http://www.brokesucks.com/debt Just another WordPress weblog Fri, 25 Aug 2006 17:52:03 +0000 http://backend.userland.com/rss092 en We are turning BrokeSucks.com from an article-based to news based site. BrokeSucks will be updated daily with business & economic news from the web and blogosphere. It will take a few days for us to become oriented. Our focus will be global while still covering the daily headlines picked up ... http://www.brokesucks.com/debt/business-economic-news.htm The recent controversy over US RFID Passports has made me think more about identity theft. Basically what is happening is that the United States government is going to be embedding radio frequency identification chips in to new US passports. The chips broadcast the holders personal information -- the government claims ... http://www.brokesucks.com/debt/identity-theft.htm There is an article on MSNBC which talks about the pressures facing condo conversion owners. Properties are being turned in to rental units so that the owners do not face foreclosure, unfortunately resulting in a negative cash flow for them. Here is the interesting part: "because many of these investors ... http://www.brokesucks.com/debt/condo-conversions-switching-back-to-rentals-burning-investors.htm Right now we are working hard at adding useful new content to our main web site, BrokeSucks.com. The site is intendend to provide both a practical and realistic view of money and business. The first is an article, Exchange Rates Impact Small Business and Expats. The article explains why currencies fluctuate ... http://www.brokesucks.com/debt/updates-to-brokesuckscom.htm A story on the AP wire reports that Moscow is now the most expensive city in the world to live in. Here is the part that stuck out when I read this article: "What's so interesting now is that we do see, year to year, more fluctuation in these rankings ... http://www.brokesucks.com/debt/capital-flows.htm I have a feeling this story is going to be all over the news. It turns out that a bunch of insurance companies including AllState, Nationwide Mutual Insurance Co, and MetLife are either pulling home insurance are cranking up the requirements due to hurricanes. The punch line to this story ... http://www.brokesucks.com/debt/insurance-companies-cutting-home-insurance-in-new-york-blame-the-fed.htm I am reading The Coming Generational Storm by Laurence Kotlikoff and Scott Burns right now. Wow, I'm changing my mind about the potential for the US government going in to default. The government's own actuaries and economists have put together numbers on the US's liabilities which go in to the tens ... http://www.brokesucks.com/debt/the-coming-generational-storm.htm I just happened to turn on CNBC yesterday interested in what they were saying about the stock market drop. They had guys on babbeling on about the GDP and other inflation numbers. I was about to flip it off when they announced George Soros was up next. What did Soros have ... http://www.brokesucks.com/debt/george-soros-on-cnbc.htm Today I ran into an ad on a political webpage for a company selling Iraqi dinars ( IQD ). The copy touted betting on Iraq that the country was turning around and those holding the currency would benfit greatly. An article on one of my favorite currency sites, XE.com explains ... http://www.brokesucks.com/debt/should-i-invest-in-the-new-iraq-dinar.htm I realised early on in this recent real estate boom that people were buying homes not on their price, but on their monthly payments. Somehow housing speculators were confusing this with the true value of the real estate, explaining that prices were just catching up to what they should be ... http://www.brokesucks.com/debt/interest-rates-up-home-prices-down.htm