As part of our plan, I created this website to track our progess.  After ten months of planning, working hard, sacrificing, dealing with setbacks, and learning from our mistakes, we were able to celebrate – we were debt free!  Less than a year later, we managed to fully-fund our emergency fund and for the past two years, we have managed [more...]

Date: 2009-09-29 00:37:55

What Are The Benefits Of Using 0% APR Credit Cards?

Amazon.de Widgets The practice of chasing 0% credit cards has been around for a while now. Let’s face it, if you could guarantee continual use of credit cards without paying interest you too would jump from one card to the next.0% credit cards are as popular today as when they first appeared a few years ago and even during these harsh economic times credit card usage and the pursuit of these deals is continually increasing with massive increases in the past 5 years alone.How much of the blame [more...]

Date: 2009-09-29 12:13:36

My Identity may have Been Compromised

I got a notice yesterday that my identity maybe, could have, probably, possibly been compromised. The scariest part of it is the information that was compromised is essentially my entire life, it was a background investigation file. I am fortunate to be close enough to the issue that I know the risk associated with what happened is extremely low if not non existent. Just to be on the safe side I have been provided with 1 year of complimentary credit monitoring. [more...]

Date: 2009-09-29 13:30:32

No bailout Needed: Good News from The Rags

It has been a long time since we had good news from the newspaper industry. But thanks to today’s upbeat figures from Gannett (NYSE: GCI ), the industry is surging. Lee Enterprises (NYSE: LEE ) has taken the lead. There is a rare bit of good news for the newspaper industry this morning – and it’s a whopper! Share prices across the downtrodden sector are soaring today thanks to word from Gannett (NYSE: GCI ) that the company expects to handily beat its third-quarter earnings projections. [more...]

Date: 2009-09-29 20:09:26

How to Pay Off Debt, Even if You Never Could Before

by Sean Payne A large number of people who are currently in debt have tried at least once to pay off their debts. Many of them have tried several times. Unfortunately, most of them have failed, ending up even deeper in debt than before. What causes this? Why do they end up accumulating more and more debt? The answer can be found in the methods that they use to try to get out of debt. Those people who use additional loans to get out of debt are only temporarily fixing the problem. [more...]

Date: 2009-09-29 10:43:16

Bonita Bay Brawl: Are Club Members “Victims” Of Developer Lucas and KeyBank?

By Teri Buhl for BankImplode.com The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s group of lenders, led by KeyBank , who had lent the developer $120 million by securing club property, is aiding in the scheme. [more...]

Date: 2009-09-29 16:03:28

Constellation Energy Group Inc. Has Long-Term Potential, But Short-Term Problems

As the second-largest provider of electricity to the United States, Constellation Energy Group Inc. (NYSE: CEG ) has a tremendous upside. At least, it would if the economy were growing strongly.  Unfortunately, that’s not the case. And that means Constellation will have to clear a number of hurdles if it’s going to fulfill its long-term promise. Last year, the company bet big on higher energy prices and paid the price dearly when the economy collapsed. [more...]

Date: 2009-09-28 15:05:15

Public meeting on enhanced pensions for water workers is Tuesday

The Metropolitan Water District of Southern California will hold a public workshop on proposed union contracts that would hike pay and pensions at 10 a.m. Tuesday at its  Union Station headquarters . While Met’s current pension formula is among the least-generous in the area , the proposed hike is generating outrage because it would cost some $70 million , at a time when Met’s investments in Cal-PERS are already down some $400  million - and at a time when water rates are jumping . [more...]

Date: 2009-09-28 22:47:12

Operation Rollback

Posted by Review-a-Day, September 29th, 2009 3 CommentsFiled under:Review-a-Day. The Retail Revolution: How Wal-Mart Created a Brave New World of Business by Nelson Lichtenstein Reviewed by Jefferson DeckerThe Nation In October 2003 employees at more than 800 chain supermarkets in California walked out of their jobs after management demanded pay cuts and a reduction in health insurance benefits. [more...]

