Thursday, October 14, 2010

Making Money on Line



When it switched to glossy, the Chronicle circulated around 251,782 weekday papers, a 26-percent drop from the previous year. By March 2010, weekday circulation was down to 241,330. The economy certainly takes part of the blame, but the marketing power of a classier kind of newsprint doesn’t seem to be having much of an impact. It costs about 30 percent more to print on the new heat-set presses, which are rare (and expensive) in the newspaper industry.


“On the ad side, advertisers have not responded to it at all,” Adkins says, although the Chronicle wouldn’t reveal specific ad revenue numbers. When the Chronicle switched to glossy, it had “no advertisers lined up,” Adkins adds. The move was primarily aimed at consumers, to present a more luxurious product. But to some extent, that’s what the Chronicle expected when it restructured its business model around readership and circulation revenue, rather than advertising, almost two years ago. Even before the arrival of glossy stock, the paper had increased single-copy and subscription prices. Readers have responded favorably to the new paper, Adkins says, but they’re shouldering more of the production cost.


But back when the shift was made, Adkins also emphasized the appeal to advertisers, leading the San Francisco Business Times to write: “Without naming names, Adkins said that some advertisers who are now playing ball with the Chronicle wouldn’t before. They shunned newspaper ads because ‘they don’t deliver the brand image they require,’ he said — an obstacle the Chron’s new paper removes.”


“People are definitely and truly intrigued when they see copies of the Chronicle,” says Chuck Moozakis, editor of the print innovation monthly Newspapers & Technology. “The paper is trying to send a signal that you can have a newspaper that looks like this and not like that. But it’s a challenge now.”


Harvard's Greg Mankiw turns his economist's microscope
back on himself in the New York Times to uncover
truths about productivity and taxation. To wit, if you tax
something, you'll likely get less of it:



AN important issue dividing the political parties is whether to
raise taxes on those earning more than $250,000 a year....


I have to acknowledge that the Democrats are right about one
thing: I can afford to pay more in taxes. My income is not in the
same league as superstar actors and hedge fund managers, but I have
been very lucky nonetheless....


Nonetheless, as Republicans emphasize, taxes influence the
decisions I make. I am regularly offered opportunities to earn
extra money. It could be by talking to a business group, consulting
on a legal case, giving a guest lecture, teaching summer school or
writing an article. I turn down most but accept a few....


Suppose that some editor offered me $1,000 to write an article.
If there were no taxes of any kind, this $1,000 of income would
translate into $1,000 in extra saving. If I invested it in the
stock of a company that earned, say, 8 percent a year on its
capital, then 30 years from now, when I pass on, my children would
inherit about $10,000. That is simply the miracle of
compounding.


Now let’s put taxes into the calculus. First, assuming that
the Bush tax
cuts expire, I would pay 39.6 percent in federal income
taxes on that extra income. Beyond that, the phaseout of deductions
adds 1.2 percentage points to my effective marginal tax rate. I
also pay Medicare tax,
which the recent health care bill is raising to 3.8 percent,
starting in 2013. And in Massachusetts, I pay 5.3 percent in state
income taxes, part of which I get back as a federal deduction.
Putting all those taxes together, that $1,000 of pretax income
becomes only $523 of saving.


And that saving no longer earns 8 percent. First, the
corporation in which I have invested pays a 35 percent corporate
tax on its earnings. So I get only 5.2 percent in dividends and
capital gains. Then, on that income, I pay taxes at the federal and
state level. As a result, I earn about 4 percent after taxes, and
the $523 in saving grows to $1,700 after 30 years.


Then, when my children inherit the money, the estate
tax will kick in. The marginal estate tax rate is
scheduled to go as high as 55 percent next year, but Congress may
reduce it a bit. Most likely, when that $1,700 enters my estate, my
kids will get, at most, $1,000 of it.


HERE’S the bottom line: Without any taxes, accepting that
editor’s assignment would have yielded my children an extra
$10,000. With taxes, it yields only $1,000. In effect, once the
entire tax system is taken into account, my family’s marginal tax
rate is about 90 percent. Is it any wonder that I turn down most of
the money-making opportunities I am offered?....


Now you might not care if I supply less of my services to the
marketplace — although, because you are reading this article, you
are one of my customers. But I bet there are some high-income
taxpayers whose services you enjoy.


Maybe you are looking forward to a particular actor’s next movie
or a particular novelist’s next book. Perhaps you wish that your
favorite singer would have a concert near where you live. Or,
someday, you may need treatment from a highly trained surgeon, or
your child may need braces from the local orthodontist. Like me,
these individuals respond to incentives. (Indeed, some
studies report that high-income taxpayers are particularly
responsive to taxes.) As they face higher tax rates, their services
will be in shorter supply.


....don’t let anyone fool you into thinking that when the
government taxes the rich, only the rich bear the burden.



I have found that these sort of arguments have absolutely no
impact on most people who want to soak the rich to help the state,
but there it is, and it seems true.


Dr. eric seiger

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


eric seiger dermatology

When it switched to glossy, the Chronicle circulated around 251,782 weekday papers, a 26-percent drop from the previous year. By March 2010, weekday circulation was down to 241,330. The economy certainly takes part of the blame, but the marketing power of a classier kind of newsprint doesn’t seem to be having much of an impact. It costs about 30 percent more to print on the new heat-set presses, which are rare (and expensive) in the newspaper industry.


“On the ad side, advertisers have not responded to it at all,” Adkins says, although the Chronicle wouldn’t reveal specific ad revenue numbers. When the Chronicle switched to glossy, it had “no advertisers lined up,” Adkins adds. The move was primarily aimed at consumers, to present a more luxurious product. But to some extent, that’s what the Chronicle expected when it restructured its business model around readership and circulation revenue, rather than advertising, almost two years ago. Even before the arrival of glossy stock, the paper had increased single-copy and subscription prices. Readers have responded favorably to the new paper, Adkins says, but they’re shouldering more of the production cost.


But back when the shift was made, Adkins also emphasized the appeal to advertisers, leading the San Francisco Business Times to write: “Without naming names, Adkins said that some advertisers who are now playing ball with the Chronicle wouldn’t before. They shunned newspaper ads because ‘they don’t deliver the brand image they require,’ he said — an obstacle the Chron’s new paper removes.”


