Saturday, September 18, 2010

manage personal finances


From Hotline (HT: Mataconis):


O'Donnell, a perennial conservative candidate in Delaware, is challenging moderate Rep. Mike Castle (R), the clear favorite of the GOP establishment. But she has come under fire recently for her personal financial problems. Reports have surfaced that she owed $10K in back taxes, defaulted on her mortgage and holds outstanding campaign debt.


Levi Russell, a spokesman for the group, told Hotline On Call that the group was not aware of O'Donnell's personal financial problems before it endorsed her.


"We don't know the exact situation," he said.


When asked if the group discussed the issues with O'Donnell, Russell responded: "No we haven't. We don't really have any contact with the campaign or the candidate."


We have blogged before reasons why we support Mike Castle over O'Donnell. But this report raises even more questions, such as:



  1. If the Tea Party really stands for fiscal conservatism, why would they endorse somebody who can't even manage her personal finances?

  2. Does it give you confidence in the Tea Party that they go around endorsing people without having any contact with the candidate? How do they know that this female version of Harold Stassen is really worthy of such an endorsement?

  3. Christine O'Donnell has run for office 4 times. Her sole victory was an uncontested Republican primary.

  4. In 2008, O'Donnell lost the Delaware senate race to Joe Biden by 65-35. She later falsely claimed to have won two counties in that race. Biden's percentage of the vote in 2008 was the largest of any of his senatorial campaigns.

  5. In 2008, one of the great Democratic landslides, Mike Castle beat his Democratic challenger for Delaware's sole Congressional seat by 23 points. Castle has won 13 consecutive state-wide races as a candidate either for Governor or Congressman. He's way ahead of the Democrat in the polls while O'Donnell trails the Democrat by 10 points.


As a student of Delaware corporate governance, I am firmly convinced that Delaware needs quality representation in Congress if it is to fend off the creeping federalization of corporate law. As a big tent Republican, I'm inclined to support smart, electable, centrists like Mike Castle over someone like O'Donnell. The perfect must not be allowed to become the enemy of the good. Especially when the supposed perfect candidate is pretty seriously flawed and probably unelectable.












Quicken Online users will be able to manually import certain account data into Mint.com by adding Quicken Online as an account in Mint. Quicken also encourages existing customers to export their Quicken Online data as a CSV file for backup purposes. All transaction and account data will be wiped from Intuit's servers beginning on August 29.



One group for whom this transition might be a challenge is the small business users of Quicken Online, who will no longer be able to access the Web component of Quicken's Home & Business product.



Since Mint.com is geared toward personal finance, it does not currently offer a way to differeniate between personal and business transactions. For that, business customers still looking to manage their finances online might want to consider alternatives like InDinero or Outright.



The desktop versions of Quicken's products will not be affected by the change.




















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Pope visits Britain: protests and Hyde Park vigil | <b>News</b> <b>...</b>

Pope expresses 'deep sorrow and shame' over abuse • Benedict met five victims of clerical sex abuse • Pontiff meets party leaders ahead of a Hyde Park vigil • Thousands attend march by the Protest the…

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to the Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!

<b>News</b> - Lindsay Lohan: Failed Drug Test Report Is &quot;Nuts <b>...</b>

After it's reported that she flunked a drug test and could go back to jail, she tells Us, "I'm fine"



MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance




































Tuesday, September 14, 2010

personal finance budgets


Behold: the most profoundly pessimistic attack ad of 2010. Meg Whitman has delivered unto us a masterpiece of dirty politics.



What is most striking about this already-infamous ad isn't the boldness of its mendacity--though it certainly has that--but the cynicism of its timing. It's the sort of unabashedly nasty hit that one would expect just days before an election, and even then only from an outside interest group. Yet here it is, delivered to us in early September with Meg Whitman's name right there on the card. By not only producing so brazen a piece of misinformation but also airing it with more than enough time to effectively rebut, Whitman is betting the house on the politics of personal animosity.



If you live in California or happen to be a political junkie, you've no doubt seen it already and can skip the next paragraph. But for those of you who have avoided it (probably due to a weak stomach or some lingering, endangered shred of personal or political optimism) here's a recap:



Bill Clinton, in a 1992 debate, sits face-to-face with Jerry Brown. Brown looks at Clinton like a kid called to the principal's office. Clinton blasts Brown as a tax-raising liar: "CNN, not me, CNN says his assertion about his tax record was, quote, 'just plain wrong.' He raised taxes as Governor of California. He doesn't tell the people the truth." That's two levels of surrogate Whitman is hiding behind, for those of you keeping track. On its own, the ad is devastating.



