Real Economy Relationships: What Localism brings to banking

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Sustainability is the key to survival for every community and consumer in the United States. What Localism brings to banking 6:37 AM Posted by Donny Wise- Bizcovering.com - EMPOWER4U The localism of the past period before deregulation is not the perfect solution for the future of the banking industry, but the best practices of the era did include the long-term success of the bank was interdependent on the local presence and impact to insure financial health and opportunity for consumers and community served. The bank could not sustain success in the community without a healthy and vibrant community and consumer, and the impact of all three is profound to the real economy locally and nationally. In today's modern banking, the financial system and the regulatory structure stand in peril providing a viable, self sufficient system as the consumer and the community are not the benefactors of the financial system or the regulatory model. The current financial model does not bring … [Read more...]

Why are relationships important in real life and the real economy

Why are relationships important in real life and the real economy Banks or Company, Consumer, and Community are a three way relationship interdependent in the success through sustainability in both large and small communities. The banks and consumer have been the core relationship to decouple with the initial consequence of the break up was the 2008 Financial Crisis. 2012 has seen four years pass with financial system in peril and the consequences being a slow recovery process and unemployment being a blight on the American way of life. What would be a fix for the American economy to restore the economy to sustainable growth and opportunity in all communities in America? The restoration of banks/company, consumer, and community interdependent relationship  would restore the foundation for the system to heal the deep economic wounds. The restoration of this relationship would have micro executives in every community, district, micropolitian, or metropolitan area for banks in every … [Read more...]

70′s Saturday night: 1978 sees the Wonder Twins, WKRP, and Friday night Hulk

Life is so technologically driven and we forget our roots as writers, social media elites, and iEverything of Apple compatible in the primitive year of 1978. WKRP was the 1978 version of radio and trend at the time to Twitter emerging as the trend for radio listening to Top 40 in 2012, Virtual pretend was played by actors in 1978 as Dr. David Banner became the Incredible Hulk on Friday night. Bill Bixby played a green jock on TV with a anger management issue in 1978, but my non-jock friends are playing huge jocks online with an avatar for their modern day Hulk metamorphosis. In 1978, "Wonder Twin Powers Activate" was heard in millions of homes on Saturday mornings. The Wonder Twins were the brother sister duo in training, and the many descriptors of the Wonder Twins will be for personal thought and laughter only. The Wonder Twins were my favorites because the crisis level was never a factor in the outcome of the Wonder Twins. They were going to blunder everything to asunder. In the … [Read more...]

Saturday Spotlight: Jon Niese’s nosejob in baseball

Jon Niese before surgery courtesy of CBS partner

News Content of this ARTICLE is courtesy of Yahoo Sports: Jonathon Niese has a new nose, thanks to former teammate Carlos Beltran By 'Duk | Big League Stew – Mon, Feb 20, 2012 3:54 PM EST http://www.facebook.com/plugins/like.php? Mets pitcher Jonathon Niese has a new nose. (AP/Adam Rubin) It looks like Mets reporters have already sniffed out the spring's oddest story. It's true. New York Mets pitcher Jonathon Niese arrived at the team's camp on Monday and said that he had received a nose job over the offseason. Better yet, the bill for the surgery is supposed to be picked up by former teammate Carlos Beltran, who promised to handle the tab before he was traded to the San Francisco Giants last July. "[Beltran] wanted me to have a new nose," Niese [told reporters on Monday]. "So he offered to pay for it. I was just like, 'All right.' Then it turned into seeing doctors and to getting it fixed." Beltran reportedly has not paid up … [Read more...]

Profiteering at the expense of the unemployed

America's unemployed  access to opportunity photo courtesy of economy.ocregister.com

In the new American norm, the unemployed worker is being subjected to many forms of acceptable discrimination in the new economy. However, the widespread impact of many workers losing employment due to consequences beyond the realm of personal responsibility did not illicit empathy in American society.  The unemployed masses are facing insurmountable obstacles to return to as part of the mainstream American workforce. One of these obstacles is other entities profiteering on unemployment benefits as the unemployed attempt to obtain the necessary benefit or food stamp support to sustain a household until new employment is obtained As a safety net, unemployment benefits are the lifeline in a transition period for many workers in lieu of employment being terminated. The benefits are substantially less than earnings, and the recipient is dependent on this benefit to provide food, shelter, stability, etc. to self and household. The reality is that profiteering whether by illegal or … [Read more...]

