Monday, November 29, 2010

Making Money on Line




Progressives have suspected for years that working- and middle-class Americans vote for the GOP because they have a deeply unrealistic idea about their real chances of becoming wealthy. We've joked that working stiffs vote for tax cuts and other goodies for the rich because they seriously believe that they're going to be rich themselves someday, and want to make sure those advantages will be there for them, come the day.


To date, this has been just a guess on our part -- but a recent study now proves that this guess was right on the money. The Myth of the Self-Made American is being bolstered by a delusionally optimistic view of just how many people actually make it to the top 3% income level. It's a delusion that affects almost everyone, but particularly those who vote Republican.


Ryan Enos at yougov.com explains the results of a YouGov/Polimetrix poll conducted a few weeks before the recent election. As he explains their findings:


The hot button issue with the tax cuts is whether to renew the cuts for families earning more than $250,000 a year. The wrangling among politicians over this issue seems to mostly involve whether or not earning that amount of money qualifies somebody as wealthy.


What's amazing about the magic number of $250,000 is that, based on responses to a recent YouGov/Polimetrix poll, by and large, Americans have a very distorted view of how many people make that much money.


Any idea what proportion of American families make more than $250,000 a year? Or, to potentially make it easier, any idea what proportion of families in your state make more than $250,000 a year?


Don't feel bad if you don't know—most people don't. The actual number, nationwide is somewhere less than 3% of families earn more than $250,000 a year. What did the survey respondents say when asked this question? The average response was close to 17%!—meaning your typical survey respondent thinks that almost 1 in 5 families in America earn that kind of money, when the answer is closer to 1 in 50!


Enos goes on to point out that there are only a few states where the actual number of $250K earners even cracks 8% -- Maryland, Massachusetts, New Jersey, New York, and Virginia. But when the question was put to people in those states, they weren't even half right, because their answers tilted upward, to about 21%.


Furthermore: the more money you make, and the more education you have, the more accurate your guess becomes. People making over $150K guessed an average of about 11%; those making under $30K thought it was more like 21%. College graduates guessed 12%; people with graduate degrees were closer, but not by much.


And only 15% of the survey participants answered 3% or under --though one-third of those answered "zero," meaning they thought nobody in the country makes more than $250K a year. Deduct this disconnected 5%, and you're left with just 10% of Americans who have a realistic sense of just how rare a $250K income is in this country.


While Republicans and Democrats gave about the same answers, the study also found that the more distorted peoples' views were, the lower their opinion of President Obama was, and the more likely they were to vote Republican last November 2. The bottom line, says Enos is this: "A person that says 20% of people make $250,000 is more likely to vote Republican than a person that says 5% of people make $250,000."


The irony, writes Enos, is that "people making less money actually believe that there are more wealthy people out there than wealthy people do."


This distortion explains a good deal about why middle- and working-class people vote for the GOP. A quarter of a million dollars sounds like an attainable income to most people -- they know at least a few people around town whom they imagine have already made it -- and they honestly think that with the right break or a little work, they might get there someday, too. It could happen.


Combine this with the common misunderstanding about how marginal tax rates work (hint: it's only the income over $250K that's taxed at the higher rate, not the whole year's take), and it's not hard to see why so many people making the average household income of $53K are incensed by the idea of increasing the marginal tax rate on the top 3% -- and why they think Obama is attacking them personally by suggesting such a horrible thing. They've bought into a myth about their chances of moving up the economic ladder that's at vast odds with the actual facts.


Some critics think Obama picked the wrong number, and that proposing at top tax rate that kicks in at $500K or a cool million would have avoided this problem. The average voter might have had a harder time imagining these numbers as being attainable. Maybe so. But maybe not: given how strong the myth of the self-made American is, and how many falsehoods you have to take on faith to believe it, we may be dealing with a level of delusion that's impervious to even really huge numbers, the kind that define only the top 0.5% of Americans.


We are living in a fact-free world now. Stories are all that matter. And in hard times, people tend to cling harder to their dreams -- especially the dream that no matter how bad things are now, someday they're going to rise above all this and triumph. Telling them the truth under these conditions is hard, and perhaps even cruel.


But one of the hallmarks of countries that are falling into chaos is that people come to believe more and more absurd things. Truth gives way to truthiness; facts aren't given the same weight as feelings. The huge disconnect between people's perceived prospects and their actual prospects shows just what a masterful job conservatives have done. They've convinced people to believe that their potential for mobility is as good or better than it ever was -- even as they've stolen the usual routes to a better life (education, home ownership, public investment, and so on) right out from under them.



What drives an entrepreneur to start a business?  Is it solely about money?  Or is there something more?  I argue that often it is the  same creative drive that compels an artist to paint, a musician to compose, or a sculptor to look at a piece of rough marble and see an angel inside.  And those who understand the mind of the small business owner know why the proposed tax increase in 2011 will do more harm than good to the very people this economy needs most to create jobs.



On FBN’s Bulls & Bears recently Democratic strategist Jehmu Greene, the token liberal steak tossed into the wolf den of laissez faire commentators, uttered words to the effect that if we allow the Bush tax cuts to remain, the “rich” (I guess that’s me?) will not put the money into the economy but rather just squirrel it away “in their banks…It would not go into job creation or creating capital for small business.”


My first thought  was: “In my bank? Really?  How many businesses have you owned?” (To be fair she did co-found some internet venture called Urban Hang Suite which shuttered in 2003).  But then I reminded myself that, like Ms. Greene herself who has been in non-profit and/or government almost her entire career,  very few people in the  Obama administration, from the president on down, have ever started a business.  Thus they cannot understand what drives entrepreneurs to succeed.  They think it is just about take-home pay.


It’s said that small business owners work eighteen hour days for ourselves so we don’t have to work eight hours a day for someone else.  And often our income on a dollar/hour basis is less than the established firms we may have left to go on our own. Certainly this is generally true for those few scary years at the beginning when a myriad of mistakes are made and unanticipated events occur that prompt the principals to pay ourselves only after all other obligations have been met   So why do it?  Why take such risk?



First, the sense of pride of ownership and having built something from nothing is as strong in an entrepreneur as it is in the artists I alluded to earlier.  This is often a foreign concept to those who have spent their lives in secure positions in academia, government, or as line workers and middle managers in huge firms and thus do they discount our passion to create something while passing judgments like Ms. Greene’s.  Do not underestimate the fact that more than just money drives us to take such enormous personal risk.


Secondly, there is of course  that brass ring of selling the firm and walking away with a nice pay-out in hand.  Still, I know of very few successful entrepreneurs who upon a sale leave the world of business.  Rather they look for new ventures.  New challenges.  New job creating entities. Name an artist satisfied at just one piece.


Now, our company’s value is enhanced by increased business.  We have to grow in order to build our firm into a salable entity. And that usually means a larger workforce to generate more revenues.  It’s no coincidence that the targeted 2% of Americans making north of $250k create 28% of the nation’s new jobs.   The reason letting the tax breaks expire is an impediment to that growth is that many small business owners have their business and personal income intertwined. And as such a 5% tax on their personal income is a de facto 5% surcharge on their business.  For someone making $1mm a year, that is a $50k  hit to their business…two entry level employees.  In the end, we are employers, not charity wards.  We take the risks, it is our capital—and homes—at stake and so we will look to other ways to cut before reducing our own deserved compensation.  So in order to make up the shortfall and keep an owner level with 2010 all else being equal, these two employees may get let go.  Certainly an owner will put off hiring until he/she knows if they can afford new hands or not.  The new mantra for small business is “don’t hire one until you need two.”  Not the best recipe for getting the job creators excited about growing the payroll is it?


