http://www.businessinsider.com/meredith-whitney-wildly-bullish-2012-4?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Money%20Game%20Select&utm_campaign=MoneyGame%20Select%202012-04-27 Meredith Whitney: State Finances Are Still Doomed, And These Three States Are In The Most Trouble Meredith Whitney was on CNBC's Closing Bell today. Jeff Cox at CNBC.com spotlights one area where she's wildly bullish. She likes the agriculture and commodity states that are 'right-to-work' where businesses are creating jobs: "I am wildly bullish on the U.S. in particular markets...I think the U.S. market looks terrific (though) as a collective the U.S. market is not going to grow all together," she said during a "Closing Bell" interview. "There's opportunity from Texas all the way up to North Dakota, and you can play every industry on that basis," she added. "It's the agriculture-commodity belt — also the Right to Work states. That's where businesses are moving … [Read more...]
ABC NIGHTLINE TONIGHT: ‘Forgotten Ones’ Struggle to Survive in Texas’ Barren ‘Colonias’
By JOHN QUINONES (@JohnQABC) , BEN NEWMAN and ROXANNA SHERWOOD April 25, 2012 About a half-million people call an estimated 2,000 poor and isolated "colonias" home. The sparse communities dot the landscape of south Texas, along the more-than-1,000 miles the state's border shares with Mexico. A staggering 100,000 of the residents -- mostly all U.S. citizens -- are children. Watch the full story on "Nightline" tonight at 11:35 p.m. ET/PT. Maria Castro, 12, is among them and lives in a small house that her father built with her mother, nine of her sisters and brothers, and two cousins. Outwardly, Maria seems like most other American girls her age. She wants to look her best at school, rides a yellow school bus to get there, and enjoys playing flute in the school band. "My dream is to be someone in life. That's all," she said. "I actually want a better life than we have right now." At school, Maria finds refuge from her life back at home in las colonias, marked … [Read more...]
Getting Banks Back Into Banking
http://wallstreetpit.com/91428-getting-banks-back-into-banking Getting Banks Back Into Banking Banks used to be in the business of gathering deposits and making loans. Today, they are in the business of gathering fees and making trades. Being an American banker today means living under the thumb of regulators who demand that you lend money at extremely low interest rates, while trying to avoid making bad loans that would reduce your capital and potentially require a federal bailout. The bigger the bank, the greater the pressure. In this environment, depositors are a nuisance unless you can extract hefty fees from them. You have to track their money and hold part of it in cash so you can meet withdrawal demands, and you can’t lend most of the rest at very high rates anyway. When you do lend money, you must generate reams of paperwork to satisfy your examiners. If things go badly for borrowers, you can expect to be accused of “predatory” lending. And if you … [Read more...]
Super Parenting: A Child celebrates turning 30 in the future
Your child is now a baby 30 days old, and your baby will turn 30 years old in the future. You have been reading Super Parenting: Million Dollar Children by 18 since the decision was made to start a family. The 11 month period was the time from the decision to birth of the first child. The first 30 days or 1 month anniversary is today, and the time is now to review the last 12 months of reading and following the book in providing the opportunity to have a million dollar 18 year old in the future. The child must take ownership of that goal in the future to make a million dollars by 18. The first 12 months of this journey have been with impressive results. The instruction in the book did provide opportunities to give the newborn an initial deposit to solvency at 18. 30 days into life are showing $10,000 in the child's savings account. The book provides a way to document the journey with your child to be read by your child as they progress as adults. You inform the child the gift that … [Read more...]
Hospital emergency rooms demand debt payment before care
April 24, 2012 Debt Collector Is Faulted for Tough Tactics in Hospitals By JESSICA SILVER-GREENBERG Article courtesy of New York Times- server error did cause copyright information to be missing. Hospital patients waiting in an emergency room or convalescing after surgery are being confronted by an unexpected visitor: a debt collector at bedside. This and other aggressive tactics by one of the nation’s largest collectors of medical debts, Accretive Health, were revealed on Tuesday by the Minnesota attorney general, raising concerns that such practices have become common at hospitals across the country. The tactics, like embedding debt collectors as employees in emergency rooms and demanding that patients pay before receiving treatment, were outlined in hundreds of company documents released by the attorney general. And they cast a spotlight on the increasingly desperate strategies among hospitals to recoup payments as their unpaid debts mount. To patients, the debt collectors … [Read more...]
