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Number Portability March 3, 2009

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By Mel Metts

Last month while looking for ways to cut business expenses, I gave some thought to eliminating my business phone line and using my cell phone exclusively.

I work out of my house. Until now, my system was to use my business landline when at home, and forward that to my cell phone whenever I was away from home. By eliminating my business landline, how would I be able to forward calls to my cell?

At first I considered signing up with Vonage, a service that uses VOIP (Voice Over Internet Protocol) over broadband (high speed Internet connection). Our investment group uses Vonage even though we don’t have our own broadband connection. After logging into our Vonage account, we have the ability to forward the phone to any number. The phone is setup to forward to a board member.

While investigating the Vonage option, I kept seeing the phrase, “number portability.” I already knew that I could switch cell phone providers and keep my cell phone number. I had not been aware that I could port my landline to a non-landline service.

After thinking about a switch to Vonage (cheapr than AT&T) so I could forward my business number to my cell phone, I realized I might be able to skip Vonage altogether and port my number to my cell.

I called Verizon and asked if this was possible. Sure, no problem; there’s no charge to switch and the process can take up to ten business days. I gave Verizon the go-ahead.

Over the following days I would frequently check my landline for a dial tone. Several days later the dial tone was gone and I knew that those calls were going to my cell phone.

There was one hiccup during the transition. After Verizon made the switch, my cell phone was unable to send or receive calls. One call to Verizon customer service solved the problem; they gave me instructions to reset my phone (system reset) and I was back in business.

During the glitch, incoming calls went directly to my voicemail. After resetting my phone I was able to retrieve my voicemail messages. Apparently none were lost.

In summary, number portability applies to landlines as well as cell phones.

Mel Metts is a landlord and Realtor, serving fellow investors. His book, “Do it Yourself Evictions” is available for purchase at www.melmetts.com.

Hit The Road, Jack! January 30, 2009

Posted by curmudgeonblog in politics.
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blago2a

 

Don’t ever come back no more no more.

 

Goodbye, Guvnuh’

Illinois Gov. Blagojevich thrown out of office

January 29, 2009

SPRINGFIELD, ILL. – The state senators stood one by one in a hushed chamber on Thursday to call Democratic Gov. Rod Blagojevich a liar and a hypocrite who put his ego and his pocketbook ahead of the interests of Illinois.

One called him “devious, cynical, crass and corrupt.” Another said the evidence of abuse of power was “overwhelming.” A third said he was “without a doubt unfit to govern.”

Together, they voted 59-0 to reject Blagojevich’s theatrical last-minute pleas and remove him from office, ending a stormy tenure that left the nation’s fifth-largest state paralyzed by his misdeeds and nationally ridiculed for its latest bout of corruption.

“I believe our state must enter rehab,” Republican Sen. Randall Hultgren told his colleagues before the vote. “Moral rehabilitation.”

Blagojevich’s repudiation in a state where he was elected twice to the governorship and three times to Congress marks a dramatic exit from a national stage he commanded briefly but memorably. His next battle is expected to come in Chicago federal court, where he risks losing not his job but his freedom over allegations that he schemed to trade official actions for political contributions and other favors.

Before the speechmaking was over and a pair of unanimous votes were cast to oust Blagojevich and bar him from Illinois public office for life, the former governor had already taken his final flight home to Chicago aboard a state airplane. When he arrived, as his fate was about to be sealed, he went for a jog. Talking with reporters later, he called the verdict “un-American.”

“The fix was in from the beginning,” Blagojevich said, insisting he wants no pity.

“There are tens of thousands of people across America just like me who are losing their jobs, or who have lost their jobs,” Blagojevich said. “To the people of Illinois, God bless all of you. I want you to know that I haven’t let you down.”

Lt. Gov. Pat Quinn became the state’s 41st governor and said he would move right away into the governor’s mansion that Blagojevich disdained. He supported Blagojevich during their reelection on the Democratic ticket in 2006, but the men have not spoken since August 2007.