Before sitting down to write this I looked over my small company’s five-year projections.  Always we try to gage our fixed costs.  When we have some certainty on costs we can plan around them and ‘stress test’ to see how we survive in given revenue scenarios and prepare measures today in anticipation of any issues down the road.  Then we can better tell, for example, how much interest we can afford each month on a loan (assuming we can get one) to bring in more capital and expand the firm—and hire people we need to get us to the next level and that much closer to that holy grail of being bought out while satisfying our desire to build something special along the way.  But right now there is a big blank “N/A” on the spreadheet cells labeled “Federal Income Tax.”  Until I know what to plug in there, it will be hard to move forward.




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Soap <b>News</b>: CBS Renews &#39;Young and the Restless&#39; and More

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Fox <b>News</b> &#39;12 - Wilshire &amp; Washington on Variety.com

I expect this is just the start of an ever-more rocky relationship between the news networks, but it may be a boon to the candidates. If they don't have to spend money to get exposure, doesn't it make more sense for them to wait until ...


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Saturday, November 27, 2010

Making Money Online Scams


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Return to OregonLive later today for more from The Oregonian on the terrorist arrest.

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Portland terrorist bomb plot: <b>News</b>, opinion from The Oregonian and <b>...</b>

Return to OregonLive later today for more from The Oregonian on the terrorist arrest.

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Read our news of New Dragon Age 2 character unveiled.

Minecraft dev explains sales transparency PC <b>News</b> - Page 1 <b>...</b>

Read our PC news of Minecraft dev explains sales transparency.


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Portland terrorist bomb plot: <b>News</b>, opinion from The Oregonian and <b>...</b>

Return to OregonLive later today for more from The Oregonian on the terrorist arrest.

New Dragon Age 2 character unveiled <b>News</b> - Page 1 | Eurogamer.net

Read our news of New Dragon Age 2 character unveiled.

Minecraft dev explains sales transparency PC <b>News</b> - Page 1 <b>...</b>

Read our PC news of Minecraft dev explains sales transparency.


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Portland terrorist bomb plot: <b>News</b>, opinion from The Oregonian and <b>...</b>

Return to OregonLive later today for more from The Oregonian on the terrorist arrest.

New Dragon Age 2 character unveiled <b>News</b> - Page 1 | Eurogamer.net

Read our news of New Dragon Age 2 character unveiled.

Minecraft dev explains sales transparency PC <b>News</b> - Page 1 <b>...</b>

Read our PC news of Minecraft dev explains sales transparency.


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Friday, November 19, 2010

Making Money Online Easy

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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

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The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

Fox <b>News</b> Commentators Caught On Camera Mocking Sarah Palin&#39;s Show <b>...</b>

WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.

The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.


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Do you find Wall-E and Eve so adorable you just want to eat them? Now you can thanks to Charm City Cakes. - Warner Bros.


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More on Fox <b>News</b>, David Henderson | EconLog | Library of Economics <b>...</b>

I had had hopes for the Fox News Channel as an advocate of smaller government, hopes somewhat justified by evidence. But their treatment of Ron Paul has been off the charts. Chris Wallace has been absolutely vicious - at one point, ...

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.

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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

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WASHINGTON -- The Fox News channel has been something of a safe haven for Sarah Palin, the type of outlet that provided the former Alaska Governor not only with a friendly audience but similarly kind questions.


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Thursday, November 18, 2010

Making Money Guide

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Small Business <b>News</b>: Direct Marketing Diorama

Not too long ago, we received a comment from a reader of our Small Business Trends small business news roundups on a post called Marketing Mashup. Though we.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: November 18, 2010 <b>...</b>

IN 'GREEN NEWS EXTRA' (see links below): Tea Party: Smart development is really a global conspiracy; EPA: Major US cities violate lead standards; UN, World Bank say act now on climate change or pay much more later; Illinois Spending $2M ...

MS/Sony to join forces within 10 years? <b>News</b> - Page 1 | Eurogamer.net

Read our news of MS/Sony to join forces within 10 years?.


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OLD Cranberry 15.5&quot; Apothecary Candy Pharmacy Jar yqz Sold on eBay by Million Dollar Power Seller Norb Novocin User Name estateauctionsinc by gettingsoldonebay


eric seiger

Small Business <b>News</b>: Direct Marketing Diorama

Not too long ago, we received a comment from a reader of our Small Business Trends small business news roundups on a post called Marketing Mashup. Though we.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: November 18, 2010 <b>...</b>

IN 'GREEN NEWS EXTRA' (see links below): Tea Party: Smart development is really a global conspiracy; EPA: Major US cities violate lead standards; UN, World Bank say act now on climate change or pay much more later; Illinois Spending $2M ...

MS/Sony to join forces within 10 years? <b>News</b> - Page 1 | Eurogamer.net

Read our news of MS/Sony to join forces within 10 years?.


eric seiger

Small Business <b>News</b>: Direct Marketing Diorama

Not too long ago, we received a comment from a reader of our Small Business Trends small business news roundups on a post called Marketing Mashup. Though we.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: November 18, 2010 <b>...</b>

IN 'GREEN NEWS EXTRA' (see links below): Tea Party: Smart development is really a global conspiracy; EPA: Major US cities violate lead standards; UN, World Bank say act now on climate change or pay much more later; Illinois Spending $2M ...

MS/Sony to join forces within 10 years? <b>News</b> - Page 1 | Eurogamer.net

Read our news of MS/Sony to join forces within 10 years?.


eric seiger

Small Business <b>News</b>: Direct Marketing Diorama

Not too long ago, we received a comment from a reader of our Small Business Trends small business news roundups on a post called Marketing Mashup. Though we.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: November 18, 2010 <b>...</b>

IN 'GREEN NEWS EXTRA' (see links below): Tea Party: Smart development is really a global conspiracy; EPA: Major US cities violate lead standards; UN, World Bank say act now on climate change or pay much more later; Illinois Spending $2M ...

MS/Sony to join forces within 10 years? <b>News</b> - Page 1 | Eurogamer.net

Read our news of MS/Sony to join forces within 10 years?.


eric seiger
eric seiger

OLD Cranberry 15.5&quot; Apothecary Candy Pharmacy Jar yqz Sold on eBay by Million Dollar Power Seller Norb Novocin User Name estateauctionsinc by gettingsoldonebay


eric seiger
eric seiger

Small Business <b>News</b>: Direct Marketing Diorama

Not too long ago, we received a comment from a reader of our Small Business Trends small business news roundups on a post called Marketing Mashup. Though we.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: November 18, 2010 <b>...</b>

IN 'GREEN NEWS EXTRA' (see links below): Tea Party: Smart development is really a global conspiracy; EPA: Major US cities violate lead standards; UN, World Bank say act now on climate change or pay much more later; Illinois Spending $2M ...

MS/Sony to join forces within 10 years? <b>News</b> - Page 1 | Eurogamer.net

Read our news of MS/Sony to join forces within 10 years?.


Wednesday, November 17, 2010

managing your personal finances

In the digital age, nobody likes carrying a lot of cash around – I know I don’t, anyway. This can be especially frustrating when you go to keep track of your expenses, who you owe money to, who you lent some to and just where it all goes over the month.

As always, there are a lot of apps out there to help you do various things with your money. There are apps to figure out how to manage your money, oversee expenses, send money to people, keep track of who owes you, and more.

In this article, I’ll show you some of the applications you can take advantage of to do everything I’ve mentioned here, leaving you free to pick and choose the apps that will make your life easier.