There's just one little problem: That CNN report turned out to be "just plain wrong," and Whitman's campaign--like all interested parties--has been fully aware of that for some time. From what the San Jose Mercury-News has been able to piece together, the CNN report used the wrong years both in determining the base of comparison and in identifying the budgets Brown had control over. This made it seem Brown was responsible for a sizable tax increase during Reagan's last year in office and failed to give him credit for tax cuts later in his tenure. The LA Times and California Department of Finance also revisited the numbers and found them to be outright wrong, for the same reasons, in the same ways. Brown was telling the truth. He had cut taxes as Governor of California.



Whitman knew full well that the story was a lie, but she wanted to repeat it all the same. The excuse her communications director offered the Mercury-News: "Bill Clinton, not me, said Jerry Brown 'doesn't tell people the truth.'" Sound familiar?



But this ad is so much more perverse than any simple repetition of untruths. It practically baits a popular former president into entering the fray on the side of Whitman's opponent, yet rests comfortably on the belief that personal grievances and misgivings will trump ethics and ideology to prevent any serious intervention by Clinton or one of the nation's most popular fact checkers.



Yes, in case you missed it, there is yet another personality being ironically misused by this ad. Brooks Jackson, the reporter responsible for this particular "oopsie," now heads FactCheck.org. If you didn't already know that, give yourself a moment to let it sink in: The man whose erroneous report is still fueling factually-incorrect campaign advertisements nearly two decades later is also the guy we all run to when we question the veracity of claims in a political advertisement.



For his part, Jackson acknowledged the error on FactCheck.org in a manner only slightly more embarrassing than admirable. Unlike other political ads targeted by FactCheck, the correction has yet to warrant an actual article on the site. Jackson did, however, post a blog entry on the topic on one of the site's secondary pages. It fails to even mention the Clinton ad and generally reads more like a lengthy rationalization than a correction. He even works in the astonishing insinuation that Prop 13 was a reaction to Brown's high taxes. (Prop 13, patently a reaction to soaring property values and their impact on property tax rates, was not included in the figures used to correct Jackson's report.) After muddying the waters for seven paragraphs, he concludes that state taxes "increased during four of Brown's eight years, and during six of those years they were higher than before he took office. But they were lower during his final two years."



The Mercury-News, State Department of Finance and Associated Press see things a little differently. By about $16 billion in tax cuts during Brown's first seven years in office, and $4 billion in savings per year between 1978 and 1982. Not counting the savings from Prop 13. So much for a gentleman admitting he was wrong.



Not that Jackson matters much to Brown's campaign. Both Brown and Whitman know that only one man can make this ad backfire on Whitman: former president Clinton. Whitman is betting (perhaps unwisely, given Clinton's general election campaigning for Barack Obama,) that 18 years after their bitter battle for the Democratic nomination, Clinton still hates Brown so much that he will refuse defend him with any real conviction.



Exactly how acrimonious was the Clinton-Brown contest? The clip in Whitman's ad might be called one of its more friendly exchanges.



In what was widely taken as an allusion to Brown's onslaught of attacks on Clinton's character, Jesse Jackson opened one debate by chastising the candidates for getting too caught up in "attacks and counterattacks." It didn't slow Brown down. Later that evening, he accused Clinton of racial insensitivity for playing golf at a whites-only country club and using black prisoners as campaign props.



At the final debate, when Brown (not without his own, similar conflicts of interest,) accused Clinton of "funneling money to his wife's law firm," Clinton shot back, "You're not worth being on the same platform as my wife."



The highlight (or low point) of that debate was when Clinton said, "I feel sorry for Jerry Brown... He asked me to support him for President once." When a moderator asked if he did, Clinton didn't miss a beat before shooting back, "Of course not." Footage circulated from the night appears to show gathered reporters roaring with laughter. Whitman probably has that ad already in the can.



In an email blast from Brown's campaign the morning the ad came out, Brown was quick to let Clinton off the hook. The former president had "later learned" that the numbers were incorrect, according to the letter to supporters. But it's a lot easier for Jerry Brown to play nice for the sake of his own campaign than it will be for Bill Clinton, who doesn't need any favors, to come riding to Brown's rescue.



Is Clinton still unable to put the past behind him?



Pundits have pointed to his early support for Gavin Newsom over Brown as proof that he still holds a grudge. But was Clinton's support of Newsom the result of his decades-old feud with Brown, or of a more recently developed loyalty? Newsom was a very vocal, enthusiastic supporter of Hillary Clinton during the 2008 primaries.



Ironically, that support might have been born out of the former San Francisco Mayor's own feud with another Democratic president. In 2007, Newsom implied to Reuters that Obama, "As God is my witness, will not be photographed with me, will not be in the same room with me." At issue was Newsom's having granted marriage licenses to same-sex couples.