“The rule of law prevailed in Illinois. We are ready to move forward,” Quinn said after the vote.

Hundreds of miles away

The impeachment saga moved from drama to farce and back again in the 51 days after FBI agents arrested Blagojevich in the middle of what U.S. Attorney Patrick Fitzgerald called “a political corruption crime spree.” Along the way, Blagojevich bucked calls to resign and outmaneuvered Democratic leaders in Springfield and Washington to appoint Roland Burris, little known and years out of politics, to the U.S. Senate seat vacated by President Obama.

Instead of challenging his impeachment, he was 700 miles away when the trial began on Monday, denouncing the proceedings in more than a dozen national television interviews as a “kangaroo court.” He showed up only on Thursday, to deliver his own closing argument.

It was a speech long on passion and short on answers, and it did nothing to help his cause. He spoke of his immigrant parents, his hard-luck upbringing and good works he claimed as governor. He called the proceedings “an evisceration of the presumption of innocence.”

“There was never a conversation where I intended to break any law,” Blagojevich, 52, told the Senate. “How can you throw a governor out of office on a criminal complaint and you haven’t been able to show or to prove any criminal activity? I’m appealing to you and your sense of fairness.”

His defiance left his accusers unmoved in the face of evidence from witnesses and secret wiretaps that appeared to show that Blagojevich schemed to profit from his official actions, including an alleged effort to sell Obama’s former Senate seat and to force the firing of Chicago Tribune editorial writers by threatening to withhold $150 million in state money for Wrigley Field, owned by the Tribune Company.

Senators noted that Blagojevich refused to be questioned under oath about the 13 alleged misdeeds that House prosecutor David Ellis called an “unmistakable” pattern of abuse of power. Ellis paid particular attention to FBI excerpts of 60 taped conversations.

“Our point was on his words, his secretly recorded words, and who in the world was more qualified to testify about the governor’s words than the governor himself?” Ellis asked during his closing argument. “He talked more about the evidence with Barbara Walters on ‘The View’ than he did in this chamber today where he’s facing impeachment and removal from office. He could have been here and he wasn’t.”

What It Takes To Survive January 30, 2009

Posted by curmudgeonblog in Uncategorized.
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Why some people walk away from a plane crash or thrive after a job loss, while others don’t stand a chance. And what’s luck got to do with it anyway?

sherwood-survior-knit-so01-horizontal

 

Tim Archibald for Newsweek (left); Courtesy of Stanford Hospital Clinics
Ellin Klor, and a scan of the knitting needle that pierced her heart

New Credit Scoring System for ‘09 January 30, 2009

Posted by curmudgeonblog in business.
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The biggest changes discourage piggybacking and penalizing infrequent delinquencies.

By Renuka Rayasam, Associate Editor, The Kiplinger Letter

December 12, 2008

By next spring, two of three credit reporting bureaus will use a new model. Fair Isaac, the developer of FICO scores, has made the biggest change to its mathematical credit score model since it was introduced in 1989. Scores will still be on a 300- to 850-point scale. But the company estimates that 40% to 50% of borrowers’ scores could go up or down by more than 20 points because of how the new model fine-tunes the variables it uses to evaluate consumers’ credit use behavior.

For creditors, the new FICO score promises to reduce the risk of defaults, improving the predictability of defaults by 5% to 15%. Delinquencies are at their highest rate since 1992, when the economy was also in a recession. The revised scoring method “has a few more gray areas fleshed out so it gives us confidence in credit scoring models,” says Ginny Ferguson, a member of the board of the National Association of Mortgage Brokers.

Equifax and TransUnion will be the first credit reporting bureaus to roll out the changes over the next year. As credit tightens because of the financial crisis, FICO scores are becoming increasingly important for borrowers looking to qualify for favorable terms. That puts high scorers in “even a better position for pricing on loans” as the economy recovers, says Ferguson.