“People are definitely and truly intrigued when they see copies of the Chronicle,” says Chuck Moozakis, editor of the print innovation monthly Newspapers & Technology. “The paper is trying to send a signal that you can have a newspaper that looks like this and not like that. But it’s a challenge now.”


Harvard's Greg Mankiw turns his economist's microscope
back on himself in the New York Times to uncover
truths about productivity and taxation. To wit, if you tax
something, you'll likely get less of it:



AN important issue dividing the political parties is whether to
raise taxes on those earning more than $250,000 a year....


I have to acknowledge that the Democrats are right about one
thing: I can afford to pay more in taxes. My income is not in the
same league as superstar actors and hedge fund managers, but I have
been very lucky nonetheless....


Nonetheless, as Republicans emphasize, taxes influence the
decisions I make. I am regularly offered opportunities to earn
extra money. It could be by talking to a business group, consulting
on a legal case, giving a guest lecture, teaching summer school or
writing an article. I turn down most but accept a few....


Suppose that some editor offered me $1,000 to write an article.
If there were no taxes of any kind, this $1,000 of income would
translate into $1,000 in extra saving. If I invested it in the
stock of a company that earned, say, 8 percent a year on its
capital, then 30 years from now, when I pass on, my children would
inherit about $10,000. That is simply the miracle of
compounding.


Now let’s put taxes into the calculus. First, assuming that
the Bush tax
cuts expire, I would pay 39.6 percent in federal income
taxes on that extra income. Beyond that, the phaseout of deductions
adds 1.2 percentage points to my effective marginal tax rate. I
also pay Medicare tax,
which the recent health care bill is raising to 3.8 percent,
starting in 2013. And in Massachusetts, I pay 5.3 percent in state
income taxes, part of which I get back as a federal deduction.
Putting all those taxes together, that $1,000 of pretax income
becomes only $523 of saving.


And that saving no longer earns 8 percent. First, the
corporation in which I have invested pays a 35 percent corporate
tax on its earnings. So I get only 5.2 percent in dividends and
capital gains. Then, on that income, I pay taxes at the federal and
state level. As a result, I earn about 4 percent after taxes, and
the $523 in saving grows to $1,700 after 30 years.


Then, when my children inherit the money, the estate
tax will kick in. The marginal estate tax rate is
scheduled to go as high as 55 percent next year, but Congress may
reduce it a bit. Most likely, when that $1,700 enters my estate, my
kids will get, at most, $1,000 of it.


HERE’S the bottom line: Without any taxes, accepting that
editor’s assignment would have yielded my children an extra
$10,000. With taxes, it yields only $1,000. In effect, once the
entire tax system is taken into account, my family’s marginal tax
rate is about 90 percent. Is it any wonder that I turn down most of
the money-making opportunities I am offered?....


Now you might not care if I supply less of my services to the
marketplace — although, because you are reading this article, you
are one of my customers. But I bet there are some high-income
taxpayers whose services you enjoy.


Maybe you are looking forward to a particular actor’s next movie
or a particular novelist’s next book. Perhaps you wish that your
favorite singer would have a concert near where you live. Or,
someday, you may need treatment from a highly trained surgeon, or
your child may need braces from the local orthodontist. Like me,
these individuals respond to incentives. (Indeed, some
studies report that high-income taxpayers are particularly
responsive to taxes.) As they face higher tax rates, their services
will be in shorter supply.


....don’t let anyone fool you into thinking that when the
government taxes the rich, only the rich bear the burden.



I have found that these sort of arguments have absolutely no
impact on most people who want to soak the rich to help the state,
but there it is, and it seems true.


eric seiger dermatology

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


skin

and vein center


eric seiger dermatology

How to Make Money from Home - 50 Home Business Clarity Questions by Alexis Yadav


eric seiger dermatologist

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


eric seiger dermatology

When it switched to glossy, the Chronicle circulated around 251,782 weekday papers, a 26-percent drop from the previous year. By March 2010, weekday circulation was down to 241,330. The economy certainly takes part of the blame, but the marketing power of a classier kind of newsprint doesn’t seem to be having much of an impact. It costs about 30 percent more to print on the new heat-set presses, which are rare (and expensive) in the newspaper industry.


“On the ad side, advertisers have not responded to it at all,” Adkins says, although the Chronicle wouldn’t reveal specific ad revenue numbers. When the Chronicle switched to glossy, it had “no advertisers lined up,” Adkins adds. The move was primarily aimed at consumers, to present a more luxurious product. But to some extent, that’s what the Chronicle expected when it restructured its business model around readership and circulation revenue, rather than advertising, almost two years ago. Even before the arrival of glossy stock, the paper had increased single-copy and subscription prices. Readers have responded favorably to the new paper, Adkins says, but they’re shouldering more of the production cost.


But back when the shift was made, Adkins also emphasized the appeal to advertisers, leading the San Francisco Business Times to write: “Without naming names, Adkins said that some advertisers who are now playing ball with the Chronicle wouldn’t before. They shunned newspaper ads because ‘they don’t deliver the brand image they require,’ he said — an obstacle the Chron’s new paper removes.”


“People are definitely and truly intrigued when they see copies of the Chronicle,” says Chuck Moozakis, editor of the print innovation monthly Newspapers & Technology. “The paper is trying to send a signal that you can have a newspaper that looks like this and not like that. But it’s a challenge now.”


Harvard's Greg Mankiw turns his economist's microscope
back on himself in the New York Times to uncover
truths about productivity and taxation. To wit, if you tax
something, you'll likely get less of it:



AN important issue dividing the political parties is whether to
raise taxes on those earning more than $250,000 a year....


I have to acknowledge that the Democrats are right about one
thing: I can afford to pay more in taxes. My income is not in the
same league as superstar actors and hedge fund managers, but I have
been very lucky nonetheless....


Nonetheless, as Republicans emphasize, taxes influence the
decisions I make. I am regularly offered opportunities to earn
extra money. It could be by talking to a business group, consulting
on a legal case, giving a guest lecture, teaching summer school or
writing an article. I turn down most but accept a few....


Suppose that some editor offered me $1,000 to write an article.
If there were no taxes of any kind, this $1,000 of income would
translate into $1,000 in extra saving. If I invested it in the
stock of a company that earned, say, 8 percent a year on its
capital, then 30 years from now, when I pass on, my children would
inherit about $10,000. That is simply the miracle of
compounding.