The Obama-Newsom feud was verified in early 2008, when Willie Brown (backed by several Newsom staffers) gave a much more detailed account of the disputed incident to the San Francisco Chronicle. Obama's campaign denied the accusation, telling Politico that the incoming president was so "pissed" over the stories that the new administration "may give San Francisco to Canada."



Newsom might well have supported Hillary Clinton just as enthusiastically regardless of his personal feelings about Obama. Still, it's tempting to imagine that his feud with the current president might have, just as much as Bill Clinton's animosity toward Jerry Brown, circuitously earned him the former president's support. In politics, there is seldom a single reason for anything, and with so many personal feuds and vendettas driving the nation's politics, it's more than a little difficult to keep straight which one is motivating whom and when.



Will Clinton step in? If he wants to keep that "team player" image he so carefully rebuilt during the 2008 general election, he'll have to. But will he do so looking like an angry, misused Brown supporter or a fellow Democrat forced by party allegiance to go through the motions? I don't know.



What I can say with certainty is that Meg Whitman doesn't even take seriously the possibility that Bill Clinton would rather campaign for Jerry Brown than be seen as the man responsible for costing Democrats the California governor's mansion.



Update: Around the time that this posted, stories about Brown's remarks about Clinton at a campaign event Sunday were beginning to spread. So it seems that Whitman was probably right. "No matter how cynical you become, it's never enough to keep up." - Lily Tomlin.







Behold: the most profoundly pessimistic attack ad of 2010. Meg Whitman has delivered unto us a masterpiece of dirty politics.



What is most striking about this already-infamous ad isn't the boldness of its mendacity--though it certainly has that--but the cynicism of its timing. It's the sort of unabashedly nasty hit that one would expect just days before an election, and even then only from an outside interest group. Yet here it is, delivered to us in early September with Meg Whitman's name right there on the card. By not only producing so brazen a piece of misinformation but also airing it with more than enough time to effectively rebut, Whitman is betting the house on the politics of personal animosity.



If you live in California or happen to be a political junkie, you've no doubt seen it already and can skip the next paragraph. But for those of you who have avoided it (probably due to a weak stomach or some lingering, endangered shred of personal or political optimism) here's a recap:



Bill Clinton, in a 1992 debate, sits face-to-face with Jerry Brown. Brown looks at Clinton like a kid called to the principal's office. Clinton blasts Brown as a tax-raising liar: "CNN, not me, CNN says his assertion about his tax record was, quote, 'just plain wrong.' He raised taxes as Governor of California. He doesn't tell the people the truth." That's two levels of surrogate Whitman is hiding behind, for those of you keeping track. On its own, the ad is devastating.



There's just one little problem: That CNN report turned out to be "just plain wrong," and Whitman's campaign--like all interested parties--has been fully aware of that for some time. From what the San Jose Mercury-News has been able to piece together, the CNN report used the wrong years both in determining the base of comparison and in identifying the budgets Brown had control over. This made it seem Brown was responsible for a sizable tax increase during Reagan's last year in office and failed to give him credit for tax cuts later in his tenure. The LA Times and California Department of Finance also revisited the numbers and found them to be outright wrong, for the same reasons, in the same ways. Brown was telling the truth. He had cut taxes as Governor of California.



Whitman knew full well that the story was a lie, but she wanted to repeat it all the same. The excuse her communications director offered the Mercury-News: "Bill Clinton, not me, said Jerry Brown 'doesn't tell people the truth.'" Sound familiar?



But this ad is so much more perverse than any simple repetition of untruths. It practically baits a popular former president into entering the fray on the side of Whitman's opponent, yet rests comfortably on the belief that personal grievances and misgivings will trump ethics and ideology to prevent any serious intervention by Clinton or one of the nation's most popular fact checkers.



Yes, in case you missed it, there is yet another personality being ironically misused by this ad. Brooks Jackson, the reporter responsible for this particular "oopsie," now heads FactCheck.org. If you didn't already know that, give yourself a moment to let it sink in: The man whose erroneous report is still fueling factually-incorrect campaign advertisements nearly two decades later is also the guy we all run to when we question the veracity of claims in a political advertisement.



For his part, Jackson acknowledged the error on FactCheck.org in a manner only slightly more embarrassing than admirable. Unlike other political ads targeted by FactCheck, the correction has yet to warrant an actual article on the site. Jackson did, however, post a blog entry on the topic on one of the site's secondary pages. It fails to even mention the Clinton ad and generally reads more like a lengthy rationalization than a correction. He even works in the astonishing insinuation that Prop 13 was a reaction to Brown's high taxes. (Prop 13, patently a reaction to soaring property values and their impact on property tax rates, was not included in the figures used to correct Jackson's report.) After muddying the waters for seven paragraphs, he concludes that state taxes "increased during four of Brown's eight years, and during six of those years they were higher than before he took office. But they were lower during his final two years."



