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US to pay $500 billion to service mega debt
in Sox First, on November 23, 2009
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Earlier this month, I did a blog entry warning of worse times ahead with the US debt hitting $12 trillion. Just how bad is it going to get? As the New York Times warns, the US is now faci...
Seen that? - Self-Employed have CPP Woes Bigger Problem is Income Taxes
in Small Business Unplugged, on November 19, 2009
...tives still be in power to follow through their plan? I hope so, because without a reduction if net debt our economy will become increasingly inefficient. Finance Minister Jim Flaherty Thursday releas...
Seen that? - Infertility Drugs Requires Beta Estrogen Receptor Gene
in The Biotech Weblog, on November 19, 2009
...r women in their fifties (may even be protective) and it is safe to use the hormone for short-term relief of hot flashes and other symptoms of menopause. "These [...] Read More New ...
Students Take to Online Gambling to End Their Debts
in The Gambling Weblog, on November 19, 2009
...Gambling advisory service GamCare has warned that students, in an effort to relieve their growing debts, are turning to online gambling and in particular poker . One US study has apparently found th...
Economy to get worse with debt hitting $12 trillion
in Sox First, on November 18, 2009
...im where the going is slower than expected . The US economy is facing a long hard haul back with debt levels now topping $12 trillion . That only adds to pressure on the economy from weak bank len...
New fair value rule to face test
in Sox First, on November 16, 2009
...ules dealing with the classification and measurement of financial assets, such as loans, as well as debt and equity securities using fair value. Sox First will remember how the banks were screaming ab...
Taxpayers lose out on bank bailout
in Sox First, on November 13, 2009
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Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP), otherwise known as the bank bailout or banking welfare program, has conceded that the...
Is China about to collapse?
in Sox First, on November 12, 2009
... up producing a massive amount of goods that it won't be able to sell. The big problem is China's debt. As Fortune magazine reports, Beijing has shoveled $1.27 trillion in new loans into the econo...
Seen that? - Menopause and Hormone Replacement Therapy
in Well Woman Blog, on November 5, 2009
...a placebo pill as part of the Women's [...] Read More Better Answers to Menopause Relief at Well Woman Blog Hot flashes? Mod swings? Dep...
Pay Yourself First
in BootStrapMe, on October 27, 2009
... it’s hard. That money could be used someplace else. You could pay the phone bill, could pay down debt... The people at Get Rich Slowly look at the why and how of paying yourself first. And at the...
Dollar to tumble even more
in Sox First, on October 22, 2009
...enback highlights the parlous state of the US economy. The Economist writes: "A country heavily in debt to foreigners, with a government deficit it is making little headway at controlling, is creatin...
Seen that? - Case studies in Micro Finance #1
in Audeamus - How dare we..., on October 21, 2009
...se studies and other info: *Beware the pdf on this one as it comes out to 118 pages. From Catholic Relief Services comes Mergers in Microfinance: Twelve Case Studies here at the CRS website. More pub...
Endless unemployment and the new pledge of allegiance
in Sox First, on October 21, 2009
...this report : "The new American Pledge of Allegiance: children, I pledge allegiance to America’s debt, and to the Chinese government that lends us money. And to the interest, for which we pay, compou...
Seen that? - Generic Allegra from Mylan Laboratories
in Allergies, on October 16, 2009
...Cetirizine hydrochloride Syrup, a generic equivalent of Zyrtec® . The product is indicated for the relief of symptoms associated with seasonal allergic rhinitis due to allergens such as ragweed, gras...
Dubai can't meet debts
in Sox First, on October 13, 2009
...in this crisis. Now we have BusinessWeek reporting that Dubai does not have resources to pay its debts. The sheikdom and state-controlled companies cranked up $80 billion of debt building man-made ...
The Goldman Sachs lie
in Sox First, on October 11, 2009
... as a dead cat? Why is it talking them up when the Special Inspector General for the Troubled Asset Relief Program (TARP), Neal Barofsky issued a report showing that the banks were not as healthy a...
A system to let institutions fail
in Sox First, on October 11, 2009
.... Writing in the Financial Times , Levitt says we need a system that ensures investors, long-term debt holders, lenders and management suffer pain commensurate with the risks they allowed an institu...
California - America's first failed state?
in Sox First, on October 4, 2009
...nia is like a patient on life support. At the start of summer the state government was so deeply in debt that it began to issue IOUs instead of wages. Its unemployment rate has soared to more than 12%...
