wow

Daily F (Financial ) Occupy Wall Street Edition and Best Jobs too

Occupy Wall Street is more popular than you think.

http://www.cbsnews.com/8301-503544_162-20120052-503544.html


Why are they so angry ?   Take a look at all the reasons why...LOTS of them
http://www.businessinsider.com/what-wall-street-protesters-are-so-angry-about-2011-10?op=1



YOUR DEAD IPHONE IS A GOLD MINE-LITERALLY
http://money.cnn.com/2011/10/13/technology/iphone_trade_in/index.htm?source=cnn_bin&hpt=hp_bn5

But what happens to your trade-in once you ship it to Gazelle, ReCellular, NextWorth, Amazon Trade-In, or any of the other recommerce sites out there?
First, cell phones are inspected for wear and tear and to see whether they still work. Damaged phones are assessed for salvageability.
All phones then go through a memory wipe. Each trade-in company said it wipes memory in two steps to ensure data is erased from the phone. If the phone doesn't work, the companies will physically destroy its memory. 


expeditions
BUFFET BUILDS TAX THE RICH CASE
http://finance.yahoo.com/banking-budgeting/article/113663/buffett-builds-tax-rich-case-wsj?mod=bb-budgeting&sec=topStories&pos=3&asset=&ccode=

Mr. Buffett long has urged lawmakers to raise income-tax rates on the wealthiest, arguing that his secretary paid a higher effective rate than he did last year. President Obama embraced the concept, and went along with Senate Democrats' proposal for a 5.6% surtax on those making $1 million a year or more.
Mr. Buffett's adjusted gross income was $62,855,038 in 2010, according to the letter, while his taxable income was $39,814,784. He said he paid $15,300 in payroll tax, and $6,923,494 in federal income tax. That made for an effective tax rate of 17.4%. 

Now Is a Good Time to Buy a Car: Edmunds CEO
http://finance.yahoo.com/blogs/daily-ticker/now-good-time-buy-car-edmunds-ceo-143624243.html
But, if you're in the market for a car, Anwyl says, now is probably a good time to buy. The automakers are finally bringing their 2012 designs to market, after delays (again because of distributions caused by the Japan earthquake), and that means more incentives and better prices. "This month and then the next window of opportunity would be right after Christmas and all the way through the new year."

Best Jobs if You're Over 50
CNN MONEY
http://finance.yahoo.com/focus-retirement/article/113650/best-jobs-if-youre-50-cnnmoney?mod=fidelity-changingjobs&cat=fidelity_2010_changing_jobs

  • The job skills you honed over a lifetime may transfer, but as an older job hunter you need to work harder to prove your skills are up to date. Digital know-how and social media experience, for example, are essential in the nonprofit world, says Bleiberg.
     

    What You Need In A Financial Survival Kit
    http://finance.yahoo.com/news/What-You-Need-In-A-Financial-investopedia-1750932932.html?x=0

    Financial experts such as the members of the American Institute of CPAs recommend having a personal financial kit that is easily carried in the event of an emergency. These experts suggest all original documents be kept in either a fire-proof safe in your home, or preferably, in a safety deposit box at a bank away from your residence. If a natural disaster strikes your neighborhood, it could also strike the local bank leaving you without a resource for those documents or cash. The average cost of a safe-deposit box is $30-$50 per year.

    If an emergency is imminent, you will want a basic kit that you can easily carry with you after a disaster. If your home is destroyed, this kit should have copies of all the basic information you'll need. This "kit" can be a sealable plastic bag, or a small plastic storage container that you can easily "grab-and-run" with. There are many documents you will need to help you recover after a disaster strikes, most should be kept in the fire-proof safe or safe deposit box. This basic kit should consist of essential documents to take care of your basic needs.
  • A copy of your driver's license or state identification
  • Copies of your credit cards and bank account information
  • Copies of current prescriptions, including eyeglasses, and any medical histories that EMS and medical personnel would need to know - allergies, asthma, heart meds, diabetic condition, etc.
  • List of your emergency contacts - family members, doctors, insurance agents, financial advisors
  • Insurance cards, policy numbers and agents contact information - Life, health, homeowner, auto, renters
  • Safe deposit box information - name of financial institution, list of the contents and the key
  • Copies of any living wills, power of attorney or medical power of attorney
  • Enough cash for living expenses for three days for your entire family
  • Prepaid phone cards, cell phone charger

Mad at Bank Of America Citi Bank Wells Fargo & Suntrust

Just some of the quotes and what's being said about charging for debit cards and raising rates or now charging for what had previously been free checking. People, find a new bank. Stay away from the national banks who took government hand outs to pay their executive bonus. Let them know you won't take it anymore by closing your account and finding a local community bank.

THE STREET
WILL YOU LEAVE BANK OF AMERICA OVER THE DEBIT CARD FEE

Bank of America is not the first to charge this fee. Other banks have also tried to find new ways to offset the revenue loss. Wells Fargo is testing a monthly fee of $3 in select markets for debit card purchases. JPMorgan Chase is test marketing a fee as well.


...the idea that Bank of America would charge customers as much as $60 a year for using debit cards to buy groceries had some of TheStreet's readers hopping mad. "I've been a customer of BAC since it was C&S, way back in 1991. I think my loyalty has finally run out," one reader wrote.


CHARLOTTESVILLE DAILY PROGRESS
"LOCAL BANKS SEE BOOST FROM CUSTOMERS FLEEING FEES"

http://www2.dailyprogress.com/business/2011/oct/09/local-banks-see-boost-customers-fleeing-fees-ar-1371513/

"The second they start charging me a fee I didn't sign on for, I'm closing my account and moving all my money"


FORBES-
CUSTOMERS ARE MAD AT BANK FEES

http://www.forbes.com/feeds/ap/2011/10/07/personal-finance-financials-us-turning-to-credit-unions_8723274.html

Whenever a big bank rolls out a controversial fee, customers start fuming about taking their business elsewhere


CNN MONEY
I DITCHED MY BIG BANK

BOA CHIEF -"WE HAVE A RIGHT TO MAKE A PROFIT"
http://money.cnn.com/2011/10/11/pf/bank_fees_switch/

"I dropped Bank of America like a hot potato," said Tim O'Brien a partner in a Seattle-based television advertising agency. "I felt like I was getting nickel and dimed."


PERKSTREET BLOG
MAD AT BOA AND CITI
http://blog.perkstreet.com/im-mad-about-bank-of-america-and-citibanks-new-fees-perkstreets-coo-spouts-off/

Aren't the Big Banks afraid of the customer backlash, the potential of rioting and angry tweets and Facebook posts?