Advice to Pres. Obama #1: An Actuary's Impractical Perspective

The suggestion was made to Oil Drum staff that some of us might want to write recommendations relating to President Obama's energy policy ... our financial problems behind us. This is a tough one. There is vastly more debt in the world than can ever ... . A fractional reserve banking system requires continued growth, in order to pay back all of the debt [more...]

Date: 2009-01-12 14:42:43

Blog posts (205) | Videos (130)
 

Benefits Of Student Loan Consolidation

by Layla Vanderbilt If you are struggling to pay off your student loans, or to balance the payment of multiple student loans, you may want to consider student loan consolidation. This approach is particularly helpful for borrowers facing forbearance or deferment, or if your level of debt is effecting your credit score. You can often decrease your level of debt, interest rates and number of loans in one step through loan consolidation. [more...]

Date: 2009-09-29 14:34:45

Fast Student Loans Master Key- Pointers to Reveal the Good Colleges

Fast Student Loans Master Key- Pointers to Reveal the Good Colleges by Andrea SouthIf you are requiring bad credit student loans, you have fought with ruined finances in the past, or have not had time to get a great credit rating. Both of these aspects contribute to what is known as bad credit history, and acquiring student finances under both of those categories can be difficult at best.There are a few methods you can utilize to make bad credit student loans possible to gain. [more...]

Date: 2009-09-29 17:21:06

‘Cash for Clunkers’ Finds its Congressional Sponsors

How’s this for a stimulus plan? A trio of senators introduced legislation today allowing owners of gas-guzzlers to trade their vehicles in for ... and highways would help reduce our dependence on foreign oil, decrease greenhouse gas emissions, and stimulate the economy. In addition, it would help boost demand for manufacturers of newer, efficient [more...]

Date: 2009-01-14 22:54:42

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

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

Benefits Of Student Loan Consolidation

September 29, 2009 | By Layla Vanderbilt In Finance | by Layla VanderbiltAre you having difficulties making your monthly payments for the student loans that you have availed of? If you are facing some financial problem due to which you are unable to service your loan, you should go for student loan consolidation. Whether your financial miseries are due to poor credit score, possibility of forbearance or deferment, loan consolidation is a way out of your financial mess. [more...]

Date: 2009-09-29 14:35:03

A Mortgage Calculator Can Save You Money by Calculating Overall Mortgage Cost

As soon as it comes to mortgages, there are several fees that are charged that it is at times very confusing and tough to be familiar with what your monthly payments and overall mortgage cost will be. A mortgage calculator can save you lots of money. Although you by now have a mortgage, you would like to determine how fast you could pay off your mortgage if you raise your payments to a certain amount or the amount you will need to pay every month to pay off your mortgage within certain fix time. [more...]

Date: 2009-09-29 18:16:05

Student Loan Consolidation

Student Loan Consolidation by Layla VanderbiltStudent loan consolidation can be considered as a sensible option to take if you are facing a financial turbulence or for any circumstance unable to meet high monthly payment of your student loan. A typical consolidation consist of a small amount of loan you can take which could be used towards paying future student loan instalments and avoiding further deferments. [more...]

Date: 2009-09-29 14:46:22

Refinances Booming? Not As Much As You Think

Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... down. Only about a third of U.S. mortgage debt outstanding is likely to qualify for refinancing ... or Freddie Mac in the highest-cost areas. “The refinance boom is mostly impacting the people who need help [more...]

Date: 2009-01-16 00:46:03

Credit Rating Agencies

The WSJ ran an editorial the other day arguing against the New York Fed’s proposal to create a central clearinghouse for credit default swap ... : Me: I could see why a million little shops analyzing debt and selling their analysis could make sense ... s clearly a legit problem. But what is the point of them for the private sector. Why are their opinions [more...]

Date: 2009-01-16 00:21:02

Mortgage Calculators Can Help You With Valuable Mortgage Calculations

Mortgage calculators can offer you with useful loan mortgage calculations. A high-quality loan calculator will allow you to make well-informed decision on your mortgage loan whether you plan to purchase a new home, thinking about refinancing a present mortgage loan or just want to be familiar with what your mortgage loan alternatives are. It is extremely significant to take crucial mortgage loan decisions on accurate calculations. Nearly all loan calculators will allow you to achieve that. [more...]

Date: 2009-09-29 18:15:56

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

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

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

Transferring Your Credit Card Balance To a Balance Transfer Credit Card

Transferring your credit card balance is one option if you have a credit card debt and you are unable to pay it off. Your other options are to suffer the interest rate that is killing you, declare yourself bankrupt, or leave the country. However, before you decide on transferring your credit card debt to a new card with an introductory low interest rate, there are some points to consider. Find out which questions to ask your new credit card provider when transferring your credit card balance. [more...]

