Record Profit For Exxon Mobil

Thursday, October 30, 2008, 8:07 PM | Leave Comment

ExxonMobil earned $14.83 billion in the third quarter of 2008. That compares with $9.41 billion, or $1.70 a share, a year ago. One thing I never understood. Maybe it’s all political. The presidential candidates talk about dependence on foreign oil and how they want to minimize and eventually totally eliminate it. But who is benefiting […]

You Can Use Cash, Credit And Now Cell Phone

Tuesday, October 28, 2008, 2:26 PM | Leave Comment

“Cash may still be king, but on the streets of Japan there’s a new rival for the throne. Millions of people there use their mobile phones to buy everything from vending-machine sodas to train tickets.” This is how the article, dated October 1, 2008, starts on written by Yasmin Ghahremani. Mobile phones may soon […]

UnderWater Mortgages Are Growing Threat To US Economy

Monday, October 27, 2008, 12:27 PM | Leave Comment

In Tuesday, Oct 21 2008 edition of, there is an article about Under water mortgages are growing threat to U.S. by Tom Brown. “Under water mortgages” are those when you owe more in mortgage than your home is worth. Let’s say, your home was estimated to be worth $150,000 and you owe $200,000. So, […]

Consensus Emerges To Let Deficit Rise

Monday, October 27, 2008, 12:15 PM | Leave Comment

In the Sunday, Oct 19,2008, edition of New York Times online, there is an article about consensus emerges to let the deficit rise by Louis Uchitelle and Robert Pear. The government bailout for the banks is $250 billion in the coming weeks and another $150 billion has been proposed for the same. Now most of […]

Financial Excesses By Any Name

Tuesday, October 14, 2008, 2:53 AM | Leave Comment

Firstly, there was the news that after getting some money, billions of dollars from the public, AIG executives spent close to half-a-million dollars in a resort area in five days. Some of their expenditures were: $15,000 on leisure dining – whatever that means, $10,000 on massages, playing tennis and other such things. Read more…