Panic! (A vision of the future)

... and old garbage since the 70’s and selling it to you. There is no shortage! National debt? Ha! We’ve [more...]

Date: 2009-01-15 13:30:29

Blog posts (516) | Videos (86)
 

A Mercy Book Review

Mothers and Daughters A Mercy by Toni Morrison / Jennifer McKeown After beginning the first chapter of A Mercy, ... as it does from the perspective of Florens, a lovesick, sixteen-year-old slave ... , returning us eight years earlier to the day Vaark received Florens as payment for a debt [more...]

Date: 2008-12-17 13:46:05

Hallelujah! Where To Hear Handel's

It's not just a ringtone, you know: George Frideric Handel's "Messiah" oratorio, featuring the oft-played "Hallelujah" chorus, ... to hear the passage that allegedly caused King George II to rise from his throne? The Old Messiah ... was in a hurry to write and conduct the "Messiah" because he was deeply in debt at the time [more...]

Date: 2008-12-03 19:02:56

Some Good News Peaking Through?

I've noticed a few piece of good news starting to peak through, though still a lot of bad news out there ... , piecing together the story from old news clippings. It provides a reader with news in chronological order ... raised $152.6 billion by selling debt to investors [more...]

Date: 2009-01-12 18:07:17

Today in Russian Business - Jan 2, 2008

To the shock of citizens, the Belarus ruble has slid 20% in value as the government pegged the currency for the first time to exchange basket equally ... in debt) after being acquired by struggling Russian steel company Severstal. KP Fashion Co., established by 16-year-old designer Kira Plastinina, has filed for bankruptcy seven months after opening [more...]

Date: 2009-01-02 17:10:19

To Loan or Not To Loan

I got a SMS from an old friend this morning at 6am.Can you lend me $2,000 as I need to pay off my debts this week? I will pay you back in monthly installments when I get my pay. If you dont have the money, then its alright.Firstly, it was a surprise to hear from this friend after more than a year. But it came [more...]

Date: 2009-01-15 09:20:00

The Same Old Song And Dance

I have said this before, but it is worth repeating: ... of our national debt, to include the largest annual budget deficits, were all brought to you via Republicans [more...]

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

Odds And Ends

Odds And Ends December 5, 2008 OJ got off for an alleged murder, but could spend as much as 33 years in prison for armed robbery ... committee is still in debt. The US lost 533,000 jobs in November alone. This blogger believes ... featured Obama's 27-year-old speechwriter that depicted him groping a cardboard cutout of Clinton [more...]

Date: 2008-12-05 22:10:44

DPS can’t buy books but pays for upscale ‘welcome center’

The Detroit public school district is $400 million in debt and they just approved $173 million in budget cuts that calls for laying off 300 ... up an old school and opening the offices there? They could save money and still have a very nice welcome [more...]

Date: 2008-12-05 19:52:30

Joseph Stiglitz is Pissed

The Guardian has an opinion piece by Joseph Stiglitz that is simmering with rage and resentment ... to jam into a short piece. The first item has to do with our old friend Amity Shlaes ... . But not all fiscal policies are equivalent. In America today, with an overhang of household debt and high [more...]

Date: 2008-12-07 14:59:06

Jeb, popular with 60%, defended in NYT

Jeb Bush's former budget chief, Donna Arduin today responds to Bill Kristol's recent column questioning the government shrinking credentials of her old boss: During his eight years, Governor Bush reduced the number of state employees by 13,726 ... ; carrying out debt affordability measures; and privatizing services that are run more efficiently [more...]

Date: 2008-12-18 18:25:08

DVD’s I Bought This Week: January 6th

A wise man once said “It’s not just about seeing Star Wars two weeks before everyone else ... to put myself further in debt every week. Appaloosa The Pitch: Long pausing cowboys doing ... . I’d like to see it, and I like old-school horror. So take a chance with me, any takers? I won’ [more...]

Date: 2009-01-13 19:50:16

TEXAS FAITH: Can we have an economy without greed and fear?

This week's Texas Faith question deals with the economy, which clearly has everyone's attention. The situation seems like an age-old tale of greed and fear. Financial houses were doing all they could to sell risky mortgages and complex debt swaps so their bottom lines could grow and they could [more...]

Date: 2008-10-13 23:25:43

Permanent Link to Mattresses and pillows, a diversified portfolio

Mattresses and pillows, a diversified portfolio Post a comment Posted by: Tiffany Wu Tags: Mediafile, Havas, Live Nation, major league baseball, ... be in the most conservative mechanisms I could -- treasury bills, whatever, absolutely. The old trite ... Baseball Commissioner Bud Selig "I'd put 40 percent of it into exceedingly high-yielding senior debt [more...]