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How to Manage Your Money

I’m beginning to learn just how difficult managing your expenses can be. For the most part, I use my debit card tied to my checking account to make purchases. I use it at the grocery store, when I go out to lunch with my coworkers and on the weekend when I’m out exploring the city.

At the end of the month, my bank statement looks pretty ridiculous. All of these small transactions make it difficult to sift through. I still know what everything is, but if I wanted to see where I could be saving some money I wouldn’t know the first place to look.

Sounds like you? Even if it doesn’t, you could still reap the benefits of visually being able to manage your money. These apps make the process a lot easier.

Mint

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Mint has been on our radar since back in 2007 when Karl wrote about it. Plain and simple, if there is one app I want you to keep in mind it’s this one.

Mint is a free personal finance application that can help you compare your bank accounts, credit cards, CDs, brokerage and 401(k) to the best products out there. It offers a visual representation of your finances and is very easy to set up. Use it to manage your budget, get credit card advice and understand investing.

Here’s a great video showcasing an overview of Mint’s features:

For some helpful tips on how to use Mint, check out Bakari’s article on How To Use Mint To Manage Your Budget & Spendings Online.

Thrive

Thrive (directory app) is also a great application if you’re looking for a simple way to keep track of your spending. With Thrive, you get an overall Financial Health score, which is one number that shows you how financially fit you are. It also shows you scores in other areas and offers you advice on how to make improvements.

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Thrive breaks down your spending for you and shows you where you can save. Compare your current budget to last month’s, as well as view a six month average and target budgets to follow.

Texthog

Looking for an even simpler way to track expenses? Texthog (directory app) lets you easily store, organize and access your receipts, expense reports and more via text message, the web, your email, iPhone and even Twitter.

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A Texthog free account gives one user the ability to track expenses, view unlimited reports and get budget/bill reminders. Take a photo of your receipts and utilize tags and categories to keep track of everything.

To check out Texthog on your iPhone, you can find the application on iTunes.

Venmo

Speaking of text messages, have you heard of Venmo? Venmo (directory app) is a nice little app that lets you pay and charge friends with your phone. Send and receive secure payments by linking your card to your account. This allows you to settle small loans you give/get by eliminating paper transactions for small amounts of money.

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To use Venmo, all you do is create an account. You can then send and receive money to other accounts simply by using text commands in SMS. Accept a “trust” request from your friends and make transactions without having to authorize them by texting a 3 digit code.

This is a pretty solid application that I have been using a lot lately with my friends/coworkers. It’s great for when a bunch of you are out to lunch and not everyone has cash on them. “I’ll just put it on my card and Venmo you all afterwards.”

Owe Me Cash

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Owe Me Cash is a nice app I found recently that is also very easy to use. If someone owes you money, you just sign into Owe Me Cash with your Twitter, Facebook, OpenID, or regular account and tell the app about the debt. The app will send automatic reminders to those that owe you money by phone, text and email, so you can get paid!

This app is more fun than serious, but it doubles as an easy way to keep track of who owes you what. Let the app bug your friends to pay you so you don’t have to do it yourself – it’s a win-win.

Conclusion

With these applications, your finances will never look better. Say goodbye to paper money and change.

What do you think of these money-managing applications? Will you be using any of them?

Image Credit: marema


A survey released today by Javelin Strategy & Research, which serves financial institutions, found in August that nearly one in five Americans doesn't monitor or manage their personal finances. That rate is double what it was just a year ago. Despite the fact the recession has made it more important than ever to carefully track our money, when it comes to personal finances, 19% of Americans stuck their head in the sand. A year before, another survey had the figure at just 8%.



More anxiety-induced news: The percentage of Americans who say they sometimes log onto their checking account balances with their banks' websites dropped to 46%, down 13 points from 59% a year ago. Even those who track their money by pen and paper dropped, from 50% to 46%.




"It's a natural human reaction to stress: 'Maybe if I don't look at it, it will go away.'" explains the study's co-author, senior analyst Mark Schwanhausser. "I think you have fewer people checking their finances online because they don't like what they're seeing. 'I'm going to be a financial sleepwalker. I'm not going to look.'"



Schwanhausser's prescription for the problem involves convincing America's major financial institutions that they're doing a lousy job helping make it easier and less stressful for their customers to track their money. "It's not enough to tell you how to fix the toilet," he says. "You've got to have the wrench."



Yet despite the fact that most Americans' money resides at a bank, few banks are interested in furnishing financial planning tools. Right now, Schwanhausser argues, most people are required to log into a wide variety of websites to track their money. For example, 75% of Americans who have a credit card get it from somewhere other than their primary bank, meaning their finances are scattered across many websites, unreconciled.



When people do turn to their bank's websites, he argues, the financial planning tools are nearly non-existent despite the fact our society increasingly demands greater personal control through technology. "Today's online banking is like having avocado green appliances from the 1970s. It just doesn't cut it," says Schwanhausser.



Schwanhausser is using the survey to convince banks that it will actually endear customers to them if they put personal finance tools front and center on their sites, helping customers paint a clear picture of their own financial habits. He's pressing them to develop systems, both on the Web and through mobile apps, that can draw in customers' information from other sites, such as credit cards and mortgage lenders, so financial care-taking can be a one-stop process.



So far, banks and lenders have been slow to use existing technology to make money management a less daunting chore. Part of the issue is that many banks don't want to acknowledge competitors by drawing in account balances from elsewhere. Banks also stand to make money off poor financial planning through penalties and fees. Like a doctor who makes money off treating disease, promoting financial good health does not on the surface appear to be in a bank's best interest.



"You can't manage what you don't measure," says Schwanhausser. "And if the bank's not going to provide it for you, you have to go get it in other places."



He recommends existing aggregators such as Mint.com, which pulls your data from multiple sources and lays it out in spreadsheets and in spending plans, as a model for what all the banks should be doing for their customers.



He also notes that Bank of America's "My Portfolio" and Wells Fargo's "My Savings Plan" are two fledgling, if little-known, bank-created features that are slowly reaching toward the sort of comprehensive personal finance planning features he advocates.



As long as it remains difficult or scary, though, when it comes to their finances, Americans will remain more likely to use the Ostrich Method.
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The Inevitable Taiwanese <b>News</b> Animation about the TSA&#39;s Touching <b>...</b>

Does anyone know if this animation, or any of these CGI clips from NMA.tv, actually appeared on TV news in Taiwan? Because their website seems more like it's mostly an online thing - I would love to see video of this actually being ...

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Corrected Nov. 17: The Catholic bishops' surprise election yesterday of New York's Archbishop Timothy M. Dolan as their president is more bad news for Obama in 2012.



IG20 Summit, London, G20 London, G20 Protests, G20 Demonstrations by G20London2009


The Inevitable Taiwanese <b>News</b> Animation about the TSA&#39;s Touching <b>...</b>

Does anyone know if this animation, or any of these CGI clips from NMA.tv, actually appeared on TV news in Taiwan? Because their website seems more like it's mostly an online thing - I would love to see video of this actually being ...

Video: Is Cable <b>News</b> Actually <b>News</b>? - NYTimes.com

Video: Pondering the value and integrity of cable news.

More Bad <b>News</b> for Obama 2012: Catholics Elect Dolan - Swampland <b>...</b>

Corrected Nov. 17: The Catholic bishops' surprise election yesterday of New York's Archbishop Timothy M. Dolan as their president is more bad news for Obama in 2012.


alpine payment systems scam

The Inevitable Taiwanese <b>News</b> Animation about the TSA&#39;s Touching <b>...</b>

Does anyone know if this animation, or any of these CGI clips from NMA.tv, actually appeared on TV news in Taiwan? Because their website seems more like it's mostly an online thing - I would love to see video of this actually being ...

