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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CASINO WALL STREET
Bill Werner is an Engineer in Missouri City, Texas. The following is his attempt to Encapsulate All of Modern Economic History ( ... The Vast Matrix of Models of Mind-stuff” we abide in. ~~~ “Credit-default swaps… have become mainly side ... the United States government will go bust.” -Michael Lewis & David Einhorn in How to Repair [more...]
Date: 2009-01-04 23:28:11
Cristina Warthen
Stanford Law School grad turned call girl sentenced to home detention – San Jose Mercury News During a hearing in San Jose federal court, US District Judge James Ware concluded he needed to impose those restrictions on Cristina Warthen after federal …. Cristina Warthen Cristina Warthen , a Law graduate and known to be a professional call girl has been judged for one year home detention and probation of three years on Monday. [more...]
Date: 2009-09-29 13:07:03
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
Bailout Mania As Miracle No Diet, No Exercise Weight Loss Drugs
Peter Schiff, writing in the Wall Street Journal, aptly describes our policymakers’ current fascination with bailouts as a desire for a pain-free ... avoidance. Individuals, companies or cities with heavy debt and shrinking revenues instinctively know that they must reduce spending, tighten their belts, pay down debt and live within their means [more...]
Date: 2008-12-28 05:20:42
War Made Easy_Brainwashing…Why a Global Economic Deluge Looms June 2006!!
War Made Easy… http://www.warmadeeasythemovie.org/ War Made Easy Reaches into the Orwellian memory hole to expose a 50-year pattern of government deception and media spin that has dragged the United States into one war after another from Vietnam to Iraq. Narrated by actor and activist Sean Penn, the film exhumes remarkable archival footage of official distortion and exaggeration from LBJ to George W. [more...]
Date: 2009-09-29 14:26:05
Is there a Paradox of Wikinomics?
(note: you can see the original post here). For the last few weeks I’ve spent a fair bit of time thinking about the Keynesian “Paradox of Thrift“, ... , it has to become debt for someone else in order to earn interest). Thus, we have a problem. So it’s a case ... by now, one of the driving forces of the problems revealed in 2008 was that consumers took [more...]
Date: 2009-01-06 19:47:21
Preparing for the coming year
I was shocked to see a Labor Party politician on the TV news yesterday say that now we've had our retail therapy over Christmas (his words, not mine) we should all go off and book a holiday. I won't be taking his advice, I, instead, thought of how sad it is when people bend and compromise their values for the sake of power. Despite [more...]
Date: 2008-12-30 18:57:00
‘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
The Logic of Keynes in Today's World
Not long ago I was talking to someone who once had been a deficit hawk but the current recession had turned into a full-blooded Keynesian ... out, went deeper and deeper into debt. This indebtedness, in turn, depended on rising home values ... be a problem if most of what we consumed during our big-spending years were bare necessities. But much [more...]
Date: 2008-12-15 21:55:00
The Lines of Chávez # 39 We are Africa… We are South America!
Caracas, Sept 28 ABN. (Hugo Chavez Frias).- This week has had an unquestionable significance for the battle of ideas fought by Venezuela every day, together with the peoples from the South, in the international field. The real and true battle of ideas took place at the 64th UN General Assembly in New York. First, I want to highlight that there was no doubt in New York when condemning the Honduran dictatorial regime. [more...]
Date: 2009-09-29 16:52:50
Uncle Sam
To be fair, illustrating the personal finance page is a difficult and thankless job. Being asked, week after week, to draw a picture of abstract ideas like "the importance of maximizing your 401(k) contribution" -- on deadline -- is not an easy task. There are only so many giant piggy banks, ladders and staircases one can get away with. [more...]
Date: 2009-01-10 00:26:08
Japan ushers in corporate earnings season - drops 4.8%
For the Wall Street apologists who would rather everyone just stops talking about the bad news on Wall Street, please generate some good news ... and of course our old friends in banking are likely to be in trouble again.Fears of steep losses at corporate ... economic slowdown and bolstering less risky assets such as government debt. The euro extended [more...]
Date: 2009-01-13 08:44:00
Hanged Man by Lucius Parhelion
Setting in California in 1935, the book has the atmosphere of a old classic movie in black and white, or, to recall something more recent, of L.A ... to the men who decided to take on the club's propriety and eliminate Ray's boss: in this way, without ... in California, but someone is bent upon to disturb his peace. And Charlie reappears: he is in debt wit [more...]
