Who is Thriving in the Credit Crisis?
Bucking the Trend: Who is Thriving in the Credit Crisis? | FastUpFront: Small Business Blog
Bucking the Trend: Who is Thriving in the Credit Crisis?By Gary Barzel on November 4, 2008 in Business Economy |
With concern growing over the health of the global economy, many consumers and businesses alike are doing whatever they can to ride out the impending storm- and that can spell growth and financial opportunity for those who can capitalize on it.
So which sectors should still thrive in the current credit crisis?…
What Industries Will Benefit From An Obama Victory? A McCain Victory?
What Industries Will Benefit From An Obama Victory? A McCain Victory?
Battered by the financial meltdown, America’s business community is anxiously calculating how Tuesday’s presidential election will affect it.Energy, pharmaceutical and telecommunications companies could face tax and other policy changes no matter who wins the White House. The outcome also could determine how well alternative energy developers, generic biotechnology companies, stem cell researchers
America’s current economic condition
America today is burdened with deeply rooted and unsustainable economic challenges. From credit debts and loss of manufacturing nationwide, to foreign nations buying our best companies and proping up the economy with loans, these issues impact every citizen. Here are the 16 major problems America faces today:
99% fall?
if such a headline doesn’t catch your attention, I don’t know what will…
Volvo truck sales plunge from 41,970 to just 115 - a 99.7% fall | This is Money
Volvo truck sales plunge 99.7%
Re-aligning the financial sector with the productive economy
Angry Bear: Can we please broaden our thinking in this crisis?
Well, one of the reason’s for having a graduated income tax to the point of 90% at the top was to prevent exactly what we are now discussing as one of the issues that needs to be addressed in the bailouts. It was to prevent economic royalty, to preserve democracy, to assure one voice – one vote, to prevent some from being so powerful that they would be insulated from responsibility for the problems they could create.
Follow the money
Are lawmakers taking decisions based on the common or their individual interests?
Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. — some of the biggest casualties of the market bloodbath — according to the Center for Responsive Politics. The most recent annual disclosure filings list investments as of Dec. 31, 2007, and reveal the size of holdings only within a range of values. Lawmakers may have sold shares since then.
Optimizing humans for machine-like performance
Book Excerpt: The Numerati by Stephen Baker
Takriti confesses that he’s nervous. His assignment is to translate the complexity of highly intelligent knowledge workers into the same types of equations and algorithms that are used to fine-tune shipping or predict the life span and production of a mainframe computer. With time, he and his team hope to build detailed models for each worker, each one complete with a person’s quirks, daily commute, and allies, perhaps even enemies. These models might one day include whether the workers eat beef or pork, how seriously they take the Sabbath, whether a bee sting or a peanut sauce could lay them low. No doubt, some of them thrive even in the filthy air in Beijing or Mexico City, while others wheeze. If so, the models would eventually include this detail, among countless others. The idea is to build richly textured models that behave in their symbolic realm just like their flesh-and-blood counterparts. Then planners can manipulate them, looking for the most efficient combinations.
Complete monitoring to be proposed in the UK
AC Grayling: Safe in our cages | Comment is free | guardian.co.uk
This Orwellian nightmare, additionally, is proposed for a world in which leading soi-disant liberal democracies run, and/or permit rendition flights to, Guantanamo Bay. How many steps separate an innocent British citizen from some misinterpretation or interference or error in the collected and ‘made accessible’ data of text messages and emails, and a forthcoming home-grown version of Guantanamo Bay for people whose pattern of phone calls does not fit the police definition of acceptable?
Who will make a killing this recession?
Knowyourmoney - Who will make a killing this recession?
The chatter of recessions and credit crunches is ubiquitous. It’s coming from every corner of the media, from the boardroom meetings at work, from the bloke at the bar down your local, even the teenage girl at the bus stop is shouting into her mobile about it. They’re all vying for our attention, telling us that an economic downturn could loom, is looming, or was looming and is now upon us like a huge, clichéd dark cloud on the financial horizon. The contradictory explanations, the myriad divergent predictions, the hackneyed myths and the timorous rumours tell us only one thing for certain: people are scared about the recession – some don’t even know why.
10 Things to Understand About the Housing Bubble and the Debt Crisis
RGE - 10 Things to Understand About the Housing Bubble and the Debt Crisis
At first, the HELOC was designed to solve the problem created by the elimination of interest deductions on consumer loans. Simply grant a lender a second mortgage on your home and suddenly, as long as you had less than $1 million in total home loans, you could deduct all of the interest on what really was a personal line of credit. Better yet, because it was secured, the interest charges were typically lower than on credit card debt. A great solution to the problem from lenders’ and consumers’ points of view, HELOCs became very popular and – by the end of the 90’s – ubiquitous. Homeowners soon realized, however, especially as home values began to rise more rapidly beginning in 1996, that they could qualify for HELOCs far exceeding the amount of credit card lines and other consumer debt they used to have.