Date: 2009-09-29 09:54:00

A bloody mess…

F or reading up on commercial real estate, Robert Knakal’s blog is one of my favorite sites.  His topics are of interest.  He has good commenters that are knowledgable about the commercial real estate business and his writing is accessible to the layperson.  His latest post is the perfect summary of the significant problem facing commercial real estate properties, a problem that will plague commercial real estate for years, as it is estimated that there will be in excess of $ 1 trillion [more...]

Date: 2009-09-29 19:18:07

Are Bad Credit Debt Consolidation Loans Difficult To Obtain?

Amazon.de Widgets Bad credit Debt Consolidation Loans are they still available? This article looks at whether or not the consolidation loan for people with bad credit is still available.Don’t take my word for it, but bad credit consolidation loans are rare…very rare, but the situation is improving slowly.It never used to be the case, but the decline of the economy over the past two years, due to the global fall out from the sub prime mortgage fiasco, has meant that lenders are reluctant to lend [more...]

Date: 2009-09-28 11:56:59

Do You Pay Yourself?

The standard unfolding is which we get your paycheck. After we redeem from a startle during how small is left after taxes, we ensue to divvy it up between all your superb bills, intending to put whatever is left over in to your savings.But there never seems to be anything left over and your assets dont grow.A improved devise would be to compensate yourself first. Dont let a income get in to your hands. [more...]

Date: 2009-09-29 13:09:09

AZZ Beats Expectations – Analyst Blog

AZZ Inc. ( AZZ ) reported fiscal 2010 second-quarter results on Friday. The company said GAAP net income fell marginally to $11.1 million from $11.3 million in the year-ago quarter. Earnings per share came in at 89 cents per share, beating the Zacks Consensus Estimate by 24 cents, or nearly 37%. AZZ is an electrical equipment and components manufacturer, serving global markets of power generation, transmission and distribution as well as general industrial markets. [more...]

Date: 2009-09-28 16:27:19

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): The banks aren’t coming along for the ride. “There’s just a lot of worry about financial companies, that they might have to raise additional capital — nobody really wants to buy aggressively here, [more...]

Date: 2009-01-14 12:59:00

Debt Update – 9/28/09

With starting a new job, I only received 3 weeks pay for the month of September, so that put us back a little bit in terms of paying off our car loan. It will definitely be paid off in October though since we only owe 4% on it yet, so that’s good news! Then, I can focus on student loan #1 which is the smaller of my two students loans. The other student loan will probably take 2-3 years if we are aggressive in paying it off. [more...]

Date: 2009-09-28 15:00:02

Save Thousands by Prepaying your Mortgage

If you’re determined to cancel your home loan as soon as possible this is not a bad idea, you can put extra money towards the loan but there are some things you need to be aware of. Depending on the amount of money you destine every month towards your home loan you could reduce the length of it from months to years and of course you would be paying less interest on the principal as you would be reducing it systematically. [more...]

Date: 2009-09-28 12:35:42

Will Your Credit Score Be Ruined By Credit Card Debt Consolidation Negotiators?

Amazon.de Widgets Credit card debt negotiators claim that they can help you pay less than you owe. Read the truth about credit debt negotiation scams. Protect your credit history.There are different reasons why people fall into debt. All of a sudden you may realize that you just can not make your regular payments. All of your bills and credit card statements drive you to the point of insanity and it seems that you will be unable to get out of this pit without help. [more...]

Date: 2009-09-29 11:50:50

Love in the Time of Economic Recession

“C’mon, Love, think about it,” he says in that adorable and sometimes impossible-to-comprehend British accent of his, “You can move in with me! ... , and the dwindling contents of my checking account (and slowly rising credit card debt) made the idea of rent ... to be taken seriously (the four vodka cocktails I’d consumed that night didn’t help, either [more...]

