Money $marts: Getting the best credit scores requires careful spending
Published 5/9/2012 at 2:21 p.m. 0 comments
Consumers seem to be getting back in the borrowing game. Coinciding with the advent of the recession and lasting through most of 2010, consumers shed household debt by the billions, paying down and closing credit card accounts, delaying big ticket ...
Money $marts: That which never was will never be
Published 5/2/2012 at 10:48 a.m. 1 comment
Recessions are officially defined as two consecutive quarters of negative economic growth; in other words, reported Gross Domestic Product (GDP) expressed as a dollar number, actually declines. Recovery, therefore, begins when the GDP number increases.
Money $marts: The student loan albatross
Published 4/25/2012 at 12:40 p.m. 1 comment
Fifty years ago I received my acceptance letter for admission to the City University of NY (CUNY), along with notice of the tuition due for the first semester — $24. Yes, that’s right, $24 per semester ($48 annually) was the ...
Money $marts: Power and the art of the definition
Published 4/18/2012 at 10:17 a.m. 0 comments
Words have explicit meanings, sometimes many. Look up the word “run” in the Oxford dictionary. There are 12 definitions of “run” as a verb and 13 as a noun. But even with 25 possibilities, the specific meaning is usually understood ...
Money $marts: Ignorance of the law is no excuse
Published 4/11/2012 at 11:51 a.m. 0 comments
There are many reasons to be upset with a federal government that has made a mess of just about everything — energy, healthcare, homeownership, taxation, immigration, deficits and debt, the economy, etc.
Money $marts: These are indeed taxing times
Published 4/4/2012 at 10:32 a.m. 0 comments
Unfortunately, it’s that time again. There’s less than two weeks left before you have to file 2011 tax returns. Of course, you can ask for an extension and it will be normally granted without any problem. But if you owe ...
Money $marts: A slippery slope to…jail?
Published 3/28/2012 at 10:56 a.m. 0 comments
The slippery slope metaphor is often used as an argument against a specific action because the action can lead to subsequent related actions, each with less similar facts until actions ultimately have little to do with the intent of the ...
Money $marts: What the frack?
Published 3/21/2012 at 11:56 a.m. 0 comments
Ever since the short lived 1974 Arab nation embargo on oil sales to the U.S. and the internal disruptions it caused — rationing, quadrupling of gas prices and long lines at the filling stations — every sitting president and candidate ...
Money $marts: Jobs by the numbers
Published 3/14/2012 at 11:27 a.m. 0 comments
Consider an auditorium with 1,000 people. On stage a speaker asks everyone in the audience to raise his hand if they are currently unemployed; 120 people (12 percent) raise their hands. Now the speaker asks those who are no longer ...
Money $marts: Rudy the Repairman so similar to the Fed chairman
Published 3/7/2012 at 11:12 a.m. 0 comments
Some five decades ago, the late great comedian Jackie Gleason had a weekly television variety show in which he often appeared as different characters in short funny skits. One popular character, Ralph Kramden, a bus driver, was spun off into ...
Money $marts: Even the president’s power is limited
Published 2/29/2012 at 10:46 a.m. 1 comment
The presidency of the United States is often described as the most powerful job in the world. And in many respects that’s true. After all, the president does have the power to unleash nuclear weapons, start undeclared wars, dispatch SEALs ...
Money $marts: The real ruling class takes over
Published 2/22/2012 at 10:18 a.m. 6 comments
True stories: There’s a town in the U.S. in which local authorities have a rule that says any football team defeating another team by more than 50 points is automatically disqualified; it’s not nice to make the losing team feel ...
Money $marts: Credit scores and debt
Published 2/15/2012 at 10:27 a.m. 0 comments
Credit scores and debt issues are plaguing consumers these days. For example, credit scores, with more restrictive lender guidelines and confusion over calculation, are resulting in fewer mortgage approvals and homeowners unable to take advantage of record low refinancing rates. ...
Money $marts: It’s time for the Fed to ‘undo’ the low interest rates
Published 2/8/2012 at 10:31 a.m. 3 comments
Recently, at Starbucks, I overheard a conversation between an elderly gentleman and his friend, apparently also a financial advisor. The elderly guy was complaining about how Fed Chairman Ben Bernanke and his cohorts were killing him with low interest rates. ...
Money $marts: The global warming energy follies
Published 2/1/2012 at 10:14 a.m. 3 comments
Global warming, also known as climate change, is the theory that the earth is warming rapidly (in relative historical terms) due to the growing concentration of atmospheric greenhouse gases emanating from mankind’s burning of fossil fuels — coal and oil ...
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