Comments for My Yahoo! Blog http://www.myyblog.com/blog News and Tips About Your Personal Start Page Fri, 21 Jan 2011 22:07:44 -0800 hourly 1 http://wordpress.org/?v=3.1 Comment on Financial Reform: Doing Your Part by Charles http://www.myyblog.com/blog/2010/04/23/financial-reform-doing-your-part/comment-page-1/#comment-45921 Charles Wed, 05 May 2010 01:01:49 +0000 http://www.myyblog.com/blog/?p=7929#comment-45921 Nice post, Tom. Your idea has made me consider how wide I've been walking my financial path. I used to be an estetic spender. You know, buying things that "tickled-my-fancy" more than they increased my safety net. Butying and investing are kind of diametrically opposed to each other so, my purchases now lean more towards longevity, vs. disposable... and resale potential through resale purchases, vs. land-fill donated. It requires a little more fore-thought and research but, I wasn't intended to be hat-rack anyway. I think that's called "sustainable living", when we're thinking of ways to sustain both, ourselves and our planet. Well Journeys Tom, and Peace to You and Yours ULC Minister, Kolt4JC Nice post, Tom.
Your idea has made me consider how wide I’ve been walking my financial path.

I used to be an estetic spender.
You know, buying things that “tickled-my-fancy” more than they increased my safety net.
Butying and investing are kind of diametrically opposed to each other so, my purchases now lean more towards longevity, vs. disposable…
and resale potential through resale purchases, vs. land-fill donated.

It requires a little more fore-thought and research but, I wasn’t intended to be hat-rack anyway.

I think that’s called “sustainable living”, when we’re thinking of ways to sustain both, ourselves and our planet.

Well Journeys Tom, and Peace to You and Yours

ULC Minister,
Kolt4JC

]]> Comment on Financial Reform: Doing Your Part by lorin http://www.myyblog.com/blog/2010/04/23/financial-reform-doing-your-part/comment-page-1/#comment-45883 lorin Sat, 01 May 2010 23:17:54 +0000 http://www.myyblog.com/blog/?p=7929#comment-45883 I agree with tom. CNN did a special during the height of the financial crisis and one the top 10 most wanted list of people responsible for the crisis, was the consumer. CNN did point out that at the time in 1984, the average savings rate in the united states stood at 10%. That 10% is the shock absorber of a down economy. It buffers the worst effects of a recession. At the time of the crisis in the fall of 2009, Americas average savings rate was at a record low of -1%. The recession shock absorber is gone!. With millions of Americans loosing there jobs, the consumer could only depend on credit cards for support and not there savings. A meager income from low paying jobs could help to pay there bills but with so many unemployed workers, those jobs will be few and far between. This financial crisis did not take one year to happen. Instead, it took a accumulation of years though three or more presidential administrations. But the real issue was deregulation of the banking industry way back in the late 1980s. That deregulation brought on unprecedented greed in both banks, developers and other entities. I currently live in British Columbia Canada. British Columbia along with other parts of Canada has some of the toughest regulations that are placed against the banks. Very little if any of the banks portfolios were ever involved with the prime rate mortgages. As a result, BC banking industry turned out to be one of the strongest banking systems in the world to survive the financial crisis of 2008-2009. The us Government needs to look back in its history on how it regulated its banking system and find a solutions that will never ever cause this near collapse to every happen again! And for the consumer, PLEASE pay off your debts. Please think about what you are buying and do you really need that product you are purchasing? Please SAVE for a time when you could be unemployed. My two cents! I agree with tom. CNN did a special during the height of the financial crisis and one the top 10 most wanted list of people responsible for the crisis, was the consumer.

CNN did point out that at the time in 1984, the average savings rate in the united states stood at 10%. That 10% is the shock absorber of a down economy. It buffers the worst effects of a recession. At the time of the crisis in the fall of 2009, Americas average savings rate was at a record low of -1%. The recession shock absorber is gone!.

