AIG To Pay $503 Million To Top Execs

Tuesday, November 18, 2008, 11:44 AM | Leave Comment

Last Friday, Nov. 14, 2008, Washington Post reported news about AIG to Pay Millions To Top Workers by Carol D. Leonnig. I have a comment or two about that. First of all Carol D. Leonnig considers the top executives, the so-called C-level executives, as workers. They are not workers. I am a worker and so […]

Watch Movies For A Buck

Monday, November 17, 2008, 2:48 PM | Leave Comment

You don’t have to rent movies from expensive joints. Movie night at home is a lot cheaper now. You can rent a movie tonight at these locations: Red Box You can rent a movie for a night at your local supermarket at Red Box kiosk for a buck. They have more than 8,000 vending machines […]

Generation Debt: How Our Future Was Sold Out

Friday, November 14, 2008, 2:13 AM | Leave Comment

I just finished reading a book called Generation Debt: How Our Future Was Sold Out for Student Loans, Bad Jobs, NoBenefits, and Tax Cuts for Rich Geezers–And How to Fight Back (Paperback) by Anya Kamenetz. It’s a very interesting and educational book. I thought it was fitting that I mentioned it here. Anya writes about […]

Good News For Consumers

Thursday, November 13, 2008, 8:51 AM | Leave Comment

The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets. On Wednesday, Nov. 12, 2008, Treasury secretary, also know as the Bailer-In-Chief, Mr. Paulson said 40 percent of U.S. consumer credit is provided through selling securities that […]

An Open Letter To Verizon

Wednesday, November 12, 2008, 2:58 PM | 1 Comment

I included this post in the category of ‘Personal Finances’ because it has impacted my finances. My credit score has been damaged. I hope it has not happened to anyone else. In my family, we have three cell phones subscribed to Verizon Wireless. We have no major problems with that. In March 2008, we place […]

6 Steps What To Do In A Lousy Market

Friday, November 7, 2008, 9:25 AM | 1 Comment

Many people lost a lot of money in stock market a few years ago. I did too; 25% in my retirement account and 15% in my stock investment, not in two years, not in one year but in less than 2 months. I am just waiting it out and that is the consensus of the […]

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 […]