Millions Will Have To Repay Part Of Tax Credit

Sunday, November 22, 2009, 3:12 AM | Leave Comment

Washington Post reported on November 16: “Millions will have to repay part of tax credit.” Excerpts from the report More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama’s tax break that was designed to help consumers spend the U.S. economy […]

Bernanke said “significant economic challenges remain”

Tuesday, November 17, 2009, 12:52 AM | Leave Comment

It seems that the U.S. economy is on a longer path of recovery than previously expected. It was apparent from the Federal Reserve Bank chairman, Mr. Bernanke’s speech who indicated significant economic challenges remain and that the central bank’s extended period of low borrowing costs may get even longer. Speaking in New York yesterday, he […]

GM’s Turnaround Effort Will Come Under New Scrutiny Monday

Monday, November 16, 2009, 6:54 AM | 7 Comments

Wall Street Journal reported Sunday, Nov. 15 By JOHN D. STOLL that General Motor’s turnaround effort will come under new scrutiny Monday as the company reports financial results for the first time since emerging from bankruptcy. GM is expected to update its cash position, indicate how close it is to earning money in North America, […]

First-Time Home-Buyer Tax Credit – Poor Rich Folks

Saturday, November 14, 2009, 3:44 PM | 1 Comment

As we all know by now, the $8,000 tax-credit for first-time home buyer has been extended by the U.S. Congress as of November 6, 2009. It is a true dollar-for-dollar tax credit of up to $8,000 for 10% of the cost of a home. Even if your income is low and you don’t have to […]

First-Time Home Buyers Set Record in Past Year

Saturday, November 14, 2009, 1:33 AM | Leave Comment

First-time buyers made up a bigger share of the housing market in 2009 than any other year on record, according to a survey done by Washington-based National Assn. of Realtors. The number of first-time home buyers rose to 47% of all home sales from 41% of transactions in last year’s study, and was the highest […]

Can Buick Lacrosse bring out the ‘GM’ in General Motors

Thursday, November 12, 2009, 6:33 AM | Leave Comment

I mean the Grand Master that General Motors used to play the role as on the American automobile landscape. Christopher Jensen wrote on Buick LaCrosse in New York Times back in October 2009. Jim Federico, G.M.’s global vehicle line executive for midsize cars, says the LaCrosse is not a rebadged Insignia with a green card […]

AIG’s Benmosche threatens to jump ship – crazy Bobby baby?

Wednesday, November 11, 2009, 5:40 PM | Leave Comment

AIG’s Benmosche threatens to jump ship. Relax, will you? He is not committing suicide. He is not jumping OFF the ship into the deep water, although for me it would have meant off the ship. Leaving a job with close to $10 million in pay, I would have jumped in the water. Are you crazy, […]

I Sure Gotta Do Something Else – ATM Heist

Wednesday, November 11, 2009, 8:24 AM | Leave Comment

Obviously, we have access to the Internet in all corners of the globe. When you search for “make money online” in your favorite search engine, you get millions and millions web pages offering you to make millions in the blink of an eye. Well! maybe not that fast. How about overnight? Like someone said the […]

Gold Has Gone Where No Precious Metal Has Ever Gone Before

Tuesday, November 10, 2009, 6:00 PM | Leave Comment

The price of gold briefly surpassed $1,100 an ounce on Friday, a record high – a new frontier for the yellow metal. That means it has gone where no precious metal has ever gone before. Gold is the king of the precious-metal jungle. It’s the lion of its own domain. [I wish I could say […]

Hey buddy! Can you spare $15 billion? I mean $15B more

Tuesday, November 10, 2009, 6:36 AM | Leave Comment

The Federal National Mortgage Association, commonly known as Fannie Mae, has asked the U.S. Treasury for help and want $15 billion more money. I can just imagine what they would say to each other. [The minutes of their meeting have not been revealed to the public – yet.] Fannie Mae: Hey buddy, long time no […]