The Mercury-News, State Department of Finance and Associated Press see things a little differently. By about $16 billion in tax cuts during Brown's first seven years in office, and $4 billion in savings per year between 1978 and 1982. Not counting the savings from Prop 13. So much for a gentleman admitting he was wrong.



Not that Jackson matters much to Brown's campaign. Both Brown and Whitman know that only one man can make this ad backfire on Whitman: former president Clinton. Whitman is betting (perhaps unwisely, given Clinton's general election campaigning for Barack Obama,) that 18 years after their bitter battle for the Democratic nomination, Clinton still hates Brown so much that he will refuse defend him with any real conviction.



Exactly how acrimonious was the Clinton-Brown contest? The clip in Whitman's ad might be called one of its more friendly exchanges.



In what was widely taken as an allusion to Brown's onslaught of attacks on Clinton's character, Jesse Jackson opened one debate by chastising the candidates for getting too caught up in "attacks and counterattacks." It didn't slow Brown down. Later that evening, he accused Clinton of racial insensitivity for playing golf at a whites-only country club and using black prisoners as campaign props.



At the final debate, when Brown (not without his own, similar conflicts of interest,) accused Clinton of "funneling money to his wife's law firm," Clinton shot back, "You're not worth being on the same platform as my wife."



The highlight (or low point) of that debate was when Clinton said, "I feel sorry for Jerry Brown... He asked me to support him for President once." When a moderator asked if he did, Clinton didn't miss a beat before shooting back, "Of course not." Footage circulated from the night appears to show gathered reporters roaring with laughter. Whitman probably has that ad already in the can.



In an email blast from Brown's campaign the morning the ad came out, Brown was quick to let Clinton off the hook. The former president had "later learned" that the numbers were incorrect, according to the letter to supporters. But it's a lot easier for Jerry Brown to play nice for the sake of his own campaign than it will be for Bill Clinton, who doesn't need any favors, to come riding to Brown's rescue.



Is Clinton still unable to put the past behind him?



Pundits have pointed to his early support for Gavin Newsom over Brown as proof that he still holds a grudge. But was Clinton's support of Newsom the result of his decades-old feud with Brown, or of a more recently developed loyalty? Newsom was a very vocal, enthusiastic supporter of Hillary Clinton during the 2008 primaries.



Ironically, that support might have been born out of the former San Francisco Mayor's own feud with another Democratic president. In 2007, Newsom implied to Reuters that Obama, "As God is my witness, will not be photographed with me, will not be in the same room with me." At issue was Newsom's having granted marriage licenses to same-sex couples.



The Obama-Newsom feud was verified in early 2008, when Willie Brown (backed by several Newsom staffers) gave a much more detailed account of the disputed incident to the San Francisco Chronicle. Obama's campaign denied the accusation, telling Politico that the incoming president was so "pissed" over the stories that the new administration "may give San Francisco to Canada."



Newsom might well have supported Hillary Clinton just as enthusiastically regardless of his personal feelings about Obama. Still, it's tempting to imagine that his feud with the current president might have, just as much as Bill Clinton's animosity toward Jerry Brown, circuitously earned him the former president's support. In politics, there is seldom a single reason for anything, and with so many personal feuds and vendettas driving the nation's politics, it's more than a little difficult to keep straight which one is motivating whom and when.



Will Clinton step in? If he wants to keep that "team player" image he so carefully rebuilt during the 2008 general election, he'll have to. But will he do so looking like an angry, misused Brown supporter or a fellow Democrat forced by party allegiance to go through the motions? I don't know.



What I can say with certainty is that Meg Whitman doesn't even take seriously the possibility that Bill Clinton would rather campaign for Jerry Brown than be seen as the man responsible for costing Democrats the California governor's mansion.



Update: Around the time that this posted, stories about Brown's remarks about Clinton at a campaign event Sunday were beginning to spread. So it seems that Whitman was probably right. "No matter how cynical you become, it's never enough to keep up." - Lily Tomlin.







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Twitter To Look More Like Facebook&#39;s <b>News</b> Feed

We're trying not to be the type of people who hate change just because it's change.

CBS <b>News</b> launches dedicated iPad app

iPad owners looking for CBS News content now have a free app for that. CBS is following the lead of ABC News with an app that caters to the dimensions of the iPad. The CBS News app features an easy to use interface that includes stories ...

Olympus E-5 professional DSLR announced and previewed: Digital <b>...</b>

Olympus E-5 professional DSLR announced and previewed: Olympus has announced the E-5 professional DSLR, replacing the E-3. Almost three years after launching its predecessor, the company has refreshed its professional flagship to ...



