Mark Wallner: Walker doesn’t get economics — vote for Burke ( Admin posted on September 20th, 2014 )

Dear Editor: Its no surprise Wisconsin is near the bottom of the barrel in job creation. Scott Walker took money from many in the middle class, which slowed down consumer spending, and gave tax breaks mostly to people who need it the least, which did very little for additional consumer spending.

When the deregulated private sector of the economy took a dive in 08, several small business owners were interviewed by the Wall Street Journal. All of them complained about lack of customers and lack of credit. Not one complained about tax rates.

The Republicans response to the economic crisis has been to take it out on the public sector and to deregulate even more. Scott Walker and the Republicans...

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Categories: Economics

Travelers—and Airfare Spending—Take Flight With Improving Economy ( Admin posted on September 20th, 2014 )

In a sign that the scars from the financial crisis maybe healing, travelers in the US are spending more on flights while slowing outlays on typically less-expensive forms of transportation such as cars, trains and buses.

Inflation-adjusted spending on travel and tourism in the US rose at a 2.1% seasonally adjusted annual pace this spring after a 1.1% decline during the first three months of the year, the Commerce Department said Thursday. The numbers are broadly in line with sharp economic contraction in the first quarter and subsequent second-quarter rebound.

Leading the second-quarter gains was a 10% annualized increase in passenger air transportation. Spending...

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Categories: Economics

Dealing with the CFPB? Bring your checkbook. ( Admin posted on September 20th, 2014 )

The CFPB takes pride in publishing the results of enforcement actions, and itswebsitefeatures reports of recent settlements and penalties. The common theme in these reports is big dollar figures, demonstrating just how expensive it can be to deal with the CFPB.

The lesson to be learned from this is to stay out of trouble. It seems simple enough, but the key to avoiding CFPB liability is to avoid violating consumer financial protection laws. This means creating a culture of compliance. The first step to doing this is implementing a successful and comprehensive Compliance Management System. But, even companies with the best compliance programs may have breakdowns from time to time. In those...

Turkey rattles sabre at rating agencies ( Admin posted on September 19th, 2014 )

Reuters
Turkeys Deputy Prime Minister Ali Babacan addresses the Istanbul Finance Summit yesterday. Babacan, who oversees the economy, joined the chorus of criticism of rating agencies, telling the conference that objective evaluation was crucial for Turkey. Photo: Reuters

Reuters Istanbul

Turkey stepped up its criticism of credit rating agencies yesterday, with President Tayyip Erdogan warning it could cut ties with Moody’s Investors Service and Fitch and his prime minister saying the country did not have the ratings it deserved.

Both Moody’s and Fitch have warned in recent weeks of the potential impact of continued political uncertainty...

The Economics of Violence ( Admin posted on September 19th, 2014 )

What is the biggest source of violence in our world? With the brutal conflicts in Syria, Ukraine, and elsewhere constantly in the news, many people would probably say war. But that turns out to be spectacularly wrong.

Getting it right matters if we are to find cost-effective solutions to this and other global problems. Obviously, everyone would like to stop wars and violence, just as we would like to end poverty, hunger, and global warming, while providing education to all. But, given limited resources, the international community can only do so much. We have to prioritize, which is what an economic analysis of costs and benefits can do.

The international community is working...

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Categories: Economics

No excuse not to cook cheap healthy eats ( Admin posted on September 19th, 2014 )

People love to blame others for problems theyd rather not tackle on a personal level. Take the great fast food versus healthy eating debate.

While many families are struggling to put food on the table, were also becoming a nation of chubsters.

This glaring contradiction is apparently all the Governments fault. Supposedly, its far too expensive to eat healthily. Somebody must do something. Wont anybody think of the children?

To hear some of the more rabid speakers, youd think that fast food company-employed thugs were standing on street corners, stealing wallets and forcing burgers down helpless citizens throats.

The truth is much...

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Categories: Family Budgeting

What’s Happening for September (UPDATED Sept. 12) ( Admin posted on September 19th, 2014 )

Send calendar items to mynews@sunherald.com or fax to 896-2104.

TODAY

Vessels of Clay workshop: 10 am-4 pm Sept. 12-13, Ohr-OKeefe Museum of Art, 386 Beach Blvd., Biloxi. Features Conner Burns, Natchez ceramic artist. Cost: $140 members, $155 nonmembers. Details: 374-5547.

Fly Fishing Fair: 10 am-4 pm Sept. 12, 9 am-5 pm Sept. 13, Ocean Springs Civic Center, 3730 Bienville Blvd. Hosted by International of Fly Fishers Gulf Coast Council. Fly fishing instruction, beginner classes, casting lessons and silent auction and raffle for rods, reels and equipment. Portion of proceeds support marine education at the Gulf Coast Research Laboratory. Details: 251-645-2616.

Book...

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Categories: Family Budgeting

Cohen takes Pole Position in Farmingdale ( Admin posted on September 18th, 2014 )

Cohen also arranged the sale for $11.5 million of 215 Daniel Street by J. Breed Realty LLC.

The 129,635 s/f industrial building on 6.7 acres, formerly housed Jeanne Pierre, an apparel manufacturer. The buyer, Calvert Family Holdings LLC, is an automobile finance company based Bedford, Texas, that provides auto leasing services for credit unions.

Its affiliates include Fusion Auto Finance LLC, EndTrust Lease End Services, LLC and Novak Motors, which operates a lease-return center on Pacific Street in Hauppauge, New York.

Daniel Street, which intersects Route 110 on Long Island, is home to a BJ’s Warehouse Club.

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Categories: Automobile Finance

On September 18, the Silent Majority in Scotland Should Say No With Pride ( Admin posted on September 18th, 2014 )

Image courtesy of Stopherjones

Most of us have to say no quite a lot in our lives. To people who knock at the door selling religion, or nice looking new guttering to improve the look of your roofline. To your children when they want the new Android phone that their friends have, or when your own friend has made one unreasonable demand too many on your good nature.

We find a way to say no in the real world because the consequences of saying yes to salesmen, husbands wanting new golf clubs, or children wanting the latest gadgets would scupper us financially. Too risky, too expensive, dont need it, uncertain benefits, we say to ourselves.

If all of us living here in Scotland...

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Categories: Family Budgeting

Barbados’ GDP estimated for 2014 at US$4.3 billion: Moody’s ( Admin posted on September 18th, 2014 )

Government’s gross financing needs will total more than 30% of GDP in 2014 and 2015: Moodys

2014 GDP estimated at US#36;4.3 billion.

Expects Barbados to start borrowing by Q4 2014 or Q1 2015.

Barbados debt service costs currently among the highest of all sovereigns rated by Moodys.

Debt to GDP ratio will rise above 100%: Moodys

Ironically, Barbados payment to join CAF itself could put pressure on fiscal accounts.

On 9 September, Corporación Andina de Fomento (CAF, Aa3 stable), the Development Bank of Latin America, announced that the Government of Barbados (B3 negative) had agreed to become a shareholder. The agreement, subject to ratification by Barbados...

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Categories: Credit Challenges

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