Friday, October 15, 2010

Making Money Scams


The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








The magic of the free market and the wisdom of our Wall Street producers/betters at work:



Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.



Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.



These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.



Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.



At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.








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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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A month ago, I began a social experiment, to see if it's indeed possible to make money on the internet, without the use of a web-camera (if you know what I mean). I am a stay-at-home mom who loves surfing the internet, and I thought, wow, maybe I can make money off of it! Of course, I thought this was the most original idea known to man until I started researching it and realizing that everybody (and their mama) has a blog about making money on the internet. It's very overwhelming to know where to start, and to not fall into pitfalls along the way, so I intend to create a series on my social experiment in the months to come. This is the first in my series. I'm calling it "Making Money on the Internet". Original, huh?

The first place I started to look was on www.WAHM.com to find what other stay-at-home moms were doing. While I was pregnant, there was a huge buzz on medical transcription, but I didn't want to pay money in order to learn anything. I wanted to utilize my own talents (i.e. knowing how to Google), and waste time. Not saying that medical transcription is a time-waster, it's just not for me. I found out that a lot of people were also selling cosmetics and kitchen utensils. Once again, not for me because I'm not a good sales person. And I can't do that while chasing behind a baby. Not saying other people can't, just not my deal.

One thing that interested me on the WAHM forum was that moms were doing surveys and getting paid for it. I know it sounds weird, but I did not realize there were valid paid surveys on the internet. I am usually circumspect about all those "click here" banners, so I never did. However, I found that forums were a great place to learn about what surveys were scams and what surveys actually paid money. Another great resource is Annika's. I found out so much from her site. There's also a lot of free information on Survey Police.

I'm not planning on endorsing any survey or company here, but I will go into detail on my own blog.

After I stepped into the cold waters of paid surveys, I realized that only a few of them make any difference in my bank account. Since this experiment is a month old, I have only gotten paid once, but I can see the trend, and I soon understood that I needed to broaden the ways that I can earn income over the internet. So I decided to start Paid To Click services. Paid to Click (PTC) are companies that send you emails and you have to view the email for a certain amount of time (usually 30-60 seconds) and then your account gets credited. Usually you earn $.02 per email. Of course that doesn't seem like much, but the companies I've signed up for send 5-10 emails a day, so it adds up.

Now, I'm not trying to get rich here. What I'm looking for is making enough each month to purchase diapers, maybe wipes... maybe mascara.

In addition to Surveys and PTC, I decided to start blogging. I definitely did not know people were paid to blog. I did not realize that the advertisements on the blogs were put there intentionally to bring in revenue. I thought the ads were a by-product of the blog being a free service. Maybe, in certain cases, they are, but overwhelmingly, smart bloggers are getting paid to include advertisements on their sites. So, you get a free blog, and then get traffic, and then sign up with companies that pay you to write blog posts on their products or pay you to have their banner on your site. Once again, I'm not endorsing any company on this article, so if you'd like more information, please visit my blog.

Now, I've also just started blogging, and hoping to increase my viewership. It's best to get involved in different networks, and update your blog regularly (from what I've read) to increase page views and loyal readers. I suppose interesting posts would also help!

This is just the beginning of my experiment. I'm happy with the results so far (a $3 check in the mail! woohoo), but I know it will be hard work in order to make money on the internet. Stay tuned for more about my experiment.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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Fox <b>News</b> Remains Far Ahead Of Cable <b>News</b> Competition During Pre <b>...</b>

Fox News Channel finished #4 in prime time on all of cable (total viewers) last week - the week before their ratings are likely to increase even further thanks to the miner rescue coverage. Here's a look at the rest of cable news:

Fox <b>News</b> Ratings HUGE For Final Chilean Miners&#39; Rescue

Fox News saw a staggering 7 million viewers as the final miner was rescued in Chile Wednesday night. The network averaged 7.066 million total viewers in the 8PM hour (when the final miner was rescued) and 4.862 million total viewers in ...

Fox <b>News</b> Gets Best Ratings Since Election Night 2008 With Miner <b>...</b>

Fox News' Day 2 miner rescue coverage (the final rescue from 8:15-9pmET) propelled the network to its best ratings since Election Night 2008. Fox News also beat broadcast networks FOX and NBC during that time period in total viewers.


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