The timing of the new scores reflects more changes in the marketplace, says Careen Foster, senior product manager at Fair Isaac. “Lenders said they wanted a stronger predictive model, but didn’t want to change how it is used,” she adds.

Fair Isaac has increased the number of groups that customers fall into from 10 to 12, taking into more account the number and magnitude of credit problems. Infrequent problem borrowers will no longer be lumped in with habitual delinquents. With the new model, “there is more forgiveness around people in the middle,” says Foster. “If you have one isolated missed payment you won’t score as low as before.” The new FICO model also focuses less on how many accounts a borrower has and more on the amount of balances carried.

Piggybacking — upping a score on someone else’s back — won’t be ruled out in the new FICO score. But it will make using that route to establishing credit harder and lengthier. The authorized user provision allows young adults to create a credit history by using and paying off accounts held by their parents. But it has also been subject to abuse, with high credit scorers selling their names to borrowers looking to improve scores. Fair Isaac estimates that 30% of U.S. credit card holders, or 60-75 million people, are authorized users. Credit.com says that many of those authorized users are women. Many of them rely on their husbands’ FICO scores, and it will now take longer for those women to build up their own credit scores.

SHAMWOW January 28, 2009

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shamwowWhy is Joe Isuzu pimping shamwow?

Create PDFs For Free January 2, 2009

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Need to create pdf files, but can’t/won’t spend hundreds for Adobe Acrobat Professional?

CutePDF is free and available for PC (sorry, MAC owners). Click on the logo above to check it out.

Election Results November 5, 2008

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copy-of-fail

Apologies to the fail blog.

Write-In Presidential Candidate! August 28, 2008

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Scam Victims Redux August 22, 2008

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Amazingly, some of the most vulnerable scam victims are those who have been victimized previously.

No surprise, then, that the following scam is appearing in mailboxes:

2007/2008 SCAM VICTIMS COMPENSATIONS PAYMENTS




 

 
ECOBANK / UNITED NATIONS 2007 SCAM VICTIMS COMPENSATIONS PAYMENTS DIRECTOR.
ATTNENTION:,
SCAMMED VICTIM/ 50,000 BENEFICIARIES.
REF/PAYMENTS CODE:06654.
 
AMOUNT $1,000,000.00 USD.
 
I WRITE TO BRING TO YOUR NOTICE THAT I AM THE NIGERIAN NEW FOREIGN AFFAIRS MINISTER AND AN OFFICIAL DELEGATE FROM THE UNITED NATIONS TO CENTRAL BANK OF NIGERIA TO PAY 150 NIGERIAN 419 SCAM VICTIMS $1,500,000.00 USD (ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ONLY) EACH. YOU ARE LISTED AND APPROVED FOR THIS PAYMENT AS ONE OF THE BENEFICIARIES TO BE PAID THIS AMOUNT AS COMPENSATION.
 
 
AS A RESULT OF THIS LAUDABLE RECOMMENDATIONS,IT IS IMPERATIVE TO BRING TO YOUR NOTICE THAT DURING THE LAST U.N. MEETINGS HELD AT ABUJA, NIGERIA, IT WAS ALARMED SO MUCH BY THE REST OF THE WORLD IN THE MEETINGS ON THE LOSE OF FUNDS BY VARIOUS FOREIGNERS TO THE SCAMS ARTISTS OPERATING IN SYNDICATES ALL OVER THE WORLD TODAY. IN OTHER TO REDEEM THE GOOD IMAGE OF MY COUNTRY, THE NEW PRESIDENT HAS ORDERED THE PAYMENT OF  $1,000,000.00  USD EACH TO THE AFFECTED VICTIMS IN PURSUANCE WITH THE U.N. RECOMMENDATIONS.
 