Free Personal Finance Software, Budget Software, Online Money Management and Budget Planner | Mint.com (20091102) by sonesu


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Twitter To Look More Like Facebook&#39;s <b>News</b> Feed

We're trying not to be the type of people who hate change just because it's change.

CBS <b>News</b> launches dedicated iPad app

iPad owners looking for CBS News content now have a free app for that. CBS is following the lead of ABC News with an app that caters to the dimensions of the iPad. The CBS News app features an easy to use interface that includes stories ...

Olympus E-5 professional DSLR announced and previewed: Digital <b>...</b>

Olympus E-5 professional DSLR announced and previewed: Olympus has announced the E-5 professional DSLR, replacing the E-3. Almost three years after launching its predecessor, the company has refreshed its professional flagship to ...


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Free Personal Finance Software, Budget Software, Online Money Management and Budget Planner | Mint.com (20091102) by sonesu































Sunday, September 12, 2010

Making Money on the Internet


Symantec this morning released two new security software products, Norton AntiVirus 2011 and Norton Internet Security 2011.


Coinciding with the release, the company has also published its latest cybercrime report, dubbed The Norton Cybercrime Report: The Human Impact. The company claims two-thirds (65 percent) of global Internet users have already fallen victim to cybercrimes, which includes computer viruses, online credit card fraud and identity theft.


I’ll say it right off the bat: Symantec just so happens to sell security software, and they have new products to promote, so it’s in their best interest to scare people into awareness and try and push them into purchasing mode. Take any research findings from commercial companies with a big grain of salt, always.


That said, cybercrime is prevalent, there’s no question about that. I can imagine the 65 percent of global Internet users is likely close to the truth, and suspect that percentage to increase for the foreseeable future.


Zooming in on nations, Symantec claims almost three-quarters (73 percent) of U.S. Web surfers have fallen victim to cybercrimes, ranking it third according to Symantec (fourth according to myself), behind China (83 percent) and Brazil and India (both 76 percent).


The company also surveyed 7,000 Web users in order to assess the emotional impact of cybercrime. The study shows that victims’ strongest reactions are feeling angry (58 percent), annoyed (51 percent) and cheated (40 percent), and in many cases, they blame themselves for being attacked.


Only 3 percent don’t think it will happen to them, and nearly 80 percent do not expect cybercriminals to be brought to justice, which Symantec says ironically results in a reluctance to take action and a sense of helplessness.


Only half (51 percent) of adults saying they would change their behavior if they became a victim. Fewer than half (44 percent) reported the crime to the police.


Also, nearly half of respondents assume it’s legal to download a content such as music and movies without paying, which Symantec posits opens people up to a range of security threats.


Again, Symantec wants you to buy Norton products, but it’d be foolish to dismiss that cybercrime is a genuine security threat, and a growing one at that. Buy (or use any free) security software you wish if you haven’t already done so, and make sure to update it regularly – it’s worth the money and hassle. And if you do get hit with a virus or malware, or fall victim to identity theft, sexual predation or credit card fraud, report it to the authorities.


There’s no way cybercrimes are going to be stopped any time soon, but we should at least try and stop making it easier for scammers by not taking action.





Pirate Bay documentary raising money on Kickstarter






The Pirate Bay - Away From Keyboard is a documentary on the founding of The Pirate Bay raising money on Kickstarter. I kicked in some money after hearing about it from Peter "brokep" Sunde. The filmmakers have been shooting for two years and are looking for $25,000 to finish the film (they're over $22K as I type this): "This campaign starts exactly one month before the Court of Appeal hearings start in The Pirate Bay trial in Stockholm, Sweden. In 2009 the founders of The Pirate Bay were convicted to 1 year in jail and to pay damages of around 4 million dollars for having 'assisted in making copyrighted content available'. The precedent in the Pirate Bay case will have consequences for the future of the internet. We will cover the upcoming trial closely."


TPB AFK: The Pirate Bay - Away From Keyboard
(Thanks, Cowicide, via Submitterator!)

eric seiger

<b>News</b> - Mario Lopez Welcomes a Baby Girl, Gia Francesca - Moms <b>...</b>

The Extra host's girlfriend gives birth Saturday in Burbank, Calif.

Apple iPhone Unlock <b>News</b> and Views » Blog Archive » Fox <b>News</b> <b>...</b>

All iPhone users can now stay abreast of the latest election news as Fox news announces its latest news app for iPhone. Fox News has launched America's Election HQ app to keep iPhone users informed of the daily political news and ...