The American arrogance over money
The American arrogance over money is the reality in 2012. America has been the land of opportunity before the formation of this great nation. The formation of the United States was the first representative government system in the world, and freedom would ensure the future strength and prosperity of our nation. "Quality and Quantity" was an equal pinnacle of measurement of success in America, and values were the foundation to create wealth. The Puritans did not land in Massachusetts in 1620 because a huge stacks of gold were easily accessible upon arrival in the new world. The value of freedom in the new world was wealth in the assessment by the Puritans, and money/gold would not impact all the struggles that were suffered by the Puritans. Onward 400 years into the future, the roaring 20's did end with the October 1929 stock market crash with The Great Depression in the 1930's. Another period in American history, money became the value assessment in America. The extreme wealth … [Read more...]
Former CEO Jon Corzine may be sued in MF Global scandal
Missing MF Global Funds Found Investigators Find $1.6 Billion, But Getting It Not Easy James O'Toole POSTED: 4:31 pm CDT April 24, 2012 UPDATED: 10:36 pm CDT April 24, 2012 istock NEW YORK (CNNMoney) -- Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from the firm. But just how much of those funds can be returned to the firm's clients, and who will be held responsible for their misappropriation, remains to be seen. James Giddens, the trustee overseeing the liquidation of MF Global Inc, told the Senate Banking Committeeon Tuesday that his team's analysis of how the money went missing "is substantially concluded." "We can trace where the cash and securities in the firm went, and that we've done," Giddens said. MF Global failed last year after its disclosure of billions of dollars worth of bets on risky European … [Read more...]
Mitt Romney is winner in Connecticut and Rhode Island
Romney to shift to Obama and target economy in New Hampshire primary night speechBy Holly Bailey | The Ticket – 1 hr 3 mins ago (Justin Sullivan/Getty Images)Mitt Romney is not expected to call himself the Republican presidential nominee tonight after polls close in five more state primary contests. But according to excerpts of the remarks he'll give in Manchester, N.H., the presumptive GOP nominee will get very close."After 43 primaries and caucuses, many long days and not a few long nights, I can say with confidence--and gratitude--that you have given me a great honor and solemn responsibility," Romney will say, according to speech excerpts released by his campaign. "And, together, we will win on November 6th."Romney's speech, titled, "A Better America Begins Tonight," has been touted by his campaign as the candidate's official shift to the general election match-up against President Obama—even though Romney has yet to lock up the full 1,144 delegates needed to clinch the … [Read more...]
Reuters: One World Trade Center will become NYC’s tallest building next week
Empire State Building about to lose status as tallest in NYC NEW YORK | Tue Apr 24, 2012 6:47pm EDT (Reuters) - One World Trade Center, being built at the site of the fallen twin towers, could surpass the Empire State Building as the tallest building in New York as soon as next week, a city official said on Tuesday. The iconic Empire State Building, built in 1931, was the city's tallest at a height of 1,545 feet to the tip of its broadcast antenna until 1972 when it was overtaken by the original World Trade Center towers. It then regained the title after September 11, 2001 attacks, which destroyed the complex. Construction started six years ago on the new World Trade Center and now the skyscraper, formerly called the Freedom Tower, is poised to surpass the 102-story Empire State Building, Port Authority Executive Director Patrick Foye told reporters. "Weather permitting, we expect that we could exceed the height of the Empire State Building on Monday," … [Read more...]
Newt Gingrich will stay in the Republican presidential race
Results for U.S. Republican Presidential Primaries State Gingrich Paul Romney Santorum reporting 04/24 CT 0% 0% 0% 0% 0% 04/24 DE 0% 0% 0% 0% 0% 04/24 NY 0% 0% 0% 0% 0% 04/24 PA 0% 0% 0% 0% 0% 04/24 RI 0% 0% 0% 0% 0% Source: AP The Republican presidential race will not see many changes after the primary races in Connecticut, Delaware, New York, Pennsylvania, Rhode Island. Sources close to Gingrich are saying that he will stay in the race after today's primaries, and the candidate has no imminent plans on withdrawing from the race....The source states that any present or future speculation of Mr. Gingrich withdrawing from the Republican presidential race is unfounded. Mr. Gingrich is not in the primary race with … [Read more...]
