investments: Mortgage business declines, so what do they banks do next? - 08/20/08 07:05 PM
As banks have tightened their lending criteria for homebuyers I've noticed a new strategy in their plan to lend money to the public.
My observations are based purely on my own experiences - so I'm curious to hear if fellow ActiveRainers are receiving the same or similar offers that I am from several of the well-known … (1 comments)
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investments: Your FICO Score - Now more important than ever - 08/07/08 12:55 PM
As the Credit Crisis continues, banks have significantly tightened their lending criteria.
It makes perfectly good business sense for Lenders to accurately and thoroughly check the credit-worthiness of prospective borrowers (finally) - but it now seems like there is over-kill.
Today I heard of a prospective buyer with respectable credit, verifiable income … (10 comments)
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investments: Hundreds of Millions, Billions and Trillions - 07/31/08 09:49 AM
Have you noticed how often (and with such ease) the Financial World refers to hundreds of Millions, Billions, and even Trillions of Dollars?
The news is filled with stories of banks losing billions of dollars per quarter while oil companies make tens of billions in record profits. Companies are being bought for … (4 comments)
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investments: The National Debt Clock - Is it a Ticking Financial Time-Bomb? - 07/31/08 08:59 AM
"In April 2008 the National Debt (Unites States total public debt) was $9.5 Trillion" - Wikipedia.
If, in addition, unfunded Medicaid, Social Security, Medicare, etc. promises are added, this figure rises to over $56 Trillion.
To comprehend the magnitude of this debt and the rate at which it continues to grow, … (6 comments)
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investments: Merrill Lynch sells huge Mortgage Portfolio for Substantial Loss - 07/29/08 04:01 PM
On Monday this week, Merrill Lynch sold a $30.6 billion portfolio of mortgage debt for 22 cents on the dollar. The portfolio was sold to the Lone Star Funds, a Dallas-based investor.
The deal will make you shake your head and wonder what Senior Management at Merrill is thinking:
Lone Star paid … (1 comments)
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investments: A Double-shot of Espresso for Starbucks - New Products and other Changes - 07/29/08 01:13 PM
As has been widely publicized, Starbucksis undergoing some big changes. This is all part of Howard Schulz's strategy to make starbucks the "Wall Street" winner it was in the past.
For starters Starbucks is closing a few hundred of their less profitable stores and will cut about 1000 jobs. Then they're reworking … (5 comments)
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investments: "Cuil" - A new Search Engine meant to rival Google - 07/29/08 09:33 AM
"The Internet is getting bigger and more disorganized every day".
"Cuil's goal is to solve the two great problems of search: how to index the whole Internet-not just part of it-and how to analyze and sort out its pages so you get relevant results".
I read with … (22 comments)
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investments: "Flipping Out"'s Jeff Lewis must have flipped out now that he's in escrow - 07/25/08 01:35 PM
Like one who reluctantly watches an accident, I occassionaly watch "Flipping Out" on Bravo TV.
"Flipping Out" features a mean spirited, obsessive-compulsive house-flipper, Jeff Lewis.
With a depressed real estate market prevailing, Jeff Lewis is now handling large remodelling projects for clients. He does however, still have a Los Angeles property that he … (19 comments)
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investments: Tesla - The Ultimate Electric Car - 07/24/08 10:11 AM
Tesla - Now in production, the ultimate electric car is available for order.
With the urgent focus on reducing our dependance on foreign oil, this technology is more relevant than ever before.
100% Electric / 0-60 mph in 3.9 seconds and a top speed of 125 mph / 220 miles per charge / and as little … (12 comments)
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investments: Candy Spelling's Condo - Record-breaking $47 Million paid for a Los Angeles Condo - 07/23/08 03:13 PM
Candy Spelling, widow of TV mogul Aaron Spelling, has purchased the top two floors of a new condo development in Century City, Los Angeles for an astounding $47 Million.
The 16,500-sq.-ft. penthouse is on the top floor of a residential tower ("The Century") currently under construction and is the highest price ever … (15 comments)
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investments: The Answer to the Energy Crisis may be in the Wind - 07/23/08 12:36 PM
Legendary oil tycoon T. Boone Pickens promoting his new cause - using American wind to alleviate the nation's energy crisis and wean itself from dependency on foreign oil.
Pickens' plan calls for investing in enough wind turbines to provide 20% of the nation's energy and reducing oil imports by a … (9 comments)
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investments: Building a "Wind Farm" - a great source of power - 07/22/08 10:04 AM
Do you know what a "Wind Farm" is?
A wind farm is a group of wind turbines in the same location used for production of electric power. Individual turbines are interconnected with a medium voltage power collection system and communications network - Wikipedia
I was interested to read that New York … (12 comments)
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investments: Insuring your Money - The FDIC and the SIPC - 07/15/08 09:15 AM
With the failure of Indymac Bank we should all be reminded to check that our money is adequately insured.
The FDIC (Federal Deposit Insurance Corporation) insures bank deposits of up to $100,000 and up to $250,000 for funds in retirement accounts such as an IRA. Brokerage products are not FDIC insured.
The SIPC (Securities … (6 comments)
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investments: Avoid Panic Selling - Greed and Fear drive all markets - 07/11/08 01:59 PM
Markets are driven by two human emotions: Greed and Fear.
In the height of the Stock Market technology boom everyone who had access to a Brokerage Account was buying stock in companies they knew nothing about. Without worries, the stock prices increased and they made money without thinking ... until the … (3 comments)
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