The following days and weeks will begin a spreading dialogue that will be private through my blog and writing to expand to include the announcement of partnerships to publicly announce the diverse group who has been involved in a project and movement that will have a positive impact on the way our personal financial and business world operates. Then, the national spotlight will be cast on the media stories about our movement including the launch of a foundation, a personal finance media group, and the Dynamic financial product/services business units and model. What movement are you referencing? What are you talking about? I know many questions exist. The one truth is the quality of life and economic climate of America is damaged after the 2008 crisis. The economic success of America is behind the widespread financial health of the consumer base. The consumer base is a financially sick entity. High Unemployment, high poverty levels, and one third of adult Americans are left out of the … [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...]
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...]
The Over-Marketization of Social Behavior
The Over-Marketization of Social Behavior Posted By Flexo On April 20, 2012 @ 11:00 am In Economics | 8 Comments Do you reward your children with money for performing well in school [1]? Do you use the promise of an allowance to ancourage appropriate behavior in the family [2]? These are big issues, because they take appropriate behavior and can turn the incentive to financial gain. Children growing up believing that financial gain is the reward for correct social behavior rather than seeing the intrinsic benefit. The idea that everything has a financial value seems to have become more prevalent over the last two decades, according to a new book. In What Money Can’t Buy: The Moral Limits of Markets [3] by Michael J. Sandel, the author argues that our trend of attributing market thinking to an increasing array of behavior could be detrimental to society. The book has not yet been released as of the time of writing this article, so I haven’t read it yet. A review in Fortune … [Read more...]
April nor’easter dumps rain, snow on East Coast – Boston.com
http://www.boston.com/news/local/new_hampshire/articles/2012/04/23/april_noreaster_dumps_rain_snow_on_east_coast/ April nor'easter dumps rain, snow on East Coast PHILADELPHIA—A spring nor'easter packing soaking rain and high winds churned up the East Coast, unleashing a burst of winter and up to a foot of snow in higher elevations inland and sparking concerns of potential power outages and a wild commute to start the work week in the Northeast. "It's unusual, but not unheard of," said Kevin Fitzgerald, a National Weather Service meteorologist in State College, Pa., where the eastern part of the state saw a rain event, and the west, northwest and higher elevations dealt with snow. Up to 12 inches of snow was expected in the higher elevations of central and western Pennsylvania, as well as New York state, south of Buffalo. A winter storm warning was issued for parts of northeastern Ohio, where 3 to 7 inches of snow was forecast. From the New Jersey shore north through New York City … [Read more...]
