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Bedtime Stories with Gerry

Gerry Connolly is a Congressman. Gerry used to be Chairman of the Fairfax County Board of Supervisors ... to increase the national debt. Right now, the National Debt is approaching 11 Trillion dollars ... be over $41,000. Foreign countries and other investors own that debt. Every time we spend money [more...]

Date: 2009-01-15 04:01:55

Blog posts (155) | Videos (37)
 


Det Rattle, June 10 2008: Credit tightening across the board

Stoneleigh: Sorry the Debt Rattle is very late today. I have had very limited internet access this morning due to technical problems. I will be adding material through the day. Credit crisis expands, hitting all kinds of consumer loans The credit crisis triggered by bad home loans is spreading to other areas, forcing banks [more...]

Date: 2008-06-10 18:20:24


Nortel Networks in trouble

p2pnet news view | Off Topic:- Canada’s Nortel Networks, North America’s biggest maker of telephone equipment, is in serious trouble, ... telecommunications company was due to make a $107-million interest payment on its debt. “The board of directors [more...]

Date: 2009-01-14 14:27:44


Harold Pollack: "Get sick and get out." The travesty of medical foreclosures and bankruptcies

Today's news describes yet another study noting how often illness and medical expenses drive people into financial hardship ... bankruptcy researchers: Medical debt is central to the story. This is hardly surprising. Times are hard ... and further into debt. I became involved in many state boards and other opportunities... What kept [more...]

Date: 2008-09-20 21:49:52


Quigley Worries More "Friends & Family" Hiring On The Horizon

Forget the grandstanding about a moratorium on foreclosures ... with $740 million worth of new debt. "The story that isn't being told is what are they going ... Board members who supported taking on the debt -- along with refinancing $3 billion more -- say [more...]

Date: 2008-09-19 16:12:35


Issues that caught, Financial Lessons from my Creditors

TitleWebsite||? That is for solid. Even still prestige license are perhaps one of the most important undertakings people board winning, ... With A home Business. Credit Card Debt Consolidation Services How They Operate. Online Stock Trading [more...]

Date: 2008-09-30 01:28:00


Latest News in Goverment Grants and Debt Relief - Dec 30, 2008

GMAC Receives $5B In Bailout Funds - WCPO 29 Dec 2008 at 9:20pm WASHINGTON (AP) ... - Reuters UK 23 Dec 2008 at 5:28am WASHINGTON, Dec 22 (Reuters) - The U.S. Federal Reserve Board ... learning Cadence … Japan Should Scrap U.S. Debt; Dollar May Plummet, Mikuni Says - Bloomberg 22 Dec [more...]

Date: 2008-12-30 15:02:38


Repaying Your Student Loans

This entry is part 2 of 2 in the series Student LoansStrategies For Paying Back Student Loans “60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report “Default rates ... who leave college with a lot of debt.” — EducationSector Student loans are often easy [more...]

Date: 2008-11-18 17:43:48


100% Buyout Premiums Still Exist (ABT, EYE)

If we told you on Friday that a decent-sized medical merger was coming with a 100% premium, ... . But it is. Up 144% at $21.68 in fact. Abbott is spending about $1.36 billion plus debt to gain ... . It is of no surprise that the board of directors approved the deal. Abbott said the deal [more...]

Date: 2009-01-12 15:43:55


Flotsam and Jetsam

Flotsam and Jetsam Jennifer Rubin - 12.21.2008 - 1: ... and something about legislating. And, no, sitting on the board of the ballet and collecting your mother’ ... thirds of their debt into equity. There are also limits on executive compensation. Maybe they’re mostly [more...]

Date: 2008-12-21 06:32:40


Nortel Files For Chapter 11

Nortel Files For Chapter 11 ! Posted by Simon Perry on 14 January 2009 | Tagged as: Business, Financials, Networking [ ... authorization of its Board of Directors after thorough consultation with its advisors and extensive ... and debt burden, to effectively restructure its operations and to narrow its strategic focus [more...]

