TJ's Blog

Search results for 'economy' returned 10 results: Main Blog

Posted by TJ on Tuesday September 15, 2009 @ 12:58 PM
[Tags: scam, business, economy]

Note: This is part 22 in the Job Scam Series.

Thanks goes to C Beattie ( for sending in this scam. This is an email scam sent in reply to ads placed on Career Builder.

Avoid any association with this scam and do not respond to any emails from
"Premier Group Company" or "Premier Group Inc."

Do not deposit any checks received from the this offer. They are fake or fraudulent and if deposited will be subtracted from your bank balance once the fraud is discovered.

If you received another job scam featuring another company please forward the email to
User submitted image
(This email address does not accept attachments for security purposes)

How do I spot a job scam?
  1. The message is for a position that you did not apply for
  2. The message is from or asking for a reply to an email address from a free email provider (ie:,,,
  3. The position is for a work at home job. Let's get real here most of these positions are hard to come by.
  4. The message provides no phone and/or no mailing address
  5. You are "hired" for the position with no actual real life interview.
  6. The company does not have a website or the website was created in the last year. Do a whois lookup to see when a domain was created.
  7. The job list few or no qualifications
  8. The message is written with poor English
  9. A Google search for the company finds little or no history for the company
  10. The email fails to mention you by name. Starts off with generic opening (ie: Dear job seeker, Dear applicant).
  11. The work at home position involves receiving payments, money transfers, or check cashing.
*** This list is not all inclusive. Scams could meet any one of these or none at all. Remember if you have to ask yourself "Is this a scam?" it probably is!

What should I do if I provided my information to scammers?
  1. Do not respond to further communications.
  2. Do not cash any checks you received from fraudulent offer.
  3. Do not direct wire any money to addresses provided.
  4. If you sent bank Information: Call your bank immediately and tell them what happened. They should be able to change your account number or cancel your account.
  5. If you are still concerned you might want to enroll in credit monitoring such as LifeLock Identity Theft Prevention
  6. You can also file a claim with The Internet Crime Complaint Center (IC3). The Internet Crime Complaint Center (IC3) is a partnership between the Federal Bureau of Investigation (FBI), the National White Collar Crime Center (NW3C), and the Bureau of Justice Assistance (BJA). They are probably overloaded with these types of claim though, so I would not expect an individual response. You can also contact the Better Business Bureau or your states attorney general's office
  7. Post a comment below with any information you have on this scam to inform other people to try and avoid any future victims. Post the email you received with exact wording if different from original posted so when people search for terms they find this warning.

Ray Vega said:

From: Ray Vega
Date: Tue, Sep 15, 2009 at 10:45 AM
Subject: Vacancy for you (
To: [[email removed]]

Dear ,

My name is Ray Vega and I represent Premier Group Company.

I have found your resume at Judging from your resume, Premier Group Inc. I feel that you are a good match for this available position!

Premier Group Inc. is a world-famous company founded and based in the USA which deals with financial services such as escrow services for buyers and sellers of online auctions around the world. We offer our services to both closed commercial auctions where the number of buyers is limited and popular online auctions such as, and

Financial Agent position is:
- part-time (on average 2-3 hours a day Monday through Friday)
- work from home (most of the communication is made online)

What do you need? Internet access and e-mail.

This position is offered on a trial period (first month) basis. You will receive on-line training, on-line support and assistance from a personal supervisor while working and being paid.

Trial period is paid at $2300/month. In addition you will receive 8% commission for every payment received and successfully processed. Total income, with the current volume of clients, amounts up to $4,500 per month.

My goal is sparking your interest. In the present economy, our position offers training, support and a pay scale comparable to entry level position requiring 40 hours per week. I hope you will explore, compare, and then contact me with your questions.

If you are interested in our offer and would like to learn more about the Financial Agent position, please send the form below with your updated contact information to

Our representative will contact you within 24 hours.

First name:_____________________
Last name:___________________________
Country of residence:__________________
Contact phone:______________________
Preferred call time:_______________________

We found your resume at This letter confirms that your resume has been duly processed and your skills and past employment meet our basic requirements for the Financial Manager vacancy.

