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It was just announced that the House has approved another $2 billion dollars to keep its “Cash For Clunkers” program going. I first learned about this program from my buddy Brandon’s blog The Almost Millionaire, and commented on it back then. To me, this seemed like a good program that, if handled properly, could offer [...]
So, this is what it’s come to, eh? The economy has gotten to the point where limousines need to be downsized to save money? Ghost This is the new Rolls Royce limousine, called The Ghost. It’s called Ghost because last year’s 4-door limo was called The Phantom; no, that’s doesn’t make much sense either. Still, [...]
A couple of weeks ago, I wrote on an impending problem, that being a collapse of the commercial real estate market. Well, in today’s CNN Money report, there’s a story talking about luxury hotels starting to default on loans, and how that could spell disaster for the travel and vacation industry. I can’t say I’m [...]
Yesterday it was reported that the Nasdaq Composite Index rose 10.18 points, or 0.5%, to 1926.38, its 11th straight rise, a streak not seen since September 1996. The Dow lost 34.68 points, or 0.4%, and the S&P 500 index lost 0.51 points, or 0.1%. That all sounds good for NASDAQ, right? Except for one thing; [...]
In a ruling that absolutely stunned me, a judge here in the Syracuse area has decided that Citigroup overstepped its bounds and ordered that they on a loan that they previously agreed on for the Destiny USA mall project. In essence, what he got them on is what they’ve been doing to many of their [...]
Color me stunned, kind of. After what I wrote a few days ago about Goldman Sachs and JP Morgan Chase, and then my speculation on what might be coming from Citigroup and Bank of America, I can say I was stunned that Citigroup posted a $4.3 billion profit, and Bank of America posted a $3.2 [...]
A poll came out today saying President Obama’s approval rate has fallen below 60% for the first time since he was elected. It was also announced that unemployment went up again, especially in Michigan, which has an unemployment rate over 15%, the highest in 25 years. In a way, we owe James Carville for what [...]
