The most effective debt collecting email I ever wrote | For A Beautiful Web
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This exercise taught me that even the trickiest situations can be handled better and resolved faster by plain, honest speaking.

Technical Debt is a wonderful metaphor developed by Ward Cunningham to help us think about this problem. In this metaphor, doing things the quick and dirty way sets us up with a technical debt, which is similar to a financial debt. Like a financial debt, the technical debt incurs interest payments, which come in the form of the extra effort that we have to do in future development because of the quick and dirty design choice. We can choose to continue paying the interest, or we can pay down the principal by refactoring the quick and dirty design into the better design. Although it costs to pay down the principal, we gain by reduced interest payments in the future.

Interesting!

waive

an interesting blog post on how banks set credit card limits

Today, we are bailing out the banks because of their greedy and deceptive lending practices in the mortgage industry. But this is just the tip of the iceberg. More is coming, I’m sorry to say. Layoffs are being announced nationwide in the tens of thousands. As people begin to lose their jobs, they will not be able to pay their credit card bills either. And the banks will be back for more handouts.

The Worst Is Yet To Come: Anonymous Banker Weighs In On The Coming Credit Card Debacle

外国投资人购买美国国债情况一览表

Treasury Stats on holders of US debt

Thailand ranked high

Foreign-held U.S. treasury debt

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

China our wingman with 750 billion in Treasury Bills.

The idea of this site is to build a number of free, easy to use, on-line calculators to help you calculate the cost of various financial products such as loans, credit cards and mortgages. Rather than going to a debt management company, or consolidating your loans, this site contains financial tools to help you get debt free yourself!

The idea of this site is to build a number of free, easy to use, on-line calculators to help you calculate the cost of various financial products such as loans, credit cards and mortgages.

Financial Calculators. Good for Skills class.

calculator to learn true cost

calculate how long you'll be in credit card debt, from board of governors of federal reserve system

from the Federal Reserve

Invest in technical debts that may never come due.

In a startup, we should take full advantage of our options, even if they feel dirty or riddled with technical debt. Those moralizing feelings are not always reliable. In particular, try these three things: Invest in technical debts that may never come due. The biggest source of waste in new product development is building something that nobody wants. This is a sad outcome which we should work very hard to avoid

bpettichord thoughtful discussion of the pros & cons of technical debt. http://bit.ly/tDjuI #yam http://twitter.com/bpettichord/status/3111092688

technical debt

Analysis of when and why having bad / no tech design does / doesn't pay. Basically it's a metaphor for thinking about how and why we make tech design decisions.

provides

A financial crisis is the worst time to change the foundations of American capitalism.

an insane article, on this day there were videos of tent camps in Sacramento, CA filled with people who had lost jobs. The editorial is by Michael Boskin

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

EMU - european monetary union

"There are accidents waiting to happen across the region, but the EU institutions don't have any framework for dealing with this. The day they decide not to save one of these one countries will be the trigger for a massive crisis with contagion spreading into the EU."

Brazil lost 650K jobs in 1 mo - Jan apparently??? how

A personal finance blog focusing on ordinary people dealing with unprecedented levels of debt.

Until last month, the clock had enough digits to measure US debt levels The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure.

The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure. The digital counter marks the national debt level, but when that passed the $10 trillion point last month, the sign could not display the full amount.

US debt clock runs out of digits

BBC News

卡奴是如何炼成 http://www.mint.com/blog/wp-content/uploads/2009/06/creditcardhell3.jpg

pds

When used wisely, credit cards can be the cornerstone of a sound financial strategy. A solid credit history makes you a good credit risk and that in turn allows you to purchase the necessities of life. But credit cards can also be a slippery slope. One misstep and you’ll tumble into the abyss of credit card debt hell, a mounting spiral of missed payments, fees, high APRs, and rate increases that will take years to recover from. Only by remaining vigilant can you hope to avoid this fate. Here’s our guide to what you may experience on the way down.

mmm, reminds me to top mine up. oooh for real-time banking!