Now let’s put taxes into the calculus. First, assuming that
the Bush tax
cuts expire, I would pay 39.6 percent in federal income
taxes on that extra income. Beyond that, the phaseout of deductions
adds 1.2 percentage points to my effective marginal tax rate. I
also pay Medicare tax,
which the recent health care bill is raising to 3.8 percent,
starting in 2013. And in Massachusetts, I pay 5.3 percent in state
income taxes, part of which I get back as a federal deduction.
Putting all those taxes together, that $1,000 of pretax income
becomes only $523 of saving.


And that saving no longer earns 8 percent. First, the
corporation in which I have invested pays a 35 percent corporate
tax on its earnings. So I get only 5.2 percent in dividends and
capital gains. Then, on that income, I pay taxes at the federal and
state level. As a result, I earn about 4 percent after taxes, and
the $523 in saving grows to $1,700 after 30 years.


Then, when my children inherit the money, the estate
tax will kick in. The marginal estate tax rate is
scheduled to go as high as 55 percent next year, but Congress may
reduce it a bit. Most likely, when that $1,700 enters my estate, my
kids will get, at most, $1,000 of it.


HERE’S the bottom line: Without any taxes, accepting that
editor’s assignment would have yielded my children an extra
$10,000. With taxes, it yields only $1,000. In effect, once the
entire tax system is taken into account, my family’s marginal tax
rate is about 90 percent. Is it any wonder that I turn down most of
the money-making opportunities I am offered?....


Now you might not care if I supply less of my services to the
marketplace — although, because you are reading this article, you
are one of my customers. But I bet there are some high-income
taxpayers whose services you enjoy.


Maybe you are looking forward to a particular actor’s next movie
or a particular novelist’s next book. Perhaps you wish that your
favorite singer would have a concert near where you live. Or,
someday, you may need treatment from a highly trained surgeon, or
your child may need braces from the local orthodontist. Like me,
these individuals respond to incentives. (Indeed, some
studies report that high-income taxpayers are particularly
responsive to taxes.) As they face higher tax rates, their services
will be in shorter supply.


....don’t let anyone fool you into thinking that when the
government taxes the rich, only the rich bear the burden.



I have found that these sort of arguments have absolutely no
impact on most people who want to soak the rich to help the state,
but there it is, and it seems true.


eric seiger dermatology

How to Make Money from Home - 50 Home Business Clarity Questions by Alexis Yadav


eric seiger dermatology

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


eric seiger

How to Make Money from Home - 50 Home Business Clarity Questions by Alexis Yadav


eric seiger do

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


eric seiger do

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


eric seiger dermatology

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


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How to Make Money from Home - 50 Home Business Clarity Questions by Alexis Yadav


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WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


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I AM NO EXPERT!

That's right, you read correctly, I am not an expert and I am not ashamed to admit it. So, if you are reading this article in hopes of gaining some tried and true proven method to make money online, STOP! You will be very disappointed!

If you are reading this because you are looking for someone who is as perplexed and discouraged with all of the scams and false promises on the internet...by all means keep on, reading on.

WHO IS THIS NON-EXPERT?


Let me tell you a little about me. I taught science for 5 years. I have three children. Last but not least, I want to stay home with my kids. At the same time, I do not want to leave the entire financial burden on my husband. Sound like anybody else out there?

THE TOUGHEST ONE WORD QUESTION-HOW?

How does a person sit home and make a substantial, sustainable income? I have been at this for all of about three weeks now. My mind is in complete overload with all of the information that I have come across. One thing I can definitely tell you with 100% complete confidence is making money on-line takes work. There is no get rich quick method. It has been 3 weeks. I have made $6.31. I am very, very far from rich. Anybody who tries to tell you otherwise is trying to deceive you and line their own pockets.

You see, I am just like you. I do not want to pay money for products that promise instant money overnight. I am trying hard to not get caught up with the newest, prettiest, shiniest product. I must admit that it is hard. Don't you get caught up either.

DON'T DO WHAT I DID

Before you purchase anything, make sure you are familiar with the company's refund policy. Do they offer one? If so, how easy is it to get a refund? If there is a phone number, dial it to make sure it works. Send an email and see how quickly you get a response. These three simple steps will save you a lot of heart ache in the event you need a refund.

START WITH ASSOCIATED CONTENT

As of the publishing of this article, I have earned $6.31 with Associated Content. It may not be much but it will eventually bring a steady income. My goal is to write an article a day. I keep my paper and pencil with me at all times. Any ideas that I have I jot them down. Now, do I use all of my ideas? No, there are a lot that seem great at the moment, but when I sit to write, I think to myself, "What was I thinking?"

When Associated Content put that first $3.02 in my PayPal account I was ecstatic! That was all I needed to get started. This is my fifth article and I have many ideas for more.

IN CONCLUSION

Start with Associated Content. Write what you know about. Write what you have a passion for. Write about what makes you mad, what makes you laugh, what makes you cry. Write, write, and write.

SEE YOU NEXT TIME

I will be keeping a weekly journal on my success. Stay tuned for part two...




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WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


big seminar 14

WaterField Designs unveils iPad Wallet case | iLounge <b>News</b>

iLounge news discussing the WaterField Designs unveils iPad Wallet case. Find more iPad Accessories news from leading independent iPod, iPhone, and iPad site.

CDMA iPhone <b>news</b>: Verizon&#39;s network is ready and India wants <b>...</b>

Oct. 13, 2010 - The Wall Street Journal is all about the iPhone these days. The publication recently posted about how Verizon will be getting the iPhone in 2011 and they've.

Today&#39;s <b>News</b>: a slick unofficial iPad app for The Guardian newspaper

When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...


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Monday, October 11, 2010

Making Money Without





Your credit can determine interest rates for loans, as well as whether or not you'll qualify for credit in the first place. Employers also ask you to let them run credit checks on you to see if you're reliable. So it's in your best interests to avoid making mistakes that will ruin your credit rating.



Posting at Financial Edge, personal finance blogger Fabulously Broke puts you at ease by identifying several blunders that won't torpedo your credit score. Here are a few of our favorites:



*Making too much or too little money. Income does not affect credit ratings.



*Late payments to utilities and phone companies. You'll want to check with the laws and procedures in your own state, but in general utilities don't report your payment history to credit agencies. On the other hand, if your bills go to collections, a collections agent will tattle on you.



