Significance of Stock Market in the Financial System

by Mary Bush A stock market also known as equity market is a private or public market wherein dealing of business stock and company derived stock at ... the manufacture of good supplies and employment. About the Author: Debt Consolidation News Gold and Platinum Credit Cards [more...]

Date: 2009-01-06 14:59:38

Blog posts (247) | Videos (105)
 

Britain's Brown makes pre-election populist pitch

BRIGHTON, England -- Prime Minister Gordon Brown , seeking to stave off an expected election defeat , pledged Tuesday to restore trust in Britain's tarnished politics, kick start its stuttering economy and slash government debt. Brown sketched out a likely Labour Party manifesto as he announced a blizzard of populist policies which he hopes will boost the organization's flagging ratings before a national election , which must by law be called by June. BRIGHTON, England -- U.K. [more...]

Date: 2009-09-29 19:35:00

50%+ rally in the stock market but situation is getting much worse

We have enjoyed a +50 percent rally in the stock market yet this rally has been unable to create private sector jobs or stem the economic pain for most. Millions have seen their bills skyrocket, credit card interest rates hiked, hour’s cut, wages slashed, and are dealing with an accelerating decline in home prices (FL) and pitiful stock portfolios. In order to get a sustained recovery, consumer spending (70% GDP) will have to rebound sharply, which is not going to happen anytime soon. [more...]

Date: 2009-09-29 12:17:40

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

D. Other Publishers

A number of publications from non-Nolo publishers have a wealth of information beyond what is in this book. The Ultimate Credit Handbook, by Gerri Detweiler (Plume Books), covers everything you’d want to know about credit ratings, credit cards, completing credit applications, protecting your credit privacy and many other topics. Surviving Debt: A Guide for Consumers, by National Consumer Law Center. NCLC is a nonprofit organization that normally publishes books to assist lawyers. [more...]

Date: 2009-09-24 02:03:01

The Battle Continues

The rally may end any day, but it didn’t end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard. Less soft. A few years ago, it looked to us as though the world financial system had gone to war. We cheerfully awaited the victory parade. We figured Mr. Market would whup the feds good and hard. [more...]

Date: 2009-09-29 18:37:13

The Sad Tale of Gansel and Hetel

The plight of Hansel and Gretel is known to many but have you ever heard the sad story of Gansel and Hetel? Two middle class kids “adrift” in the consumerist shopping mall culture take a bath in debt and almost ruin their lives… can they be saved? Bad Health & Bad Luck Gansel and Hetel had it rough growing up with divorced parents.  Their dad didn’t take care of his health and didn’t buy enough life insurance so their mom was left to raise them totally alone after he passed away.  [more...]

Date: 2009-09-29 12:57:44

New US Credit Card Legislation Has Allowed Credit Card Companies Too Much Time!

Amazon.de Widgets President Obama’s credit card legislation, although welcomed during these times of harsh economic woe, unfortunately will probably fall just short of what every American has been screaming out for, a strong leash on the credit card industry. Legislation to regulate the credit card companies from imposing financially sapping interest hikes and reducing credit lines without warning, will shortly be announced, and not a moment too soon as a battle weary American public continually [more...]

Date: 2009-09-29 12:31:20

The Need for Greater Transparency

by State Rep. Jason Murphey (OK-31) I have either been involved in or closely observed some level of government for almost ten years. In that time I have studied a series of local, county and state government entities, as well as an array of government public trusts. I have spent a good deal of time listening to those groups argue about why they needed to continue receiving taxpayer largesse, need more taxes and fees, or want approval for new debt spending. [more...]

Date: 2009-09-28 14:25:34

Public Option Vote Could Pit Democrat Vs. Democrat

WASHINGTON — It'll be Democrat vs. Democrat as lawmakers go back to work on health care Tuesday. The Senate Finance Committee is expected to consider whether the government should offer its own insurance plan for the middle class in competition with private carriers. A public option is the top goal for liberals, but it has no Republican support and moderate Democrats say the Senate will never go along. So Tuesday's debate is expected to pit Democratic liberals against moderates. [more...]

Date: 2009-09-29 13:15:36

Public Option Vote Could Pit Democrat Vs. Democrat

WASHINGTON — It'll be Democrat vs. Democrat as lawmakers go back to work on health care Tuesday. The Senate Finance Committee is expected to consider whether the government should offer its own insurance plan for the middle class in competition with private carriers. A public option is the top goal for liberals, but it has no Republican support and moderate Democrats say the Senate will never go along. So Tuesday's debate is expected to pit Democratic liberals against moderates. [more...]

Date: 2009-09-29 12:31:54

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

Why Health Care Reform Must Fail

Either Obama is right and he can truly cut $500 billion of waste, fraud and abuse out the Medicare budget or Medicare dependent senior must die when $500 billion is cut from muscle and bone because there really wasn’t that much fat. No one has identified exactly where this $500 billion of waste fraud and abuse are.   Rather President Barack Hussein Obama has given an example or two where money might be wasted and estimated or projected the rest of the savings.   What we need to know then is just [more...]

