Ronbowlens - Ron's Blog

Earlier this afternoon, it was Steve Cohen’s final fall from grace. Now, Bloomberg reports that Brazil’s one time super billionaire, and now negativeworthaire, Eike Batista, whose sprawling petroleum empire was once valued in the tens of billions, is set to file for bankruptcy tomorrow.

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Overdrafts Summed Up Nicely

On Managing One’s Bank Account “Don’t get mad at the overdraft charge… No, no — see, there’s your problem. You think of it as a penalty for taking out money you don’t have, but instead, it is mi…

I dearly love to quote Shit My Dad Says, especially about money

All over America, formerly prosperous communities are being transformed into crime-infested wastelands of poverty and despair. Of course the most famous example of this is Detroit. At one time, Detroit was the greatest manufacturing city that the world had ever seen and it had the highest per capita income in the entire country. But now it has become a rotting, decaying hellhole that the rest of the planet laughs at. And of course Detroit is far from alone. There are hundreds of other U.S. cities that are suffering a similar fate. In this article, the focus is going to be on Camden, New Jersey, but the truth is that there are lots of other “Detroits” and “Camdens” all over the nation. Jobs and businesses are leaving our cities at a staggering rate, and what is being left behind is poverty, crime and extreme desperation.

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VIDEO: Syrian Rebels Say Plan To Aid Blockaded City Is A Ploy

The Syrian opposition delegation condemned on Monday, the government’s proposal to allow women…

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The comedy of errors that are IMF forecasts is well known: it was covered most recently in “Hilarious Charts Of The Day: IMF’s “Growth Forecasts” Over Time.” Moments ago we got the IMF’s first forecast update for 2014 which also included the Fund’s first 2015 forecasts for growth around the world. Not surprisingly, they were largely higher across the board except for China which has seen its 2014 projected GDP growth collapse from 8.5% a year ago to 7.5% now, and is expected to drop modestly to 7.3% in 2015. The charts showing the progression of said hilarious forecasts are shown in their entirety below, about which one thing can be said with certainty: whatever the GDP growth rate in the world is in 2014 and 2015 it will be anything but what the IMF predicts it to be.

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Tricorder scammer arrested after defrauding investors of $800,000

VIDEO: Wal-Mart’s China Plan To Focus On E-commerce

Wal-Mart Stores, the world’s biggest retailer, is expanding its China business as it seeks to…

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