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A tax time bomb, slowly ticking away

Income based repayment is touted as a solution to rapidly rising college costs in the US. But there is a hefty tax bill looming for people who take advantage of this program.
posted by reenum on Dec 18, 2012 - 134 comments

The Man, the author, his reader & her e-book

The American Library Association fires the latest response in its tussle with publishers over e-books in public libraries, while in England, a government review of e-books in public libraries is announced.
posted by Wordshore on Sep 28, 2012 - 36 comments

Taxpayer Entertainment Ltd

Curt Schilling, a former Major League Baseball pitcher, retired with an eye toward making games. His 38 Studios bought Big Huge Games, some big-name talent, and got started with Kingdoms of Amalur... with the help of a $75 million guaranteed loan from the state of Rhode Island (not without controversy). The game was good but not great and sales were likewise good but not great. Not great enough to cover the payments on a $75 million loan, anyway, not to mention payroll, and Rhode Island is likely on the hook.
posted by gilrain on May 18, 2012 - 169 comments

#liberalmediabias

Jimmy Fallon and The Roots (ft. President Obama) - Stafford Loan Interest Slow Jam
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Apr 25, 2012 - 57 comments

Is a Law Degree a Good Investment Today?

Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
posted by reenum on Nov 23, 2011 - 49 comments

Low Risk Venture Capital Investing

Solyndra used to make thin-film solar cells, but they could not make any money. The Department of Energy tried to help with a $535 million “Green” loan guarantee but the DOE missed the memo that says EBITDA needs to be in the black if they expect to keep taxpayers out of the red. Private investors kicked in another $70 million eventually but only after the DOE primed itself. As White House economic advisor Larry Summers noted, “…[government] is a crappy vc [venture capitalist]…" Thanks to the DOE though, 40 employees and 150 contractors got to keep their jobs for an extra week last year according to the WaPo.
posted by otto42 on Nov 15, 2011 - 45 comments

Now You See It, Now You Don't

Homeowners are using a little known loophole in the bankruptcy laws to shed their second mortgages.
posted by reenum on May 9, 2011 - 42 comments

What $200,000 in Student Debt Looks Like

Kelli went to Northeastern University and got loans to pay for her sociology degree. Her repayment schedule is featured in the article and it is not pretty. [more inside]
posted by reenum on Nov 22, 2010 - 261 comments

Wells Fargo, You Never Know What Hit You.

Wajahat Ali, a solo practitioner from California, takes on Wells Fargo in an attempt to get his clients' home loan modified. Lots of ball dropping and passing of the buck ensues. He describes the Kafka-esque nature of the experience.
posted by reenum on Jun 20, 2010 - 41 comments

I'm Ed Whitacre from General Motors. We want to make this a company all Americans can be proud of again.

Remember the General Motors bailout? You may have seen the commercial GM has been airing where GM CEO Ed Whitacre brags about paying back this loan "in full with interest, five years ahead of the original schedule". Ever wonder how that was possible? Reason.tv explains. [more inside]
posted by tybeet on May 1, 2010 - 53 comments

But if the vaults are empty, what will Scrooge McDuck swim in?

According to the latest biweekly numbers released last Thursday by the Federal Reserve, for the two weeks that ended January 16th American banks had negative $1.3 billion in non-borrowed reserves. This is, historically, extremely unusual; just two months ago they had $30 billion (positive, of course) in non-borrowed reserves. The only reason some banks haven't been shut due to insufficient -- negative! -- reserve requirements is that the Federal Reserve is currently loaning them enough money through the brand new TAF (Term Auction Facility) program (also running in Canada and Europe) to make up their shortfalls. Today's TAF press release says that 52 American banks or institutions are currently receiving loans totaling ~$40 billion -- but the Fed refuses to name who they are. [more inside]
posted by Asparagirl on Jan 29, 2008 - 162 comments

Zeitgeist - Hegel would NOT be proud.

Zeitgeist, the movie [Google Video link embedded] - An interesthing, if bizarre, mix of buffed-up comparative mythology, 9/11 conspiracy theories and New world order rambling about banks, loans, debts and war. Is paranoia the spirit of our times?
posted by Baldons on Jul 26, 2007 - 32 comments

The Illustrated Guide to GOP Scandals

The Illustrated Guide to GOP Scandals
posted by trinarian on May 14, 2007 - 44 comments

UAL asks for a 2$ billion loan from the Feds. And it looks like AMTRAK will get their couple hundred million bucks as well. Transportation seems to be a losing proposition all over. So where's the bailout for the cruise lines?
posted by zoopraxiscope on Jun 24, 2002 - 12 comments

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