Gov. Rendell urges Milk Marketing Board to help dairy producers

HARRISBURG, Pa. — With Pennsylvania’s milk producers facing prices that are 40 percent lower than a year ago, Gov. Edward G. Rendell has written to the state’s Milk Marketing Board asking for their recommendations on how to help dairy farmers survive the unprecedented financial hardships. Bearing the brunt “Pennsylvania’s dairy farmers are bearing the brunt of historically low milk prices, coupled with historically high production costs,” said Governor Rendell. [more...]

Date: 2009-09-28 21:33:52

Blog posts (155) | Videos (37)
 

Xerox-ACS: the backstory

Xerox, which said early Monday morning it will buy Affiliated Computer Services for $6.4 billion, has had its eye on the IT services company for at least two years, but talks only began toward the end of the first quarter of 2009, several people familiar with the matter told Dealzone. Blackstone, which advised Xerox, worked with the company on this over the past 18 months, in addition to making the introductions earlier this year, according to one source. [more...]

Date: 2009-09-28 15:31:23

ScamBuste 286

NOTIFICATION OF PAYMENT VIA ATM CARD This is to officially inform you that we have verified your contract/inheritance file presently on my desk, and I found out that you have not fulfilling the obligations giving to you in respect to your contract payment. Secondly, you are hereby advised to stop dealing with some non-officials in the bank as this is an illegal act and will have to stop if you so wish to receive your payment immediately. [more...]

Date: 2009-09-29 08:54:51

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

Full Court Press by digby Oh Goody. More bipartisan establishment institutions join with Pete Peterson to give the Republicans and the Blue Dogs excuses to ensure that the government can't do what's necessary to stave off a depression: To modernize an outdated Congressional budget process in light of the daunting economic challenges facing the [more...]

Date: 2009-01-15 04:51:00

Yeung gains 86% of Birmingham City, takeover nears

Hong Kong tycoon Carson Yeung said Tuesday he had moved closer to gaining full control of English Premier League club Birmingham City, boosting his plans to develop football in China.Yeung said he now held 86 percent of the club while his company, Hong Kong-listed Grandtop International Holdings, gained approval to raise the 57 million pounds (91 million US) needed to complete the transaction.The tycoon, who bought 29.9 percent of Birmingham in 2007, is keen to use the purchase of the club to [more...]

Date: 2009-09-29 21:32:55

Money as a Dealbreaker?

Is money a “dealbreaker” in relationship?  If you meet a great person and found out after a few months of dating, they had massive student loans, some credit card debt, and a car loan; is that a deal breaker?  Would you run for the hills or stick around? It was an interesting question posed on a message board I read.  But currently two [more...]

Date: 2008-09-04 13:00:04

Bank of America smashes Acorn

Acorn has taken some huge hits from the money givers that fund their activities legal and otherwise.   The next after Census Bureau, Senate, House of Representatives and other Governmental Organizations, now have Bank of America who apparently used them or worked with them in predatory loans that were such a problem for the country that caused the collapse of U.S. [more...]

Date: 2009-09-29 06:05:34

The Garrett, Watts Report (January 15, 2009)

To Our Clients, Colleagues and Friends, Okay, so Chase is out of wholesale.  (1) They have no more wholesale division, (2) ... s warehouse lending division apparently won’t issue lines to mortgage bankers who do more than a small amount ... .  But the New York Times will be forever, right?  Well, think again.  They have $1.0 billion of debt [more...]

Date: 2009-01-15 16:11:27

SEBI asked BSE to improve its technology platform before listing of its own shares

Sep 29, 2009SEBI The Securities and Exchange Board of India (Sebi) has asked the 134-year-old Bombay Stock Exchange (BSE) to set its house in order before planning a listing. BSE had been planning to list on the exchange for a while and had approached Sebi for permission to list without an initial public offer. Sebi also has to formalise norms for regulating self-listed companies. Some BSE members were keen on the listing of the exchange so that they could sell their shares. [more...]

Date: 2009-09-29 13:28:11

Why Bother Becoming a Bank?

Last week the Federal Reserve Board gave GMAC, the mostly spun-off financial arm of General Motors, permission to become a bank ... the Troubled Asset Relief Program (TARP). Today the Times reports that GMAC, which loans money to car ... things, it has to convert 75 percent of its debt into equity and shrink the share of the company owned [more...]

Date: 2008-12-29 16:47:00

Flotsam and Jetsam

Flotsam and Jetsam Jennifer Rubin - 01.14.2009 - 7:45 AM Uh-oh — I think this is going to be great TV and horrid testimony for Eric Holder: ... . Now Rick Wagoner is the one hinting at bankruptcy. Hmm, it seems a lot of folks were explaining that without a bankruptcy proceeding there would be no mechanism to restructure GM’s labor obligations [more...]