DUE TO THE CORRUPT AND INEFFICIENT BANKING SYSTEMS IN NIGERIA, THE PAYMENTS ARE TO BE MADE BY THE LLOYDS TSB BANK PLC, LONDON AND ECOBANK PLC, NIGERIA AS THE CORRESPONDING BANKS UNDER THE FUNDING ASSISTANCE OF THE CENTRAL BANK OF NIGERIA.
 
 
ACCORDING TO THE NUMBER OF APPLICANTS AT HAND, 114 BENEFICIARIES HAS BEEN PAID, 60% OF THE VICTIMS ARE FROM THE UNITED STATES,WHILE ABOUT 40% ARE FROM OTHER PARTS OF THE WORLD. WE STILL HAVE MORE THAN 30% LEFT TO BE PAID THE COMPENSATIONS OF $1,000,000.00  USD EACH.
 
 
YOUR PARTICULARS WAS MENTIONED BY ONE OF THE SYNDICATES WHO WAS ARRESTED IN LAGOS, NIGERIA AS ONE OF THEIR VICTIMS OF THE OPERATIONS, YOU ARE HEREBY WARNED NOT TO COMMUNICATE OR DUPLICATE THIS MESSAGE TO HIM FOR ANY REASON WHAT SO EVER AS THE THE ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC) (MOTTO: NO BODY IS ABOVE THE LAW) HAVE COMBINED EFFORT WITH THE UNITED NATION ANTI-CRIME COMMISSION TO ALLEVIATE THE PLIGHT OF THESE VICTIMS AS WELL AS REDEEMING THE IMAGE OF MY DEAR COUNTRY.THE U.S. SECRET SERVICE IS ALREADY ON TRACE OF THE CRIMINALS. OTHER VICTIMS WHO HAVE NOT BEEN CONTACTED CAN SUBMIT THEIR APPLICATION AS WELL FOR SCRUTINY AND POSSIBLE CONSIDERATION.
 
 
 
MANY BANKS, UNIVERSAL FIRMS, COMPANIES AND INDIVIDUALS HAVE BEEN IN
BANKRUPTCY TODAY DUE TO THE ACTIVITIES OF THESE HOODLUMS. HOWEVER, A THOROUGH
INVESTIGATION HAVE REVEALED THAT THESE PEOPLE HAVE DROPPED OVER 500,000 VICTIMS ACROSS THE WORLD, AFTER COLLECTING THEIR MONEY FALSELY, MANY AS A RESULT OF THIS HAVE COMMITTED SUICIDE,WHILE OTHERS ARE NOW LIVING IN ABJECT POVERTY.
AS REGARDS THESE ONGOING DEVELOPMENTAL STRIVE, WE HAVE OVER 600
SUSPECTS AT HAND, 135 IN KIRIKIRI PRISONS.WHILE MANY ARE AWAITING TRIAL, WE ARE
STILL IN SEARCH OF OTHERS,WHO THINK THEY ARE WISE, AND HOPE THAT YOU WILL ASSIST BY GIVING ANY VITAL INFORMATION THAT COULD LEAD TO THE APPREHENSION OF THESE HOODLUMS.
YOU CAN RECEIVE YOUR COMPENSATIONS PAYMENTS VIA ANY OF THIS OPTIONS YOU CHOOSE, DRAFT/CHEQUE PAYMENTS OR A.T.M CARD. EVERY OTHER MODALITIES WILL BE MADE KNOWN TO YOU BY ALHAJI HAMMAN ATIKU OF ECOBANK PLC. AS SOON AS YOU CONTACT THEM.PLEASE REMEMBER TO INCLUDE THE REF/PAYMENTS CODE:06654.
SEND A COPY OF YOUR RESPONSE WITH YOUR FULL DETAILS TO:
 
un.officespaymentsconfirmation@gmail.com
 
YOURS FAITHFULLY,
CHIEF OJO MADUEKWE.
NIGERIA’S FOREIGN AFFAIRS MINISTER.

