Friday, July 30, 2010

managing your personal finance


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Fox <b>News</b> meets the Swingometer | RedState

From Unlikely Voter: Opinion Dynamics did a generic ballot poll for Fox News, so we welcome Fox to the Swingometer today. Also polled is the President's.

<b>News</b> Quiz | July 30, 2010 - The Learning Network Blog - NYTimes.com

See what you know about the news of the day. ... A 'View' of Obama. 6 Q's About the News | Why do you think the president decided to appear on "The View"? A guest post by our college intern, Carrie Montgomery. July 30 ...

Jennifer Lopez signs deal to become new &#39;American Idol&#39; judge <b>...</b>

Jennifer Lopez has inked a deal to join American Idol's judging panel for its upcoming 10th season, an industry source tells People. The news dropped j...



G20 Summit, London, G20 London, G20 Protests, G20 Demonstrations by G20London2009


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Fox <b>News</b> meets the Swingometer | RedState

From Unlikely Voter: Opinion Dynamics did a generic ballot poll for Fox News, so we welcome Fox to the Swingometer today. Also polled is the President's.

<b>News</b> Quiz | July 30, 2010 - The Learning Network Blog - NYTimes.com

See what you know about the news of the day. ... A 'View' of Obama. 6 Q's About the News | Why do you think the president decided to appear on "The View"? A guest post by our college intern, Carrie Montgomery. July 30 ...

Jennifer Lopez signs deal to become new &#39;American Idol&#39; judge <b>...</b>

Jennifer Lopez has inked a deal to join American Idol's judging panel for its upcoming 10th season, an industry source tells People. The news dropped j...


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G20 Summit, London, G20 London, G20 Protests, G20 Demonstrations by G20London2009































Tuesday, July 27, 2010

foreclosure help


I wanted to circle back to this point I made on our foreclosure panel that I really do think expresses both the frustration and the danger I and some other commentators are feeling about the situation. Simply put, HAMP is hurting liberalism. It’s putting a face of bureaucratic incompetence on a program designed to help people. It’s making the lives of its participants worse while promising to make it better. It’s adding to their indebtedness and failing to reduce their principal.


Of course, we know that it’s not a liberal program in any way, with its maddening structure as a public-private partnership where the lender doesn’t have to make any changes to the mortgage unless they determine it in their best interest to do so. And that design was a conscious choice, not the result of legislative compromise. I have to laugh at that sliver of the liberal commentariat who constantly excuses the President and the Administration for having to make painful choices given the Congress they have. The President, you see, isn’t that powerful, and must work within those legislative constraints. But none of this is true with respect to HAMP. The Administration designed this entirely on their own, using money already appropriated. And they designed it terribly.


In fact, they lied right from the beginning, according to Sen. Jeff Merkley, who was also on the panel. He was told that the White House would devote $50-$100 billion in TARP money to homeowners and that they would fight for cramdown (what he would rather call lifeline bankruptcy) when it came up in Congress. These were the conditions under which Merkley voted to release the second tranche of the TARP money. And neither of these two things really came to pass. The White House stood mute as cramdown failed, and though HAMP is supposed to have $75 billion in backup, they’ve spent less than one-half of one percent of it.


Without the threat of a bankruptcy judge modifying the mortgage as a hammer on the side of homeowners to get lenders to comply, the HAMP design totally failed. It was no longer in the financial interest of the lenders to do anything, and so millions of people come into a system and get really nothing out of it. They end up more indebted and just float along, propping up the banks who don’t want to acknowledge the bad loans still on their books. This was the Administration’s design, specifically Gene Sperling’s design, according to reports. And as I said on the panel, he should be fired for the damage he’s causing. Obama is famous for saying he only cares about what works. Well, this isn’t working.


The more important damage is to those getting no relief on their mortgages, falling victim to predatory lending for the second time, first from the loan officers and now from the government. But on another level, it’s only confirming what Ronald Reagan famously said, that the most dangerous words in America are “I’m from the government and I’m here to help.” That’s true when a neoliberal, extend-and-pretend scheme designed more to save the banks from reality than help people gets implemented. Those people getting foreclosed or losing everything they’ve got can point the finger at one thing, that government didn’t provide a safety net for their struggles. As Elizabeth Warren said on the panel, in the 1930s we had a belief that government could step in and help us with our problems. And that has faded. It faded over the last thirty years with a coordinated demonization of government and it’s fading now because the group in the White House has a different worldview, one oriented toward the banks over the people. And so how can you tell the guy in this story to vote for Democrats ever again?
























WASHINGTON – The Obama administration’s effort to help those at risk of losing their homes is failing to aid many and could spur a rise in foreclosures that would further depress the housing industry.


More foreclosures would force down home prices and that would deter already-ailing homebuilders from starting new projects.


As a result, the economic rebound could suffer. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes paid to local and federal authorities, according to the National Association of Home Builders.


“Foreclosures hold down the pricing for everybody,” said Marty Mitchell, vice chief executive officer of Mitchell & Best Home Builders in Rockville, Md. “As a builder, we have to be cognizant of foreclosures, if there are more coming along, because it affects pricing across the board.”


Home construction plunged in June to the lowest level since October, the Commerce Department said Tuesday. Driving the decline was a more than 20 percent drop in condominium and apartment construction, a small but volatile portion of the housing market. Construction of single-family homes, the largest part of the market, was essentially flat.


Applications for building permits, a sign of future activity, were up slightly. But that was also the result of the volatile apartment market.


The home construction report was released one day after the National Association of Home Builders said its monthly reading of builders’ sentiment about the housing market sank to the lowest level since March 2009.


“We’re going to see very minimal new construction until the stream of foreclosures has ended,” said Jack McCabe, a real estate consultant in Deerfield Beach, Fla.


The glut of homes being sold at foreclosure or as short sales – when a bank agrees to accept less than the total mortgage amount – could rise even faster in the months ahead.


More than 40 percent of the 1.3 million homeowners enrolled in the Obama administration’s mortgage relief effort have fallen out of the program, the Treasury Department said Tuesday.


“The program really hasn’t helped a lot of people, or at least not nearly as many had been hoped for,” said Mark Zandi, chief economist at Moody’s Analytics.


Zandi predicts that about 2 million homes are likely to be sold over the next 12 to 18 months as foreclosures or short sales.


Many borrowers have complained that banks often lose their documents and then claim borrowers did not send back the necessary paperwork.


The banking industry said borrowers weren’t sending back the necessary paperwork. They also have accused the Obama administration of initially pressuring them to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.


Obama officials dispute that they pressured banks and they defend the program. Lenders are making more significant cuts to borrowers’ monthly payments than before the program was launched. And eight of the largest mortgage companies in the program have offered alternative programs to 45 percent of those who fell out of the program.


