To embargo or not to embargo

Full disclosure. I like Cuban cigars and on occasion risk possible prosecution by ordering a few of them on the Internet ... stopped payment on all its foreign commercial and bilateral debt with non-socialist countries in 1986." disclosed U.S. International Trade Commission Report in 2001. "Debt talks between Cuba [more...]

Date: 2009-01-14 18:00:10

Blog posts (142) | Videos (27)
 

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

WTF Money

Warning: Taking a page from the book of Paul, this is a long rambling post that doesn’t have any real point aside from me writing down some thoughts in my head at the moment. You’ve been warned. So California can’t afford to pay tax refunds ... the proper amount of tax. Why do we have income tax again? Oh right, to pay for wars. I wonder what wars [more...]

Date: 2009-01-15 19:00:55

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

Russo-Ukraine Tit For Tat

by anderson The swath of post Russo-Georgian conflict friction continued its widening course recently when Gazprom and Ukraine's Naftogaz ... of the year.  Indeed, the stalemate of such an agreement likely stemmed from Ukraine's failure to pay ... that "The debt should be paid to the last ruble if they do not want the economy to suffer from Russian [more...]

Date: 2008-12-28 21:04:04

DrumBeat: December 28, 2008

With gas falling, trucks come back NEW YORK (CNNMoney.com) -- After nearly a year of flagging sales, low gas prices and fat incentives are reigniting America's taste for big vehicles. Trucks and SUVs will outsell cars in December, according to researchers at the automotive Website Edmunds.com, something that hasn't happened since February [more...]

Date: 2008-12-28 14:31:34

What Can I Do? I’m Treated Like A Financial Leper Because My Credit Is Bad

Amazon.de Widgets If you feel like you’ve been well and truly left out to dry by the financial institutions, you have every right. The current economic meltdown is the reason, and because of our excessiv spending of the last 5 years we’re not totally blameless, but we’re certainly not to blame for the financial mess that the US and the rest of the world is facing right now either. [more...]

Date: 2009-09-28 12:04:42

Expat Living - The Credit Crunch In Spain

Ten years after it was launched, the euro is propelling Spain towards disaster. In giving up control of domestic interest rates to the European Central Bank, handed over a vital instrument of macroeconomic management. If you read the Jeff Randall article in the Telegraph recently you would think that the end is nigh, [more...]

Date: 2009-01-14 17:40:39

Re-coupled Vengence: From Downturn to Implosion Risks ?

We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]

Date: 2009-01-15 21:20:15

Seven Huge Financial Mistakes I Made During My College Career

Over the last few weeks, I have been reflecting on how many members of my rather close extended family are either near high school graduation or are in college right now. They have so many great opportunities ahead of them in the next few years - and so many chances to botch things, too [more...]

Date: 2009-01-04 14:00:00

? Subprime Mortgage Foreclosures: The Importance of Reading the Fine Print

by Michael Geoffrey If you don’t have good credit, you can still own your own home. This is the offer that many people noticed a few years ago ... served foreclosure paperwork, threatening eviction if they were not able to pay off their mortgages ... . These people rushed to get their own homes and signed up quickly for their low interest rate [more...]

Date: 2009-01-14 20:15:08

Hamilton’s Counterfeit Capitalism

Daily Article by George F. Smith | As we await Bush’s replacement to straighten our wayward lives, it’s crucial to understand how we got here and why policy makers are so determined to do the wrong thing. Austrian economics explains why their policies are flawed, but no one with a voice seems to care [more...]

Date: 2009-01-15 21:36:00

Battle of the Titans

For those of you that prepare yourselves, the OPPORTUNITIES will be abundant and limitless; for those that don't it could be a very difficult period ... as they BELIEVE they have the ability to print money and create credit out of thin air endlessly. In reality ... to print wealth through monetary and asset inflation for decades. The first law the G7 is [more...]

Date: 2009-01-15 00:00:37

Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин

Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]

Date: 2009-01-01 07:59:00

Wednesday wrap

Reid, Pelosi Would Force Unions Down Workers' Throats ... A quick look at the case of the United Auto Workers union is all that is necessary to see the damage that has been done to American industry through greedy union hegemony. As they threatened Congress with the collapse of an industry, they refused to part with their own money-losing, [more...]

Date: 2009-01-14 11:30:00

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed

How to Easily Pay Off Your Debts, No Matter How Many Times You’ve Failed by Sean PayneMany people who are in debt have tried at least once, and probably several times, to pay off their debts. Sadly, a significant number of these people end up getting even further into debt than they were when they started.What’s the reason for these people accumulating even more debt? The answer lies in the methods that they use to get out of debt. [more...]

