Archive for December, 2010

Peninsula readers’ letters: Dec. 31

Friday, December 31st, 2010

Haley is easy choice for coach of the year
In August, Todd Haley had no idea his second season in Kansas City would be so delightfully better than his first season. Still, he sensed he was on the right track — even though it likely wouldn’t be the fast track to NFL riches. “I knew last year wasn’t going to be easy or fun or smooth or comfortable,” Haley said on one of the final days of the Chiefs’ training camp in August . “And it lived …

Read more on ESPN Blogs

Rethinking resolutions
Economy may refocus goals or New Year’s resolutions for 2011.

Read more on The MetroWest Daily News

Peninsula readers’ letters: Dec. 31
Letters from Daily News readers.

Read more on San Jose Mercury News

How can I consolidate all my Sallie Mae Loans?

Friday, December 31st, 2010

On my credit, I have a long list of my student loans (Sallie Mae Loans) that are all either $2000 or $1800 each. How can I consolidate then into one account for when I start paying on them? I would rather go through Sallie Mae directly then have some other company buying it, because I have a good interest rate with them.

A link would be most helpful!

How do I categorize a credit card payment on my business taxes?

Friday, December 31st, 2010

If I charge $1000 on a business credit card for my LLC, and I make a payment of $200 for a monthly payment and $150 goes toward the balance and $50 goes toward interest, how do I categorize the credit card payment?

Do I claim the $1000 that I spent and also claim each payment I make on the credit card?

Best Ways to Spend a $25,000 Windfall

Friday, December 31st, 2010

Philly area’s smaller banks not hurrying to repay TARP funds
Banks nationwide have repaid $168 billion of the $205 billion the federal government poured into them in 2008 and 2009 as part of the huge economic bailout effort.

Read more on Philly.com

Out of Lehman’s Ashes Wall Street Gets Most of What It Wants
Wall Street’s biggest banks, whose missteps caused a global financial crisis and economic slowdown two years ago, were more agile when it came to countering the political and regulatory response.

Read more on BusinessWeek

Best Ways to Spend a $25,000 Windfall
A reader inherited $25,000 and has myriad debts to pay, but can’t figure out how to divvy up the money among all her creditors

Read more on FOX Business

How to use my credit card wisely?

Friday, December 31st, 2010

I’m 18, and interested in getting my first credit card. I want to build up my credit which, I don’t think will be a problem because I’m really good at paying bills on time. What are some good tips as well as do’s and don’ts when I get my first credit card? What should I be aware of? What would be helpful to avoid?

The Vatican Creates a Financial Watchdog

Friday, December 31st, 2010

India ICICI Bank to raise base rate, lending rate
NEW DELHI, Dec 31 (Reuters) – ICICI Bank , India’s second-largest lender, said on Friday it will raise its base rate by 50 basis points and benchmark prime-lending rate by 25 basis points, both effective Jan. 3.

Read more on Reuters via Yahoo! Asia News

India ICICI Bank to raise base rate, lending rate
NEW DELHI, Dec 31 (Reuters) – ICICI Bank , India’s second-largest lender, said on Friday it will raise its base rate by 50 basis points and benchmark prime-lending rate by 25 basis points, both effective Jan. 3.

Read more on Reuters via Yahoo! Philippines News

The Vatican Creates a Financial Watchdog
A new law creates an authority to ensure that the Vatican’s financial entities comply with European Union standards. The Vatican bank is now the focus of an Italian judicial investigation.

Read more on New York Times

who is to be blamed for the present global financial crisis?

Friday, December 31st, 2010

A.In the capitalist system which business cycles called boom and depression which cause collapse of economy are inevitable. in boom excess production is made without considering the demand aspect. only in capitalist countries like the us, the uk and India, the private sector banks failed but not the public sector banks .
B. The mistakes committed by the greedy CEOs of corporates who caused for the financial mess.

http://en.wikipedia.org/wiki/Real_Business_Cycle_Theory

Is it illegal to copy a credit card on a copier?

Friday, December 31st, 2010

Today at work our credit card machine stopped printing so we took a card, made a copy and wrote out a reciept. The card holder got completely bent out of shape and demanded the copy of his card back saying copying it is illegal. I thought it’d be OK because even a business owner’s reciept will have the card # on it. Does anyone know if it’s illegal to make a copy of a credit card?

Big-ticket items at low-interest financing

Friday, December 31st, 2010

This Week in Credit Card News: Rewards, Debt Reduction and Dirty Secrets
Card solicitations, and spending on cash-back cards, are up.

Read more on Forbes

Apollo swoops in on bank’s fire sale
Credit Suisse is selling a $2.8bn portfolio of soured commercial-property loans to Apollo Management for $1.2bn, marking one of the largest bank sales of distressed real-estate loans since the downturn, according to people familiar with the matter.

Read more on eFinancial News

Big-ticket items at low-interest financing
A home and a new car aren’t the only things you can buy with loans. There’s financing now for big-ticket items, such as vacations, engagement rings, even fertility treatments.

Read more on Bankrate.com

I am from the uk and im doing a talk on america ……?

Friday, December 31st, 2010

what topics do you think i should talk about, which would be most interesting ? eg. economy, tourism