Archive for August, 2010

“The Taxing Debate Over Taxation!”

This new article, “The Taxing Debate Over Taxation,” is the most recent to be placed on The Huffington Post and may be accessed here or by going to The Huffington Post and looking under Business.


Americans’ perception of taxes is both perplexing and disturbing.

Americans have difficulty grasping the effect taxes have on their lives. There are many reasons for their confusion.

Taxes have become a political football with each side vehemently arguing their position in hopes of being reelected.

The Bush Tax Cuts are set to expire at the end of this year and a decision must be made by Congress whether to extend them or let them sunset. If Congress does nothing taxes will return to the levels of 2002; the lowest being 15% and the highest moving back to 39.6, a 4.6% increase.

It’s understandable, given the complexity of the current tax code and the political posturing that clouds the discourse of such a sensitive personal subject, that the average person doesn’t quite know which is best for them and the economy.

What is the truth about taxes? Which are good and which are bad? This is the question we should be asking.

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Posted in Economy, HuffPost Articles, Politics, Taxes | 1 Comment »

“August is Hard on Banks in Three States!”

California, Illinois, and Florida lose 9 banks in the first 3 weeks of August.

In the first three weeks of August only 10 banks have been seized by the FDIC. Eight of them on Friday; four of them in Northern California. To date in 2010 the FDIC has closed 118 banks; 39 more than this time last year.

The month has been extremely damaging for three of the four states with the most foreclosures during the crisis. Four more banks were added to California’s total bringing their foreclosures to 31 since the banking crisis began in 2008. Though Illinois lost three banks this month Florida lost two at the end of July and two this week, passing Illinois by one with 38 lost in the crisis. Georgia still leads with 41. The four states have lost 147 total banks. That is 54% of all the lost banks during the two and a half year’s of the crisis.

It has been a fair month for the Federal Deposit Insurance Fund, with the exception of the three banks from Illinois. The overall cost to the fund in August is still less than a billion dollars. But the Illinois banks will cost an estimated $780 million of the total.

Losses in August have definitely slowed compared to the 22 banks closed in July, but there is one week left in August.

The loss of 15 to 20 banks a month is still unacceptable and means between 180 and 240 banks will be seized in 2010, many more than in 2009.

These losses will continue to erode the Fund and our financial well-being.

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Posted in FDIC Foreclosures | Comments Off

“In Geithner’s Fantasy World!”

My newest article has been posted at The Huffington Post and is available to read and comment on. Click on the link to go straight to the article in the Business Section.


There’s an incredible disconnect inside The Beltway and Geithner’s the drum major!

In the fantasy world of the Obama Administration and Treasury Secretary Timothy F. Geithner the country is improving and we should all be thankful for their swift and decisive actions.

Those heroic actions prevented the country from sliding into another Great Depression, but what is happening in this economy cannot be defined as recovery.

His recent Op-Ed in the New York Times, “Welcome to the Recovery,” explains why we should all feel better about the economy. “The economy is better than most Americans realize.” He actually believes that the actions they took to stimulate the economy at the height of the devastating meltdown prevented an even deeper collapse and put the economy on the road to recovery.

For whom?

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”A Great Performance: Lost on Main Street!”

Performing Arts Centers are feeling the economic pinch!

An amazing performance of acting and song echoed from the rafters and around the room touching every patron at the Orange County Performing Arts Center. The energy and joy the performers offered forth was received with applause and appreciation.

On Friday night I had the opportunity to see “In the Heights” at the Orange County Performing Arts Center. My sister’s boss had given her two excellent seats for the performance and she invited me. I had been a season ticket patron several years ago and had always appreciated the excellence of the performances the Center brought to Orange County.

The performance was worthy of Broadway and, in fact, boasted several broadway performers among the incredible cast. Danny Bolero (Kevin), Rogelio Douglas Jr. (Benny), Elise Santora (Abuela Claudia) and Natalie Toro (Camila) came to us from Broadway and gave us magnificent, fun, and energetic performances, as did the entire cast.

Their achievements brought accolades from everyone in the theater.

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“Final Audit,” A Trail of Greed and Revenge!

The new Blog about my murder mystery can be seen on The Huffington Post. It was posted in the Books Section and can be found near the bottom of the left hand column. Or, you can click on this link, and go straight to the article on the site.

I think you’ll enjoy it.


Damn, I love this Place.” Stephen Carston stared at the distant horizon where the water meets the cloudless blue sky knowing he might never be able to enjoy this again.

“If only things hadn’t…”

Life was great for Stephen Carston. Hell it was more than great—it was gluttonous. In my first novel, “Final Audit,” Carston was the fictional CFO for GlobalNet, a multi-national telecommunications corporation where there seemed to be no limit to the money executives at GlobalNet could make.

Their stock was skyrocketing reaching new highs everyday and with each new high Stephen’s net worth increased by millions. He was building a new three-story mansion of unequaled beauty in Boca Raton and was looking forward to the recognition and acclaim he would receive after its completion.

But that was a fictional financial world. Or was it?

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Posted in Bankruptcy, Economy, Fiction, Mystery | Comments Off

“A Small Business Dilemma – Survival”

This new post has just been accepted for The Huffington Post and was posted at 2:30 pm on August 6th. Read it on their page at: I have been selected as a Huff Post Blogger and will post more articles in the near future!

Here is the article at The Cutting Edge.


Small Businesses are not hiring or borrowing, because…there’s no demand!

This has been a long hard recession for small business. And though, officially, the recession is over, it has not ended for small businesses.

They are hesitant to take any risks or borrow more money, and most cannot even consider hiring new help. Things really began to slide downhill for small businesses and their owners after the financial meltdown of the Big Banks. And now they are fighting for their very survival.

The Big Banks are back to making money thanks to the largess of the taxpayers. But small businesses have received no help from the taxpayers, or Congress.

Production has improved. Hours worked have increased slightly. But neither of those improvements have helped small businesses. The perceived slow recovery has not benefitted small businesses either.

It has become a matter of survival for millions of small businesses throughout the country. From manufacturing and services, to retail, restaurants, and entertainment, demand for their products and services is flat or down. And, until that demand picks up, small businesses will not take on more debt to expand nor will they hire on just expectations that the slow improvements will continue.

Therein lies their dilemma.

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