Luxury hotels the latest victims of the recession
in Sox First, on September 25, 2009
...a $100 million loan is at risk of default. These hotels were financed aggressively on the oxygen of debt during the boom and now the chickens are coming home to roost. This is serious and dangerous. ...
Hyper inflation on its way?
in Sox First, on September 23, 2009
...in Wolf warns that "the U.S. government and British government will never mange their public debt problems. That means "there could be a real flight from these currencies and that would ge...
The financial meltdown and tell-tale emails
in Sox First, on September 15, 2009
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Should UBS be held accountable for selling toxic collateralised debt obligations? The Wall Street Journal reports that UBS staff knew these debt securities were bad and sent off emails making t...
Nothing learned from Lehman collapse
in Sox First, on September 14, 2009
...d pooling them with slices of bonds comprised of low-risk mortgage securities. With the blessing of debt ratings agencies, banks are then selling this class of bonds as a low-risk investment. The mark...
Will the dollar be replaced?
in Sox First, on September 9, 2009
... long? The US dollar is effectively being kept on life support by countries like China buying up US debt. It's only a matter of time before before they put pressure on the US to move to a global c...
The US consumer economy is dead
in Sox First, on September 9, 2009
...he 1980s until a year ago is smashed. Once-ravenous U.S. consumers are saving money and paying down debt. Banks are building reserves and hoarding cash. And governments are fashioning a new global fin...
Climate change and national security
in Sox First, on September 2, 2009
...cted in any significant way ... the likely demands on U.S. military forces will be for humanitarian relief, not for the protection of vital U.S. interests. I have no problem with humanitarian relief, ...
Commercial real estate to create a new mortgage crisis
in Sox First, on August 31, 2009
...;Banks hold $1.7 trillion of commercial mortgages and construction loans, and delinquencies on this debt already have played a role in the increase in bank failures this year. But banks' losses fr...
No relief from foreclosure mess
in The Mortgage Roadmap, on August 24, 2009
The news on housing foreclosures isn't getting any better. In fact, it's getting worse.
According to a story in the Wall Street Journal, one in every eight U.S. households with mortgages was either in foreclosure or behind on its mortgage payments in the second quarter of this year.
Th...
Double dip recession looming
in Sox First, on August 24, 2009
...untouched they will be punished by the bond market. That will raise interest rates on their massive debt. Inflation could also rise. The second reason why we might be headed for a double dip recessio...
Who is buying up US debt?
in Sox First, on August 23, 2009
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Much has been said about China buying up US debt. China has accumulated the most US debt followed by Japan. But Caribbean countries? Luxembourg? They are in there among the top 10 debt holder...
Headed for the double dip
in Sox First, on August 20, 2009
...me. What that means is that the long term future is uncertain and we need to wind back the massive debt that got us into this mess in the first. There's no sign any of that's happened. As War...
Readers Digest: another private equity failure
in Sox First, on August 18, 2009
...r Chapter 11 bankruptcy protection. The latest bone-headed plan is to convert $1.6 billion worth of debt into equity. How feasible is that when the magazine's readership is dying off and young peo...
Lease accounting trouble looms
in Sox First, on August 16, 2009
...ount of liabilities on a company's balance sheet. This might force some entities to renegotiate debt covenants. As Tammy Whitehouse writes in Compliance Week , the new rules will cause all sorts...
Health care reform and a fat tax
in Sox First, on August 16, 2009
...ion is fueling obesity. A German study, reported here , found that one in four people seriously in debt were also obese. Only 11% of the 9000 people studied were not in debt were obese. The researche...
A Word of Caution about Balance Transfer Credit Cards
in The Personal Finance Weblog, on August 13, 2009
... Rueda
While balance transfer credit cards appear to be an ideal way to reduce your credit card debt, you need to be aware that it may not be all that simple. In order for you to save money and get...
10 个最搞笑的 Google 搜索建议
in Wangtam, on 2009-08-13
...ises, Videos
• Chevrolet Camaro Convertible Confirmed For Q2 2011
• The Price Crusher
• Microsoft to roll out IE 8 with new defaults on Patch Tuesday
• Get Unlimited Twitter Followers For Free...
Anuleaf AD: A Relief To Pregnant Women
in Next Nine Months, on August 12, 2009
...worn during a hemorrhoid attack to complement traditional treatments and provide significantly more relief - while allowing your body the opportunity to heal faster! It's FDA approved and doctor e...
