Carlos Slim Nabs 'Richest Man' Label Mar 11, 2010
As a youngster he also kept accounting ledgers of what he earned and spent and bought a government savings bond from which he learned valuable lessons about compound interest. More than half a century later Slim, 70, has amassed a fortune of $53. (Newsmax)
Eskom: Power supply to be 'extremely tight' from 2013 Mar 3, 2010
The statement that by 2013 our electricity supply will be extremely tight; this after 3 years of massive, compound interest price hikes, is a sick and downright shameful disgrace to say the very least. It simply confirms our suspicions of vastly too expensive and very poor stewardship and corrupt connivance. (Business Report, South Africa)
Are we ungovernable? (51) Mar 2, 2010
cedarchopper wrote on Feb 28, 2010 11:22 AM:" We are easily governed, all it takes is mind control (from the teevee you stare at in a trance telling you what to think), Hegelian dialectics to herd you into an ideological position, and a hierarchical compound interest debt backed by debt power system to keep you humping...and of course, a police state to put you in a cage if you get out of line...just to name a few of the ways ;] ". You must register with a valid email to post comments. (Boerne Star, TX)
Teaching Children about Money Manag... Feb 28, 2010
Open a bank account and explain the concept of compound interest ... They will already understand the compound interest concept as associated with savings. (Suite101.com)
Watch These Oil Numbers! Feb 23, 2010
We also note that even should government succeed in increasing its stake in the Jubilee field, as for instance through the Kosmos divestment, compound interest payments and other costs of the capital used for that acquisition are likely to offset any gains made with respect to dividends from participating interest, at least during the phase of production under consideration. Thus, the best case scenario assigns to Ghana 55% of all the oil revenues. (Ghana Web, Ghana)
On Fiscal Follies and Economic Ne'er-Do-Wells Feb 17, 2010
There are a handful of factors -- the inexorable impetus of demographics, the miracle of compound interest and the growing role of government -- that cannot be ignored, no matter what your political persuasion. The fiscal situation of the United States combines all three of these factors and gives the formerly fringe, doom-and-gloom crowd newfound "street cred." And, looked at from the outside, the emerging culture of government entitlements and subsidies in the United States is scarcely... (Human Events Online)
For savers, low ratesare matter of high interest Feb 6, 2010
Such accounts are mutual funds invested in short-term debt and, unlike money market bank accounts, are not guaranteed by the FDIC. Connie Bugbee, managing editor of iMoneyNet, said the extreme drop has shocked savers who put their faith in compound interest. You can t compound what s not there, Bugbee said. (Boston Globe)
Restore the voice of the people (43) Feb 1, 2010
cedarchopper wrote on Jan 31, 2010 11:41 AM:" The Wall Street to K-Street power axis has owned government for a long time. Corporate lobbyists write the legislation that "lawmakers" sponsor...they don't even read it necessarily, much less write it.This Supreme Court ruling, firmly establishing corporations as persons, with all the rights of flesh and blood persons - even though a corporation is a hierarchical power structure ( the offspring a of hierarchical compound interest debt backed by debt... (Boerne Star, TX)
Creative Ways to Save Money Jan 27, 2010
Because of the power of compound interest, when young people save money, they have time on their side ... The cumulative effect of the compound interest and time makes for a good earning strategy ... Thee has a compound interest calculator to figure interest daily, weekly, monthly, quarterly, half-yearly, or yearly. (Suite101.com)
Corzine's final State of the State address Jan 13, 2010
Even if we don t borrow another penny over the next decade for highways, school construction, or open space, our debt will double because of the power of compound interest, Corzine said. Most Read Stories. (Philadelphia Business Journal, PA)
Compound Advantages in 2010 Jan 10, 2010
Back when saving mattered more than spending, compound interest was a sought-after earnings accelerator. Compound interest is interest on interest ... For a rough estimate, use the Compound Interest Rule of 72: To determine the doubling point, divide 72 by the percentage of interest. (RealtyTimes)
Where are the cheapest places to live? Jan 10, 2010
Don't give a bank or any financial institution the benefit of any doubt, they are all userers who will lend you your own money and complain that they're not making enough profit from the compound interest - by the way the most evil and destructive idea ever created by a slimebag is compound interest - it's destroyed nations in the past. Look for the lowest fixed-rate interest you can find and pay it off as quick as you can, then buy gold and bury it in the backyard - you'll make more profit in... (Sydney Morning Herald -- Australia)
