Balancing your checkbook can give you a firm knowledge of how much money is in your account. It can help prevent you from bouncing checks, make up a simple budget, help you avoid fees, and detect errors from your bank. Steps 1. Keep a check register. Write down all transactions, not just checks. Many checking accounts come [...]
Archive for the ‘Finance’ Category
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Iran, Russia to use national currencies in trade ties
Posted by Julio Nerney on January 9th, 2012
Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday, January 7. Tehran’s Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for replacing US Dollar with Ruble and Rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart [...]
Spending Committee Recommends halving next year’s deficit; both cuts and Tax Hikes possible
Posted by Julio Nerney on January 4th, 2012
Legislative leaders Thursday night embraced a “balanced approach” to balancing next year’s state budget, recommending that the governor halve the ongoing billion-dollar deficit using both unspecified spending cuts and possible tax hikes. The Spending Affordability Committee, dominated by Democratic fiscal leaders, rejected Republican attempts to balance the projected $15.9 billion general fund budget without any [...]
Country or Contributions
Posted by Julio Nerney on December 29th, 2011
When Corporate America started offshoring jobs in the ‘70s, the economists told us not to worry about manufacturing; we would maintain a service economy. Then when the service economy was offshored to India, the economists told us we needed innovation, research, and training. Now when Obama’s job czar, the CEO of GE, offshores research to [...]
U.S. Challenges China Over Chicken Tariffs
Posted by Julio Nerney on December 22nd, 2011
The World Trade Organization (WTO) routinely rules against the United States in trade disputes. China has been the WTO’s favored child since it joined in 2001, with the country’s transgressions going largely overlooked. The United States has decided to bring a complaint against China in the WTO over tariffs placed on U.S. chicken feet exports, [...]
Markets Fail When Humans Are Unregulated
Posted by Julio Nerney on December 19th, 2011
Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity Futures Trading Corporation, a government regulatory agency, from doing [...]
Sector Detector: As Europe Disappoints, Stocks Look to Santa for Support
Posted by Julio Nerney on December 15th, 2011
After a nice pop last Friday and an aborted attempt to get it going again on Tuesday, stocks were down 3% for the week through Wednesday. Among the ten U.S. sector iShares, Energy (IYE) and Basic Materials (IYM) have led the market down this week. The “risk-off” movement has sent investors into the safety of [...]
Solving America’s Economic Crisis
Posted by Julio Nerney on December 12th, 2011
The U.S. has a stalled economy – one that is unable to employ all those Americans who want jobs, plus maintain an assured national security. The three major signs of this are: * Inflation is turning to job-destroying deflation;* Interest rates are at post-World War II lows, yet investment is anemic;* Federal debt as a [...]
Thursday’s Thoughts – To ECB Or Not to ECB?
Posted by Julio Nerney on December 8th, 2011
To bail, or not to bail–that is the question:Whether ’tis nobler in the EU to sufferThe slings and arrows of outrageous swap rates Or to print money against a sea of debtAnd by printing, inflate them. To loan, to bail– No moreAnd by a loan to say we end the illiquidity,and the thousand natural shocksThat economies are [...]
What Next for the Economy? Eurozone Aims for Tighter Control; Banks Told to Secure Capital
Posted by Julio Nerney on December 5th, 2011
It hasn’t been a good week for the British economy, as woe upon woe is heaped upon an already worried nation. In the week that the Chancellor of the Exchequer, George Osborne, released his gloomy Autumn statement, the UK economic forecast was downgraded, with Britain’s GDP expected to grow 0.9 percent, as opposed to 1.7 percent [...]
