Personal Finance

BIGGE$T LO$ER

Submitted by ub on Sun, 01/08/2023 - 12:10
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Billionaire Elon Musk secures a world record for largest-ever loss of personal fortune. Doeschis losing continue draining finances?

The exact figure continues to change but Musk’s losses appear to easily surpass those of the previous record-holder, Japanese tech investor Masayoshi Son, who lost $58.6 billion in 2000.

The Biggest Losers Of 2022

Elon Musk

-$125 Billion

Krypto Bankman Fried

Submitted by ub on Tue, 12/13/2022 - 05:35
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His name alone basically says it all. A cryptocurrency exchange guy Is arrested in the Bahamas by federal prosecutors in NYC.

FTX founder Sam Bankman-Fried has been charged by U.S. regulators with defrauding investors after he was arrested overnight in the Bahamas on criminal charges. Every dog has its day, especially if they swindle anyone inside the good old USA. A cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

FAMILY FRAUD?

Submitted by ub on Thu, 09/22/2022 - 07:38
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The walls are closing in on the entire Trump clan and it now shows. Papa Donald is panicking and will soon become unhinged.

The Donald has spent most of his 76 years inflating his wealth, boasting about his fake achievements and exaggerated abilities, but New York State’s civil lawsuit, which is over 280 pages long, is the first time his carnivalesque business practices have exposed him to existential legal consequences. 
 

Queen of The Road?

Submitted by ub on Mon, 07/25/2022 - 15:20

Homelessness in America really sucks all year round but especially during a pandemic and Summer heatwaves in dangerous Global Warming times.

Classical Gas

Submitted by ub on Mon, 06/20/2022 - 11:24
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We went searching for the least expensive gas available in the New York City area and paid $4.79 or $76.77 at BJ's to fill up two cars.

If you are an American consumer who paid a fortune at the pump this weekend, please know that Democrats recently voted to crack down on gas gouging and every single republican voted no.

ECONOMIC JOLT
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ub Wed, 06/15/2022 - 18:09

Economists war that Americans and the entire world need to continue tightening our belts for the long and bumpy ride ahead.

The Federal Reserve faces the daunting task of reassuring the public that is increasingly convinced the central bank has already blown it. Slam the breaks or slow down?

When the Fed raises rates, it would imply that the banks are seeing a growth in credit disbursement. A lot of people are opting for the loan facility. So, in order to satisfy the need for credit, banks usually shift their reliance on fixed deposits. 

Kissing Up To Billionaires
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ub Thu, 10/28/2021 - 09:00

Top Democrats who signaled a deal on POTUS Joe Biden's big domestic bill point out that momentum fizzled and tempers flared as a paid family leave proposal fell out of favor and so did the billionaires' tax appeared scrapped, mostly to satisfy The Demolition Duo, US Senators Joe Manchin of West Virginia and Krysten Sinema of Arizona.

Parrot vs Patriot
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ub Sun, 10/03/2021 - 08:36

Whether an individual consumer, business owner, community leader, elected or appointed official, if you are still opposed to higher minimum wages then you are just plain STUPID, don't care, and certainly DO NOT understand the engine that drives the US economy.

If you want to be a PARROT, instead of a PATRIOT, go ahead, keep "parroting" those talking points about the devastating effects a higher minimum wage would have on the economy that your political party, chamber of commerce, or other conflicted and the self-serving source is shoving down your throat!

I’m What I Am

Submitted by ub on Tue, 08/24/2021 - 12:25

I was born in Cuba the most beautiful Caribbean island on planet earth. Today I still live in one, City Island - A Slice of NYC Paradise.

Our Wedding Pledge

Submitted by ub on Tue, 08/10/2021 - 04:18
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Eight years ago we were married on City Island - A Slice of New York City Paradise. A year earlier I asked Yirong to marry me at the local NYC beach during the annual July Fourth Fireworks celebrations and extravaganza.