Date: 2009-09-29 13:04:08

Post Properties Offering Stock – Analyst Blog

Post Properties, Inc. ( PPS ), a real estate investment trust (REIT), has recently sold over 4 million common shares at $17.75 each. Although the equity financing provided the much-needed cash to repay some of its outstanding debt, the move could potentially dilute earnings.  Post Properties expects to raise net proceeds of $68 million, after deducting the underwriting discount and other expenses associated with the public offering. [more...]

Date: 2009-09-29 16:16:55

More support for Del. North Aqueduct bid

More support for Del. North Aqueduct bid One of the region’s most powerful union-led construction organizations is throwing its support behind a Delaware North Cos. Benefit show raises $8M for Agassi school in Vegas Officials say a weekend benefit concert raised nearly $8 million to support tennis star Andre Agassi’s public charter school in Las Vegas. People in the news quiz Can you name these eight people who were in the Las Vegas Sun this week? 1. [more...]

Date: 2009-09-29 19:11:57

Bonita Bay Brawl: Are Club Members “Victims” Of Developer Lucas and KeyBank?

By Teri Buhl for BankImplode.com The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s group of lenders, led by KeyBank , who had lent the developer $120 million by securing club property, is aiding in the scheme. [more...]

Date: 2009-09-29 16:03:28

Class action against debt collectors

Surely it would have been possible to line up a lead plaintiff who did not himself turn out to run a competing collection agency Tags: class actions , debtor-creditor law , Minnesota Related posts July 13 roundup (0) Yogurt marketing class action (1) Yet more from the publicity file (0) Yes, I’m being facetious (16) Xbox 360 lawsuit bogus? (0) [more...]

Date: 2009-09-29 04:30:35

Education Management IPO Gets an A+

"Back to School" The IPO market sprang to life last week with 7 deals completed , and the momentum is set to continue this week with another 4 deals slated to price . Similar to last week, the current IPO line-up is well-diversified in terms of size, sector and growth profile, and includes two PE-backed deals, a venture-backed growth enterprise and another newly-formed specialty finance company looking to take advantage of opportunities in the distressed debt marketplace. [more...]

Date: 2009-09-29 15:17:57

Boise, Idaho - Beer Bottle Fight, Officer Injured, Car into Tree; weekend incidents

Beer Bottle Fight, Officer Injured, Car into Tree; weekend incidents——————Arrested: Ashley N. Aguirre, 23, BoiseCharges: Aggravated battery (F)Boise police responded to a report of a fight at a bar on the 100 block of North 8th Street early Sunday morning (September 27th) at approximately 1:20 a.m. Multiple witnesses tell police that the suspect had been involved in a verbal altercation with a woman she knows. At one point, the suspect used a beer bottle to strike the victim in the head. [more...]

Date: 2009-09-29 16:18:24

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

WSN Bungles the UCSC Occupation

The University of California – Santa Cruz student occupation has been another addition to the chaos of California’s budget crisis. On Friday, my colleague Ned wrote a post about the UCSC occupation with the title, “UCSC Students Go All TBNYU On the Administration.” Yesterday, the Washington Square News ran a piece titled, “Occupation at UCSC similar to TBNYU’s,” along with a staff editorial agreeing with the UCSC students’ reasoning while condemning their methods. [more...]

Date: 2009-09-29 14:34:28

FDIC Seeks Prepayment from Banks – Analyst Blog

In order to replenish the declining fund of the Federal Deposit Insurance Corporation (FDIC) that insures regular deposit accounts when banks fail, the agency may ask U.S. banks to prepay fees for three years. Under the plan, banks would have to prepay their insurance premiums of $12 billion a year for 2010-2012, for a total of about $36 billion. The fees could, however, vary somewhat according to growth in total insured deposits. The FDIC board will discuss the issue today at its public meeting. [more...]

Date: 2009-09-29 14:11:26

Kratovil Takes Constituents’ Healthcare Reform Concerns To House Leadership

Leads Freshman Colleagues on Letter to Leadership highlighting the need for inter-State competition, tort reform, and deficit neutrality. Washington, DC – In a letter sent to House Leadership earlier today, Congressman Frank Kratovil and a group of his fellow freshman Members of Congress urged their party’s Congressional leaders to consider adopting a number of proposals raised by their constituents regarding healthcare reform. [more...]

Date: 2009-09-29 12:55:00

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

Barack Obama Vows Future Budget Restraint

To a public wary of government spending, President-elect Barack Obama is offering a salve with his massive economic stimulus package: ... to embrace deficit-reduction goals even as he promotes a spending and tax-cutting plan — expected to cost ... debt that we have," said Rep. Dennis Moore of Kansas, a member of the congressional Blue Dogs [more...]

Date: 2009-01-07 11:35:48

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

No more blank check bailouts

By Kathy G. Sorry for the lack of posting, but I have been working on a couple posts (which hopefully I'll put up tomorrow) ... additional bailout money: Give priority – directly if possible – to help people keep their homes ... losing their jobs, health care, pensions, and homes . . . we need a raise in social security, less debt [more...]

