Monthly Archives: September 2011

Weekly Economic Update | LAEDC


Pork chopped: Rick Perry takes heat for barbecue blast |

“Holy Smoke” co-author John Shelton Reed, a retired University of North Carolina sociology professor, said Monday that people in his state do not mess around with this form of cooking. “Barbecue,” he said, “is the third rail of North Carolina politics.”

Don’t laugh.

Read Article.

Euro Tarp – Why It Will Be A Screaming Failure | ZeroHedge

9x times a problem doesn’t make the problem smaller does it? What could possibly go wrong?

GEEK ALERT: Some technical stuff. Really scary technical stuff. -Ed

Read Article.

The SBA Doesn’t Loan Money | Lydia Mehit

Q. Should I get a loan from the SBA?

A. You can’t get a loan from the SBA, but you can get a SBA loan guarantee. Come again?

Well, first off, the SBA does not loan money, so you can’t get a loan from the SBA.

The SBA guarantees a large portion of the loan made by the bank.  This means you have to negotiate two sets of paperwork and get two approvals before you get funded.

Q. What is the benefit of a SBA loan guarantee?

A. An SBA guarantee gives the bank the opportunity to fund a loan that doesn’t meet their commercial requirements. The SBA guarantees the bank will receive their funds even if the borrower, you, defaults on the loan.  The guarantees range from 50 to 90% of the loan amount.

Continue reading

‘Governments Don’t Rule The World, Goldman Sachs Rules The World’ | BBC

“This is not a time right now for wishful thinking that governments are going to sort things out,” Rastani said on an interview with BBC on Monday morning. “The governments don’t rule the world, Goldman Sachs rules the world.”

At first blush I thought, ‘At long last, the truth’ but it turns out that the BBC was likely punked.  -sigh-  -Ed.

Read Article.

Federal Reserve Seeks Real-Time Monitoring of Social Networks, Bloggers, Forums, and “Influencers”

…the Fed will be able to specifically target information being put out by news web sites and even individual users (in forums or comments) and then respond to that information in kind by either contacting “key bloggers” and “influencers,” or simply ramping up their public relations machine to either discredit the message…

Read Article.

Sometimes A Brand Isn’t Worth Saving. Here’s How To Tell | Co. Design

However, not all brands have the same potential for growth through revitalization. All too often, at the sight of declining sales, the knee-jerk reaction is to try to reinvent a brand without asking if it’s worth the investment in the first place.

Read Article.

It’s A Long, Hard Road | ZeroHedge

“We’re Here To Help”…Again, we simply cannot overemphasize the importance of getting the big picture macro model right as we make investment decisions ahead. Our primary goal is simply to stay in harmony with directional changes in financial asset and hard asset prices ahead, not necessarily making continual value judgments about policy.

Read Article

Dads less likely to die of heart problems |

Dads are less likely to die of heart disease than men who’ve never had kids, a study out Monday found, raising new questions about a possible biological link between male infertility and overall health.

As a dad myself, I thought the exact opposite was true. – Ed.

Read Article.

Facebook Forms a PAC [Updated] — Daily Intel

Because Facebook doesn’t have enough influence already, the company has decided to form a political action committee.

Read Article.