What Henry Ford Knew

"An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business ... --counting government loans, stock purchases, debt guarantees, and backdoor handouts by the Treasury [more...]

Date: 2009-01-11 23:58:00

Blog posts (13) | Videos (14)
 

Small business loan support scheme unveiled by Mandelson

The government today unveiled a scheme to secure some £20 billion of short term lending to support ... to convert debt into equity. Phil Orford, chief executive of the Forum of Private Business, expressed [more...]

Date: 2009-01-14 17:29:05

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

Maybe The Bailout Worked?

I want to grind my teeth every time I think about the U.S ... that a financial meltdown has been avoided as a direct result of the government’s extraordinary ... shape that it is still hard for some people and businesses to get loans they think they deserve [more...]

Date: 2009-01-14 16:37:35

Understanding Financial Statements and Annual Reports (3)

Accounting is the language of business. It is the vehicle for communicating financial information about a company to many different groups of people: managers, owners, creditors, investors, customers, suppliers, government agencies, economists ... is liquid enough to make debt payments and solvent enough to repay the loan principle if the business [more...]

Date: 2009-01-02 02:49:55

ARM TWISTING NOT UNDERWRITING

I'm not surprised politicians are exasperated with the banks' apparent reluctance to lend money to consumers and businesses at “reasonable” rates ... s announcement of a pale imitation of a Tory scheme for taxpayers to underwrite bank loans to try and increase the amount of lending.Mind you, talk of the government stepping in to underwrite bank loans [more...]

Date: 2009-01-14 22:23:00

Current Progress on GM Getting Emergency Government Loans

Late Thursday when the Senate failed to pass legislation to give GM emergency aid, ... . Obviously the clock is rapidly ticking against GM with only 12 more business days in the month of December ... in last week’s Republican plan, including reducing GM’s healthcare obligation debt to the UAW to half. Under [more...]

Date: 2008-12-14 13:19:39

Wall Street Breakfast: Must-Know News

South Korea offers banks aid. Over the weekend, South Korea unveiled Asia's biggest financial rescue package with a $100B government guarantee on foreign loans and a $30B capital injection of U.S. dollars into the banking system. South Korean banks and businesses have found it increasingly difficult to obtain foreign currency, [more...]

Date: 2008-10-20 11:15:00

Unions welcome jobs action but want more to curb banks

by Chris McLaughlin UNION leaders gave a qualified welcome to the Government’s “bold and pro-active” jobs initiatives this week but called on ... a £20 billion loan guarantee scheme aimed at filling a business credit gap caused by the banks’ ... financial restructuring” of car manufacturers whose bosses and workers have called on the Government [more...]

Date: 2009-01-15 23:55:25

Trapped In a Ditch, But Still Digging Deeper

Trapped In a Ditch, But Still Digging Deeper Posted by Playful Walrus on Thursday, January 15, 2009 6:35: ... , growing the size of government, most forms of "affordable housing", and loans to people who can't ... for this manipulation, whether we are rich or poor. Tags: BUSINESS economy Taxes limited [more...]

Date: 2009-01-15 23:34:47

Government Bail out fails - That’s a good thing

Yesterday was most likely one of those days that will go down in economic history ... the panic? Fear that Congress might not be able to come up with a fix to the nearly frozen credit ... to continue day-to-day operations. Businesses of all types depend on these loans and lines of credit [more...]

Date: 2008-09-30 10:49:17

Government Grants

Many people feel that grants are temporary loans. Well, it is not so. Grants means in simple words a favor ... , personal cash, students, research, small business etc. Now, many people are actually not aware about this. I wanted to start a small business and my friend told me to apply for small business grant [more...]

Date: 2009-01-15 15:15:28

Loan Plans for Small Businesses

The government have revealed plans to guarantee small businesses £20billion of loans. In return for a fee, the state will insure banks against companies defaulting on loan repayments. However there are concerns that £20billion won’t be enough for all businesses to share. Prime Minister Gordon Brown has described the measures as “real help now to deal with specific problems”. [more...]

Date: 2009-09-25 07:30:25

13 Results