The government’s program “only reflects a portion of what’s happening in the broader marketplace,” said Raphael Bostic, an assistant secretary for at the Department of Housing and Urban Development.


While developers have cut back on construction and the number of new homes on the market has fallen dramatically, they still must compete against foreclosed homes.







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Fox <b>News</b> Audience Just 1.38% Black

Fox News may be the undisputed ratings champion in cable news, but not among black viewers. The New York Times' Brian Stelter tweeted that, according to Nielsen Media Research, Fox News has averaged just 29000 black viewers in primetime ...

Is Illegal Immigration Bad for America&#39;s Health? « FOX <b>News</b> Health <b>...</b>

Dr.Manny and Fox News-C'Mon Man-Do Ya think we are STUPID? I ain't no rocket scientist but even a dumb Polack like myself figured this one out a LONG time ago.Let's get serious on securing the Border instead of throwing out a Bucket ...

Family: NATO Recovered Body of Missing US Sailor Justin McNeley in <b>...</b>

(July 27) -- NATO has recovered the body of one of the two US servicemen who disappeared in Afghanistan last week, the international force said today, and the military pressed the search for his comrade who's believed to have been ...



Stop Foreclosure billboard - Santan Freeway Loop 202 - Chandler, Arizona by azbillboard


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Fox <b>News</b> Audience Just 1.38% Black

Fox News may be the undisputed ratings champion in cable news, but not among black viewers. The New York Times' Brian Stelter tweeted that, according to Nielsen Media Research, Fox News has averaged just 29000 black viewers in primetime ...

Is Illegal Immigration Bad for America&#39;s Health? « FOX <b>News</b> Health <b>...</b>

Dr.Manny and Fox News-C'Mon Man-Do Ya think we are STUPID? I ain't no rocket scientist but even a dumb Polack like myself figured this one out a LONG time ago.Let's get serious on securing the Border instead of throwing out a Bucket ...

Family: NATO Recovered Body of Missing US Sailor Justin McNeley in <b>...</b>

(July 27) -- NATO has recovered the body of one of the two US servicemen who disappeared in Afghanistan last week, the international force said today, and the military pressed the search for his comrade who's believed to have been ...


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Monday, July 26, 2010

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Mimicking Apple an imperative for PC makers | Nanotech - The <b>...</b>

PC makers are imitating Apple as fast as they can--and for good reason. Read this blog post by Brooke Crothers on Nanotech - The Circuits Blog.

The Informative Spain <b>News</b> | The Ustur

Spain is a beautiful place comprising of many important cities and places. The climate is very differentiating. The major climatic differences can be found.

This Week&#39;s Health Industry <b>News</b> - Prescriptions Blog - NYTimes.com

More earnings reports from health insurers and drug companies, as well as agency hearings on medical devices.



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Sunday, July 25, 2010

1 internet marketing


The SmartScreen team just informed me that we’ve reached an amazing milestone – Internet Explorer 8 has blocked 1 billion attempts to download malware!


Socially engineering attacks like malware are a growing threat on the internet and are one of the most common risks to people’s safety online. We introduced malware protection in Internet Explorer 8 as part of the SmartScreen Filter and have talked about it on the Windows Experience Blog a couple of times over the last year.


Here are a couple of quick facts about Internet Explorer and malware as we hit this 1 billion blocks milestone:



  • NSS Labs have recognized the Internet Explorer 8 SmartScreen Filter as a leader in protection against Socially Engineered Malware in their August 2009 and March 2010 reports which compared Internet Explorer 8 to Chrome, Firefox and others.

  • Our malware block rates continue to improve because we continue to improve the SmartScreen service back-end. For example, in August 2009 we had blocked about 70 million attempts to download malware or about 18 million blocks per month. At the time, according to Net Applications, about 15% of the internet population used Internet Explorer 8. In the last two months, we’ve blocked 100 million attempts to download malware. Last month, according to Net Applications, nearly 26% of the internet population uses Internet Explorer 8. There are 1.7 times more users on Internet Explorer 8 than August 2009 but we’re blocking 5 times more malware month on month.


1 billion malware blocks is an amazing milestone and an example of two things. First socially engineered attacks like malware continue to be a real threat for users on the web. Second, to help keep you safe online your browser needs to continually enhance and improve its service. We have got better and better at blocking malware through the SmartScreen Filter because we have continued to invest in our back end service since we released IE8 in March 2009. It’s this investment that has kept us at the top of the socially engineering malware charts according to NSS Labs and has helped our customers stay safe online.


If you haven’t already upgraded to Internet Explorer 8, now would be a great time to do so at www.microsoft.com/ie . If you’ve already upgraded, you can check that SmartScreen Filter is enabled by going to the Safety Menu and clicking on SmartScreen Filter. If the menu gives you the option to “Turn Off SmartScreen Filter”, the SmartScreen Filter is switched on.


 


James Pratt, Senior Product Manager


Internet Explorer Business and Marketing Team


The SmartScreen team just informed me that we’ve reached an amazing milestone – Internet Explorer 8 has blocked 1 billion attempts to download malware!


Socially engineering attacks like malware are a growing threat on the internet and are one of the most common risks to people’s safety online. We introduced malware protection in Internet Explorer 8 as part of the SmartScreen Filter and have talked about it on the Windows Experience Blog a couple of times over the last year.


Here are a couple of quick facts about Internet Explorer and malware as we hit this 1 billion blocks milestone:



  • NSS Labs have recognized the Internet Explorer 8 SmartScreen Filter as a leader in protection against Socially Engineered Malware in their August 2009 and March 2010 reports which compared Internet Explorer 8 to Chrome, Firefox and others.

  • Our malware block rates continue to improve because we continue to improve the SmartScreen service back-end. For example, in August 2009 we had blocked about 70 million attempts to download malware or about 18 million blocks per month. At the time, according to Net Applications, about 15% of the internet population used Internet Explorer 8. In the last two months, we’ve blocked 100 million attempts to download malware. Last month, according to Net Applications, nearly 26% of the internet population uses Internet Explorer 8. There are 1.7 times more users on Internet Explorer 8 than August 2009 but we’re blocking 5 times more malware month on month.


1 billion malware blocks is an amazing milestone and an example of two things. First socially engineered attacks like malware continue to be a real threat for users on the web. Second, to help keep you safe online your browser needs to continually enhance and improve its service. We have got better and better at blocking malware through the SmartScreen Filter because we have continued to invest in our back end service since we released IE8 in March 2009. It’s this investment that has kept us at the top of the socially engineering malware charts according to NSS Labs and has helped our customers stay safe online.


