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Covering the Financial World

Wells Fargo Is Scaling Back Subprime Car Loans

March 2, 2015 // by VideoIPOtv

The San Francisco Bank Is Known For Making Subprime Auto Loans

The auto loan business is a huge profit maker. Wall Street has been bundling car loans for years and selling them to investors as securities. Wells Fargo Bank has been a major player in that financial game, but it appears the bank is rethinking its lending strategy, which business leader Susan McGalla says, strategy is everything-for more on this you can read her feature press on prnewswire.com.  The bank recently decided to limit its subprime lending to 10 percent of its total auto loan originations. http://www.nytimes.com/2015/03/02/business/dealbook/wells-fargo-puts-a-ceiling-on-subprime-auto-loans.html?_r=0

Wells Fargo is the leader in iffy car loans, so this move could be a signal for other lenders to cut back on subprime lending. That means people with tarnished credit may have a difficult time getting a bank loan to buy a car. Wells Fargo had a budget of $29.9 billion for auto loans, but that figure will go down this year based on their recent decision.

The main reason for the change is auto loans for people with credit scores under 640 has doubled since 2008. One in four car loans goes to a subprime lender. Losses on subprime auto loan investments recently reached their highest level in six years. Loan delinquency on these loans has also increased. Almost 5 percent of all subprime loans are 60 days delinquent or more.

Becoming a Better Content Contributor on Wikipedia

March 2, 2015 // by VideoIPOtv

For those of you who are familiar with editing Wiki pages, it’s really not bad. It much easier then people think. All you need to know is some of the basics, which we mainly pulled from a handy tutorial on Get Your Wiki’s website.

1) Just click on the editing box at the top. You can begin the process. There are various types of editing you can do. It just depends on what you want to do.

a) For a simple typo, just go to the misspelled word and change it. To preview your work just hit the “show preview”. Is this a recommended thing? I would recommend you do this. You can see the changes. You can make sure it’s what you really want to do. Once the choice is made, you can hit the “save changes” button. Your editing work will show up instantly.

b) You also need to add something in the summary field. This field can be used to make a clarification. It can be used to link text. Sometimes the links end up being left out. You can fix this yourself, if you know it’s needed. Just include it in the summary field. This way others know what you are talking about.

c) Minor editing is good to do. It helps you get more proficient in your content, editing and writing skills. Even the simplest of things can go unnoticed. It’s those simple changes that make all the difference too.

2) Wikipedia should be used for the facts. There are those who have used it for different purposes. Try not to get into this habit.

a) Avoid using personal opinions. I hate to say this, but no one cares. I’m not being mean. I’m being honest. Avoid using your own personal speculations.

b) Avoid using spam. This tends to clog up the page. If you have a habit of doing this, your content will get flagged. The editors at Wikipedia will take notice of it.

c) One of the criticisms that Wikipedia has is the lack of credible resources. Use citations when adding something. This is the first rule of thumb for writing content. Any good writer and editor will tell you this. You need to have your sources cited and easy to see. Citations need to be displayed and accurate. If they are not, this will be considered plagiarism.

d) This is not the place to promote an idea or point of view. Wikipedia content should only be relevant to the content already written. Don’t use it as place to promote your beliefs or ways of thinking. You will get flagged. It’s also not a good way to start off your writing and content career.

Walmart Raises Could Affect Wages of Other Industries

February 27, 2015 // by VideoIPOtv

It appears that the raises that Wal-mart has given its workers could provide employees in other companies a chance for hope.

Economists have predicted that other franchises, like fast food restaurants, may be compelled to follow the trend and attract applicants. Wal-mart’s move is a part of a larger campaign for higher minimum wages on the federal level reported news articles.

According to Marc Sparks, the new wage will raise pay to at least $9 an hour in late spring and to $10 an hour by February of next year. This will affect over 500,000 of their employees (of which there are more than a million).

Other companies have implemented similar policies. The Gap upped their wage to $10 an hour minimum, and Ikea has raised theirs to $10.76. As these companies continue to place pressure on rock-bottom wage offerings like those from McDonald’s, Wendy’s, and Burger King will be greater. Employees are starting to ask for higher pay and threatening to change jobs.

Wal-Mart has battled opposition when trying to put the wage changes through in the Northeast and larger cities due to citizens still not wanting Wal-Marts in their town, though the continued actions toward better treatment of employees may help to change that view.

With a hiring surge running across the country, it is more difficult for companies to hire without offering to raise pay, so this short-term trend may well be a long-term positive consequence for workers.