FDIC shuts banks in Georgia and Minnesota, DC Troubled Banks, and One in Three Unbanked

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The number of DC banks on the unofficial FDIC Troubled Bank List remains steady at eight. The unofficial version of the FDIC Troubled Bank list can be found at the calculatedriskblog.com. The FDIC did shutdown two banks in Georgia and Minnesota. The two bank failures this Friday did bring the number of failures for 2012 to 11 in comparison to 23 at the same time in 2011. The closing of the bank in Georgia is after four Georgia banks came under FDIC scrutiny in February. The FDIC did find a buyer for the Georgia bank, but no buyer was found for the bank in Minnesota. The FDIC will cut checks to these customers for the amount of the insured funds. In the world of the unbanked, 30 million consumers are unable to obtain mainstream checking or account services due to bank sharing information like Chex Systems and Credit Bureau Reporting for delinquent checking accounts. Meredith Whitney is analyst of banking institutions, and her recent remarks show the number of unbanked customers in … [Read more...]

The End of and Era: RBC/Centura Bank merger with PNC brings a finality

Centura Bank pylon

DC banking consumers take notice as PNC Bank is poised to expand the bank’s footprint south to Florida and Birmingham, Alabama. PNC’s gain is a major loss for the state of North Carolina. The end of a banking era approaches rapidly as RBC Bank will close at 4pm on March 2, and reopen March 5 as PNC. RBC Bank formerly RBC Centura or Centura Bank was HQ in Rocky Mount, NC until moving the US banking HQ to Raleigh, NC after Centura Bank was acquired by Royal Bank of Canada. Centura Bank was an Eastern North Carolina bank before making several acquisitions including the 2000 Triangle Bank merger to spread the bank’s footprint beyond Eastern NC with 250 branches in North Carolina, South Carolina, and Virginia by the 2001 merger announcement with Royal Bank of Canada. The employees and customers of RBC will not hear the infamous city names of Raleigh and Rocky Mount as the command center for the bank. PNC is Pittsburgh, Mid-Atlantic, and Northeast with DC and Philly are … [Read more...]

Employment gains washing in gas prices

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The good news is the January jobs report came in much stronger than the forecast of 150k jobs predicted by most analysts. The US Economy added 240k jobs for the month of January, and this jobs report does follow the 200k jobs added in December. The unemployment rate stood at 8.8% before two consecutive months of job growth brought down the unemployment rate to 8.5% in December and 8.3% in January. The fifth straight monthly decline and the second straight month of job gains over 200k. The good news is a sign the unemployment juggernaut beginning to feel the impacts of the recovery. The juggernaut turnaround may be short lived after a 15% increase in gas prices have made $5 gas a possibility, and Gallup has reported a mid-month increase in the unemployment rate for the month of February. The gains in employment may become a wash in the recent increase in gas prices. The wash in gas prices is making February 2012 the highest gas price level for the month of February. … [Read more...]

Women Wear Red on Friday to Highlight Heart Health by Yahoo News HealthDay

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  personal experience CHANGES everything.....to my mom and friend Judy Carol... COURTESY OF YAHOO NEWS- HEALTHDAY THURSDAY, Feb. 2 (HealthDay News) -- Heart disease is the leading cause of death among women, according to the American Heart Association, but millions of women are not even aware of their risk because heart disease is often silent and misunderstood. To help reverse this trend, the heart association's Go Red For Women movement has named Feb. 3 as National Wear Red Day. The group is asking women to wear red on Friday to create awareness about women's risk for heart disease so they can take steps to protect themselves. "Heart disease causes the death of one woman every minute," Dr. Suzanne Steinbaum, director of women and heart disease at the Heart and Vascular Institute of Lenox Hill Hospital in New York City, said in a heart association news release. "That's why it's so important to understand your personal risk factors and often overlooked common … [Read more...]

PNC prepares for RBC

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PNC steps into February with RBC at the top of mind. PNC did acquire RBC Bank, USA franchise with HQ in Raleigh, NC, and the scheduled date of acquisition is March 2012. PNC will perfectly add to the missing footprint that RBC Bank, USA brings to table with the Southeast market in hand. PNC did have an entry into the Atlanta market with recent acquisition of Bank Atlantic. RBC brings 400 branch locations from Southeast Virginia to Florida including Georgia and Alabama. Final draft by 11am PN … [Read more...]

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