If you haven’t already upgraded to Internet Explorer 8, now would be a great time to do so at www.microsoft.com/ie . If you’ve already upgraded, you can check that SmartScreen Filter is enabled by going to the Safety Menu and clicking on SmartScreen Filter. If the menu gives you the option to “Turn Off SmartScreen Filter”, the SmartScreen Filter is switched on.


 


James Pratt, Senior Product Manager


Internet Explorer Business and Marketing Team


Premier League <b>News</b>, Daily Ticker: July 24 | EPL Talk

Vidic Signs Long Term Deal With Manchester United Nemanja Vidic has secured his future at Old Trafford with a long-term deal. Manchester United held off.

Google, LA hit speed bumps on move to cloud | Digital Media - CNET <b>...</b>

Google had a June 30 deadline to get all of Los Angeles' city employees up and running on Google Apps, but that didn't happen. Delay could cost Google more than $100000. Read this blog post by Sam Diaz on Digital Media.

Energy and Global Warming <b>News</b> for July 24rd, 2010: World&#39;s first <b>...</b>

You probably won't hear it from columnist George F. Will, Fox News commentators or the plethora of conservative blogs that have claimed global warming essentially stopped in 1998, but recent figures released by the National Oceanic and ...


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Internet Marketing From Scratch | LIVE Training - Tim Thompson 1 by Tim Thompson | Internet Marketing From Scratch

























Thursday, July 22, 2010

managing your personal finances

As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…









As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…










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Small Business <b>News</b>: Social Media, SEO and Marketing | Small <b>...</b>

Small business in the Internet age is still about marketing. In this case much of that marketing takes place online. The tools you will use include social media.

Keith Olbermann Blasts Fox <b>News</b> Over Shirley Sherrod, Begs Obama <b>...</b>

Keith Olbermann suspended his vacation Wednesday night to return to "Countdown" with a Special Comment on the Shirley Sherrod scandal. Olbermann blasted Fox News and right-wing media while at the same time calling upon President Obama ...

Reid Abandons Cap &amp; Trade in Face of Bipartisan Opposition « The <b>...</b>

Hitting a wall of bipartisan opposition to placing a price on carbon, even if just in the utility.



G20 Summit, London, G20 London, G20 Protests, G20 Demonstrations by G20London2009


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Small Business <b>News</b>: Social Media, SEO and Marketing | Small <b>...</b>

Small business in the Internet age is still about marketing. In this case much of that marketing takes place online. The tools you will use include social media.

Keith Olbermann Blasts Fox <b>News</b> Over Shirley Sherrod, Begs Obama <b>...</b>

Keith Olbermann suspended his vacation Wednesday night to return to "Countdown" with a Special Comment on the Shirley Sherrod scandal. Olbermann blasted Fox News and right-wing media while at the same time calling upon President Obama ...

Reid Abandons Cap &amp; Trade in Face of Bipartisan Opposition « The <b>...</b>

Hitting a wall of bipartisan opposition to placing a price on carbon, even if just in the utility.


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Wednesday, July 21, 2010

personal finance planning


Mint.com is arguably one of the most popular personal finance management tools out there. For all that it has done well, up until this week, it hasn't been the best place to track financial goals. Now, with the introduction of Mint Goals you can link all of your financial goals with the accounts that you have connected to Mint to better track your progress.



Mint Goals improves on the Planning section, which Mint users had until now used for goal-setting. The new Mint Goals section provides users with eight goal areas which can be tailored to the individual so that the goal is realistic and achievable. These eight goals include getting out of debt, saving for an emergency, saving for retirement, buying a home, buying a car, saving for college, taking a trip and improving your home; you can also set a custom goal.



Mint Goals Video from the Wall Street Journal:









When you create a goal Mint will ask you a few questions to find out when you want to achieve it and suggest a monthly contribution to this account. If you have Mint connected to all of your accounts the service can use the data it already has to automate some of the planning process. For example, if you are setting up an emergency fund, Mint knows about how much you spend a month so it is easy to figure out how much you need to cover three months' worth of living expenses. If you are working to pay down debt, and have your credit cards linked, you'll get a look at what you owe and a pay-down plan based on that amount.



After you choose the amount you want to save, Mint allows you to link the goal to a specific account, add a new account or suggests an account to open that fits the goal's purpose. When I was setting up an emergency fund goal, Mint shared several high yield savings accounts.



If your goal is getting out of debt, Mint may suggest that you get a loan through a partner like Lending Club, a peer to peer lender that offers personal loans at rates more than 50% lower than the average credit card APR. The suggested accounts are not all encompassing and you should still take a few steps to find the best bank or account for you.



In addition to budgeting for your day-to-day expenses, setting a goal for purchases and events such as buying a new HDTV, a house or taking a vacation is an important step to getting out of debt and staying out. If you need help after setting up your goals, Mint provides a checklist of to-do items and advice. You can also come back to WalletPop to learn more about all topics personal finance.



What do you think about the new Mint Goals?

Earlier today Phandroid seemed to have off-contract pricing information on the upcoming T-Mobile Samsung Vibrant – the T-Mobile variant of the Samsung Galaxy S – as $329 without contract. Sounds great right? Well, that was taken down from the T-Mobile site promptly – turns out the actual off-contract pricing is set at $450.

T-Mobile contacted Phandroid and informed them that the actual off-contract price of the device was $450. The pricing makes sense. It would not be so smart for Magenta to have priced the device  at such a low price, as that would encourage people to just buy the device outright and not get on a contract (the more lucrative option for any carrier). T-Mobile, the 4th largest carrier in the US needs all of the customers it can get, whether its on or off contract, but contracts are what make you stay with the carrier. As such, T-Mobile would like to wrangle you into paying them for two years of your life, as does every other carrier.

The $49 pricing applies to the Even More Plus plan T-Mobile offers, which is a contract free plan that offers the option to pay for your no-contract phone in installments – think of it as smartphone financing. I’ve been on this plan since it was debuted late last year, and the option to finance a phone is really convenient. Paying $20 extra dollars per month for a MyTouch 3G (that I never use, but still a decent back up) is no problem in my book. It gives the customer the option to leave T-Mobile, but would still have to pay the remainder of the financed device. I’d expect this option to be available for the Vibrant as well when it comes to this specific plan, but the monthly payment price is not yet known. In the picture below, it states that you can pay for the device over time for as little as $16.50 a month, but since it was taken down, the price could be higher.

