Saturday, November 8, 2008
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- POTW - 26th Annual Japan Autumn Festival
- HAPPY THANKSGIVING!!
- The Parrot
- Why the printer doesn't work...
- Guam Ukelele Master Ryan Imamura!
- MOM'S ON GUAM: RED BETEL-NUT Mouth...
- Quote of the week
- POTW - Lunch at the Mariott
- When I got a boo-boo.
- Charter for Compassion
- Spam to the rescue
- Reason: the magazine
- Guam Greyhound Race Track Closes after 32 Years!
- MOM's ON GUAM!
- The 'Flat Earth Theory'. Mabe Justified!
- Ring Tones on cell phones!
- How to avoid the Obama tax increase?
- The 'Fairness Doctrine'
- UK's Brown: Now is the time to build global society
- Isabel Cards
- This one's for you Ric
- The Man Behind the Curtain
- Jobless rate bolts to 14-year high of 6.5 percent
- For the record
- Schwarzenegger: $4.4B in tax hikes to end deficit
- Democrats in Congress wary of overreaching
- The true test of the times.
- ☆ GUAM ELECTION RESULTS ☆
- The First Election Results Are in Already
- Obama Flips Off McCain
- YAS
- Civilian Security Force
- e-mail from Alan Amor
- Palin Gets Punked
- Old Friends..where art thou?
- Why Did The Chicken Cross The Road?
- SHOW US YOUR HALLOWEEN COSTUMES!!!
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The Dean's Circle Gang
- Allan Amor
- Becki
- CJGuam
- Chew Bird
- Chris
- Cindy
- Clay
- DanL
- Dave
- David Waite
- Desi
- Doug
- Doug
- Island Jewell
- JJones
- Joanna
- Johnny Borja
- King
- Nanci Waite Villegas
- Pat
- Paul
- Pete
- Randall Braman
- Renee
- Renne
- Ric Larson
- Rod
- Roxy
- Sam
- Sarah
- Sean
- Teresa Larson
- Valiza
- alice
- amy
- booniedawg
- fastjimmy61
- illustrationISM....
- jinny
- juliet
- mat
- rac
- tophersguam
- ~dana
12 comments:
That's not the half of it. I saw a distilled version of a report earlier this week that is somewhat disconcerting. The report was produced for credit card issuers, a sort of Chiltons catalog for those that make their living issuing short term debt. Information provided to the subscribers helps these issuers formulate policy and rates and keep their finger on the pulse of the credit card using public. In essence, how far in they want to ram it that month.
A few of the "highlights"
-last week saw a 1.9% increase in unpaid, over the limit/overdue balances. Amortized over the year this translates to a 98% increase.
-credit card loans were UP 32 Billion for the period 8/8-10/8
-vulnerability to exposure to bad debt through credit card loans is higher in the last 10 weeks than the last 10 months combined.
-"market conditions" now warrant an average of 26.5% APR on balances.
-#1 point of sale for the period for Credit card purchases, not DEBIT mind you but CREDIT was...ready for this? McDonalds.
That's right, good old Mickey D's. Some of our fellow citizens are so tapped out that they are having to charge the family meal at the Golden Arches quite probably adding to an already hefty balance. Might be paying for that meal five, maybe ten years from now at 26%, who knows?
There have been some reports of drastically reduced consumer spending recently and one might say well that's good people are tightening their belts it's about time. Afraid not. A large consumer segment is now in the position of being upside down in their mortgage, maxed out on their credit cards while at the same time enjoying the recent american tradition of having a negative savings rate. They have no leeway.
This will be a lean Winter.
Please, some one correct me if I am wrong.But doesn't Michigan have like a 9% unemployment rate? If so, why whould the President-elect want the former Governor of Michigan to be his chief financial advisor?
Because unlike the Governor of Alaska, Governor Granholm actually knows which countries signed the North American Free Trade Agreement and that Africa is a continent and NOT a country. Like Palin, Granholm went to multiple Universities. Unlike Palin, she received multiple degrees. A BA in both political science and French from UC Berkley (Phi Beta Kappa) and a Juris Doctor degree from Harvard Law School.
What would make her attractive as a financial advisor is this: "Governor Granholm has gotten rid of $4 billion in left-behind deficits by making tough choices and by cutting waste, fraud and abuse. The Granholm Administration is doing more with less and protecting citizens' critical priorities without raising taxes. Under Granholm, the state bureaucracy is smaller and taxpayers' dollars are being spent more efficiently than ever before."
The high unemployment rate in Michigan is mostly due to a struggling auto industry hard hit by a frail world economy. However, Michigan's unemployment rate would certainly be higher if it was not for her efforts to attract new industry to the State (that's what brought me here).
Oh yeah, and also UNLIKE Palin, Granholm actually WON the beauty contest she entered in her youth.
P.S. Yes, I realize I didn't have to throw in the Palin references, but it's just so much fun.
P.S.S. Look for Granholm to be a potential Supreme Court justice during Obama's tenure.
I'm gonna name a new flavor of kool-aid in rac's honor. Let's see, how about Liberal Lime? Marxist Mellon? B-O Berry? Ruby Red Retreat? Sugar Free Surrender? Give-it-up Grape or perhaps Pelosi Pineapple Punch? I've got it... Change-it-all-Cherry! You know I'm just having fun with you rac. I know you're a great American.
You bring a tear to my eye, Dave. I am honored and I thank you.
A bit left leaning perhaps, but a great American none the less.
How about conservative sour-grape.
Did you see what the auto makers bail out plan is 25 billion immediately and another 25 billion to follow or expect a few million more unemployed next month.
Hey, did anyone see that they are looking for 300 border guards up in the Marianas Islands. Also Marine guards. Is anyone keeping track on the Bush Adm. proposed plan to make the Marianas trench a reserve? Dave this might be a good way to retire with a second career in the Islands. They must need senior managers for this endeavor. I don't think I would pass the physical( too much German cake over the years) or I would apply myself. I could see myself in a grass shack, eating mangrove crab and bananas and rounding up a few stray Chinese.
If Larson goes to work back on the island then he'll be able to track down the elusive Bast.
The elusive Bast... Circle rat #1.
Paul, you cannot honestly tell the entire dean’s circle gang, that you with all of your investigative and electronic surveillance talent, cannot find the elusive circle rat on an island so small as Guam. I know you have tried, and may be a bit frustrated from your failed attempts, but please keep trying. I sense a conspiracy has been concocted between Paul and the ever elusive Benny, to allow the most sought after MIA member of the order of circle rats to remain incognito. I may just have to make a trip to the islands again. Ben, you can run, but you cannot hide... at least not for ever. It's time for you to come out to play.
Yes, Ben would liven up the conversation, he should have been a stand up comedian. Really entertaining to listen to and he has a long memory.
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