Date: 2009-01-15 04:49:51

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

NEW Continental Congress for “The People” to Restore Individual Freedom, Protect Property and Earnings

Please be so kind as to disseminate this information down through your organizations, associates and colleagues, if you haven’t already done so.  I believe this NEW Continental Congress is the best way to retrieve and restore our individual God given Constitutional rights, powers and authorities, which have been usurped by both parties and all three branches of the U.S. [more...]

Date: 2009-09-29 16:52:37

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

Government Public Records Search - Why Your Personal Information May Not Be Safe

So how private is your private information? Did you know that your records can be made available government public records to just about anyone with ... lawsuits, employment and unemployment. Your bankruptcy filing, which also contains credit card ... to serve the interests of those seeking information on you such as financial institutions, debt collect [more...]

Date: 2008-12-12 17:38:18

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

Economic Freedom, Universal Health Care, and Labor Unions

The Heritage Foundation has a new report out touting the fifteenth annual edition of its joint project with The Wall Street Journal called the ... voice for labor would help ensure that the gains of economic growth are shared broadly rather than leaving us stuck in the Bushonomics trap of debt-financed middle class consumption growth. And I would [more...]

Date: 2009-01-14 16:01:43

Secondary Sources: More Than Stimulus, Fed Balance Sheet

A roundup of economic news from around the Web. More Than Stimulus: Martin Wolf of the Financial Times writes that stimulus alone won’t save the U.S ... . The U.S. cannot afford years of painful debt reduction in the private sector — a process that has still ... more fiscal recapitalization or debt-for-equity swaps. It also means the mass bankruptcy of [more...]

Date: 2009-01-14 17:00:00

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

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

Hayden says decision to retire not an easy one

Former Australian opener Mathew Hayden has said that his decision to retire from all forms of the game was not an easy one to take.[ ... now to explore my other passions,” he said. Hayden’’s retirement brought all his old mates together again ... of them. He feels a debt to each one of them because his magnificent career was never a one-man [more...]

Date: 2009-01-14 08:18:47

Goldman Sachs Tax Rate Drops To 1%

Very, very bad public relations. And I thought it was bad PR when the auto company CEOs flew to Congress in private jets to ask for a bailout ... billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes ... is cause for concern. “This problem is larger than Goldman Sachs,” Doggett said. “With the right [more...]

Date: 2008-12-17 22:22:54

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

Hawking Public Assets

Yesterday, members of the Chicago City Council made a snap decision to lease off the city’s 36,000 parking meters in exchange for $1 ... of the city, it’s a good thing,” Pagano said. That means paying down debt and getting other long-term ... , that’s a problem, he tells us. The Reader’s Mick Dumke breaks down how the latest privatization [more...]

Date: 2008-12-05 18:05:50

No More Investment Banks - Turn Them Into Public Utilities By Mike Whitney

Dandelion Salad By Mike Whitney October 18, 2008 “Information Clearinghouse“ “If you made it past the credit crisis, ... they couldn’t roll over their short term debt. Cargo ships were stuck in ports around the world because buyers couldn’t get Letters of Credit. As analyst John Mauldin said, “Just as the business [more...]

Date: 2008-10-20 00:38:25

Undermining a New Effort to Promote Public Service

Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]

Date: 2008-07-23 18:43:00

Farewell Address: President George W. Bush

THE PRESIDENT: 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 that we have traveled together, [more...]

Date: 2009-01-16 03:50:14

Bush Fiscal Promises vs Bush Fiscal Legacy

I’ve been looking back to the Bush Administration’s first budget (for fiscal year 2002) and sighing (heavily) ... time. It achieves the maximum amount of debt reduction possible without payment of wasteful premiums ... is compassionate… This new approach is also responsible: It will retire nearly $1 trillion in debt over [more...]

Date: 2009-01-15 20:25:01

Biggest meltdown winner: be very wary

Canada’s pre-eminent market oracle, Prem Watsa, has been cautiously buying stocks and bonds since late November even though he doesn’t believe the bottom has been reached.The crux of the problem“De-leveraging” is hoarding, paying down debt, postponing expenditures by banks, individuals and companies which is contributing to the recession [more...]

Date: 2009-01-16 01:27:00

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

Higher Education is Way Too Expensive

Nirmal’s piece last week on University lectures in the public domain got me thinking ... just the university’s students. This is absolutely correct, but he didn’t get into just how big of a problem ... to the exorbitant costs, those who do are often buried in debt. For example, in my home state of Ohio 67 [more...]

Date: 2008-12-12 22:22:45

The German stimulus package is more inspired by us than by Labour

Controversy raged last month over whether the German government was following the same economic approach as Gordon Brown or not ... "crass Keynesianism" and that on Brown's VAT cut, "all this will do is raise Britain’s debt to a level ... incentive on scrapping old cars in favour of newer, more environmentally-friendly models [more...]

Date: 2009-01-15 12:45:24

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

When newspapers are gone, what will you miss?

Years and years after some pundits began predicting the end of newspapers, the newspapers themselves are finally realizing that it's over. Huge debt, high costs, declining subscription rates, plummeting ad base ... away. The full page ads for local department stores? The free standing inserts on Sunday [more...]

Date: 2009-01-14 13:51:04

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