January 7th, 2009 at 05:55pm
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aconservativeedge wrote an interesting post today on
Here’s a quick excerpt
Most people are familiar in some sense many different 4 letter words in our English language. Most of those are very damaging, vulgar and considered profanity. I have discovered two that are not often categorized in that way but I have found them to be the absolute worst of the worst, most damaging, and MUST absolutely be abolished and forbidden in every case- HOPE and WHEN.
Most of you are wondering if I have gone mad probably at this point. I assure you I have not. At first glance most would categorize HOPE as a positive word- not as the worst. I have proof to the contrary. Hope takes all of the power away from the speaker. It allows for an outcome other than the goal, the positive. It is the same as saying, it would be really nice, but if not then that’s is okay. It takes away the understanding […]
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January 7th, 2009 at 05:37pm
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wrote an interesting post today on
Here’s a quick excerpt
SAN FRANCISCO (AP) — Even after sharply reducing its outlook for the fourth quarter, Intel Corp. said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted than it seemed only two months ago.
According to the AP.
Intel will miss its already-lowered 4Q targets
Wednesday January 7, 4:39 pm ET
By Jordan Robertson, AP Technology Writer
Intel chops another $500M from 4Q sales figures in sign of PC makers’ tight fists
Intel shares closed down 6 percent.
Santa Clara, Calif.-based Intel, the world’s largest chip maker, now says revenue was $8.2 billion for the last three months of 2008, a 23 percent decline from the year-ago period. Analysts surveyed by Thomson Reuters were expecting $8.7 billion, which was at the low end of the range Intel provided in November of $8.7 billion to $9.3 billion.
Intel’s profits also are being hit. It expects its […]
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January 7th, 2009 at 05:32pm
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95%BIZ wrote an interesting post today on
Here’s a quick excerpt
DETROIT (AP) — Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won’t survive the year as an independent company — despite $4 billion in government loans and the possibility of more.
According to the AP.
Is Chrysler a lost cause?
Wednesday January 7, 6:00 pm ET
By Tom Krisher and Ken Thomas, Associated Press Writers
Even after bailout loan and perhaps more help on the way, Chrysler could be facing death knell
Things were so bad last year that a single Toyota model, the Camry/Solara midsize car, outsold the entire fleet of Chrysler LLC’s passenger cars.
“Basically they’re done,” said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. “There is no real possibility of turning this thing around as an independent company in my […]
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January 7th, 2009 at 05:21pm
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95%BIZ wrote an interesting post today on
Here’s a quick excerpt
HOPKINTON, Mass. (AP) — Data storage company EMC says it expects fourth-quarter earnings to beat Wall Street expectations on growing sales.
According to the AP.
EMC says 4Q results will beat expectations
EMC, in rare bright spot for tech sector, says earnings will beat Wall Street expectations
Wednesday January 7, 2009, 5:25 pm EST
However, the Hopkinton, Mass.-based company announced it will lay off 2,400 workers, or about 7 percent of its staff, consolidate facilities and reduce costs to boost its competitiveness.
EMC, the world’s largest maker of external disk storage devices, expects adjusted earnings of 30 to 31 cents per share on sales of about $4 billion, up 4 percent from last year.
EMC’s outlook is a rare piece of good news, as most companies that rely on IT spending have been hit hard by the downturn. The company has not adjusted its sales or earnings estimates since reporting third-quarter results in October.
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January 7th, 2009 at 05:13pm
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95%BIZ wrote an interesting post today on
Here’s a quick excerpt
The TOP THREE Beacon Score Killers!
The obvious killers are bankruptcies, judgments, etc.
Payments over 30-days late
Maxing out credit cards (i.e. using over 75-80% of a high credit limit)
Interesting to note, maxing out your credit cards does not mean reaching your credit card limit but nearing your limit can hit a beacon hard as well!
If you have more than one maxed out cards, bring them at least below 50% of the limit but the magic number is below 30%. Your credit score can jump considerably in as little as a month when you pay down debt and begin managing your credit correctly!
Keep in mind, even if your credit cards are paid off in full every month AND you are still maxing out your card the bureau calculators do not consider this. The credit bureaus see only the balance last reported by the credit card company. Yes it shows […]
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January 7th, 2009 at 04:50pm
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Anne Vanidour wrote an interesting post today on
Here’s a quick excerpt
Here are some numbers out this week in the media.
$1.2 trillion - Deficit forecast for 2009
693,000 - Job losses in December 2008
$166 billion - Loss in tax revenue in 2009
Percentages (smaller numbers)
2.2% - contraction of the economy in 2009
8.3% - Deficit as a percentage of GDP
9% - Unemployment by the end of 2009
Graphjam sums it up very simply:
Contents Of Toilet at Graphjam.com
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January 7th, 2009 at 04:35pm
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wrote an interesting post today on
Here’s a quick excerpt
There have been some interesting articles published recently by Michael Lewis who has a lot to say about the inner workings of Wall Street players since he wrote Liar’s Poker two decade ago. For Portfolio and the New York Times, he chronicles the end of the financial world as we know it, with some interesting insights– for example, even in the chaos of our current financial meltdown, why does much of the world still look to the United States for guidance on money matters? I’m looking forward to Lewis’s next book.
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January 7th, 2009 at 04:05pm
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Cynthya wrote an interesting post today on
Here’s a quick excerpt
Wow. I am now stupider for having clicked on this link.
http://www.redneckbank.com/
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January 7th, 2009 at 04:05pm
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onthesamepaige wrote an interesting post today on
Here’s a quick excerpt
CNN reports that two leading publishers of porno in USA - Larry Flynt (Hustler) and Joe Francis (Girls Gone Wild) - is asking the government for a bailout.
http://politicalticker.blogs.cnn.com/2009/01/07/porn-industry-seeks-federal-bailout/
Comments to this has mostly been either vehemently against the idea, or think its a joke.
The arguments against bailing them out is not because the sum they are asking is absurd (5 billion UDS) or that they are actually not suffering in the economic crisis (actually porn is one of the last things to fall) but because ITS PORN. Its PORN, people!!! We can’t help porn-mongers! They will burn in hell and if we help them, so will we… Well that seems to be the jest of it.
A large part of the US population simply cannot accept that the government would grant financial help to porn-companies, whether this companies are suffering or not (”it’s great if they suffer and die” is what they say, but hide that […]
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January 7th, 2009 at 03:57pm
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pernordin wrote an interesting post today on
Here’s a quick excerpt
By now it is beyond doubt. Folks following the common advice from the financial planning industry are in trouble. It is clear that the accumulated wealth for folks approaching retirement is nowhere near the amount needed to retire comfortably. This despite most families having two incomes. What went wrong?
I believe there are several area’s of failure. Most of the models of financial planning over estimated the amount of years folks would have the luxury of saving and investing. The models assumed an average time of 35 years for this accumulation phase or roughly from age 30 to 65. But the actual data demonstrates that families really only have 20 years to accumulate. Rare is the individual who has disposable income in their twenties and thirties that is not dedicated to purchasing a home, building a reserve fund, or starting a family. This age cohort is too busy trying to establish a […]
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