Sometimes, Craigslist adds up to a scam Minneapolis Star Tribune When Niki Lunsford moved to Minneapolis from Mexico in May, she needed two things: a home and a job. Lunsford, like millions of … and more
NTP, which wrested $612m from BlackBerry maker Research in Motion in litigation four years ago, has filed similar suits against the three companies over patents covering wireless email transmissions
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Apple, Google and Microsoft sued over patents
The other possible advantage to a short sale is the ability to get a mortgage again in 2 years ( Fannie , Freddie), rather than having to wait 3-5 years after a foreclosure. Homeowners pursue short sales, unaware of the problems they are creating … What follows next is a story told across the country, but when the scam is played on a community just beginning to get a toehold on forward economic progress, the setback is one that may take more than a generation to overcome. …
Charlie, a Florida vendor, had a few comments regarding vendor sales. From Charlie … Hello Mish, “That’s all folks” is correct and right on the money. I have a vending business here in Florida. I service manufacturing and many general businesses. All are laying off workers. I have machines that were taking in 100.00 plus dollars a week that are now doing only 5.00 per week. This drop off is now much worse than in autumn of 2008. Mish, please tell people to save their …
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Anecdotes from Florida – "Hell is on the Way"
Tony Hayward has turned ebullient over prospects for stopping the spill, but his prospects remain uncertain
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BP chief puts on brave face in e-mail to staff
BP was preparing to fit a new containment cap on its blown-out Macondo well in the Gulf of Mexico that could allow it to stop the leaking oil before the end of the month
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BP pins hopes on new cap for well
Media Matters: The greatest science “scandal” “in the history of man … Media Matters for America Last year, conservative climate change skeptics, in the words of Wall Street Journal's Kimberly Strassel, thought they had found a “gold mine. … and more
Experts believe that many more iTunes accounts have been hacked than the 400 Apple depicted as an isolated case of fraud by a rogue iPhone application developer
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Hacking fear grows for iTunes accounts
News Around The World Today (blog) Foreclosure Rescue Scams : How to Recognize Bogus Mortgage Help Housing Watch After all, you may be behind on your home loan. Credit card bills could be past due, as well. And you're likely struggling just to make ends meet. … Scam targets people facing foreclosure KY3 all 41 news articles
Orrin cornered Salt Lake Tribune (blog) Look I'm not happy with this Wall Street bill it's just another way of controlling our lives. Do you wanna know what's good about it? Nothing. … and more
The whole mortgage market was a scam from 2002 to (still going…). My question is: What is to become of the GSEs? Are they just another giant arm of the executive branch of the USG from here on out? Will they be recapitalized and spun …
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CRA. Fannie. Freddie. Coup de grâce. | The Big Picture
Goldman sued by Liberty Mutual over Fannie stock Reuters N) was sued by Liberty Mutual Insurance Co, which accused the Wall Street bank of fraudulently misleading it into buying preferred stock of mortgage … and more
In response to Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a “Mixed Bag” a couple of people challenged me on retail sales figures, notably a statement that state sales tax collections were still down. Let’s take a quick look at data from a few key states followed by a closer look under the hood as to what is really happening and why. California – Statement of General Fund Retail Sales and Use Taxes May 2009 $3,151,394,000 May 2010 …
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Did Retail Sales Rise or Did Tax Rates Go Up?
The UK medicines regulator has approved the use of Botox to help with the more medically important issue of headaches including sensitivity to light, nausea and numbness
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Botox approved for use as migraine medicine
The big buzz at the annual Sun Valley conference was the sight of Mark Zuckerberg, chief executive of Facebook, stepping into a car with Eric Schmidt, chief executive of Google, that set off rounds of excited speculation
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Power balance shifts at Sun Valley
Washington, DC – July 9, 2010 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) has found that the average total “g-fee” charged by Fannie Mae and Freddie Mac on single-family mortgages fell in 2009 relative to 2008, from 25 basis points to … TALLAHASSEE, FL – July 16, 2010 – (RealEstateRama) — Florida CFO Alex Sink today announced the arrests of six criminals involved in a mortgage fraud scam that resulted in more than $2 million in fraudulent mortgages. …
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FHFA Report Concludes Fannie Mae and Freddie Mac Guarantee Fees …
And in terms of dollars, it would be hard to top the accounting scam that Obama’s budget wonks are trying to pull off now. The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the government’s balance sheet and out …
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Fed shifts $4.4 Trillion of toxic debt to…? | Ron Paul 2012 …
Search group and Beijing’s internet guardians appear to reach compromise which will allow US company to keep operating
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China renews Google web licence
A Lame Duck, a National/Voter ID, and the Pun That Makes it All Worthwhile Cato @ Liberty In a Wall Street Journal opinion piece this morning, John Fund speculates about a post-election, lame-duck strategy in which Democrats move a variety of … and more
