Current Commentary: What Playing Gotcha Can Getcha BY Larry M. Elkin, CPA, CFP®

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Banks, credit card companies and other financial services firms made an art of snaring customers in loopholes and walloping them with fine print. Now they’re learning that playing “gotcha” can getcha in the end. The credit card companies, with their love of misleading semantics, ought to have been the first to applaud the linguistic dodge by which President Obama sidestepped …

eHeziCurrent Commentary: What Playing Gotcha Can Getcha BY Larry M. Elkin, CPA, CFP®

Current Commentary: Obama Offers to Hold the Football BY Larry M. Elkin

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President Obama desperately wants American businesses to play ball. His latest economic game plan is aimed largely at tapping into nearly $2 trillion reportedly parked in corporate coffers. But when the president calls on executives to get in the game, they immediately picture Lucy offering to hold the football for Charlie Brown – with themselves as the round-headed fall guy. Business leaders …

eHeziCurrent Commentary: Obama Offers to Hold the Football BY Larry M. Elkin

Current Commentary: The End Of Our Company-Paid Health Insurance BY Larry M. Elkin

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For 15 years, I have taken pride in paying the full cost of health insurance for every full-time Palisades Hudson employee who wanted it. This month marks the last time I will do that. Beginning in October, our 20 employees will make their own decisions, and their own arrangements, regarding health coverage. They can stay on our company’s plan, but they will have to …

eHeziCurrent Commentary: The End Of Our Company-Paid Health Insurance BY Larry M. Elkin

Current Commentary: How Everyone Came To Have A Second Mortgage BY Larry M. Elkin

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A quarter-century ago, only someone in desperate need of cash would take a second mortgage. Then Congress changed the tax rules, and today, millions of Americans have “home equity” lines. Banks are losing $30 billion a year on these products, and untold thousands of families stand to lose their homes to foreclosure. Is this another example of a law’s unexpected consequences? …

eHeziCurrent Commentary: How Everyone Came To Have A Second Mortgage BY Larry M. Elkin

Bank of Mom and Dad Offers Great Rates By Jonathan Bergman

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Banks are being criticized both for insufficient lending and for making too much profit. While some of these claims are dubious, there is one bank indisputably offering ultra-low rates with potentially high lending capacity: the Bank of Mom and Dad. Loaning money to children, whether adolescents or adults, is a valuable way to increase family wealth, provide opportunity and avoid …

eHeziBank of Mom and Dad Offers Great Rates By Jonathan Bergman

Current Commentary: In Hot Pursuit of Publicity BY Larry M. Elkin

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Teams are in place in 35 Brazilian cities, ready to launch as soon as any of 50 global positioning devices begins to move. Technicians can follow the signal and arrive at any house in the country within days, sometimes hours. “They may get to your house as soon as you do,” said Fernando Figueiredo, the head of the operation.

eHeziCurrent Commentary: In Hot Pursuit of Publicity BY Larry M. Elkin

Current Commentary: Outflanking Mastercard And Visa BY Larry M. Elkin

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  Scarsdale, NY, August 11, 2010 — In business, as in war, it seldom pays to attack a powerful and well-entrenched adversary head-on. A successful assault is more likely to come from an unexpected, and less well-defended, direction, or from a source that is not perceived as a threat until too late.

eHeziCurrent Commentary: Outflanking Mastercard And Visa BY Larry M. Elkin

Current Commentary: Breaking Dishes in the Credit Market BY Jonathan Bergman

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Here is a headline you don’t often hear: Investment Bank Turns Down Profit In Favor Of Ethics.In the past few years, the public has learned quite a bit about Wall Street’s inner workings, and it certainly hasn’t been encouraging. Credit ratings agencies are under fire for rating trash as strong securities (see my favorite article on point), and banks are …

eHeziCurrent Commentary: Breaking Dishes in the Credit Market BY Jonathan Bergman

Feiner Requests Meeting with Empire Blue Cross / Blue Shield President for Deniel of Medical Care at Local Hospitals

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GREENBURGH, NY, July 26, 2010 — Greenburgh Town Supervisor Paul Feiner today divulged that hundreds of Westchester County employees were being denied medical care because of a breakdown in negotiations between Empire Blue Cross / Blue Shield and Stellaris Health Networks. Supervisor Feiner points out that employees and local government are paying for insurance so they can access Lawrence Hospital …

eHeziFeiner Requests Meeting with Empire Blue Cross / Blue Shield President for Deniel of Medical Care at Local Hospitals

Yonkers Parking Authority Debt Service Report BY YONKERS INSPECTOR GENERAL DAN SCHORR

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Text was missing from report; now updated.  Read the Yonkers Tribune, June 28, 2010 editorial entitled: The Hezitorial: Yonkers City Hall Deceives City Agencies to Cover Up Mayor’s $800,000 Blunder BY HEZI ARIS for background information. Inspector General Dan Schorr's Yonkers Parking Authority Debt Service Report Yonkers, NY, July 1, 2010 — This report is issued in response to Mayor Philip A. Amicone's letter …

eHeziYonkers Parking Authority Debt Service Report BY YONKERS INSPECTOR GENERAL DAN SCHORR