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iwanketch | Shared With: Everyone - Aug 12 2008 | tips, kids, save, saving, money, insurance, finance, bank, deposit, credit, card, debt, imported:del.icio.usStabilize your current money for future long term investment
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banking
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Interesting offer from HK - it will back all of its banks' deposits, prompting reasonable questions about what happens if the world's richest people put their money into an HK bank that collapses.
My friends called me a few weeks back and told me about the run on the bank that occurred. Turns out it happened due to rumors that circulated via text messages. The HK "FDIC" insures deposits there up to $100,000HKD, or about $13000.
1 FaverQuoted:Li Kui-wai, the director of the Asian economic policy center at the City University of Hong Kong, said that Hong Kong’s history of attracting deposits from all over the world meant that the policy initiatives announced on Tuesday could prove costly. He questioned if the Hong Kong government and taxpayer could afford a bailout “if the one million richest people in the world put their money in a Hong Kong bank, and the bank goes broke.” Hong Kong’s action could put pressure on other international financial centers with very large deposits and limited populations that have not yet issued blanket guarantees of bank deposits, like Switzerland, which has roughly the same population as Hong Kong at about 7 million people. Hong Kong will back up its deposit guarantee with its foreign exchange reserves, now $161 billion.
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kids
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Yeah, I loved The Dark Crystal, Willie Wonka, Return to Oz and The Fox and The Hound and I'm sure Coraline will be a fast favorite. Turns out that my parents didn't shelter us as much as they thought they should ...
2 FaversViewed: 14 TimesQuoted: Where would we be without children’s movies? They provide us college students with blissful hours of nostalgia-fueled discussions about which Disney princess was hottest or which McDonalds tie-in toy we most enjoyed. Something often forgotten by people our age is the service they provide to parents; plop your kids in front of their favorite movie and that should shut them up for an hour and a half. But what about those movies that go too far—that advertise themselves as family-friendly romps or a short time of silence for weary parents but end up causing crippling emotional damage through their inappropriate themes and horrific visuals?
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