Ex-NIR Analyst Pleads Guilty To Securities Fraud Wall Street Journal Federal authorities have been investigating the Roslyn, NY-based NIR Group and founder Ribotsky since at least 2009, The Wall Street Journal reported. … and more
It’s a sick game, but the elite seem to get their jollies by pulling this scam in country after country. It appears the elite appear to want to up the ante. It appears they are getting set to turn the guns inward and go after the hard … The Fannie and Freddie disaster is but one glaring example. http://soquelbythecreek.blogspot.com/2010/02/ fannie -freddie-and-you-as-secret-santa.html. The lack of meaningful, practical reform of Social Security and Medicare is another. …
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EconomicPolicyJournal.com: Is the IMF about Ready to Muscle U.S. …
Kent Online 12 sentenced over luxury holiday scam The Press Association McKenna, of Howick Close, Royal British Legion Village, Aylesford, was sentenced to 36 weeks in prison suspended for two years and 400 hours of unpaid work , … Holiday fraudsters jailed for 60 bogus bookings Kent News all 6 news articles
iNews Connect New Work From Home Report Could Ease Income Woes iNews Connect To be able to work from home online is a dream for many, and a new report just out could be the answer to that dream for thousands of cash-strapped families …
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New Work From Home Report Could Ease Income Woes – iNews Connect
California Progress Report Phony Agents Prey on Homeowners California Progress Report Jiles has been out of work since March 2009, and since last October, she has been trying to get Chase to modify her mortgage so she can stay in her home . … and more
The demise of United First Financial is apparently imminent. The company has had anemic sales for more than a year, and it seemed it was only a matter of time before Ufirst folded. The end is coming nearer, as people at the top of the pyramid are looking to the best people (not those bad ones who just get drain cash from the company every time they get a commission check) to find a new way to sell this crappy software via an MLM model. Witness this email from Rich Schaffer, a pyramid-topper who gives excellent details about just how awful U1st Financial is doing! Sent: Thursday, July 01, 2010 10:59 PM Subject: Proposal for a New Company! From: Richard Schaffer Everyone, In lieu of all the challenges and difficulties that we have all been struggling with over the last 12-18/m, I genuinely believe that it is time that we all accept a few very harsh realities. But before I get into that, the primary reason for this e-mail is that I have an idea, a proposal really, that I truly believe with everything in my soul can absolutely change the direction of our Company moving forward! What I am about to say is not intended for anyone (nor has it been shared with anyone) not included in this e-mail. But I think it’s time that someone said what everyone is already thinking – but everyone is apparently afraid to actually say out loud. Let me begin by trying to set the stage with 10 main points regarding what is really happening, how everyone (actually) feels, and what is going to inevitably occur if we don’t take some very drastic measures fast! The ‘Network’ is dead, and it’s not coming back. This is not intended to be negative, it is simple being honest and realistic. I don’t think it even matters if we launch V5, complete ‘Step’ 3, change the Company/Product name or change our comp plan or the MLM commission platform. There has simply been too much damage done for too long. That is no one’s fault in particular. Sometimes business is like life and relationships; even with all the best of intentions and even between 2 people that are ‘right’ for each other, the timing or the circumstances are simply not right. Or a relationship ends because the couple simply shares too much ‘reality’ due to all that has happened and it dies – and it can never be the same. I believe Private Labeling and HR have tremendous potential! I believe as much as ever that our product is awesome – and needed more than ever in the marketplace! We are unfortunately (legally) stuck paying far too many people O.R. Commissions that don’t do anything or provide any value to the Company – which is sucking up commission dollars that could otherwise be paying the (few) active Leaders in the Field that matter. The Private Label and HR Initiatives will end up capturing most all of our truly ‘key’ people. This is both good – and bad. Good for the obvious reason. Bad, because in the process it will ultimately cannibalize the ‘Network’ and cause some very real friction (if not lawsuits – or both) in the Field when Leaders/Uplines begin to accuse the Company of ‘taking’ their key people that they recruited, trained etc and end up NOT getting pd for their future efforts/production. Compromising by paying a few levels will NOT solve the problem (as regardless of how many levels you do pay – it will always be one too few for someone!) Also, in so doing, we will effectively dilute the entire basis of what we are looking to accomplish with those Campaigns to begin with! So it will end up being counterintuitive. We cannot rush the release of V5 at the risk of it being anything but perfect! There is FAR too much riding on it with large Company’s on the line! We will have ONE shot to get that right! So, we need to (collectively) buy as much time as necessary to do so! The Company is no doubt literally hemorrhaging cash right now. And we have to do everything possible to keep it from getting any worse than can be helped by keeping as many people active as possible. Including keeping key potential PL and HR candidates into play (at least on the sidelines as spectators) until they are fully ready to go. Corporate is no longer ‘in love’ with the Network – and unfortunately, neither are the key Leaders. It is simply a fact. Therefore, none of us will probably ever really get behind it the way that would be