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lifeisgoooooood
MrBabyMan
Feds, states - major action against scams of victims
walletpop.com — Targeting scams that prey on people vulnerable because of the down economy, federal and state officials announced today a laundry list of legal actions including a lawsuit against a collection of get rich quick schemes that lured "hundreds of thousands" of victims who paid out about $300 million. More…
BeShirtHappy
thegamingguy
California Parks Could Be Seized By Feds
huffingtonpost.com — California officials said Wednesday they are trying to avert the federal government's threat to seize six parks that could be closed to help reduce the state's ballooning budget deficit. Parks that could be seized include Angel Island, Point Sur State Historic Park, Point Magu State Park, etc. More…
biofriendlyblog
Personal Finance According to South Park
mint.com — South Park's Randy Marsh does not seem to have the makings of someone with financial savvy. Neither his job as a geologist nor his irrational tendency to over-react suggest we should trust his judgment with money at stake. And yet, there is something this man can teach us about personal finance. More…
gvoakes
BukowskyBank of America accused of anti-consumer practices
reuters.com — People, who said they were former Bank of America employees, alleged that their supervisors drove them to burden consumers with needless debt and fees, to fatten the bank's earnings and the paychecks of senior executives, and threatened to retaliate if they complained. Some complained their salaries had been too low and that they had to hit quotas. More…
hdar3415
Iraq Oil a Big Draw for Chinese
nytimes.com — Chinese oil companies are expected to bid in Iraq’s oil field auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore Oil Corporation all declined to comment Monday about their bidding strategies. Chinese oil companies have been particularly interested in buying oil fields More…
redwolfwalkerWhy You Should Avoid Shady Companies Claiming to Reduce Debt
articles.latimes.com — Numerous debt settlement firms promise to make debts disappear. But lawmakers have classified it a "rouge industry," arguing that debt settlement companies, which say they can negotiate reduced credit card and other debts, are "offering consumers false hope, charging tremendous fees and leaving them in a worse financial situation." More…
carinas
jaybol
Can American Farms Make Bamboo the Next Big Cash Crop?
popularmechanics.com — Bamboo has come into vogue as a sustainable resource. But until now, almost all of the bamboo in products sold here has come from overseas. That could change soon, as new planting techniques lead to millions of new acres of bamboo in the American South. More…
domfosnzHow Maths Killed Lehman Brothers
plus.maths.org — On a sunny morning in 2001, a piece of investment plan landed on the desk of Dick Fuld, the then Chief Executive of Lehman Brothers. The document, compiled by a team of maths and physics PhDs, included a calculation to show how the bank will always end up with a profit if they invest on the real estate markets. More…
WordsnCollision
TalSiachBailout Abuse? GE Exploits Loophole to Benefit Big
washingtonpost.com — General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks. At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government. More…
weirdralph
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