Date: 2009-01-13 13:43:51
Old modes of production die with the depression…
A few weeks ago I blogged about how I thought land line phones and cable TV would be among the first items to go as people cut budgets ... . Having lost 92% of its value in the last year it may no longer be able to meet its debt servicing requirements. It turns out that buying more newspapers is not the solution for newspaper companies [more...]
Date: 2009-01-14 21:28:03
New Year?s Resolutions for the Credit Crisis
“Finish each day and be done with it,” said Ralph Waldo Emerson. “You have done what you could. Some blunders and absurdities have crept in ... institutions on mergers and acquisitions. The credit crisis exposed a major fault in short-term– ... when they couldn’t get any more credit lines. In November, banks afraid of a repeat performance of those [more...]
Date: 2008-12-31 10:02:00
New Year. Old Pain!
It’s a new year and I am still in the same financial situation as last year. My online income has not increase a bit and is steadily decreasing ... there. The only thing I can say for now is that I really wish I could apply for a debt consolidation ... . I am getting worried actually since I have many bills to pay. I have to clear out four credit [more...]
Date: 2009-01-14 11:03:39
President Bush farewell speech (text)
Fellow citizens: For eight years, it has been my honor to serve as your President. The first decade of this new century has been a period of consequence – a time set apart. Tonight, with a thankful heart, I have asked for a final opportunity to share some thoughts on the journey we have traveled together and the future of our Nation [more...]
Date: 2009-01-16 03:14:37
And Now For Some Questions...
Jen Andersonasks:I'm curious--how do you juggle working and homeschooling? The whole juggling act has gotten easier as Mrs. G's kids have gotten older. Mrs. G. is a part-time teacher, so she has been very lucky in creating a schedule that doesn't require her to be away from home for more than a few hours a day. Each Sunday, Mrs. G [more...]
Date: 2008-12-13 03:25:00
Desperation Has An Ugly Face
It’s Friday desk clearing time for this blogger. “A lot has happened since 2004 — in the housing market and in the lives of everyone associated with Vantage Pointe, the largest residential project ever to be built in downtown San Diego. Jennifer Bishop made a 5 percent deposit on a unit in Vantage Pointe in one of the first phases, she said [more...]
Date: 2008-12-05 19:49:04
Jemma’s Story
I am a 21 yr old female who through depression the last 2 years I have spent all my money on bingo/slots online casinos etc now I cry myself to sleep because I’m so in debt. I can’t accept help which is my problem, I’m maxed out on my credit card and on my overdraft, I even got a loan out just simply because I could and practically blew [more...]
Date: 2009-01-14 11:11:16
Smoothing Out Economic Wrinkles With… Botox
The economy may be in the tank, but some people are still willing to pay hundreds of dollars to look good ... , patients are reluctant to run up credit-card debt on a big ticket item like surgery. In a survey ... ranging from breast augmentation to nose reshaping, according to the Journal. A 41-year-old single [more...]
Date: 2008-12-23 10:49:28
Weekly Economic Potpourri December 7, 2008
Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time ... ."The measures under consideration include direct purchases of assets, such as government debt ... lending settlement deal.Countrywide and its Bank of America parent would be liable to pay hundreds [more...]
Date: 2008-12-07 08:57:00
Chinese farmer invents walking, talking, rickshaw-pulling robot
Chinese farmer Wu Yulu came from an impoverished village outside of Beijing and did not have the chance to attain secondary education, ... his family into debt in the process of experimenting with robots, Wu has been hailed by the media ... around China to exhibit his creations. UPDATE: We have been notified that this might actually be old [more...]
Date: 2009-01-14 00:00:54
It’s not just an era; it’s a new world order
Fred Wilson says what I’ve been thinking: That we’re in more than a financial crisis, we’re in a fundamental restructuring ... to critical mass through vast ownership funded by vast debt but instead, Google-like, by building ... to undergo this radical restructuring. Communications was also early on because it - like media [more...]
