President-elect Barak Obama, as we all know, is vacating his senate seat from Illinois. The governor is supposed to appoint someone for that seat. Along the way, something happened that did not sit very well with federal authorities. There may be more news coming in the coming days and weeks. International Herald Tribune on December […]
I read an article on Fortune Online. Three executives of a company called Blackstone Group (BX) received the following total compensation for 2007: Steve Schwarzman Chairman and CEO $350.7 million Pete Peterson Senior Chairman $174.3 million Hamilton James President and COO $ 98.7 million ————– Total $623.7 million – no wonder they can’t sleep at […]
I just read an article-cum-news (news-cum-article??) yesterday about a Kuwait Sheik Spinning the Recession: Sheik Majed Al-Sabah posted by Linda Tischler. The article states that Americans may be in a state of gloom about the economy – no kidding, but it’s still a beautiful day in the neighborhood, if you live next door to Sheik […]
Virgin Money Has Closed Shop in the U.S., Victim of Bad Timing. None of the links to Virgin Money USA works. Richard Branson, the guy who owns Virgin “everything”, has taken over peer-to-peer lending service called Circle Lending and has re-branded it Virgin Money USA. It helps people access affordable and flexible credit, offering unique […]
Harvard MBAs Manisha Thakor and Sharon Kedar have come up with a readable guide to help female twenty-somethings get a better grip on their money. On My Own Two Feet: A Modern Girl’s Guide to Personal Finance. This book is a self-help guide and like its name suggest has been written for twenty- and thirty-somethings […]
Remember back in October, congress passed the bail-out bill of $700 billion. Inside the bill, there were some tax provisions that would affect us all, the average American taxpayers. “In all the publicity surrounding the bailout package, not much attention was paid to the tax policy items,” says Steve Forrest of Forrest Financial Services. “That’s […]
You see the image at the top of the page. That’s me. I read where I feel comfortable. You know where that is, right? I try to read whenever and wherever possible. Sometimes I am at the airport waiting for my flight, I go to a book and newspaper stand. I can’t find anything interesting […]
As I have stated in my previous posts, I came to the States in the seventies. I was born and raised in a very cost-conscious family, not only family but the small-town cost-conscious society as a whole. We had to be. We did not have the abundance of anything that Americans have enjoyed so wholeheartedly […]
To reminisce – I always have problems with that word, English not being my first language. That means “to recollect and tell of past experiences or events” – you know the last couple of months, so much has happened. Treasury Secretary, Mr. Paulson asked Congress to give him $700,000,000,000.00. A part of that money, probably […]
Late Thursday, Nov. 20, 2008, Congress passed a legislation to extend the period of government assistance to unemployed Americans. The bill, which was already approved by the House, is expected to be quickly signed by President Bush. In all states, the benefits have been extended by 7 weeks. In some states, where the unemployment rates […]
