Wednesday, September 29, 2010

Moms Making Money















Sharif El-Gamal, Chairman and CEO of SOHO Properties, Inc., is seen in his office in Manhattan, NY. (Jennifer S. Altman / Landov)

New revelations about the owner of the mosque building near ground zero could mean a split between him and the project's influential imam, making it unlikely to ever get built.


Sharif El-Gamal, 37, the owner of the building at the center of the storm over the construction of a "ground zero mosque," is a quintessential American story, a man who went from waiting tables in New York's A-list restaurants to buying and selling properties.


But new revelations are emerging that present a very different narrative. And it could lead to a split between the forces behind the mosque.


Court records from Florida to New York state reveal that Sharif and his younger brother, Samir "Sammy" El-Gamal, 35, a partner with him in his company SoHo Properties, both have a history replete with intersections with tax and debt issues, dating back to at least 1994 and continuing into this year. In one case, a NYPD officer arrested Sharif in 1994 for “promoting prostitution.” (He pleaded guilty to a misdemeanor of disorderly conduct.) In another instance, Sharif told a court he didn't hit a tenant from whom his brother and he were trying to collect back rent. He said to police, the tenant's "face could have run into my hand."


I now don't think the mosque will be built at the location staked out near ground zero.


The New York state licensing services division, which oversees real-estate agents, is investigating Sharif and his company, SoHo Properties. "We have an open investigation based on a complaint," the spokesman, Joel Barkin, said. According to the complaint, according to people familiar with the case, Taylor Lukof, a 20-something partner at Toro Trading LLC, a New York firm, gave Sharif and his brother $6,200 that was supposed to be kept in escrow for an apartment. When the apartment didn't come through, Lukof asked for the money back, the people familiar with the complaint said, and was promised the money, but he hasn't received any money. Jack Billelo, district manager at the licensing services division, is overseeing the investigation. Lukof declined to comment. Sharif has declined to be interviewed.


After tracking Sharif's finances and talking to acquaintances about his rough-and-tumble business style, I now don't think the mosque will be built at the location staked out near ground zero. According to people familiar with the mosque project, Imam Faisal Abdul Rauf and his wife, Daisy Khan, a community leader, were blindsided by the revelations about Sharif, making a partnership unlikely. Moreover, Sharif’s domineering personality troubles them because it doesn't fit into the slow, methodical, and even boring work of building a nonprofit.


I expect that Rauf and Khan will gracefully bow out of this project near ground zero, lead an interfaith community effort to build an Islamic center elsewhere, and welcome Sharif and his family in the congregation with open arms. To me, that’s the best solution out of this political—and now PR—debacle. I'm also certain that somewhere in there the businessman in Sharif will see a profit.





Earlier this summer, I left the humble Jersey City home of Rauf and Khan, with my son, Shibli, 7, believing in their vision. But, over the next weeks, I got a funny feeling about the project. Four years ago, I had started an organization with three other Muslim moms, Muslims for Peace. Sharif had asked one of the moms if the new mosque effort could raise money using Muslims for Peace’s nonprofit status. That didn't feel right to me, nor did the insistence on the location near ground zero, amid so much opposition and hurt. I recused myself from the mosque effort. With conspiracy theories circulating, I wrote a story that Muslims for Peace had raised less than $9,000 for the mosque. The Muslims for Peace fundraising effort was later nixed because Sharif felt betrayed by the public disclosure, and I stepped down from the organization (though I’m still a Muslim for peace, lowercase).


The New York Post reported yesterday that Sharif and SoHo Properties are "tax deadbeats," owing $224,270.77 in back property taxes on the site, and that a Sharif company “failed to pay its half-yearly bills in January and July.” (An El-Gamal spokesman told the Post the taxes had been paid.)


On the trail of the El-Gamal brothers is a Sarasota, Florida, private investigator, Bill Warner, whose interest got piqued when he started getting phone calls last month from New Yorkers saying that the whole story about Sharif wasn't out. Warner is posting his findings on his website and sharing it with the media. He provided me with leads that allowed me to see more clearly the trail of troubles that lies in Sharif's wake.


• Asra Q. Nomani: The Mosque is the New Balloon Boy

• The Money Behind the Mosque
The El-Gamal family's immigrant journey is like that of many other American-Muslim families. The patriarch, Mohamed A. El-Gamal, an Egyptian, arrived in the U.S. during the late 1960s or early 1970s with a first wave of Muslim professionals and graduate students. According to media reports, he married a Catholic woman of Polish descent. Blond and blue-eyed, Sharif was born in Brooklyn two days before Christmas 1973. His younger brother, Samir, was born in the summer of 1974.


The family hop-scotched between the U.S., Liberia, and Egypt, and Sharif graduated from New Hyde Park High School in Nassau County, Long Island.


According to friends, the brothers ran with a fast crowd in their twenties. Sharif waited tables at the posh restaurant Serafina, while Sammy waited tables at Tao. For a short while, Sharif worked as a waiter at Michael Jordan’s, named after former basketball star. But, according to people familiar with that restaurant, he was fired within two months for arriving reeking of alcohol, among other things. This is around when Sharif started acquiring a criminal record, say people familiar with his life.


This past weekend, capturing this period of Sharif's life, the Daily News ran a headline, "Park51 developer Sharif El-Gamal has a history of run-ins with the law," including pleading guilty in 1994, 1998, and 1999 to disorderly conduct in Manhattan, as well as pleading guilty to disorderly conduct in 1990, a DWI in 1992, and attempted petit larceny in 1993 in Nassau County, N.Y.








For example: Years ago, Whoopi Goldberg asked (paraphrasing), "How can you tell a black welfare mom not to accept drug money from her son?" Well, I am a black man who would tell the mom not to accept the money because selling drugs is wrong. Liberal America would consider my answer too simple, judgmental, and religious. Pandering to the mom's lower nature, liberals would say, "That's easy for you to say, Lloyd. How dare you expect a welfare mom to rise to your standard?"

Kinect will talk to MSN Messenger Xbox 360 <b>News</b> - Page 1 <b>...</b>

Read our Xbox 360 news of Kinect will talk to MSN Messenger.

<b>News</b> Roundup: Gordon Ramsay Responds to Chef&#39;s Suicide, Brad <b>...</b>

Gordon Ramsay has opened up about the death of 'Kitchen Nightmares' contestant Joseph Cerniglia. According to Entertainment Weekly, Ramsay expressed.

Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>

iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.


bench craft company rip off
benchcraft company scam

GBP$240409loss by Trading Rich Mom


Kinect will talk to MSN Messenger Xbox 360 <b>News</b> - Page 1 <b>...</b>

Read our Xbox 360 news of Kinect will talk to MSN Messenger.

<b>News</b> Roundup: Gordon Ramsay Responds to Chef&#39;s Suicide, Brad <b>...</b>

Gordon Ramsay has opened up about the death of 'Kitchen Nightmares' contestant Joseph Cerniglia. According to Entertainment Weekly, Ramsay expressed.

Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>

iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.


bench craft company rip off benchcraft company scam














Sharif El-Gamal, Chairman and CEO of SOHO Properties, Inc., is seen in his office in Manhattan, NY. (Jennifer S. Altman / Landov)

New revelations about the owner of the mosque building near ground zero could mean a split between him and the project's influential imam, making it unlikely to ever get built.


Sharif El-Gamal, 37, the owner of the building at the center of the storm over the construction of a "ground zero mosque," is a quintessential American story, a man who went from waiting tables in New York's A-list restaurants to buying and selling properties.


But new revelations are emerging that present a very different narrative. And it could lead to a split between the forces behind the mosque.


Court records from Florida to New York state reveal that Sharif and his younger brother, Samir "Sammy" El-Gamal, 35, a partner with him in his company SoHo Properties, both have a history replete with intersections with tax and debt issues, dating back to at least 1994 and continuing into this year. In one case, a NYPD officer arrested Sharif in 1994 for “promoting prostitution.” (He pleaded guilty to a misdemeanor of disorderly conduct.) In another instance, Sharif told a court he didn't hit a tenant from whom his brother and he were trying to collect back rent. He said to police, the tenant's "face could have run into my hand."


I now don't think the mosque will be built at the location staked out near ground zero.


The New York state licensing services division, which oversees real-estate agents, is investigating Sharif and his company, SoHo Properties. "We have an open investigation based on a complaint," the spokesman, Joel Barkin, said. According to the complaint, according to people familiar with the case, Taylor Lukof, a 20-something partner at Toro Trading LLC, a New York firm, gave Sharif and his brother $6,200 that was supposed to be kept in escrow for an apartment. When the apartment didn't come through, Lukof asked for the money back, the people familiar with the complaint said, and was promised the money, but he hasn't received any money. Jack Billelo, district manager at the licensing services division, is overseeing the investigation. Lukof declined to comment. Sharif has declined to be interviewed.


After tracking Sharif's finances and talking to acquaintances about his rough-and-tumble business style, I now don't think the mosque will be built at the location staked out near ground zero. According to people familiar with the mosque project, Imam Faisal Abdul Rauf and his wife, Daisy Khan, a community leader, were blindsided by the revelations about Sharif, making a partnership unlikely. Moreover, Sharif’s domineering personality troubles them because it doesn't fit into the slow, methodical, and even boring work of building a nonprofit.


I expect that Rauf and Khan will gracefully bow out of this project near ground zero, lead an interfaith community effort to build an Islamic center elsewhere, and welcome Sharif and his family in the congregation with open arms. To me, that’s the best solution out of this political—and now PR—debacle. I'm also certain that somewhere in there the businessman in Sharif will see a profit.





Earlier this summer, I left the humble Jersey City home of Rauf and Khan, with my son, Shibli, 7, believing in their vision. But, over the next weeks, I got a funny feeling about the project. Four years ago, I had started an organization with three other Muslim moms, Muslims for Peace. Sharif had asked one of the moms if the new mosque effort could raise money using Muslims for Peace’s nonprofit status. That didn't feel right to me, nor did the insistence on the location near ground zero, amid so much opposition and hurt. I recused myself from the mosque effort. With conspiracy theories circulating, I wrote a story that Muslims for Peace had raised less than $9,000 for the mosque. The Muslims for Peace fundraising effort was later nixed because Sharif felt betrayed by the public disclosure, and I stepped down from the organization (though I’m still a Muslim for peace, lowercase).


The New York Post reported yesterday that Sharif and SoHo Properties are "tax deadbeats," owing $224,270.77 in back property taxes on the site, and that a Sharif company “failed to pay its half-yearly bills in January and July.” (An El-Gamal spokesman told the Post the taxes had been paid.)


On the trail of the El-Gamal brothers is a Sarasota, Florida, private investigator, Bill Warner, whose interest got piqued when he started getting phone calls last month from New Yorkers saying that the whole story about Sharif wasn't out. Warner is posting his findings on his website and sharing it with the media. He provided me with leads that allowed me to see more clearly the trail of troubles that lies in Sharif's wake.


• Asra Q. Nomani: The Mosque is the New Balloon Boy

• The Money Behind the Mosque
The El-Gamal family's immigrant journey is like that of many other American-Muslim families. The patriarch, Mohamed A. El-Gamal, an Egyptian, arrived in the U.S. during the late 1960s or early 1970s with a first wave of Muslim professionals and graduate students. According to media reports, he married a Catholic woman of Polish descent. Blond and blue-eyed, Sharif was born in Brooklyn two days before Christmas 1973. His younger brother, Samir, was born in the summer of 1974.


The family hop-scotched between the U.S., Liberia, and Egypt, and Sharif graduated from New Hyde Park High School in Nassau County, Long Island.


According to friends, the brothers ran with a fast crowd in their twenties. Sharif waited tables at the posh restaurant Serafina, while Sammy waited tables at Tao. For a short while, Sharif worked as a waiter at Michael Jordan’s, named after former basketball star. But, according to people familiar with that restaurant, he was fired within two months for arriving reeking of alcohol, among other things. This is around when Sharif started acquiring a criminal record, say people familiar with his life.