Date: 2008-12-26 20:27:31
In All Circumstances
“What’s a dollar menu?” a friend’s son asked us years ago as we went through a drive-through. “It’s what we choose our dinner from,” I answered. “My family doesn’t do discount stores,” a girl told a friend of mine this week. “We don’t shop in such stores, and I won’t go in.” My children are well-educated in dollar menus and discount stores [more...]
Date: 2009-01-08 06:45:46
Senate Finance Committee Votes Down Public Option – Updated
The Senate Finance Committee met today for a vote on a public option for health care. This is the headline at the top of The Wall Street Journal’s home page : Breaking News: The Senate Finance Committee has voted against the creation of a new government-run health insurance plan I’ll update when more information is available. Update: From the New York Times Live Blog : DOWN TO DEFEAT| 2:51 p.m. The Rockefeller amendment is voted down, despite Mr. [more...]
Date: 2009-09-29 19:03:17
The Emergency Fund To The Rescue!
This is a guest post by Paul Williams from Crackerjack Greenback. You can visit his site and follow along his journey as he goes from being laid off to finding his next job. After reading, consider subscribing to Paul’s RSS Feed. A couple of days ago, I was laid off. Am I concerned? Yes. Am I worried? Only slightly. Am I panicking? [more...]
Date: 2008-12-06 12:15:03
Willem Buiter Calls for Less US Stimulus, Expects Collapse in Price of Dollar Assets
I am a big fan of Willem Buiter, even on those rare occasions when he is wrong. He is unusually blunt for a Serious Economist, and is willing to take on orthodox views and institutions frontally. He has, for instance, been quite critical of the Fed. He created a firestorm at its last conference in Jackson Hole when, in a presentation, [more...]
Date: 2009-01-05 05:24:34
Goldman Sachs lowered tax rate from 34% to 1%
It's good to be the king. Now most people with money in the market have lost badly this year, that much is no surprise ... will kindly extend a piddly few thousand dollar tax credit to offset your loss, regardless of how steep ... - but they've managed to drop their corporate tax rate from 34% down to 1% courtesy of enablers in Congress [more...]
Date: 2008-12-20 01:03:00
Daily Links: Christmas Vacation Edition
Thanks to your fellow Get Rich Slowly readers, I’ve amassed enough guest posts to take a short break ... , debt reduction, and smart personal finance. Before I slip into the background, however, here ... . Kris and I are especially worried about the plumbing in our hundred-year-old house. At The Simple [more...]
Date: 2008-12-17 00:00:50
Winners of the Credit Crunch
Dominic Elliott, of Financial News, files this dispatch riffling through the flotsam of the past year to find out who has emerged stronger from (or at least survived) the financial maelstrom. Financial News is a Dow Jones publication and a contributor to Deal Journal. Winners have been thin on the ground in a year when most investors lost money [more...]
Date: 2008-12-17 15:19:01
Winners of the Credit Crunch
Dominic Elliott, of Financial News, files this dispatch riffling through the flotsam of the past year to find out who has emerged stronger from (or at least survived) the financial maelstrom. Financial News is a Dow Jones publication and a contributor to Deal Journal. Winners have been thin on the ground in a year when most investors lost money [more...]
Date: 2008-12-17 18:06:00
Bono thinks he’s Jack Kerouac
I’ve been putting off writing anything about Bono’s inaugural column in The New York Times on Sunday ... , all to fill Kristol’s old space. Yeah, they might want to rethink that. Okay, now to Bono’ ... s Frank Sinatra singing “My Way.” His ode to defiance is four decades old this year and everyone [more...]
Date: 2009-01-13 21:06:56
Track and Lower Expenses to Save Money
According to the National Bureau of Economic Research, America has been suffering through a recession since December 2007. As people go cold turkey on credit and struggle to put their households on a cash basis, the first thing most of us need to do is spend a month finding out exactly where our money is going [more...]
Date: 2008-12-05 16:00:39
Guilty By Association
Many years ago, I used to run my sites out of an office building in an industrial part of Richmond. There were two other tenants in the building. One was an auto repair shop. The other was a drug dealer who used his unit to make illegal ... of association. The commentators asked me how many people I know who never run a Credit Card balance [more...]
Date: 2009-01-04 23:45:11
Should You Walk Away From Your Home?
(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... ) which will be made tougher by the loss of income. There are many debt consolidation and loan ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight [more...]
