Posts Tagged: investing

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30
Aug 10

The FCC’s Crusade to Keep the Internet Free

Imagine an Internet for which consumers paid a low price for basic service and higher prices for add-ons like 3D video. Or imagine if Comcast (CMCSA), now seeking approval to acquire NBC Universal, allowed its customers to download Universal movies at superfast speeds, while relegating the latest Harry Potter film from rival Time Warner (TWX) to th

…T the right to decide which content will move fast and which should be slowed down.” Others criticized Google for its seeming abandonment of the open Web. “Google has taken a big step back in people’s eyes,” says Craig Moffett, an analyst with New York-based Sanford C. Bernstein (AB). “The company that’s supposed to not be evil is suddenly being characterized by the Net-neutrality crowd as the arch-villain.”

Phone-Style Regulation?

The FCC tried to strike its own accord in talks with the industry that began in June. Unable to reach a consensus, Genachowski ended the discussions on Aug. 5. “Any deal that doesn’t preserve the freedom and openness of the Internet for consumers and entrepreneurs will be unacceptable,” he told reporters. He declined to comment on the Google-Verizon deal, spokeswoman Jen Howard said in an e-mail.

The chairman, an Obama appointee who leads a 3-2 Democratic majority, could argue that rules written for telephone service contain the authority he needs to require that Internet…

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The FCC’s Crusade to Keep the Internet Free

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29
Aug 10

U.S. Stocks Fall for Third Week, Longest Decline Since February

U.S.

…P 500 ended the week down 0.7 percent at 1,064.59 after slumping 1.5 percent on Aug. 24 and rising 1.7 percent yesterday. The Dow Jones Industrial Average dropped 62.97 points, or 0.6 percent, to 10,150.65, extending its decline to 3 percent this month.
Investing in stocks is like being on a tightrope right now, said Michael Mullaney, who manages $9 billion at Fiduciary Trust Co. in Boston. The chance that we get economic acceleration is virtually nil. We re in the midst of a double dip in housing that s going to weigh heavily in the consumer s mind. Bernanke s comments were positive. If he d said anything less than that, it would be surprising.
The…

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U.S. Stocks Fall for Third Week, Longest Decline Since February

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25
Aug 10

Graduating From IOU: Student Loan Debt in America (Graphic)

In this infographic, we take a look at student loan debt in America.

…It’s no secret that, with skyrocketing tuition rates, many college graduates are leaving their Alma Maters with a degree in one hand and a pile of debt in the other. As the Wall Street Journal recently reported, student loan debt has now surpassed credit-card debt: a trend that has sparked heated debate and caused many to question the very necessity of getting a college…

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Graduating From IOU: Student Loan Debt in America (Graphic)

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25
Aug 10

Economy Caught in Depression, Not Recession: Rosenberg - CNB

Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday.

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24
Aug 10

Credit-Card Rates On The Rise? Not At These Banks

When President Obama signed the Credit CARD Act into law last May, industry analysts predicted that tighter, consumer-friendly regulations would force banks to hike credit-card interest rates for everybody.They were, of course, right.

…photo: TheTruthAbout
When President Obama signed the Credit CARD Act into law last May, industry analysts predicted that tighter, consumer-friendly regulations would force banks to hike credit-card interest rates for everybody.
They were, of course, right.
In the months leading up to February 2010, it seemed the banks had engaged in a rate-hike race in preparation of the new credit-card rules, which would prohibit any time, any reason…

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Credit-Card Rates On The Rise? Not At These Banks

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24
Aug 10

9 undesirable jobs that pay well

It can be difficult to land some of the best paying jobs on the market, simply because of the high amount of workers who are applying for those jobs. There are some jobs that pay surprisingly well, considering the lack of interest in them.

…somewhat gross materials and horrible smells make the job less than glamorous. Many fail to realize that these inspectors can make over $65,000 a year.

Toll Collector

The job of a toll collector is fairly boring, simply because the collector sits in one booth for a long shift. Toll Collectors often manage to make over $45,000, however, making the job somewhat worth it.