Date: 2009-01-14 14:35:30

Sunday Money Roundup - Frugal In Winter In The High Desert.

So, with over 2 feet of snow on the ground the other day, I hung out our laundry. Yep, the thermometer read 22 degrees, but at this altitude ( ... about buying something? He needs your advice! Gather Little By Little dips his toes into a 0% interest credit card. Go see what he is using it for! MoneyMate Kate tries to deal with United Airlines [more...]

Date: 2009-01-11 14:00:43

James Passin: Rising Commodity Prices to Trigger Renaissance for Nuclear and Gold

Source: The Gold Report Commenting on what he views as an inevitable hike in commodity prices—and an equally inevitable shift into ... credit crisis has triggered a host of feedback effects, which have resulted in driving down energy ... economic conditions. There’s no credit lines needed to finance purchases, so we’re seeing catastrophic [more...]

Date: 2009-01-14 14:30:29

Can Debt Consolidation Make My Financial Position Worse?

Debt consolidation is one of the best ways of reducing debt. Your monthly payments become much lower and this will give you more disposable income. Unfortunately, debt consolidation can also make your position much worse. The reason debt consolidation can be bad is you. You, and your bad financial habits. That is how you got into debt in the first place. Lack of financial discipline If you take out a debt consolidation loan you have given your finance s some breathing space. [more...]

Date: 2009-09-29 11:16:03

Restoring American Global Leadership, One Step at a Time

I think it's fair to say that after the last eight years we in the United States are not quite accustomed to what it is like to have a president that is genuinely popular oversees. This will clearly change under the Obama administration, and with Obama's popularity comes tremendous opportunity to re-affirm America's traditional role as a global [more...]

Date: 2009-01-14 16:16:02

Today in Russian Business - Dec 29, 2008

In trading on Monday, the Russian ruble again fell to a record low against the euro as the Central Bank again widened the band to loosen its defense ... payments from the debt-burdened group, which could cause another shake up between Oleg Deripaska ... is expected to suffer its biggest decline in 60 years, with a big reduction in orders hitting Russia's [more...]

Date: 2008-12-29 16:19:41

Should Univision and Telemundo merge?

    As I listened to last Fall’s Big Three congressional hearings, which revived talk about a possible GM-Chrysler merger, ... get more support from a mega-sized Hispanic media company. I also think that GE and Univision’s owners would welcome the reduction in expenses realized through consolidation and the potential [more...]

Date: 2009-01-15 16:53:51

Dissecting the 2012 GOP Candidates

As more and more current and former elected officials signal to the media and conservative organizations their intention to seek the nomination in 2012, I decided to analyze where the candidates have positioned themselves in the Republican political spectrum, on both foreign and domestic policy.  I combined their legislative advocation, voting records and most recent statements and writings on public policy. [more...]

Date: 2009-09-28 12:31:50

Durbin Gets a Clue

Durbin Gets a Clue Posted by HughS Published: January 10, 2009 - 7:40 PM Michael G. Franc at The Corner notes that Senator Dick Durbin ( ... , when taxpayers choose to reduce debt (and personal risk) instead of spending the money we have yet another ... trust a tax cut more than a one time stimulus payment in the same way a politician understands [more...]

Date: 2009-01-11 00:40:56

Reduce Your Interest Rate With A Credit Card Debt Consolidation Loan

Amazon.de Widgets Credit Card Debt Consolidation Loans are the perfect solution to manage credit card debts properly. These loans will not only provide a manageable single loan but will reduce greatly the amount you repay each month because of the lower interest rates often applied to loans.It is without a shadow of a doubt that most people would like to reduce their debt burden to as small an amount as possible. [more...]

Date: 2009-09-29 11:54:49

How Canadian Retirement Affects Some Americans

by William Blake There are some Americans who live near Canada who have strong opinions about Canadian retirees ... MPH below the speed limit to enjoy it. Road rage doesn’t seem to be quite as big a problem in other ... Canadians seem to be oblivious to any problem and continue doing what they are doing. Shopping Together [more...]

