Apple for AT&T

There are differences in opinions on Apple’s iPhone for AT&T. After weighing pros and cons it might just be that the iPhone has little economic benefit for AT&T. Here is why. Despite the 10 million subscribers who purchased the iPhone and added profitable business for AT&T, the company does pay Apple close to $400 per [...]

Three more banks die over the weekend

Three banks with assets totalling $1.9 Billion have collapsed on Friday. This brings the total number of closed banks to 84. The three banks are Affinity which had 10 branches will now be apart of Pacific Western Bank. The second bank is Mainstreet Bank in Forrest Lake in Minnesotta of which Central Bank paid a [...]

Merril Attracting UBS Advisors with Recruitment Deal

The new recruiting deal from Merril offers new advisors up to 140% of their trailing 12 month production upfront and a percentage of their annual production in annual bonuses with 60% in the first year, 50% in the second year, 40% in the third year, 30% in the fourth year and 20% in the fifth [...]

Economic Calandar for 08/31/2009

9:45 ISM Chicago Business Barometer
3:00 PM Farm Prices

The Economy Is So Bad…. 55 Jokes About the Recession

The economy is so bad, George W. Bush appeared in a flight suit and declared economic recovery was complete.
The economy is so bad, Bill Gates had to switch to dial up.
The economy is so bad, Dick Cheney took his stockbroker hunting.
The economy is so bad, Dr. Seuss rose from the grave to write a [...]

Ultra Wealthy Still Reluctant to Invest in the Markets

As the markets have recently risen, 16% of the wealthy with over $500,000 in investable assets invested in equities when the DOW reached 9000, with 15% already invested. There are an additional 26% of wealthy individuals who are waiting on the DOW to top 10,000 before they reinvest in the equity markets. The number of [...]

Fixed Annuity sales down 1st quarter 2009

Fixed Annuities sales were down for the 1st quarter of 2009 by $1.2 Billion. The decline is as a result of the increase in the market in 2009 resulting in a better return on CDs over Fixed Income products. In 2008, the Fixed Income sales were beating the CD sales as the markets took a [...]

Hi-Tech Hopes

The newest positive indicator reported in sight of economic recovery was the gain Intel reported this morning of its 3rd quarter earnings. The revenue reported was well above Wall Street expectations. Intel indicates revenues of $8.8 to $9.2 billion topping estimates of $8.1 to $8.9 billion. Sharing these high hopes is also one of [...]

Crisis investing

For insurance companies risk is everything……read more…

The Nokia N900

The Finnish cellphone maker will formally launch the N900 smart phone in October for about €500 ($713). It features a 3.5-inch touch screen, a slide-out QWERTY keyboard, 32 GB of storage, 1 GB of app memory, and Wi-Fi, among other features that prompted oohs and aahs in the blogosphere.
And unlike Nokia’s other phones that run [...]

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