Spooks and the financial crisis
in Sox First, on August 7, 2009
...uot; With the US wasting money on wars it cannot win in Iraq and Afghanistan when it is heavily in debt, it will be fascinating to watch the priorities of intelligence agencies develop....
Want a good retirement? Pay off that mortgage loan first
in The Mortgage Roadmap, on August 3, 2009
...age loan. Financial experts say this is a mistake. It's far better to relieve yourself of extra debt before retiring.
So do yourself a favor. If you can pay off that mortgage — even if it m...
Airline losses soar
in Sox First, on August 1, 2009
...stry forecasts, they were set to lose $9 billion this year. That would be just a start. There is no relief in sight. Not surprisingly, the industry's losses are starting to come in thick and fast...
Radiation Therapy at Childhood Increases Risk of Future Breast Cancer
in Well Woman Blog, on July 29, 2009
...ative treatment (where cure is not possible and the aim is for local disease control or symptomatic relief) or as therapeutic treatment (where the therapy has survival benefit and it can be curative) ...
The looming credit card disaster
in Sox First, on July 28, 2009
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Credit card debt is the canary in the coal mine. It is the signal that tells us which way economies are tracking. And those signals are looking bad. USA Today reports that credit card debt is r...
RFID brings joy for children at the Shedd Aquarium
in The RFID Weblog, on July 24, 2009
...t on the kiosk screen providing information about the item being picked. Parents can take a sigh of relief as it would keep their children occupied so that they can spend their time in visiting other ...
Bonuses for bankers, despite losses
in Sox First, on July 23, 2009
...quarter after paying back $10 billion government investment under the Treasury's Troubled Asset Relief Program, or TARP. Chief executive John Mack reckons the bonuses will "help deliver bette...
Sun Shareholders Approve Oracle Acquisition
in Java Entrepreneur, on July 20, 2009
...le is set to acquire Sun for $9.50 per share in cash, or $5.6 billion including Sun's cash and debt...
Neither Sun Chairman Scott McNealy or Sun CEO Jonathan Schwartz attended the meeting, a...
Goldman Sachs: behind the numbers
in Sox First, on July 15, 2009
...isk trading and investing in everything from mortgages to commodities and underwriting of stock and debt offers. And that raises an obvious question: how long can they keep it up? Part of the success ...
Two New Google Trends Features
in Wangtam, on 2009-07-15
...ally Unload Stock
• poliTwitter - Canadian Political Tweets
• Friendlyin
• Discover the Science of Health | Highlight HEALTH
• The Pioneer Woman - Ree Drummond
• Grabies!
• bulbstorm | Tra...
An X-shaped recession
in Sox First, on July 14, 2009
...ecause the track we were on for years - featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere - simply cannot be...
Headache Online Tool: Headache U
in Straightfromthedoc, on July 4, 2009
...t's all about YOU, which can help people with headache take a personal approach toward getting relief.
By logging onto Headache U, you and your readers can begin to with the first of many educ...
Did Palin quit to head off an embezzlement scandal?
in Sox First, on July 5, 2009
...e complex cost the city an additional $1.3 million in legal fees and threw it into severe long-term debt. For SBS, however, the bloated and bungled project was a cash cow." This stuff is politic...
Neverland's future: up for grabs
in Sox First, on July 4, 2009
...nch newsletter points out, Jackson was headed towards bankruptcy. He was believed to be paying 20% debt interest on approximately $270 million in loans or roughly $54 million per year and with insuff...
The Goldman Sachs-Rolling Stone slugfest
in Sox First, on July 3, 2009
...about being forced to fly coach.") And when Paulson announced the $700 billion Troubled Asset Relief Program, Taibbi reminds us how Goldman Sachs converted from an investment bank to a bank-hold...
Jackson downloads soar
in Sox First, on July 1, 2009
...e estate or fix the financial problems. Jackson reportedly died more than half a billion dollars in debt and Associated Press reports he only had assets of just over $230 million. Which suggests th...
Michael Jackson's debt legacy
in Sox First, on June 27, 2009
...the pop icon was bogged down in controversy. But more to the point, he was trapped in a quagmire of debt. As The Wall Street Journal tells us, he left this world with $500 million in debt after def...