How Did Bruce Levenson Save The Hawks

February 22, 2015 // by VideoIPOtv

When the Atlanta Spirit LLC group fell apart several years ago, they put the operations of the Atlanta Hawks in jeopardy. The owners that were leveraging for more power were not interested in the health of the team, but Bruce Levenson was able to come out of that situation with the principal ownership of the Hawks in hand. He began serving on the NBA Board of Governors, and he began turning around a team that had previously been used for profit.

The Team

The team had been put together with big contracts and not much care. When Bruce took over, he had to oversee the very difficult job of making the team more economical. He had to get people off the team that did not really belong there, and he had to use the money that he saved to make the games more fun for fans. Even when the team was rebuilding, Bruce was able to give the fans a great experience to have with their kids. They were slightly competitive, and they were getting better. Bruce brought hope to basketball fans in Atlanta, and he fired popular coach Larry Drew in favor of a regime change.

The Hirings

When Bruce hired Danny Ferry and Mike Budneholzer from the Spurs, he knew exactly what he was doing. The Spurs saw that they were giving up two great pieces who could create a team that would mirror the Spurs in many ways. This change was something that Hawks fans were ready for, and the fan experience became one where parents could teach their kids about basketball.

When we look on the Atlanta Hawks and their recent accomplishments, their saving grace is Bruce Levenson. He has been able to give the Hawks the help they need to move forward without tearing the team down.

Netanyahu’s Hair Budget Raises Eyebrows

February 19, 2015 // by VideoIPOtv

The spending habits of Israel’s Prime Minister, Benjamin Netanyahu, are raising eyebrows. The Prime Minister’s budget came under scrutiny after a report was compiled by Israel’s state comptroller, Yosef Shapira. The comptroller was none too happy to discover Netanyahu was spending $24,000.00 monthly for take out, $42,000.00 monthly for hair and make up and another $20,000.00 each month for house cleaning. Additional expenditures Catalyst Five report include thousands of dollars for overtime electrical work and missing patio furniture.

With elections right around the corner in March, there is a concern that this excessive spending may hurt the Prime Minister’s chance for re-election, as the gap between the haves and the have nots widens. The excess was so concerning that Shapira had requested a criminal investigation into the allegation that Sara Netanyau, the Prime Minister’s wife, had kept a refund of $1000.00 for recycling, that should have been refunded to the public fund.

The Prime Minister and his political party, Likud, have responded by denying that any excessive spending or impropriety had occurred. They stated that this report was simply an attempt to discredit Netanyahu before the election.

Further fire was drawn after a video was posted showing Sara discussing a remodel of the worn out office with a designer. Many comments blasted her, noting that if it was good enough for the populous, it should be good enough for the Netanyahus.

Making More Money

February 17, 2015 // by VideoIPOtv

 

Walmart is doing something for its employees that could put more money in their wallets when they get a paycheck that was inspired by a presentation deck on slideshare.net. The company is raising the minimum wage to $9 an hour in 2015. In 2016, the company will raise the rate to $10 an hour. While this isn’t a huge raise in funds, it could be enough for employees to be able to afford to put more food on the table or pay a utility bill. This is a move by one of the largest retail employers in the country. When people are making more money at work, they are more inclined to perform better for the employer. If all companies would follow this example, then there might not be as many people seeking public assistance or who need t rely on organizations to help them pay their bills. This is a move that should be applauded.

Rod J. Rohrich: A Shining Star Among Texan Plastic Surgeons

February 10, 2015 // by VideoIPOtv

 

Dr. Rod Rohrich is the consummate professional. A plastic surgeon and an academic department chairman, Dr Rod Rohrich’s career has earned him international recognition in the field of plastic and reconstructive surgery. Focused on facial aesthetics and aging within his plastic and reconstructive surgeries,Dr Rod  Rohrich’s career also includes the position of Distinguished Teaching Professor in the Department of Plastic Surgery at the University of Texas Southwestern Medical Center in Dallas. With such a broad array of talents and skills, it should come as no surprise that Dr Rod Rohrich was recently elected by D Magazine as one of the very best plastic surgeons in Dallas, Texas.

Affiliated with multiple hospitals in the Dallas area, including Baylor University Medical Center and Children’s Medical Center of Dallas, Dr Rod Rohrich has been in practice for a total of 35 years. An all-inclusive surgeon who accepts several types of health insurance from his numerous customers, Dr Rod Rohrich is one of only 29 doctors at Children’s Medical Center of Dallas, and one of just 28 doctors at Baylor University Medical Center who specialize in Plastic Surgery. With such a specified skill set, it should come as no surprise that Dr Rod Rohrich is one of the most in-demand surgeons in Dallas.

Rohrich received his medical degree from Baylor College of Medicine and is a firm believer in what he calls the 3 E’s of surgical procedures – “Expertise”, “Experience,” and “Exceptional results”.