This past weekend, capturing this period of Sharif's life, the Daily News ran a headline, "Park51 developer Sharif El-Gamal has a history of run-ins with the law," including pleading guilty in 1994, 1998, and 1999 to disorderly conduct in Manhattan, as well as pleading guilty to disorderly conduct in 1990, a DWI in 1992, and attempted petit larceny in 1993 in Nassau County, N.Y.








For example: Years ago, Whoopi Goldberg asked (paraphrasing), "How can you tell a black welfare mom not to accept drug money from her son?" Well, I am a black man who would tell the mom not to accept the money because selling drugs is wrong. Liberal America would consider my answer too simple, judgmental, and religious. Pandering to the mom's lower nature, liberals would say, "That's easy for you to say, Lloyd. How dare you expect a welfare mom to rise to your standard?"
benchcraft company scam

Kinect will talk to MSN Messenger Xbox 360 <b>News</b> - Page 1 <b>...</b>

Read our Xbox 360 news of Kinect will talk to MSN Messenger.

<b>News</b> Roundup: Gordon Ramsay Responds to Chef&#39;s Suicide, Brad <b>...</b>

Gordon Ramsay has opened up about the death of 'Kitchen Nightmares' contestant Joseph Cerniglia. According to Entertainment Weekly, Ramsay expressed.

Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>

iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.


benchcraft company scam bench craft company rip off

Kinect will talk to MSN Messenger Xbox 360 <b>News</b> - Page 1 <b>...</b>

Read our Xbox 360 news of Kinect will talk to MSN Messenger.

<b>News</b> Roundup: Gordon Ramsay Responds to Chef&#39;s Suicide, Brad <b>...</b>

Gordon Ramsay has opened up about the death of 'Kitchen Nightmares' contestant Joseph Cerniglia. According to Entertainment Weekly, Ramsay expressed.

Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>

iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.


bench craft company rip off benchcraft company scam

Kinect will talk to MSN Messenger Xbox 360 <b>News</b> - Page 1 <b>...</b>

Read our Xbox 360 news of Kinect will talk to MSN Messenger.

<b>News</b> Roundup: Gordon Ramsay Responds to Chef&#39;s Suicide, Brad <b>...</b>

Gordon Ramsay has opened up about the death of 'Kitchen Nightmares' contestant Joseph Cerniglia. According to Entertainment Weekly, Ramsay expressed.

Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>

iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.


benchcraft company scam












































Friday, September 24, 2010

how to manage personal finances


From Hotline (HT: Mataconis):


O'Donnell, a perennial conservative candidate in Delaware, is challenging moderate Rep. Mike Castle (R), the clear favorite of the GOP establishment. But she has come under fire recently for her personal financial problems. Reports have surfaced that she owed $10K in back taxes, defaulted on her mortgage and holds outstanding campaign debt.


Levi Russell, a spokesman for the group, told Hotline On Call that the group was not aware of O'Donnell's personal financial problems before it endorsed her.


"We don't know the exact situation," he said.


When asked if the group discussed the issues with O'Donnell, Russell responded: "No we haven't. We don't really have any contact with the campaign or the candidate."


We have blogged before reasons why we support Mike Castle over O'Donnell. But this report raises even more questions, such as:



  1. If the Tea Party really stands for fiscal conservatism, why would they endorse somebody who can't even manage her personal finances?

  2. Does it give you confidence in the Tea Party that they go around endorsing people without having any contact with the candidate? How do they know that this female version of Harold Stassen is really worthy of such an endorsement?

  3. Christine O'Donnell has run for office 4 times. Her sole victory was an uncontested Republican primary.

  4. In 2008, O'Donnell lost the Delaware senate race to Joe Biden by 65-35. She later falsely claimed to have won two counties in that race. Biden's percentage of the vote in 2008 was the largest of any of his senatorial campaigns.

  5. In 2008, one of the great Democratic landslides, Mike Castle beat his Democratic challenger for Delaware's sole Congressional seat by 23 points. Castle has won 13 consecutive state-wide races as a candidate either for Governor or Congressman. He's way ahead of the Democrat in the polls while O'Donnell trails the Democrat by 10 points.


As a student of Delaware corporate governance, I am firmly convinced that Delaware needs quality representation in Congress if it is to fend off the creeping federalization of corporate law. As a big tent Republican, I'm inclined to support smart, electable, centrists like Mike Castle over someone like O'Donnell. The perfect must not be allowed to become the enemy of the good. Especially when the supposed perfect candidate is pretty seriously flawed and probably unelectable.


This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. This post is part of Book Week at Get Rich Slowly.


Since my twin victories of paying off our last credit card and funding a summer of travel, my husband has begun to show interest in personal finance.


It’s not that he wasn’t supportive of my efforts before — he just preferred to support them from a safe, ignorant distance. A distance from which I handed him an envelope of cash each week to do the grocery shopping, he didn’t ask too many questions, and somehow we were climbing out of debt. He was more than happy to adopt any frugal-living strategy I suggested, as long as he didn’t have to think about the Big Picture.


That system worked, but I longed for more active participation from him. Not only because I wanted us to share equally in the journey toward financial freedom — I do want that — but also for a selfish reason. I wanted him to participate because he’s better at this stuff than I am. He’s a whiz at spreadsheets. The man has a Ph.d in Physical Chemistry. You don’t get one of those without doing a few math problems.


Lately, I’ve been getting my wish. My husband has been talking with a financial advisor at the university he works for, and having clear, honest conversations with me about our money.


This seemed like the perfect time for me to read Mary Hunt’s How to Debt-Proof Your Marriage.


Relationship first

Hunt’s book covers the basics of personal finance and debt destruction, with a special focus on doing it as a couple. Before she even begins talking about financial management, Hunt talks about strengthening the foundations of your marriage. You can’t have financial harmony without emotional intimacy, she says.


I couldn’t agree more. It’s clear in my own marriage that spending time relaxing together on vacation helped my husband and me both chill out and have better conversations during our family finance meetings too.


Hunt and I part ways in the chapters about how to achieve that emotional intimacy, though. She bases her prescription for marital bliss on traditional gender roles. She includes chapters for each sex on how to make deposits in the other’s Love Bank — a metaphorical bank of goodwill made of small, loving gestures.


The Love Bank is an adorable idea, one I’m tempted to put into practice here in my own home. I’m pretty sure I won’t be making my deposits to my husband’s Love Bank by biting my tongue when I disagree with him, though. Likewise, I don’t expect him to express his love for me by bringing me flowers and handling all the tough decisions for me like the natural leader of our family should.


Hunt is a generation (or two) older than I am, and what works for her marriage is so foreign to my young, feminist mind that it was actually a little hard to read. But leaving aside the details of how you get to an intimate marriage, though, she and I agree wholeheartedly that it’s important to get your emotional needs met before you can effectively work together with your spouse to manage your finances.


Money second

The personal-finance half of the book will be familiar to most GRS readers. Hunt advocates an approach similar to Your Money or Your Life and Dave Ramsey’s Total Money Makeover, one that begins with calculating your net worth and tracking your expenses. From there, she covers the basics of setting up an emergency fund, creating a spending plan, and starting a debt snowball (though she uses different terms for these steps).


Like her ideal of a healthy relationship, Hunt’s financial advice seems a little dated in places. A lot of it has to do with how to organize your three-ring binders, or how to painstakingly accomplish by-hand calculations that Mint can do for you in a few minutes. If you’re a devotee of the pen-and-paper approach, though, her chapters on how to track and plan your spending are rock solid and detailed enough to easily follow.


The one thing in this book that made me want to put it down, run to my office, and implement it on the spot was, in fact, her filing system. Hunt takes a few pages to go over exactly what personal records you should be keeping, and outlines an elegant effective way to organize them. I spent an hour tearing apart my filing cabinet yesterday as soon as I read those pages. I may not want my marriage to look much like hers, but I’m delighted to have made over my filing cabinet in Mary Hunt’s image.


Different views

There are a few areas where Mary’s financial advice deviates from the usual Get Rich Slowly formula. One is the matter of the debt snowball. She encourages readers to start saving 10% of their income towards an emergency fund immediately, while still paying the minimums on their credit cards. Only after saving up a fully funded six-month emergency fund would Hunt advise you to roll those savings into your credit card payments.


Given the relative interest rates on credit cards and savings accounts, this approach will almost certainly cost you money. If it works for you psychologically, though, by all means pursue it. No matter what order you do them in, the key steps of tracking your spending, creating an emergency fund, and snowballing your debt payments will lead you to financial security.


Another place where she breaks with conventional wisdom is in her savings and spending ratios. GRS readers are familiar with the Balanced Money Formula that encourages us to use 50% of our money for living expenses, 30% for fun and 20% for savings. Hunt advises 10% for giving, 10% for saving and 80% for spending.


The order of those percentages is vital to her. A devout Christian, Hunt feels that all the money that comes into your life is a blessing from God, and promptly giving 10% of it back to God shows you can be trusted with this blessing, and more of it will come your way.


I’m not a Christian, but I admire Mary’s faith and devotion to charitable giving. It’s a goal of mine to give 10% of my income. I’ve written about that here before, and readers made a persuasive case for waiting until my debts were paid before giving so much away. For now, I give a modest amount and look forward to giving more in the future.


I think that for Hunt, the psychological benefits of giving 10% and saving 10% before you make any spending decisions at all outweigh the financial benefits of paying off your debts as fast as possible and then beginning to accumulate and donate wealth.


It’s an interesting approach, and one that might work for a lot of people. Particularly if you’re a devoted Christian and looking for a personal-finance book that reflects your values, you’ll find a lot of good in How to Debt-Proof Your Marriage. If you’re looking for a book that’s totally focused on financial savvy and relationship skills, though, this might not be your best bet.











wyoming big white booty

After Months of Speculation, Anisette Brasserie Bids Au Revoir <b>...</b>

Unfortunately, we called it. In an additional bout of shutter news, months and months after rumors swirled that Alain Giraud's Anisette Brasserie was about to call it quits, his...

Small Business <b>News</b>: An Owner&#39;s Manual

If only there were an owner's manual that came with your small business telling you what works, what doesn't and what are the best ways to move ahead in your.

The American Spectator : Good <b>News</b>

Hard to avoid the good news these days. A few days back we learned that the war in Iraq was over. Well, sort of, anyway. The President explained that U.S. troops were done with combat but would remain in a support and advisory capacity. ...


After Months of Speculation, Anisette Brasserie Bids Au Revoir <b>...</b>

Unfortunately, we called it. In an additional bout of shutter news, months and months after rumors swirled that Alain Giraud's Anisette Brasserie was about to call it quits, his...

Small Business <b>News</b>: An Owner&#39;s Manual

If only there were an owner's manual that came with your small business telling you what works, what doesn't and what are the best ways to move ahead in your.

The American Spectator : Good <b>News</b>

Hard to avoid the good news these days. A few days back we learned that the war in Iraq was over. Well, sort of, anyway. The President explained that U.S. troops were done with combat but would remain in a support and advisory capacity. ...


big white booty

After Months of Speculation, Anisette Brasserie Bids Au Revoir <b>...</b>

Unfortunately, we called it. In an additional bout of shutter news, months and months after rumors swirled that Alain Giraud's Anisette Brasserie was about to call it quits, his...

Small Business <b>News</b>: An Owner&#39;s Manual

If only there were an owner's manual that came with your small business telling you what works, what doesn't and what are the best ways to move ahead in your.

The American Spectator : Good <b>News</b>

Hard to avoid the good news these days. A few days back we learned that the war in Iraq was over. Well, sort of, anyway. The President explained that U.S. troops were done with combat but would remain in a support and advisory capacity. ...



MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance







MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance






























manage personal finances











Generation Gap Remains



"In almost every online or mobile behavior, Gen Yers lead the adoption curve," explains Forrester, summarizing the differences between the generations. The youngest members of this group don't remember life without a mobile phone or a time when texting or email was unavailable. Gen X, despite having a longer "tech memory" than its younger counterpart, still rivals Gen Y in many areas. This slightly older group tends to use the Internet and computers more functionally. For example, 26% of Gen Xers go online for information about food and cooking, 61% use it for news, 65% use PCs to manage photos and 53% email photos at least once per month.



Boomers fall behind on the technology adoption curve, but spend more money on everything tech-related from telecom fees to online shopping purchases. Seniors, however, lag ever further behind. 80% still subscribe to a local newspaper, for instance. But in other ways, they're catching up: 40% own an HDTV, one in five uses the Internet for reading news and one quarter for travel planning.





Devices: Gen X Leads



When it comes to devices - think HDTVs, digital cameras, PCs, gaming systems - Gen X leads the way, says Forrester. Their households are the most likely to have these devices in them.



When it comes to the household PC (meaning "personal computer" not necessarily "Windows machine"), Gen X and Boomers tend to use theirs for practical matters like word processing and household finances. They're also more focused on PC health, regularly scanning for malware and backing up files.



Mobile: Gen Y Leads



Meanwhile, on the mobile front, the 49 million Gen Yers lead the other generations, using their phones for everything from product research to social communication. Along with Gen Xers, Gen Yers are the most likely group to own a smartphone with an unlimited data plan. One fifth of Gen Y uses their phone for maps and directions now, while Gen X is generally more interested in checking news, sports and weather.



85% of Gen Y sends and receives text messages, while 68% of Gen X does the same. Only 15% of Seniors use SMS, however.



37% of Gen Y surfs the mobile Web. Mobile "Facebooking" is also more popular with Gen Y, with 27% participation, compared with 18% of Gen X. Seniors on Facebook, supposedly a growing trend on the desktop, is not so prevalent on mobile - only 1% use Facebook or other social networking sites from their phone.



Overall, 23% of Gen X and Y owns a smartphone and 17% of Americans do.




Online: Gen Y Surfs, Gen X and Boomers Shop



Internet use has surpassed TV viewing for Gen Y for a few years now, but this is the first time that Gen X can say the same. Younger Boomers (45-54) also now spend equal amounts of time online versus on the Web. TV viewing still beats Web surfing for older Boomers and Seniors though.



The survey found, too, that Gen X does the most online shopping, but Younger Boomers spend the most. In fact, Boomers were the only generation that spent, on average, more than $600 online in the past three months.




Forecast: eReaders are "Device of the Year," but Few Use



Forrester says that eReaders have drawn a lot of hype over the course of the year, but in reality, only a small percentage of the population currently uses them. However, the analysts forecast that another 6.6 million will buy an eReader by year-end. 8.3 million will buy a netbook or mini PC, though, in the same time frame.



Netbook and mini-PC purchases will outpace eReader sales until 2014, when both slow to 1% growth rates. Laptops will also decline to 2% growth in 2014.



This data seems in opposition to earlier reports from NPD that stated netbook sales have gone negative. This recently led to some controversy when the Wall St. Journal quoted Best Buy CEO Brian J. Dunn remarking on the netbook's decline, saying its sales have been cannibalized by the iPad. Dunn later explained, by way of a Best Buy press release, that "the reports of the demise of [notebook and netbook] sales are grossly exaggerated." It appears that Forrester agrees with this statement, given this new report's data.





Conclusion: Gens X & Y Outpacing Others



Forrester concludes that Gens X and Y are "setting the example of how future digitally native generations will live," with both generations "outpacing Boomers and Seniors on almost everything technology-related."



Statements like these tend to rile up the tech-savvy Boomers and Seniors who read this blog, often leading outraged comments about the wrongness of the data. In this case, though, Forrester analyzed 30,064 households containing 37,226 individuals to reach these conclusions, a sample size which seems sufficient enough for this analysis. Any generation will have its outliers, of course, from the digitally-adept Grandma to the Gen Yer who refuses to Facebook. Plus, anyone reading this article is at the top of the curve, no matter what the technology in question is, we would bet.




Image credit, top: flickr user Paulo Fehlauer; charts: Forrester






















Quicken Online users will be able to manually import certain account data into Mint.com by adding Quicken Online as an account in Mint. Quicken also encourages existing customers to export their Quicken Online data as a CSV file for backup purposes. All transaction and account data will be wiped from Intuit's servers beginning on August 29.



One group for whom this transition might be a challenge is the small business users of Quicken Online, who will no longer be able to access the Web component of Quicken's Home & Business product.



Since Mint.com is geared toward personal finance, it does not currently offer a way to differeniate between personal and business transactions. For that, business customers still looking to manage their finances online might want to consider alternatives like InDinero or Outright.



The desktop versions of Quicken's products will not be affected by the change.





















big white booty statistics

If D.C. Can Leak, Why Can&#39;t WikiLeaks? « Liveshots

WASHINGTON -- Pentagon leaders seemed unfazed by classified revelations published in Bob Woodward's.

FARC commander &#39;Mono Jojoy&#39; killed - Colombia <b>news</b> | Colombia Reports

One of the FARC's most senior commanders, Mono Jojoy, was killed by Colombian state forces, several media said on Thursday. The news is not yet confirmed by the authorities.

Apple&#39;s MobileMe <b>News</b> details how iWork for iPad works with iDisk

The details were posted on MobileMe News, the blog of the MobileMe team. Windows users can point a browser to me.com/idisk and upload existing Microsoft Office documents. Once the documents are in the cloud, they can be opened from the ...


If D.C. Can Leak, Why Can&#39;t WikiLeaks? « Liveshots

WASHINGTON -- Pentagon leaders seemed unfazed by classified revelations published in Bob Woodward's.

FARC commander &#39;Mono Jojoy&#39; killed - Colombia <b>news</b> | Colombia Reports

One of the FARC's most senior commanders, Mono Jojoy, was killed by Colombian state forces, several media said on Thursday. The news is not yet confirmed by the authorities.

Apple&#39;s MobileMe <b>News</b> details how iWork for iPad works with iDisk

The details were posted on MobileMe News, the blog of the MobileMe team. Windows users can point a browser to me.com/idisk and upload existing Microsoft Office documents. Once the documents are in the cloud, they can be opened from the ...


big white booty

If D.C. Can Leak, Why Can&#39;t WikiLeaks? « Liveshots

WASHINGTON -- Pentagon leaders seemed unfazed by classified revelations published in Bob Woodward's.

FARC commander &#39;Mono Jojoy&#39; killed - Colombia <b>news</b> | Colombia Reports

One of the FARC's most senior commanders, Mono Jojoy, was killed by Colombian state forces, several media said on Thursday. The news is not yet confirmed by the authorities.

Apple&#39;s MobileMe <b>News</b> details how iWork for iPad works with iDisk

The details were posted on MobileMe News, the blog of the MobileMe team. Windows users can point a browser to me.com/idisk and upload existing Microsoft Office documents. Once the documents are in the cloud, they can be opened from the ...



MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance







MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance






























Thursday, September 23, 2010

foreclosure investing

Michael Burry, who needs no introduction, was on Bloomberg TV earlier discussing his latest investment allocation, which no longer focuses on shorting real estate via the cheapest possible instrument, and instead is going long cash assets in the form of farmable land (oddly enough, not multi apartment commercial real estate), small tech, and, yes, gold. “I believe that agriculture land -- productive
agricultural land with water on site -- will be very valuable in
the future. I’ve put a good amount of money into that
.” Burry, just like Zero Hedge, laments the surge in cross-asset correlations, which makes all hedging strategies virtually impossible, and is a primary reason for why so many rational investors have decided to depart from the market: "I’m interested in finding investments that aren’t just
simply going to float up and down with the market. The incredible correlation that we’re experiencing -- we’ve
been experiencing for a number of years -- is problematic." Lastly, Burry agrees with the Paulson-Greenspan view on gold, but not any of the other Paulson "Recovery" themes we presented in extreme detail over the weekend: "Paulson's big in gold, and that's something that is interesting to me given how I see the world playing out, but other than gold I haven't really bought into any of the other theses." (And no, you still can't eat it, dammit).

Full interview:


And a second interview in which he discusses why no one is accepting blame for the financial crisis;



 

Key quotes:

On who is to blame for the financial crisis:



“My number one concern is that there has been a complete utter total abdication of personal responsibility though out our entire society. I don’t think anyone anywhere is taking blame themselves for what they did to contribute to the crisis. And again I think it gets back to that blame game. It is the most damaging thing we can do as a country is to blame a narrow set and not look within ourselves for what each of us did or didn’t do to the basic wrong that led to this mess.”
“From the borrower to the average broker all the way to the federal reserve through Congress, the President, several Presidents, I think that this has been coming for awhile and there has been a lessening of the credit standards over a period of time that ultimately led to the kind of blow off top that we have.”

On the current housing market:

“It’s an artificial market. There are a tremendous number of homes where the home homeowner, I think it’s between 2.5 to 3 million homes, where the home homeowner are more than 9 months past due and are not giving notices that they are past due and they’re just living there for free. I actually know one that has been there for a few years without having to pay anything. I think that Fannie and Freddie are basically being used as special purpose vehicles by our government to support the housing market. The private mortgage market is practically nonexistent; 96-97% of mortgages are flowing through Fannie and Freddie now. I think Fannie and Freddie are exercising a tremendous amount of power over the market by withholding properties from sale and not forcing foreclosure, the foreclosure process. I think that it would be best for the government just completely got out of the mortgage market and let the housing, because home prices are a function of income the leverage applied.



On what he is investing in agriculture, real estate and gold:

“I believe that agricultural land, productive agricultural land with water on site, will be very valuable in the future. And I’ve put a good amount of money into that. So I’m investing in alternative investments as well as stocks.”

“I think there is some value in real estate. You have to buy it right. It’s not in general, that’s the problem. I think that there are an awful lot of people out there looking to buy these distressed properties out there and so you need to find special situations. That is how I’ve invested from the beginning. I’m looking for these special situations, these unique ideas and that’s true in real estate too.”

“In my situation I’d rather go long on housing itself, real estate itself. Depending on how you structure it, in the real market, in the physical market, you can get some pretty good deals and I’ve done some of that too.”

“Paulson is big in gold and that is something is interesting to me and given how I see the world playing out. Other than that, I’m just saying, other than gold I haven’t really bought into the other



On the danger of having more power for the Federal Reserve:

“Well, I don't feel that the economic theories and policies that got us into this mess are the same policies and theories that will get us out of this mess. And more to the point, I don't -- I'm 100 percent sure that the policies and theories that got us into this mess won't prevent the next mess from happening.

And that's probably my biggest frustration with the whole process. I don't think that -- I think with all the blame on Wall Street and all the focus on Wall Street -- the increase -- the perp walks for Wall Street -- these things, in a lot of ways, are non -- are not very productive. I think it's not very productive to blame a narrow set of individuals or a narrow set of institutions.

Nobody is taking time to blame anything that anybody in Congress did or the Fed did or the other businesses, you know, how the banks acted, how the mortgage brokers acted, how people acted, how borrowers acted. There's -- there's a lot of blame to go around. And I think this blame game being oriented entirely toward Wall Street is -- is not overall helpful.

On Goldman Sachs shutting down its proprietary trading business:

“I think that brokers should not trade for their own account in securities -- and securities that are also available to their clients. I just don't think that should be done. I think broking should be pretty boring -- safe, boring, low return business. And I think the same is true for banks. They should be very safe, solid, indestructible businesses. And so there are -- some of these seemingly Draconian measures, I think, do need to be taken.”