Date: 2009-01-14 16:34:54


Democrat culture of corruption- Richardson chapter

Ex-investment officer says N.M. lost $90 millionby Tim KorteAssociated Press Writer A former investment officer for the state's educational pension ... in collateralized debt obligations offered by Chicago-based Vanderbilt Capital Advisors and Vanderbilt ... governing board. The lawsuit, filed on behalf of the state under a 2007 law, seeks damages [more...]

Date: 2009-01-15 17:40:17


The Ghost of Depression Past

The Ghost of Depression Past By The Editorial Board The economy is tanking, and true to Republican form, ... , making its other debt more expensive and undermining the very idea of state fiscal relief. Yet Mr ... federal relief, Mr. Hoover was finally persuaded by Congressional progressives to sign a bill [more...]

Date: 2009-01-08 21:08:14


Invitation to Pre-Inauguration Opening of The George W. Bush Presidential Library...

The following email invitation arrived today, from reader "Karen".. ... you out. The National Debt Room, which is huge and has no ceiling. The Tax Cut Room, (Admission ... board, dice, coins, and straws. The Weapons of Mass Destruction Room, (No one has yet been able [more...]

Date: 2009-01-10 20:07:47


What Should Be Done With The Next $350 Billion of Taxpayer Bailout Money: Criteria for TARP II

It’s difficult to make the case that the first $350 billion bailout of Wall Street — so-called “TARP I” — fulfilled its goals, ... of board meetings at which they obviously didn’t oversee very much); to some holders of bank debt [more...]

Date: 2009-01-15 15:54:46


Nortel's statement on the bankruptcy filings

Nortel's statement on the bankruptcy filings Posted: January 14, 2009, 9:24 AM by DrewHasselback Filed under: ... authorization of its Board of Directors after thorough consultation with its advisors and extensive ... with its cost and debt burden, to effectively restructure its operations and to narrow its strategic focus [more...]

Date: 2009-01-14 14:24:00


At White House, McCain Plays Bailout Spoiler

Inside an intense White House meeting over the financial crisis on Thursday, ... reluctance to jump on board the bailout agreement could throw the entire week-long negotiation ... that buy up bad debt. McCain did not discuss specifics of the plan, though, and was non-committal [more...]

Date: 2008-09-26 00:00:19


What Should Be Done With The Next $350 Billion of Taxpayer Bailout Money: Criteria for TARP II

It's difficult to make the case that the first $350 billion bailout of Wall Street -- so-called "TARP I" -- fulfilled its goals, ... of board meetings at which they obviously didn't oversee very much); to some holders of bank debt [more...]

Date: 2009-01-15 15:20:01


Obagi Medical Products - Notes From JPM

Kids, this is one that was interrupted by the plane crash news so we don’t have all the notes. We tried to make do ... income from 07 to 08 *confidence in growing aesthetic market *$24M cash on hand, $0 debt Also on IguanaBio Anonymous tip? Read more here See recent job postings on the IguanaBio Jobs Board [more...]

Date: 2009-01-16 01:44:11


With Alltel Deal Closing, TPG Puts Much-Needed Win in the Books

Limited partners of Goldman Sachs Group and TPG Capital received a welcome New Year’s present when the $28.1 billion sale of Alltel Corp ... through the sale of debt. Seven months later, they flipped it, selling it to Verizon Wireless, a joint ... and Washington State Investment Board. –With Lauren Pollock Shasha [more...]

Date: 2009-01-12 18:08:00


Transcript: Obama Presser - Economy, Panetta, Middle East | January 6, 2009

(Source: CQ TranscriptsWire) SPEAKER: PRESIDENT-ELECT BARACK OBAMA ... of irresponsibility that we’ve seen is the enormous federal debt that has accumulated, a number ... insert pet projects without review. We will create an economic recovery oversight board made [more...]

Date: 2009-01-07 02:11:15


Now's the Time to Invest!

OK so the government seems to think they can fix everything by printing money. That's what the bailouts are all about ... has to do is announce an across the board tax cut. That means cutting corporate taxes, import taxes, sales ... some Pesos. We are already 1 Trillion+ in debt and they want to double that. What that boils down [more...]