Date: 2009-09-28 13:14:57

Forecast for 2009

Introduction       There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) is that our problems of finance and economy will self-correct and allow the project of a "consumer" economy to resume in "growth" mode [more...]

Date: 2008-12-29 03:33:57

Financial Forecast for 2009, Considering Resource Limitations

In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]

Date: 2009-01-06 15:10:32

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

Gates of Vienna News Feed 1/6/2009

Tuan Jim sends an string of important news articles about the gas pipeline crisis caused by the deadlock between Russia and Ukraine. He notes that the affected countries are dusting off alternative sources of energy — fuel oil and nuclear reactors — for electricity generation.Thanks to AA, Abu Elvis, C [more...]

Date: 2009-01-07 04:50:00

Notes from Today’s Economic Recovery Conference

Image via Wikipedia I spent today in Dublin at a conference organised by the UCD economics department and the ... s rant was so powerful, hair pieces fell off at the back of the room. The strength of his rant could ... , sustainability of pubic debt. Irish case is open to different views, need a consensus. [more...]

Date: 2009-01-12 20:38:41

by Dr. Ellen Hodgson Brown featured writerDandelion SaladEllen’s post Jan 3, 2009webofdebt.com Cartoon in the New Yorker: A gun-toting man with large dark glasses, large hat pulled down, stands in front of a bank teller, who is reading a demand note. It says, “Give me all the money in my account [more...]

Date: 2009-01-03 17:24:55

A-Z Funny Bumper Sticker Quotes

0-60 in 15 minutes! 100% Irony Free 100,000 Sperm And You Were The Fastest? 186,000 Miles/Second: It’s Not Just A Good Idea, It’s The Law! ... to pay for maturity Air Pollution Is A Mist-Demeaner Alcohol and calculus don’t mix. Never drink ... pay for not getting it done. All Men Are Animals, Some Just Make Better Pets All Men Are Idiots… [more...]

Date: 2009-01-14 09:11:08

Retirement Investing During Deflation

 If a recession becomes severe, dollars may suffer from deflation rather than inflation ... by reducing payments or restructuring.   As deflation sets in you’re paying off debt ... in value (real estate, stocks, etc).   Most retirees have no job to lose. They’re living off Social [more...]

Date: 2009-01-14 17:25:11

Personal Loans for Bad Credit – Bank Account Loans to Help You

Personal loans for bad credit have gained greatly in popularity during the recession.  Getting bank account loans to help you with money issues might be just what it takes to get you through this troubling time.  Even if you have to endure a high interest rate it might still be worth it to get some of those bills paid and get creditors off your back. [more...]

Date: 2009-09-28 22:03:56

Sick… and other thoughts

As I was sitting on the couch Tuesday evening my legs hurt and I wasn’t sure why ...   The lack of energy lasted most of the day, as did the muscle soreness, but I was really caught off guard at how quickly things came on.  All I can say is thank god for Zicam! Steve Jobs When the news [more...]

Date: 2009-01-15 15:53:20

Reflecting On Goals For 2008 and Moving On To 2009

Last year, all the goals I set were based on debt elimination and how much per month we could pay to debt ... s student loan under $5500 (snowball calculator says $5847) I more than met both these goals ... in October, and then paid off our remaining car loan in November.  The only non-mortgage debt we have left [more...]

Date: 2009-01-02 14:25:07

Fixing the Unemployment Outlook

by The Mogambo Guru Mish Shedlock at globaleconomicanalysis.blogspot.com has looked at the latest Z1 Flow of Funds report, and found that "$7 ... " that he figures will appear in 2009. He says, "I doubt Obama can do that quickly, if indeed at all." Suddenly, I see my chance to get the spotlight off of Mr. Shedlock, who deserves it, and onto me, who [more...]

Date: 2009-01-02 20:04:08

The Prince Unconstrained: A Response to Michael Taft

Here’s a piece I wrote in the Irish Left Review responding to Michael Taft’s article in the ILR a few weeks ago. Full text is below, but check out the discussion on the site itself also. The late, great monetary economist Hyman Minsky (1986:110), quoting Nobellist James Tobin, once wrote of economics theory that: [more...]

Date: 2009-01-12 20:38:55

Equity Line of Credit:Is this the Answer to Your Financial Needs?

by Doc Schmyz We all know by now that home owners have a hidden savings account…its called HOME EQUITY ... Line of Credit? With a typical loan, which deposits a set amount of money in your account and begins ... asking for a new loan when you have paid it back. What can the HELOC be used on?? We can all find [more...]