With millions of Americans loosing there jobs, the consumer could only depend on credit cards for support and not there savings. A meager income from low paying jobs could help to pay there bills but with so many unemployed workers, those jobs will be few and far between. This financial crisis did not take one year to happen. Instead, it took a accumulation of years though three or more presidential administrations. But the real issue was deregulation of the banking industry way back in the late 1980s. That deregulation brought on unprecedented greed in both banks, developers and other entities.

I currently live in British Columbia Canada. British Columbia along with other parts of Canada has some of the toughest regulations that are placed against the banks. Very little if any of the banks portfolios were ever involved with the prime rate mortgages. As a result, BC banking industry turned out to be one of the strongest banking systems in the world to survive the financial crisis of 2008-2009.

The us Government needs to look back in its history on how it regulated its banking system and find a solutions that will never ever cause this near collapse to every happen again!

And for the consumer, PLEASE pay off your debts. Please think about what you are buying and do you really need that product you are purchasing? Please SAVE for a time when you could be unemployed.

My two cents!

]]> Comment on Financial Reform: Doing Your Part by Oz Longley http://www.myyblog.com/blog/2010/04/23/financial-reform-doing-your-part/comment-page-1/#comment-45882 Oz Longley Sat, 01 May 2010 23:07:27 +0000 http://www.myyblog.com/blog/?p=7929#comment-45882 I have issues managing my own money I tend to put my wants and pleasure before I my priorities, I should first take care of my family life then play if i have extra. But I just cant seem to make myself reach this responsibilty! I have issues managing my own money I tend to put my wants and pleasure before I my priorities, I should first take care of my family life then play if i have extra. But I just cant seem to make myself reach this responsibilty!

]]> Comment on Financial Reform: Doing Your Part by juliet thomas http://www.myyblog.com/blog/2010/04/23/financial-reform-doing-your-part/comment-page-1/#comment-45857 juliet thomas Wed, 28 Apr 2010 14:28:56 +0000 http://www.myyblog.com/blog/?p=7929#comment-45857 Do you think this is fair? Blog by Juliet Anne Thomas Why is it that financial institutions have decided that it is acceptable practice to place weekly holds on funds in excess of 50.00 or more when you pay at the pump or at a restaurant. Once the deal is done its done. I walk away with a receipt thinking that’s what I spent. Surely the waitress or bartender knows how much they just made in a tip. The register knows it got paid and can expect that transaction was covered. And the credit card companies or merchant account providers are able to provide a detail printout at the end of the business day or shift for reconciliation purposes. So what gives with the weekly hold on my available credit or in the case of a prepaid or debit card. My Money? It is also disturbing and unfortunate that this info is not Posted In Your Face at the time you are about to make the transaction that could ultimately leave you stuck, stranded, defaulted or late on other obligations. In my opinion this is not only a disservice but a deceptive practice that somehow benefit’s the financial institutions , as if they need any more benefits. Gas stations are willing to accept my credit cards as payment and since they do not require people to spend 75.00 to buy gas or wait the week there until payment posts why should we wait a week for adjustment to our balance. ..Restaurants have to trust everyone ..hey, once the meals over ..it is over. So I hardly believe that the 15% gratuity that has already been calculated to make the charge possible with a total amount .which is necessary, could be cause for a priority hold on funds . ..so why are so many people inconvenienced. Or as I see it being punished for patronizing these business and services? Of course this never affects the wealthy who have the ability and sense enough to pay off all total amounts every month before they can ever be charged for interest let alone be bothered by any possible hold on mere hundred or fifty dollars that may not be available to pay that phone bill or buy groceries for the next few days. That is a round at the club, a drop in the grander bucket. Not to say they do not worry about money, it is all they worry about and probably have to. However, I feel it is obscene to exploit the already struggling to get by populace in order to create more millionaires through the practice of exploiting the average and ignorant person that hasn’t the time and often the education to research every section and subsection of details available somewhere subtly added seeming lost in the print. All financial charges and disclaimers I believe should be marked in RED INK UP TOP!!! As we all know paying interest on the interest costs and charges that apply to the mere use of the card services necessary are more than adding up as it is. Don’t you agree? Do you think this is fair? Blog by Juliet Anne Thomas
Why is it that financial institutions have decided that it is acceptable practice to place weekly holds on funds in excess of 50.00 or more when you pay at the pump or at a restaurant. Once the deal is done its done. I walk away with a receipt thinking that’s what I spent.
Surely the waitress or bartender knows how much they just made in a tip. The register knows it got paid and can expect that transaction was covered. And the credit card companies or merchant account providers are able to provide a detail printout at the end of the business day or shift for reconciliation purposes.
So what gives with the weekly hold on my available credit or in the case of a prepaid or debit card. My Money?
It is also disturbing and unfortunate that this info is not Posted In Your Face at the time you are about to make the transaction that could ultimately leave you stuck, stranded, defaulted or late on other obligations. In my opinion this is not only a disservice but a deceptive practice that somehow benefit’s the financial institutions , as if they need any more benefits.
Gas stations are willing to accept my credit cards as payment and since they do not require people to spend 75.00 to buy gas or wait the week there until payment posts why should we wait a week for adjustment to our balance.
..Restaurants have to trust everyone ..hey, once the meals over ..it is over. So I hardly believe that the 15% gratuity that has already been calculated to make the charge possible with a total amount .which is necessary, could be cause for a priority hold on funds .
..so why are so many people inconvenienced. Or as I see it being punished for patronizing these business and services?
Of course this never affects the wealthy who have the ability and sense enough to pay off all total amounts every month before they can ever be charged for interest let alone be bothered by any possible hold on mere hundred or fifty dollars that may not be available to pay that phone bill or buy groceries for the next few days. That is a round at the club, a drop in the grander bucket. Not to say they do not worry about money, it is all they worry about and probably have to. However, I feel it is obscene to exploit the already struggling to get by populace in order to create more millionaires through the practice of exploiting the average and ignorant person that hasn’t the time and often the education to research every section and subsection of details available somewhere subtly added seeming lost in the print.
All financial charges and disclaimers I believe should be marked in RED INK UP TOP!!!
As we all know paying interest on the interest costs and charges that apply to the mere use of the card services necessary are more than adding up as it is. Don’t you agree?