Crop Duster

Crop Duster Pilots average over $50,000 per year. The job is relatively easy, but is also known as incredibly dangerous. Pilots are expected to fly incredibly low, and are constantly exposed to chemicals that are known for being dangerous, deadly, and toxic.

Crab Fishermen

Crab fishermen stand to make an incredible amount of money in a relatively small amount of time. While some will only make $30,000 a year, others can make over $60,000 (1). The job requires 20-hour days on occasion, but only runs for a few months out of the year. Unfortunately, this is easily considered to be one of the most dangerous jobs…

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9 undesirable jobs that pay well

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23
Aug 10

5 investing bubbles - ‘A fantastic time for bubbles’

Even after multiple crashes, investors still tend to pile into overheated sectors. Where are the biggest risks today?

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5 investing bubblesEven after multiple crashes, investors still tend to pile into overheated sectors. Where are the biggest risks today?1 of 6′A fantastic time for bubbles’Investors have lived through the calamitous crashes of real estate and tech stocks in a single decade. You’d think we would have learned to avoid the sort of frenzied enthusiasm that causes an investing category to see its value inflated beyond all reason. Alas, that is almost certainly not the case. Didier Sornette, who studies bubbles and is a professor at the Swiss Federal Institute of Technology, says low-interest-rate, low-return environments, where everyone is looking for safe havens (sound familiar?), are perfect for new investment manias. “This is a fantastic time for bubbles,” says Sornette. “Right now there is not one bubble, but many, in our analysis.” With a surprising quantity of investing categories looking excessively frothy, Fortune decided to…

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5 investing bubbles - ‘A fantastic time for bubbles’

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23
Aug 10

Guess Who’s Looking at Your Credit Report?

It’s commonly known and generally accepted that banks, credit card issuers, auto lenders, credit unions and finance companies see your credit reports when you apply for a credit benefit.

…Further, they can also see if you have open credit cards with available credit and, thus, the ability to charge the payment for the collection.
Employers
We already know that employers can review your credit reports, in most states, as part of their employment screening…

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Guess Who’s Looking at Your Credit Report?

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20
Aug 10

Failed Currencies (PICS)

Currency devaluation is typically caused by extreme economic and geopolitical crises: think wars and government takeovers. It typically starts with a government’s inability to repay debts, printing too much currency and, ultimately, replacing that currency with a new one.

…Only the most extreme gloom-and-doomers believe in darker scenarios involving hyperinflation or, ultimately, the devaluation of the U.S. dollar.
The truth is, currency devaluation is typically caused by extreme economic and geopolitical crises: think wars and government takeovers. It typically starts with a government’s inability to repay debts (whether domestic or to other countries), prints too much currency (hyperinflation!) and, ultimately, replaces that currency with a new one.
The German Papiermark is one of the most commonly mentioned examples of hyperinflation and currency devaluation: in 1922-1923, the German government printed unbacked currency in order to pay its delinquent international debt, too much money was circulated and, as a result, that money quickly became worthless. within a year, the largest domination of the Papiermark went from 50,000 to…

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Failed Currencies (PICS)

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19
Aug 10

American Stimulus Creates Jobs In China Not America

Maybe this explains stubbornly high unemployment.

…Andy Xie has an interesting angle on why U.S. stimulus won’t work this time around, and we’ve decided to run with it.
Essentially, the world is too globalized today, whereby demand remains local but ’supply is global’.
In the past, when a government stimulated demand within a country, such as the U.S., this stimulated an investment expansion within the U.S.. Companies invested in domestic expansion in order to increase their product supply and meet stimulated American demand. This domestic investment expansion adds jobs, which sets off a cycle of economic expansion.
Yet in today’s globalized world, companies don’t need to expand within the U.S. in order to meet stimulated U.S. demand. They can expand their facilities in other countries, say China, in order to meet stimulated American demand. Thus American stimulus doesn’t create a sustainable cycle of economic expansion within the U.S. as it used to — it creates jobs in places like China rather!
Obviously it’s not quite so black and white. There will be…

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American Stimulus Creates Jobs In China Not America

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