Morning <b>News</b> | Slog | The Stranger, Seattle&#39;s Only Newspaper

Slog, featuring Dan Savage, is Seattle's most popular News & Culture Blog. Seattle News, Politics, and Arts Blog. The Stranger covers local & national news, politics, restaurants, bars, music, movies and the arts.





















Saturday, September 11, 2010

Eric Seiger Says Let's Get it Done Already OvWuDl

Dr. Seiger has helped to develop new techniques for the safe removal and treatment of veins. He has frequently been eric seiger published in medical journals and sought out by the media to provide expert advice and commentary.


As a leader in the field of cosmetic surgery and enhancements at The Skin and Vein Center, Dr. Eric Seiger has been designated a National Certified Physician Trainer by the makers of both Botox and Restylane. His national eric seiger reputation for the use of cutting-edge technology and science has led many of the country's best known medical equipment manufacturers to ask him to introduce new products and procedures in the State of Michigan

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In addition to his private practice, Dr. Eric S. Seiger continues an affiliation with the Pontiac Osteopathic Hospital's Dermatology Residency Program as a senior faculty member. He is also a Clinical Assistant Professor at Michigan State University. Dr. Eric S. Seiger is committed to providing services that enhance communities by opening up new opportunities for his clients. Dr. Eric S. Seiger established Freedom Ink, which provides free tattoo removal procedures for former gang members.


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Thursday, September 9, 2010

foreclosure search


As investors search for yield anywhere and everywhere, bonds are trading in uncharted territory. Please consider Obama Wins Low Yield as Markets Shrink Aiding Deficit

Bond investors seeking top-rated securities face fewer alternatives to Treasuries, allowing President Barack Obama to sell unprecedented sums of debt at ever lower rates to finance a $1.47 trillion deficit.

Shrinking credit markets help explain why some Treasury yields are at record lows even after the amount of marketable government debt outstanding increased by 21 percent from a year earlier to $8.18 trillion. Last week, the U.S. government auctioned $34 billion of three-year notes at a yield of 0.844 percent, the lowest ever for that maturity.

Spending by companies and consumers has slowed as the economy has shown signs of weakening. Companies in the Standard & Poor’s 500 Index have stockpiled a record $2.3 trillion of cash and equivalents. Company borrowing slid 29 percent in the first half of the year to $528 billion amid a dearth of business investment, Bloomberg data shows.
Piles of Cash Equates to Piles of Debt

Companies are piling up cash alright. However, the flip side of that cash is debt.

Moreover, analysts mistake that cash for willingness to expand. The reality is corporations do not want to get trapped like they did in 2008, unable to borrow.

For more on corporate cash levels, please see Are Corporations Sitting on Piles of Cash?
Individuals are also hoarding cash. The U.S. savings rate reached 6.4 percent in June, up from 1.7 percent in August 2007, the start of the financial crisis.
Are Individuals Hoarding Cash?

Individuals are not really "hoarding cash" either. Instead they are paying down debt. Most do not realize that by definition, paying down debt constitutes "saving".

For most wage earners, the savings rate is after-tax salary minus personal consumption expenditures (PCE). For a more precise definition, please see What's Behind The Soaring Savings Rate?
“There’s been a collapse in both consumer and business credit demand,” said James Kochan, the chief fixed-income strategist at Menomonee Falls, Wisconsin-based Wells Fargo Fund Management, which oversees $179 billion. “To see both categories so weak for such an extended period of time, you’d probably have to go back to the Depression.”
Food Stamps and Unemployment Insurance Mask Depression

I believe we are in a depression now. The key difference is food stamps and unemployment checks have replaced bread lines.

We also have hundreds of thousands of people living in their homes without making payments on their mortgage or home equity lines. The slow foreclosure process encourages more to do the same.
“The diminishing supply” of alternatives to Treasuries “is giving Washington an opportunity to continue with its fiscal irresponsibilities,” said Mark MacQueen, partner and portfolio manager at Austin, Texas-based Sage Advisory Services, which oversees $8.5 billion. “The only way to tell Washington and America ‘no more’ is a weak dollar, which eventually leads to higher interest rates.”

“We are slowly playing a fool’s game as rates go further down to unsustainably low levels,” said Dan Shackelford, a money manager who helps oversee $15 billion in fixed-income assets at T. Rowe Price Group Inc. in Baltimore.
Thoughts on the Fool's Game

If you are managing $15 billion thinking it is a "fool's game", then in my opinion you ought not be doing it. It seems to me there is a lack of fiduciary responsibility if one is investing client money in a "fool's game".

What the hell - Anything for a fee!

I do think corporate bonds, especially most junk is playing for the greater fool. In regards to treasuries, there is going to be an exit problem for sure, but that could be years away. In Japan, yields stayed low for a decade. Why can't it happen here?

