Makers of Crap Sandwich Now Pitching It With 10-Percent More Corn
The big three automakers are back in Washington, trying to convince Congress to give them your hard-earned money so they can keep afloat businesses ... under the weight of an economic meltdown, the worst auto sales in decades and a tight credit market ... refinance their companies' debt, cut executive pay, seek concessions from workers and find other [more...]
Date: 2008-12-02 12:57:12
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Weekly Economic Potpourri November 29, 2008
Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time. Here are a few headline news reports of interest from the past week.Japan’s Factory Output Falls as Turmoil Hurts ExportsJapanese manufacturers reduced production in October and plan further cutbacks as a worsening global financial crisis weakens [more...]
Date: 2008-11-29 18:46:00
Media & Politics (one section only today)
Permanent link to MTA daily media newsSorry to have abandoned you for the last week. I needed to take some time off. Sometimes I get so discouraged that I just can’t make myself do the day’s research. I’ve spent almost eight and a half years tirelessly promoting the work of others, with almost no return. It’s just too much to handle sometimes [more...]
Date: 2009-02-20 16:47:10
Fact Check: Obama’s Words on Home Aid Ring Hollow
Obama glossed over a number of complex realities in delivering his speech to Congress and a nation hungry for economic salvation ... over what country invented the car. A look at some of his assertions: OBAMA: “We have launched ... their monthly payments and refinance their mortgages. It’s a plan that won’t help speculators or that neighbor [more...]
Date: 2009-02-25 16:15:42
Because Looking Is Free and the Recession Is a Drag
I hate shopping, which is good because it helps keep me from spending. I love, however, looking. I especially love looking online, where there are no mirrors or salespeople or other customers or distracting sale racks. When I shop, it is almost exclusively online and it is Strategic. But Lindsey is so, so much better at it than I am. See! [more...]
Date: 2009-02-25 23:22:05
Checks and Balances
Four people close to me were laid off from three different companies on the same Wednesday in January and selfishly, I really, really wish it hadn’t happened because some of those people were also co-workers and I miss them every day and the survivor’s guilt coupled with the lonely absence that is now the desk adjacent to me are a bad combination [more...]
Date: 2009-02-23 23:56:43
" Big Government Saves"
Tue Feb 24, 10:39 PM ET President Barack Obama gestures during his address to a joint session of Congress in the House Chamber of the Capitol in ... the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't ... bad judgment, it hasn't announced it. Defending the program Tuesday at a Senate hearing [more...]
Date: 2009-02-25 03:00:00
Backend of the Bailout.
As hundreds of billions of dollars flow from Washington to jump-start the nation’s staggering banks, automakers and other industries, ... programs that make up the largest economic rescue in history. — "Ex-Leaders of Countrywide Profit From Bad Loans," NYT Here's the deal. The federal government hoped to attract investors willing [more...]
Date: 2009-03-05 14:01:27
F|R Crib Sheet: 7 More Sites to Cut Your Startup Costs
Last month we offered bootstrapping founders a short index of cost-optimization sites to help cut expenses for things like health insurance, web hosting, wireless plans and electric bills. Many of you wrote in to offer your own recommendations, so this week we’re expanding the list with seven additional resources to help you cut costs [more...]
Date: 2008-08-09 16:00:56
Details of Obama plan released, with my comments
The earlier post I put up was based on media reports. Now, the Obama administration has officially released its plan to reduce foreclosures. The details can be found here ( PDF link). Let's get into the major components ... The centerpiece of the program is designed to encourage loan modifications through government subsidies and payments [more...]
Date: 2009-02-18 14:04:00
A Storm That Almost Nobody Can Fix
The Baltimore Sun reports from Maryland. “It’s not an easy time for sellers with homes aimed at the move-up crowd. Lois Hanson, who’s asking $539,000 for her Monkton rancher, said the house has been on the market since September with no offers. Two couples were very interested - each returned three times after an open house [more...]
Date: 2009-03-02 18:11:58
Sirius XM Extends Losses; Stock Now Under A Buck
Sirius XM (SIRI) shares are down sharply again this morning, one day after the company provided updated guidance that disappointed the Street ... - including debt issues and the weak auto and consumer markets - could continue to weight ... if SIRI can’t refinance its debt nor sell the company - a scenario that we believe is plausible [more...]
