Entries Tagged as 'Finance'

STOP • THINK • CLICK

I’ve mentioned the Internet Crime Complain Centerbefore, but the US Government also sponsors OnGuard Online with the slogan

STOP • THINK • CLICK

While most savvy internet users should be aware of most everything on the site, there’s no harm in taking a minute out and visiting it to see if there’s any suggestions that might make your online experience safer.  You may also want to recommend that your bank, credit union, and credit card company link to them.

Originally posted 2009-01-07 12:00:50.

Mr President, now is the time to be a president.

There is a good article on CNN.com by Donna Brazile on what President Obama could (and should) do to get the economy back on track.

I think she’s got the right idea, but I think she really stops short of just outright saying that the problem isn’t necessarily Obama’s failed programs, it’s his failed leadership.

Now is not the time to sit on the fence Mr President; you’ve tried to build a consensus with congress (you failed to do that when your party had control of both houses, and you’ve continued to fail to do that now that your party doesn’t)… it’s time for you to lead — or to step aside and let someone else do so.

The problems this country has are solvable; but every day we wait to start moving down a path that is likely to put us on the road to get American’s working and to pay down the enormous debt that Republicans and Democrats alike have saddle the current (and future) generation(s) with we simply make the problem harder — and at some point there will not be a solution, the US will simply drift into the fray of third world countries never likely to regain it’s position as a real world leader again.

So, Mr President — be the president; make the hard choices; and move this country forward… it’s not the time to be a politician or a two term hopeful, it’s time to be a president.

 


4 ways Obama can take control to get America back on track by Donna Brazile on CNN.com

Originally posted 2011-08-17 02:00:42.

Citi Mobile SM for Cards

Citibank has rolled out a mobile banking application for many phones on most major cellular carriers.

Personally I’m not sure why we’ve gone to a model where vendors seem to believe we need all kinds of applications to do simple things that could be done through a web browser… perhaps that’s an unfortunate side-effect of the iPhone craze (or perhaps better said as crazies).

I think it’s great that banking institutions are thinking about ways to provide services to individuals who have cellular data plans, but I think it’s unfortunate that we can’t just use simple standards — after all, the point is to enable the flow of information, not to make an application that people play with like a game.

To use the Citi Mobile application, you need a supported handset on a supported carrier, and you have to sign up, download, and activate it through the Citi “My Account” web portal.

Originally posted 2009-01-28 01:00:03.

Quantitative Easing Explained

Originally posted 2010-11-20 02:00:12.

Infrastructure

President Obama is now asking Congress for at least $50 billion in long-term investments in the nation’s roads, railways, and runways.

Whether the timing is just a political ploy for the election or not doesn’t matter — this country needs to put people to work, and this country needs to improve the crumbling infrastructure that hasn’t been a focus since the 1960’s.

The specifics of his plan include rebuilding 150,000 miles of roads, constructing and maintaining 4,000 miles of railways, building high-speed rail systems, and repairing 150 miles of airport runways (while also upgrading the nation’s air traffic system).

The plan also creates a permanent infrastructure fund that would focus on national and regional infrastructure projects to keep momentum behind continuous infrastructure improvements.

This spending package is very different from the initial stimulus package; where as the stimulus package focused on spending to prop up the sagging economy in the short term, these infrastructure projects are long term investments in the country and the economy and likely would not show substantial job increases for several months.

In short, President Obama’s Labor Day announcement is intended to get American labor back to work — permanently.

Originally posted 2010-09-08 02:00:19.

Tax on the super rich.

There is a good read in The Fiscal Times, an article by Bruce Bartlett that looks at the argument over Warren Buffet’s statement about raising taxes on the super rich.

It’s a one-dimensional argument; but it does bring into question the pillar of the argument has been used to support lowering the tax rate on the super rich.

