Yahoo Finance reports that Peter Schiff, a frequent business news talking head, argues that Wal-Mart’s voluntary decision to raise the minimum wages of its workers to $9 an hour for starting employees and $10 an hour for other employees may… Read More ›
economics
3 more bad places to hide cash
Yesterday we wrote about the fact one in six Americans hide cash. We suggested some bad places and here are some more. 1. Inside the footballs at tomorrow’s Super Bowl game to increase the pressure. 2. In Russia where it… Read More ›
Like A Bridge Over Troubled Fodder
The National Post reports that the City of Calgary, Alberta has spent $5.9 million on a pedestrian bridge that is about 10 to 12.5 centimetres to short to put on the abutments built to support it. 3 Solutions We Wonder… Read More ›
Billionaire Oilman’s Ex-Wife Cashes $975 Million Divorce Settlement Check
The Wall Street Journal reports that the ex-wife of billionaire oilman, Harold Hamm, has cashed a divorce-settlement check worth about $975 million. Cashing the check, according to the oilman’s lawyer, results in her losing her right to appeal for even… Read More ›
Time To Rate Regulators’ Potential Settlement With A Ratings Agency
Yahoo Finance reports that Standard & Poor’s Ratings Services is nearing a settlement with regulators over how it rated mortgage-backed security bonds before the financial melt-down. You know, those securities that almost took down the global economy because some of… Read More ›
3 Suggestions For Ben Bernanke When Filling Out Credit Applications
As we’ve written over the past few days, Former Federal Reserve Chair, Ben Bernanke, reportedly said he was recently unable to refinance his mortgage. 3 Suggestions For Ben Bernanke When Filling Out Credit Applications 1. Do not describe your former… Read More ›
More Humor For Economics Nerds Based On Ben Bernanke Being Unable To Refinance His Home
Yesterday, we wrote about former Federal Reserve chair Ben Bernanke saying that he was recently unable to refinance his mortgage, despite his home being assessed in the $800,000 range, and him earning $250,000 to give a speech. 3 Quotes We… Read More ›
Don’t Feel Bad If You’ve Been Rejected For A Loan – Former Fed Reserve Chair Says He Recently Couldn’t Get One
The New York Times reports that former Federal Reserve Chair Ben Bernanke recently announced at a conference that he is unable to refinance the mortgage on his home, which is assessed at $815,000. The Times speculates that he is unable… Read More ›
Lonely Offshore Money Singing “Party In The USA” By Itself
The Fiscal Times reports that American companies are keeping $1.2 trillion in offshore tax havens to avoid paying taxes. The report further suggests that due to lost tax revenues, this costs Americans $1259 per year. 3 Other Ways To Lose… Read More ›
3 Things We Wonder If Snapchat Wishes Would Disappear After Watching Apple Keynote
CNN reports that at its World Wide Developer Conference, Apple announced iPhone users will be able to send videos to other users that will, by default, self-destruct after a few minutes after being viewed… …Which we suspect might make Snapchat… Read More ›
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