You heard it here first:
By the end of this year, “strategic default” will be a familiar media buzzword describing the next phase of the foreclosure crisis.
In a strategic default, mortgage borrowers who owe more than their house is worth, but who can afford their loan payment, decide it is simply smarter to stop paying. In [...]
The U.S. Government has allocated $4 billion to spend July 1st – November 1st on the “Cash for Clunkers” program. The legislation is part of the stimulus package and gives car owners $3500-4500 when they trade in their old, gas-guzzling car for a new, more fuel-efficient model. Cash for Clunkers is designed to accomplish two [...]
When Kia announced this week that the tiny town of West Point, GA was the chosen location for a new manufacturing facility, residents were quick to point to divine intervention.
I’m sure the $400 million in tax breaks and other incentives had nothing to do with it.
Photo courtesy of CNN.
From an op-ed piece in the Wall Street Journal this week:
Visiting college basketball teams usually don’t enjoy playing in North Carolina, and now Internet businesses don’t want to compete there, either. But while the state’s hoops programs are a source of pride, a new Internet tax isn’t going to win fans among North Carolina consumers.
[...]
This kid shows you how:
Also, according to CNN, 13,000 people have died so far this year from complications arising from regular flu. So take that, piggies.
No.
And neither do approximately 6,777,024,116 other people. (At the time of this writing)
With an infection rate of 0.000005%, is this really a pandemic? There are plenty of other diseases killing far more people getting much less attention.
Jon Stewart’s take:
The Daily Show With Jon Stewart
M – Th 11p / 10c
Snoutbreak ‘09 – The Last 100 Days
thedailyshow.com
Daily [...]
When the California legislature tabled Assembly Bill 178 until 2010, affiliate marketers in the state let out a collective sigh of relief.
A Background
Online retailers have traditionally only collected sales tax for sales to customers in states where they maintain a physical presence, meaning an office, warehouse, or brick-and-mortar store. Smart online retailers have spent the [...]
This bar-graph tracks the number of pirates killed by each US President since 1897, when records started being kept. Graph courtesy of BuzzFeed.com.
Here’s a map of 2008 foreclosure-density by county from USA Today. We’re right in the middle of the party!
We recently learned that at least 7 units of our 96-unit condo/townhouse complex are in foreclosure. No wonder the value of our place has dropped 40% in 2 years!
What would happen if GM or Chrysler (or Ford) stopped receiving federal bridge loan money to fund their turnaround attempts? The airline industry declared bankruptcy and came out of it just fine, right?
Buying a car is fundamentally different from buying a plane ticket. Buying a car is a long-term engagement (I don’t want to say [...]