Video: Is Cable <b>News</b> Actually <b>News</b>? - NYTimes.com

Video: Pondering the value and integrity of cable news.

More Bad <b>News</b> for Obama 2012: Catholics Elect Dolan - Swampland <b>...</b>

Corrected Nov. 17: The Catholic bishops' surprise election yesterday of New York's Archbishop Timothy M. Dolan as their president is more bad news for Obama in 2012.


personal financeonline personal finance


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Read our news of NPD: Big debuts for Fallout, NBA 2K11.

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Your Daily Cup of Orange and Blue Coffee .. Horse Tracks.


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He says her longevity on the show is one of his "proudest moments"

NPD: Big debuts for Fallout, NBA 2K11 <b>News</b> - Page 1 | Eurogamer.net

Read our news of NPD: Big debuts for Fallout, NBA 2K11.

Denver Broncos <b>News</b>: Horse Tracks - 11/17/10 - Mile High Report

Your Daily Cup of Orange and Blue Coffee .. Horse Tracks.


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<b>News</b> - Mark Ballas: Why Bristol Palin Is Still on DWTS - Celebrity <b>...</b>

He says her longevity on the show is one of his "proudest moments"

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Read our news of NPD: Big debuts for Fallout, NBA 2K11.

Denver Broncos <b>News</b>: Horse Tracks - 11/17/10 - Mile High Report

Your Daily Cup of Orange and Blue Coffee .. Horse Tracks.


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<b>News</b> - Mark Ballas: Why Bristol Palin Is Still on DWTS - Celebrity <b>...</b>

He says her longevity on the show is one of his "proudest moments"

NPD: Big debuts for Fallout, NBA 2K11 <b>News</b> - Page 1 | Eurogamer.net

Read our news of NPD: Big debuts for Fallout, NBA 2K11.

Denver Broncos <b>News</b>: Horse Tracks - 11/17/10 - Mile High Report

Your Daily Cup of Orange and Blue Coffee .. Horse Tracks.


bench craft company scam

<b>News</b> - Mark Ballas: Why Bristol Palin Is Still on DWTS - Celebrity <b>...</b>

He says her longevity on the show is one of his "proudest moments"

NPD: Big debuts for Fallout, NBA 2K11 <b>News</b> - Page 1 | Eurogamer.net

Read our news of NPD: Big debuts for Fallout, NBA 2K11.

Denver Broncos <b>News</b>: Horse Tracks - 11/17/10 - Mile High Report

Your Daily Cup of Orange and Blue Coffee .. Horse Tracks.


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Tuesday, November 16, 2010

Making Money on Line


After the success the Arabnet event held earlier this year, the organizers have come back with a new ‘hands on’ approach to getting businesses launched in the region. They’re going on through Arab cities on a roadshow for entrepreneurs.


Not unlike your traditional roadshow, they plan on putting on some interesting performances for all those interested in attending. It appears what happens in Beirut doesn’t simply stay in Beirut after all.


A blog post they put up recently states that they’ll be on the road for 3 weeks during December on for a hunt for the region’s most promising talent in Syria, Jordan, Saudi Arabia, Qatar, the UAE, and Egypt.


It’s founder Omar Christidis said after the success they had with their Beirut Workshop on Entrepreneurship which attracted an audience from Lebanon, Jordan, and Syria attracting over 170 people.


We had a sit down with Christidis during the Celebration of Entrepreneurship last week to ask him about the roadshow. Here’s what he had to say:


TNW: Why are a roadshow?

Our moto is Find, Train, and Inspire (like that of Wamda‘s).



  • Find: talented entrepreneurs wherever they might be

  • Train: We want to train them by giving them a practical perspective on entrepreneurship through real stories and successes

  • Inspire: By bringing role models in so people can see success stories first hand


So we’re talking about a lawyer giving some advice on corporation, an investor giving them advice on fund raising, an experienced entrepreneur who can talk to them about growing a business growing a product line and hiring employees, business consult structuring their ideas, and a business leader who can tell them what direction to put their startups in.


TNW: What’s in it for Arabnet?

We’re not going to be making much money off of this, we’re doing it to make to Arabnet better.


We found a lot of Entrepreneurs this year [during the event], but we can’t expect them all to come to us, so we’re going to go to them. We’re looking for local sponsors in each city to help get entrepreneurs to the event. It costs a lot to get to the event depending on where your from.


We want to find local partners in each city to help fly entrepreneurs in. If we can do that, we can help even more people launch.


We think it’s great to help entrepreneurs launch in the region, although a bit skeptical on how much they can accomplish going on a roadshow with all the resources that implies instead of say, launch the same workshop online.


Time will tell just how successful it’ll be by both the size of next year’s Arabnet and how many companies actually launch as a result of it. Either way, we’re excited to see energy levels reach a higher level next year. 2011 looks like its going to be the year of Entrepreneurs in the Middle East.







As you all know, that mashed-up bag of gas with pancake make-up on it Keith Olbermann has been “suspended indefinitely” by MSNBC for making and failing to disclose political contributions to three Democrats — including open-borders Democrat Rep. Raul Grijalva, whom he hosted on the same day he forked over a donation.


Unlike Fox News (pay attention, Media Matters Soros-bots), NBC ethics guidelines (yes, they do have them) bar their employees from making political contributions. (FNC’s real-world, pro-free speech rules allow donations as long “as long as the activity does not interfere with or impair the performance of the employee’s duties for the Company.”)


Politico got the scoop on Olbermann’s donations to Grijalva, AZ Democrat Rep. Gabrielle Giffords, and failed Kentucky Democrat Senate candidate Jack Conway by sifting through FEC records.


Bill Kristol is rallying conservatives to support Olbermann.


MSNBC’s suspension of Keith Olbermann is ludicrous. First, he donated money to candidates he liked. He didn’t take money, or favors, in a way that influenced his reporting. Second, he’s not a reporter. It’s an opinion show. If Olbermann wants to put his money where his mouth is, more power to him.Republicans of the world, show you believe in the free expression of opinion! Tell the crony corporatists at NBC—keep Keith!


Pardon my MSNBC-like incivility, but are you freaking kidding me? Hoping Kristol’s tongue is firmly planted in cheek, but plenty of people are taking him seriously.


Olbermann railed against FNC in August for its corporate donations while whitewashing NBC/GE’s:


On the August 17 edition of ‘Countdown,’ host Keith Olbermann used the donations to do the only thing he’s capable of doing: criticizing Fox News.


“We now have another million reasons why Fox News is the Republican news channel, correct?” Olbermann asked Media Matters president Eric Burns.


Olbermann said that GE, MSNBC’s parent company, donated an equal amount of money to both the DGA and RGA. He didn’t mention, however, that according to OpenSecrets.org, in 2008, 100 percent of MSNBC Cable’s donations went to Democrats and 99 percent of NBC’s donations went to Democrats.


Additionally, so far in 2010, 100 percent of ABC News’s donations have gone to Democrats and CBS Corporation’s PAC has contributed $51,000 to Democrats in 2010.


The Media Research Center previously noted News Corp.’s donations favored Democrats and that other outlets critical of the donation, such as Viacom’s Comedy Central, have all given substantial money to Democrats, yet there is no outrage over their political contributions.


Olbermann’s sanctimony and hypocrisy only compound his core failure to disclose the donations before Election Day — especially during the show in which he hosted one of the beneficiaries of that cash.


Here is the full transcript of the Olbermann/Grijalva interview on Oct. 28, the day Olbermann donated the maximum to Grijalva’s re-election bid:


Title: MSNBC “Countdown with Keith Olbermann” – Transcript

Date: 10/28/2010

Interview

BREAK IN TRANSCRIPT


REP. RAUL GRIJALVA (D), ARIZONA: Good to talk to you, my friend.


