Archive for August, 2008
Tuesday, August 5th, 2008
Bank Examiner? Insolvent?!! Old Man Potter Will Pay You Fifty Cents On The Dollar!
Whispers and rumors of a major bank going under soon. Maybe this Friday, maybe next Friday….overheard recently: CHARLIE: Tell us about our money, George? Where’s our money? GEORGE: Now, please! Now, wait minute! Listen to me! Now, you’re thinking about building and loan all wrong. Your money’s not here! PEOPLE IN CROWD: What? GEORGE: Wait [...]
No Comments » - Posted in The Fed by RichSlick
Monday, August 4th, 2008
Airlines To Charge $30 Fee For Cabin Pressurization
I just read this interesting article outlining new fees on JetBlue and decided to see what else was coming. It turns out airlines will charge $30 to pressurize the cabin. “We felt that this service added a great deal of comfort to our passengers and many were willing to pay a premium to make sure [...]
No Comments » - Posted in Watch Out by RichSlick
Monday, August 4th, 2008
What’s Happening To YUM Restaurants?
With Bennigans and Steak & Ale going under recently and StarBucks closing down 600 stores I can tell you which chains will likely fall next: Yum restaurants. The past couple of weeks we’ve eaten at Pizza Hut and KFC and the food has been absolutely horrible. I’m not sure if the spike in commodity prices [...]
2 Comments » - Posted in Evil Profits by RichSlick
Sunday, August 3rd, 2008
When Will Personal Finance Software Grow Up?
I had been considering signing up for Wesabe or Mint.com and read various reviews from pf bloggers and other tech magazines but ultimately decided against it. The main problem I have is different than the one I had with Quicken, these applications are designed with a mass consumer market mentality and that pretty much puts [...]
4 Comments » - Posted in Money Management by RichSlick
Friday, August 1st, 2008
Switching From Credit Cards To HELOC For Investing Arbitrage
Credit cards have gotten a bit greedy with their balance transfer fees. I have about 150k in credit lines on various credit cards and most of them now come with a 3% (no cap) balance transfer fee. If I do the math, borrowing 60k at 0% for 6 months with a 3% fee then I’m [...]