Business News Online

Posted on Monday, 7th June 2010 by Gregory Moore

The word credit is used by everybody in today’s world. However, very few people know the exact meaning of the word. Credit is when a person borrows some money from a creditor or a lender to pay for goods and services.

The act of borrowing money also includes a guarantee to pay the money back in pre decided instalments at fixed rate of interest. The entire of America runs on the credit system. However, for a creditor to lend you money, he should know the kind of person you have been in the past, financially. This information is found on your credit report. The credit report has all the information one needs to make a decision regarding credit and lending.

Credit reports are prepared by three main agencies in America. T

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Posted on Sunday, 6th June 2010 by Laura Hernandez

It is the latest evidence of misconduct at Countrywide, once an industry giant that has since fallen. Last year, three top executives, including former CEO Angelo Mozilo, were charged with civil fraud and insider trading by the Securities and Exchange Commission.

The settlement, which seeks to refund money to about 200,000 borrowers, was announced Monday by the Federal Trade Commission. It is the largest mortgage industry settlement for the agency, which oversees non-banking functions such as debt collection.

The FTC’s chairman, Jon Leibowitz, accused Countrywide of “callous conduct, which took advantage of consumers already at the end of their financial rope.”

Bank of America purchased Countrywide in July 2008.

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Posted on Sunday, 6th June 2010 by Jeremy Lee

By Patrick Emerson
Oregon Economics Blog

Over the weekend, Greg Mankiw used his Economic View column in The New York Times to address the ides of taxing soft drinks.   He argues that they are sin taxes and not Pigovian taxes because they are designed to save users from themselves, but do not reconcile the market price with the social cost of the activity because the net cost to society is not likely to be positive.  Soda is like cigarettes, he argues, and cigarettes impose social costs through some secondhand smoke effects and from smokers themselves who get diseases that are costly to treat, but they also cause users to die much younger saving society lots of money in social security payments foregone and the like.

Here is Mankiw:

One argument for specific taxes is that consuming certain products has an adverse impact on bystanders. Ec

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Posted on Friday, 4th June 2010 by Laura Hernandez

Aided by a strong southwesterly wind and waves averaging 4 to 6 feet, the unprecedented threat to Florida’s economy and environment lurks in the dark Gulf waters uncomfortably close to the white sandy beaches of Pensacola Beach, Navarre and Grayton Beach.

Less than 4 miles from the opening of the Pensacola Pass, the vital inlet that connects the Gulf with the inland bays, bayous and coves surrounding Pensacola, Howie Hobbs spots something in the water. It is oil.

A thin sheen — obvious to an experienced charter boat captain like Hobbs but barely discernible to others — is riding the waves.

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Posted on Thursday, 3rd June 2010 by Jeremy Lee

Most small business owners have only a vague idea of what their businesses would really be worth if they wanted to sell. And most of the ones who think they know what the business is worth are probably wrong.  Professional appraisers who regularly conduct business valuations say that owners err on both ends of the spectrum. Some fail to include intangible assets in their estimate and tend to undervalue what they’ve built over time. Others think their businesses are worth much more than the market would dictate.

Business owners often bring in an appraiser to prepare for a purchase, a merger or an employee stock ownership plan. Or

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Posted on Wednesday, 2nd June 2010 by Gregory Moore

Another Liars and Cheats EXPOSED collection fraud documentary:

Fairfax Oral & Maxillofacial Surgery attorneys Cawthorn and Picard’s Illegal Collection Practices

Fairfax Oral & Maxillofacial Surgery FAILED to apply the Delta Dental insurance payment and SUED.  My client was going through divorce at the time and they obtained a default judgment.  Last year they filed for garnishment and my client then obtained the Delta benefits statement and provided it to their attorneys Cawthorn & Picard.  Fairfax Oral finally had to cough up the $1.454 Delta payment.

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