Michael Burry became famous for selling their own toxic waste to the investment banks before the housing downturn. Bloomberg sat down with Burry this morning in a must see interview (video attached below):


On who is to blame for the financial crisis:

“My number one concern is that there has been a complete utter total abdication of personal responsibility though out our entire society. I don’t think anyone anywhere is taking blame themselves for what they did to contribute to the crisis. And again I think it gets back to that blame game. It is the most damaging thing we can do as a country is to blame a narrow set and not look within ourselves for what each of us did or didn’t do to the basic wrong that led to this mess.”


“From the borrower to the average broker all the way to the federal reserve through Congress, the President, several Presidents, I think that this has been coming for awhile and there has been a lessening of the credit standards over a period of time that ultimately led to the kind of blow off top that we have.”


On the current housing market:


“It’s an artificial market. There are a tremendous number of homes where the home homeowner, I think it’s between 2.5 to 3 million homes, where the home homeowner are more than 9 months past due and are not giving notices that they are past due and they’re just living there for free. I actually know one that has been there for a few years without having to pay anything. I think that Fannie and Freddie are basically being used as special purpose vehicles by our government to support the housing market. The private mortgage market is practically nonexistent; 96-97% of mortgages are flowing through Fannie and Freddie now. I think Fannie and Freddie are exercising a tremendous amount of power over the market by withholding properties from sale and not forcing foreclosure, the foreclosure process. I think that it would be best for the government just completely got out of the mortgage market and let the housing, because home prices are a function of income the leverage applied.


On what he is investing in agriculture, real estate and gold:


“I believe that agricultural land, productive agricultural land with water on site, will be very valuable in the future. And I’ve put a good amount of money into that. So I’m investing in alternative investments as well as stocks.”


“I think there is some value in real estate. You have to buy it right. It’s not in general, that’s the problem. I think that there are an awful lot of people out there looking to buy these distressed properties out there and so you need to find special situations. That is how I’ve invested from the beginning. I’m looking for these special situations, these unique ideas and that’s true in real estate too.”


“In my situation I’d rather go long on housing itself, real estate itself. Depending on how you structure it, in the real market, in the physical market, you can get some pretty good deals and I’ve done some of that too.”


“Paulson is big in gold and that is something is interesting to me and given how I see the world playing out. Other than that, I’m just saying, other than gold I haven’t really bought into the other


On the danger of having more power for the Federal Reserve:


“Well, I don’t feel that the economic theories and policies that got us into this mess are the same policies and theories that will get us out of this mess.  And more to the point, I don’t — I’m 100 percent sure that the policies and theories that got us into this mess won’t prevent the next mess from happening.


And that’s probably my biggest frustration with the whole process.  I don’t think that — I think with all the blame on Wall Street and all the focus on Wall Street — the increase — the perp walks for Wall Street — these things, in a lot of ways, are non — are not very productive.  I think it’s not very productive to blame a narrow set of individuals or a narrow set of institutions.


Nobody is taking time to blame anything that anybody in Congress did or the Fed did or the other businesses, you know, how the banks acted, how the mortgage brokers acted, how people acted, how borrowers acted.  There’s — there’s a lot of blame to go around.  And I think this blame game being oriented entirely toward Wall Street is — is not overall helpful.


On Goldman Sachs shutting down its proprietary trading business:


“I think that brokers should not trade for their own account in securities — and securities that are also available to their clients.  I just don’t think that’s pa — that should be done.  I think broking should be pretty boring — safe, boring, low return business.  And I think the same is true for banks.  They should be very safe, solid, indestructible businesses.  And so there are — some of these seemingly Draconian measures, I think, do need to be taken.”


Part 1 – Where is the accountability?



Part 2 – Burry buys gold and farm land



Source: Bloomberg TV



——————————————————————————————————————————————————


The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The opinions of all guest authors or contributors can and will differ from those of Mr. Roche. These opinions do not necessarily represent the opinions or investment decisions of Mr. Roche. The author(s) may or may not have a position in any security referenced herein and may or may not seek to do business with one another or companies mentioned via this website. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.


A brief note on comments – The increase in users in recent months has resulted in an increase in unproductive comments. Any user who engages in the use of racial epithets or uses the comment section as a place to insult other users will be banned from the site. The comment section is welcome to all readers who are interested in asking pertinent questions and/or engaging in thoughtful, intelligent, and productive debate. In short, just be nice. Thanks.

Post Footer automatically generated by Add Post Footer Plugin for wordpress.



Thursday Theatre <b>News</b>: Ghost The Musical, Pet Shop Boys, London&#39;s <b>...</b>

Firstly, no groans about the Christmas news, please. If we didn't tell you what London's brilliant theatres have planned for this December, what would you have to get excited about as the nights start drawing in? ...

US committed to support Lebanon&#39;s Armed Forces - Arab <b>News</b>

At no time will Arab News attempt to alter the core meaning of a comment. 3. Reject the message, edit the message when the moderators judge it to be a personal attack, defamatory (or potentially defamatory), abusive, incite hatred or ...

United Nations general assembly – live | <b>News</b> | guardian.co.uk

Barack Obama, Mahmoud Ahmadinejad and Nick Clegg are among the world leaders in New York for the United Nations general assembly. Follow live updates here.


robert shumake

Thursday Theatre <b>News</b>: Ghost The Musical, Pet Shop Boys, London&#39;s <b>...</b>

Firstly, no groans about the Christmas news, please. If we didn't tell you what London's brilliant theatres have planned for this December, what would you have to get excited about as the nights start drawing in? ...

US committed to support Lebanon&#39;s Armed Forces - Arab <b>News</b>

At no time will Arab News attempt to alter the core meaning of a comment. 3. Reject the message, edit the message when the moderators judge it to be a personal attack, defamatory (or potentially defamatory), abusive, incite hatred or ...

United Nations general assembly – live | <b>News</b> | guardian.co.uk

Barack Obama, Mahmoud Ahmadinejad and Nick Clegg are among the world leaders in New York for the United Nations general assembly. Follow live updates here.


Michael Burry, who needs no introduction, was on Bloomberg TV earlier discussing his latest investment allocation, which no longer focuses on shorting real estate via the cheapest possible instrument, and instead is going long cash assets in the form of farmable land (oddly enough, not multi apartment commercial real estate), small tech, and, yes, gold. “I believe that agriculture land -- productive
agricultural land with water on site -- will be very valuable in
the future. I’ve put a good amount of money into that
.” Burry, just like Zero Hedge, laments the surge in cross-asset correlations, which makes all hedging strategies virtually impossible, and is a primary reason for why so many rational investors have decided to depart from the market: "I’m interested in finding investments that aren’t just
simply going to float up and down with the market. The incredible correlation that we’re experiencing -- we’ve
been experiencing for a number of years -- is problematic." Lastly, Burry agrees with the Paulson-Greenspan view on gold, but not any of the other Paulson "Recovery" themes we presented in extreme detail over the weekend: "Paulson's big in gold, and that's something that is interesting to me given how I see the world playing out, but other than gold I haven't really bought into any of the other theses." (And no, you still can't eat it, dammit).

Full interview:


And a second interview in which he discusses why no one is accepting blame for the financial crisis;



 

Key quotes:

On who is to blame for the financial crisis:



“My number one concern is that there has been a complete utter total abdication of personal responsibility though out our entire society. I don’t think anyone anywhere is taking blame themselves for what they did to contribute to the crisis. And again I think it gets back to that blame game. It is the most damaging thing we can do as a country is to blame a narrow set and not look within ourselves for what each of us did or didn’t do to the basic wrong that led to this mess.”
“From the borrower to the average broker all the way to the federal reserve through Congress, the President, several Presidents, I think that this has been coming for awhile and there has been a lessening of the credit standards over a period of time that ultimately led to the kind of blow off top that we have.”

On the current housing market:

“It’s an artificial market. There are a tremendous number of homes where the home homeowner, I think it’s between 2.5 to 3 million homes, where the home homeowner are more than 9 months past due and are not giving notices that they are past due and they’re just living there for free. I actually know one that has been there for a few years without having to pay anything. I think that Fannie and Freddie are basically being used as special purpose vehicles by our government to support the housing market. The private mortgage market is practically nonexistent; 96-97% of mortgages are flowing through Fannie and Freddie now. I think Fannie and Freddie are exercising a tremendous amount of power over the market by withholding properties from sale and not forcing foreclosure, the foreclosure process. I think that it would be best for the government just completely got out of the mortgage market and let the housing, because home prices are a function of income the leverage applied.



On what he is investing in agriculture, real estate and gold:

“I believe that agricultural land, productive agricultural land with water on site, will be very valuable in the future. And I’ve put a good amount of money into that. So I’m investing in alternative investments as well as stocks.”

“I think there is some value in real estate. You have to buy it right. It’s not in general, that’s the problem. I think that there are an awful lot of people out there looking to buy these distressed properties out there and so you need to find special situations. That is how I’ve invested from the beginning. I’m looking for these special situations, these unique ideas and that’s true in real estate too.”

“In my situation I’d rather go long on housing itself, real estate itself. Depending on how you structure it, in the real market, in the physical market, you can get some pretty good deals and I’ve done some of that too.”

“Paulson is big in gold and that is something is interesting to me and given how I see the world playing out. Other than that, I’m just saying, other than gold I haven’t really bought into the other



On the danger of having more power for the Federal Reserve:

“Well, I don't feel that the economic theories and policies that got us into this mess are the same policies and theories that will get us out of this mess. And more to the point, I don't -- I'm 100 percent sure that the policies and theories that got us into this mess won't prevent the next mess from happening.

And that's probably my biggest frustration with the whole process. I don't think that -- I think with all the blame on Wall Street and all the focus on Wall Street -- the increase -- the perp walks for Wall Street -- these things, in a lot of ways, are non -- are not very productive. I think it's not very productive to blame a narrow set of individuals or a narrow set of institutions.

Nobody is taking time to blame anything that anybody in Congress did or the Fed did or the other businesses, you know, how the banks acted, how the mortgage brokers acted, how people acted, how borrowers acted. There's -- there's a lot of blame to go around. And I think this blame game being oriented entirely toward Wall Street is -- is not overall helpful.

On Goldman Sachs shutting down its proprietary trading business:

“I think that brokers should not trade for their own account in securities -- and securities that are also available to their clients. I just don't think that should be done. I think broking should be pretty boring -- safe, boring, low return business. And I think the same is true for banks. They should be very safe, solid, indestructible businesses. And so there are -- some of these seemingly Draconian measures, I think, do need to be taken.”




Michael Burry became famous for selling their own toxic waste to the investment banks before the housing downturn. Bloomberg sat down with Burry this morning in a must see interview (video attached below):


On who is to blame for the financial crisis:

“My number one concern is that there has been a complete utter total abdication of personal responsibility though out our entire society. I don’t think anyone anywhere is taking blame themselves for what they did to contribute to the crisis. And again I think it gets back to that blame game. It is the most damaging thing we can do as a country is to blame a narrow set and not look within ourselves for what each of us did or didn’t do to the basic wrong that led to this mess.”


“From the borrower to the average broker all the way to the federal reserve through Congress, the President, several Presidents, I think that this has been coming for awhile and there has been a lessening of the credit standards over a period of time that ultimately led to the kind of blow off top that we have.”


On the current housing market:


“It’s an artificial market. There are a tremendous number of homes where the home homeowner, I think it’s between 2.5 to 3 million homes, where the home homeowner are more than 9 months past due and are not giving notices that they are past due and they’re just living there for free. I actually know one that has been there for a few years without having to pay anything. I think that Fannie and Freddie are basically being used as special purpose vehicles by our government to support the housing market. The private mortgage market is practically nonexistent; 96-97% of mortgages are flowing through Fannie and Freddie now. I think Fannie and Freddie are exercising a tremendous amount of power over the market by withholding properties from sale and not forcing foreclosure, the foreclosure process. I think that it would be best for the government just completely got out of the mortgage market and let the housing, because home prices are a function of income the leverage applied.