*Checking your own credit. Credit checks from outside sources make it seem as though you may be applying for more credit, but checks of your own credit won't draw red flags.



*Having loans with high interest rates. It's your credit rating that affects your interest rates and not the other way around.



Check out the rest of the post at the link below for other mistakes that won't damage your credit.



For more information about free credit reports, go to the FTC at FTC.gov/freereports

8 Slipups That Won't Hurt Your Credit Score [Financial Edge]







The New York Times reports this morning ("TARP Bailout to Cost Less Than Once Anticipated") that the true cost of TARP will be less than $50 billion. I find this type of reporting to be incredibly misleading and deceitful. Focusing solely on TARP and ignoring the other more costly portions of the government bailout of our biggest banks and corporations ignores the true cost of the government's (both the Bush and Obama administrations, the Fed and Congress) inept response to this crisis. One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.



By claiming a narrow TARP success, the Times attempts to invalidate citizen anger at the bailout by making it appear that the electorate is somehow misinformed about its costs or is just plain stupid. Nothing could be further from the truth. Claiming that TARP was successful, but ignoring the much larger and more relevant costs of other areas of the government bailout is like claiming the voyage of the Titanic was successful because many of the lifeboats were recovered. It is important to remember that the ship sunk.



Here are my estimates of some of the total costs to American consumers and taxpayers of the entire government bailout. Many of these costs could have been absorbed by creditors and lenders to these highly leveraged large banks and financial institutions without involving taxpayer funds, but both administrations instead chose to stick it to the electorate rather than risk alienating their biggest corporate and wealthy campaign donors.



Estimated Total Costs of Bailout



  • Fannie and Freddie bailout = $700 billion estimated, at least, on their $5 trillion portfolio.


  • Federal Reserve's increased printing of money to fund purchase of mortgage securities in market and bad assets from banks (which directly leads to an equal amount of inflation, a hidden tax on consumers and savers) = $2 trillion.


  • Eventual FDIC losses = $500 billion.


  • Credit union guarantees = $50 billion.


  • Present value cost of lost interest income to US retirees and other savers due to government's zero interest rate policy = $2 trillion.


  • Present value cost of additional high unemployment and lost wages caused by government's focusing on bank and Wall Street profitability first, rather than on job creation = $5 trillion.


  • Total loss in housing values due to inappropriate response to overbuilding and high foreclosure problem = $4 trillion (a fraction of the total housing value loss of10 trillion, much of which was necessary to return to non-bubble levels).


  • Cost of future bad loans created since 2008 by Fannnie, Freddie and FHA by continuing to lend aggressively into declining real estate markets = $300 billion.


  • Wasted stimulus money (Where exactly did this money go and what do we have to show for it?) = $300 billion.


  • Total estimated cost of government bailout = $14.85 trillion.



This is more than an entire year's economic output for the entire country. It is as if we Americans worked an entire year for free to pay for our government's inappropriate response to this crisis.



I am not saying that government caused the crisis by itself. I do believe that Wall Street and the big banks are mostly to blame. But government does have to accept responsibility for its inept response to the crisis and the fact that they burdened the US taxpayer with most of its cost rather than the debt and equity investors in these corrupt financial institutions.



John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, "The Coming Crash in the Housing Market", in January 2006, "Sell Now! The End of the Housing Bubble" and in 2008, "Contagion: The Financial Epidemic that is Sweeping the Global Economy".







eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger




Your credit can determine interest rates for loans, as well as whether or not you'll qualify for credit in the first place. Employers also ask you to let them run credit checks on you to see if you're reliable. So it's in your best interests to avoid making mistakes that will ruin your credit rating.



Posting at Financial Edge, personal finance blogger Fabulously Broke puts you at ease by identifying several blunders that won't torpedo your credit score. Here are a few of our favorites:



*Making too much or too little money. Income does not affect credit ratings.



*Late payments to utilities and phone companies. You'll want to check with the laws and procedures in your own state, but in general utilities don't report your payment history to credit agencies. On the other hand, if your bills go to collections, a collections agent will tattle on you.



*Checking your own credit. Credit checks from outside sources make it seem as though you may be applying for more credit, but checks of your own credit won't draw red flags.



*Having loans with high interest rates. It's your credit rating that affects your interest rates and not the other way around.



Check out the rest of the post at the link below for other mistakes that won't damage your credit.



For more information about free credit reports, go to the FTC at FTC.gov/freereports

8 Slipups That Won't Hurt Your Credit Score [Financial Edge]







The New York Times reports this morning ("TARP Bailout to Cost Less Than Once Anticipated") that the true cost of TARP will be less than $50 billion. I find this type of reporting to be incredibly misleading and deceitful. Focusing solely on TARP and ignoring the other more costly portions of the government bailout of our biggest banks and corporations ignores the true cost of the government's (both the Bush and Obama administrations, the Fed and Congress) inept response to this crisis. One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.



By claiming a narrow TARP success, the Times attempts to invalidate citizen anger at the bailout by making it appear that the electorate is somehow misinformed about its costs or is just plain stupid. Nothing could be further from the truth. Claiming that TARP was successful, but ignoring the much larger and more relevant costs of other areas of the government bailout is like claiming the voyage of the Titanic was successful because many of the lifeboats were recovered. It is important to remember that the ship sunk.



Here are my estimates of some of the total costs to American consumers and taxpayers of the entire government bailout. Many of these costs could have been absorbed by creditors and lenders to these highly leveraged large banks and financial institutions without involving taxpayer funds, but both administrations instead chose to stick it to the electorate rather than risk alienating their biggest corporate and wealthy campaign donors.



Estimated Total Costs of Bailout



  • Fannie and Freddie bailout = $700 billion estimated, at least, on their $5 trillion portfolio.


  • Federal Reserve's increased printing of money to fund purchase of mortgage securities in market and bad assets from banks (which directly leads to an equal amount of inflation, a hidden tax on consumers and savers) = $2 trillion.


  • Eventual FDIC losses = $500 billion.


  • Credit union guarantees = $50 billion.


  • Present value cost of lost interest income to US retirees and other savers due to government's zero interest rate policy = $2 trillion.


  • Present value cost of additional high unemployment and lost wages caused by government's focusing on bank and Wall Street profitability first, rather than on job creation = $5 trillion.