Best regards.
Ray Vega

Premier Group Inc.

If you receive this scam and found this post helpful please post a comment so I know these warnings are being read! Thanks!

Posted by TJ on Saturday May 2, 2009 @ 12:56 AM
[Tags: google, internet, economy]

Google has decided to fire it's lawn landscaper and call a goat herder to bring in 200 goats to eat it's lawn. They take about a week to mow its lawn at its Mountainview, CA headquarters and Google claims it costs the same as mowing. Nice approach on going green guys...


Posted by TJ on Friday March 27, 2009 @ 11:05 AM
[Tags: link, events, economy]

This Saturday 28 March At 8.30Pm You Can save Earth By Switching Off Your Lights For One Hour.

According to a Zogby International online survey 36 million people participated in Earth Hour 2008.


Posted by TJ on Friday February 13, 2009 @ 12:06 PM
[Tags: economy, business, accounting]

I just ran article from that had an idea for a possibly more effective stimulus plan. How about we just cut every US mortgage by 30%. For example if you owe $250 today you will then only owe 175,000.

Here what this could do for the economy:
  • all mortgage-based—securities will become less "toxic".
  • Less forclosures .. with a lower balance more people can refinance to get lower rates/payments making it easier to afford payments.
  • More money to spend elsewhere - People will spend more which benefits every business

The cost:
US Home mortgage debt is approximately 12 trillion dollars which would amount to mortgage write downs of approximately 3.6 trillion (or 3 trillion per the article). This is more than the 800 billion dollar stimulus currently being debated in congress however if the current stimulus does not significantly lower the rate of foreclosure (which is likely) the price tag could be significantly higher.,8599,1879270,00.html said:

A Better Bank Fix: Cut Every Mortgage's Principal
By Ari J. Officer Friday, Feb. 13, 2009
fixing banks trimming dollars / Corbis

Treasury Secretary Timothy Geithner has unveiled a new plan to combat the financial crisis: convincing private financial institutions to buy up "toxic assets" with the government's backing. While this is a step up from former Secretary Henry Paulson's original bailout plan—in which the government itself would buy up the bad securities—it is still not the right approach.
More Related

* 18 Tough Questions (and Answers) About the Bailout
* Homeowners Ask: Hey Washington, Little Help?
* How to Stop the Banks’ Bleeding: No Easy Choices

Instead, there is a better, cheaper, less risky, more direct way to improve banks' balance sheets and restore confidence. Here's how:

Reduce the outstanding principal on every single mortgage to, say, 70% of the original value. Yes, you read that correctly: Lower every single American's mortgage debt by a fixed percentage. (See 25 people to blame for the financial crisis.)

If homeowners owe less money on their mortgages, they will be less likely to stop making their payments. The plan is equivalent to a universal renegotiation of terms that improves the situation for both homeowners and banks. As a bonus, mortgage-backed—and, indeed, all mortgage-based—securities will become less "toxic" by virtue of a trickle-up effect.

Experts have pointed to a $30.6 billion deal between Merrill Lynch and the Lone Star group of private equity funds as a model for the new government plan. Lone Star purchased that amount of Merrill Lynch's portfolio of asset-backed securities. Merrill Lynch reduced Lone Star's risk by financing three-quarters of the purchase. Therefore, Lone Star had limited risk, similar to how funds would have limited risk buying the bad securities with government backing. But the most important part of the deal was not Lone Star's risk; it was the price. Lone Star paid 22 cents on the dollar. This means that Merrill Lynch had priced its asset-backed assets somewhere around 22% of their original value. (Watch a video of a car dealer staying optimistic in tough times.)

Geithner hopes to encourage private investors to buy these asset-backed securities, giving the banks cash and eliminating further downside risk to their portfolios. But why not try to actually make the securities more valuable, in reality, so that investors want to buy them from the banks, without the need for government support?

Thus far, the government has focused on trickle-down solutions: dealing with complicated assets like mortgage-based securities in the hopes of stabilizing the values of more concrete assets, such as homes. In contrast, my approach addresses the root of the problem. Thus, the government would help ensure that the mortgage-based securities find a stable price via a trickle-up effect. After all, it would take an inconceivable number of foreclosures at 70% of principal to justify the assets' trading down to 22% of their face value.