Date: 2009-09-29 13:14:59

Avoiding Bankruptcy

Avoiding Bankruptcy completely would be best for anyone considering the options, however in some cases, ... to attain a loan again, for example, and it will in fact stay in big red letters on your credit report ... would be speaking with a credit counselor. They have the ability in helping you possibly consolidate [more...]

Date: 2009-01-16 02:11:52

How to Replace Bad Financial Habits With Good Ones

This is a guest post from Leo Babauta of Zen Habits. His first book, The Power of Less, was recently published by Hyperion ... situation? Some ideas: Impulse spending. Overuse of credit cards or other debt. Spending without tracking ... stem from our financial habits. Bad financial habits lead to overspending, too much debt, a house [more...]

Date: 2009-01-14 13:00:09

7 Business Mistakes That Nearly Broke Me… Literally

Over the past 6 years I founded 9 .com companies. Most of the companies failed miserably and lost me a million dollars or so, but luckily a few of them did well enough to cover my loses. The main reason I had a lot of unsuccessful ventures is because I made some really big mistakes [more...]

Date: 2009-01-15 07:37:29

The Bubble Was Bound To Break

WCSH 6 reports from Maine. “2008 was a difficult year for real estate on many fronts ... s now been resolved. But if the problem is your mortgage went up to more than you can afford, (Chapter ... A Manchester woman who owns a courier business got into debt after her gas expenses spiked to $1,500 [more...]

Date: 2009-01-14 13:37:16

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

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

Ask the M-Network: What to do if you’re deep in debt

Last week the M-Network rolled out a new feature:  Ask the M-Network.  This week, we’re going to answer a question about debt from one of my readers ... to know if this is credit card debt or some other debt - there is a big difference. If credit card debt, then you might want to think about going to a consolidation company who can work on your behalf [more...]

Date: 2009-01-14 12:00:07

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

High Priced Republican Party Propaganda Campaign Seeks To Undermine Workers' Free Choice

America's working families turned out in droves last November. Eight years of economic and fiscal policies designed to pauperize them and redistribute wealth upwards was more than enough and even Obama's hint of "hope" was better than McCain's iron clad guarantee of four more years of the Bush economic miracle [more...]

Date: 2009-01-13 18:00:00

10 Ways to Get Out of Debt on the Road to Financial Freedom

Debt is a word that has many negative connotations attached to it simply because it is the number one reason the vast majority of people are facing ... to into debt. Banks, mortgage lenders, credit card companies, pay day loan services, and car loan ... you are working your way out of debt. 4. Credit Cards – Credit card debt is a leading cause [more...]

Date: 2009-01-16 00:24:23

10 Reasons to Stop Gambling When You Have a Gambling Addiction

If you have a gambling addiction you are not alone. There are millions of people all over the world who are struggling with some type of gambling problem or a compulsive gambling addiction. If you have contemplated whether or not you should quit gambling your life away, read on. Below are 10 reasons why you should stop gambling now. The 10 reasons to quit gambling that are listed below are based on the the consequences that your compulsive gambling problem can have in all areas of your life. [more...]

Date: 2009-09-29 18:14:13

Hanging In There Ain’t Much Comfort When You’re Near the Top of The Range

Published this intro to the RevolutioNewsletter for subscribers on Monday…you can sign up to get these newsletter intro’s which I sometimes publish ... stocks, the best secular growers, the companies with no debt and tons of cash when (if) the market gets ... from the government paying off all the worthless contracts the company stupidly bought from AIG [more...]

Date: 2009-01-15 12:20:19

Secured Debts - Why Your House Mortgage Must Not Be Overlooked

A simplify definition of debts are money due or own to people under an express agreement to repay ... of the property, and is based on the principle that if you fail to pay or default on your payment ... is to be avoided whenever possible. When that happens, you also lose all the payment that you have already [more...]

Date: 2009-01-15 23:26:29

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: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]

Date: 2009-01-15 11:47:00

Protecting Your Good Credit

It’s safe to say that if you have built a good credit score, you’d like to keep it that way. Who wouldn’t? ... . If you have a good credit score, but can foresee rougher roads ahead, maybe you should consider debt consolidation ... appear to be a larger payment, in fact you are paying a lower payment to each individual company [more...]

Date: 2009-01-16 03:45:25

How does a government create jobs?

One of the predominant promises of the trillion dollar and growing stimulus package demanded by Barack Obama and being developed by Congress is the ... out of it or has secured by taking on debt, is untrue. I see three basic problems with the government creating jobs ... decrease in personal debt load, an increase in cor [more...]

Date: 2009-01-15 22:10:41

The Power of Less by Leo Babauta: Zen for the rest of us

The Power of Less: the fine art of limiting yourself to the essential … in business and in life, by Leo Babauta, ... his life (lose 42 lbs, quit smoking, write 3 books, eliminate all debt, quit day job to work at home ... Principles of Simple Productivity” and will help you implement tips from ZenHabits by showing you where [more...]