Date: 2008-09-10 15:00:31
Economic Potpourri December 14, 2008
The barrage of noteworthy economic news continues unabated. Here are a few headline news reports of interest from the past couple days ... , the amount of interest paid in the last two months fell by $10 billion, according to the Treasury ... market in the world and still has a low risk.”The U.S. will eventually have to commit to balanced [more...]
Date: 2008-12-15 02:30:00
SMX East: Give It Up
SMX East: Give It Up Give It Up: White Hat Edition - This session has SEOs sharing favorite, little-known and powerful techniques that wont get you banned in search engines from trying. Moderator: Danny Sullivan, Editor-in-Chief, Search Engine Land Speakers: Michael Gray, President, Atlas Web Service Kimberly Krause Berg, [more...]
Date: 2008-11-07 17:00:00
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 ... from ordinary citizens support the businesses and governments that have loans higher up on the "tower [more...]
Date: 2009-01-06 15:10:32
Better In The Long Run
It’s Friday desk clearing time for this blogger. “From the front porch of her shotgun home in the Portland neighborhood, ... loan officer who lives in Old Louisville, according to state licensing records, lost the most homes ... , Crandall is not alone among struggling investors. James Heleringer, a mortgage loan officer who lost 10 [more...]
Date: 2009-03-06 19:30:59
a confession
As you can probably tell, I'm having a hard time getting my head into blogging these days ... that fleet of new federal vehicles soon (auto glass), and some kind of construction starts involving ... mean that J. and I would have no choice but to refinance to a 30 year mortgage (we're now on a 15 [more...]
Date: 2009-02-26 17:16:00
Paulson Translated
After listening to and reading the text from Paulson’s speech this morning, I had to sit down and translate it because there was so much he wasn’t saying and so much that he was saying that was just not “right.” I hope that you’ll do two things: Take the time to read the entire thing. Make your opinions known - tell me if you think I’m all wet [more...]
Date: 2008-11-13 04:08:18
Bad Credit Automobile Financing
Many people have utilized the World Wide Web in recent years and have found that they are able to obtain new and used car financing for far better ... for credit issues, they can always apply for online low interest rate car loans as the internet auto loan ... after a long day, looking for the best car loan isn't exactly at the top of their list. [more...]
Date: 2009-02-26 04:47:09
President Obama’s (N)SOTU
Last night, Pres. Obama gave his (non) State of the Union addresses before a joint session of Congress. Below is video and text. Watch CBS Videos Online TRANSCRIPT (after the jump) : Madam Speaker, Mr. Vice President, members of Congress, the First Lady of the United States — (applause) — she’s around here somewhere [more...]
Date: 2009-02-25 15:53:26
Bid Day in Bailout Land
Bid Day in Bailout Land Posted by: Ben Levisohn on November 25 Despite spending over $300 billion of the $700 billion allotted by Congress, ... , and auto loans of the highest rated borrowers. If all goes as planned, banks will start lending again ... up credit markets and the first government guaranteed bond hitting the market. blogmoney.jpg Let's [more...]
Date: 2008-11-25 23:22:00
Fast Cash
Are you in a financial bind? Will your next paycheck come on time to meet your bills’ deadlines? ... such as Debt Settlement, Mortgage/Refinance, Auto loans, Credit Repair, and Debt Consolidation. *NOTE ... Will it be enough to cover all the payments you need to make? If not, fast cash payday loans may [more...]
Date: 2009-02-24 15:57:11
Retweets February 2009
Here I am reblogging some retweets for the past month that broken down by subject matter. Some of these tweets also cover events that occurred in January 2009. If you like to follow along, befriend me and I’ll be sure to follow back. News Israel says that UN sponsored cease fire is not practical, [more...]
Date: 2009-03-02 15:54:33
How To Refinance You Bad Credit Car Loan
by Herman Smeltzer Have you ever wondered if it was possible to refinance a poorly made auto purchase? ... you can. The basic premise is this. At one time you only qualified for a bad credit car loan, with a very high ... to find a loan at a lower rate. This is an opportunity to lower those huge monthly payments for good [more...]
Date: 2009-03-06 10:21:37
Unions 1, Auto Execs 0
Update: More on Bloom here. Yeah, he's business friendly. Big Business and Big Labor ... Detroit needs. There are two sides to the elitist coin. Obama is moving away from an "Auto Czar ... to Treasury on the auto crisis. Gee, I wonder who's going to have the most powerful seat at the table [more...]