Bennigan’s Bankruptcy; Is Famous Dave’s Next? August 12, 2008

Posted by curmudgeonblog in business.
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Bennigan’s files for bankruptcy protection

By LAUREN SHEPHERD, AP Business Writer Tue Jul 29, 5:45 PM ET

NEW YORK – Restaurant chains Bennigan’s and Steak & Ale have filed for Chapter 7 bankruptcy protection and stores owned by its parent company will shut their doors.

The companies owned by privately held Metromedia Restaurant Group of Plano, Texas, filed for bankruptcy protection Tuesday in the Eastern District of Texas, less than two months after Metromedia said it was not preparing to do so. Metromedia Restaurant Group is a part of Metromedia Co., owned by billionaire John Kluge, that has interests in entertainment, radio stations and medical equipment.

In a Chapter 7 filing, a company seeks to liquidate its assets and shut down.

Locations owned by franchisees were not part of the bankruptcy filing and will not be shut down, said Larry Briski, president of the Bennigan’s Franchise Operator Association.

“They will be open today, tomorrow and months and years to come,” Briski said of the franchise locations.

The 138 domestic and international franchisee-owned restaurants are “open and fully operational,” Bennigan’s Franchising Co. LP and Steak & Ale Franchising Co. LP said in a statement.

Briski said there are about 150 company-owned Bennigan’s restaurants.

Meanwhile, employees at what appeared to be a company-owned Bennigan’s in Plano were greeted by a sign Tuesday on the front door reading “WE ARE CLOSED. THANK YOU.” Next door, a Steak & Ale sat empty in a deserted parking lot but there was no sign posted.

A waiter named Steve, who wouldn’t give his last name, said the staff got a phone call Tuesday morning telling them the restaurant was closing.

Neither Bennigan’s nor the Metromedia Restaurant Group returned calls for comment. A lawyer listed in the filing, J. Michael Sutherland of Carrington, Coleman, Sloman & Blumenthal LLP, did not return a call.

The filing lists 38 separate entities that it classified as “debtors” but does not include a list of locations that are shutting down.

All restaurants have been struggling as consumers cut back on discretionary spending to better deal with high gas prices, the weak housing market and inflation. The hardest hit have been casual dining chains and bar and grill restaurants, which charge higher prices than fast food and other quick-service chains.

Bar and grill restaurants have also suffered from intense competition. Morningstar analyst John Owens said several chains expanded quickly, making it more difficult for customers to differentiate between them and forcing many companies to cut prices to lure diners.

“Bennigan’s was the weakest of the major players,” Owens said.

Meanwhile, commodity costs have soared, forcing chains to either raise menu prices or see profits plunge.

Credit has also been tight, making it difficult for companies to restructure their debt.

In June, Metromedia Restaurants said it was formulating a proposal to present to its lenders to restructure its debt, but said it was not preparing to file for bankruptcy.

In the filing, the company indicated that it has up to 49 creditors and owes less than $50,000. It said it will have no funds left after administrative expenses are paid to repay its creditors.

Jeffry Davis, a bankruptcy attorney at Mintz Levin in San Diego who is not involved in the filing, said he was surprised the company didn’t file for Chapter 11 protection, which would have allowed it to reorganize and remain open, and instead filed to liquidate its assets.

“Typically, at that point, management sees no way to improve the business within a reasonable period of time to allow it to go forward,” he said. “To me it’s really indicative of the economy.”

The news appeared to be a shock to most of the company’s employees, but some may have had an inkling that the company was not doing well.

Steve, the Bennigan’s waiter in Plano, said he recently went from making $30 on a good lunch shift to only $10.

“Business has been slow,” said Steve, who said he relies on tips. “I went from making a lot of money on a shift to making very little.

___

Associated Press Writer Paul J. Weber in Dallas contributed to this report.


Famous Dave’s parking lot is looking pretty sparse most days. I wonder if they are the next shoe to drop?