Archive for the ‘News’ Category

Free Chick-fil-A Breakfast Every Thursday in January

By: Green Panda | Date posted: January 22, 2009 (3:40 pm)

Sorry,I’m a little late on this but I found that Chick-fil-A has free breakfast items on Thursdays this month. 

Go in from 6:00am to 10:30am to receive a featured breakfast entrée….

January 8 – Chick-fil-A Chicken Biscuit

January 15 – Chick-fil-A Chick-n-Minis (3 count)

January 22- Chick-fil-A Chicken Biscuit

January 29 – Chick-fil-A Chick-n-Minis (3 count)

 

Thanks Yelp!

Have Twenty Minutes? Take a Look at This Article

By: Green Panda | Date posted: January 05, 2009 (9:32 am)

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Photo Credit: Matt Callow

 Want to read an interesting op-ed on the financial industry? Yesterday, I found a really good article at the NY Times’ site, The End of the Financial World as We Know It

I think the title is a bit overboard, but some pretty good points are raised. Here’s a few quites that caught my attention:

Mr. Markopolos is the former investment officer with Rampart Investment Management in Boston who, for nine years, tried to explain to the Securities and Exchange Commission that Bernard L. Madoff couldn’t be anything other than a fraud. Mr. Madoff’s investment performance, given his stated strategy, was not merely improbable but mathematically impossible.

The articles points out that his report in 2005, but he spoke out against the fraud since 1999. How did the S.E.C. find his report?

And yet the S.E.C.’s cursory investigation of Mr. Madoff pronounced him free of fraud.

I also found out a bit more of the conflicts of interests for the credit rating.

Over the last 20 years American financial institutions have taken on more and more risk, with the blessing of regulators, with hardly a word from the rating agencies, which, incidentally, are paid by the issuers of the bonds they rate.

It’s worth 20 minutes of your time, if only to encourage you to look deeper into the financial situation in the United States. Let me know what you think if you have a chance.

Dave Kori, the Snow Day Kid, Radiates Success

By: Green Panda | Date posted: January 25, 2008 (11:49 am)

Ryan is a guest author from Millionaire Money Habits, a personal finance site that discusses building wealth by developing the habits of self-made millionaires. I thought it was interesting how Ryan incorporated news into personal finace skills. Let me know what you think.

By now you it would be virtually impossible to not have heard of Dave Kori, the 17-year-old high-school student who called a Virginia school administrator, Dean Tistadt, at home. He left a message asking why a snow day had not been declared after a three-inch snowfall. The student apparently intended to speak to the Fairfax County chief operator, as he left his name and return phone number. If his goal was to get a return call, he certainly succeeded. Dean’s wife called back, leaving an angry message for the high-school student, which Dave posted online for the world to hear.

While there may be some privacy issues and potential school code violations, the actions Dave Kori took were arguably commendable. In fact, what he did exudes characteristics that I believe will make him very successful in life. Maybe it wasn’t the right thing to do, and I’m sure there was a better way to handle the situation, but to get what you want, you have to break the rules now and again. He believed strongly about something, and he went straight to the source to have his questions answered.

Photo Credit: Lida Rose

There are many Dave Kori’s in the world, and the one’s I know personally have translated those tenacious characteristics into wealth. Let’s examine:

  • Gumption: Becoming wealthy requires the ability to take and handle risk, and at times requires a bit of an attitude. What Dave did was bold. He didn’t just complain to his friends that he had to go to school, he took the steps necessary to either get an answer or to make the school administrator reconsider his decision the next time there is a snowfall.
  • Successful Strategy: Self-made millionaires do not become wealthy without implementing a well thought-out strategy. In this case, Dave wanted his thoughts to be heard, wanted an explanation from Dean, or just wanted a call back. Either way, he pretty much got what he was looking for. His message was clear and compelling enough to actually get the administrator’s wife to call back.
  • Went to the Source: When wealthy people have questions, they don’t try to figure it out on their own. That would cost them too much time, and time is money. They go right to the most knowledgeable person they can find for answers. The high-school student had questions that were apparently left unanswered, so he went to the only person who could give him an explanation. He went directly to the decision maker.
  • Resourceful: What appears as good luck to others, is actually just millionaires being resourceful. They have the ability to uncover rocks in order to find new investment opportunities and get connected with the right people. Dave had the brains to figure out who was in charge of this decision, and then took the time to find a way to track him down.
  • Curious: The rich want to understand how things are done and decisions are made. Maybe Dave was genuinely curious, and wanted to know why the decision was made to keep the school open, or maybe he wanted to know how that decision was made.
  • Dignity: Wealthy people have a lot of self-respect, and don’t allow others to mistreat them. Dave stood up for what he believed was right, and wanted answers. Any risk or fear in calling the chief operator at home was overshadowed by his strong desire to be vocal with his beliefs. Then when the administrator’s wife left a message, he did not allow her to disrespect him. As a result, he publicly allowed the public to decide if the return call response was just.