On what he is investing in agriculture, real estate and gold:


“I believe that agricultural land, productive agricultural land with water on site, will be very valuable in the future. And I’ve put a good amount of money into that. So I’m investing in alternative investments as well as stocks.”


“I think there is some value in real estate. You have to buy it right. It’s not in general, that’s the problem. I think that there are an awful lot of people out there looking to buy these distressed properties out there and so you need to find special situations. That is how I’ve invested from the beginning. I’m looking for these special situations, these unique ideas and that’s true in real estate too.”


“In my situation I’d rather go long on housing itself, real estate itself. Depending on how you structure it, in the real market, in the physical market, you can get some pretty good deals and I’ve done some of that too.”


“Paulson is big in gold and that is something is interesting to me and given how I see the world playing out. Other than that, I’m just saying, other than gold I haven’t really bought into the other


On the danger of having more power for the Federal Reserve:


“Well, I don’t feel that the economic theories and policies that got us into this mess are the same policies and theories that will get us out of this mess.  And more to the point, I don’t — I’m 100 percent sure that the policies and theories that got us into this mess won’t prevent the next mess from happening.


And that’s probably my biggest frustration with the whole process.  I don’t think that — I think with all the blame on Wall Street and all the focus on Wall Street — the increase — the perp walks for Wall Street — these things, in a lot of ways, are non — are not very productive.  I think it’s not very productive to blame a narrow set of individuals or a narrow set of institutions.


Nobody is taking time to blame anything that anybody in Congress did or the Fed did or the other businesses, you know, how the banks acted, how the mortgage brokers acted, how people acted, how borrowers acted.  There’s — there’s a lot of blame to go around.  And I think this blame game being oriented entirely toward Wall Street is — is not overall helpful.


On Goldman Sachs shutting down its proprietary trading business:


“I think that brokers should not trade for their own account in securities — and securities that are also available to their clients.  I just don’t think that’s pa — that should be done.  I think broking should be pretty boring — safe, boring, low return business.  And I think the same is true for banks.  They should be very safe, solid, indestructible businesses.  And so there are — some of these seemingly Draconian measures, I think, do need to be taken.”


Part 1 – Where is the accountability?



Part 2 – Burry buys gold and farm land



Source: Bloomberg TV



——————————————————————————————————————————————————


The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The opinions of all guest authors or contributors can and will differ from those of Mr. Roche. These opinions do not necessarily represent the opinions or investment decisions of Mr. Roche. The author(s) may or may not have a position in any security referenced herein and may or may not seek to do business with one another or companies mentioned via this website. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.


A brief note on comments – The increase in users in recent months has resulted in an increase in unproductive comments. Any user who engages in the use of racial epithets or uses the comment section as a place to insult other users will be banned from the site. The comment section is welcome to all readers who are interested in asking pertinent questions and/or engaging in thoughtful, intelligent, and productive debate. In short, just be nice. Thanks.

Post Footer automatically generated by Add Post Footer Plugin for wordpress.




Jim, Kevin and Mike in Phoenix, Arizona by mwinvesting


robert shumake

Thursday Theatre <b>News</b>: Ghost The Musical, Pet Shop Boys, London&#39;s <b>...</b>

Firstly, no groans about the Christmas news, please. If we didn't tell you what London's brilliant theatres have planned for this December, what would you have to get excited about as the nights start drawing in? ...

US committed to support Lebanon&#39;s Armed Forces - Arab <b>News</b>

At no time will Arab News attempt to alter the core meaning of a comment. 3. Reject the message, edit the message when the moderators judge it to be a personal attack, defamatory (or potentially defamatory), abusive, incite hatred or ...

United Nations general assembly – live | <b>News</b> | guardian.co.uk

Barack Obama, Mahmoud Ahmadinejad and Nick Clegg are among the world leaders in New York for the United Nations general assembly. Follow live updates here.


robert shumake

Thursday Theatre <b>News</b>: Ghost The Musical, Pet Shop Boys, London&#39;s <b>...</b>

Firstly, no groans about the Christmas news, please. If we didn't tell you what London's brilliant theatres have planned for this December, what would you have to get excited about as the nights start drawing in? ...

US committed to support Lebanon&#39;s Armed Forces - Arab <b>News</b>

At no time will Arab News attempt to alter the core meaning of a comment. 3. Reject the message, edit the message when the moderators judge it to be a personal attack, defamatory (or potentially defamatory), abusive, incite hatred or ...

United Nations general assembly – live | <b>News</b> | guardian.co.uk

Barack Obama, Mahmoud Ahmadinejad and Nick Clegg are among the world leaders in New York for the United Nations general assembly. Follow live updates here.

















Wednesday, September 22, 2010

Making Money Ideas

This series is supported by RingCentral, the leading business phone system designed for today’s small businesses, entrepreneurs, and mobile professionals. Visit RingCentral.com to learn more.

Finding the right workspace is like dating — the class='blippr-nobr'>Internetclass="blippr-nobr">Internet has made it a lot more complex. In essence, this means more options.

Whereas the traditional office once served as the default choice for effective communication and collaboration between coworkers, today’s businesses can be just as productive by collaborating on the web, with as little as $10 and a Google account. Entrepreneurs operate from coffee shops, kitchen tables, and coworking spaces in addition to the traditional office.

We asked three entrepreneurs with drastically different office strategies for their advice on choosing a workspace. Read on for their tips and add your own in the comments below.

What Kind of Office is Best to Start In?

“When you’re starting out, you should absolutely not be spending money on rent,” says Jason Fried, the founder of web-based software company 37signals. “It’s a huge waste of money.”

After Fried started 37signals, he and the other two employees working for the company at the time shared a room with another business. “Basically we had a corner of a desk,” he jokes. Assuming you can find another company that is willing to share, teaming up on a space saves cash while still providing a place to work away from the distractions of home.

Others see value in setting up their own offices from the get-go. After a brief stint at the virtual office, Anthony Franco chose a house in Denver to set up his company, EffectiveUI. It wasn’t an ideal workspace, but he got a deal on the rent. New employees were often greeted on their first day with an Allen wrench, to be used for assembling their own desks.

“We started at home, but if we were going to handle demand, we needed to have a place where we could come and work,” Franco said. He added that the extra value of being able to work as a team (in person) more than made up for the cost of an office.

While the lease route worked out well for EffectiveUI, there’s a certain amount of risk involved with jumping into your own space too soon.

“Most commercial leases are for three to four years, and so if you’re small and you’re starting out and you’ve got a couple people, you’re making way too much of a commitment,” Fried argues. “You don’t know where you’re going to be in three years.”

Is Coworking Right for Your Business?

One modern compromise between working completely virtually and committing to a lease is working at a coworking space. These office spaces provide a work environment and an alternative to coffee shops for independent workers.

Campbell McKellar discovered the value of coworking spaces when the company she worked for left their expensive traditional office and started working virtually. The move allowed her to work from anywhere, and she chose Maine. “I was trying to do work in a cottage with family members and dogs running around,” she said. “I loved being fully mobile and independent, but I also wanted to have a platform to do my work.”

LooseCubes, the company McKellar founded in May, runs a website that matches independent workers with coworking spaces and spare desks in other companies. Quite appropriately, it’s currently being run out of a coworking space. McKellar says that working from the space has helped her launch.

“Especially if you’re in a creative business, the best way to get ideas is to meet new people,” she says. “You can get stale by talking to the same five people every day.”

Coworking allows McKellar to “unintentionally network” with the other people in the space, to seek advice from other entrepreneurs, and to host meetings and work with her team at a place that isn’t her living room.

On the other hand, coworking has its challenges and might not be a great fit for every company. Coworking spaces can be distracting, and most of them are set up in a way that requires people making phone calls to seek silence in the hallway.

“For us, quiet and privacy is very important,” Fried says. “So, coworking spaces and coffee shops don’t work for us.”

McKellar admits that on days when she’s “under the gun,” she chooses to work at home. And there is a point at which a company outgrows a coworking space. LooseCubes, for instance, plans to move to its own office space sometime in the next three months.

When Should a Company Transition to a Traditional Office?

“We need to be in a room with a whiteboard that isn’t erased every day, where we can have a conference call in an open environment,” McKellar says of her hopes for transitioning to an office space. Before she commits, however, she wants to wait to see how her site’s public launch goes. In the meantime, she’s renting a room at a Manhattan coworking space called New Work City.

All companies should do something along these lines before committing to a lease, Fried says. “You don’t know if you’re going to be successful,” he says. “And if you are, you might need more space than you have right now…You don’t want to lock yourself into anything when you’re getting started. You want to be as flexible as you possibly can.”

For some people, this means staying virtual for as long as possible. For others like McKellar, it means launching from a coworking space. For Fried’s 37signals, which is based in Chicago but has employees in 11 cities, it meant working from a variety of shared office spaces for about ten years before finally opting for an office of its own in August.

But how do you know when it’s time to make the switch?

One obvious factor is space: “We were only able to rent five or six desks in our last office,” Fried says. “We had nine people in Chicago. We were out of desks at six. So everyone couldn’t come in at the same time, and that was problem.”

Another factor is work environment. If the space you are working in is interfering with your work, it might also be time to opt for an environment you can control. “We work very quietly,” explains Fried. “So our whole thing is be as quiet as possible, don’t talk throughout the day, just have a very quiet setting like a library…You can’t impose those kinds of rules on another company, especially if it’s the other company’s space.”

What are the Benefits of a Traditional Office?

For EffectiveUI, the traditional office was always a great fit. Having grown from a couple of founders to 100 employees since 2005, the company long ago left its house-office behind. They now work from a 12,000-square-foot office space.

But both spaces fulfilled the same requirements: “Whiteboarding, talking with each other and eating lunch together: It’s part of the team culture,” Franco says.

The more traditional office, however, has given him some additional perks. “We have clients come to visit us. We’re able to brand the building and the space, and when people come they can see we’re a real business,” he says.

A lot of people associate traditional offices with being trapped in a cubicle, but Franco maintains that it doesn’t have to be that way. “Just get creative and make it fun, but also give everyone a place to go,” he says.

Can I Have an Untraditional Traditional Office?

Fried thinks of his new office as more of a home base than a traditional office. Employees are free to work at home whenever they want, and half of the company still works in other cities.

“We feel that a combination of both is the best route,” Fried says. “Because we all do want to get together occasionally, and sometimes small teams of five or six people want to get together for a while.”

The home base strategy combines the benefits of virtual and traditional workspaces. When people want to work from another city or find they work better in their pajamas, they can stay home. When they need to collaborate or want to get out of the house, they have a great place to work.

“Our office is highly customized for the way we work,” says Fried. For instance, it has soundproof walls, phone booths for people to make uninterrupted calls, and rooms for small teams.

Most employees who work from Chicago come into the new office about three or four days a week. “We want people to work wherever they work best,” Fried says.

What are your tips for choosing a workspace? Add them in the comments below.

Series supported by RingCentral

This series is supported by RingCentralclass="blippr-nobr">RingCentral. Power your business with a phone system designed to meet the needs of today’s small businesses, entrepreneurs, and mobile professionals. With RingCentral, you can take control of your phone system anywhere — using your existing phones, smartphones, or PCs. Sign up today for a special 60-day free trial.

More Startup Resources from Mashable:

- 8 Funding Contests to Kick Start Your Big Idea/> - HOW TO: Run Your Business Online with $10 and a Google Account/> - 5 Startup Tips From the Father of Gmail and FriendFeed/> - 6 Ways to Recruit Talent for Startups/> - 10 Essential Tips for Building Your Small Biz Team

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, francisblack

For more Business coverage:

    class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world.