Date: 2009-01-15 15:08:20


Proposed FY 09 Budget

Last night, 1/12/09, Dr. Tanner presented a budget proposal to the School Board ... a highly controversial cigarette tax and removal of $450 million from the rainy day fund ... grounds/maintenance •    -$20,000 debt service decrease •    -$172,695 facilities •    $0 spent [more...]

Date: 2009-01-13 15:10:09


LucidMedia Secures $8.8 Million in Funding

LucidMedia, an online contextual display advertising platform and meta-network, ... of $8.8 million in funding, including the value of converted debt, to support the launch ... veteran Milan Mandaric, and Redleaf Group, whose CEO, Michael Tomana, has joined the company’s Board [more...]

Date: 2008-12-15 15:05:49


School accountability: Not Is there ANYTHING a charter school can do wrong to get the charter school shills on the state Board of Education -- led ... that has been failing to pay taxes, has exceeded the enrollment cap, has run up a huge debt and which depends on unpaid staff to complete the year. Speaking of charter schools: The blizzard of [more...]

Date: 2009-01-08 02:14:33


No Pork, Part II (by Russell Roberts)

Obama is aware that a few people might be skeptical of the government's ability to spend 500 or so billion dollars quickly and wisely ... be a piece of cake: The mounting debt has raised an alarm on Capitol Hill, where some Republicans ... of the late-1980s, when overspending automatically triggered across-the-board cuts to federal programs [more...]

Date: 2009-01-07 15:50:01


Who likes curry? (4)

Have you heard of those vision boards every body and Oprah are talking about? Do you think it's garbage or The Law Of Attraction? Don't answer that ... debt free. You are such a gem. Blueberry muffins will be delivered to your doorstep promptly [more...]

Date: 2009-01-14 04:09:43


Rwanda / IMF Executive Board Completes Fifth Review under PRGF and Approves US$1 ... Executive Board also concluded the 2008 Article IV consultation with Rwanda. Details of the findings ... program in 2008. Economic growth accelerated and external public debt sustainability improved. While [more...]

Date: 2009-01-13 10:12:00


Summit Said to Prepare for Deals

Amid a return of froth to Hollywood deal-making, independent film studio Summit Entertainment is reportedly mulling doing a little shopping of its own.The New York Post reported that the studio behind the “Twilight” franchise is about to tap Morgan Stanley to help it target growth opportunities, which may include making a run at Metro-Goldwyn-Mayer or The Weinstein Co.Summit is bringing the bank on board in order to help it find ways to to expand, which along with acquisitions, might also include [more...]

Date: 2009-09-29 09:07:52


They Call This Season ‘Fall’ for a Reason

Photo: Matthew Bradley / flickr So now it turns out that the whole Troubled Assets Relief Program (TARP) was a flop or more likely a scam. Remember Bush Treasury Secretary Henry Paulson telling us last September that credit markets had locked up, and then, after half of the $750 billion that he extorted out of Congress was handed out to Wall Street firms, new President Barack Obama justifying the spending of the second half of the money because we needed to “get the banks lending again”? [more...]

Date: 2009-09-28 16:27:36


They Call This Season ‘Fall’ for a Reason

Photo: Matthew Bradley / flickr So now it turns out that the whole Troubled Assets Relief Program (TARP) was a flop or more likely a scam. Remember Bush Treasury Secretary Henry Paulson telling us last September that credit markets had locked up, and then, after half of the $750 billion that he extorted out of Congress was handed out to Wall Street firms, new President Barack Obama justifying the spending of the second half of the money because we needed to “get the banks lending again”? [more...]

Date: 2009-09-28 16:27:36


Never Show up to a Gunfight with a Knife

Why do so many people struggle with money? Why is it so difficult to get ahead in a time of such prosperity? Why do the rich keep getting richer while the poor and middle class seem to continually struggle? I’ll tell you the answer: Most people follow bad advice and mimic strategies of the financially unsuccessful rather than imitating those who are already wealthy. You see, every day you make money choices that affect all areas of your life. [more...]