Date: 2009-02-16 05:32:41
Acronyms to watch for: Roubini supports Hillary's HOLC, not RTC/RFC solutions to financial crisis
Here’s a litmus test for whatever Congress comes up with as they huddle with the finance boiz over the weekend: HOLC good, RTC/RFC bad. I may not understand this class warfare finance stuff, but I can sure quote people ... , credit cards, auto loans and student loans) while their assets (values of their homes and stocks [more...]
Date: 2008-09-20 19:22:53
Refinancing Our Car Loan Worked for Us
car loan refinancing With the way the economy is today, everyone seems to be looking for a way to cut their monthly expenses ... his loan at an 18% interest rate. While there was no application fee, and the closing costs were ... . Besides a home mortgage, or rent, a car payment is probably the single biggest expense [more...]
Date: 2009-03-05 21:45:45
High Paying keywords $16 part 3
Here is the best Adsense high paying keywords for $16 and up next week we will give you more higher keyword do not forget to check out RSS for more ... 16.68 florida injury lawyer 16.68 defaulted student loan 16.68 associate card credit 16.68 bad ... car rental 16.63 online paralegal degree 16.62 no fee refinance 16.61 air miles credit card 16.6 [more...]
Date: 2009-03-08 05:28:41
Optimism - the heart of happiness and positive psychology
For those who’re familiar with my writings and work it won’t come as a surprise to read me touching, yet again, on the important topic of optimism ... payday game instant payday loans quick payday loan borrow money online with quick guaranteed ... fax free payday loan starting payday loan company payday loans guaranteed no fax montana [more...]
Date: 2009-03-02 21:53:22
Lessons for the Recession
Recessions, in large part, are a result of waning consumer confidence ... masked if consumers dipped into savings, ran up credit cards balances and took out new loans to spur ... . So at first glance it makes sense to look past the bad news and get people’s glasses [more...]
Date: 2009-03-05 15:14:07
Cracks Are Showing
Interesting. The rookie again throws a pick in crunch time. All Obama needed to do was keep handing off to the press and let them grind out the clock for him. But, oh no, not Mr. Wonderful. He has to put it up in the closing minutes. Sorry for another sports analogy [more...]
Date: 2009-02-25 23:27:00
FACT CHECK: Obama’s words on home aid ring hollow
FACT CHECK: Obama’s words on home aid ring hollow Feb 25, 3:15 AM (ET) ... lovers and auto buffs over what country invented the car. A look at some of his assertions ... of foreclosure lower their monthly payments and refinance their mortgages. It’s a plan that won’t help [more...]
Date: 2009-02-25 15:17:20
President Obama Goes to Capitol Hill
President Barack Obama opened his first speech to a joint session of Congress on Tuesday by telling the nation we will rebuild, we will recover, and the United States of America will emerge stronger than before. From there he launched into a litany of initiatives that will get us from here to there [more...]
Date: 2009-02-25 05:14:00
In defence of positive psycholgy and Seligman
Over the last few weeks, as a result of a Senate Committee hearing, Martin Seligman and the Positive Psychology training program offered to teachers and other employees of the Department of Education and Training, has received much flak! Thankfully, someone has finally come out and defended the offering of “happiness”, [more...]
Date: 2009-03-04 22:21:25
Seeking Bootcut Jeans in Dark Rinse, Must Love Dogs
For our second date D. invited me over to his apartment for dinner and after eating outside in his backyard we watched a movie and after we watched a movie I walked home, and as I walked home my dainty little silver sandals caught a jagged spot of sidewalk somewhere around 76th Street and I fell, [more...]
Date: 2009-03-03 01:49:28
Headlines: 17,000 US Troops to Afghanistan; Auto Companies Request Additional $21.6 Billion in Federal Aid
Headlines: 17,000 US Troops to Afghanistan; Auto Companies Request Additional $21.6 Billion in Federal Aid 18 Feb 2009 democracy now logo ... reportedly grants bankruptcy judges greater leeway to change mortgages and lets homeowners refinance ... Americans to work doing the work that America needs done, in critical areas." Auto Giants Request [more...]
Date: 2009-02-18 16:07:34
Obama's speech before Joint Session of Congress. Feb. 24, 2009. Text as delivered.
THE WHITE HOUSE Office of the Press Secretary _____________________________________________________________________________________________ For Immediate Release February 24, 2009 ADDRESS BY THE PRESIDENT TO THE JOINT SESSION OF CONGRESS United States Capitol 9:16 P.M. EST THE PRESIDENT: Madam Speaker, Mr [more...]
