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 […]

U.S. Unemployment Hits 10.2%, Highest Since 1983

Monday, November 9, 2009, 6:52 AM | 1 Comment

U.S. unemployment surged to 10.2% last month. Economists say it’s the highest since 1982/1983, that’s when it hit 10.8 percent. It’s much worse than expected as employers continue to trim jobs despite other signs of growth in the national economy. If some economists say the U.S. economy is on a rebound, it sure has not […]

Roomy Khan’s Lawyer Didn’t Return Calls For Comment

Sunday, November 8, 2009, 7:32 AM | 3 Comments

Who the heck is Roomy Khan? Never heard of Khan before. The name came into the light of the day last Thursday as if Khan was living in a dark hole. On the second thought maybe Khan was living in a dark hole. [If you notice, I am not calling Khan by he or she […]

Go Ahead Back Up. Hey Man! Make Up Your Mind

Saturday, November 7, 2009, 9:56 AM | 5 Comments

Our parents told us and in turn we have been telling our kids to save. My son who just got a part-time job in a finance and invest company four weeks ago is spending his money from left to right. I keep telling him he’s gotta save the bulk of his earnings because he has […]

FTC Says Ain’t Totally Free

Friday, November 6, 2009, 7:24 AM | Leave Comment

The Federal Trade Commission is not amused with the company responsible for the popular advertisement in the media promoting FTC has long believed that the company is deliberately diverting people from a government-mandated site where consumers can get free credit reports by law. FTC says the company is using the reports as a lure […]

U.S. Senate approves more benefits for the unemployed

Thursday, November 5, 2009, 6:24 AM | Leave Comment

Yesterday, on Wednesday, the United States Senate voted unanimously to approve up to 20 more weeks of unemployment benefits. The folks who have been out of work a long time will be most benefited from the resolution. The measure will increase to 99 weeks, or nearly two years, the maximum length of time that a […]

Hiring Managers Struggle To Find Skilled Employees

Wednesday, November 4, 2009, 6:30 AM | 1 Comment

For some hiring managers, there is no recession, never has been. They are looking to hire employees, but they can’t find skilled candidates to fill up their open positions. That’s ironic, ain’t it? But why is that? With so many unemployed, the number is in millions including yours truly, and looking for jobs, how come […]