One thing I will note before sending you off to read this — it’s not the tax rate so much we should be thinking of, but the effective tax rate.  When large corporations and wealthy individuals pay their taxes they often take advantage of numerous deductions that ordinary people cannot (so called loop-holes)… so their effective tax rate ends up being near zero.

I personally think that a tiered flat tax (with no deductions/exemptions), or a value added tax (assessed at each point a good or service is transferred) are the better solutions to creating a tax system that is far less expensive to implement/enforce, and much fairer overall to everyone.

If the current system is kept, not only do the tax brackets need to be changed (as well as the way they work), but the entire tax code needs to be overhauled to remove the loop-holes (and simplify it).

Buffet May Be Right, but the Top Tax Rate is Wrong by Bruce Bartlett, The Fiscal Times

Originally posted 2011-08-20 02:00:28.

Economic Recovery

The Fed is telling us that we’re on the road to recovery… that economic activity improved across all 12 regions tracked, and have reminded us that the last time all regions were in a growth mode was prior to December 2007.  Remember, though, the Fed told us all several months ago that economic activity improved in all regions except for St Louis (which was marginal).

The Fed chairman was upbeat in a report to congress that the economy is likely to expand, though slowly – and we needed to be weary of the European debt crisis (and slipped in warnings about high unemployment and a fragile housing market here at home).

But we’re also told by the Labor Department that job openings in April rose to the highest level in 16 month to 3.1 million (from 2.8 million in March).  Remember, these are openings advertised, not necessarily openings filled… and even with those statistics there are 5 unemployed people for each job opening.

I think it’s great to paint a positive picture — but I also think it’s important to keep people well grounded in the reality that the economic down turn is far from over; and while the Fed might like to encourage increased spending to speed a recovery — that’s more of a chicken-and-egg problem than they’re willing to admit… after all nearly 20% of this country is unemployed (though the government clever fuzzy math makes that number out to be much lower), and most of those people aren’t independently wealthy!

Originally posted 2010-06-23 02:00:48.

Donate Your Cell Phone

There are at least three great reasons to donate your old cell phone:

  1. It keeps your handset out of a landfill — generally most organizations will make sure that your old handset is either provided to an individual or family for use or is sent to a recycling center to be handled properly
  2. It will help others, either by having a cell phone available to them, or through the monies that the recycling produces.
  3. It will be tax deductible.

Here are some suggestions for places to donate

US:

Canada:

UK

Originally posted 2010-11-22 02:00:35.

Apple – Double or Nothing?

Yesterday Apple announced another record quarter in sales.  In fact, iPhone sales doubled in Q4 2009 (a good holiday present for Apple).

Tomorrow Apples announces a new tablet computer (at least that’s the rumor of what they will announce).

Google has a lot of ground to catch up with Apple in the phone market, and it certainly doesn’t appear that Apple is going to just stand by and wait for them.

I guess the one thing that Apples numbers show is that there is money to be made in economic hard times if you’ve got something people want.

Originally posted 2010-01-26 01:00:44.

Gas Prices

So have you filled up your tank lately?

Gas is now less than two dollars a gallon in much of the country again; including California and the Northeast (NY/CT).

Less two months ago gas had hit five dollars a gallon, and had taken three years to rise to that price from it’s current level.  Actually it took one year to go up a dollar, and then the next year it went up two (and most of that in just a few months).

Why?

How?

Oh… right — who was in charge of the US Petroleum Reserves… and who are his friends and business associates?

My feeling is this begs for a congressional investigation and some punitive action against those responsible.

My rational is simple.  Many American’s that were hardest hit this Summer by gasoline prices had their budgets totally destroyed by the price gouging… and some of them likely lost their houses or had to dip into their retirement saving because of it.  So once again, the middle class Americans pay for big business (read that as big oil) to make even more money.

Greed… pure adulterated greed!

I certainly have no issues with capitalism and fair market economies; but we don’t have a totally open economy, the government exercises control over many facets of it, and that requires that the government keep a watchful eye over all of it.

Originally posted 2008-11-17 12:00:11.