While the public’s opinion on how the high-school student handled the situation is either criticized or hailed, I find his actions to be redeeming qualities that exemplify a highly successful person. Identify your objective, focus on the strategy to reach that objective and take no prisoners in reaching that objective.

Facebook Dims the Beacon Spotlight (Business Week)

By: Green Panda | Date posted: November 30, 2007 (4:02 pm)

I’m a Facebook user and enjoy its services, but I wasn’t crazy about beacon. I’m happy that they changed the program into an opt-in. It seemed invasive to have this as an opt-out. Frankly I felt the program went against the spirit of Facebook, which was about choice of privacy.

Read the rest.

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Fed Cuts Key Rate by .5% Point

By: GreenPanda | Date posted: September 19, 2007 (9:18 am)

The Federal Reserve Tuesday responded aggressively to a housing downturn that threatens to spread to the broader economy, cutting its main benchmark interest rate by a half-percentage point and broadly lowering borrowing costs.

read more | digg storyWhat doe sthat mean for us? An article on abcnews.com provides an answer.

Rate cuts take months to fully work their way through the economy, but consumers and businesses could quickly feel some impacts from Tuesday’s cut in the federal funds rate to 4.75% from 5.25%. The fed funds rate is what banks charge each other for overnight loans.In continuation of the Fed’s cut, the Wall Street Journal has a wonderful article, What the Rate Cut Means for You. Here’s just a snippet of the topics discussed. I highly recommend this article and this week the Wall Street Journal’s content is open and free to peruse. Rupert Murdoch wants to make this permanent, but no decision as of yet. Check out this wonderful resource.

RATE EXPECTATIONS

Here’s how the Fed’s rate cut could affect your wallet:

Expect lower rates on home-equity lines of credit and some credit cards.

Brace yourself for lower yields on money-market funds and savings products.

Borrowers with adjustable-rate mortgages tied to Libor aren’t likely to get immediate relief.

Fixed-rate mortgage rates could move higher if inflation worries grow.

Bernanke: Just Say No To Lowering The Interest Rate

By: GreenPanda | Date posted: August 09, 2007 (10:43 am)

I’m sorry for the lack of original posts, but I have a final tomorrow. My priority is to get ready for the exam. Next weekend I’ll go ahead and write original posts like usual. I was reading an article in BusinessWeek on the Fed’s decision with the interest rate. It’s the same as before, 5.25%.

Here’s the quote that I found interesting in this article:

Nodding just slightly to concerns about a credit crunch, the committee said “credit conditions have become tighter for some households and businesses, and the housing correction is ongoing.” But it went on to say: “Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.” The committee even said it continues to regard inflation as a bigger risk than an economic slowdown.

Some people may think that in the wake of the increase in foreclosures this tactic is insane. The other side of the coin is :

Bernanke’s approach recognizes that the Fed can’t be all things to all people. If the Fed lowered rates to rescue subprime borrowers and their lenders, it would raise the risk of excessive borrowing and speculation in other sectors, possibly causing higher inflation and a stock bubble. Bernanke’s approach is being supported by many of his fellow academic economists.

Well, what do you guys think? Did the Fed make the right call? Please leave a comment.

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Update: Wise Bread has an excellent article going into more detail about the Fed’s purpose. Phillip Brewer gives his opinion on why there’s no need for a panic. Please go over and check it out.

Why One Guy Quit His 6-Figure Job

By: GreenPanda | Date posted: August 08, 2007 (12:04 pm)

Wow, I saw this  Men’s Health article online and I was very surprised to say the least. My question is, would you able to do this? As you know, I love reading stories of people who take the chance in their careers to fulfill a dream. This story follows the same vein.

Go figure, the men’s magazines have better stories than the woman’s magazines.

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A Powerful PSA About Drunk Driving with Lane Garrison

By: GreenPanda | Date posted: July 31, 2007 (4:23 pm)

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I came across this PSA on TMZ.com. It’s oe of the most moving drunk driving ones I’ve seen. I just wished it was created under different circumstances. For those of you that don’t watch Prison Break, Lane Garrison played ‘Tweener’ on the show. The actor killed a young man while driving drunk and now faces a maximum of 6 years in prison.

Update:

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