What follows is an unflattering critique of America’s Democratic Party from one of its own. The party’s primary problems (no pun intended) sabotage its wannabe image as the Party of Change. What change? It appears to be run by well meaning if impotent, insulated and financially settled yuppies who freeze up in the […]
“Should I Move My 401K To A Money Market?”
With home values dropping, the contagion of the subprime debacle, and uncertainty in the financial markets, analysts are pointing to an economic downturn, better known as a recession. Only, recession can be a scary word. And there might be a few loopholes to get around the economic downturn. Expert’s at Bankrate.com offer these strategies for a souring economy. […]
Chinese Banks Duck Subprime Debacle
While western banks took a beating from the subprime debacle, news reports say Chinese lenders are posting profits. Somehow, Chinese stocks have been looking darn good in 2007, despite warnings of a overheating economy or a bubble in the stock markets. Apparently, financial institutions in China were able to duck the worst of the subprime mess as […]
Asian Stocks Plunge Again
The confidence in the global financial system took a beating again on the fears of defaults or risky U.S. Mortgages are far from being over. The news that J.P.Morgan would acquire its rival Bear Sterns irrespective of the value at which it is to be acquired only confirmed the fears of the analysts that the […]
Put Your Spending Down on Paper
Part 10 of a series in how to be successfully self-employed Are you like most people who look at their W-2’s each year at tax time and ask, “Where did all that money go?” You can probably sit down and figure out the big expenditures – the mortgage or rent payments and how much the […]
Kerviel Locked Up As Second Trader Questioned
The crisis at Société Générale deepened yesterday when Jérôme Kerviel, the alleged perpetrator of the biggest rogue trading scandal in financial history, was sent to prison for the duration of the investigation and a second trader was being interrogated by police. SocGen has consistently claimed that Kerviel acted alone and was solely responsible for operations […]
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