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Dubai: a sign of worse to come
in Sox First, on November 30, 2009
...ai. The real worry is whether Dubai's woes are a harbinger of even worse disasters in 2010. Dubai's debt of about $80 billion is just a drop in the ocean compared to the trillions of dollars of debt t...
Dubai: what's ahead?
in Sox First, on November 29, 2009
...s a good take on how Dubai's creditors were taken in and fooled. The Economist writes: "Dubai’s debts are heavy, amounting to about $80 billion including the government and the conglomerates it cont...
Clearwire Raises $920 Million
in The Wireless Weblog, on November 27, 2009
...
Clearwire this week announced that it has raised an additional $920 million in debt financing.
"The company had already nabbed $1.85 billion of senior secured notes due in 2015 to help...
The Dubai con job
in Sox First, on November 27, 2009
... how Dubai was likely to join Iceland and go broke. It's about to default on billions of dollars of debt accrued to create that bizarre financial center out in the middle of the desert. The news has s...
Dubai goes for broke
in Sox First, on November 26, 2009
...
Back last month, I did a blog entry looking at how Dubai was struggling to pay its debts. Now, it looks like the once opulent kingdom of Dubai could go the way of Iceland and go broke. Now, ...
US to pay $500 billion to service mega debt
in Sox First, on November 23, 2009
...
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...
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...
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...
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...
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...
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 ...
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
...
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...
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...
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
...
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...
Recovery at least two years off: Krugman
in Sox First, on August 10, 2009
How long will there be until there is a recovery? At least two years, according to Nobel Prize winning economist Paul Krugman. According to the New York Times , the world avoided a second Great Depression because of big government but he says a recovery is some time away. ''We ha...
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...
The looming credit card disaster
in Sox First, on July 28, 2009
...
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...
Banks misused TARP funds
in Sox First, on July 20, 2009
...program will reveal that of the 360 banks surveyed, nearly half had used the money to invest, repay debt or buy other banks. While most say they had used some of the money for loans, the revelations s...
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...
Asus-Garmin Nuvifone G60 and M20 coming to Malaysia soon
in The Smart PDA, on July 19, 2009
...s by ASUS and Garmin. Well the news is that the two devices are finally going to be launched in the Malaysian market in August.
Just to recap, the Nuvifone G60 is a Linux smartphone featuring a 3.55 ...
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 ...
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...
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...
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...
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...
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...
Will credit card bill stall mortgage foreclosures?
in The Mortgage Roadmap, on May 20, 2009
...
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...
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...
No recovery in sight
in Sox First, on April 30, 2009
...quot;. With the Fed printing money to buy Treasurys, mortgage-backed securities and housing agency debt , some economists are predicting the US economy will return to growth with a big decline in in...
Skype 推出新的资费套餐,每月仅需 6 美元
in Wangtam, on 2009-04-28
...apore, Slovakia, Spain, Sweden, Switzerland, Thailand, and United Kingdom....
Oracle 出价 74 亿美元收购 Sun
in Wangtam, on 2009-04-21
Oracle 同意以 74 亿美元或每股 9.50 美元的价格收购 Sun ,预计该次并购于今年夏季完成。
Oracle 公司总裁 Safra Catz 称,预计该并购交易完成的第一财年,将促使 Oracle 公司依非国际公认会计原则(Non-GAAP)计算的每股盈利至少增加 15 美分。
Catz 指出,预计其收购 Sun 电子计算机公司的业务在并购第一财年将为 Oracle Non-GAAP 运营利润贡献 15 亿美元 ,第二财年贡献逾 20 亿美元。而并购 Sun 电子计算机公司第一财年将实现的每股收益要高于 Oracle 并购服务器软件供应商 BEA 系统公司的计划每股收益...
Thailand May as Well Be Closed...
in Hidden Travel Gems, on April 20, 2009
...king of going to Thailand on vacation any time soon, you should probably plan on the Philippines or Malaysia instead.
I could take a few minutes and try to unravel the politics. But, well, mai pen r...
Vettel Regengott beim China Grand Prix!
in In der Boxengasse, on 19.04.09
... gings einigermaßen gesitteter ab.
Was aber trotzdem nicht weniger spannend war, als das Rennen in Malaysia.
Auf jeden Fall hat "mein" Basti (Sebastian Vettel) gewonnen und tröstet mich so...
12 brands that will die
in Sox First, on April 18, 2009
... list compiled by by 24/7 Wall St . The analysis is pretty thorough. It looks at sales performance, debt levels and competition. It's hard to fault and makes fascinating reading, in a gruesome sor...
Urlaub: Alternativen zu Thailand
in Das Reise-Weblog, on 17.04.09
...en Insel Bali ein ebenso traumhaftes Urlaubsziel wie beispielsweise auf Java oder im Nachbarland Malaysia:
Indonesiens Nachbar verspricht seinen Besuchern mit dem Slogan "Malaysia - Truely Asia...
Save More Money in 2009
in The Personal Finance Weblog, on April 16, 2009
...Here are some simple tips about how to save money more than you have in the past.
1. Reduce your debt
If you have credit card debt, it is very important that you reduce this as much as possible - ...
IPOs: don't blame Sarbox
in Sox First, on April 15, 2009
...ut, it's the market's architecture where you have many more alternative sources of finance. Debt can be sold in the private market, there's private equity and retail investors hold less th...
Recession: neither the beginning of the end or end of the beginning
in Sox First, on April 13, 2009
...ra money they extract from their homes to spend again. But most will use the extra money to pay off debt and start saving again, as they did years ago. Most consumers continue to worry about their job...
Qtrax Announces Official Relaunch
in P2P File Sharing, on April 11, 2009
...pported music download service — SpiralFrog — closed down after it could not meet its debt obligations," notes Billboard's Antony Bruno . "The SpiralFrog situation has cas...
NFC hits Malaysia
in The Gadgets Weblog, on April 9, 2009
...a year after Nokia supplied the phone capable of it, rolled out NFC compatible payment terminals in Malaysia. What's NFC you ask? It's a very smart piece of technology which allows you to ...
The Best F1 Racing, Maybe Even the Best Auto Racing, Period
in Classical Drives, on April 6, 2009
...the right team at the right time.
The season opener in Australia was entertaining enough but the Malaysia GP topped it with a thunder and rain display that put an end to the fun far too soon. The ...
Collecting Bad Debts Through MySpace? Not...
in The Social Networking Weblog, on April 2, 2009
... an interesting piece earlier this week on a woman in Michigan whose MySpace page got targeted by a debt collector. She's now suing the collection agency.
Paula Newland fell behind on her car...