WASHINGTON/POLITICAL

For the latest political news:  www.CNNPolitics.com


CNN: Obama: GOP relying on fear, frustration instead of offering new ideas

With Tea Party protesters gathered outside, President Barack Obama said Thursday he understood the anger and frustration in the country but insisted his policies would move the nation forward. Speaking at a fundraiser for Richard Blumenthal, the Democratic U.S. Senate candidate in Connecticut, Obama said Republicans and special interests were spending millions on negative ads against Democrats instead of offering any new ideas or proposals to spur economic recovery and job creation.



CNN: Pelosi Sends Mixed Messages on Tax Cuts, Clarifies Her Position

House Speaker Nancy Pelosi seemed to send mixed messages Thursday about whether she is open to extending the Bush era tax cuts for the wealthy. Numerous times in her weekly press conference she strongly argued against the tax cuts for Americans making more than $250,000. … But responding to a question about whether there is any chance the top tax bracket tax cuts will be renewed, she appeared to not rule it out. "The only thing I can tell you is that the tax cuts for the middle class will be extended this Congress."


The Hill: Maxine Waters's aides are expelled from event of Speaker Pelosi's

Three staffers working for embattled Rep. Maxine Waters (D-Calif.) were asked by security officers to leave an event in downtown Washington on Thursday after they tried to display large campaign signs just as House Speaker Nancy Pelosi (D-Calif.) was about to speak. The aides were holding lawn signs that defended Waters from the ethics charges she is facing in the House.


Politico: John Boehner: No government shutdown under GOP control

House Minority Leader John Boehner (R-Ohio) rejected the idea that Republicans will shut down the government if they come to a legislative impasse with President Barack Obama, even as some conservative activists have predicted and even pushed a shutdown next year. “Our goal is to have a smaller, less costly, and more accountable government here in Washington DC. Our goal is not to shut down the government,” he said.


Los Angeles Times: No winning in economy blame game

Democrat Lee Fisher knows exactly who's to blame for Ohio's 10.3% unemployment rate: It was George W. Bush who dug the state's economic hole, he tells voters, and one of those shoveling right alongside him was Rob Portman. "He helped create the recession," Fisher says of his Republican rival for the U.S. Senate. But Peggy Swope, for one, isn't so sure. There are plenty of reasons the economy tanked, says the 68-year-old independent, and it's not like Obama has done such a great job turning things around. "He was so fixated doing what he thought he needed to do on healthcare that he let everything else go," said Swope, a Columbus retiree.


Washington Post: The 'tea party' gears up for 2012

The playbook for winning the Republican presidential nomination begins with a set of inviolable rules: Start early, raise millions, build an organization, and trudge across the country seeking the blessing of mayors and money men. But in a world where the most careful plans can be rendered obsolete by a Sarah Palin tweet (see: Primary, Delaware), many in the party have begun to question whether those old, pre-"tea party" rules still apply.


CNN: Ousted in GOP primary, senator seeks advice from colleagues

A day before she declares whether she will mount a write-in candidacy to preserve her Senate seat, Alaska Republican Sen. Lisa Murkowski spent several hours in and around the Senate chamber Thursday talking with her colleagues about the difficult decision she faces. After unexpectedly losing the Republican primary to Tea Party-backed Joe Miller, Murkowski is scheduled to be in Alaska Friday to announce whether she run in the general election.


CNN: Dana Bash: Snowe sounds off

Few Republican lawmakers were as stung by Rep. Mike Castle's surprising loss to his conservative GOP opponent as Maine Republican Sen. Olympia Snowe. In a hallway just off the Senate floor Thursday afternoon, she sounded off about her place as a moderate in the GOP, and voter anger she says she understands. Visibly sad, Snowe called Castle "an outstanding public servant who was committed to the common good of his state and country."


CNN: O'Donnell's post-primary fundraising nears a million

Christine O'Donnell's campaign tells CNN it raised $850,000 in the first 24 hours after her upset victory in the Delaware Republican senatorial primary. Spokeswoman Michelle Lauren says the campaign's website crashed Tuesday night due to the large amount of traffic generated in the wake of her surprise win. The site went back up Thursday morning, she says.


CNN: Delaware Senate candidates set the stage for November

Delaware voters were treated to a markedly different tone Thursday night as they watched their two Senate candidates together for the first time since the primaries. During a candidate's forum, Republican Christine O'Donnell and Democrat Chris Coons displayed little of the animosity that came to define O'Donnell's bitter primary battle with Rep. Mike Castle. Rather, the night was marked by polite discourse and even agreement as the two candidates sought to lay out their position on many key issues.


CNN: Biden to Delaware Friday to help Coons

Vice President Joe Biden's heading home to Delaware to try and help keep his old Senate seat in Democratic Party hands. The vice president is scheduled to appear with New Castle County Executive Chris Coons, the Democrat's Senate nominee in Delaware, at an event in Wilmington Friday, according to a Thursday evening e-mail from the Coons campaign.


CNN: Clinton talks tea party

Secretary of State Hillary Clinton spoke out about the Tea Party movement Thursday, drawing a contrast between the rhetoric of campaigns and how candidates eventually govern. …"When they have the burden of holding office and the responsibility that goes with it, I've seen them become very sobered very quickly," Clinton said. "Sometimes the poetry can get kind of hot and a little over the top, but the prose brings you down to earth."


CNN: Jimmy Carter blames Ted Kennedy for health care delay

The late Sen. Ted Kennedy is widely hailed for devoting his political career to the cause of providing health care to all Americans. But in an interview set to air on 60 Minutes Sunday, former President Jimmy Carter says Kennedy is the one to blame for delaying legislation to provide such care. "The fact is that we would have had comprehensive health care now, had it not been for Ted Kennedy's deliberately blocking the legislation that I proposed," Carter told CBS correspondent Lesley Stahl. "It was his fault. Ted Kennedy killed the bill."


Los Angeles Times: Wall Street ties are a major player in midterm election

As Democrats seek to focus voter attention on the nation's economic problems that existed before President Obama took over, they have begun wielding a sharp new tool: the Wall Street reform law and Republican opposition to it. Large GOP gains in Congress could allow Republicans to hinder, or in some cases block, the ability of regulators to implement the law's stricter oversight of the financial industry.


CNN: Midterm TV ad spending could top $1 billion

Nearly $285 million was spent by Democrats, Republicans and advocacy groups on political television commercials in the 2010 primaries, and when the dust settles on this midterm election, the final tally could reach $1 billion. Evan Tracey, president of Campaign Media Analysis, notes history shows that three quarters of the money spent on political TV ads occurs in the final 60 days of the campaign.


Miami Herald: Crist lashes out at U.S. Senate race opponent Marco Rubio

Under attack on television and losing traction in the U.S. Senate race, Gov. Charlie Crist lashed out Thursday at front-runner Marco Rubio for his spending with a Republican party credit card and for trying to stuff "pork" into the state budget. Rubio periodically used his party-issued American Express card to pick up personal expenses, though he says he later covered them.


CNN: Whitman sets all-time spending record

Former eBay chief executive and current California gubernatorial candidate, Meg Whitman, has broken the all-time personal spending record for an American political candidate, dishing out $119 million in her bid for the governors mansion. Whitman who is running against Democratic opponent Jerry Brown, surpassed the previous self-financed campaign record of $109 million dollars set by New York Mayor Michael Bloomberg on his 2009 reelection campaign.


NATIONAL

For the latest national news:  www.CNN.com


CNN: BP completes relief well in Gulf of Mexico

BP has completed work on a relief well that will allow the oil giant to permanently seal the well at the heart of the Gulf oil disaster, the government's commander in charge of overseeing response to the spill said. "Through a combination of sensors embedded in the drilling equipment and sophisticated instrumentation ... BP engineers and the federal science team have concluded that the Development Driller III relief well has intersected the Macondo well," said Thad Allen, the appointed national incident commander, in a statement released late Thursday.


CNN: Bitten, shot, spat on: Violence in hospitals common for staff

A gunman critically injured a doctor at Johns Hopkins Hospital in Baltimore, Maryland, and later killed himself and his mother, police say - the latest violent incident in a health care setting. Hospitals are pressure cookers as people are often distressed, mentally disturbed or intoxicated by drugs or alcohol in a highly stressful environment. All of these factors pose possible dangers to health care workers.


CNN Money: Lifelines for the poor are disappearing

With more people than ever living in poverty, the government's unprecedented effort to strengthen the safety net for needy Americans is running out. Washington has spent tens of billions of dollars since the start of 2009 on programs to help feed the poor, house the homeless and support the unemployed. But much of this money has been used up or is about to expire in coming weeks and months.


USA Today: Number of uninsured Americans rises to 50.7 million

A record rise in the number of people without health insurance across the nation is fueling renewed debate over a health care law that could to work better at boosting coverage than controlling costs. More than 50 million people were uninsured last year, almost one in six U.S. residents, the Census Bureau reported Thursday. The percentage with private insurance was the lowest since the government began keeping data in 1987.


Austin-American Statesman: State hammers EPA on science of global warming

Essentially putting global warming science on trial, Texas officials on Thursday expanded their arguments in a lawsuit meant to prevent the federal regulation of greenhouse gases. In motions submitted Thursday to the U.S. Court of Appeals for the D.C. Circuit, Texas Attorney General Greg Abbott accused the federal Environmental Protection Agency of relying on faulty science for its proposals to regulate greenhouse gases.


Washington Post: U.S. cybersecurity plans lagging, critics say

More than a year after President Obama made a White House speech proclaiming that the protection of computer networks was a national priority, the federal government is still grappling with key questions about how to secure its computer systems as well as private networks deemed critical to U.S. security.


INTERNATIONAL

For the latest international news:  http://edition.cnn.com


CNN: Clinton pushes extended West Bank construction moratorium

Secretary of State Hillary Clinton has proposed a three-month extension of Israel's construction moratorium on the West Bank, a diplomatic source told CNN Thursday. The proposal, which was made this week during Middle East peace talks being held in the region, was accepted by Palestinian Authority President Mahmoud Abbas, but essentially rejected by Israeli Prime Minister Benjamin Netanyahu. The two sides appear to be at a stalemate, the source said.


CNN: Pope addresses sex abuse scandal as he starts visit to Britain

The Roman Catholic Church has not been vigilant enough or fast enough in responding to the problem of sexual abuse by priests, Pope Benedict XVI said Thursday. "These revelations were for me a shock and a great sadness. It is difficult to understand how this perversion of the priestly ministry was possible," he told reporters aboard his plane to Scotland. "How a man who has done this and said this can fall into this perversion is difficult to understand."


Christian Science Monitor: Haiti election commission under scrutiny for ties to President René Préval

As Haiti gears up for its first-ever internationally televised presidential debate Saturday, confidence in the government’s ability to hold a credible poll is being undermined by allegations that President René Préval is attempting to sway the election.Details of an Aug. 16 meeting between Mr. Préval and members of Haiti’s election commission (CEP) has observers questioning whether the CEP rejected candidates based on politics instead of the Constitution.


Washington Post: As Cuba gives capitalism a try, experts ponder future

As Cuba embarks on a bold new experiment – firing 500,000 state workers and letting them plunge into freer markets – experts in the region are watching to see whether the communist government and its baby entrepreneurs can salvage the economy without sacrificing the nation's "socialism or death" model.


BUSINESS

For the latest business news:  www.CNNMoney.com


Detroit Free Press: GM CEO Akerson okay with U.S. government role, for now

Unlike his predecessor, General Motors CEO Dan Akerson says he knows the government will be a shareholder even after the initial public stock offering. And for a few years, that is OK with him. "I do think we have the goodwill of many American consumers," he told reporters Thursday. Still, he conceded, "I don't think any investor group has infinite patience."