This plan costs the government—and the American taxpayer—nothing but a trivial amount, the operating costs. Again, it is nowhere near as complex as what the government has done so far. It carries a small price tag compared to the massive, mostly ineffectual spending that has been the basis of the current policies. (See pictures of the global financial crisis.)

Why lower the principal of the mortgages instead of reducing the interest rate of the loan? Because it creates far more incentive for homeowners to continue mortgage payments. Moreover, with all the "exotic" loans out there, many with adjustable rates, the principal component is the only standard across all mortgages. Adjusting the remaining principal, then, is the most general way to renegotiate all mortgages as equitably as possible.

Further, there is currently a crisis of confidence in the banking world. Because of the uncertainty surrounding the future of asset values and the prices of complicated derivatives like mortgage-based securities, the banks are hoarding money. They lack trust even to lend to each other. Reducing mortgage principals addresses both of those problems directly. By stabilizing the mortgage markets, much of the uncertainty will vanish. Banks' balance sheets could stabilize. And confidence may very well return.

Implementation is the most difficult part of this proposal. While many financial institutions would immediately discount the plan, ultimately convincing them to accept it is not unreasonable. It is true that for those institutions that hold physical mortgages, their maximum potential profit will go down by the discount. For a 30% decrease in principal, the math works out to some $3 trillion potentially lost on residential mortgages, as of mid-2008, according to the Federal Reserve. But if Americans keep defaulting on these mortgages, and asset values continue to crash, the total loss to the financial world will be far greater than $3 trillion.

It is also true that the banks will probably want to discriminate: Why should they lower the principal on "good" mortgages? Why not just on those most likely to foreclose? Thanks to tranches, the "good" have been rolled together with the "bad", and specialized renegotiation is easier said than done. That is why banks have not already renegotiated loans on a large scale. But with the government's pressure, lowering the remaining principal on every mortgage could easily become a reality.

The only banks that could legitimately lose on this are those that hold nothing but "good" mortgages or tranches of "good" mortgages, with no "bad" assets. Since TARP has attracted such interest from virtually every bank, we can conclude that such "good"-mortgage banks exist only in small number.

Other advantages of this solution are that it is universal and non-discriminatory: every mortgage holder in the United States gets a break. Homeowners without mortgages also benefit, as foreclosures directly lead to deflated home values, and foreclosures will be reduced considerably. At the same time, the banks' assets will have a greater inherent value: their balance sheets will improve, and they are likely to begin loaning sooner than with the government plans.

Unlike Geithner's plan, this solution is simple and transparent. It does not require the government to price complicated derivatives. It requires only one decision: by what uniform percentage to reduce mortgages. And unlike all of the other plans out there, it does not require significant government spending. It is also politically palatable, as it does not discriminate and does not rescue certain institutions over others. Homeowners get the most direct benefit, and the solution is efficient because of its flat-tax-like nature. Just about everybody wins.

Posted by TJ on Monday December 8, 2008 @ 12:18 PM
[Tags: tjshome, economy]

Earnings Report Totals
October 1, 2007 to December 31, 2007
Items Shipped Revenue Referral Fees
Total Items Shipped 44 $1,422.21 $73.66
Total Third Party Items Shipped 41 $618.33 $30.62
Total Items Shipped 85 $2,040.54 $104.28
Total Items Returned -2 -$626.97 -$25.08
Total Refunds 0 $0.00 $0.00
TOTAL REFERRAL FEES 83 $1,413.57 $79.20

Posted by TJ on Thursday December 4, 2008 @ 12:43 PM
[Tags: economy, business, money]

The Gross National debt continues to rise at alarming pace.

There are currently 300,000,000 citizens in the United States so with national debt of more than 10,600,000,000,000 (see actual figure) that means that each persons share of this debt is around $35,333.

