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POPSSocial Competence Skills Having emotional intelligence doesnt guarantee the competencies will be demonstrated,different jobs make make differing competance demands.Psychologist David Goleman offers his insights and book "Working with Emotional Intelligence"
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POPSBlack Monday: Global Financial Crisis in Pictures Look: The Bailout did not stop this! The only things looking good are gold (soaring), government bonds (safer investments), the dollar (which has rebounded) and oil prices (which are now below 90 buck a barrel; hopefully $3 per gallon gas is coming soon; but we want 1.50 per gallon like when Bush and the war-spending neocons seized power, massively increasing government spending and national debt). World stock markets have plunged after government bank bail-outs in the US and Europe failed to stem fears of slower global economic growth. On Wall Street, the Dow Jones fell 370 points, ending below 10,000 for the first time since 2004. UK and French indexes also suffered big falls. For a definition of futures index in these charts go here.
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POPSThe Price of Putin
when Russia defaulted, and the amount of cash leaving the country in the second week of August was the highest on record. Russia's central bank, which reported the $16.5 billion decline last week, still reckons to have $581 billion in reserves, money being stored away when the oil runs out and the gas flow starts to falter. This may come somewhat sooner than many think. Finance Minister Alexei Kudrin spoke after the Cabinet approved the draft federal budget for the next three years, which assumes that Russia's main oil blend, Urals, will sell for at least $95 a barrel. (Russian government's own budget estimates, oil is expected to drop to $90 in 2010 and $88 in 2011.) At current rates of extraction combined with rising national consumption, Russia's known oil reserves will start to run out in the 2020s, and a lack of investment in maintenance and development means the two main gas fields expected to maintain Russia's export income are falling ominously behind schedule.
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POPSList of weakest US banks with assets + or -
1st Centennial Bk Redlands CA D- 715,231 1st United Bk Boca Raton FL D+ 575,509 Affinity Bk Ventura CA D- 1,172,207 Alliance Bank Lake City MN D 651,634 Alliance Bk Culver City CA D- 1,111,157 Alliance Bk Corp Fairfax VA D 553,450 Amboy Bank Old Bridge NJ D- 2,695,636 Amcore Bk NA Rockford IL D+ 5,135,631 American Bk St Paul MN D 612,162 American Bk of Commerce Wolfforth TX D+ 690,847 American Founders Bk Inc Frankfort KY D- 561,375 American River Bk Sacramento CA D 585,958 Americanwest Bk Spokane WA D 2,106,351 Ameriprise Bank, FSB New York NY D 1,551,509 Amtrust Bank Cleveland OH D- 17,301,384 ANB Financial NA Rogers AR F 1,895,545 Anchorbank FSB Madison WI D+ 5,088,062 Avidia Bank Hudson MA D+ 954,640 Baltimore County Svgs Bk FSB Baltimore MD D 615,915 Banco Popular North America New York NY D+ 12,738,302 Banco Santander PR San Juan PR D 9,103,575 Bank of Blue Valley Overland Park KS D- 753,205 Bank of Choice Evans CO D- 560,922 Bank of Choice Colorado Arvada CO D- 6
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POPSCuomo, Wall Street Agree On Mortgage Debt Overhaul The deal applies only to riskier, non-prime loans in America, and is designed to end what the industry calls "ratings shopping" that pits credit-rating agencies against one another. The $5 billion rating agency industry has been accused of issuing favorable ratings to secure business with leading Wall Street investment banks. The three ratings agencies also signed a letter of agreement to work with Mr. Cuomo to pursue further reforms for the mortgage industry. The attorney general said his probe into the entire mortgage industry, including loan originators and big banks, is ongoing. "We continue to believe that the more our customers, investors and other market participants know about how we do our work, the better," the president of Standard & Poor's, Deven Sharma, said. "We continue to work with the attorney general and policymakers to support effective operations of the world's capital markets."
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POPSBuffett Offer Rebuff At first glance the offer might seem appealing but Berkshire Hathaway refuses to take any risks associated with mortgage-related securities so ultimately it will do little to reduce the problems the companies are facing on securities backed by mortgages, consumer loans and other assets.
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POPSSubprime Nation Read the whole article...it's worth it! I'm no republican, but Pat nailed the issue.
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POPSMortage meltdown - the real story is fraud. Wow. Thanks to Christopher S. Penn for pointing this one out to me. He's got an insiders knowledge of the lending industry (he runs the Financial Aid podcast) and incredible insights on his blog. Subscribe to him if you're at all interested in what's going on in this crazy market.
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POPSStart Trading Forex This is a great blog site on how to start trading forex in the UK. I loved the review of Paddy Power trading and some good links to other useful sites.
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POPSWhere to Put Your Money From an article on the author of Unconventional Success: A Fundamental Approach to Personal Investment , a summary of professor and star investor David Swensen's advice for how individuals should be investing in markets driven by full-time professionals like him. While perhaps unconventional, Swensen would certainly seem to have the authority to advise on such matters. Yale University recently announced a 23 percent return on its investments, swelling its endowment to a whopping $18 billion. The man behind that investment success is David Swensen, one of the most gifted investors in the world. He's made an average 16 percent annual return over 21 years — better than any portfolio manager at any other university.