OLBERMANN: Is there anything you can tell us about the relationship between these private prisons and the lawmakers who supported this monstrosity of a bill?


GRIJELVA: It is a wonderful I told you so moment. But, at the same time, we”ve been battered for the six months for our opposition to 1070, not just myself but others. And we don”t know how much they”ve contributed to these independent expenditure campaigns, the private prison industry.


But you used the word citizens. It”s disgusting, cynical and disgusting that they were bragging about there”s going to be more women and children detained, so therefore this is a market for us.


And the fact of the matter is Russell Pearce and Jan Brewer made a decision to put this law in effect. It had had nothing to do with border security. It had nothing to do with the security of the state. It had to do with the profit line.


And, you know, I”m glad that NPR did this. I”m glad “In These Times” did that. Finally, it”s catching some attention. But it comes at the end of a campaign when many of us have been battered for six months because of our opposition to 1070.


It is–you used the word cynical. It is past cynical. It is using

a very tough situation in the state of Arizona when it comes to immigration


using it to make a profit and using people, when we should be talking about how you we”re going to reform this law. It”s unbelievable.


OLBERMANN: It”s almost extraordinary to believe that once we got past the original phony reason for it, which was security at the border, when obviously it didn”t pertain to that whatsoever, that the real reason behind that was well, this is to intimidate people of Hispanic descent. Well, it turns out there”s an even more base, cynical reason behind it.


Am I wrong about this? When they talk about making money, it”s not–they”re not talking about people who are going to be in jail because they”ve been convicted of anything. This would be making money off people who are held and then found to have violated no laws, correct? They make money whether something”s guilty or innocent, correct?


GRIJALVA: It”s filling beds and spaces, period. It”s about detention. It”s about building private prisons, filling them, taking a profit from the federal government, and with that profit continuing to expand the bottom line. The advisers for Jan Brewer are part of this. The people that wrote the law for Russell Pearce of part of this. They”re all going to make millions of dollars off of this.


What expense? The division in Arizona, the division across this country. They get to go blithely walk away with their money, leaving behind the kind of social mess they”ve left all over this country. It is for me one of the most corrupt political acts. Because you use people. You use the emotions involved and you make a profit.


OLBERMANN: I can”t insure your house for fire, because legally that would give me a motivation for wanting to see your house catch fire. I mean, the idea of private prisons–suddenly, we see the flaw in that idea, too, that if they”re private prisons run for profit, there”s going to be a motive to put people in prison who don”t belong there.


GRIJALVA: That and the private prison industry here in Arizona has a wonderful test case. Murderers escaped from a private public. They haven”t escaped from a public prison. That”s Jan Brewer”s agenda. That is the extreme right”s agenda here.


I think–I hope people–I think people in Arizona are now seeing through the cloud and realizing that this is not just about immigration. This is not just about border security. There”s an insidious reason we”re involved in this really tough, tough issue. That is that somebody is making money off of it.


OLBERMANN: Lastly, any idea why the governor is going to San Francisco?


GRIJALVA: Well, she hasn”t debated. She wants to avoid the questions that are pressing about her relationship to this private prison industry and why they wrote the law. The people on her staff that are running her campaign and her chief of staff, I”m assuming that she wants to avoid those questions.


OLBERMANN: Congressman Raul Grijalva of Arizona, it”s always a pleasure and an education. I”m sorry it”s always about something like this. Thanks for your time.


GRIJALVA: Thank you.


Olby’s defenders say it’s wrong to punish opinion journalists for supporting candidates and causes.


But:


1) MSNBC has always promoted and allowed Olbermann to preen as an award-winning journalist and broadcaster of Edward R. Murrow’s caliber — above the fray and superior to the rest of us in the print/broadcast media who are open and honest about our political and ideological biases.


2) Whatever NBC’s guidelines may be, it was the basic journalistic failure of the Murrow wanna-be to disclose the donation on the night he hosted one of his cash recipients that seals his fate and undermines whatever iota of credibility his station has left.


Good night and good riddance.


***


Flashback 2007:


HOW many times over the years have we seen mainstream media elites get on their high horse about their unbending commitment to objectivity?


Wear ribbons after the 9/11 attacks? Heavens, no, the news poobahs swooned. Stacey Woelfel, news director at KOMU-TV in Columbia, Mo., directed his staff to “leave the ribbons at home” to show viewers “that in no way are we influenced by the government in informing the public.”


Display the flag during wartime? Heavens, no, cried the dinosaur networks. ABC News spokesman Jeffrey Schneider told The Washington Post: “Especially in a time of national crisis, the most patriotic thing journalists can do is to remain as objective as possible . . . We cannot signal how we feel about a cause, even a justified and just cause, through some sort of outward symbol.”


And dole out political cash while on the job? Heavens, n-oh, wait a minute. That unbending commitment to neutrality is really nothing but a Wetzel’s pretzel.


Despite all the past protestations about the need to avoid outward signs of partiality, we now learn that journalists in America’s top newsrooms overwhelmingly donate to Democrat causes and candidates (shocker!) – and that they’ve been giving despite clear prohibitions and conflicts of interest.


MSNBC.com’s Bill Dedman found 144 journalists who’d made political donations to candidates, parties and causes from 2004 through the start of the 2008 campaign. Nine out of 10 – 125 in total – gave to Democrats and liberal groups; only 17 gave to Republicans, while two gave to both parties. The donors include war correspondents who gave while embedded or on the war beat, The New York Times’ ethics columnist and several news anchors who crusaded and signed petitions against the war.


Adding insult to self-injury, every single one of these donors – who work in an industry that crusades for openness, disclosure, and transparency – failed to inform their viewers, readers and bosses of their political activities.


So much for “Sunlight is the best disinfectant.”


***


Flashback: Rejoice: Voters eject MSNBC host-to-be Alan Grayson in Fla.


Flashback: The old “coconut” smear: Another MSNBC white liberal bigmouth with race issues


Flashback: MSNBC’s Larry “O’Scary” O’Donnell melts down again


Flashback: White liberal MSNBC TV host can’t stop talking about president’s skin color


Flashback: MSNBC Clown who called me “big mashed up bag of meat with lipstick” says Scott Brown hates women


Flashback: The indelible whiteness of MSNBC


Related: MSNBC’s on-air political fundraising.



***


Ok, poll time:




eric seiger

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eric seiger

After the success the Arabnet event held earlier this year, the organizers have come back with a new ‘hands on’ approach to getting businesses launched in the region. They’re going on through Arab cities on a roadshow for entrepreneurs.


Not unlike your traditional roadshow, they plan on putting on some interesting performances for all those interested in attending. It appears what happens in Beirut doesn’t simply stay in Beirut after all.


A blog post they put up recently states that they’ll be on the road for 3 weeks during December on for a hunt for the region’s most promising talent in Syria, Jordan, Saudi Arabia, Qatar, the UAE, and Egypt.


It’s founder Omar Christidis said after the success they had with their Beirut Workshop on Entrepreneurship which attracted an audience from Lebanon, Jordan, and Syria attracting over 170 people.


We had a sit down with Christidis during the Celebration of Entrepreneurship last week to ask him about the roadshow. Here’s what he had to say:


TNW: Why are a roadshow?

Our moto is Find, Train, and Inspire (like that of Wamda‘s).