]]> Comment on Financial Reform: Doing Your Part by Geno http://www.myyblog.com/blog/2010/04/23/financial-reform-doing-your-part/comment-page-1/#comment-45830 Geno Sun, 25 Apr 2010 14:43:06 +0000 http://www.myyblog.com/blog/?p=7929#comment-45830 Tom thanks, this is great. You should add RatingsReform (http://ratingsreform.wordpress.com/) to your set of blogs on financial reform. The public needs to better understand what ratings mean so we don't rely on them too heavily in future. Tom thanks, this is great. You should add RatingsReform (http://ratingsreform.wordpress.com/) to your set of blogs on financial reform. The public needs to better understand what ratings mean so we don’t rely on them too heavily in future.

]]> Comment on ‘I Want My Pre-MTV!’ by janice http://www.myyblog.com/blog/2010/03/17/%e2%80%98i-want-my-pre-mtv%e2%80%99/comment-page-1/#comment-45355 janice Wed, 24 Mar 2010 22:49:28 +0000 http://www.myyblog.com/blog/?p=6858#comment-45355 I like the old sitcoms like on tv land and would love to see them again on yahoo. thanks. :) I like the old sitcoms like on tv land and would love to see them again on yahoo. thanks. :)

]]> Comment on ‘I Want My Pre-MTV!’ by Doug http://www.myyblog.com/blog/2010/03/17/%e2%80%98i-want-my-pre-mtv%e2%80%99/comment-page-1/#comment-45341 Doug Tue, 23 Mar 2010 23:48:27 +0000 http://www.myyblog.com/blog/?p=6858#comment-45341 What I'd really like is the old classic MTV - you know, when they used to play music videos. What I’d really like is the old classic MTV – you know, when they used to play music videos.