  • Total loss in housing values due to inappropriate response to overbuilding and high foreclosure problem = $4 trillion (a fraction of the total housing value loss of10 trillion, much of which was necessary to return to non-bubble levels).


  • Cost of future bad loans created since 2008 by Fannnie, Freddie and FHA by continuing to lend aggressively into declining real estate markets = $300 billion.


  • Wasted stimulus money (Where exactly did this money go and what do we have to show for it?) = $300 billion.


  • Total estimated cost of government bailout = $14.85 trillion.



This is more than an entire year's economic output for the entire country. It is as if we Americans worked an entire year for free to pay for our government's inappropriate response to this crisis.



I am not saying that government caused the crisis by itself. I do believe that Wall Street and the big banks are mostly to blame. But government does have to accept responsibility for its inept response to the crisis and the fact that they burdened the US taxpayer with most of its cost rather than the debt and equity investors in these corrupt financial institutions.



John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, "The Coming Crash in the Housing Market", in January 2006, "Sell Now! The End of the Housing Bubble" and in 2008, "Contagion: The Financial Epidemic that is Sweeping the Global Economy".







eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger

eric seiger

prints for sale. by .sophie.wilson.


eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger




Your credit can determine interest rates for loans, as well as whether or not you'll qualify for credit in the first place. Employers also ask you to let them run credit checks on you to see if you're reliable. So it's in your best interests to avoid making mistakes that will ruin your credit rating.



Posting at Financial Edge, personal finance blogger Fabulously Broke puts you at ease by identifying several blunders that won't torpedo your credit score. Here are a few of our favorites:



*Making too much or too little money. Income does not affect credit ratings.



*Late payments to utilities and phone companies. You'll want to check with the laws and procedures in your own state, but in general utilities don't report your payment history to credit agencies. On the other hand, if your bills go to collections, a collections agent will tattle on you.



*Checking your own credit. Credit checks from outside sources make it seem as though you may be applying for more credit, but checks of your own credit won't draw red flags.



*Having loans with high interest rates. It's your credit rating that affects your interest rates and not the other way around.



Check out the rest of the post at the link below for other mistakes that won't damage your credit.



For more information about free credit reports, go to the FTC at FTC.gov/freereports

8 Slipups That Won't Hurt Your Credit Score [Financial Edge]







The New York Times reports this morning ("TARP Bailout to Cost Less Than Once Anticipated") that the true cost of TARP will be less than $50 billion. I find this type of reporting to be incredibly misleading and deceitful. Focusing solely on TARP and ignoring the other more costly portions of the government bailout of our biggest banks and corporations ignores the true cost of the government's (both the Bush and Obama administrations, the Fed and Congress) inept response to this crisis. One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.



By claiming a narrow TARP success, the Times attempts to invalidate citizen anger at the bailout by making it appear that the electorate is somehow misinformed about its costs or is just plain stupid. Nothing could be further from the truth. Claiming that TARP was successful, but ignoring the much larger and more relevant costs of other areas of the government bailout is like claiming the voyage of the Titanic was successful because many of the lifeboats were recovered. It is important to remember that the ship sunk.



Here are my estimates of some of the total costs to American consumers and taxpayers of the entire government bailout. Many of these costs could have been absorbed by creditors and lenders to these highly leveraged large banks and financial institutions without involving taxpayer funds, but both administrations instead chose to stick it to the electorate rather than risk alienating their biggest corporate and wealthy campaign donors.



Estimated Total Costs of Bailout



  • Fannie and Freddie bailout = $700 billion estimated, at least, on their $5 trillion portfolio.


  • Federal Reserve's increased printing of money to fund purchase of mortgage securities in market and bad assets from banks (which directly leads to an equal amount of inflation, a hidden tax on consumers and savers) = $2 trillion.


  • Eventual FDIC losses = $500 billion.


  • Credit union guarantees = $50 billion.


  • Present value cost of lost interest income to US retirees and other savers due to government's zero interest rate policy = $2 trillion.


  • Present value cost of additional high unemployment and lost wages caused by government's focusing on bank and Wall Street profitability first, rather than on job creation = $5 trillion.


  • Total loss in housing values due to inappropriate response to overbuilding and high foreclosure problem = $4 trillion (a fraction of the total housing value loss of10 trillion, much of which was necessary to return to non-bubble levels).


  • Cost of future bad loans created since 2008 by Fannnie, Freddie and FHA by continuing to lend aggressively into declining real estate markets = $300 billion.


  • Wasted stimulus money (Where exactly did this money go and what do we have to show for it?) = $300 billion.


  • Total estimated cost of government bailout = $14.85 trillion.



This is more than an entire year's economic output for the entire country. It is as if we Americans worked an entire year for free to pay for our government's inappropriate response to this crisis.



I am not saying that government caused the crisis by itself. I do believe that Wall Street and the big banks are mostly to blame. But government does have to accept responsibility for its inept response to the crisis and the fact that they burdened the US taxpayer with most of its cost rather than the debt and equity investors in these corrupt financial institutions.



John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, "The Coming Crash in the Housing Market", in January 2006, "Sell Now! The End of the Housing Bubble" and in 2008, "Contagion: The Financial Epidemic that is Sweeping the Global Economy".







eric seiger

prints for sale. by .sophie.wilson.


eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger

prints for sale. by .sophie.wilson.


eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


eric seiger

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


how to lose weight fast big seminar 14
big seminar 14

prints for sale. by .sophie.wilson.


big seminar 14
big seminar 14

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


big seminar 14

I have been on a hunt to find ways to make money online. I wasn't after a get rich quick scheme or "easy" money, I was willing to work hard for my money. This is when I came across Helium.

Helium.com is a knowledge for the people by the people type of website. You write what you know (hopefully, though it appears that not all do this) and the idea behind it is you build Helium and it's article database while at the same time making money through revenue sharing. The idea was instantly appealing to me. I figured I could do that! Well, here is the full scoop on Helium.com, how it works, how you make money, features, and potential.

Write
First, Helium has you write. There are thousands of topics to choose from. It is easy to find something to write on. You just pick a title in a category that interests you and write. Write what you know, write what you want to research about, write it all. Their site is easy to use, easy to navigate, and their system is easy to write into. Click the publish button and you are published. Here is the big thing you need to know. There are often several people who write under the same title (sometimes even dozens or hundreds depending on the title popularity). Therefore the member rating becomes very important to you.