Date: 2008-12-05 17:54:59

Did those people at AIG not understand anything about financial risk?

The Washington Post's series on AIG Financial Products, ... , the firm essentially would insure a company's corporate debt in case of default. The model showed that these swaps could be a moneymaker for the decade-old firm and its parent, insurance giant AIG [more...]

Date: 2008-12-30 20:38:31

Twitter Tuesday Profile: @MeWithoutDebt

It wasn’t one big splurge like a boat or a car that pushed our next Twitter Tuesday Profile into nearly $30,000 worth of credit card debt. It was small, menial purchases put on plastic that piled up over time. While this single 30-year-old research assistant in Washington DC prefers to remain anonymous, they are very open about their personal finances on their blog, MeWithoutDebt.com and through their Twitter account, @MeWithoutDebt. [more...]

Date: 2009-09-29 11:57:04

Junk Into Gold: How Cablevision, MetroPCS, Fresenius Raised $2.1 Billion

Fund managers can’t sit on their cash forever. That is one guiding principle that helped a group of banks, led by J.P ... , MetroPCS and Fresenius SE. They combined timing, aggressively discounted pricing and old-fashioned ... to $750 million. MetroPCS drew $3.5 billion in demand for this week’s offering of $300 million of debt [more...]

Date: 2009-01-15 12:13:00

The complacency of fools

Proverbs 1:32 “…and the complacency of fools shall destroy them ... quickly we can adapt to situations. You know the old story that a frog will jump out of a pot of boiling ... NO Just Do it! Getting out of Debt (Part 2): Open your mind Dreamers and planners [more...]

Date: 2009-01-03 16:04:00

The danger of prayer

I live with a kind of odd dichotomy.  I’m a Christian; I believe the Bible is the inspired word of God ... to show.  I easily forget the debt of grace I owe, and judge others too sternly.  And I forget, or even ... it worked.  51-year-old inferior MI.  Sudden ventricular fibrillation (for the non-medical, a dangerous [more...]

Date: 2009-01-16 03:31:47

Bad Day For Old Media

There’s a slew of bad news today for old media companies, and all signs are that it’s only going to get worse ... and other properties has $13 billion in debt. Severe reductions in advertising this year because of the recession has put pressure on the company. Most of its debt comes from the complex transaction [more...]

Date: 2008-12-08 22:22:34

Vitrue Social Media Index Reveals Stark New Year’s Resolution

With a full 2 weeks of the New Year under our belts, I thought it might be fun to explore the top New Year’s resolutions ... that pair well with the age old past time. It’s apparent that 2009 is not conforming to our past ... Life More Quit Drinking Get Out of Debt Learn Something New Help Others Get Organized [more...]

Date: 2009-01-15 18:38:52

Did You Make a New Year’s Resolution?

Therefore, if anyone is in Christ, he is a new creation; the old has gone, the new has come! ... : Lose weight Quit smoking Find a new job Get rid of credit card debt Reconcile relationships [more...]

Date: 2009-01-09 13:44:00

Wheel out the photocopiers, Darling!

Gordon Brown and Alistair Darling, yesterday. A few days ago, ... by billions and using the extra cash to buy assets ranging from government or commercial debt ... , the Telegraph has now cottoned on to the story... The Government is set to throw out the 165-year old law [more...]

Date: 2009-01-12 18:29:01

When Is The Best Time To Buy Bonds?

Bonds, or fixed income securities, are debt instruments issued by companies or the government that pay a certain amount of interest, ... , if the investor is 20 years old, then 20% of the portfolio should be in bonds. This is a bunch of baloney [more...]

Date: 2008-12-10 04:29:21

Remembering the Other Eartha Kitt

Kitt was tagged as sultry, sensual, and sexual alluring. But that was the surface stuff ... me at the old Aquarius Theater in Hollywood. Kitt was in Los Angeles starring in her tour production ... to Madonna. They owe her a debt of gratitude [more...]

Date: 2008-12-29 16:46:15

The Oil Floor

With oil now below $45 a barrel, and Merrill Lynch projecting that it'll drop to $25 in the next year, ... tenets, like reducing debt and growing other spheres of the economy. But Russia's budget for 2009 ... producer states, it seems, have fallen into an old trap, expecting booms to last longer than [more...]