Date: 2009-09-28 20:03:13


GDP’s Debt to Credit

The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next few weeks after the FDIC board of directors meets. Stock market bulls aren’t concerned about the inevitable acceleration in bank failures — at least for now. [more...]

Date: 2009-09-23 18:10:17


GDP’s Debt to Credit

The FDIC is considering tapping its emergency line of credit with the Treasury. FDIC Chair Sheila Bair recently hinted after a speech at Georgetown University that all options are on the table when it comes time to replenish the dwindling Deposit Insurance Fund. We’ll find out more in the next few weeks after the FDIC board of directors meets. Stock market bulls aren’t concerned about the inevitable acceleration in bank failures — at least for now. [more...]

Date: 2009-09-23 22:12:34


Citibank (NYSE: C) CEO Expects No Major Changes for Retail Banking

Rumors are flying that Citibank (NYSE: C) will be pulling out of all but a few major metropolitan areas, but contrary to recent indications in the Wall Street Journal, it seems that its branches nation-wide will be largely unaffected. The report that surfaced Wednesday indicated that Citibank might leave Pennsylvania, Massachusets and Texas to focus on its six biggest markets, which are Los Angeles, San Francisco, Chicago, Miami, New York and Washington D.C. [more...]

Date: 2009-09-28 14:00:05


D.C.’s Taxicab Confessions: Loose Lips Daily

As much local politics as humanly possible. Send your tips, releases, stories, events, etc. to lips@washingtoncitypaper.com . And get LL Daily sent straight to your inbox every morning! IN CASE YOU MISSED IT—’ Jim Graham Postpones Hearing on Taxicab Bill ‘; ‘ Majority of Voters Polled Disapprove of Fenty ‘ Morning all. More details trickled out this weekend on the investigation that led to the Ted Loza arrest. [more...]

Date: 2009-09-28 16:06:44


Learn More About Selling Foreclosed Homes To Generate Income Today

Have you ever wondered how to make money selling foreclosures . It’s easier than you think. We have compiled hundreds of useful tip and tricks that could make you rich. Enjoy instant access and a 7 day trial. Stop breaking your back working way to hard for your monthly income. Start breaking the bank and sell foreclosed properties. There is now a NEW way to make money in foreclosures, which is totally different. First, you do NOT need any money to get started. [more...]

Date: 2009-09-29 21:36:07


Rich Dad’s Guide to Becoming Rich…Without Cutting Up Your Credit Cards

The real trick to building personal wealth is learning how to transform ‘bad debt’ into ‘good debt.’ This quick-hitting book explains how-without having to cut up credit cards. This is the eighth book in the phenomenally successful Rich Dad series. This book was originally published as an e-book and now joins the Rich Dad series in trade paperback format. About the Author Robert Kiyosaki founded an international financial education company and invented the board game Cashflow. [more...]

Date: 2009-09-29 04:38:06


December calendar — day by day

The Supreme Court on Monday released the oral argument calendar for the session that begins Monday, Nov. 30, and ends Wednesday, Dec. 9.  The calendar can be downloaded here . Here are the scheduled arguments, day by day, with a brief summary of the issues involved: Mon., Nov. 30: Graham County Soil & Water Conservation Dist. v. U.S. ex rel. Wilson (08-304) – scope of right to sue to recover false claims against the federal government Merck & Co., Inc., et al. v. [more...]

Date: 2009-09-28 19:53:35


Cash Gifting The Real Deal

Let’s just assume that you haven’t even heard of cash gifting. The rest of you have “No Excuse” As someone who has spent and loss “Thousands” of dollars on this, that and the other investment, countless business opportunities, various home based businesses and a host of other schemes and scams that taught me some pretty expensive lessons, I must say that I truly have no regrets. I am grateful that my gains have been far greater than my losses to this point. [more...]

Date: 2009-09-29 07:29:28


Divinity, Love & Living!