After being in contracts for so long, and wanting a different phone almost every other month, I started buying smartphones unlocked or at full no-contract prices. I can leave any carrier of my own accord, and I can take my phone with me (to AT&T…..). $450 for a phone is not bad, especially for a Samsung Galaxy S. And, there’s no doubt that the T-Mobile Samsung Vibrant will be the best Android phone T-Mobile has ever put in their line up.

I was planning on getting this device, but now I think I’m going to wait another six months until we start seeing some Gingerbread devices hitting market. Anyone else out there thinking the same thing?

[Via: Phandroid]


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<b>News</b> Outlets Close to Suing Obama Administration Over Gitmo Rules <b>...</b>

For the Times, Post, and a group of other top media outlets, the banning of a veteran reporter from the detention center may have been the last straw.

Panasonic officially announces DMC-LX5 premium compact: Digital <b>...</b>

Panasonic officially announces DMC-LX5 premium compact: Panasonic has officially unveiled the DMC-LX5, successor to the popular LX3. The latest model features a revised sensor, longer zoom range and improved control layout without ...

Fujifilm unveils F300EXR compact superzoom with Hybrid autofocus <b>...</b>

Fujifilm unveils F300EXR compact superzoom with Hybrid autofocus system: Fujifilm has unveiled the FinePix F300EXR which debuts a new Hybrid autofocus system that the company claims is as fast as that on DSLRs.



Sponsor: Glifton Gunderson LLC by Julia Delligatti






























Tuesday, July 20, 2010

how to budget personal finances



Here’s a timeline of this presentation:



  • The question

  • The expenses side: What would you cut first in order to survive?

  • The income side: How could you double your income next month?


In order to derive any benefit, you’ll need to really adopt the mindset implied in the question. Don’t focus on whether it’s possible, but instead on what would realistically be the first expenses to go and the first steps to replacing the income.


Once you’ve made a list for both sides of the question, you’ll want to review it for any areas that seem realistic, even at your current full income. For example, your first steps may include selling an extra car, canceling an expensive cable package, and slashing your grocery budget in half. In this situation, you’ve likely brainstormed areas of your budget where you aren’t spending as optimally as you may like. You may choose to go ahead and try some of those options out, or at least take steps to narrow the gap between your life at 100% income and your life at 50% income levels.


The same process is important when attempting to make the income back as quickly as possible. Realistic options could include enrolling in a course (applying for aid if needed), launching a side business, and/or picking up new clients or leads. Nearly every time I brainstorm options for doubling my business income, I unearth something I hadn’t thought of before. Acting on these new ideas has helped me tremendously in generating new income (even if it doesn’t immediately double it)!


The next time you’re feeling a bit complacent in your finances, try exploring this simple question. What would be the first expenses you’d cut in order to survive on only half your income? What would be the first steps you’d take if you had to earn it back? I think you’ll be pleasantly surprised by the results of this experiment!











Here’s a timeline of this presentation:



  • The question

  • The expenses side: What would you cut first in order to survive?

  • The income side: How could you double your income next month?


In order to derive any benefit, you’ll need to really adopt the mindset implied in the question. Don’t focus on whether it’s possible, but instead on what would realistically be the first expenses to go and the first steps to replacing the income.


Once you’ve made a list for both sides of the question, you’ll want to review it for any areas that seem realistic, even at your current full income. For example, your first steps may include selling an extra car, canceling an expensive cable package, and slashing your grocery budget in half. In this situation, you’ve likely brainstormed areas of your budget where you aren’t spending as optimally as you may like. You may choose to go ahead and try some of those options out, or at least take steps to narrow the gap between your life at 100% income and your life at 50% income levels.


The same process is important when attempting to make the income back as quickly as possible. Realistic options could include enrolling in a course (applying for aid if needed), launching a side business, and/or picking up new clients or leads. Nearly every time I brainstorm options for doubling my business income, I unearth something I hadn’t thought of before. Acting on these new ideas has helped me tremendously in generating new income (even if it doesn’t immediately double it)!


The next time you’re feeling a bit complacent in your finances, try exploring this simple question. What would be the first expenses you’d cut in order to survive on only half your income? What would be the first steps you’d take if you had to earn it back? I think you’ll be pleasantly surprised by the results of this experiment!










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Debt. Who doesn't have debt? Barely anyone I know! However, debt can be controllable, or it can be over-whelming. Which category of debt are you in? If you're ready to take charge of your debt and get in control of your finances, here's how to do it.

Add Up Your Total Debt - Yes, put it all on paper and figure out exactly how much you owe. Ignorance may be bliss, but knowledge is power. The first step to debt freedom is knowing how much you owe and who you owe it to. Don't leave anything out, and more importantly, don't freak out when you see the bottom line!

Stop Spending - In case that was difficult to understand, let me put it another way - Stop Spending Money! Take the time to figure out exactly where your money is going and cut out what is not necessary. Many will be almost shocked to see where their money is going. The good news is that by simply finding out where you spend, you have also found places to cut back.

Repay Your Debt - This is the hard one, but you need a plan of repayment for the debt you have. More importantly, don't take on more debt during this time. Your primary goal now is to pay off the debt you currently owe to others. Contact your creditors to see if you can work out a lower interest rate or a more suitable payment plan, but get that debt paid off. Remember, this will not happen over-night, but as each outstanding debt gets paid off, you will feel financially lighter!

Create a Monthly Plan and Budget - A healthy financial budget will have you spending no more than 35 percent on a mortgage (or rent), 15 percent on vehicles and gas (don't forget insurance), 10 percent to savings, 15 percent to paying off debt, and 25 percent on your future. Figure out what you bring in each month then distribute your funds to each category. Stick to your budget.

Make a Priority List of Your Debts - Secured debts (as in loans attached to your home or car) come first. Pay these bills on time all the time as well as your utility bills and necessary expenditures (like doctor visits, etc). Second is the government. Make sure your taxes are paid. Unpaid taxes can cause some real havoc down the road so take care of it now. Lastly, pay towards your credit card bills. As stated previously, take the time to contact the credit card companies. Many will work with you as far as interest rate and repayment options.

Earn More Money - Simple, but there are only so many hours in the day, aren't there? Any opportunity to bring in a little extra cash to the household is worth it.

Tough Love and Tough Choices - If bringing in more money isn't an option, but you can't cut it financially with the amount of income already coming in, you may need to make some tough decisions. A less expensive place to live is one option. Perhaps only one car payment may be a needed alternative until you are financially stable again.

Save, Save, Save - A little bit of money can sure add up. Just think, if you can muster up $10 a day to save and can get 8 percent interest, you will have $57,000 in ten years! In twenty years, you will have $180,000! All that off $10 a day! Keep in mind that a $10 a day investment is an investment into you and your future! To me, that is the best investment of all!