Rate.
After you publish your article you will be sent to a rate page. This gives you two articles side by side to compare. You choose which of the two is better and by how much. Then you compare another article to the one you choose as best. Through this process Helium rates the articles from one to how many ever there are in the title. What this means to the writer is, the higher up you are on the list the more views you are likely to get. There is some belief that you have to rate in order for your articles to be rated. I don't know if this is true, but it often feels like it is true.

Getting Paid.
Making money with Helium isn't that easy. You are given what Helium calls a "significant amount" of the advertising money that Helium makes. You are paid according to how many views, how highly your article is rated, and how much money Helium brings in. However, Helium never tells you how many views you have, nor how much money they are making. You have no real way of knowing which articles will make money and when they will do that (since you have so little data to work with). However, you will begin to see money added to your account, penny by penny. It is a very slow trickle. Some articles will make a dollar in one month, others one penny, and still others, nothing.

Once you have reached twenty five dollars you can request a payment. Payment is sent via PayPal at the beginning of the following month. A few claim that Helium has been kicking people off who have been accused of plagiarism right before they were going to get large sums of money. I have seen no real evidence of that and figure that if they did get kicked off without payment due to plagiarism, they probably did the horrible deed and paid the price.

Other Features of Interest.
Making money on Helium is often a slow process. However they have two options that can make it faster (three if you are a college student). There are contests that run. You write on the topics that they suggest. Get rated. Get positive points when you are in the top 50%, and negative points for the bottom 50%. Your points for the contest are then added up and the top six get money. This changes every now and again to mix things up. But each contest usually has 25 articles. One strategy is to write as much as you can and see how it does for you. This seems to be a strategy many people employ and many do well with. If you are a college student (with a college e-mail address that ends with .edu) then you can also participate in their college writing contests which have some very large rewards.

The other interesting feature is the marketplace. This is where you can submit your articles to topics that magazines and or other publishers are seeking articles for. This has the potential to make you money and get you published. I haven't found a topic that I would like to write on here, but it is growing each month and appears to be gaining popularity among publishers.

The Add Up
Pennies don't make much, so in order to make a lot of money you have to have a ton of articles. However, this is possible. In theory once you had a lot of articles it could be a semi-passive income (you would make money with little work and little effort). Your articles make you money as long as you have an active account (which is done by posting one or more articles every 180 days). So, you could make money while writing one article a month (or every six months). This is appealing, and in theory can be done. I have not yet reached a large enough base of articles to do this, however each month I have made more money (though just pennies) then the month before.

If participating in the market place or the contests you could make a decent sum of money now and still continue to get pennies from your articles in the future. I won second place on one contest ($25) and those articles continue adding to my pennies each month.

Helium.com isn't an easy way to make money, however there is some money to be made if you have the desire to work at it, enjoy writing (and with the titles prompting you to write they make easy warm ups!), or you are looking for a simple way to grow a semi-passive income over the years ahead it looks like this is a great way to go. Helium has been around for a year now and show no signs of going or even slowing. If it sounds good to you, get on board and start your pennies rolling in today!


big seminar 14

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


big seminar 14

Fox <b>News</b> - Fox Business | New Ad | Two Networks - Solve | Mediaite

Back in June, a Fox Business Network promo featured only Fox News stars, touting the new financial channel. Now there's a new marketing strategy out, in ads playing on News Corp. cable news networks but also across the dial, ...

Call of Duty DS dev &quot;down but not out&quot; DS <b>News</b> - Page 1 <b>...</b>

Read our DS news of Call of Duty DS dev. ... Latest News. Treyarch supports Medal of Honor team . Chrysler issues Call of Duty Jeep . Activision has no plans for online fees . Release Date 9/11/2010; More on Call of Duty: ...

October 10th: Astronomy in the <b>News</b>

(http://www.geodesium.com) Description: Carolyn Collins Petersen, TheSpacewriter, looks at recent astro-news. Bio: Carolyn Collins Petersen is a science writer and show producer, as well as vice-president of Loch Ness Productions, ...


big seminar 14




















































Wednesday, October 6, 2010

Making Money Scams


The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








robert shumake

Target doing poor job of selling the iPad? | iLounge <b>News</b>

iLounge news discussing the Target doing poor job of selling the iPad?. Find more iPad news from leading independent iPod, iPhone, and iPad site.

Gates Foundation Backs ABC <b>News</b> Project - NYTimes.com

The Gates Foundation gives a $1.5 million grant to ABC News to support the network's reporting on various global health crises.

The Hockey <b>News</b>: Special Features: VIDEO: THN Puck Panel - Was <b>...</b>

Mike Cammalleri was suspended one regular season game for a slash on Nino Niederreiter, but was the rookie's initial hit a mitigating factor? The THN Puck Panel, with Jason Kay and Ryan Kennedy, discusses the incident.


robert shumake

Target doing poor job of selling the iPad? | iLounge <b>News</b>

iLounge news discussing the Target doing poor job of selling the iPad?. Find more iPad news from leading independent iPod, iPhone, and iPad site.

Gates Foundation Backs ABC <b>News</b> Project - NYTimes.com

The Gates Foundation gives a $1.5 million grant to ABC News to support the network's reporting on various global health crises.

The Hockey <b>News</b>: Special Features: VIDEO: THN Puck Panel - Was <b>...</b>

Mike Cammalleri was suspended one regular season game for a slash on Nino Niederreiter, but was the rookie's initial hit a mitigating factor? The THN Puck Panel, with Jason Kay and Ryan Kennedy, discusses the incident.



cashgift by j91romero


robert shumake

The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








robert shumake

Target doing poor job of selling the iPad? | iLounge <b>News</b>

iLounge news discussing the Target doing poor job of selling the iPad?. Find more iPad news from leading independent iPod, iPhone, and iPad site.

Gates Foundation Backs ABC <b>News</b> Project - NYTimes.com

The Gates Foundation gives a $1.5 million grant to ABC News to support the network's reporting on various global health crises.

