Monthly Archives: September 2011

Weekly Economic Update | LAEDC

THIS WEEK’S HEADLINES:

Pork chopped: Rick Perry takes heat for barbecue blast | latimes.com

“Holy Smoke” co-author John Shelton Reed, a retired University of North Carolina sociology professor, said Monday that people in his state do not mess around with this form of cooking. “Barbecue,” he said, “is the third rail of North Carolina politics.”

Don’t laugh.

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Euro Tarp – Why It Will Be A Screaming Failure | ZeroHedge

9x times a problem doesn’t make the problem smaller does it? What could possibly go wrong?

GEEK ALERT: Some technical stuff. Really scary technical stuff. -Ed

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The SBA Doesn’t Loan Money | Lydia Mehit

Q. Should I get a loan from the SBA?

A. You can’t get a loan from the SBA, but you can get a SBA loan guarantee. Come again?

Well, first off, the SBA does not loan money, so you can’t get a loan from the SBA.

The SBA guarantees a large portion of the loan made by the bank.  This means you have to negotiate two sets of paperwork and get two approvals before you get funded.

Q. What is the benefit of a SBA loan guarantee?

A. An SBA guarantee gives the bank the opportunity to fund a loan that doesn’t meet their commercial requirements. The SBA guarantees the bank will receive their funds even if the borrower, you, defaults on the loan.  The guarantees range from 50 to 90% of the loan amount.

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‘Governments Don’t Rule The World, Goldman Sachs Rules The World’ | BBC

“This is not a time right now for wishful thinking that governments are going to sort things out,” Rastani said on an interview with BBC on Monday morning. “The governments don’t rule the world, Goldman Sachs rules the world.”

At first blush I thought, ‘At long last, the truth’ but it turns out that the BBC was likely punked.  -sigh-  -Ed.

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Federal Reserve Seeks Real-Time Monitoring of Social Networks, Bloggers, Forums, and “Influencers”

…the Fed will be able to specifically target information being put out by news web sites and even individual users (in forums or comments) and then respond to that information in kind by either contacting “key bloggers” and “influencers,” or simply ramping up their public relations machine to either discredit the message…

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Sometimes A Brand Isn’t Worth Saving. Here’s How To Tell | Co. Design

However, not all brands have the same potential for growth through revitalization. All too often, at the sight of declining sales, the knee-jerk reaction is to try to reinvent a brand without asking if it’s worth the investment in the first place.

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