Tribal Nations Defend Their Lending Rights

The doctrine of tribal sovereignty extends to all Native American tribes that have been recognized by Congress and dates back to the US Constitution.  It extends to tribes the right to operate business and economic entities without the interference of individual states.  That sovereignty has be repeatedly upheld by Supreme Court decisions and state cases for 200 years. But Benjamin Lawksy thinks that he and his state can infringe on those sovereign rights.

Lawsky is the Superintendent of Financial Services for New York and a former Acting Superintendent of Banks.  In early August, Lawsky issued an official order to internet … Read the rest

5 Tips for Personal Finance Success

It doesn’t take much to find a “top ten” list of financial tips on the internet.  From blogs to news sites to financial magazines, everyone with an opinion has their own formula for how to be a financial success. There are some tips that seem to show up time and time again on these lists, which suggest that maybe there is some weight to them.

1. Research. Research. Research.

financial researchThere are three types of research needed when managing personal finances. First, know your current financial situation inside and out. Next, figure out where you want to be and when — … Read the rest

Is it Bribery, or Is it a Gift?

Officials in governments, and professionals in the business realms around the world, are struggling with semantics, with the exact definition of bribery.  When a gift is business related, is it always a bribe?  Or is it sometimes an innocent and honest gesture of appreciation?  One of the problems in the definition, is that the different countries and societies in the world have different norms regarding what is considered to be a bribe and quite simply, a gift.  The US Congress is struggling with the fight against corruption and corporate or political scandlawals.

The government of the United Kingdom passed … Read the rest

Investments in Sports Teams

Sports fans sometimes dream of owning their favorite team and all the changes and improvements they’d make to turn their team into champions.  While they probably will never have the fortunes necessary to buy a major league sports team, there are other ways that they can invest in sports teams for both profit and bragging rights.

Invest in Publicly Traded Teams

sports KansasPerhaps the easiest way to invest in a major league team is to buy shares.  There are a handful of publicly traded teams, including the New York Knicks and the New York Rangers.  The Green Bay Packers aren’t traded … Read the rest

Setting Goals

We all know how important it is to have goals.  They help us to make long-term plans and predictions, and also give us a good map of where we are, and we are going.  Even the most focused among us, however, have tendencies to forget about the basic necessity for setting goals on a regular basis.  It’s something that we learn in school, and only occasionally get refreshment at corporate training sessions, when we get reminded as a group about the importance of goals.  It’s also perfectly natural that, after learning about goals for so long, we tend to think … Read the rest

Online vs. Offline Companies

One might think that running a business online and offline will be similar, it will just differ based on how you access your customers and your information, but there is a lot more to it than that.

businessIn an online business it can be hard to build customer loyalty. You have at your fingertips email, and forums of various types, if you are lucky you also have the ability to call your clients, but not all online business have this. If you have an offline business you can see people face to face, talk with them, visit their office and … Read the rest

It’s Still Wise to Invest in Software Companies

Software companies have been good investments for years now, ever since the technological and digital revolutions of the last two decades. And while there was an Internet bubble more than a decade ago with websites and faulty tech stocks, there doesn’t necessarily appear to be one on the horizon any time soon for new tech stocks in 2013 and beyond.

softwareIn fact, countless tech companies continue to deliver solid returns through 2012, and should do so into 2013 and the future with smart management teams who have learned from the mistakes of the past, and develop future business products and … Read the rest

Motorcycles, Money and Racing

motorbikeThe motorcycle is an image of freedom and independence. How many teenagers go through that period and discover the classic movies like Born to Wild and Scorpio where Peter Fonda epitomizes the very freedom the American flag is supposed to symbolize with a helmet? The motorcycle is a part of the American consciousness, an almost Jungian collective consciousness in the United States. Romantic, the motorcycle has almost become an extension of the Byronic hero. That lone figure who fought the man and anything that made society stable, who was dark and brooding, who often had innate darkness in him driving … Read the rest

A Mortgage for your Design Studio

Applying for a mortgage loan can be stressful.  For most of us a design studio is the biggest purchase we will ever make. There is lots of paperwork to be collected and forms to fill out Then there’s the additional stress of waiting to hear if your loan has been approved.

When you submit your mortgage loan application and the associated paperwork relating to your finances it will take a period of time for the lending company to review it.  The reason for the time lag is that they are closely reviewing your financial history and making sure that everything … Read the rest

Formula 1 – German Prosecutors near decision on Bribery

While there is not any foul play going on in the Formula 1 world today—that the public knows of—a year ago it was a different story.  In June a German banking executive admitted to accepting around $44 million from Brian Ecclestone which centered around the 2005 sale of the racing franchise.

The story is, itself, somewhat interesting.  Ecclestone sold a majority of his stake of F1, which was valued around $3 billion, for an undisclosed sum.  Said German executive, Gerhard Gibkowsky, accepted the bribe to move the F1 share for below market value.  Ecclestone testified that he paid the $44 … Read the rest