With some time and effort, as well as this step-by-step plan of action, you can be on the road to seriously regain control of your finances and debt. There is no better investment than that of you and your family. Start today!





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EA announces Alice: Madness Returns <b>News</b> - Page 1 | Eurogamer.net

Read our news of EA announces Alice: Madness Returns.

Haredim riot over &#39;obscene&#39; plasma screen <b>news</b> updates - Israel <b>...</b>

Jewish Scene: Some 25 Eda Haredit members protest outside postal branch in Bukharim neighborhood in Jerusalem, demanding Ynet news updates shown inside site's screens be removed. Two rioters who broke inside, hit security guards ...

Ali Larter Baby <b>News</b>! at The Insider

Ali Larter Baby News! ... Home � News � Videos � Movies � Photos � Celebrities � Obsessions � Games � Congratulations! July Newly Weds � Stars show off Celebrity Entertaining � NEW You Choose Lara's Look � Celebrities On Motorcycles ...


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Monday, July 19, 2010

managing your personal finance

As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…









As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…










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If you're an adult, there's a pretty good chance you have a small group of munchkins running around that you sometimes admit are your children. They maybe young now, but some day in the future, they're going to have to have to leave the nest, and go to some sort of college or technical school. Of course these things are not free, college costs money, and it's costing more money every year.

The cost of tuition increases on average 7% annually. This means that you will have to save 2 to 3 times the amount of money the child would if he or she went to college today. It might be a bit less than that if your student is already a teenager. So where is this money going to come from? The way I see it, you have a few different options.

When going into this, just remember that it's not mandatory to pay for all of your children's college. In some cases, you are better off to make them pay for it themselves. This will force them to learn what they need to know about personal finance so that they can continue to afford go to school. It will also better encourage them to apply for scholarships if they have to pay for it themselves. When you pay for a child's college entirely, often times it get wasted and your son or daughter will end up drinking themselves out of school and it does happen more often than you think.

This doesn't mean that you can't pay for some of your student's college education. A good compromise is to pay for half. This way your student will either have to work hard and get scholarships for the rest, or they will have to find a part-time job. If you remember your consumer math, you can figure out how much it will cost for your student to go to school by seeing how much tuition, fees, books and board would go for today at an in state school and multiplying that by 2 or so. Next put out a savings calculator and see how much you would have to save at with about 10% interest. Go open up a 529 college savings plan or an educational savings account, and start putting a set amount in that each month for your children's college. When their times has come to go to college, them money will be there for them.

There are some instances when it is okay to pay for all of your children's school, but these cases are few and far between. If your child has taken an active interest in money and are good at managing what they have, and has demonstrated that they are committed to their education (scholarships, good ACT scores, good grades), then there's not much of a problem paying for your children's college, because then you will know that they won't mess it up. It's also a good idea to say that you'll only pay for their college if they maintain a 3.0 grade point average, and if they don't, the mom and dad scholarship goes away. This will help keep them focused on their schoolwork.





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The Taiwanese <b>News</b> Animates the iPhone 4 Antenna Saga (With Very <b>...</b>

The same Taiwanese outlet that does those Sims-style animations to better illustrate the news has done it again for Steve Jobs and the iPhone 4 antenna saga. No spoilers, but there's a very special guest this time. [Thanks Michael!]

Muhammad Cartoon Activist Molly Norris Lands on al-Qaida Hit List

(July 12) -- Molly Norris, the American cartoonist who started Everybody Draw Mohammad Day, has been placed on the hit list of radical Muslim cleric Anwar al-Awlaki.

This Week&#39;s Health Industry <b>News</b> - Prescriptions Blog - NYTimes.com

Congress and FDA are to review genetic testing this week while some major drug makers report their second-quarter earnings.


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Friday, July 16, 2010

personal finance budgets


Mint.com is arguably one of the most popular personal finance management tools out there. For all that it has done well, up until this week, it hasn't been the best place to track financial goals. Now, with the introduction of Mint Goals you can link all of your financial goals with the accounts that you have connected to Mint to better track your progress.



Mint Goals improves on the Planning section, which Mint users had until now used for goal-setting. The new Mint Goals section provides users with eight goal areas which can be tailored to the individual so that the goal is realistic and achievable. These eight goals include getting out of debt, saving for an emergency, saving for retirement, buying a home, buying a car, saving for college, taking a trip and improving your home; you can also set a custom goal.



Mint Goals Video from the Wall Street Journal:









When you create a goal Mint will ask you a few questions to find out when you want to achieve it and suggest a monthly contribution to this account. If you have Mint connected to all of your accounts the service can use the data it already has to automate some of the planning process. For example, if you are setting up an emergency fund, Mint knows about how much you spend a month so it is easy to figure out how much you need to cover three months' worth of living expenses. If you are working to pay down debt, and have your credit cards linked, you'll get a look at what you owe and a pay-down plan based on that amount.



After you choose the amount you want to save, Mint allows you to link the goal to a specific account, add a new account or suggests an account to open that fits the goal's purpose. When I was setting up an emergency fund goal, Mint shared several high yield savings accounts.



If your goal is getting out of debt, Mint may suggest that you get a loan through a partner like Lending Club, a peer to peer lender that offers personal loans at rates more than 50% lower than the average credit card APR. The suggested accounts are not all encompassing and you should still take a few steps to find the best bank or account for you.



In addition to budgeting for your day-to-day expenses, setting a goal for purchases and events such as buying a new HDTV, a house or taking a vacation is an important step to getting out of debt and staying out. If you need help after setting up your goals, Mint provides a checklist of to-do items and advice. You can also come back to WalletPop to learn more about all topics personal finance.



What do you think about the new Mint Goals?

What a fantastic basic concept.

Hitler lost the second world war because he attacked Russia too soon. udervise ve vood all be speeking Deutsch now.


We employed the alternative massively effective budgetting tool.


Be a self employed Engineer for 15 years with take home pay of £50K a year and spend it all (and more besides, because ‘I want one of those NOW’) because ‘my jobs safe’.


Watch as the banks destroy the worlds finances.


Suddenly realise that over 90% of British industry is ultimately owned by Japanese investment banks, who suddenly have no money to fulfill their legal obligations to complete legislation driven improvment projects.


Watch as my £50K a year take home falls to ZERO.


Start a brand new business with Kleeneze (sorry not available in the USA) Which although it’s building really well is , after all, a business and needs time.


Suddenly HAVE to live on £18K a year GROSS.


Best Motivation for re-inventing your budget that anyone can have LOL.


We used to spend about £1,000 a month on groceries, now we spend around £300 a month, AND we eat more healthily.


Fortunately the finance on my car ended a month after our income disappeared saving us £375 a month.