  • Find: talented entrepreneurs wherever they might be

  • Train: We want to train them by giving them a practical perspective on entrepreneurship through real stories and successes

  • Inspire: By bringing role models in so people can see success stories first hand


So we’re talking about a lawyer giving some advice on corporation, an investor giving them advice on fund raising, an experienced entrepreneur who can talk to them about growing a business growing a product line and hiring employees, business consult structuring their ideas, and a business leader who can tell them what direction to put their startups in.


TNW: What’s in it for Arabnet?

We’re not going to be making much money off of this, we’re doing it to make to Arabnet better.


We found a lot of Entrepreneurs this year [during the event], but we can’t expect them all to come to us, so we’re going to go to them. We’re looking for local sponsors in each city to help get entrepreneurs to the event. It costs a lot to get to the event depending on where your from.


We want to find local partners in each city to help fly entrepreneurs in. If we can do that, we can help even more people launch.


We think it’s great to help entrepreneurs launch in the region, although a bit skeptical on how much they can accomplish going on a roadshow with all the resources that implies instead of say, launch the same workshop online.


Time will tell just how successful it’ll be by both the size of next year’s Arabnet and how many companies actually launch as a result of it. Either way, we’re excited to see energy levels reach a higher level next year. 2011 looks like its going to be the year of Entrepreneurs in the Middle East.







As you all know, that mashed-up bag of gas with pancake make-up on it Keith Olbermann has been “suspended indefinitely” by MSNBC for making and failing to disclose political contributions to three Democrats — including open-borders Democrat Rep. Raul Grijalva, whom he hosted on the same day he forked over a donation.


Unlike Fox News (pay attention, Media Matters Soros-bots), NBC ethics guidelines (yes, they do have them) bar their employees from making political contributions. (FNC’s real-world, pro-free speech rules allow donations as long “as long as the activity does not interfere with or impair the performance of the employee’s duties for the Company.”)


Politico got the scoop on Olbermann’s donations to Grijalva, AZ Democrat Rep. Gabrielle Giffords, and failed Kentucky Democrat Senate candidate Jack Conway by sifting through FEC records.


Bill Kristol is rallying conservatives to support Olbermann.


MSNBC’s suspension of Keith Olbermann is ludicrous. First, he donated money to candidates he liked. He didn’t take money, or favors, in a way that influenced his reporting. Second, he’s not a reporter. It’s an opinion show. If Olbermann wants to put his money where his mouth is, more power to him.Republicans of the world, show you believe in the free expression of opinion! Tell the crony corporatists at NBC—keep Keith!


Pardon my MSNBC-like incivility, but are you freaking kidding me? Hoping Kristol’s tongue is firmly planted in cheek, but plenty of people are taking him seriously.


Olbermann railed against FNC in August for its corporate donations while whitewashing NBC/GE’s:


On the August 17 edition of ‘Countdown,’ host Keith Olbermann used the donations to do the only thing he’s capable of doing: criticizing Fox News.


“We now have another million reasons why Fox News is the Republican news channel, correct?” Olbermann asked Media Matters president Eric Burns.


Olbermann said that GE, MSNBC’s parent company, donated an equal amount of money to both the DGA and RGA. He didn’t mention, however, that according to OpenSecrets.org, in 2008, 100 percent of MSNBC Cable’s donations went to Democrats and 99 percent of NBC’s donations went to Democrats.


Additionally, so far in 2010, 100 percent of ABC News’s donations have gone to Democrats and CBS Corporation’s PAC has contributed $51,000 to Democrats in 2010.


The Media Research Center previously noted News Corp.’s donations favored Democrats and that other outlets critical of the donation, such as Viacom’s Comedy Central, have all given substantial money to Democrats, yet there is no outrage over their political contributions.


Olbermann’s sanctimony and hypocrisy only compound his core failure to disclose the donations before Election Day — especially during the show in which he hosted one of the beneficiaries of that cash.


Here is the full transcript of the Olbermann/Grijalva interview on Oct. 28, the day Olbermann donated the maximum to Grijalva’s re-election bid:


Title: MSNBC “Countdown with Keith Olbermann” – Transcript

Date: 10/28/2010

Interview

BREAK IN TRANSCRIPT


REP. RAUL GRIJALVA (D), ARIZONA: Good to talk to you, my friend.


OLBERMANN: Is there anything you can tell us about the relationship between these private prisons and the lawmakers who supported this monstrosity of a bill?


GRIJELVA: It is a wonderful I told you so moment. But, at the same time, we”ve been battered for the six months for our opposition to 1070, not just myself but others. And we don”t know how much they”ve contributed to these independent expenditure campaigns, the private prison industry.


But you used the word citizens. It”s disgusting, cynical and disgusting that they were bragging about there”s going to be more women and children detained, so therefore this is a market for us.


And the fact of the matter is Russell Pearce and Jan Brewer made a decision to put this law in effect. It had had nothing to do with border security. It had nothing to do with the security of the state. It had to do with the profit line.


And, you know, I”m glad that NPR did this. I”m glad “In These Times” did that. Finally, it”s catching some attention. But it comes at the end of a campaign when many of us have been battered for six months because of our opposition to 1070.


It is–you used the word cynical. It is past cynical. It is using

a very tough situation in the state of Arizona when it comes to immigration


using it to make a profit and using people, when we should be talking about how you we”re going to reform this law. It”s unbelievable.


OLBERMANN: It”s almost extraordinary to believe that once we got past the original phony reason for it, which was security at the border, when obviously it didn”t pertain to that whatsoever, that the real reason behind that was well, this is to intimidate people of Hispanic descent. Well, it turns out there”s an even more base, cynical reason behind it.


Am I wrong about this? When they talk about making money, it”s not–they”re not talking about people who are going to be in jail because they”ve been convicted of anything. This would be making money off people who are held and then found to have violated no laws, correct? They make money whether something”s guilty or innocent, correct?


GRIJALVA: It”s filling beds and spaces, period. It”s about detention. It”s about building private prisons, filling them, taking a profit from the federal government, and with that profit continuing to expand the bottom line. The advisers for Jan Brewer are part of this. The people that wrote the law for Russell Pearce of part of this. They”re all going to make millions of dollars off of this.


What expense? The division in Arizona, the division across this country. They get to go blithely walk away with their money, leaving behind the kind of social mess they”ve left all over this country. It is for me one of the most corrupt political acts. Because you use people. You use the emotions involved and you make a profit.


OLBERMANN: I can”t insure your house for fire, because legally that would give me a motivation for wanting to see your house catch fire. I mean, the idea of private prisons–suddenly, we see the flaw in that idea, too, that if they”re private prisons run for profit, there”s going to be a motive to put people in prison who don”t belong there.


GRIJALVA: That and the private prison industry here in Arizona has a wonderful test case. Murderers escaped from a private public. They haven”t escaped from a public prison. That”s Jan Brewer”s agenda. That is the extreme right”s agenda here.


I think–I hope people–I think people in Arizona are now seeing through the cloud and realizing that this is not just about immigration. This is not just about border security. There”s an insidious reason we”re involved in this really tough, tough issue. That is that somebody is making money off of it.


OLBERMANN: Lastly, any idea why the governor is going to San Francisco?


GRIJALVA: Well, she hasn”t debated. She wants to avoid the questions that are pressing about her relationship to this private prison industry and why they wrote the law. The people on her staff that are running her campaign and her chief of staff, I”m assuming that she wants to avoid those questions.


OLBERMANN: Congressman Raul Grijalva of Arizona, it”s always a pleasure and an education. I”m sorry it”s always about something like this. Thanks for your time.


GRIJALVA: Thank you.


Olby’s defenders say it’s wrong to punish opinion journalists for supporting candidates and causes.


But:


1) MSNBC has always promoted and allowed Olbermann to preen as an award-winning journalist and broadcaster of Edward R. Murrow’s caliber — above the fray and superior to the rest of us in the print/broadcast media who are open and honest about our political and ideological biases.