Date: 2008-12-08 20:29:48

Follow the money: Washington to Wall Street

The following is a guest post by Taipan Publishing . It is written by Adam Lass, who is the Senior Editor of Wave Strengths Options Weekly. All views expressed are his own, and this is not a buy recommendation from One Mint. This American company has gained 777% the old-fashioned way: selling junk in backroom deals. As regular readers know, I am a Ford man. Back when I was a kid, you had to make three really important choices. First, you had to pick a political party. [more...]

Date: 2009-09-29 08:00:14

the auto fund is connected to the credit card fund....

It's been awhile since I've done a debt-proof living update. The beginning of the new year seems like a good time.  We're still on track ... the vehicles are old - we'll need a new one at some point.  OR. Roll that payment onto the credit card bill [more...]

Date: 2009-01-06 19:10:46

The Socialist Strategy

By Daniel Greenfield Tuesday, September 29, 2009 Government is essentially a national management system, taking on those tasks that it would be unwise or unworkable to turn over to the free market. Good government functions as intended. Bad government takes over the nation and becomes an absolute force, looting and raiding public resources, suppressing individual freedoms in order to keep itself in power. In olden days this sort of government was considered a tyranny. [more...]

Date: 2009-09-29 21:15:03

Commonwealth in the networked economy [2]

Overcapacity results in a bailout of General Motors to the tune of $50billion Last December the boss of Fiat, Sergio Marchionne, predicted that the economic crisis would finally force the world’s car industry to confront profit-destroying overcapacity and change its broken business model. He also thought that, by the end of 2010, consolidation would result in there being only six high-volume carmakers left in the world. This week, as the industry gathered in Frankfurt, he returned to his theme. [more...]

Date: 2009-09-29 10:09:36

He Says “Scary” Like It’s a Bad Thing

The Chicago Tribune reports: French Culture Minister Frederic Mitterrand was quoted in French media as saying, “In the same way that there is a generous America that we like, there is also a scary America that has just shown its face.” The law is supposed to be scary to criminals — and the law’s persistence, over the span of decades, is scarier still, but rightly so. People shouldn’t be able to evade justice by fleeing to a hospitable jurisdiction. [more...]

Date: 2009-09-29 16:49:30

Money

A succinct account of just what ails our financial system from Janet Tavakoli. (via Jesse's Cafe Americain ) Wall Street’s Fraud and Solutions for Systemic Peril By Janet Tavakoli TSF Opinion Commentary – September 29, 2009 http://www.tavakolistructuredfinance.com/Fraud.pdf   Last week I gave a presentation to members of the International Monetary Fund (IMF) explaining the corrosive atmosphere that allowed the largest Ponzi scheme in the history of the capital markets to flourish. [more...]

Date: 2009-09-29 18:04:06

The 7 new rules of financial security

In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk.John Maynard Keynes, the Depression-era economist who’s having quite the comeback, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?”Money has long advocated the benefits of consistency in your investing and financial planning. [more...]

Date: 2009-09-29 10:57:27

Megawoman

From a Philosopher King to a Businesswoman in a Pantsuit It was once said that as goes California, so goes the nation. That may not be as true as it once was. California is certainly a very blue state in a very purple country. But just because the nation will never be as pro-choice as the Golden State doesn’t mean that general trends don’t tend to start out west and work their way eastward. California discovered Nixon before the nation did. Ditto with Reagan. [more...]

Date: 2009-09-29 14:55:33

Prieur’s readings (September 29, 2009)

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. • Caroline Baum, Bloomberg Bond traders are boubters, lemmings or sissies , September 28, 2009. Where are those gunslingers of yesteryear, ready at a moment’s notice to assert themselves in the marketplace, challenge the Fed on its easy-money stance and punish the federal government for its profligate spending? [more...]

Date: 2009-09-29 10:24:31

Prieur’s readings (September 29, 2009)

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. • Caroline Baum, Bloomberg Bond traders are boubters, lemmings or sissies , September 28, 2009. Where are those gunslingers of yesteryear, ready at a moment’s notice to assert themselves in the marketplace, challenge the Fed on its easy-money stance and punish the federal government for its profligate spending? [more...]

Date: 2009-09-29 10:24:31

Market Commentary From Monty Guild

Dear CIGAs, The end of September is here.  We wish you a happy and healthy fall season in the northern hemisphere and spring in the southern hemisphere. THE G-20 MEETING Last Thursday and Friday, the G-20 meeting was held in Pittsburgh.  At this meeting, it was decided that world economic power, which had been the bailiwick of the eight G-8 countries, should be broadened to give more voice to twelve additional countries.  This gives the G-20 power to set world economic policies.  The [more...]