Yields certainly might stay low for an extended period. Whether or not they do remains to be seen. I happen to like long-term treasuries right now, but certainly not as much as when the 10-year was at 3.75% and bears were foolishly shorting treasuries like mad.
The government isn’t the only one getting a good deal. Armonk, New York-based International Business Machines Corp., the world’s biggest computer services provider, sold $1.5 billion of three-year notes on Aug. 2 with a coupon of 1 percent, the lowest of the more than 3,400 securities in the Barclays Capital U.S. Corporate Index of investment-grade company debt.

Portland, Oregon, sold about $408 million in sewer-system revenue debt on Aug. 11, with utility bond yields at the lowest level on record. Yields on 10-year, AA rated tax-exempts backed by utility revenue stood at 3.02 percent on Aug. 10, according to Bloomberg Fair Market Value data. That’s the lowest since the index was created in November 1993.

“We are in unchartered territory,” said [William Larkin, a fixed-income money manager in Salem, Massachusetts at Cabot Money Management]. “We are pushing and pulling levers that we don’t understand the full implications.”
Uncharted Territory

This is indeed uncharted territory thanks to the Fed pushing and pulling levers in a manner it does not understand. William Black, a former bank regulator, is one person who does understand. Black says U.S. Using "Rally Stupid Strategy" to Hide Bank Losses - Will Produce Japanese Style Lost Decade.

I agree with his assessment.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List




I think that if you trace HAMP to the source you will find this was an invention of the bureaucrats at the Treasury who fooled both the public (and probably Obama, perhaps the new Secretary) and even the banksters. If you read the implementing instructions it becomes clear this is a maze that few can find an ‘approved’ entry to or exit from. Just the ‘dictionary’ was 136 lines with 10 cells on an Excel spreadsheet (190kb). I was looking at the fifth revision.


HAMP did forestall a few foreclosures, but it took jumping through hoops. Only a small sum went to the service folks and the rules were changed quarterly. On the banks side they wanted it to work as it could put off the loss while it was in HAMP. It was badly implemented because it was like that pea and shell game. I got a headache reading through all the ‘rules’ and categories and realized this lacked a hard and fast rule. It was ‘optional’ for the bank and the borrower.


It is fair to blame the banksters for most of the failure, but the Treasury was most at fault and those folks who created it are the crats who are not swept away with a changed administration. These critters do either retire or seek jobs with those who must figure out the rules.


I’m giving Obama and maybe even Timothy a pass on this one.. they had a lot on the plate and let the crats do the chores. Congress is who I’ll blame.. they should have never raised the lending limits that Fannie and Freddie could provide as that’s what sent this bubble aloft. People have to have jobs that pay enough to pay these loans. They did not and even as we see from this tale.. people have tried and can’t due to a host of issues.. but folks… a $2,600@ payment is only part of home ownership. You need a net income of $10,000@ month to service such a debt. Clearly a lot of folks were to blame.


‘Wanting’ this house is not planning so as to afford it. People acted imprudently and now we’re ALL going to pay and pay and pay. The lawyers and banksters never pay, which is why they need to be REGULATED. That is worth getting angry over. Home ownership was never (after maintenance, taxes and insurance) going to appreciate more than 1-2% a year.. if you maintain and update. The whole idea of buying houses that will eat your income to the extent these folks have was NUTS.


Yes it was also a stall tactic, but that’s not a bad thing given the mess we’re all in. Congress are who we need to rail on. Fannie and Freddy need to go away. Local banking isolated from the ‘products’ is what we need back. They worked and worked with the borrower. Today the investors are detached and suckers too.



eric seiger

Z on TV: Fox <b>News</b> says it will not cover burning of Quran - TV <b>...</b>

Gentlemen: While I often find myself at odds with the opinions of your news network, I applaud your decision not to cover the Koran burning insanity. You are starving the attention-craving beast, precisely as necessary. Congratulations! ...

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Paper's sting operation on naive John Higgins was a disgrace.

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Wednesday, September 8, 2010

how to lose weight fast in 10 days

build muscle mass depending on the type of exercise that you do. As you diet and exercise and ultimately lose bodyfat you want to have enough tone and mass to achieve that fit and toned look.

A Doctor from the South Beach area of Florida has designed, developed and successfully used a diet that the average person can use and have quick results. His name is Arthur Agatston, M.D.
The program is called the South Beach Diet and and millions of

First of you must know that you did gain all of those weight because of the foods you eat. Not only that but how and when you eat your food. The first thing that you need to do is overhaul your meal plans. Create a meal plan of your own if you don't have one. You must eliminate all of the unhealthy foods that you eat, especially foods that are rich on fats and oil. Include fruits and vegetables in your meals. These are very rich in vitamins and minerals that the body needs. It is also a great source of fiber. Most important of all that you don't ever skip a meal. When you miss a meal your body goes to what they call a "starvation mode". When the body experience hunger, it will make you rebound or eat more in your next meal then instead of using the food as energy it will store the food turning it into fats. Keep your stomach guessing on when is the next meal by eating more often during the day. That doesn't mean you have to eat more. What I'm trying to say is that you should have at least 2 or 3 small snacks besides your 3 regular meals.