2) Whatever NBC’s guidelines may be, it was the basic journalistic failure of the Murrow wanna-be to disclose the donation on the night he hosted one of his cash recipients that seals his fate and undermines whatever iota of credibility his station has left.


Good night and good riddance.


***


Flashback 2007:


HOW many times over the years have we seen mainstream media elites get on their high horse about their unbending commitment to objectivity?


Wear ribbons after the 9/11 attacks? Heavens, no, the news poobahs swooned. Stacey Woelfel, news director at KOMU-TV in Columbia, Mo., directed his staff to “leave the ribbons at home” to show viewers “that in no way are we influenced by the government in informing the public.”


Display the flag during wartime? Heavens, no, cried the dinosaur networks. ABC News spokesman Jeffrey Schneider told The Washington Post: “Especially in a time of national crisis, the most patriotic thing journalists can do is to remain as objective as possible . . . We cannot signal how we feel about a cause, even a justified and just cause, through some sort of outward symbol.”


And dole out political cash while on the job? Heavens, n-oh, wait a minute. That unbending commitment to neutrality is really nothing but a Wetzel’s pretzel.


Despite all the past protestations about the need to avoid outward signs of partiality, we now learn that journalists in America’s top newsrooms overwhelmingly donate to Democrat causes and candidates (shocker!) – and that they’ve been giving despite clear prohibitions and conflicts of interest.


MSNBC.com’s Bill Dedman found 144 journalists who’d made political donations to candidates, parties and causes from 2004 through the start of the 2008 campaign. Nine out of 10 – 125 in total – gave to Democrats and liberal groups; only 17 gave to Republicans, while two gave to both parties. The donors include war correspondents who gave while embedded or on the war beat, The New York Times’ ethics columnist and several news anchors who crusaded and signed petitions against the war.


Adding insult to self-injury, every single one of these donors – who work in an industry that crusades for openness, disclosure, and transparency – failed to inform their viewers, readers and bosses of their political activities.


So much for “Sunlight is the best disinfectant.”


***


Flashback: Rejoice: Voters eject MSNBC host-to-be Alan Grayson in Fla.


Flashback: The old “coconut” smear: Another MSNBC white liberal bigmouth with race issues


Flashback: MSNBC’s Larry “O’Scary” O’Donnell melts down again


Flashback: White liberal MSNBC TV host can’t stop talking about president’s skin color


Flashback: MSNBC Clown who called me “big mashed up bag of meat with lipstick” says Scott Brown hates women


Flashback: The indelible whiteness of MSNBC


Related: MSNBC’s on-air political fundraising.



***


Ok, poll time:




eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

eric seiger

Imelda Romualdez Marcos by ramonlopez


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

After the success the Arabnet event held earlier this year, the organizers have come back with a new ‘hands on’ approach to getting businesses launched in the region. They’re going on through Arab cities on a roadshow for entrepreneurs.


Not unlike your traditional roadshow, they plan on putting on some interesting performances for all those interested in attending. It appears what happens in Beirut doesn’t simply stay in Beirut after all.


A blog post they put up recently states that they’ll be on the road for 3 weeks during December on for a hunt for the region’s most promising talent in Syria, Jordan, Saudi Arabia, Qatar, the UAE, and Egypt.


It’s founder Omar Christidis said after the success they had with their Beirut Workshop on Entrepreneurship which attracted an audience from Lebanon, Jordan, and Syria attracting over 170 people.


We had a sit down with Christidis during the Celebration of Entrepreneurship last week to ask him about the roadshow. Here’s what he had to say:


TNW: Why are a roadshow?

Our moto is Find, Train, and Inspire (like that of Wamda‘s).



  • Find: talented entrepreneurs wherever they might be

  • Train: We want to train them by giving them a practical perspective on entrepreneurship through real stories and successes

  • Inspire: By bringing role models in so people can see success stories first hand


So we’re talking about a lawyer giving some advice on corporation, an investor giving them advice on fund raising, an experienced entrepreneur who can talk to them about growing a business growing a product line and hiring employees, business consult structuring their ideas, and a business leader who can tell them what direction to put their startups in.


TNW: What’s in it for Arabnet?

We’re not going to be making much money off of this, we’re doing it to make to Arabnet better.


We found a lot of Entrepreneurs this year [during the event], but we can’t expect them all to come to us, so we’re going to go to them. We’re looking for local sponsors in each city to help get entrepreneurs to the event. It costs a lot to get to the event depending on where your from.


We want to find local partners in each city to help fly entrepreneurs in. If we can do that, we can help even more people launch.


We think it’s great to help entrepreneurs launch in the region, although a bit skeptical on how much they can accomplish going on a roadshow with all the resources that implies instead of say, launch the same workshop online.


Time will tell just how successful it’ll be by both the size of next year’s Arabnet and how many companies actually launch as a result of it. Either way, we’re excited to see energy levels reach a higher level next year. 2011 looks like its going to be the year of Entrepreneurs in the Middle East.







As you all know, that mashed-up bag of gas with pancake make-up on it Keith Olbermann has been “suspended indefinitely” by MSNBC for making and failing to disclose political contributions to three Democrats — including open-borders Democrat Rep. Raul Grijalva, whom he hosted on the same day he forked over a donation.


Unlike Fox News (pay attention, Media Matters Soros-bots), NBC ethics guidelines (yes, they do have them) bar their employees from making political contributions. (FNC’s real-world, pro-free speech rules allow donations as long “as long as the activity does not interfere with or impair the performance of the employee’s duties for the Company.”)


Politico got the scoop on Olbermann’s donations to Grijalva, AZ Democrat Rep. Gabrielle Giffords, and failed Kentucky Democrat Senate candidate Jack Conway by sifting through FEC records.


Bill Kristol is rallying conservatives to support Olbermann.


MSNBC’s suspension of Keith Olbermann is ludicrous. First, he donated money to candidates he liked. He didn’t take money, or favors, in a way that influenced his reporting. Second, he’s not a reporter. It’s an opinion show. If Olbermann wants to put his money where his mouth is, more power to him.Republicans of the world, show you believe in the free expression of opinion! Tell the crony corporatists at NBC—keep Keith!


Pardon my MSNBC-like incivility, but are you freaking kidding me? Hoping Kristol’s tongue is firmly planted in cheek, but plenty of people are taking him seriously.


Olbermann railed against FNC in August for its corporate donations while whitewashing NBC/GE’s:


On the August 17 edition of ‘Countdown,’ host Keith Olbermann used the donations to do the only thing he’s capable of doing: criticizing Fox News.


“We now have another million reasons why Fox News is the Republican news channel, correct?” Olbermann asked Media Matters president Eric Burns.


Olbermann said that GE, MSNBC’s parent company, donated an equal amount of money to both the DGA and RGA. He didn’t mention, however, that according to OpenSecrets.org, in 2008, 100 percent of MSNBC Cable’s donations went to Democrats and 99 percent of NBC’s donations went to Democrats.


Additionally, so far in 2010, 100 percent of ABC News’s donations have gone to Democrats and CBS Corporation’s PAC has contributed $51,000 to Democrats in 2010.


The Media Research Center previously noted News Corp.’s donations favored Democrats and that other outlets critical of the donation, such as Viacom’s Comedy Central, have all given substantial money to Democrats, yet there is no outrage over their political contributions.


Olbermann’s sanctimony and hypocrisy only compound his core failure to disclose the donations before Election Day — especially during the show in which he hosted one of the beneficiaries of that cash.