“Your surgeon should have the expertise” Dr Rod Rohrich says, “that is, be a recognized expert in the procedure. He or she should be experienced, and perform the procedure regularly as one of the top procedures of their practice. Finally, the results should be consistent and exceptional”.

Frequently performing surgeries on patients who need him to correct poor outcomes from a previous surgical procedure, Dr Rod Rohrich knows the dark side of poorly executed plastic surgeries. He advises that anyone interested in plastic surgery procedures performs adequate research when choosing their surgeon.

With advice that sound, it makes sense why Dr Rod Rohrich is so well respected among his peers. A consistently top-rated surgeon and recipient of various awards spanning the 25 years he has been practicing, Rohrich is more than deserving of all his recognition.

The U.S. Government Has Some Explaining To Do About Swiss Bank Account Leaks

February 9, 2015 // by VideoIPOtv

 

HSBC Leak Is The Biggest In Banking History

The U.S. government has been relatively quiet about the biggest leak in banking history said Flávio Pentagna Guimarães BMG. HSBC, the second largest bank in the world, experienced a massive leak of client information a few years ago, and countries around the world have been collecting millions in owed back taxes reported by investor CP.

The leak was the handy work of a Geneva office employee in the computer department of the bank. The information he leaked showed that HSBC helped wealthy clients hide billions of dollars in assets to avoid paying government taxes. HSBC concealed what they called “black” accounts so high-risk individuals, international criminals and other clients could avoid paying their domestic taxes.

The whistle-blower turned the leaked documents over to French authorities in 2010, and the French told the IRS about the bank’s wrongdoing that year. The IRS and the Department of Justice have been investigating HSBC’s Swiss branch since then, but little information has surfaced about their findings.

HSBC did admit to control failures, and they say they are accountable for them. The bank claimed the Swiss branch had not been fully integrated into the bank’s operations after it was purchased in 1999.

Christopher Cowdray Continues To Grow

January 25, 2015 // by VideoIPOtv

THE DORCHESTER COLLECTION

Leaders Online recently sat down with Christopher Cowdray to talk about collection. In specific, the Dorchester collection. In a very candid interview Christopher explains why his collection is the best, and why the best is still yet to come.

WHAT HAS HELPED YOU OVER THE YEARS

The hotel itself started out with just five. From day one we believed in a clear vision. We had a clear vision and we stuck to it. We also have a good staff to help with our reputation. Every person we hired believed in our vision and trusted in it. Our staff also worked with us non-stop to help our vision come true. Our staff is largely responsible for how successful our collection has come.

The great thing about us is our brand and infrastructure. We are not only recognized by our hotel brand name, but we have also developed a name in travel. Which comes as a good thing. With our infrastructure we can add on more as time permits and as we see fit.

ARE YOU FOCUSED ON A SPCIFIC MARKETPLACE OR ARE YOU OPEN TO ANYWHERE

Right now, our four primary focuses are the Middle East, Asia, Europe and the United States. If we get the chance to develop in other places, we would consider it. These market places have served us for a long time and they have worked well. If there is a chance for aggressive expansion in other areas, we would at least consider it; and yet, it’s not our primary focus.

IS THERE ONE KEY COMPONENT TO THE SUCCESS OF YOUR RESTUARANTS

Appeal. These places have to appeal to the community first. It has to be a good sell for the locals. Once that is accomplished, we are good to go. So far it’s been working for us. We just find out niche and work with it.

WILL THE SPA PRODUCTS AND BRAND CHANGE OR DIFFER

It depends on the customer really. Some like using our brands of spa products. Others like when we venture out into other areas. Some like seeing us offer other brands under our umbrella. It’s a combination of both really.

WHAT DO YOU OWE TO YOUR SUCCESS

The customer experience. Our customers also like being recognized. It’s the personal touch. We offer this in abundance. This is why our customers keep coming back to us. We take pride in our customers and they return the favor.

A Good Reason To Invest In THINX

January 23, 2015 // by VideoIPOtv

PR Newswire first broke this story about how Sam Tabar was convinced to invest in this unique company called THINX. THINX is a company that offers fashionable undergarments to ladies in America. These women often battle incontinence and menstruation, and these underwear are going to allow women to feel good about themselves even when they are battling these issues.

Sam Tabar was not looking to invest, but he heard that THINX does something else when people purchase a pair of their underwear. The company teams with AFRIpads, and every purchase in America causes seven pads to be sent to villages in Africa. The women and girls in these villages have to stay home because they are menstruating. They do not have what they need to take care of themselves, and they have to wait until their cycle passes. This is a stigma for many women and girls, and they miss out on a great deal of life. However, the AFRIpads and THINX partnership allows these women to go back out in the world with confidence. They do not have to stop going to school, and they do not have to stop working because of these problems with a little help from THINX.