Bankers' pay soars despite crisis
in Sox First, on June 22, 2009
... out ways of getting around crimping bonuses in response to the bailout rules of the Troubled Asset Relief Program. Instead of bonuses, you just boost the base salaries. Given that the bonuses are six...
Recession drawing to an end. So what?
in Sox First, on June 21, 2009
... People will spend less for years to come, we are in for a long period of bear markets with no more debt-powered growth, there will be lots of volatility with a series of downturns (think of it as row...
Another Way to Save Money on Air Conditioning Costs This Summer
in The Personal Finance Weblog, on June 14, 2009
...y. We all know what sticky weather feels like and how that makes it feel muggy - and we want quick relief from it. The hotter it is the worse the high humidity feels. Here is some energy saving tips t...
Want a better credit score? Manage your money
in The Mortgage Roadmap, on June 12, 2009
...ore you want to take out a mortgage loan.
Your second step should be to eliminate your credit-card debt. Homebuyers with too much of this debt will hurt their credit score. And pay your bills on time...
Blame the recession on Reagan: Paul Krugman
in Sox First, on June 1, 2009
...merica's economic woes on Ronald Reagan. Basically, Krugman says deregulation, the piling up of debt and the scrapping of financially prudent rules like for example limiting the ability of familie...
Krugman, Soros and Roubini: how to fix the crisis
in Sox First, on May 26, 2009
...sive deficit to save the economy. It is a finely balanced thing, he says. "We are currently in debt about 60 percent of GDP,'' Krugman says. "We have in the past been as high as 100 ...
You can lower your mortgage interest rate -- BEFORE you take out that loan
in The Mortgage Roadmap, on May 26, 2009
...g your bills on time - and the good credit report to prove it - and a high income and low amount of debt, you'll qualify for a lower interest rate. That's because lenders will view you as less...
Britain to lose AAA rating, US is next
in Sox First, on May 24, 2009
...its of 10 percent annually as far as the eye can see. At some point over the next several years the debt of each may approach 100 percent of GDP, which is a level at which country downgrades tend to o...
Tweeting Too Hard
in Wangtam, on 2009-05-22
... Netflix comes to Windows Media Center
• CL Sues SC AG For Declaratory Relief
• Energized about our first Google PowerMeter partners
• Kantaris Remixes VLC Media Player with New Looks and Featu...
Will credit card bill stall mortgage foreclosures?
in The Mortgage Roadmap, on May 20, 2009
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According to a report from CBS News, the average U.S. family carried $7,300 in credit card debt in 2007. That's a big financial burden.
Is there a relation between this spiraling credit card...
US and China: the drug dealer-addict relationship
in Sox First, on May 20, 2009
...ican consumers buy Chinese-made goods, China piles up billions of dollars from US trade and buys US debt. That has flooded the market with cheap money and contributed to today's financial bloodbat...
OTC Prevacid®, Heartburn Medicine Now FDA-Approved
in Straightfromthedoc, on May 15, 2009
...R is taken once daily over a 14-day course of treatment, and has been clinically shown to provide relief from heartburn for 24 hours. In three clinical studies, comparing the product to placebo over a...
Times' reporter's story a reminder: It's easy to fall into foreclosure nightmare
in The Mortgage Roadmap, on May 15, 2009
...riguing is that Andrews should know all the ins and outs of mortgage loans, credit card management, debt management and achieving good credit. He makes his living writing about money, right?
But And...
Navigating the new mortgage roadmap
in The Mortgage Roadmap, on May 12, 2009
...tgage loan today, you better have a high enough income to qualify. And you better not have a ton of debt. And, even more important, you need to have a good FICO score.
That FICO score may be the most...
Downturn easing without recovery
in Sox First, on May 12, 2009
...means, more likely than not, more bank losses." Stiglitz says harsh medicine in the form of a debt for equity swap, where bond holders basically cancel their debt in exchange for equity in the b...
Credit card losses to hit banks
in Sox First, on May 11, 2009
...a look at the impact that credit card losses will have on the US economy and US banks. Credit card debt is the ticking time bomb for banks, says the New York Times . According to the bank stress tes...
Kapalua Saved. PGA Sighs With Relief
in Eagle Par Birdie, on May 8, 2009
Courtesy: golfswitch.com
Back after an extended hiatus so let's get right to it.
I note that the PGA Tour has landed its first new sponsor since the economic meltdown. Depending on which economist you like to believe in, that could be the first new sponsor since 2007 when the Great Recessio...





