Wilbur Ross presided over Russian deal while at Bank of Cyprus

 Posted by on 2017-03-23 at 19:18  corruption, donald trump, finance, government, Reblog, russia, trump  Comments Off on Wilbur Ross presided over Russian deal while at Bank of Cyprus
Mar 232017
 

Wilbur Ross, the Trump administration’s new commerce secretary, presided over a deal with a Russian businessman with ties to Vladimir Putin while serving in his previous role as vice-chairman of the Bank of Cyprus.

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Weapons of Math Destruction: How Big Data Destroys Lives

 Posted by on 2016-10-24 at 22:02  big data, credit, data science, finance, money, Politics, Reblog  Comments Off on Weapons of Math Destruction: How Big Data Destroys Lives
Oct 242016
 


A few weeks ago I went with my fiancée to buy a new car. While figuring out which model would be most economical, I reminded her to factor in an increase in insurance rates, something that had happened to me the previous year. The salesman said that might not be true. Turns out he was right.

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Wall Street Execs Allegedly Traded on Insider Info While the World Collapsed in 2008

 Posted by on 2016-09-29 at 01:38  banking, economics, Economy, finance, financial crisis, Politics, Reblog  Comments Off on Wall Street Execs Allegedly Traded on Insider Info While the World Collapsed in 2008
Sep 292016
 


The invaluable International Business Times, under the direction of David Sirota, has been doing god’s work on the circumstances of the economic crisis of 2008, even though most of the rest of the country’s political class—including, sadly, the president—has moved on.

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What Is the True Cost of Owning a Home?

 Posted by on 2016-09-20 at 01:33  economics, finance, money, mortgage, real estate, Reblog  Comments Off on What Is the True Cost of Owning a Home?
Sep 202016
 


If you are making the comparison of renting versus buying a home, you need to consider all the factors. If you do a quick search online, most of the resources available will only look at mortgage payments, taxes, insurance, and maybe homeowner’s association (HOA) fees. However many of them will not discuss and outline the “other costs”. These are costs such as landscaping, snow removal, home furnishings, repairs, maintenance, replacements, and renovations. These “other costs” can add up to a lot over time.

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Wells Fargo Scandal Shows Next Bank Crisis Coming

 Posted by on 2016-09-15 at 11:53  banking, economics, finance, financial crisis, money, Reblog, wells fargo  Comments Off on Wells Fargo Scandal Shows Next Bank Crisis Coming
Sep 152016
 

There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator. This time-honored rule also applies to banks.
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Joseph Stiglitz: ‘Monetary union was the mistake’

 Posted by on 2016-09-04 at 23:57  brexit, economics, europe, finance, money, Politics, Reblog  Comments Off on Joseph Stiglitz: ‘Monetary union was the mistake’
Sep 042016
 

I’m on my way to interview Joseph Stiglitz, economic guru of the political left, about his latest book, The Euro and its Threat to The Future of Europe. Waiting in the reception of Penguin Books, I notice on display an early, Penguin “classic” edition of George Orwell’s 1984.

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UBS: We are witnessing the end of the credit cycle, and a crash is coming

 Posted by on 2016-08-30 at 10:37  economics, Economy, finance, investing, money, Reblog, recession  Comments Off on UBS: We are witnessing the end of the credit cycle, and a crash is coming
Aug 302016
 

UBS thinks the risk of a stock market crash is growing. The era of cheap debt and plentiful liquidity is slowly drawing to an end, according to a team of UBS analysts led by Paul Winter, making it harder to use credit to juice corporate profits.

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