Date: 2009-01-14 12:44:15

Boom! Nortel Files for Bankruptcy Protection

While not surprising given the speculation, it is still a stunning development that Nortel has, in fact, filed or bankruptcy protection ... of its Board of Directors after thorough consultation with its advisors and extensive consideration of all other alternatives. This process will allow Nortel to deal decisively with its cost and debt [more...]

Date: 2009-01-14 14:14:52

Priorities

Last night I was reading the Ensign and they had some suggestions for studying the Doctrine and Covenants this year ... out of debt. We would incur living expenses as debt, and for me that just isn't OK. So, I work outside ... , be an amazing mom, support your husband in his calling, be on the PTA board, help out with the yearbook [more...]

Date: 2009-01-15 16:10:00

Five Ways To Make Any Financial Resolution A Success (Guest Post From J.D. Roth)

This guest post is from one of Wesabe’s new Advisory Board members, J.D. Roth, who writes about smart personal finance at Get Rich Slowly ... resolutions to improve our lives. Many of our goals are financial: get out of debt, open a retirement ... or credit union. Check out this huge list of rewards checking accounts by state for rates as high [more...]

Date: 2009-01-08 17:07:44

Names have been changed to protect the guilty

Row upon row of long faces trudge into the meeting room knowing the outcome is pre-ordained. The economic devastation wrought by the Wall Street mavens coupled with the cavalier treatment of debt by us consumers has finally rocked our little pond… Management is just as solemn, there’ [more...]

Date: 2009-01-15 07:02:33

Flight 1549

Proof Positivity: History In WaxYou know you’ll be in history books when Madame Tussauds displays you in her wax museum ... assistance to improve the quality of life for people victimized by poverty, disaster, and civil unrest ... billion in assistance to people in 100 nations. Mercy Corps pursues its mission through: emergency [more...]

Date: 2009-01-15 14:08:54

Bush sorry legacy will include a presidential library

You can turn on any news program or 24-hour cable channel, and it's a pretty good bet you will see soon-to-be-former President G ... no one has been able to find.7. The National Debt Room, which is huge and has no ceiling.8. The Tax Cut ... Gonzales Room, where you won't be able to remember anything.3. The Texas Air National Guard Room, where [more...]

Date: 2009-01-15 21:25:00

Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals

Keep in mind that the pork laden Stimulus Bill reversed the hugely popular and successful Welfare Reform Bill that President Clinton and the Republican Congress worked so hard to get passed. Welfare Reform was President Clinton’s greatest legacy and Obama/Pelosi took it away from him. If rank and file Democrats were aware of this they would be outraged and rightly so. [more...]

Date: 2009-09-29 00:54:48

Planning for a Rainy Day

There may be nothing worse for a business than to have its owner suddenly die. . . especially if it’s your business. Let’s look at what can happen when an owner dies. Joe Carpenter was the 55-year-old sole owner ... as well and decided to call in his company’s debt — debt Joe personally guaranteed. Within weeks [more...]

Date: 2009-01-15 18:18:00

Yeung gains 86% of Birmingham City, takeover nears

Hong Kong tycoon Carson Yeung said Tuesday he had moved closer to gaining full control of English Premier League club Birmingham City, boosting his plans to develop football in China. Yeung said he now held 86 percent of the club while his company, Hong Kong-listed Grandtop International Holdings, gained approval to raise the 57 million pounds (91 million US) needed to complete the transaction. [more...]

Date: 2009-09-29 13:55:45

Does more debt to beat the debt-crisis make sense?

Order my book online from this link The UK newspapers are full of a new $33 billion government-backed debt facility for small and medium ... that are already deep in debt is not going to help, or at least not for very long. Does it really ... expatriates. Debt does not solve debt problems However, there is a reluctance to get into directly [more...]

Date: 2009-01-15 05:17:25

Posts about ACORN as of September 28, 2009

Massive Voter Fraud In NY linked to ACORN - electionjournal.org 09/29/2009 The Working Families Party and local Democratic Party Officials are at the center of a massive voter fraud scandal in Troy, NY. According to the Times Union : Dozens of forged and fraudulent absentee ballots from people registered to vote on the Working Families Party line were filed in the Sept. 15 primary elections in Troy. [more...]