Wall Street Journal: FedEx 1Q More Than Doubles; 2Q View Cautious

FedEx Corp. (FDX) said Thursday that fiscal first-quarter profit more than doubled and raised its full-year financial guidance, though international volume fell slightly short of expectations and the company announced a charge to restructure its domestic trucking business. The U.S.-based shipping giant also forecast "a phase of somewhat slower economic growth going forward" than earlier in the calendar year, although Chief Executive Fred Smith stressed that he views the trend as indicative of a normal economic cycle rather than precursor to a double-dip recession.


In Case You Missed It


CNN's Brian Todd looks at reverberations within the GOP after Christine O'Donnell's win in the Delaware primary.

http://www.cnn.com/video/#/video/politics/2010/09/16/pkg.todd.odonnell.and.gop.cnn


N.Y. Gubernatorial Candidate, Carl Paladino discusses his stance on specific issues.

http://www.cnn.com/video/#/video/politics/2010/09/17/ac.paladino.intv.issues.cnn


Subscribe to the CNN=Politics DAILY podcast at http://www.cnn.com/politicalpodcast


And now stay posted on the latest from the campaign trail by downloading the CNN=Politics SCREENSAVER at http://www.CNN.com/situationroom



Facebook claims 200 million gamers <b>News</b> - Page 1 | Eurogamer.net

Read our news of Facebook claims 200 million gamers.

Homosexual advocacy group not legitimately Catholic, military <b>...</b>

After receiving a letter from the group Catholics for Equality urging a change to the “Don't Ask, Don't Tell” policy, the Archbishop for Military Services responded, saying that the archdiocese's position is “clear.

Facebook Making Changes to <b>News</b> Feed, Requests, Bookmarks to <b>...</b>

After the changes take effect, people who do not play games will no longer see news feed stories from friends who do play games — same goes for any other third-party app. Because news feed stories were a main way that people found games ...


robert shumake

Facebook claims 200 million gamers <b>News</b> - Page 1 | Eurogamer.net

Read our news of Facebook claims 200 million gamers.

Homosexual advocacy group not legitimately Catholic, military <b>...</b>

After receiving a letter from the group Catholics for Equality urging a change to the “Don't Ask, Don't Tell” policy, the Archbishop for Military Services responded, saying that the archdiocese's position is “clear.

Facebook Making Changes to <b>News</b> Feed, Requests, Bookmarks to <b>...</b>

After the changes take effect, people who do not play games will no longer see news feed stories from friends who do play games — same goes for any other third-party app. Because news feed stories were a main way that people found games ...


This series is supported by RingCentral, the leading business phone system designed for today’s small businesses, entrepreneurs, and mobile professionals. Visit RingCentral.com to learn more.

Finding the right workspace is like dating — the class='blippr-nobr'>Internetclass="blippr-nobr">Internet has made it a lot more complex. In essence, this means more options.

Whereas the traditional office once served as the default choice for effective communication and collaboration between coworkers, today’s businesses can be just as productive by collaborating on the web, with as little as $10 and a Google account. Entrepreneurs operate from coffee shops, kitchen tables, and coworking spaces in addition to the traditional office.

We asked three entrepreneurs with drastically different office strategies for their advice on choosing a workspace. Read on for their tips and add your own in the comments below.

What Kind of Office is Best to Start In?

“When you’re starting out, you should absolutely not be spending money on rent,” says Jason Fried, the founder of web-based software company 37signals. “It’s a huge waste of money.”

After Fried started 37signals, he and the other two employees working for the company at the time shared a room with another business. “Basically we had a corner of a desk,” he jokes. Assuming you can find another company that is willing to share, teaming up on a space saves cash while still providing a place to work away from the distractions of home.

Others see value in setting up their own offices from the get-go. After a brief stint at the virtual office, Anthony Franco chose a house in Denver to set up his company, EffectiveUI. It wasn’t an ideal workspace, but he got a deal on the rent. New employees were often greeted on their first day with an Allen wrench, to be used for assembling their own desks.

“We started at home, but if we were going to handle demand, we needed to have a place where we could come and work,” Franco said. He added that the extra value of being able to work as a team (in person) more than made up for the cost of an office.

While the lease route worked out well for EffectiveUI, there’s a certain amount of risk involved with jumping into your own space too soon.

“Most commercial leases are for three to four years, and so if you’re small and you’re starting out and you’ve got a couple people, you’re making way too much of a commitment,” Fried argues. “You don’t know where you’re going to be in three years.”

Is Coworking Right for Your Business?

One modern compromise between working completely virtually and committing to a lease is working at a coworking space. These office spaces provide a work environment and an alternative to coffee shops for independent workers.

Campbell McKellar discovered the value of coworking spaces when the company she worked for left their expensive traditional office and started working virtually. The move allowed her to work from anywhere, and she chose Maine. “I was trying to do work in a cottage with family members and dogs running around,” she said. “I loved being fully mobile and independent, but I also wanted to have a platform to do my work.”

LooseCubes, the company McKellar founded in May, runs a website that matches independent workers with coworking spaces and spare desks in other companies. Quite appropriately, it’s currently being run out of a coworking space. McKellar says that working from the space has helped her launch.

“Especially if you’re in a creative business, the best way to get ideas is to meet new people,” she says. “You can get stale by talking to the same five people every day.”

Coworking allows McKellar to “unintentionally network” with the other people in the space, to seek advice from other entrepreneurs, and to host meetings and work with her team at a place that isn’t her living room.

On the other hand, coworking has its challenges and might not be a great fit for every company. Coworking spaces can be distracting, and most of them are set up in a way that requires people making phone calls to seek silence in the hallway.

“For us, quiet and privacy is very important,” Fried says. “So, coworking spaces and coffee shops don’t work for us.”

McKellar admits that on days when she’s “under the gun,” she chooses to work at home. And there is a point at which a company outgrows a coworking space. LooseCubes, for instance, plans to move to its own office space sometime in the next three months.

When Should a Company Transition to a Traditional Office?

“We need to be in a room with a whiteboard that isn’t erased every day, where we can have a conference call in an open environment,” McKellar says of her hopes for transitioning to an office space. Before she commits, however, she wants to wait to see how her site’s public launch goes. In the meantime, she’s renting a room at a Manhattan coworking space called New Work City.

All companies should do something along these lines before committing to a lease, Fried says. “You don’t know if you’re going to be successful,” he says. “And if you are, you might need more space than you have right now…You don’t want to lock yourself into anything when you’re getting started. You want to be as flexible as you possibly can.”

For some people, this means staying virtual for as long as possible. For others like McKellar, it means launching from a coworking space. For Fried’s 37signals, which is based in Chicago but has employees in 11 cities, it meant working from a variety of shared office spaces for about ten years before finally opting for an office of its own in August.

But how do you know when it’s time to make the switch?

One obvious factor is space: “We were only able to rent five or six desks in our last office,” Fried says. “We had nine people in Chicago. We were out of desks at six. So everyone couldn’t come in at the same time, and that was problem.”

Another factor is work environment. If the space you are working in is interfering with your work, it might also be time to opt for an environment you can control. “We work very quietly,” explains Fried. “So our whole thing is be as quiet as possible, don’t talk throughout the day, just have a very quiet setting like a library…You can’t impose those kinds of rules on another company, especially if it’s the other company’s space.”

What are the Benefits of a Traditional Office?

For EffectiveUI, the traditional office was always a great fit. Having grown from a couple of founders to 100 employees since 2005, the company long ago left its house-office behind. They now work from a 12,000-square-foot office space.

But both spaces fulfilled the same requirements: “Whiteboarding, talking with each other and eating lunch together: It’s part of the team culture,” Franco says.

The more traditional office, however, has given him some additional perks. “We have clients come to visit us. We’re able to brand the building and the space, and when people come they can see we’re a real business,” he says.

A lot of people associate traditional offices with being trapped in a cubicle, but Franco maintains that it doesn’t have to be that way. “Just get creative and make it fun, but also give everyone a place to go,” he says.

Can I Have an Untraditional Traditional Office?

Fried thinks of his new office as more of a home base than a traditional office. Employees are free to work at home whenever they want, and half of the company still works in other cities.

“We feel that a combination of both is the best route,” Fried says. “Because we all do want to get together occasionally, and sometimes small teams of five or six people want to get together for a while.”

The home base strategy combines the benefits of virtual and traditional workspaces. When people want to work from another city or find they work better in their pajamas, they can stay home. When they need to collaborate or want to get out of the house, they have a great place to work.

“Our office is highly customized for the way we work,” says Fried. For instance, it has soundproof walls, phone booths for people to make uninterrupted calls, and rooms for small teams.

Most employees who work from Chicago come into the new office about three or four days a week. “We want people to work wherever they work best,” Fried says.

What are your tips for choosing a workspace? Add them in the comments below.

Series supported by RingCentral

This series is supported by RingCentralclass="blippr-nobr">RingCentral. Power your business with a phone system designed to meet the needs of today’s small businesses, entrepreneurs, and mobile professionals. With RingCentral, you can take control of your phone system anywhere — using your existing phones, smartphones, or PCs. Sign up today for a special 60-day free trial.

More Startup Resources from Mashable:

- 8 Funding Contests to Kick Start Your Big Idea/> - HOW TO: Run Your Business Online with $10 and a Google Account/> - 5 Startup Tips From the Father of Gmail and FriendFeed/> - 6 Ways to Recruit Talent for Startups/> - 10 Essential Tips for Building Your Small Biz Team

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, francisblack

For more Business coverage:

    class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad

The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world.


WASHINGTON/POLITICAL

For the latest political news:  www.CNNPolitics.com


CNN: Obama: GOP relying on fear, frustration instead of offering new ideas

With Tea Party protesters gathered outside, President Barack Obama said Thursday he understood the anger and frustration in the country but insisted his policies would move the nation forward. Speaking at a fundraiser for Richard Blumenthal, the Democratic U.S. Senate candidate in Connecticut, Obama said Republicans and special interests were spending millions on negative ads against Democrats instead of offering any new ideas or proposals to spur economic recovery and job creation.



CNN: Pelosi Sends Mixed Messages on Tax Cuts, Clarifies Her Position

House Speaker Nancy Pelosi seemed to send mixed messages Thursday about whether she is open to extending the Bush era tax cuts for the wealthy. Numerous times in her weekly press conference she strongly argued against the tax cuts for Americans making more than $250,000. … But responding to a question about whether there is any chance the top tax bracket tax cuts will be renewed, she appeared to not rule it out. "The only thing I can tell you is that the tax cuts for the middle class will be extended this Congress."


The Hill: Maxine Waters's aides are expelled from event of Speaker Pelosi's

Three staffers working for embattled Rep. Maxine Waters (D-Calif.) were asked by security officers to leave an event in downtown Washington on Thursday after they tried to display large campaign signs just as House Speaker Nancy Pelosi (D-Calif.) was about to speak. The aides were holding lawn signs that defended Waters from the ethics charges she is facing in the House.


Politico: John Boehner: No government shutdown under GOP control

House Minority Leader John Boehner (R-Ohio) rejected the idea that Republicans will shut down the government if they come to a legislative impasse with President Barack Obama, even as some conservative activists have predicted and even pushed a shutdown next year. “Our goal is to have a smaller, less costly, and more accountable government here in Washington DC. Our goal is not to shut down the government,” he said.


Los Angeles Times: No winning in economy blame game

Democrat Lee Fisher knows exactly who's to blame for Ohio's 10.3% unemployment rate: It was George W. Bush who dug the state's economic hole, he tells voters, and one of those shoveling right alongside him was Rob Portman. "He helped create the recession," Fisher says of his Republican rival for the U.S. Senate. But Peggy Swope, for one, isn't so sure. There are plenty of reasons the economy tanked, says the 68-year-old independent, and it's not like Obama has done such a great job turning things around. "He was so fixated doing what he thought he needed to do on healthcare that he let everything else go," said Swope, a Columbus retiree.