Nothing works on How to Lose Weight Fast more than doing a regular exercise. Most people expect that you have to go to the gym when you do some exercise. There are many ways that you could do some exercise without spending money how to lose weight fast by going into a gym. If you have a treadmill at home you could use it and start running for at least 30minutes a day. If you don't have a treadmill then you could run on the park. It is more effective if you could have your exercise before eating your breakfast. Weight lifting could not only make your muscles work but is a great way to increase your metabolism rate.

Daily <b>News</b> Endorses Basil Smikle, Mark Levine For State Senate

The Daily News editorial board (which I remind you, as usual, I'm not on) is out with a number of endorsements in state Senate primaries, including backing Basil Smikle over incumbent Bill Perkins and choosing Mark Levine to fill the...

ABC <b>News</b>&#39; David Westin Resigns: Who Should Run the Division? - The <b>...</b>

Given the obstacles David Westin's successor faces, the usual suspects may not suffice. The Daily Beast rounds up some unconventional nominees, from Barbara Walters to Andrew Breitbart.

David Westin Replacement | Woman Network <b>News</b> President | Anne <b>...</b>

Following news that ABC President David Westin is resigning after 13 years due to rumored conflicts with management at the Walt Disney Company speculation about his replacement, and the fate of ABC News has begun.



Flowers of Sauropus androgynus ... Bông Bù Ngót, Bồ Ngót, Rau NGót .... by jesuismal / Plants of Vietnam, Flowers of Vietnam



kpdulp

Tuesday, September 7, 2010

how to lose weight fast diet

along with proper diet and nutrition. With no exercise your body cannot increase its calorie burning capability. If you are only incorporating part of an overall plan to achieve your weight loss goals then you are short changing yourself. You can achieve your weight loss goals easier when you include exercise into your plan. How to lose weight fast with diet and exercise is discussed here.
how to lose weight fast
Proper diet and nutrition is part of the overall system to lose weight. Your body needs fuel to function. You have to supply it with the appropriate nutrients throughout the day. This is how your body will get the enery it needs to get you through the days activities.Your body will require a certain number of calories simply to function normally. This is called your resting metabolic rate. Consuming an ample number of calories to reach your resting metabolic rate in the end will help you efficiently burn calories

A Doctor from the South Beach area of Florida has designed, developed and successfully used a diet that the average person can use and have quick results. His name is Arthur Agatston, M.D.
The program is called the South Beach Diet and and millions of

First of you must know that you did gain all of those weight because of the foods you eat. Not only that but how and when you eat your food. The first thing that you need to do is overhaul your meal plans. Create a meal plan of your own if you don't have one. You must eliminate all of the unhealthy foods that you eat, especially foods that are rich on fats and oil. Include fruits and vegetables in your meals. These are very rich in vitamins and minerals that the body needs. It is also a great source of fiber. Most important of all that you don't ever skip a meal. When you miss a meal your body goes to what they call a "starvation mode". When the body experience hunger, it will make you rebound or eat more in your next meal then instead of using the food as energy it will store the food turning it into fats. Keep your stomach guessing on when is the next meal by eating more often during the day. That doesn't mean you have to eat more. What I'm trying to say is that you should have at least 2 or 3 small snacks besides your 3 regular meals.

Nothing works on How to Lose Weight Fast more than doing a regular exercise. Most people expect that you have to go to the gym when you do some exercise. There are many ways that you could do some exercise without spending money how to lose weight fast by going into a gym. If you have a treadmill at home you could use it and start running for at least 30minutes a day. If you don't have a treadmill then you could run on the park. It is more effective if you could have your exercise before eating your breakfast. Weight lifting could not only make your muscles work but is a great way to increase your metabolism rate.

Golden Nuggets: Good <b>news</b>, bad <b>news</b> ... I love <b>news</b> - Niners Nation

Tuesday, September 7th edition of the Golden Nuggets, a daily compilation of 49ers links from around the web.

Small Business <b>News</b>: The Real Key To Economic Recovery

The real key to economic recovery isn't in the form of a piece of legislation waiting for passage in Congress or on the President's desk awaiting signature. In.

Head of ABC <b>News</b> will resign post | EW.com

ABC News President David Westin will resign his post after 13 years of service. He sent an email to staffers Monday that said while “we've put in...



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