We’ve sold my wifes’ car (THAT hurt) it was a really nice car, but it was costing us £489 a month in finance.


We’ve moved to a cheaper house saving us £400 a month in rent.


We’ve cancelled everything that wasn’t absolutely essential - including SKY and the TV license (It’s true, you don’t die if you turn the telly off!)


We still have creditors who we’re negotiating reduced payments and frozen interest with, but basically we are starting again from scratch.

We won’t fall into the credit trap again

Certainly not in the next six years or more ‘cos no-one in their right mind will give us credit now anyway!!


The one thing that keeps coming back to me though is


WHY aren’t our schools teaching kids how to budget? It’s a thousand times more important than even the basics.


Who cares if you can’t spell budgit if you can make one and stick to it.


It CAN’T be one of the things that are left to parents because nobody ever taught us!


Back to subject,

Your article is brilliant and if it helps one person (which I’m sure it already has) to get out or stay out of debt then you’ve done a service to humanity.


Keep it up &

we’ll see you

OVER the top




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IBN7 is new No.1 Hindi <b>News</b> Channel - India <b>News</b> - IBNLive

IBN7 has emerged as the new market leader in the Hindi News genre. The channel has consistently set standards in Hindi News Journalism with its independent voice, thought provoking reportage and unparalled coverage.

Mozilla disables password-stealing Firefox add-on | InSecurity <b>...</b>

Mozilla Sniffer is downloaded about 1800 times before being disabled and blocked for stealing passwords. Read this blog post by Elinor Mills on InSecurity Complex.

Balloon Juice » Blog Archive » <b>News</b> break

61 Responses to “News break”. 1. July 15th, 2010 at 5:12 pm. Joseph Nobles. Somebody's getting laid tonight. Reply. 2. July 15th, 2010 at 5:13 pm. beltane. There is already a diary up at GOS about how the Goldman Sachs settlement is ...



Home and Money Tips at the Quizzle Blog by QuizzleTown







Home and Money Tips at the Quizzle Blog by QuizzleTown






























Thursday, July 15, 2010

foreclosure victims






ANAHEIM, Calif. — Money problems and marital troubles were being investigated as possible motives in a couple's murder-suicide and the critical wounding of their 3-year-old son, police said.



The boy, who hid behind a trash can in the backyard for more than 12 hours before he was rescued Monday, remained in critical but stable condition, recovering from at least three bullet wounds to his hip, shoulder and torso, Sgt. Rick Martinez said,




The boy's father, Wayne Zickefoose, 51, shot his 39-year-old wife Herminia Zickefoose Sunday night and tried to kill his two sons, police said. The 3-year-old was trapped in a corner of the backyard. A shot aimed at his 5-year-old brother missed. The boy was inside the house, and the shot was fired through an open doorway, Martinez said.



The family had money troubles and their home was in foreclosure, police said.



The home was purchased in 2001 with help from a loan backed by the U.S. Department of Veterans Affairs, according to records obtained by The Orange County Register.



In 2007, the couple borrowed $462,000 from Countrywide Home Loans and began missing mortgage payments on that loan last year. The bank sent a notice in March that the home could be sold at public auction on April 1. At the time, interest and other charges added to the main loan had pushed the debt on the mortgage to nearly $500,000, the newspaper reported.



Civil court records also show that a woman identified in one case as Hermie G. Zickefoose and in another as Herminia Zickefoose had amassed more than $26,000 in debt on four credit cards, according to the Register.



The shooting was discovered Monday when a co-worker of Wayne Zickefoose stopped by because he had failed to show up for work at an auto body shop.



The 5-year-old boy came to the door and told the co-worker his parents had been shot. The co-worker's wife, who was waiting in a car, called 911, Martinez said.




And another also relevant to the "foreclosure anxiety" case of Faisal Shahzad:



Fitzgerald: "Nut cases" and learning from experience



Jihad Watch Board Vice President Hugh Fitzgerald discusses a case of a non-Muslim Westerner learning from experience -- and ponders why such cases are so rare among Western dhimmis.



On NPR recently I heard the mellifluous Robert Siegel -- so mellifluous that he punches above his weight, and one is disinclined to pluck out his idiocies because he is well-spoken -- describe a friend of his who had had relatives, or his own friends, die in the World Trade Center Attacks. That friend, hitherto an opponent of capital punishment, had described to Siegel his own new-found willingness not merely to contemplate, but to wish with his own hands to execute, the death penalty on Moussaoui, Osama Bin Laden, and the others he connected to that attack.



So, Siegel's friend turns out to be a former death-penalty opponent who begins to see the matter differently because of his close ties to the victims of murder. He is one more of those souls who have a limited imagination, and who must endure experiences himself in order to learn from them; anything that might be learned, through the experiences of others, recorded and accessible to others, will not do it. The imaginative sympathy, a faculty once encouraged by literature and the study of history, is merely vestigial in him. But still, at least he was able, this friend, to arrive at some home-truths, while there are some who not only lack the wit to learn from the experience of others (as found in works of history and, often, of literature) but even lack the wit to learn from their own experience. For there are now many who continue to interpret away, in ways that prove most comforting to them, even the evidence of their own senses.



Siegel goes on to tell us that his friend describes Moussaoui as a "nut case." That, of course, is nonsense. Had Siegel's friend, had Siegel himself, had others at NPR, taken it upon themselves -- and a certain leisure is required for this task -- to study Islam and jihad and to think clearly about how such belief-systems can operate, none of them would think Moussaoui was anything but sane. Here one must not think of the local etiolated church service, but rather of the kind of indoctrination given to those admitted to the Army of True Communists (in the early days), or True Nazis (at any time).



Moussaoui is not a "nut case." He is a perfectly rational and devout believer in what the Qur'an, and the Sunna, tell him. And he is not unusual in his understanding of what Qur'an and Sunna stand for, of the hostility, even murderous hostility, those immutable texts teach Muslims to feel toward all Infidels. Unless Robert Siegel is willing to study those texts, those of Qur'an and Hadith, and the life of Muhammad, he has no business assuming, and passing on that assumption to unwary listeners, that Moussaoui must, of course, be a "nut case." For there are tens or even hundreds of millions of Believers who, like Moussaoui, divide the world uncompromisingly between Believer and Infidel, between the Domain of Islam, Dar al-Islam, and the Domain of War, or Dar al-Harb, and are perfectly aware of the duty imposed on them to push back the boundaries of Dar al-Harb until, ultimately, the rule of Islam is established everywhere. This is not a fabrication of perfervid mad-dog Infidel brains. It has been studied, at great length, by a great many Western scholars -- the scholars who lived and wrote and published in an earlier, less frightened and less inhibited age. Many of these scholars are represented in the anthology "The Legacy of Jihad." Islam has not changed. What has changed, since 1973, is the wherewithal that Islamic peoples and polities have acquired, including the nearly ten trillion dollars in OPEC oil revenues, and the other instruments of Jihad, including the foot-soldiers, the millions of Muslims who, in roughtly the same period, were admitted into, and allowed to settle deep within, the countries of Western Europe -- that is, within the Lands of the Infidels, behind enemy lines, as Muslims (but not those innocent Infidels) regard them.