Washington Post: The 'tea party' gears up for 2012

The playbook for winning the Republican presidential nomination begins with a set of inviolable rules: Start early, raise millions, build an organization, and trudge across the country seeking the blessing of mayors and money men. But in a world where the most careful plans can be rendered obsolete by a Sarah Palin tweet (see: Primary, Delaware), many in the party have begun to question whether those old, pre-"tea party" rules still apply.


CNN: Ousted in GOP primary, senator seeks advice from colleagues

A day before she declares whether she will mount a write-in candidacy to preserve her Senate seat, Alaska Republican Sen. Lisa Murkowski spent several hours in and around the Senate chamber Thursday talking with her colleagues about the difficult decision she faces. After unexpectedly losing the Republican primary to Tea Party-backed Joe Miller, Murkowski is scheduled to be in Alaska Friday to announce whether she run in the general election.


CNN: Dana Bash: Snowe sounds off

Few Republican lawmakers were as stung by Rep. Mike Castle's surprising loss to his conservative GOP opponent as Maine Republican Sen. Olympia Snowe. In a hallway just off the Senate floor Thursday afternoon, she sounded off about her place as a moderate in the GOP, and voter anger she says she understands. Visibly sad, Snowe called Castle "an outstanding public servant who was committed to the common good of his state and country."


CNN: O'Donnell's post-primary fundraising nears a million

Christine O'Donnell's campaign tells CNN it raised $850,000 in the first 24 hours after her upset victory in the Delaware Republican senatorial primary. Spokeswoman Michelle Lauren says the campaign's website crashed Tuesday night due to the large amount of traffic generated in the wake of her surprise win. The site went back up Thursday morning, she says.


CNN: Delaware Senate candidates set the stage for November

Delaware voters were treated to a markedly different tone Thursday night as they watched their two Senate candidates together for the first time since the primaries. During a candidate's forum, Republican Christine O'Donnell and Democrat Chris Coons displayed little of the animosity that came to define O'Donnell's bitter primary battle with Rep. Mike Castle. Rather, the night was marked by polite discourse and even agreement as the two candidates sought to lay out their position on many key issues.


CNN: Biden to Delaware Friday to help Coons

Vice President Joe Biden's heading home to Delaware to try and help keep his old Senate seat in Democratic Party hands. The vice president is scheduled to appear with New Castle County Executive Chris Coons, the Democrat's Senate nominee in Delaware, at an event in Wilmington Friday, according to a Thursday evening e-mail from the Coons campaign.


CNN: Clinton talks tea party

Secretary of State Hillary Clinton spoke out about the Tea Party movement Thursday, drawing a contrast between the rhetoric of campaigns and how candidates eventually govern. …"When they have the burden of holding office and the responsibility that goes with it, I've seen them become very sobered very quickly," Clinton said. "Sometimes the poetry can get kind of hot and a little over the top, but the prose brings you down to earth."


CNN: Jimmy Carter blames Ted Kennedy for health care delay

The late Sen. Ted Kennedy is widely hailed for devoting his political career to the cause of providing health care to all Americans. But in an interview set to air on 60 Minutes Sunday, former President Jimmy Carter says Kennedy is the one to blame for delaying legislation to provide such care. "The fact is that we would have had comprehensive health care now, had it not been for Ted Kennedy's deliberately blocking the legislation that I proposed," Carter told CBS correspondent Lesley Stahl. "It was his fault. Ted Kennedy killed the bill."


Los Angeles Times: Wall Street ties are a major player in midterm election

As Democrats seek to focus voter attention on the nation's economic problems that existed before President Obama took over, they have begun wielding a sharp new tool: the Wall Street reform law and Republican opposition to it. Large GOP gains in Congress could allow Republicans to hinder, or in some cases block, the ability of regulators to implement the law's stricter oversight of the financial industry.


CNN: Midterm TV ad spending could top $1 billion

Nearly $285 million was spent by Democrats, Republicans and advocacy groups on political television commercials in the 2010 primaries, and when the dust settles on this midterm election, the final tally could reach $1 billion. Evan Tracey, president of Campaign Media Analysis, notes history shows that three quarters of the money spent on political TV ads occurs in the final 60 days of the campaign.


Miami Herald: Crist lashes out at U.S. Senate race opponent Marco Rubio

Under attack on television and losing traction in the U.S. Senate race, Gov. Charlie Crist lashed out Thursday at front-runner Marco Rubio for his spending with a Republican party credit card and for trying to stuff "pork" into the state budget. Rubio periodically used his party-issued American Express card to pick up personal expenses, though he says he later covered them.


CNN: Whitman sets all-time spending record

Former eBay chief executive and current California gubernatorial candidate, Meg Whitman, has broken the all-time personal spending record for an American political candidate, dishing out $119 million in her bid for the governors mansion. Whitman who is running against Democratic opponent Jerry Brown, surpassed the previous self-financed campaign record of $109 million dollars set by New York Mayor Michael Bloomberg on his 2009 reelection campaign.


NATIONAL

For the latest national news:  www.CNN.com


CNN: BP completes relief well in Gulf of Mexico

BP has completed work on a relief well that will allow the oil giant to permanently seal the well at the heart of the Gulf oil disaster, the government's commander in charge of overseeing response to the spill said. "Through a combination of sensors embedded in the drilling equipment and sophisticated instrumentation ... BP engineers and the federal science team have concluded that the Development Driller III relief well has intersected the Macondo well," said Thad Allen, the appointed national incident commander, in a statement released late Thursday.


CNN: Bitten, shot, spat on: Violence in hospitals common for staff

A gunman critically injured a doctor at Johns Hopkins Hospital in Baltimore, Maryland, and later killed himself and his mother, police say - the latest violent incident in a health care setting. Hospitals are pressure cookers as people are often distressed, mentally disturbed or intoxicated by drugs or alcohol in a highly stressful environment. All of these factors pose possible dangers to health care workers.


CNN Money: Lifelines for the poor are disappearing

With more people than ever living in poverty, the government's unprecedented effort to strengthen the safety net for needy Americans is running out. Washington has spent tens of billions of dollars since the start of 2009 on programs to help feed the poor, house the homeless and support the unemployed. But much of this money has been used up or is about to expire in coming weeks and months.


USA Today: Number of uninsured Americans rises to 50.7 million

A record rise in the number of people without health insurance across the nation is fueling renewed debate over a health care law that could to work better at boosting coverage than controlling costs. More than 50 million people were uninsured last year, almost one in six U.S. residents, the Census Bureau reported Thursday. The percentage with private insurance was the lowest since the government began keeping data in 1987.


Austin-American Statesman: State hammers EPA on science of global warming

Essentially putting global warming science on trial, Texas officials on Thursday expanded their arguments in a lawsuit meant to prevent the federal regulation of greenhouse gases. In motions submitted Thursday to the U.S. Court of Appeals for the D.C. Circuit, Texas Attorney General Greg Abbott accused the federal Environmental Protection Agency of relying on faulty science for its proposals to regulate greenhouse gases.


Washington Post: U.S. cybersecurity plans lagging, critics say

More than a year after President Obama made a White House speech proclaiming that the protection of computer networks was a national priority, the federal government is still grappling with key questions about how to secure its computer systems as well as private networks deemed critical to U.S. security.


INTERNATIONAL

For the latest international news:  http://edition.cnn.com


CNN: Clinton pushes extended West Bank construction moratorium

Secretary of State Hillary Clinton has proposed a three-month extension of Israel's construction moratorium on the West Bank, a diplomatic source told CNN Thursday. The proposal, which was made this week during Middle East peace talks being held in the region, was accepted by Palestinian Authority President Mahmoud Abbas, but essentially rejected by Israeli Prime Minister Benjamin Netanyahu. The two sides appear to be at a stalemate, the source said.


CNN: Pope addresses sex abuse scandal as he starts visit to Britain

The Roman Catholic Church has not been vigilant enough or fast enough in responding to the problem of sexual abuse by priests, Pope Benedict XVI said Thursday. "These revelations were for me a shock and a great sadness. It is difficult to understand how this perversion of the priestly ministry was possible," he told reporters aboard his plane to Scotland. "How a man who has done this and said this can fall into this perversion is difficult to understand."


Christian Science Monitor: Haiti election commission under scrutiny for ties to President René Préval

As Haiti gears up for its first-ever internationally televised presidential debate Saturday, confidence in the government’s ability to hold a credible poll is being undermined by allegations that President René Préval is attempting to sway the election.Details of an Aug. 16 meeting between Mr. Préval and members of Haiti’s election commission (CEP) has observers questioning whether the CEP rejected candidates based on politics instead of the Constitution.


Washington Post: As Cuba gives capitalism a try, experts ponder future

As Cuba embarks on a bold new experiment – firing 500,000 state workers and letting them plunge into freer markets – experts in the region are watching to see whether the communist government and its baby entrepreneurs can salvage the economy without sacrificing the nation's "socialism or death" model.


BUSINESS

For the latest business news:  www.CNNMoney.com


Detroit Free Press: GM CEO Akerson okay with U.S. government role, for now

Unlike his predecessor, General Motors CEO Dan Akerson says he knows the government will be a shareholder even after the initial public stock offering. And for a few years, that is OK with him. "I do think we have the goodwill of many American consumers," he told reporters Thursday. Still, he conceded, "I don't think any investor group has infinite patience."


Wall Street Journal: FedEx 1Q More Than Doubles; 2Q View Cautious

FedEx Corp. (FDX) said Thursday that fiscal first-quarter profit more than doubled and raised its full-year financial guidance, though international volume fell slightly short of expectations and the company announced a charge to restructure its domestic trucking business. The U.S.-based shipping giant also forecast "a phase of somewhat slower economic growth going forward" than earlier in the calendar year, although Chief Executive Fred Smith stressed that he views the trend as indicative of a normal economic cycle rather than precursor to a double-dip recession.


In Case You Missed It


CNN's Brian Todd looks at reverberations within the GOP after Christine O'Donnell's win in the Delaware primary.

http://www.cnn.com/video/#/video/politics/2010/09/16/pkg.todd.odonnell.and.gop.cnn


N.Y. Gubernatorial Candidate, Carl Paladino discusses his stance on specific issues.

http://www.cnn.com/video/#/video/politics/2010/09/17/ac.paladino.intv.issues.cnn


Subscribe to the CNN=Politics DAILY podcast at http://www.cnn.com/politicalpodcast


And now stay posted on the latest from the campaign trail by downloading the CNN=Politics SCREENSAVER at http://www.CNN.com/situationroom




Money Making Secrets by Market Rasen Mail Your Photos


robert shumake

Facebook claims 200 million gamers <b>News</b> - Page 1 | Eurogamer.net

Read our news of Facebook claims 200 million gamers.

Homosexual advocacy group not legitimately Catholic, military <b>...</b>

After receiving a letter from the group Catholics for Equality urging a change to the “Don't Ask, Don't Tell” policy, the Archbishop for Military Services responded, saying that the archdiocese's position is “clear.

Facebook Making Changes to <b>News</b> Feed, Requests, Bookmarks to <b>...</b>

After the changes take effect, people who do not play games will no longer see news feed stories from friends who do play games — same goes for any other third-party app. Because news feed stories were a main way that people found games ...


robert shumake

Facebook claims 200 million gamers <b>News</b> - Page 1 | Eurogamer.net

Read our news of Facebook claims 200 million gamers.

Homosexual advocacy group not legitimately Catholic, military <b>...</b>

After receiving a letter from the group Catholics for Equality urging a change to the “Don't Ask, Don't Tell” policy, the Archbishop for Military Services responded, saying that the archdiocese's position is “clear.

Facebook Making Changes to <b>News</b> Feed, Requests, Bookmarks to <b>...</b>

After the changes take effect, people who do not play games will no longer see news feed stories from friends who do play games — same goes for any other third-party app. Because news feed stories were a main way that people found games ...