The Hockey <b>News</b>: Special Features: VIDEO: THN Puck Panel - Was <b>...</b>

Mike Cammalleri was suspended one regular season game for a slash on Nino Niederreiter, but was the rookie's initial hit a mitigating factor? The THN Puck Panel, with Jason Kay and Ryan Kennedy, discusses the incident.






















































Tuesday, October 5, 2010

Making Money Job


The New York Times reports this morning ("TARP Bailout to Cost Less Than Once Anticipated") that the true cost of TARP will be less than $50 billion. I find this type of reporting to be incredibly misleading and deceitful. Focusing solely on TARP and ignoring the other more costly portions of the government bailout of our biggest banks and corporations ignores the true cost of the government's (both the Bush and Obama administrations, the Fed and Congress) inept response to this crisis. One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.



By claiming a narrow TARP success, the Times attempts to invalidate citizen anger at the bailout by making it appear that the electorate is somehow misinformed about its costs or is just plain stupid. Nothing could be further from the truth. Claiming that TARP was successful, but ignoring the much larger and more relevant costs of other areas of the government bailout is like claiming the voyage of the Titanic was successful because many of the lifeboats were recovered. It is important to remember that the ship sunk.



Here are my estimates of some of the total costs to American consumers and taxpayers of the entire government bailout. Many of these costs could have been absorbed by creditors and lenders to these highly leveraged large banks and financial institutions without involving taxpayer funds, but both administrations instead chose to stick it to the electorate rather than risk alienating their biggest corporate and wealthy campaign donors.



Estimated Total Costs of Bailout



  • Fannie and Freddie bailout = $700 billion estimated, at least, on their $5 trillion portfolio.


  • Federal Reserve's increased printing of money to fund purchase of mortgage securities in market and bad assets from banks (which directly leads to an equal amount of inflation, a hidden tax on consumers and savers) = $2 trillion.


  • Eventual FDIC losses = $500 billion.


  • Credit union guarantees = $50 billion.


  • Present value cost of lost interest income to US retirees and other savers due to government's zero interest rate policy = $2 trillion.


  • Present value cost of additional high unemployment and lost wages caused by government's focusing on bank and Wall Street profitability first, rather than on job creation = $5 trillion.


  • Total loss in housing values due to inappropriate response to overbuilding and high foreclosure problem = $4 trillion (a fraction of the total housing value loss of10 trillion, much of which was necessary to return to non-bubble levels).


  • Cost of future bad loans created since 2008 by Fannnie, Freddie and FHA by continuing to lend aggressively into declining real estate markets = $300 billion.


  • Wasted stimulus money (Where exactly did this money go and what do we have to show for it?) = $300 billion.


  • Total estimated cost of government bailout = $14.85 trillion.



This is more than an entire year's economic output for the entire country. It is as if we Americans worked an entire year for free to pay for our government's inappropriate response to this crisis.



I am not saying that government caused the crisis by itself. I do believe that Wall Street and the big banks are mostly to blame. But government does have to accept responsibility for its inept response to the crisis and the fact that they burdened the US taxpayer with most of its cost rather than the debt and equity investors in these corrupt financial institutions.



John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, "The Coming Crash in the Housing Market", in January 2006, "Sell Now! The End of the Housing Bubble" and in 2008, "Contagion: The Financial Epidemic that is Sweeping the Global Economy".







Label Complains That Amazon Devalues Artists By Making Music Cheap

from the you-got-it-backwards dept

This is unfortunate. Nearly two years ago, we wrote about the indie music label Asthmatic Kitty, which seemed to take a really forward looking attitude towards the new music market. In that interview, the label noted the reality of the new world, and why it was important to focus on reasons to buy, rather than assuming that people would just pay to hear music. This is what was said at the time:


I operate under the conviction that people buy records because they want to own them, not because they want to hear them. It is too easy these days to hear a record without having to buy it. I don't resent that fact, rather I feel we at Asthmatic Kitty embrace it through streaming albums and offering several free mp3s (even whole free albums). And why do they want to own it? They want it to illustrate to others their taste and identify who they are as a person. I also believe they want to be part of something bigger than themselves, they want to belong.



Our job is no longer to sell folks things they want to hear. They want an experience and to identify themselves as part of a community. Ownership then becomes a way of them supporting your community through investing in that community. Fostering that in an honest, transparent and "non-gross" way takes a combination of gracefulness, creativity and not taking oneself too seriously, while still taking art and music seriously.

Apparently, however, they do resent Amazon for making music available cheaply. Reader Colin points us to a recent article about how Asthmatic Kitty has sent out a letter to fans of artist Sufjan Stevens, complaining that Amazon's pricing is too low and asking people to go to Bandcamp and pay more instead. They do admit to being somewhat conflicted about this, at least:

"We have mixed feelings about discounted pricing," the label explained.



"Like we said, we love getting good music into the hands of good people, and when a price is low, more people buy. A low price will introduce a lot of people to Sufjan's music and to this wonderful album. For that, we're grateful.



But we also feel like the work that our artists produce is worth more than a cost of a latte. We value the skill, love, and time they've put into making their records. And we feel that our work too, in promotion and distribution, is also valuable and worthwhile."

While they're certainly not attacking Amazon or fans, the whole email does feel a little off. The simple fact is, if people want the music (as the label seemed to recognize last year), they can find it somewhere for free. Amazon's prices are meaningless when it comes to the "value" of the music. Price and value are not the same thing. Rather than complaining about the price that Amazon sets on the album, why not give people additional reasons to pay directly at Bandcamp -- such as providing valuable extras if they do. Or discounts on other merchandise. There are all sorts of positive ways to get people to find it worthwhile to spend money without making them feel guilty and bad for paying a price that is legitimately offered by a retailer.



47 Comments | Leave a Comment..



robert shumake

Fox <b>News</b> Poll: GOPer Raese Leads By Five Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race is giving Republican businessman John Raese a solid lead against Democratic Gov. Joe Manchin, in the race to succeed the late Dem Sen. Robert Byrd.

<b>News</b> and Publications - <b>News</b> Release

News and Publications - News Release. ... Academy in the newsNews links � Ingenia � Photo Gallery. News Release. 08 July 2010. Academy elects 'unique national resource' to assist in economic recovery. Fifty three of the UK's leading ...

Why diversity turns into conformity in online <b>news</b>: An interview <b>...</b>

If you talk to any of the number of young academics who occasionally contribute to the Lab, it's likely the name Pablo Boczkowski will come up sooner rather.


robert shumake

Fox <b>News</b> Poll: GOPer Raese Leads By Five Points In WV-SEN | TPMDC

The new Fox News poll of the West Virginia Senate race is giving Republican businessman John Raese a solid lead against Democratic Gov. Joe Manchin, in the race to succeed the late Dem Sen. Robert Byrd.

