Start by cutting out the luxuries. Don’t eat out. Drive less. The benefits can include more savings, less debt and a bigger emergency fund. Hey, it’s only for a month, right?
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Archive for March, 2009
Mar
27
2009
Dow off 148, still posts best 3-week run since 1982Posted by: moneycentralmsn in MSN MoneyIntel, Accenture and energy shares lead markets lower, but stocks finish with a 3rd straight weekly gain. President Obama meets with top bank bosses. KB Home’s loss narrows. GM faces a March 31 deadline. Check the Dow stocks’ gains in this rally.
Mar
27
2009
Wall St. Reconstituted: Are Bonus Restrictions Driving Top Talent Overseas?Posted by: yahootechticker in Yahoo Tech TickerIf we can’t pay our top employees, they’ll go elsewhere and our firms will suffer irreparable damage.That, in a nutshell, has been the gripe from Wall Street in response to the novel idea that once you’ve received government bailout fun
Mar
27
2009
Andrew Cuomo: The New ‘Bad Cop’ of Wall Street?Posted by: yahootechticker in Yahoo Tech TickerNew York Attorney General Andrew Cuomo stepped up his investigation into AIG Friday to include questions about how the firm is unwinding its notorious credit default swaps.”In an investigation, sometimes one thing leads to another, and here our revie
Mar
27
2009
Geithner’s Toxic Debt Plan So Good for Banks, Citi and BofA Can’t Wait to Get StartedPosted by: yahootechticker in Yahoo Tech TickerA “funny” thing is happening just as Treasury Secretary Tim Geithner seems to have finally found a scheme to deal with banks’ toxic debt: Some big banks are aggressively bidding for toxic debt in the open market. …
Mar
27
2009
After Ferocious Rally, Stocks Pause: Was That a Real Bottom or Just Fantasy?Posted by: yahootechticker in Yahoo Tech TickerAfter the fastest 20% rally since 1938, the stock market was taking a bit of a breather Friday morning. In recent trading, the Dow was down more than 100 points. Layoff announcements by Google and Johnson Controls, and a warning about continued oversupp A proposal to split the automaker in two could save brands such as Cadillac and Chevrolet while letting a bankruptcy court liquidate Hummer, Saturn and other assets. A nearly painless, win-win solution for Wall Street and taxpayers? Don’t believe it for a minute. But the hoopla gives investors a chance to profit in the short term. The Nasdaq sees its best close since January as techs surge. An issue of 7-year Treasury notes sells easily a day after another sale didn’t go well. The final report on fourth-quarter GDP isn’t quite as bad as expected. Best Buy earnings cheer investors. The dominant player in Brazil’s oil industry appears on an MSN Money list of recommended stocks. Here are StockScouter’s top picks.
Mar
26
2009
Risking the Wrath of Wall Street, Geithner Lobbies for New PowersPosted by: yahootechticker in Yahoo Tech TickerTreasury Secretary Tim Geithner returned to Capitol Hill Thursday, this time to lobby for expanded authority to regulate the financial markets. “Over the past 18 months, we have faced the most severe global financial crisis in generations,” Geit
Mar
26
2009
Iowa to get $71 million in federal jobless helpPosted by: wcfcouriernewsfeed in Cedar Valley BusinessDES MOINES — Federal financial help to stimulate the economy hit home for Michelle Paulson and thousands of other Iowans on Wednesday.
Mar
26
2009
Geithner’s Public/Private Plan Won’t WorkPosted by: realclearmarkets in RealClearMarketsWhen Timothy Geithner unveiled on Monday the latest effort to restore normalcy to credit markets, the natural inclination was to believe that maybe the government had gotten it right this time. Certainly the stock market’s response to the Treasury’s new plan was overwhelming. On the surface the plan appears to be a workable solution. One aspect of the P.P.I.P is to facilitate liquidity in the commercial real estate secondary loan and securities markets. The thrust of Geithner’s plan is three-fold. Banks will auction off their illiquid assets, private investors will set market prices, and Treasury will provide the majority of the financing. Unfortunately, Treasury’s plan doesn’t acknowledge the fundamental valuation problems in commercial real estate, overlooks the excessive leverage in commercial real estate, and ignores strategies banks and financial institutions have already implemented to mitigate the problems of illiquid markets for their assets.
Mar
26
2009
Valley Buzz: Facebook Starts to Cave, Micro-Payments Gaining Steam, Apple Puts the Hurt on Developers, and Blockbuster’s Unimpressive Last GaspPosted by: yahootechticker in Yahoo Tech TickerAs we’ve reported before on Valley Buzz, Facebook’s users have been in an uproar As the internet reaches more and more people, the greatest challenge will be to keep the thing running. |