Rants

Please, Do Your Own Research

Miscellaneous

I have friends who are completely anti-Obama.  I’m OK with that.  What I’m not ok with is when people make up their minds about things that they heard somewhere without ever bothering to find out themselves if it’s true or not.  A little disclaimer: I’m leaning more towards Obama at this point.  My mind is [...]

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Young Ignoramuses

Debt

How’s this for a hotly debated topic: Should credit card companies be punished for soliciting to youth and college age students? There’s many an argument out there in favor of punishing these companies for “hard-selling” their product to ignorant youth.  I’d wager that there’s probably just as many arguments saying that these companies have no [...]

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Finally! No New Rate Cut!

Personal Finance

Ben Bernanke and the Fed decided today to leave their federal funds rate at its current level of 2%.  They’re finally starting to worry about inflation and seem to think that there is much more upside risk (by inflation of course) than downside risk (recession and a slowing economy) at this point.  I’m inclined to [...]

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Regulation D Is Outdated

Miscellaneous

I understand the purpose of a savings account completely: they are to be used to put money into and to keep it there.  However it would be an insane idea to think that one would not have the ability to access that money with any level of ease.  The Federal Reserve however seems to think [...]

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Greed, Poor Management.. or Both?

Business

If you try to keep up on business news like I do, then by now you have read about Intel and their third-quarter record sales. These record sales can be attributed to strong demand for laptop and notebook computers (on a side note, I do wonder how much of this can be attributed to the [...]

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