Date: 2008-12-03 22:29:29
SAME OLD WORTHLESS DEMOCRATS
The Dems, bereft of ideas particularly in relation to the economy and terrorism, want to beat a dead horse ... dismissals of U.S. attorneys. The congressionally appointed commission should have subpoena power ... , frivolous law suits, and a rising national debt that threatens our global Independence certainly provide [more...]
Date: 2009-01-14 01:48:17
2008 Lookback: Huh?
Many a decision, assertion or downright strange occurrence raised the ire of investors this year, and then there were those that couldn’t help but make a person just scratch their heads. This list is not an overview of a rogue’s gallery, just a grouping of happenings that fall somewhere between ridiculous and sublime. 1. Citigroup [more...]
Date: 2008-12-26 12:57:45
The need to offer change AND security
As one of the most tumultuous parliamentary sessions of recent times draws to a close, ... of substantial investment. The public at large instinctively know that we cannot go on as we have with debt ... hold a trump card. Their distinctively interventionist instincts play to an audience which wishes [more...]
Date: 2008-12-15 10:30:20
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
Gates of Vienna News Feed 1/5/2009
Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]
Date: 2009-01-06 04:54:00
Paulson's $6 Billion Foot In The Door Play
The US Treasury continues to throw $billions around like peanut shells. Bloomberg is reporting Treasury to Buy $5 Billion GMAC Stake, Expand GM Loan ... in an e-mail.GMAC joins more than 190 regional banks, commercial lenders, insurers and credit-card issuers ... it has accepted all bonds tendered in a debt swap designed to reduce its debt load.“Once the [more...]
Date: 2008-12-30 05:04:00
The Valuation Blues (aka How FAS157 Is Tortuous)
I'm all for transparency and mark to market. As Roger Ehrenberg has blogged about consistenly, investors need to know what the underlying securities are worth inside banks, brokerage firms, insurance companies, hedge funds, private equity funds, and yes venture capital funds. The FASB (which governs accounting standards in this country) [more...]
Date: 2009-01-15 13:03:55
Wall Street Bonuses: Are Junk Bonds Illegal?
Credit Suisse yesterday announced a bonus plan for 2008 that, depending on whom you ask, is either brilliant, or heartless, or heartlessly brilliant ... loan blows up. Devalued debt is actually an investment opportunity right now–private-equity firms, including that of Nelson Peltz, are investing in distressed debt. Credit Suisse has marked the debt [more...]
Date: 2008-12-19 13:35:00
Expected Family Contribution - The Key Target When Saving For College
One of the great things about not having children is that you can make comments on the way other people raise theirs with basically no comeuppance ... : Government Institution Family (including the student) and there are two main types: Money ... (student and parents) — the EFC (expected family contribution). If the cost of tuition is more than [more...]
Date: 2009-01-06 02:17:35
Buying a house at Christmastime is so fun
Update! On the real house! Which was originally supposed to close today (yeah, a few days before Xmas--great plan), but isn't, obviously.So lessee ... on a VA loan (at a lower rate, since rates have dropped**) from the Navy credit union--Mr. B.'s doing ... costs have risen since we originally had a loan approved on the dead cat house (for $100k more than [more...]
Date: 2008-12-22 20:49:00
Economic Potpourri December 13, 2008
Once again news is flying out of every corner at record speeds. Here are a few headline news reports of interest from the past couple days.Mazama Capital assets fall 75%, but optimism holds steadyIn a year of devastating investment losses, it may comfort amateur stock pickers to know that even the pros are suffering [more...]
Date: 2008-12-13 22:34:00
too true
via Schneirer: Part of the debtor mentality is a constant, frantically suppressed undercurrent of terror. We have one of the highest debt-to-income ratios in the world, and apparently most of us are two ... in Ireland, by Tana French. Funny that this wholly logical analysis is an old zen idea- that true mastery [more...]
Date: 2009-01-15 23:23:59
Screenplay Junkie #6: The 2008 Black List
Adam Volk is a wannabe screenwriter trying desperately to break into the industry and cram his hack drivel down Hollywood’s gaping maw. Each week he examines one aspect from the wonderfully demented world of screenwriting. Two years ago — or so the story goes — a young executive at Leonardo DiCaprio’s production company Appian Way, [more...]
Date: 2008-12-12 14:03:07
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