<b>News</b> and Publications - <b>News</b> Release

News and Publications - News Release. ... Academy in the newsNews links � Ingenia � Photo Gallery. News Release. 08 July 2010. Academy elects 'unique national resource' to assist in economic recovery. Fifty three of the UK's leading ...

Why diversity turns into conformity in online <b>news</b>: An interview <b>...</b>

If you talk to any of the number of young academics who occasionally contribute to the Lab, it's likely the name Pablo Boczkowski will come up sooner rather.



cashgiftmoney by j91romero


robert shumake


















The New York Times reports this morning ("TARP Bailout to Cost Less Than Once Anticipated") that the true cost of TARP will be less than $50 billion. I find this type of reporting to be incredibly misleading and deceitful. Focusing solely on TARP and ignoring the other more costly portions of the government bailout of our biggest banks and corporations ignores the true cost of the government's (both the Bush and Obama administrations, the Fed and Congress) inept response to this crisis. One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.



By claiming a narrow TARP success, the Times attempts to invalidate citizen anger at the bailout by making it appear that the electorate is somehow misinformed about its costs or is just plain stupid. Nothing could be further from the truth. Claiming that TARP was successful, but ignoring the much larger and more relevant costs of other areas of the government bailout is like claiming the voyage of the Titanic was successful because many of the lifeboats were recovered. It is important to remember that the ship sunk.



Here are my estimates of some of the total costs to American consumers and taxpayers of the entire government bailout. Many of these costs could have been absorbed by creditors and lenders to these highly leveraged large banks and financial institutions without involving taxpayer funds, but both administrations instead chose to stick it to the electorate rather than risk alienating their biggest corporate and wealthy campaign donors.



Estimated Total Costs of Bailout



  • Fannie and Freddie bailout = $700 billion estimated, at least, on their $5 trillion portfolio.


  • Federal Reserve's increased printing of money to fund purchase of mortgage securities in market and bad assets from banks (which directly leads to an equal amount of inflation, a hidden tax on consumers and savers) = $2 trillion.


  • Eventual FDIC losses = $500 billion.


  • Credit union guarantees = $50 billion.


  • Present value cost of lost interest income to US retirees and other savers due to government's zero interest rate policy = $2 trillion.


  • Present value cost of additional high unemployment and lost wages caused by government's focusing on bank and Wall Street profitability first, rather than on job creation = $5 trillion.


  • Total loss in housing values due to inappropriate response to overbuilding and high foreclosure problem = $4 trillion (a fraction of the total housing value loss of10 trillion, much of which was necessary to return to non-bubble levels).


  • Cost of future bad loans created since 2008 by Fannnie, Freddie and FHA by continuing to lend aggressively into declining real estate markets = $300 billion.


  • Wasted stimulus money (Where exactly did this money go and what do we have to show for it?) = $300 billion.


  • Total estimated cost of government bailout = $14.85 trillion.



This is more than an entire year's economic output for the entire country. It is as if we Americans worked an entire year for free to pay for our government's inappropriate response to this crisis.



I am not saying that government caused the crisis by itself. I do believe that Wall Street and the big banks are mostly to blame. But government does have to accept responsibility for its inept response to the crisis and the fact that they burdened the US taxpayer with most of its cost rather than the debt and equity investors in these corrupt financial institutions.



John R. Talbott is the bestselling author of eight books on economics and politics that have accurately detailed and predicted the causes and devastating effects of this entire financial crisis including, in 2003, "The Coming Crash in the Housing Market", in January 2006, "Sell Now! The End of the Housing Bubble" and in 2008, "Contagion: The Financial Epidemic that is Sweeping the Global Economy".







Label Complains That Amazon Devalues Artists By Making Music Cheap

from the you-got-it-backwards dept

This is unfortunate. Nearly two years ago, we wrote about the indie music label Asthmatic Kitty, which seemed to take a really forward looking attitude towards the new music market. In that interview, the label noted the reality of the new world, and why it was important to focus on reasons to buy, rather than assuming that people would just pay to hear music. This is what was said at the time:


I operate under the conviction that people buy records because they want to own them, not because they want to hear them. It is too easy these days to hear a record without having to buy it. I don't resent that fact, rather I feel we at Asthmatic Kitty embrace it through streaming albums and offering several free mp3s (even whole free albums). And why do they want to own it? They want it to illustrate to others their taste and identify who they are as a person. I also believe they want to be part of something bigger than themselves, they want to belong.



Our job is no longer to sell folks things they want to hear. They want an experience and to identify themselves as part of a community. Ownership then becomes a way of them supporting your community through investing in that community. Fostering that in an honest, transparent and "non-gross" way takes a combination of gracefulness, creativity and not taking oneself too seriously, while still taking art and music seriously.

Apparently, however, they do resent Amazon for making music available cheaply. Reader Colin points us to a recent article about how Asthmatic Kitty has sent out a letter to fans of artist Sufjan Stevens, complaining that Amazon's pricing is too low and asking people to go to Bandcamp and pay more instead. They do admit to being somewhat conflicted about this, at least:

"We have mixed feelings about discounted pricing," the label explained.



"Like we said, we love getting good music into the hands of good people, and when a price is low, more people buy. A low price will introduce a lot of people to Sufjan's music and to this wonderful album. For that, we're grateful.



But we also feel like the work that our artists produce is worth more than a cost of a latte. We value the skill, love, and time they've put into making their records. And we feel that our work too, in promotion and distribution, is also valuable and worthwhile."

While they're certainly not attacking Amazon or fans, the whole email does feel a little off. The simple fact is, if people want the music (as the label seemed to recognize last year), they can find it somewhere for free. Amazon's prices are meaningless when it comes to the "value" of the music. Price and value are not the same thing. Rather than complaining about the price that Amazon sets on the album, why not give people additional reasons to pay directly at Bandcamp -- such as providing valuable extras if they do. Or discounts on other merchandise. There are all sorts of positive ways to get people to find it worthwhile to spend money without making them feel guilty and bad for paying a price that is legitimately offered by a retailer.



47 Comments | Leave a Comment..