Date: 2009-01-15 20:12:51

Mindful of the Miracles

On Tuesdays, I pay bills. This week, I paid all the bills. I can't remember the last time I was able to do that —just write the checks, matter-of-factly, in order of due date, without having to shuffle anything to the back of the pile or dial an 800 number to ask for more time. It seemed like a miracle. It is a miracle [more...]

Date: 2009-01-15 17:50:33

"Dynamic Scoring"

I was thinking about thinking about this: Dynamic Scoring, by Andy Harless: Suppose that, at the beginning of the fiscal year, Congress appropriates $100 billion extra for infrastructure projects. At the end of the fiscal year, how much higher will the deficit turn out to be, compared to what it otherwise would have been? [more...]

Date: 2009-01-13 08:33:00

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

6 Options for College Students To Consider with Respect to the Economy

How does the recession change the way college students plan their future? ... or whatever and then ask these people how you could create a product or service that would help them fight ... their needs and concerns.Get a job as an intern at a growing small business, working for low pay [more...]

Date: 2009-01-15 12:00:00

What 2 Things Are The Main Reasons Why Credit Card Consolidation Should Be Considered?

Amazon.de Widgets Credit card consolidation is an excellent way to improve credit card debt both by simplifying the management of your debt and the more importantly the amount you will eventually repay.Credit card consolidation will undoubtebly help if you have many credit cards and are starting to lose control of both your repayment schedules and the amount you need to pay to each card provider. [more...]

Date: 2009-09-29 11:41:23

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

Tenant Loans - Tenants Only Resort

As if the problems of tenancies were not enough that loan providers too have started treating tenants in a step motherly fashion. Such is the indifference of loan providers that it appears as though loan opportunities are all shut for the tenants. Since they do not have a home of their own, tenants are often eyed with suspicion [more...]

Date: 2009-01-15 22:31:49

No Credit Mortgage – Bad Credit Mortgage Rates Drop?

Bad credit mortgages are becoming more and more common in the United States as mortgage rates drop.  As the unemployment rate rises many bad credit and no credit borrowers want to get a low mortgage rate.  Unfortunately mortgage lenders are much more strict with their lending practices since the credit crisis began.  Many mortgage lenders have seen their competitors close their doors because of bad lending practices. [more...]

Date: 2009-09-29 20:53:09

Nortel Fights On

Nortel - will they or won't they file for bankruptcy? Will they be chopped up into pieces and sold off? ... is planning to file for bankruptcy. Certainly, all the rumors didn't help their stock any. I'm reminded ... . If we continue the drumbeat of Nortel headed into the fires of obvlivion we just might help march [more...]

Date: 2009-01-15 15:25:36

Ireland Won’t Be Going To The IMF

This is very reassuring news. I slept a lot better last night after reading it ... will need IMF financing, after an Irish broadcaster reported that the country may need IMF help ... will default on its sovereign debt, jumped close to record highs before Dublin’s denial. The government [more...]

Date: 2009-01-15 07:44:58

Dave Ramsey's Baby Steps

On Tuesday I talked about melting away your debt snowball ... for getting out of debt. This will just be an overview of the steps, I'll go deeper in depth with them ... freedom. Step 0 - No More Debt While not an official step, you need to swear off debt if you're going [more...]

Date: 2009-01-16 02:59:00

Thailand: Market swings and politics put rice farmers under siege

Flooding of Thailand's rice fieldsSix months ago, the price of rice in Asia had tripled to more than one thousand dollars a ton, ... to pay all my debt," she said. "When the farmland is destroyed, the debt is still ... are always in debt."Thaweewan and other farmers in the village are now worried because of floods [more...]

Date: 2009-01-16 01:48:00

Getting Out of Credit Card Debt; You Can Do It!

Imagine a life without credit card debt. Can you see it? If you’re like many average families, you may have a hard time getting a clear picture ... paychecks. The important truth to know, however, is that it is possible to get out of credit card debt ... of action and some strong resolve to get started on the path to a life without credit card debt [more...]

Date: 2009-01-15 13:08:27

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

Advantages of Online Banking

We set aside some time this weekend to pay a visit to our elderly Aunt Jane* and Uncle James ... of various aspects of life like accounting, finances, debt and more. She is content with Uncle James handling [more...]

Date: 2009-01-13 01:38:47

Debt Deluge - Modified Debt Snowball

I am a big fan of  Dave Ramsey.  I listen to his radio program and I’ve read all of his books.  Dave made famous a specific debt reduction method - The Debt Snowball.  From personal experience, I can verify that The Debt Snowball works - and I’ll be eternally grateful for Dave’s enthusiasm [more...]

Date: 2009-01-15 17:06:11

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