Monthly Archives: September 2013

Weekly Economic Update | LAEDC

laedcTHIS WEEK’S HEADLINES:

Three Credit Mistakes That Will Lower Your Credit Scores|creditcardinsider

When it comes to the world of credit reporting and scoring, misinformation and myths abound. You will find many self-proclaimed “experts” or “gurus” laugh out loud who are all too quick to give consumers advice regarding how to improve credit scores. Even your cousin, your parent, your banker, or your Realtor may think that they have great credit advice to give you.

While your loved ones and even some of the “experts” may have good intentions at heart, you should be very careful before blindly following advice about how to improve credit scores. Following the wrong advice could damage your credit scores and might cost you a lot of money in the long run. Controlling your credit scores isnt like making a pizza, where even if you do it wrong it still tastes decent.

Here are a few of the most popular credit myths which, if followed, could have very negative consequences for your credit scores:

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Multitasking is a Myth | Peter Mehit

multitasking

We congratulate ourselves on being able to juggle many things at one time. Usually this celebration occurs as we speak to someone over our Bluetooth headset, between bites on a Big Mac while driving. We Twitter while on Facebook, instant message in meetings. Think about other things while we’re doing things.

Then we’re shocked, shocked, when the school proclaims our child has ADHD. Our way of life is ADHD. Soon we’ll be fretting when our kids don’t have it.

We think we can do many things at the same time, but we can’t. It’s simply not true. Human beings can only focus on one thing at a time. Not even computers can do it. They take whatever work needs to be done and break it up into threads so they can utilize tiny time slices on a processor.

People who think they’re good multitaskers, I like to call them delusional, use the reasoning that because they can handle a high volume, chaotic flow of information and requests, they should. But it’s a huge waste of time. Don’t believe it? Check this out.

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Confession | because I said I would.

The video speaks for itself. I found it while scanning CNN online.  Mathew Cordle confessed to the drunk driving death of Vincent Canzani in Ohio last June. Watch it and draw your own conclusions.

What is more amazing is the good that will come of this. The site it is posted on, because I said I would. is a social change site that encourages people to keep their promises by writing and exchanging promise cards. An idea that I would have thought was a nice piece of piffle, until I saw this video.

What Matthew Cordle did was horrible; what he did about it is amazing. because I said I would was the vehicle for it.

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Media Elites Are Creating Twitter Accounts for Their Babies | New York Magazine

Woman with baby and laptop in bedHarper Estelle Wolfeld-Gosk has 6,282 Twitter followers. She’s 2 weeks old. The daughter of Today show correspondent Jenna Wolfe (58,610 followers) and NBC News correspondent Stephanie Gosk (12,356 followers), Harper was registered for an account at birth by her moms to “give her a little voice in the loud world of social media,” said Jenna. “Didn’t know if anyone would follow her tweets, but I figured she’d have at least two loyal followers — her mother and me. Turns out, she’s pretty funny. Guess it was all that amniotic fluid.” The tweets are written in the infant’s voice: “First doc appt tdy. Big success,” reads the second one. “Pooped AND pee’d on Dr’s changing table. Everyone laughed. Will have to try that again tmrw at home.”

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Weekly Economic Update | LAEDC

laedc

THIS WEEK’S HEADLINES:

Facebook is Getting More Two-Faced By the Day | Jay Baer

FacebookWithin 96 hours, Facebook made two pronouncements (I like to imagine them being made via scrolls read in a town square, preceded by trumpeter fanfare, but in reality they were simple blog posts). The first change handed down from Mount Hoodie is that Facebook will now use “content quality” as a factor in the algorithm that determines when and how much your Facebook posts are seen by your fans and beyond.