Date: 2009-02-24 23:14:57
Gold, Silver and the Great UnwindOne person accused me of "Yellow Journalism" over the first post, and numerous other people have written or commented that I have my eyes shut if I do not see manipulation. Of course I see manipulation. Manipulation is all over the place. And I have commented on manipulations every week for months on end [more...]
Date: 2008-08-16 16:12:12
Cramer on BloggingStocks: Nationalizing banks is mission impossible
From TheStreet.com Network Bank Fix Lacks Consensus Interactive Bank Failure Map TheStreet ... , forget about all of the bad loans, both residential and commercial, forget ... in binding unfunded loan commitments $80 billion in letters of credit $1 trillion "matched" book [more...]
Date: 2009-02-24 15:10:00
Fixing The Real Problem
Nouriel Roubini says we need to save the homeowners: ... . I have also argued that, in order to resolve this financial crisis it is not enough to take the bad ... capital to avoid an ugly credit crunch and to foster new credit creation that is needed for future growth [more...]
Date: 2008-09-25 14:57:31
"Missing the Target With $700 Billion"
Alan Blinder isn't happy with Treasury Secretary Paulson's use of TARP money: Missing the Target With $700 Billion, by Alan S ... and refinance home mortgages, the other to buy what came to be called “troubled assets.” The legislation ... government refinance the underlying mortgages. Mr. Paulson says he changed his mind about buying [more...]
Date: 2008-12-21 01:53:04
Obama’s Address to Congress is Old News?
I noticed something about President Obama’s speech last night. It somehow…seemed familiar. See if you notice it too. -Scott —– Remarks of President Barack Obama – As Prepared for Delivery Address to Joint Session of Congress Tuesday, February 24th, 2009 Madame Speaker, Mr [more...]
Date: 2009-02-25 15:27:21
Fact Checking The President's Speech
Last night, the President gave his first major address to the country and Congress ... facing the threat of foreclosure lower their monthly payments and refinance their mortgages ... Duryea tested what library researchers called the first successful gas-powered car in 1893. Oh come [more...]
Date: 2009-02-26 03:53:10
Will Obama’s Housing Rescue Plan Work?
Obama is making an effort to rekindle the housing market, and here is a good article outlining his propose plan ... will have the ability to restructure the loan by reducing the interest rate and possibly the principal amount. They will try to reduce your loan payment to 31% of your household income. Obama says [more...]
Date: 2009-03-05 03:14:39
It’s hard to find happiness when the research is sometimes confusing!
It’s hard enough to find happiness without being told different things by different people ... And then find out why money doesn’t always bring happiness - click here payday loans cheap long term payday loans cash loans till payday service no fax payday loans asp direct lender payday loans [more...]
Date: 2009-02-25 22:06:58
Economist's View - 4 new articles
Obama's Housing Plan I'm between classes, so here's a few quick takes from here and there on the housing proposal: ... to refinance at current, low mortgage rates. Borrowers whose mortgages are owned or guaranteed by Fannie [more...]
Date: 2009-02-19 06:49:00
Details of $75B Loan Modifications and Refinances Released
CNNMoney reports on the details of the real estate stimulus ... , homeowners who haven't missed a payment can refinance into lower-cost loans even if they have little ... information at www.hud.gov. To qualify for loan modification: have obtained their mortgage before Jan [more...]
Date: 2009-03-04 21:26:50
Day of Ya Reckoning
The Oborg thinks Hope and Change will doubtless assimilate the unFaithful : ".. ... . You see...You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education, how stores [more...]
Date: 2009-02-25 17:21:00
Ctrl BG: A Shortcut to Financial News 11/15
This week was actually quite eventful.It started off with China announcing a $600 billion fiscal stimulus plan effective from now until 2010, ... , they joint the ranks of Bank of America and JP Morgan to refinance mortgages to help people stay [more...]
Date: 2008-11-16 02:38:00
Words from the (investment) wise 2.15.09
Words from the (investment) wise for the week that was (February 9 – 15, 2009) “Words from the Wise” this week comes to you from my abode in a visibly depressed Europe, from where I am compiling this report as welcome relief from gloomy conversations with taxi drivers and cheerless meals in deserted eateries [more...]
Date: 2009-02-15 12:47:57
