At a time when banks remain reluctant to approve business loans, many are issuing more and more unsecured personal loans. SmartMoney reports that SunTrust Bank handed out 23 percent more personal loans through September 2011 than it did in the same period a year ago, while TD Bank issued 5 percent more personal loans. Wells Fargo and Capital One also say their personal loans are up.
Category: News and Views
The Enemy is Us | The Ewing Marion Kauffman Foundation on Venture Capital Investing
In “WE HAVE MET THE ENEMY… AND HE IS US” , Lessons from Twenty Years of the Kauffman Foundation’s Investments in Venture Capital Funds and The Triumph of Hope over experience no detail is spared in a direct, unflinching look at how a $2BN, entrepreneurial foundation under performed the S&P 500 through group think and the willingness to be lead.
A long read, and somewhat technical, but truly worth the time. It makes a lot of what we’re seeing make sense.
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- S&P / Case-Shiller Home Price Indices
- Mass Layoffs and Unemployment Claims
- Employee Compensation on Par with Inflation, Industry Specific Compensation Varies
- Events of Interest
- June 26: 2012 LA NABE Robert T. Perry Awards Luncheon
- July 25: 2012 LAEDC Mid-Year Economic Forecast
INSANE Graphic Shows How Ludicrously Complicated Social Media Marketing Is Now | Business Insider
Maybe this is the reason General Motors went “mental” and pulled its Facebook ad budget.
Why Best Buy is Going out of Business…Gradually | Forbes
“How is that any of your business?” I asked him. “All right then,” he said, the fake smile unaffected, “You folks have a nice day.” He slinked back to his pit.
Bianca Bosker: Is Facebook About to Crash Its Own Party?
Having attracted 900 million users to the biggest party in history, Facebook now has to sell them stuff — without being a buzz kill.
Minute by minute, Nasdaq chaos engulfed Facebook IPO | Reuters
That move to a secondary matching engine used the order book as it appeared at 11:11 a.m. – but this meant new orders and changes in orders that came in later did not show up in the opening price.
Times Square Drum Solo
To see his 2011 effort, where he played up a Brooklyn building, click here.
New Business Ideas, Innovations And Opportunities Around The World | CoolBusinessIdeas.com
Mr. Heineken’s idea came after a visit to the Caribbean where he saw two problems: beaches littered with bottles and a lack of affordable building materials.
Dale Earnhardt Jr. has an offer for bill-backing Republican – USATODAY.com
Creech said that in fiscal year 2012, the National Guard has been contacted by more than 24,800 individuals interested in joining because of the racing sponsorship. Of those, Creech said that 20 were qualified candidates and that none joined.
YOUR TAX DOLLARS AT WORK: That means a $26MM sponsorship had a $1.3MM per recruit cost. Way to go! – Ed.
Dispatches From The Front 