]]> Comment on Consumer Recalls & Peace of Mind by Connie http://www.myyblog.com/blog/2010/03/10/consumer-recalls-peace-of-mind/comment-page-1/#comment-45229 Connie Tue, 16 Mar 2010 22:10:03 +0000 http://www.myyblog.com/blog/?p=6853#comment-45229 Information is freedom we cannot underestimate the importance of being informed. As long as the information can be verified and is factual we need this and should consider it a valuable resourse Information is freedom we cannot underestimate the importance of being informed. As long as the information can be verified and is factual we need this and should consider it a valuable resourse

]]> Comment on Conquering the Winter Olympics by Jonatha n http://www.myyblog.com/blog/2010/02/10/how-i-plan-to-conquer-the-winter-olympics/comment-page-1/#comment-45058 Jonatha n Fri, 26 Feb 2010 04:28:11 +0000 http://www.myyblog.com/blog/?p=6838#comment-45058 Winter Olympic Reflections Finally I had a day off to catch up on one of my favorite things..... The Winter Olympics. I just love the story lines, the drama, the upsets, the sure things, and my favorite... those "once-in-a-lifetime 'OMG moments' that are forged when an athelete's years of hard work finally intersect with their special moment in time. We, as fans, are fortunate and privledged to share this moment with them. I watch in awe as their destiny unfolds and is shared with the world in ultra-dramatic fashion. The facial expressions, the body language,and physical reactions of the atheletes, which are induced by the results of their competition, reflect backto us, not only the joy of their accomplishments but also the sorrow of their defeats. This rare glimpse into the emotional vaults of others, these poignant momens which are litterally dripping with tears of both happiness and anguish, while the mountain peaks seem to echo their triumphnt cries of victory and the quiet snow fall mimics the silent disbelief of their failures. These moments capture the essence of life and embody what it means to be human, to laugh, to cry, to rejoice, to feel. This is why I have a love affair with the Winter Olympics. Winter Olympic Reflections

Finally I had a day off to catch up on one of my favorite things….. The Winter Olympics.

I just love the story lines, the drama, the upsets, the sure things, and my favorite… those “once-in-a-lifetime ‘OMG moments’ that are forged when an athelete’s years of hard work finally intersect with their special moment in time. We, as fans, are fortunate and privledged to share this moment with them. I watch in awe as their destiny unfolds and is shared with the world in ultra-dramatic fashion.

The facial expressions, the body language,and physical reactions of the atheletes, which are induced by the results of their competition, reflect backto us, not only the joy of their accomplishments but also the sorrow of their defeats.

This rare glimpse into the emotional vaults of others, these poignant momens which are litterally dripping with tears of both happiness and anguish, while the mountain peaks seem to echo their triumphnt cries of victory and the quiet snow fall mimics the silent disbelief of their failures. These moments capture the essence of life and embody what it means to be human, to laugh, to cry, to rejoice, to feel. This is why I have a love affair with the Winter Olympics.

]]> Comment on Haiti’s sorrow, My Yahoo! and you by Patti http://www.myyblog.com/blog/2010/01/20/haiti%e2%80%99s-sorrow-my-yahoo-and-you/comment-page-1/#comment-44450 Patti Sat, 23 Jan 2010 00:39:14 +0000 http://www.myyblog.com/blog/?p=6834#comment-44450 The tradegy in Haiti is terrible. just terrible. The pain and hurt these people are going through, and to make it worse by more earthquakes. my prayers involve them. The Haiti Telethon is on tonight, I hope you all watch. Please please TRY to donate SOMETHING. A dollar can be enough. Just think about if that happened here. Love love love to all. The tradegy in Haiti is terrible. just terrible. The pain and hurt these people are going through, and to make it worse by more earthquakes. my prayers involve them. The Haiti Telethon is on tonight, I hope you all watch. Please please TRY to donate SOMETHING. A dollar can be enough. Just think about if that happened here. Love love love to all.

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