Last week I announced that we were going to be embarking on a fabulous new adventure — & here we are! My amazing friend & psychic advisor Joycelle will be doing weekly readings right here! Am I on the right path & is this a viable career choice? I’m feeling as if the relationship I am in is falling apart, just wondering what to do & if the right person is ever going to come along. [more...]

Date: 2009-09-29 01:04:07


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


Arable Farmland More Precious Than Gold

There is another candidate for "largest Chinese investment in Australia ever." But this time, it involves an asset that is arguably more strategic than oil and more precious than gold. But before we get to that little drama in the Australian share market (and the five-year opportunity it represents), spare a thought for gold. In fact, spare a whole weekend for it! You have may have missed the weekend edition of the Daily Reckoning. If you did, you can read it here . [more...]

Date: 2009-09-29 03:49:02


Bank Of America Cuts Its Acorn Funding

From the Wall Street Journal : Bank Pulls Back From Acorn Work SEPTEMBER 28, 2009 By JAMES R. HAGERTY Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, Bank of America Corp . In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to Acorn Housing, an affiliated group, and "will not enter into any [more...]

Date: 2009-09-28 04:03:59


WSN Bungles the UCSC Occupation

The University of California – Santa Cruz student occupation has been another addition to the chaos of California’s budget crisis. On Friday, my colleague Ned wrote a post about the UCSC occupation with the title, “UCSC Students Go All TBNYU On the Administration.” Yesterday, the Washington Square News ran a piece titled, “Occupation at UCSC similar to TBNYU’s,” along with a staff editorial agreeing with the UCSC students’ reasoning while condemning their methods. [more...]

Date: 2009-09-29 14:34:28


FDIC Seeks Prepayment from Banks – Analyst Blog

In order to replenish the declining fund of the Federal Deposit Insurance Corporation (FDIC) that insures regular deposit accounts when banks fail, the agency may ask U.S. banks to prepay fees for three years. Under the plan, banks would have to prepay their insurance premiums of $12 billion a year for 2010-2012, for a total of about $36 billion. The fees could, however, vary somewhat according to growth in total insured deposits. The FDIC board will discuss the issue today at its public meeting. [more...]

Date: 2009-09-29 14:11:26


Behind the Gambit in the A.S.C.-Xerox Deal

DealBook’s Andrew Ross Sorkin makes the case that the uptick in the stock market and the slow return of credit are reviving the mergers and acquisitions market. The question, however, is not whether the M.&A. market will revive, but instead whether everyone will simply go back to the old party and its bad practices. The question arises yet again as a result of Darwin Deason’s latest gambit. Mr. Deason is the chairman of Affiliated Computer Services, and owns a near-controlling stake in the company. [more...]

Date: 2009-09-29 20:26:36


A Bias to Buy the Dollar

Well… Russia has thrown a cat amongst the pigeons this morning with a rate CUT… Let me tell you why this is a big deal… Well, everyone is thinking that the go-go countries of Norway, Australia, and Brazil will probably begin their rate hike cycles this year… While the US drags its feet and wallows in the zero rate mud… The thinking was that the rate differentials to the dollar would begin to widen, causing even more pain for the dollar. [more...]

Date: 2009-09-29 16:12:57


A Bias to Buy the Dollar

Well… Russia has thrown a cat amongst the pigeons this morning with a rate CUT… Let me tell you why this is a big deal… Well, everyone is thinking that the go-go countries of Norway, Australia, and Brazil will probably begin their rate hike cycles this year… While the US drags its feet and wallows in the zero rate mud… The thinking was that the rate differentials to the dollar would begin to widen, causing even more pain for the dollar. [more...]

Date: 2009-09-29 22:32:30


WHAT? You KNOW Something’s Wrong When Industry VETS Admit There are TOO many Old Men in the Industry!

This entry was posted on Tuesday, September 29th, 2009 at 6:00 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. CommentHot:You know, when I come across a great story in another trade, and the only ones I really read are Radio Business Report, Radio Ink and Radio-Info, I, unlike the other pussy trades, will give them credit. There was a GREAT story in RBR yesterday about the lack of new blood in the industry. [more...]

Date: 2009-09-29 13:00:54



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