necessary for it to work – at least not enough to really make it worth it. We cannot either justify financially or logistically having a National Convention at this time. Both due to finances and the negative perspective that having only 300-400 people attend would create. Instead we should set a date (say Oct) that the 10 of us along with 25-50 from each Organization come together to LAUNCH our NEW direction! This would allow us to bring together maybe 100, maybe even 250 of the very BEST Leaders and Agents that we have hand selected to be a part of our NEW COMPANY!! I think if you are all being completely honest with yourselves, you cannot help but agree with most, if not all of what I just stated above. Therefore, I propose that instead of just sitting back and watching the Network die like a rabbit that you just ran over on the side of the road; that we collectively take ownership of it – and PROACTIVELY phase it out! Strategize it so that we can effectively ‘spin’ it in a positive direction of OUR choosing instead of the one that will inevitably be created by the Field. We take the Top 5 most visible and identifiable Leaders in the Field; Steve, Dave, George, Mike and Myself, and we go thru our entire Company and collectively SELECT each of our TOP 20,25 even 50 people in our Organizations and we divide them among the Leaders just mentioned. NOT as ‘level’ agents in a ‘Network’ but rather specifically to market our Program thru the HR and PL platforms. They would report to us directly just like account executives. This may apply primarily to the PL Initiative as we may have to structure the HR component somewhat differently. But we would clearly play major roles in that Campaign as well. We would take possibly $1.00 from EVERY P.L. Deal and put it into a Pool for the 5 of us to encourage everyone to work together and to avoid any backbiting etc. We would also want a limited equity stake in at least the P.L. Initiative and some degree of nominal subsidy during the next 3-6/m while we are building this new platform and completing this process. There are numerous details that we’d have to obvious sort out, but you hopefully get the idea. This would address nearly every issue that we have – and will inevitably face within the next 6/m. It would also keep the top Leaders in the game (very key) keep as many agents producing during this ‘transition’ as possible – and ‘buy’ us the time necessary to complete all of the tools and resources required to ensure that those Initiatives are successful. It also allows us to trim the fat and (legally) carve out anyone that, quite frankly, we simply don’t want anymore. But more importantly, allow us to cherry pick the very best! Those that we actually like, trust, respect and know are genuinely capable of helping us to be successful with our new direction. I am also VERY confident that with the Leaders behind it, we CAN ‘sell’ this in a very positive way!! This IS the best overall solution to the numerous challenges that we are all struggling with – I believe it in the depths of my soul!! I would like to suggest that we try to get EVERYONE (at the SAME time) on a call to discuss this ASAP!! Time unfortunately is NOT on our side right now. And I just don’t want to see us blow this chance when we still have some very key people on board that could ensure that this is a major success Please consider this with a very open mind and take the time to fully digest the overall picture that I have tried to paint here. This could truly be the best way for us to salvage what we have – and maximize what we’re looking to do. Rich
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Ufirst Financial: This is what a collapsing pyramid looks like
Scam targets people facing foreclosure KY3 By Gene Hartley A government program meant to help people thrown out of work save their homes is stuck in slow gear. … and more
The search company’s cars will hit the road again in four countries after assurances on wireless data collection
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Google to resume Street View photography
Digital Spy DiCaprio Teaming with Scorsese Again in 'Wolf of Wall Street ' CDInsight Their adaption of the tell-all memoir Wolf of Wall Street , which was written by Jordan Belfort, has been in the works since 2007, but it appears that the … Leonardo DiCaprio May Reteam With Ridley Scott On Wall Street Movie MTV.com DiCaprio and Scott stalking The Wolf of Wall Street ? Awards Daily (blog) Ridley Scott and Leonardo DiCaprio looking to team on The Wolf of Wall Street Flix 66 (blog) /FILM (blog)
Consumer credit has fallen an unprecedented 7 consecutive quarters. Moreover, credit is poised to plunge further as consumer spending plans are falling through the floor. Bloomberg reports Consumer Credit in U.S. Declined More Than Forecast.Consumer borrowing in the U.S. dropped in May more than forecast, a sign Americans are less willing to take on debt without an improvement in the labor market. The $9.1 billion decrease followed a revised $14.9 billion slump in April that was initially …
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Consumption Inflection Point – No One Wants Credit; Consumer Spending Plans Plunge
High-speed trading The Durango Herald As reported by the Wall Street Journal, the Dow Jones industrial average had the “biggest intraday point drop in its history” with a “high-low swing of …
Globe and Mail White House – Remarks by the President at a Fundraiser for Senate Candidate … ISRIA (registration) She's not going to Washington to represent the oil industry or the insurance industry or the banks on Wall Street . She's not even going there to represent … White House – Remarks by the President at Grassroots Event for Senate … ISRIA (registration) all 544 news articles
As Federal Government Sues Arizona, Study Shows Staggering Cost Of Immigration Personal Liberty Digest I have no problem with immigrant workers coming here on a work visa and returning home . What I do object to is illegal persons taking jobs away from … and more