Peter Mehit is co-founder and Managing Partner of Custom Business Planning and Solutions, a business consulting firm that provides problem solving, planning and process help. He has worked from private equity to the Fortune 100 at all stages.
He can be reached at pmehit@wbpllc.com or at 800-741-8444.
The government has been backing up to the back doors of these institutions, unloading truckloads of cash. Many have used the funds to purchase other banks or shore up their balance sheets; few have passed any relief to their customers. The backlash against them has primarily been debt repudiation (bankruptcy and foreclosure) and now, debt cancellation.
Spinner excoriated OneWest for repeatedly refusing to work out a deal, for misleading him about the dollar amounts at stake in the case, and for its treatment of the couple over months of hearings.
OneWest’s conduct was “inequitable, unconscionable, vexatious and opprobrious,” Spinner wrote.
He canceled the debt because the bank “must be appropriately sanctioned so as to deter it from imposing further mortifying abuse against [the couple].”
The bank is involved in a similar case in California, where it’s trying to foreclose on an 89-year-old woman, despite two court orders telling it to stop.
The very thing that the former endowment chiefs had worried about and warned of for so long then came to pass. Amid plunging global markets, Harvard would lose not only 27 percent of its $37 billion endowment in 2008, but $1.8 billion of the general operating cash – or 27 percent of some $6 billion invested. Harvard also would pay $500 million to get out of the interest-rate swaps Summers had entered into, which imploded when rates fell instead of rising. The university would have to issue $1.5 billion in bonds to shore up its cash position, on top of another $1 billion debt sale. And there were layoffs, pay freezes, and deep, university-wide budget cuts.
This is mainly an experimentation with soft bodies using toxi’s verlet springs.
The data refers to the evolution of the top 4 maritime empires of the XIX and XX centuries by extent. The visual emphasis is on their decline.
Get ready for this. You’re being evaluated, no, judged by the company you keep on social networking sites. Using public data, new firms are making some pretty sweeping judgments about you based on what you freely post on sites like MySpace, Twitter and Facebook.
70% of U.S. consumers claiming they “definitely would not” allow advertisers to track their online behavior–even if they remained anonymous–its unlikely consumers will react favorably to businesses monitoring and ranking their social “footprints.” According to the CDT’s Dempsey, further oversight is inevitable, and will likely lead to more transparency. Ultimately, however, Dempsey believes consumers get what they pay for.
“Social networking is part of the advertising-supported Internet,” he says. “It’s one of the free services we all enjoy. Now people are becoming aware there is a cost.”
This is an infographic detailing the perceived corruption by nation around the world. The darker the blue, the lower the score, the more corruption in the political and social systems.
Every once in a while, something comes along that stuns you. It’s the most creative use of money or power ever. This story sounds like something two teenage madras students would daydream about:
You want to do what?WTF?
When an elderly gent places an order for 500 leggy lovelies to attend a party in Rome, scenes of a saucy nature would seem to be guaranteed.
Not, however, when the customer happens to be Colonel Muammar Gaddafi.
…the 67-year-old Libyan dictator suggested they convert to Islam.
Madman or Muppet?
Each of the women were given a Koran and Green Book, the leader’s views on democracy and his political philosophy
“When you’re admin of a group, you can basically do anything you want with it,” the group’s Web page states. “You can change it’s name, and the groups members won’t even get a notification of it. You can send mails to all members and edit info.” An evildoer could seize a widowed group (such as the hypothetical group “Sweet Valley High LoOoOoVeS Robert Pattison,” for instance) and change the name to something offensive (like “The Coalition for Pedophile’s Rights”), thereby damaging the image of the group members.
Stimulus Dollars Pay for 139 Monterey County Jobs.
Ground to be Broken on 91 Freeway Widening Project.
California Leads Stimulus Job Count with More Than 100,000.
Big Money Comes in For Water Projects in Redwoods.
SMUD Receives $128M in Smart-Grid Funds.
San Diego Region Nets $154 Million for Clean Energy.
Modesto Irrigation District Given $1.49M Grant.
SDG&E to get Federal Smart-Grid Funding.
UC Davis MIND Institute gets $12M Grant.
CSUF to Reinstate 264 Courses this Spring.
Whittier Plans $2.6 Million Worth of Road Projects.
Trinity County Uses Stimulus Money to Add Bus Service to Redding.
Along with THIS editorial:
Why Stimulus Jobs aren’t Built to Last: Stimulus may have created or saved 640,000 jobs so far, but many of those positions were never intended to last.The American Recovery and Reinvestment Act was designed to put millions of people to work, mainly for shovel-ready” projects. By their very nature, most of those projects last only until the work is completed or the funding runs out. That means millions of workers hired with stimulus funding are left looking for a job after the stimulus-funded program is completed. The bottom line is these are meant to be stop-gap measures,” said Doug Roberts, chief investment strategist at Channel-CapitalResearch.com. “This is fairly typical in stimulus plans. It’s the same as it was in the 1930s: to put people back to work, the government looks at all of the stuff that was on its to-do list.” Roberts said the idea behind temporary, “shovelready” stimulus jobs, is to help the labor market ride out the storm: When the money runs out, hopefully the economy will have bounced back, and those temporary workers will be able to find full-time employment.
This is mainly an experimentation with soft bodies using toxi’s verlet springs.
aluated, no, judged by the company you keep on social networking sites. Using public data, new firms are making some pretty sweeping judgments about you based on what you freely post on sites like MySpace, Twitter and Facebook.
Dispatches From The Front 