Sometimes mixing money and media makes people mad. In the case of a Mint.com blogger it created a frenzy of bad press and internet backlash. The Infographic has been banned, pulled off the web to hide the shame. So we just had to give the public another chance to see it and get the full story from the top sources…
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The Social Security Situation
Workers pay taxes which are then put into the Social Security Fund. The fund holds US Treasury Bonds, totalling $2,331,247,228,000 at the end of 2008. Current retirees are supported by current workers through payroll tax, which is what makes Social Security a pay-go system. Source
BP Bankruptcy Looming?
Can BP can financially survive the disaster in the Gulf? Sure, the oil giant is a diverse, international money-making machine, but the Guardian reported Monday that BP had already spent $1.25 billion seven weeks into the oil spill, with no clear end in sight. The company will be dealing with an avalanche of lawsuits for [...]
Bonds May Push Cities to Bankruptcy
June 7 (Bloomberg) — The bonds designed by the U.S. government to help municipalities recover from the worst recession since the Great Depression may cost them millions of dollars in unforeseen borrowing costs instead of saving them money. Build America Bonds were part of the American Recovery and Reinvestment Act, passed in 2009. The government [...]
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Mints Mexican Money Mishap: Evil Anti Immigrant Infographic?
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Many in need don’t file BK
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NJ Reality Star Files Bankruptcy
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The Social Security Situation
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BP Bankruptcy Looming?