Date: 2009-09-29 05:45:28

What We Talk About When We Talk About News

Updated: Old-media newsrooms are dying, as are some of their less-lucky online rivals ... of collecting relevant stories — more often than not ones published by enterprises that are cutting back ... of the past few years, risks defaulting on $400 million in debt this spring. And yet this week [more...]

Date: 2009-01-10 17:00:26

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

STIMULATE THIS!

STIMULATE THIS! So now it’s time for another bailout.  The one last month didn’t do the trick, apparently.  800 billion wasn’t quiiiiite enough.   We’re gonna have to try harder. Hey I got an idea for stimulating the economy.  Everybody who reads this, go to www.garygraham.com and buy my damn book!  (ACTING & Other Flying Lessons) [more...]

Date: 2009-01-13 19:58:57

Shame: Baby Orangutan Used as Collateral for $100,000 Loan at Florida Zoo

BY SCOTT PAGE Source: Gulf Breeze News Scott Page/Gulf Breeze News Three-year-old orangutan Indah plays alongside her mother, Sara, ... the child is seven or eight years old. Danyelle Lantz, executive director of the animal park, explained ... to step in and help, so she is working with the private owners of the zoo to try and get the debt paid off [more...]

Date: 2009-01-15 15:34:43

Countervailing Powers

by hilzoy From the Washington Post: "Senate leaders won the support of Citigroup, one of the nation's largest banks, ... too. And I'm glad they won't be trying to block the sensible position that mortgage debt should be treated like any other secured debt in bankruptcy, which looks like a very good way to prevent [more...]

Date: 2009-01-09 01:20:17

The biggest dumbass…In The World!

A Portuguese businessman said he cut off one of his fingers in court with a butcher’s knife in an “act of despair” after a judge refused his offer to settle a 170,000 euro (152,500 pound) debt and said part of his farm must be sold. “ ... through, the local newspaper said. “I freaked out when the judge refused my offer to pay the debt [more...]

Date: 2009-01-15 23:29:08

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

Guest Post: Obama Plan Is Bold, but Not Bold Enough

As details emerge about the incoming Obama administration’s stimulus plans, Peter Boone and Simon Johnson argue that proposals should be even bolder. Boone is chairman of Effective Intervention, a U.K.-based charity, and a research associate at the Centre for Economic Performance, London School of Economics, [more...]

Date: 2009-01-07 09:09:48

Cape council offers school budget help (Jan. 16, 2009)

By Nate Jones Staff Writer  Monday, approximately one month after Cape Elizabeth Superintendent Alan Hawkins discovered he could receive $421,000 less in General Purpose Aid (GPA) funding from the state, the town council voted to transfer $200,000 from the municipal “undesignated surplus” account to a similar school account in an effort to [more...]

Date: 2009-01-15 15:26:16

PAUL BLART: MALL COP likely to unseat Clint Eastwood as box office champ this weekend; MY BLOODY VALENTINE 3-D is hurt by slow conversion to digital, but could still reach $20M; NOTORIOUS targets $10M!

The Martin Luther King Jr. holiday weekend brings four new wide releases to America’s multiplexes along with one major expansion. The Monday holiday means stronger-than-average business on Sunday and a bonus fourth day of steady sales, especially for younger-skewing movies [more...]

Date: 2009-01-15 06:07:47

What I Would Do

My friend Dr. Jeff wrote in response to one of my articles: Jeff Says: December 21st, 20081: ... , and eliminates all tax preferences. Wind down the Fed’s current “solutions” Begin inflating the currency to force up the value of collateral relative to nominal debt levels [more...]

Date: 2009-01-15 05:25:17

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, and many more were left hanging on by a thread — a situation exacerbated by mounting job losses. In Ventura County, December foreclosure filings surged 37 percent from November and 97 percent from a year ago, [more...]

Date: 2009-01-15 18:16:59

Thursday Links

Too Big To Fail - “Shares of Bank of America, the largest U.S. bank, were a top drag on the Dow, with a drop of more than 18 percent to $8.35. The federal government is considering a fresh multibillion-dollar aid package for Bank of America Corp. (U.S. Negotiating More Aid for Bank of America ) to help it absorb losses at Merrill Lynch [more...]

Date: 2009-01-15 15:54:50

Driving Mass Transit Riders Back To Their Cars

Just as more and more Illinois commuters were getting on board with mass transit, ... -term loans, Hynes says his office could begin digging out from under the mountain of unpaid bills. The state would then repay the debt as future revenues trickle in. Gov. Rod Blagojevich shot back [more...]

Date: 2008-11-19 22:40:38

Everything You Wanted to Know About MUD But Were Afraid to Ask

For a bit of background on the district at issue is NAMUDNO, ... , grants, and freedom from limitations (such as limitations on tax and debt) imposed on general purpose ... solutions to specific problems. Though special districts have tripled in number over the last fifty [more...]

