Home / 2012 / June (page 51)

Monthly Archives: June 2012

How Will Germany Save the Euro If They Themselves are Teetering on Disaster ?

“While everybody’s rightly worried about Spain as the next likely victim of the European debt crisis, nobody’s thinking much about Germany. It could be in more trouble than we realize.

That’s the message of a presentationmaking the rounds Tuesday on Wall Street by Carmel Asset Management, a New York investment firm. Entitled “Achtung Baby: Germany Is Riskier Than You Think,”

Full article

Comments »


With huge resource gaps, slow growth and low inflation, the economic circumstances warrant extremely strong accommodation,” Evans said in remarks prepared for delivery to the Money Marketeers of New York University.

“The damage intensifies the longer that unemployment remains high. Failure to act aggressively now will lower the capacity of the economy for many years to come.”

“With inflation near target, relatively moderate economic growth expected for several more years, potential productive capacity at risk, and a symmetric 2 percent inflation target, we should resist the sirens’ call to prematurely raise rates or tighten our policy in any way,” Evans said.

“Instead, we should be providing more accommodation, in particular by better articulating the economic conditions under which our policy moves will be linked to the achievement of our mandated economic goals.”

Full article

Comments »


A very rare occurrence. From wikipedia.com

transit of Venus across the Sun takes place when the planet Venus passes directly between the Sun and Earth, becoming visible against (and hence obscuring a small portion of) the solar disk. During a transit, Venus can be seen from Earth as a small black disk moving across the face of the Sun.


Comments »

Cheers: Disney to Remove Junk-food Advertising

Glad to report that someone has some good sense in helping our kids out.

If you instill good eating behaviors with your children at every meal you get 1095 chances per year; which pales in comparison to the 10k + chances companies get to influence your kids. So this is a good move and hopefully other companies in our children’s sphere of influence follow suit.

Full article

Comments »

$JPM Charges 10.25% on Student Loans While SLM Charges 9.25%; Predatory Lending Has Reached Disgusting Proportions


JPMorgan Chase & Co. (JPM) charges Mirella Tovar as much as 10.25 percent annual interest on her student loans — a rate as high as a credit card.

The 24-year-old aspiring graphic designer, the first in her family to go to college, is among millions of former students paying off high-interest loans to private lenders, among them JPMorgan,SLM Corp. (SLM) and Discover Financial Services. In a good month, Tovar earns $730 as a part-time hostess in a pizza parlor, and most of that money goes toward her debt of $98,000.

Unlike the federal student-loan program, which lets consumers borrow at fixed rates directly from the government, these loans from at least 30 banks and other private lenders feature mostly variable rates that can be more than twice what some people pay in the U.S. program. With college costs spiraling, the marketing and interest rates of these loans are drawing increasing complaints from borrowers and regulators, who say teenage consumers often don’t understand their terms.”

Full article

Comments »