Posted by TJ on Wednesday October 29, 2008 @ 01:06 PM
[Tags: economy, politics, rant]

Okay so you really can't believe everything the candidates are saying now will actually happen. But the differences in both McCain's and Obama's tax policies is quite alarming. I can only hope that the candidates have such a wide variance to swing voters to their side. On this policy alone McCain would definitely win the high earners and Obama would win middle class voters and lower class.

IncomeAvg. tax billAvg. tax bill
Over $2.9M-$577,148+$699,872
$603K and up-$109,214+$121,689
Under $19K-$65-$567
* Not all proposals are slated for 2009. Example: Obama's proposal to increase what high-income earners must pay into Social Security. The campaign said such a measure wouldn't take effect for 10 years.

Considering only my own tax bill I can be considered quite bias on the issue as either candidate for me would lead to modest tax cut on both sides (less than $300 difference). From my standpoint it does seem that Obama has more sound and realistic ideas to back up his policies.

Obama plans call for increasing the cap on Social security to $250,000. This would lead to and extra 9,000 of tax to individuals who make more than 250,000. In my view the only way to cure the social security issue is to raise this cap or raise the rate (which increases tax for everybody). Increasing tax on everybody does not sound like a good idea. McCain plans to privatize Social security a plan that is risky, controversial, and not a sure cure to the issue.

The nation is in debt... more debt than ever. We have more 10 trillion in debt. Is cutting taxes going to pay off the debt? I am really tired of the government giving tax incentives and then not curving the government spending.

We really need the guy who is going to give real answers -- who is going solve the social security issue, help pay down our national debt, and stop government overspending. I will gladly pay more tax if it's going to help these issues and not go towards some politicians vacation in the Hamptons or a government subcontractors mansion in California.

Posted by TJ on Wednesday October 29, 2008 @ 11:39 AM
[Tags: accounting, economy, careers]

A lot of people are telling me my job must be tough with the stock market and all. And I heard comments that accounting is a bad career move currently with the economy in shambles and everything.

In reality the state of the economy has the same effect on accountants as it does other business. People/businesses have less money so they less spend money to spend on you. Demand for accountants stays relatively stable though. The need to file tax returns, prepare financial reports, perform audits, bookkeeping, stays the same.

Posted by TJ on Monday October 27, 2008 @ 03:13 PM
[Tags: guide, business, economy]

US First Class Stamp: 44 cents

Effective May 12, 2008: the current price of a stamp is 44 cents. First-Class Mail Letter (1 oz.) is 44 cents. Each additional ounce costs 17 cents. Postcard stamps are now 28 cents.

Update: On May 11, a first-class stamp will go up by 2 cents to 44 cents. Other rates are set to rise as well. The updated prices are reflected above.

The post office adjusts rates each May, but any increases must be at or below the rate of inflation under a 2006 law.

Source: United States Postal Service (

The price of a stamp increased 1300% from the value of $.03. in 1917

However, this increase is in line with increases of other items as well....

a Dodge Sedan was $1,185 in 1917, that's also 1300% less than today

You could also could buy a pair of men's shoes for less than $6

And your local paper for $.01
Eggs were .39/dozen

A color TV cost.. oh wait a minute...

Okay now I will stop sounding like your grandpa.

1917 Prices from survey in Morris County, NJ

Posted by TJ on Wednesday July 16, 2008 @ 10:01 AM
[Tags: economy, internet, thoughts]

Who will benefit from the falling economy and fears of recession?

Internet advertisers, thats who. Gas prices have increased dramatically and so has all prices in general which have led to some people skipping their vacations, trips to shopping malls, leisure activities to spend more time at home. What do people do at home? Browse the internet. And there's only so much someone can do online before they will click an advertisement, even if they have a strict no click policy against advertisements.

Now some may also argue that this increase in internet users will be washed away by others who cancel their internet because of the economy. Don't kid yourself... it's impossible to live without internet in this day and age...right?

Apparantently internet auction websites benefit as well. eBay's profit increased 22% in the last quarter. I guess everybody is buying is used gas on there or something. What ever happened to the purported boycott of eBay to due the site's change in fees and feedback policy??

Source: EBay profit jumps 22%
Source: EBay seller boycott set to start Monday