Date: 2009-01-13 05:12:11

Do You Feel Stimulated?

Speaker Nancy Pelosi has released a draft of the proposed stimulus package that is now standing at around $825 billion.  It didn’t take too long to grow $50 over what Obama was asking for (read draft here).  Needless to say, that in order to get bi-partisanship off on the right foot, [more...]

Date: 2009-01-15 22:54:11

Will $500,000 earmark for controversial ministry be used to fight voodoo and Satan in Haiti?

NOTE FROM PAM: One of the contributors to Dump Michele Bachmann, Ken Avidor, has been putting together quite an expose on Minnesota Teen Challenge, a ministry of the Assemblies of God that has been tapped to receive a $500K earmark of your tax dollars thanks to Minnesota U.S. Senator Amy Klobuchar [more...]

Date: 2009-01-15 13:11:34

The Citi Never Sleeps - Only its Board, Risk Managers and Regulators

The Citigroup of the past decade is THE shining example of an array of costly failures: accounting policies; business strategies; management compensation schemes; risk management practices; and Government policies. And now we see that Citigroup is doing badly; more badly, in fact, than many thought likely. Rubin is out [more...]

Date: 2009-01-08 16:07:45

The Dividend Dilemma

Obama said he will order the Treasury Department to limit dividends paid by commercial banks and investment banks that receive “exceptional assistance” from the government to “de minimis amounts”. That order will not likely receive any ... receiving “extensive assistance” and are also the primary sources of a large portion (perhaps [more...]

Date: 2009-01-15 16:35:17

The Transition Declaration of Independence

Here is something rather wonderful that emerged in late 2008 from New Zealand, thanks for Dr. Susan Krundieck (about whom more below). It is an update of the US Declaration of Independence, brought up to date for a generation facing peak oil, climate change and economic contraction, [more...]

Date: 2009-01-15 08:56:22

Mankato Free Press: Walz returns raises to Treasury

After several weeks of reading editorials decrying the automatic congressional raises, ... this year to the treasury won’t pay off our $10 trillion debt any time soon,” spokeswoman Meredith ... looked into the question of pay for elected officials, in Pondering pay raises: Elected officials [more...]

Date: 2009-01-15 03:42:17

The Baddest Bank in the West

Give us Madoff! Give us Madoff! "Oil rises to $39 on Bernanke comments..." "Asian stocks rise after Bernanke remarks..." When they turned out the lights and closed the doors in New York last night, the Dow had lost 25 points and oil had gone down to $37. But this morning, investors seem to be feeling better about things [more...]

Date: 2009-01-15 04:51:36

Useful Advice - Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?

My view on this bill is that it will be a dismal failure ... must be at least 31 percent; * They cannot afford their current loan; * They did not intentionally miss ... program include: * 30-year, fixed rate mortgage; * Maximum 90 percent loan-to-value ratio [more...]

Date: 2009-01-15 16:06:21

Irony Alert #2

Wow - two in one day. Digby provides this one over at good old Hullabaloo ... of propaganda. The film, "I.O.U.S.A", discusses our fiscal problems, focuses on the debt and essentially says that we’re headed for a economic meltdown unless we get a handle on the deficit and the debt [more...]

Date: 2009-01-11 13:15:52

Dear California Tax Franchise Board, Here’s My IOU

So if you live in California I am sure you have heard the talk that California might have to issue IOUs to taxpayers who overpaid ... a tax IOU. Can you please send bail? And yes, I’ll accept an IOU. P.S.S. For those of you who missed the satire, I did not lose my home, am not in $400,000 in debt, am nowhere near bankruptcy [more...]

Date: 2009-01-15 13:00:59

Thoughts for a Thursday Morning

© Zoriah/www.zoriah.com The Twelve Editorial Rules for Middle East Reporting1) In the Middle East it is always the Arabs who attack first and always Israel that is defending themselves. This defense is called a reprisal. 2) The Arabs, Palestinian or Lebanese have no right to kill civilians. That is called “terrorism.” 3) [more...]

Date: 2009-01-15 15:06:00

alleged email from careerbuilder ceo

Following the layoffs at CareerBuilder last week that cut an estimated 15 percent of the job board’s workforce, ... ; Careerbuilder Sweden; CareerBuilder UK; CareerBuilder USA and Personified Subject: Where We Go From Here ... are some simple examples: 1) The United States debt has gone from $5.7 trillion in 2000 to over $10 [more...]

Date: 2008-12-12 17:04:56

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