There are millions who may not do as Moussaoui (who grew up in France) has done, but who support what he did, and who understand perfectly what prompted it. And it was not a matter of his being a "nut case." It is Moussaoui, and Osama bin Laden, and all the members of Jaish-e-Muhammad, and Laskar Jihad, and Hamas, and Hezbollah, and Al Qaeda, and As Sayyaf, and a thousand other groups, and millions who belong to no groups, who have the Qur'an and the Hadith and the example of Muhammad on their side. Unless and until a great many more people cease to soothe themselves with the comforting idea that all these people are merely "nut cases," and begin to look at, and to study with comprehension the Qur'an, and also -- this should never be overlooked -- the still more telling Hadith, they will continue to be surprised by a steady stream of such “nut cases.”



Mere reading of the Qur'an will not be enough. In both French and English it is far softer in its meaning than the original. And the reader may not be aware that Islamic tradition has resolved contradictory statements using the interpretative device of "naskh" or abrogation, resolving them always and everywhere in favor of the harsher verses, with the softer ones being cancelled.



And even reading and rereading the Qur'an and the most authoritative collections of the Hadith, and then studying the most salient aspects of the life of Muhammad, uswa hasana, al-insan al-kamil, that Perfect Man, will not be enough. It takes time for it all to sink in -- and to imagine, to begin to comprehend, the effect it has on the minds of hundreds of millions, and even how the effect of filial piety, or civilizational pride, can cause otherwise intelligent people born into Islam to accept the monstrousness of it all, and to defend it and apologize for it in front of questioning and skeptical Infidels.



But let us pretend that Moussaoui, and tens of millions of others, are merely "nut cases." Suppose that were true. Suppose, that is, that only "nut cases" would take the passages of Islam and seek to act on them as Moussaoui did. And suppose, further, that the only thing we Infidels had to worry about were acts of terrorism, and not the slow transformation of our own societies (beginning with the sudden self-imposed limits on the practice of freedom of speech, by almost the entire American press, and now even by that supposed total iconoclast and brave disrespecter of all pieties, Comedy Central).



What then? How many "nut cases" are there? Well, the problem is that in any society, millions and millions of people at one time or another fall into depressions. In the United States, more than 15 million people at any one time are said to be severely depressed. When this happens to Infidels, they can blame all sorts of things: their parents, their children, their siblings, Amerika, The System, The Man, the Republicans, the Democrats, immigration, affirmative action, lack of affirmative action, crooked financial analysts, Wall Street speculators, Chinese and Indian competition, Fate, the stars in their alignment, their cholesterol level, their serotonin level -- even, at times, themselves.



What happens when a Muslim finds himself in disarray? You are Muhammad Atta, and things are not working out in Hamburg, where you set off to study urban planning, and you are not the great success you were supposed to be, and the Western world is so baffling, so confusing. You are Raed Albanna, dancing the night away in cocaine-soaked clubs of West Hollywood, and you are piling failure upon failure, for you failed to establish a practice as a lawyer in Jordan, and you need to find a solution more permanent and steady than that offered by that cocaine, those girls, that music by Nine Inch Nails.



When "Mike" Hawash, an Intel engineer with an American wife and three American children, earning $360,000 a year and the respect of his colleagues, turned to Islam and more Islam, and then deeded over his house to his wife, and made plans to fight the Americans in Afghanistan after the Al Qaeda attacks in New York and Washington, was he a "nut case"? Or was he someone who, in his recent return to Islam, was only reflecting his need for Islam and more Islam as a stay against confusion and depression? And if the Answer for Muslims, even those who are not especially observant, and who seem to be thoroughly Westernized and to have been the recipients of the best the West has to offer, is Islam and more Islam, then the Western world, the world of Infidels, owes it to itself to protect its own legacy, and to scrutinize closely and carefully control the immigration of those who, in moments of the kind of doubt or depression that come upon all of us, will always and everywhere turn, or return, to Islam.



[Posted by Hugh on April 16, 2006]




astorino


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Saturday, July 10, 2010

1 internet marketing


Please join us at TechCrunch Disrupt San Francisco on September 27-29 2010.


It started as an experiment in New York this past May. We sensed a fundamental shift taking place with technology and media—a shift in platforms, applications, revenue models and consumer behavior—and we wanted to talk about it. Appropriately, we found an old Merrill-Lynch office building and took it over for three days to test a new event format, TechCrunch Disrupt. We had 3 objectives: (1) gather the best minds to debate what’s changing now and what to do about it; (2) showcase the hottest new startups we could find and (3) have fun and meet a ton of new people.


The response was more than we could have hoped for. Charlie Rose opened the show. Mayor Bloomberg stopped by for a surprise visit. Carol Bartz even made me blush (sort of). Twenty five new startups launched on stage. Over 100 other startups demo’ed their services in the wings. 1,700 tech enthusiasts showed up—rivaling our biggest events to date in San Francisco.


So we’re going to keep blowing it out, and we hope you’ll join us for TechCrunch Disrupt San Francisco, September 27-29 at the San Francisco Design Center Concourse. The main agenda will run 9 am – 6 pm, but save your evenings for after-parties and lots more networking fun.


Disrupt SF will explore the Third Wave, a phrase coined by John Doerr in his interview with Charlie Rose. If the First Wave was the PC, and the Second Wave was the Internet, now the Third Wave is a combination of the social and mobile layers accelerating everything on the Internet once again from geo apps and tablet computing to social commerce.


Disrupt SF will also feature our new startup competition, the Startup Battlefield, where approximately 25 new startups will participate in a tournament-style launch competition to demonstrate their technology, business and marketing disruptions. One lucky company will take home the grand prize Disrupt Cup trophy (passed on from last May’s winners, Soluto) and a $50,000 check, and others will receive special awards and accolades.


So let the disruption begin. Startup applications are open today, hosted by Producteev, through midnight PST, August 8. We review applications on a rolling basis, so please apply as soon as you are ready for consideration. You can read all the fine print for rules and eligibility here. Just remember our motto: Create, Destroy, Repeat.


The Disrupt SF list of speakers and agenda will be announced on over the coming months, but grab our extra early bird tickets asap (best prices through July 31 via Eventbrite.)










