Category: Business
Conn Atty Gen Blumenthal – Loves To Announce Investigations, Slower To Announce Results
Normally standing between Connecticut Attorney General Richard Blumenthal and a television camera is as dangerous as walking among a herd of elephants during mating season.
But when the candidate for U.S. Senate was offered an opportunity to be videotaped for an interview by me, Blumenthal politely, but firmly, declined.
It’s not that he suddenly found a disdain [...]
California Homeless Man Lives Off His Reward Points
Jim Kennedy is not the average homeless man we hear about.
While the former corporate executive worker lost his Newport Beach, Ca., condo in foreclosure in January, Kennedy still has a Mini U Storage unit where he keeps his golf clubs, furniture, and the 375-bottle wine collection the Orange County Register said he amassed over a [...]
Household New Worth Rises As Consumers Default On Mortgages And Credit Card Debts
This isn’t exactly wonderful news, but makes for a positive headline:
HOUSEHOLD NET WORTH RISES
The reason that our total net worth – assets minus liabilities – increased in the last quarter by 1.3 percent to $54.18 trillion is because more people dumped debt by allowing banks to foreclose on their homes as well as default on [...]
Beware of Telemarketers Who Sell Expensive Magazine Subscriptions
Watchdog Nation founder Dave Lieber says, “When I listened to the tape of the fast-talking telephone solicitor trying to sell the elderly man magazine subscriptions that turned out to cost $1,500 for five years, I realized that ‘fast-talking’ doesn’t begin to explain it. This salesman talked so fast that I listened to the recording of the phone call six times, and I still don’t know what he said.”
Buy-Rite Designs Bracelets Recalled
The Connecticut Department of Consumer Protection is alerting consumers to the U.S. Consumer Product Safety Commission’s warning to consumers of the high levels of cadmium contained on Children’s Metal Charm Bracelets. Consumers should stop using the bracelets immediately. Manufactured in China and imported by Buy-Rite Designs of Freehold, New Jersey (firm no longer in business), [...]
Toyota Acceleration Complaints: Conn AG Investigating Three Crashes This Week
Connecticut Attorney General Richard Blumenthal said today he is investigating three recent accidents in this state involving accidents in Toyota vehicles, apparently caused by faulty accelerators.
One of the accidents involved a death and all three happened over a two-day period.
Two of the three cars, including the one in the fatal crash, were reportedly 2007 Toyota [...]
The McDonald’s Secret Menu Item: The Mc10:35
Thanks to The Consumerist, we are learning of the latest rage from California – where many rages start – the Mc10:35.
It can only be ordered during the changeover from the breakfast menu to the standard menu – when you you can order the McDouble and Egg McMuffin.
You put them together into one sandwich and you [...]
Consumer Borrowing Increased In January, A Good Omen For Stocks
Consumer borrowing increased in January for the first time in a year, the Federal Reserve has reported, in what is definitely a bullish sign for the stock market.
The increase, according to LowCards.com, is even more significant since it occurred despite another drop in credit card loans.
According to the Federal Reserve, total consumer borrowing rose to [...]
Peachtree Playthings Plastic Fork And Spoon Sets Recalled
The Connecticut Department of Consumer Protection is alerting consumers to the U.S. Consumer Product Safety Commission, recall of the Scooby Doo, Tweety and Batman Fork and Spoon Sets, manufactured in China for Peachtree Playthings, of Atlanta, Georgia. Consumers should stop using these recalled products immediately. The middle two (2) prongs of the plastic [...]
Blumenthal Sues Credit Rating Agencies, Alleging That Misconduct Enabled Economic Downturn
Attorney General Richard Blumenthal today sued two of the nation’s largest credit rating agencies — Moody’s and Standard & Poor’s — for knowingly assigning tainted credit ratings to risky investments backed by sub-prime loans.
Blumenthal said Moody’s and S&P’s alleged misconduct enabled the worst economic downturn in the nation since The Great Depression.
The lawsuits, unique and [...]
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