Date: 2009-01-16 02:15:21

What Can I Do? I’m Treated Like A Financial Leper Because My Credit Is Bad

Amazon.de Widgets If you feel like you’ve been well and truly left out to dry by the financial institutions, you have every right. The current economic meltdown is the reason, and because of our excessiv spending of the last 5 years we’re not totally blameless, but we’re certainly not to blame for the financial mess that the US and the rest of the world is facing right now either. [more...]

Date: 2009-09-28 12:04:42

Despite Reports, Nortel Operates as Usual

Reports are circulating that Nortel has declared bankruptcy and pieces will be sold off to foreign firms. Company sources say this is untrue ... from encouraging companies and individuals to take on as much debt as they can to abruptly stopping all financing and debt renegotiation. During the dotcom/telecom bubble, VCs poured money into companies [more...]

Date: 2009-01-14 22:14:40

The German stimulus package is more inspired by us than by Labour

Controversy raged last month over whether the German government was following the same economic approach as Gordon Brown or not ... "crass Keynesianism" and that on Brown's VAT cut, "all this will do is raise Britain’s debt to a level ... incentive on scrapping old cars in favour of newer, more environmentally-friendly models [more...]

Date: 2009-01-15 12:45:24

Reward Sanity! Netherlands For Nobel Peace Prize!

Dr. Stephen Frye author of Twenty-five Reasons to Legalize Drugs – We Really Lost This War, recommends that, Louk Hulsman, Professor Emeritus of Criminal Law at the University of Rotterdam, who was originally responsible for crafting the forward-thinking drug policy in the Netherlands and the Dutch Ministry of Health [more...]

Date: 2009-01-14 19:32:00

Military Retirement - Special Tools for Planning

by Michael Geoffrey People in the military usually have a much different retirement plan than ordinary civilians so they should use a special ... . Most people in the military are members of a credit union and that is always a great source of information. Getting help at your credit union is a good idea because they have years of experience [more...]

Date: 2009-01-15 23:55:06

$11 billion fewer reasons for the Coalition to complain

And they're just the start From Swan: FINAL BUDGET OUTCOME 2008-09 The Australian Government general government sector recorded an underlying cash deficit of $27.1 billion (2.3 per cent of GDP) for 2008-09. This outcome was $5.0 billion better than expected at the time of the 2009‑10 Budget, reflecting lower than anticipated spending of $2.2 billion and higher cash receipts of $2.8 billion. [more...]

Date: 2009-09-29 00:43:00

Economist predicts layoffs through 2010

Hahn The current recession will be the nation’s longest and deepest since the Great Depression, ... reductions in consumer spending. A continuing flood of home-loan payment adjustments that will result ... – and borrowing trillions of dollars to finance the difference. We have been on a 25 year debt binge [more...]

Date: 2008-12-26 12:59:06

20 Questions for the Secretary-Designate

In preparation for Secretary of Education-Designate Arne Duncan's confirmation hearing in the Senate tomorrow, ... to improve student achievement and narrow achievement gaps? How should the federal government be involved ... use of static test scores or do you favor a model that compares individual student growth from year [more...]

Date: 2009-01-12 18:37:34

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed by Sean PayneMany people who are in debt have tried at least once, and probably several times, to pay off their debts. Sadly, a significant number of these people end up getting even further into debt than they were when they started.What’s the reason for these people accumulating even more debt? The answer lies in the methods that they use to get out of debt. [more...]

Date: 2009-09-28 13:14:57

Don’t let Credit any Credit Card Company Keep you Down

by Denzel Abintenk Unfortunately it is very normal for people to get themselves into severe debt using their credit cards that they require the ... and quickly find yourself in exactly the same position again. Credit card debt is a vicious circle, once ... which encourages you to spend more. The best way to prevent credit card debt is to be cautious [more...]

Date: 2009-01-14 20:27:27

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