Date: 2009-09-29 19:30:43

Eugene Volokh: He Says "Scary" Like It's a Bad Thing:

The Chicago Tribune reports: French Culture Minister Frederic Mitterrand was quoted in French media as saying, "In the same way that there is a generous America that we like, there is also a scary America that has just shown its face." The law is supposed to be scary to criminals -- and the law's persistence, over the span of decades, is scarier still, but rightly so. People shouldn't be able to evade justice by fleeing to a hospitable jurisdiction. [more...]

Date: 2009-09-29 17:50:08

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

Debt-Laden Brits Sell Kidneys Over The Internet

And we thought we had it bad. Cash-strapped Brittons are now selling their kidneys to pay for their mortgages and other debts The donors are charging up to £60,000, an investigation found, according to The Daily Mail , and face up to three year in prison. One is taxi driver who is selling his kidneys over the internet and wants £25,000 to pay credit card bills and get a new kitchen. Another is a 26-year-old with £20,000 in debt when a business collapsed. “At the moment my situation is dire. [more...]

Date: 2009-09-29 12:45:51

5 Real Ways to Get High Straight Out of Science Fiction

Eventually technological advancement comes to every profession– even if that profession is just burn-out, hippy, or full-time junkie ... that are typically associated with sleep deprivation, and no “sleep debt” to pay off. After two days awake ... to generally improve your problem solving abilities, and because of this fact it’s quickly becoming [more...]

Date: 2009-01-14 14:14:18

Pimco’s El-Erian Properly Frames the Financial Debate

Pimco CEO Mohamed El-Erian I am increasingly impressed by Pimco CEO Mohamed El-Erian. Why? I believe El-Erian consistently provides a thoughtful and informed opinion and analysis of the global economic landscape. I witness his sagacity again this morning in reading his Financial Times commentary, Return of The Old Ways of Thinking Threatens Recovery : We are at the point of maximum confusion in the multi-year transition of the global economy, markets and policymaking. [more...]

Date: 2009-09-29 13:34:51

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

My Financial Implosion: What to do with a Windfall

“Spending is quick, earning is slow.” – Russian Proverb For the past eight years, my wife and I have been self-employed.  We correspond at least quarterly with our CPA to ensure that we pay the correct amounts on our estimated taxes.  Since our business income and expenses can vary so wildly, we’ve pretty much given up on trying to forecast the number at the beginning of the year. [more...]

Date: 2009-09-29 17:33:56

Fun & Money

Brent Dobson over at Moonjar.ca wanted me to let y’all know that they’ve just launched their Classroom Contest. A classroom kit is the prize, which includes the Moonjar Leader’s Lesson Plan, 25 Standard Moonjars, a Classic Moonjar, “How the Moonjar Was Made” picture book and a “Conversations to Go about Money” game. Entries may be submitted on behalf of classes/groups through their teachers or parents. [more...]

Date: 2009-09-29 07:55:59

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

Burn Baby, Burn

Burn Baby, Burn In last Tuesday’s THB, I introduced you to PACE®, Dr. Al Sears’ “native fitness” program.  It’s a one-of-a-kind exercise plan designed around short bursts of intense exertion that mimic the demands placed on our ancient ancestors. What’s so extraordinary about PACE® is that it totally contradicts modern exercise advice.  And that’s a good thing, because as Dr. [more...]

Date: 2009-09-29 10:00:21

Inflation, Deflation, Peak Oil and Complex Systems

In my father’s house are many mansions. Surely one of them has a room with no elephants in it…. Not to crunch too many metaphors right here at the top, but a consensus seems to be firming up in the animate jello of the Internet that we have entered the Season of the Witch. An odor of ripeness fills the virtual air — something between dead carp and apples baking. [more...]

Date: 2009-09-29 16:44:02

There are no short cuts.

Part of what I wanted to say last week ended up in this post, and bits and pieces of my ideas are still swirling around in my head like so many will-o-the-whisps- no sooner do I look at one directly but it disappears from sight. One thing I’ve been thinking about for a while is how convenience can be a weed that crowds out frugality [more...]

Date: 2009-01-02 09:27:15

The Life Cycle Of A Purchase - From Desired Object To Tossed Clutter

RDS of SmartFinancialValues.com left an intriguing comment in response to a recent weekend post asking readers if they would be willing to sell all material possessions to become debt free.  RDS mentions that when it comes to their possessions “ ... payments, and the increased insurance premium.  After all, I worked hard. For those first few days [more...]

Date: 2009-01-07 11:00:37

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