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Friday, July 9, 2010

foreclosure listings


From a report emailed to me over the weekend:



At the core of the foreclosure-prevention strategy is ignoring delinquencies. The percentage of older delinquent loans not yet in foreclosure is startling: 60% have at least 12 missed payments, and 35% have at least 18 missed payments. Add to this that three-fourths of delinquent loans are not in foreclosure, and we see that hidden losses well exceed those in the open.


Uh, they're not being "ignored" - this is systemic and intentional fraud.


Remember, these loans are either being held by someone or securitized into some sort of package.  When you have a loan that has no chance of "curing" (to cure a loan with 12 missed payments the borrower would have to come up with the 12 payments to bring it current!) that loan should be carried at its recovery value - that is, the value of the collateral that can be seized and sold, LESS the cost of eviction, remediation and resale.


Does anyone recall all the entries I've written about getting competent legal and accounting (tax) advice before proceeding with any sort of action regarding walking away, short sales or foreclosure?  This same report says:



Many homeowners would be better off going into foreclosure, than doing a short sale. Short sales are fraught with potential legal, credit, and complicated tax issues. For example, someone who refinanced could owe capital gains taxes, which are not forgiven under federal and California temporary debt relief acts. In the foreclosure route, borrowers can live in their house mortgage-free for at least one year, maybe two years. Both short sales and foreclosures are reported as “account not paid in full”, and are equally damaging to a credit score. An exception exists if short sellers can negotiate better terms with their lender on recourse liens. The other possible advantage to a short sale is the ability to get a mortgage again in 2 years (Fannie, Freddie), rather than having to wait 3-5 years after a foreclosure.


Homeowners pursue short sales, unaware of the problems they are creating for themselves. Their agents never warned them of deficiencies, ruined credit, taxes due on forgiven debt, or legal consequences. Agents made flowery promises to get listings, and now the lawsuits are starting.


No, really?  You mean that people in the real estate business are less than truthful with their clients?  That would never, ever happen with licensed professionals, right?


Then there's this, which I also have written about:



Another gray area is junior lien holders asking buyers for additional payments. As the market improved, juniors were no longer content with $3k thrown to them from the senior. They now want 10% of the junior note. They argue the additional payment is legal practice because the payment is made to escrow and appears on the HUD-1. However, they are actually hoping the senior lien holder does not read the HUD-1. The California Association of REALTORS® position is that all payments made by the buyer or agent in the purchase of a short sale must be part of the written short sale agreement signed by the senior lien holder. Concealing payments from seniors is loan fraud, and omitting these payments from the HUD-1 closing statement may violate RESPA. Some seniors reinstate their security interests because of the fraud. It’s surprising that the biggest banks are responding, when pressed on the fraud of their request, “just do it if you want the deal done”.


Right.  Big banks saying "just do it"?  Why would they do that?  Is it so they can re-instate their security interests?  No, nobody would ever do anything that hoses the consumer, would they?  Naw.....



Few people understand that the bank that gave them their mortgage turned around and sold it into a mortgage bond, and the “bank” on their mortgage statement is actually a servicer.


Actually, it's a bit more complicated than that.


As I've been working on (and writing on) for a long time, and as a few attorneys are now starting to understand, the entirety of this process was corrupted and is rife with outright fraud from top to bottom.


Let's go through a (partial) list of the problems:




  • From a report emailed to me over the weekend:



    At the core of the foreclosure-prevention strategy is ignoring delinquencies. The percentage of older delinquent loans not yet in foreclosure is startling: 60% have at least 12 missed payments, and 35% have at least 18 missed payments. Add to this that three-fourths of delinquent loans are not in foreclosure, and we see that hidden losses well exceed those in the open.


    Uh, they're not being "ignored" - this is systemic and intentional fraud.


    Remember, these loans are either being held by someone or securitized into some sort of package.  When you have a loan that has no chance of "curing" (to cure a loan with 12 missed payments the borrower would have to come up with the 12 payments to bring it current!) that loan should be carried at its recovery value - that is, the value of the collateral that can be seized and sold, LESS the cost of eviction, remediation and resale.


    Does anyone recall all the entries I've written about getting competent legal and accounting (tax) advice before proceeding with any sort of action regarding walking away, short sales or foreclosure?  This same report says:



    Many homeowners would be better off going into foreclosure, than doing a short sale. Short sales are fraught with potential legal, credit, and complicated tax issues. For example, someone who refinanced could owe capital gains taxes, which are not forgiven under federal and California temporary debt relief acts. In the foreclosure route, borrowers can live in their house mortgage-free for at least one year, maybe two years. Both short sales and foreclosures are reported as “account not paid in full”, and are equally damaging to a credit score. An exception exists if short sellers can negotiate better terms with their lender on recourse liens. The other possible advantage to a short sale is the ability to get a mortgage again in 2 years (Fannie, Freddie), rather than having to wait 3-5 years after a foreclosure.


    Homeowners pursue short sales, unaware of the problems they are creating for themselves. Their agents never warned them of deficiencies, ruined credit, taxes due on forgiven debt, or legal consequences. Agents made flowery promises to get listings, and now the lawsuits are starting.


    No, really?  You mean that people in the real estate business are less than truthful with their clients?  That would never, ever happen with licensed professionals, right?


    Then there's this, which I also have written about:



    Another gray area is junior lien holders asking buyers for additional payments. As the market improved, juniors were no longer content with $3k thrown to them from the senior. They now want 10% of the junior note. They argue the additional payment is legal practice because the payment is made to escrow and appears on the HUD-1. However, they are actually hoping the senior lien holder does not read the HUD-1. The California Association of REALTORS® position is that all payments made by the buyer or agent in the purchase of a short sale must be part of the written short sale agreement signed by the senior lien holder. Concealing payments from seniors is loan fraud, and omitting these payments from the HUD-1 closing statement may violate RESPA. Some seniors reinstate their security interests because of the fraud. It’s surprising that the biggest banks are responding, when pressed on the fraud of their request, “just do it if you want the deal done”.


    Right.  Big banks saying "just do it"?  Why would they do that?  Is it so they can re-instate their security interests?  No, nobody would ever do anything that hoses the consumer, would they?  Naw.....



    Few people understand that the bank that gave them their mortgage turned around and sold it into a mortgage bond, and the “bank” on their mortgage statement is actually a servicer.


    Actually, it's a bit more complicated than that.


    As I've been working on (and writing on) for a long time, and as a few attorneys are now starting to understand, the entirety of this process was corrupted and is rife with outright fraud from top to bottom.


    Let's go through a (partial) list of the problems: