Big Financial Leaps For Small Enterprises

Forbes 2011 financial report came out with some very interesting news and surprising unheard of companies that really rocked the financial world. Many huge conglomerate companies that we all expect to really be on top of the financial reports were actually reporting slow lending, losses and basically overall poor results. Even with some of the poor and unexpected reports there was some interesting news that surfaced.

The Mexican billionaire Ricardo Salinas is considering bringing his micro-lending business to the United States where he will focus on lending to women. Salinas stated "Because 85 percent of women owned businesses can be considered micro enterprises that a well managed micro financing program would be a great asset. Personal Loans Pro is yet another surprise that hit reports primarily due to its diversity of providing nationwide assistance to people that have bad credit but their Online Personal Loans program is also designed to provide people with the best interest rates found nationwide. Providing nationwide services and instant online application processing definitely provides convenience and outstanding results.

Saturday January 31, 2015 Finance No Comments

A metaphor for the Astros’ five-year rebuild.

Ed Note: The following story has elements of truth. I did own the cars pictured. But the timeline and details have been changed for metaphoric merit.

Back in 2005, I needed a new car.  I was driving a 1994 Ford Probe SE (the 4-cylinder, not the 6) with 250,000 miles (give or take…the odometer had broken several years prior), and I finally had to acknowledge to myself that it wouldnt magically become better on its own.  Unfortunately, I had just closed on a new house, and the mortgage was through the roof – I had stretched myself financially in anticipation of future raises and promotions.  My family was going to grow, and I didnt want to move again in five years.  I had school...

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Saturday, January 31st, 2015 School Loans No Comments

Governor: Legalizing pot was bad idea

He said that he tells other governors to “wait a couple of years” before legalizing marijuana as Colorado continues to navigate an unknown, nonexisting federal regulatory landscape for the industry.

“Theres a whole regulatory environment … that really regulates alcohol,” he said. “Were starting from scratch, and we dont have a federal partner because [marijuana] is still illegal federally.”

In February 2014, the Obama administration released guidelines for the marijuana industry indicating federal officials would not target financial institutions or businesses engaging in selling pot as long as those businesses were compliant with state...

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Friday, January 30th, 2015 Finance No Comments

How Bad Is My Credit Score?

Information That Won’t Directly Hurt Your Score

You might be glad to know that the following things have no direct impact on your credit score: 

- Your income. It doesn’t matter whether you make $12,000 or $120,000 per year, as long as you’re making your payments on time. Having a low income doesn’t have to mean having bad credit.

- Your address. Living in a bad neighborhood won’t give you a bad credit score, nor will living in a prestigious one give you a good score. If you own a home, its value doesn’t influence your score, either.

- Your participation in a credit counseling program. Signing up for help managing your bills...

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Friday, January 30th, 2015 Debt Settlement No Comments

This Week in (Dumb) Baseball: Wilpon named finance committee head

Introducing MLBs finance committee chairman, Fred Wilpon. USATSI

Its Friday afternoon in Eye on Baseball, so you know what that means? Its time to send you all off for the weekend with another edition of This Week in Dumb Baseball. If you arent familiar with what we do here, click on some of the below items.

First installment here | second | third | fourth | fifth | sixth | seventh | eighth | ninth.

1. Commissioner Ron Manfreds first mistake

Well, that didnt take long. The new commish has already made an unpopular decision.

Once taking over the job, Manfred gave the executive council a makeover —...

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Friday, January 30th, 2015 Finance No Comments

County sells bonds to finance 911 center

The Robert Baird investment firm purchased $13.32 million in special obligation bonds from Boone County on Thursday to finance construction of a 911/emergency operations center on the sheriff’s department campus.

The sale, finalized by the county commission, was the result of a competitive bid process with three bidders, said County Treasurer Nicole Galloway.

article source

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Friday, January 30th, 2015 Finance Comments Off

Invel buys portfolio of UK loans from NAMA

Invel Real Estate Partners has agreed terms to buy the portfolio, which is made up of a mix between commercial property and residential property loans.

Most of the loans are secured against assets in the UK.

Invel continues to actively search for and take advantage of opportunities in the European real estate market. This transaction is a testament to Invels ability to source and structure highly complex transactions where there is an opportunity to add value through active asset management and development, Invel chief investment officer, Luv Shah, told Property Week magazine.

Invel was set up in March 2013 specifically to take advantage of volatility in the European property...

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Friday, January 30th, 2015 Property Loans Comments Off

Finance, Real Estate and Mining Drive US Growth in Third Quarter

Finance and insurance, natural resources and real estate industries were the biggest drivers of the third quarters strong economic growth, the Commerce Department said Thursday.

The industries accounted for just over half of the 5.0% advance for gross domestic product from July to September. That marked the strongest seasonally adjusted annual pace for GDP, the broadest measure of economic output, in 11 years.

The latest report breaks out contributions from broad industry groups, while earlier figures are categorized by consumer spending, private investment, trade and government spending.

Overall, the report underscores relatively broad-based economic growth, which has helped fuel...

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Thursday, January 29th, 2015 Finance Comments Off

Advanced Explorations Inc. Provides Corporate Update

TORONTO, ONTARIO–(Marketwired – Jan. 16, 2015) – Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the Company or AEI) is pleased to provide an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEIs corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 (the Royalty Agreement) with Roche Bay plc and Roche Bay East Limited (collectively Roche Bay) in response to current market conditions. Pursuant to the Royalty Agreement, in order to maintain its right to increase its ownership from 75% to 100%, AEI is to pay Roche Bay a Mandatory Minimum Payment (as defined...

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Thursday, January 29th, 2015 Debt Settlement Comments Off

The Week in Public Finance: Puerto Rico Update, a Comeback for Cities and …

As population has declined in cities, one of the toughest finance problems for metropolitan centers has been how to keep paying for services for the swelled population during the day while taking in revenue from far fewer people on the whole. For example, Washington, DCs daytime population swells well past 1 million people but the city only has about 640,000 residents.

However, recent years have marked a turnaround. For the first time in decades, the rate of population growth in some of Americas largest cities is outpacing suburban growth. This also means cities are enjoying growth in property values and government revenues — both which help boost city credit quality. A paper...

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Thursday, January 29th, 2015 Finance Comments Off

Real company, fake job offer

Thieves are looking to steal your money or information through job postings that look legitimate. But when the job being offered is at a big name company, how do you know youre not getting taken?

If youre looking for work, at first glance, one job offer on Craigslist may look legit. It claims to be for an office position with ClearPoint Credit Counseling Solutions. The ad says you can make $15.75 an hour.

Terrence Banks with ClearPoint says, it looked real enough to fool job seekers, and even him.

We were outraged and we did immediate actions to try and stop it, says Banks.

He added, if someone hadnt notified them, ClearPoint would never have known.

Actually...

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Thursday, January 29th, 2015 Debt Settlement Comments Off