Charges against Bernard Madoff include the running of a Ponzi Scheme. Named after Charles Ponzi. This is a pyramid type scheme, slightly different in nature, were investors are promised a higher than average return for there investment.
Click here to go to Wikipedia For more information on this type of scheme.
The arrest came about when Mr. Madoff informed his senior employees of the fact that his firm was just a form of the Ponzi scheme.
Thursday, December 11, 2008
Founder of Bernard L. Madoff Investment Securities was arrested.
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Ralph
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3:54 PM
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Labels: Bernard Madoff, Fraud, Investment, Ponzi Scheme, Securities
Tuesday, December 9, 2008
The F 18 crash san diego - What does the military plan to do?
On Dec, 8th, 2008 a F 18 crash san diego was reported. That is a Military Jet an F 18 crashed into a residential area in San Diego. Over 20 residence were evacuated from their homes and have not returned.
The military should be held accountable for this tragedy. Three people have died from this accident and this community now lives with fear every time they hear an F 18 fly over head.
Should there be a ban on the military flying war planes over residential areas?
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Ralph
at
7:59 AM
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Thursday, December 4, 2008
Model Melissa Britos and Yankee slugger Alex Rodriguez, Together?
It appears after his recent divorce to Cynthia Rodriguez, the A-Rod (as he is sometimes known) appears to not get enough time from Madonna and has been seen hanging out with Melissa Britos.
Will this be a new start for the shake relationships of A-Rod's past or is she just another ship in the night?
Melissa Britos is a model that has her picture on the CapeFearWedding.com sight were she was in the bridal fashion 2008, with an absolute gorgeous picture of her in a wedding dress.
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Ralph
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11:05 AM
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Labels: Alex Rodriguez, Madonna, Melissa Britos, Yankee Slugger
Wednesday, December 3, 2008
The Beige Book, the economic book for the feds
The beige book, the Federal Reserve's beige book. Show that as of Wednesday, Dec, 2, 2008, that the overall economic activity has weakened across all Federal Reserve Districts. (Big shock there! Not!!)
The book is compilation of anecdotal evidence of economic conditions in each of the twelve Federal Reserve districts. It noted consumer spending is weak, within each districts generally report, showing a decrease in sales.
The report shows that the bargain and discount stores are showing an increase in spending, while the once more popular department stores are slowing down. This coupled with the constriction in the service industry from the last report are not surprising to anyone and very much expected.
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Ralph
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12:29 PM
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Labels: Beige Book, enomic report, Federal Reserve
Tuesday, December 2, 2008
The Marriage Calculator!
You have all heard it. You only have a 50-50 chance of your marriage lasting. Now, we have some good news for you. The odds of your marriage lasting is going up and the truth is that there are several other factors that must be accounted for before you can give an accurate accounting for you chance of a long and fruitful marriage.
Betsey Stevenson of the University of Pennsylvania's Wharton School said that since about 1979 the divorce rate in the USA has been on a slow but steady decline.
There are several factors but many are starting to argue that as we have eased our way towards the current recession that more people are willing to stick together than be forced to go it alone. (Just one opinion of many).
With sites out there on the internet like Secretsoffamilylaw.com offering help with child custody and putting parents in touch with resources that not only help them with the legal system but allow them the opportunity to see what they are going to have to go through just to retain or obtain custody of their children, it is an eye opening experience for newly married couples that are stressed out over finances and the happiness of their children.
I want to thank Secretsoffamilylaw.com for letting us review their materials and interviews with the company. They are extremely helpful.
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Ralph
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1:34 PM
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Labels: advice on marriage, calculator, child custody, divorce, marriage, Marriage calculator
Monday, December 1, 2008
The Alabama's slammer is going to have a new tenant - Mayor of Birmingham Larry Langford.
Its not just a drink, the Alabama slammer might have a new inmate, Mayor Larry Langford, of the city of Birmingham.
It appears that he has been worried more about his pocket than the city. He was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of bankruptcy.
Montgomery investment banker Bill Blount and lobbyist Al LaPierre were charged in the 101-count indictment released Monday.
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Ralph
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12:59 PM
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Labels: Larry Langford, Mayor of Brimingham
Susan Rice is currently the UN ambassador choice?
President elect Barack Obama has chosen Susan Rice as his pick as the UN ambassador. He is picking an advocate of “dramatic action” against genocide. He wants to round out his national security team. The USA and maybe even the world watches as he puts together the next presidential entourage for world peace.
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Ralph
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10:27 AM
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Labels: Barak Obama, president, Susan Rice