Date: 2009-01-05 19:12:07

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

Contest and Sale: Dining on a Dime print book from Living on a Dime

Tawra Kellam and Jill Cooper of Living on a Dime are amongst the most renowned frugal-living experts on the internet today.  Their books, both in print and e-book have enabled mothers nation-wide to pay down their debts and save money on groceries, children’s items, gifts, home decorations, beauty products and many other household needs [more...]

Date: 2009-01-01 23:16:36

Nukes, War & Markets

David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in Economics from The Wharton School of the University of Pennsylvania, an M.S. in Organizational Dynamics from The School of Arts and Sciences at the University of Pennsylvania, and a Masters in Philosophy from the University of Pennsylvania. Mr. [more...]

Date: 2009-09-27 18:30:24

Posts about Tri-State Real Estate (FL, GA and AL) as of January 14, 2009

Best Times to Buy - martinezglobal.typepad.com 01/14/2009 A Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs … widely from region to region in recent years. While the Florida market has seen meteoric rises in home values, [more...]

Date: 2009-01-14 14:24:36

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

Credit Card Companies Are Closing Unused Accounts

Several GRS readers have written lately with the same credit card problem — but not the one you’d expect. Perhaps in an effort to cut costs, credit card companies are beginning to close their customers’ ... on to the accounts since they help my credit history. I just got some bad news about my oldest credit [more...]

Date: 2009-01-06 19:00:00

Credit Card Issuer Closed My Account

I received a letter from my credit card issuer the other day that indicated they were closing my account due to inactivity. It didn’t bother me really, because this is a credit card that I had paid off and never used ... , and after running up a couple hundred dollars you paid it off and it sat in your sock drawer [more...]

Date: 2009-01-08 01:39:06

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

Republican 2012 Presidential contenders with their hands out

We have heard a lot about the next set of Republican Presidential contenders in 2012. Mostly governors are getting the nod and the support right now ... about:Sarah Palin- Governor of Alaska- Governor Palin is getting her head ripped off by the new US state ... the national debt and the future economic health of the country." Palin is standing her ground [more...]

Date: 2009-01-12 18:19:00

Fed Watch: Short Takes for January 11, 2009

Tim Duy: Short Takes for January 11, 2009, by Tim Duy: I am running low on time these first few weeks of the term. Bits and pieces of things I am worried about: On the employment situation report: Mark catalogued links to a host of insightful commentary that pours over the details of this decidedly negative report [more...]

Date: 2009-01-12 08:15:24

Bears Next Target: Bubble in Treasury Bonds

There's a bubble in US Treasury bonds. Here's the explanation: 1 ... is carrying more debt while taxes are declining and government spending is increasing, thus signaling even more debt and greater difficulty in repaying it. 3. Consistent with Austrian business cycle theory [more...]

Date: 2009-01-15 17:09:11

Start Improving Your Credit Score Today

If you want to borrow money from a lender, you’ll quickly learn how important your credit score is ... , payment history, and the types of credit you currently have. So let’s take a look at the various factors in more depth, and what percentage of your credit score they will generally represent. Payment [more...]

Date: 2009-01-16 00:46:34

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

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

PPC - Search Engine Internet Marketing

PPC - Search Engine Internet Marketing Posted by Dark Spider at January 15, ... into this world or else you may find yourself in some serious debt. Some of the things you need to learn ... at all, however, it does take tons of hard-work and patience before you see any results come off [more...]

Date: 2009-01-15 18:07:32

Tips to Get Yourself out of Credit Card Debt

1. Consolidate debt. If you love credit cards and have more than one fix the one with the smallest interest one and get rid of all the rest ... rate. Choose the zero per cent credit cards. Be careful tand close down all cards with have debt ... the credit card. Going beyond the due date will bring late payment fees as much as $35. Visit Credit [more...]

Date: 2009-01-15 04:21:23

Money Merge Account Analysis Pt 18

One thing I continue to run into are the post of people who claim to use the Money Merge Account, ... my credit card first! Why? When I pay my car off first, that’s another $387 that goes to other debt every month, vs. only about $60 from my credit card being paid off. My mortgage with 26 years left [more...]

Date: 2009-01-15 13:02:52

Refuel Economy with Cash for Old Cars

http://www.brookings.edu ...Offering cash vouchers to clunker owners in exchange for their old, ... off the road. Local variants of the cash for clunkers program are already operating in such states ... money quickly to spend on cars. Each stimulus dollar would also have high bang-for-the-buck because [more...]

Date: 2009-01-13 02:50:14

Effective Immediately - No Refi’s For Borrowers with Modified Loans

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... , resulting in either absolute forgiveness of debt or restructuring the debt through either ... of the original mortgage debt to a “soft” subordinate mortgage; or Conversion of any portion [more...]

Date: 2009-01-12 17:52:15

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