Here is the full transcript of the Olbermann/Grijalva interview on Oct. 28, the day Olbermann donated the maximum to Grijalva’s re-election bid:


Title: MSNBC “Countdown with Keith Olbermann” – Transcript

Date: 10/28/2010

Interview

BREAK IN TRANSCRIPT


REP. RAUL GRIJALVA (D), ARIZONA: Good to talk to you, my friend.


OLBERMANN: Is there anything you can tell us about the relationship between these private prisons and the lawmakers who supported this monstrosity of a bill?


GRIJELVA: It is a wonderful I told you so moment. But, at the same time, we”ve been battered for the six months for our opposition to 1070, not just myself but others. And we don”t know how much they”ve contributed to these independent expenditure campaigns, the private prison industry.


But you used the word citizens. It”s disgusting, cynical and disgusting that they were bragging about there”s going to be more women and children detained, so therefore this is a market for us.


And the fact of the matter is Russell Pearce and Jan Brewer made a decision to put this law in effect. It had had nothing to do with border security. It had nothing to do with the security of the state. It had to do with the profit line.


And, you know, I”m glad that NPR did this. I”m glad “In These Times” did that. Finally, it”s catching some attention. But it comes at the end of a campaign when many of us have been battered for six months because of our opposition to 1070.


It is–you used the word cynical. It is past cynical. It is using

a very tough situation in the state of Arizona when it comes to immigration


using it to make a profit and using people, when we should be talking about how you we”re going to reform this law. It”s unbelievable.


OLBERMANN: It”s almost extraordinary to believe that once we got past the original phony reason for it, which was security at the border, when obviously it didn”t pertain to that whatsoever, that the real reason behind that was well, this is to intimidate people of Hispanic descent. Well, it turns out there”s an even more base, cynical reason behind it.


Am I wrong about this? When they talk about making money, it”s not–they”re not talking about people who are going to be in jail because they”ve been convicted of anything. This would be making money off people who are held and then found to have violated no laws, correct? They make money whether something”s guilty or innocent, correct?


GRIJALVA: It”s filling beds and spaces, period. It”s about detention. It”s about building private prisons, filling them, taking a profit from the federal government, and with that profit continuing to expand the bottom line. The advisers for Jan Brewer are part of this. The people that wrote the law for Russell Pearce of part of this. They”re all going to make millions of dollars off of this.


What expense? The division in Arizona, the division across this country. They get to go blithely walk away with their money, leaving behind the kind of social mess they”ve left all over this country. It is for me one of the most corrupt political acts. Because you use people. You use the emotions involved and you make a profit.


OLBERMANN: I can”t insure your house for fire, because legally that would give me a motivation for wanting to see your house catch fire. I mean, the idea of private prisons–suddenly, we see the flaw in that idea, too, that if they”re private prisons run for profit, there”s going to be a motive to put people in prison who don”t belong there.


GRIJALVA: That and the private prison industry here in Arizona has a wonderful test case. Murderers escaped from a private public. They haven”t escaped from a public prison. That”s Jan Brewer”s agenda. That is the extreme right”s agenda here.


I think–I hope people–I think people in Arizona are now seeing through the cloud and realizing that this is not just about immigration. This is not just about border security. There”s an insidious reason we”re involved in this really tough, tough issue. That is that somebody is making money off of it.


OLBERMANN: Lastly, any idea why the governor is going to San Francisco?


GRIJALVA: Well, she hasn”t debated. She wants to avoid the questions that are pressing about her relationship to this private prison industry and why they wrote the law. The people on her staff that are running her campaign and her chief of staff, I”m assuming that she wants to avoid those questions.


OLBERMANN: Congressman Raul Grijalva of Arizona, it”s always a pleasure and an education. I”m sorry it”s always about something like this. Thanks for your time.


GRIJALVA: Thank you.


Olby’s defenders say it’s wrong to punish opinion journalists for supporting candidates and causes.


But:


1) MSNBC has always promoted and allowed Olbermann to preen as an award-winning journalist and broadcaster of Edward R. Murrow’s caliber — above the fray and superior to the rest of us in the print/broadcast media who are open and honest about our political and ideological biases.


2) Whatever NBC’s guidelines may be, it was the basic journalistic failure of the Murrow wanna-be to disclose the donation on the night he hosted one of his cash recipients that seals his fate and undermines whatever iota of credibility his station has left.


Good night and good riddance.


***


Flashback 2007:


HOW many times over the years have we seen mainstream media elites get on their high horse about their unbending commitment to objectivity?


Wear ribbons after the 9/11 attacks? Heavens, no, the news poobahs swooned. Stacey Woelfel, news director at KOMU-TV in Columbia, Mo., directed his staff to “leave the ribbons at home” to show viewers “that in no way are we influenced by the government in informing the public.”


Display the flag during wartime? Heavens, no, cried the dinosaur networks. ABC News spokesman Jeffrey Schneider told The Washington Post: “Especially in a time of national crisis, the most patriotic thing journalists can do is to remain as objective as possible . . . We cannot signal how we feel about a cause, even a justified and just cause, through some sort of outward symbol.”


And dole out political cash while on the job? Heavens, n-oh, wait a minute. That unbending commitment to neutrality is really nothing but a Wetzel’s pretzel.


Despite all the past protestations about the need to avoid outward signs of partiality, we now learn that journalists in America’s top newsrooms overwhelmingly donate to Democrat causes and candidates (shocker!) – and that they’ve been giving despite clear prohibitions and conflicts of interest.


MSNBC.com’s Bill Dedman found 144 journalists who’d made political donations to candidates, parties and causes from 2004 through the start of the 2008 campaign. Nine out of 10 – 125 in total – gave to Democrats and liberal groups; only 17 gave to Republicans, while two gave to both parties. The donors include war correspondents who gave while embedded or on the war beat, The New York Times’ ethics columnist and several news anchors who crusaded and signed petitions against the war.


Adding insult to self-injury, every single one of these donors – who work in an industry that crusades for openness, disclosure, and transparency – failed to inform their viewers, readers and bosses of their political activities.


So much for “Sunlight is the best disinfectant.”


***


Flashback: Rejoice: Voters eject MSNBC host-to-be Alan Grayson in Fla.


Flashback: The old “coconut” smear: Another MSNBC white liberal bigmouth with race issues


Flashback: MSNBC’s Larry “O’Scary” O’Donnell melts down again


Flashback: White liberal MSNBC TV host can’t stop talking about president’s skin color


Flashback: MSNBC Clown who called me “big mashed up bag of meat with lipstick” says Scott Brown hates women


Flashback: The indelible whiteness of MSNBC


Related: MSNBC’s on-air political fundraising.



***


Ok, poll time:




eric seiger

Imelda Romualdez Marcos by ramonlopez


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

Imelda Romualdez Marcos by ramonlopez


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger eric seiger
eric seiger

Imelda Romualdez Marcos by ramonlopez


eric seiger
eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.



eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger

David A. Love: Fox <b>News</b> Must Fire Glenn Beck for Mocking a <b>...</b>

All of us should be concerned about Glenn Beck's verbal assault on George Soros and his mocking of the Holocaust. Yet, this is more than a Jewish issue.

Tuesday&#39;s <b>news</b>: Studying Shea Weber&#39;s super slapper - On the Forecheck

He has broken the bones of teammates and foes alike, rent Olympic nets asunder, and piled up goals at a prodigious rate over the last few years.

The Allmusic Blog » <b>News</b> Roundup: 11/10/2010

The blog site of allmusic.com. Music news, reviews of new songs, information about upcoming releases and tours, highlighting forgotten treasures, rediscoveries, and all manners of interesting music culled from the AMG archive.


eric seiger