Interesting Personal Debt News Links (March 24, 2009)

March 24, 2009

* Homicide case opened, closed in a week (The Advocate)

NEWARK — The death of a 60-year-old woman in fall 2008 was ruled a homicide and cleared, all last week, according to the Licking County Coroner’s Office and Newark police.

* Be careful if they try to sell you loan protection (Charlie Weston, The Irish Independent)

THE recession and the surge in layoffs has provided fertile ground for lenders to prey on workers’ fears by attempting to flog them expensive payment protection insurance on personal loans.

* Wall Street’s Economic Crimes Against Humanity (BusinessWeek)

Wall Street’s Economic Crimes Against Humanity By refusing to consider the consequences of their actions, those who created the financial crisis exemplify the banality of evil, writes Shoshana Zuboff

* It’s not us, it’s THEM (Dallas Morning News)

As the financial crisis has evolved its moral has been simplified, grotesquely. In the beginning this crisis was messy. Wall Street financiers behaved horribly but so did ordinary Americans. Millions of people borrowed money they shouldn’t have borrowed and, not, typically, because they were duped or defrauded but because they were covetous and greedy: they wanted to own stuff they hadn’t earne…

* U.S. economy and The More Things Change (Dallas Morning News)

On the recommendation of colleague and fellow history geek Dave Flick, I’m reading (via Kindle, which makes it extra-geeky) What Hath God Wrought , David Walker Howe’s compelling examination of early 19th Century America.

* Don’t scare off Wall Street (Corpus Christi Caller-Times)

President Obama has described his economic recovery program as a stool with a number of legs. One of them is the stimulus package; another the attempt to stabilize the housing market by helping homeowners in trouble with their mortgages; another is the massive amounts of money the Federal Reserve is pumping into the secondary lending market; and yet another is the Treasury department’s small bu…

* Czech Republic joins East Europe’s falling dominoes (Ambrose Evans-Pritchard, Telegraph)

Latvia’s government fell last month following violent street protests. Hungary’s premier Ferenc Gyurcsany resigned last week after struggling to impose austerity measures required under the terms of a $25bn (�17bn) bail-out from the International Monetary Fund.

* Anekona LLC accused in suit of owing $21.5M (Star-Bulletin, Honolulu Star-Bulletin)

Another foreclosure suit has been filed against Brian Anderson’s Anekona LLC , this time for defaulting on a $17.2 million loan for Coconut Grove Marketplace on the Big Island.

* Q&A: The main measures of inflation (Ashley Seager, Guardian Unlimited)

There are two key measures – the retail prices index (RPI) and the consumer price index (CPI). The RPI is the oldest and broadest measure and is often known as the all-items index. It is this one that had been expected to dip below zero today , marking the onset of deflation , but it actually held up at 0%. The more narrow CPI index showed a surprising rise to 3.2%.

* If Only Earmarks Were the Problem (Carl M. Cannon, Reader’s Digest)

he federal budget deficit this yearnot the accumulated debt, just one years deficit spendingis estimated at more than $1 trillion. The reasons for this are not secret: For starters, the previous administration and a succession of previous Congresses wanted more government than they were willing to pay for. Obviously, this is not a sustainable proposition in the long run, but with both major …


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