Credit Card Chaos update

I did as bigraoul suggested and put the fraud watch on my account with one of the big three credit agencies. Now if someone wants to open a credit account with my info the merchant has to verify it more carefully. For anyone else interested, the info for US people is at http://www.consumer.gov/idtheft/con_steps.htm

Special note to douglain: One of the charges I accidentally listed as fraudulent was the Amazon charge for ordering your book. This may lead to literary/financial/bureaucratic yucks later on as I try to rectify this. Watch out for black helicopters; there’s no telling how far They will go investigating these things.

In related news I recently got a credit card from Robinsons-May, one of our local department store chains. The information that came with the card listed two possible interest rates that might apply to it, without specifying which was currently mine. There was also no credit limit listed. Hey, I think I’ll go buy a suit that I may not be allowed to buy, and in doing so take out a loan at an unknown rate! I LIKE SHOPPING!

Buying a house? Watch out for paradigms

torgo_x forwarded the most clear and forceful explanation of how really bad mortgage ideas work, and why the current situation can’t end well. Math is hard, and optimism is easy. I’d guess a lot of the people who do this think of themselves as risk-takers who are going to win. I wish them all luck tripling their incomes in the next five years.

I wonder what the impact of a really bad housing crash would have in Orange County. Not only is real estate development a big local industry, but that whole slimy subprime mortgage business is mostly here too. So much so that we refer to big-spending young guys who party hard as “mortgage bro’s”.

If there’s no more money for the next swathe of terra cotta boxes in Temecula, and no more spiffs for selling predatory refi’s to hicks, and no more interest-only ARM crazy home loans to sell, that’s a big chunk of the local wealth just flat fucking gone. It could be as bad as the Great Defense Slump of the 1970s, which was a carnival of suicidal dads, boarded up ranch-style homes, and 40 year old draftsmen lining up for government aid and retraining programs. Oh by the way, those are gone now because we didn’t need them in the New Economy. Whoo boy.

It just wouldn’t be the holidays

…without grim film noir news from Downtown Los Angeles. Of course the story doesn’t point out that the reason all the “services” for indigent people are in Skid Row is to keep them bottled up there, in one of the world’s most dangerous square miles. I used to talk to homeless guys downtown who wouldn’t go to the missions because they thought they might not make it through the murderers, stuff on fire, other murderers, etc.

Hospitals send patients to L.A.’s skid row

LOS ANGELES (AP) — Three hospitals acknowledged putting discharged patients with nowhere else to go into taxicabs heading to the city’s downtown skid row, the Los Angeles Times reported.

Representatives of Hollywood Presbyterian Medical Center, Kaiser Permanente West Los Angeles and Martin Luther King Jr./Drew Medical Center said they were helping patients because skid row offers their best chance of getting services and shelter. They said patients are sent to skid row only if they are healthy enough.

“One of the challenges is that there are very few places that will take patients coming out of the hospital, even when they are medically cleared,” said Mehera Christian, a spokeswoman for Kaiser Permanente Metro Los Angeles. “There are just a scarce number of places in the community to assist our homeless.”

The hospitals were the first to acknowledge delivering people to skid row. A Los Angeles Police Department report had accused the three hospitals and several suburban law enforcement agencies of leaving homeless people and criminals downtown. The suburban departments deny the accusation.

LAPD officials agreed that the hospitals have few other choices, but said the practice only adds to grim conditions on skid row. They disputed the hospitals’ assertion that the patients were always ready for release.

Earlier this week, city and state officials pledged a new fight against problems in the neighborhood, including drug dealing that police say generates roughly one-fifth of the city’s drug arrests.

Officials at the three hospitals said they don’t simply dump the patients.

Hospital social workers usually meet with patients to try to connect them with agencies or groups that could help them, then provide them transportation, Christian said. She said about half of patients say where they want to go, and none are forcibly taken anywhere.

Joseph Epps, an attorney for Hollywood Presbyterian, said hospital policy calls for homeless and indigent patients to be transported by hospital van to the Los Angeles Mission on skid row or to receive taxi vouchers to go wherever they want.

LAPD Capt. Andy Smith said patients don’t always reach their destinations, and that he often sees “individuals with not one but sometimes two different hospital bracelets, and people with bandages on, people who are barely ambulatory, and we’ll end up calling an ambulance. Sometimes they are in such bad shape they are incoherent.”

LAPD Assistant Chief George Gascon said services should be spread across the area so skid row doesn’t bear too much of the load.

GO GO GADGET 401(K)!!!

Your Personal Rate of Return from 01/01/2005 to 10/13/2005 is -5.6%

Your Personal Rate of Return is calculated with a time-weighted formula, widely used by financial analysts to calculate investment earnings. It reflects the result of your investment selections as well as any activity in the plan account(s) shown. There are other Personal Rate of Return formulas used that may yield different results. Remember that past performance is no guarantee of future results.

Welcome to Innotech

I love my monster.com job updates, not because I am looking for a job right now, but because of things like this.

I’m glad they don’t just passively reject the transactional staffing industry paradigm. But couldn’t they do so proactively? It’s great that they can handle projects of varied size and scope, too. The companies with the fixed size and scope are awfully weird. And I knew about globalization, but when did the economy become project–based? I thought it was all about shit like steel, and wheat, and oil, and the value of the Euro.

JOIN THE GLOBAL HOME FOR TECHNICAL TALENT

The global home for technical talent, Kineticom partners with progressive companies in the talent-sensitive information and communications technology industries to build effective, flexible workforces.

Our active rejection of the transactional staffing industry paradigm allows us to excel as a consultative partner, delivering premium value to clients on people-critical projects of varying size and scope.

Within a culture of skill building, our contractors trust their Kineticom talent agents with the advancement of their careers, secure in the knowledge and proof that Kineticom develops self-reliant professionals who succeed in the global project-based economy.

Kineticom won a 2005 American Business Award (“Stevie”) for Best Agency, recognizing our leadership in redefining the staffing agency model amid the global shift to a flexible workforce. Our ISO 9000-2001 certification ensures the quality of our business processes and our commitment to client satisfaction. Founded in 2000 with offices in San Diego, Calif., Dallas, Texas and London, U.K., our client list includes: T-Mobile, Cingular, Sprint, and Intel.

It’s our spirit, our passion, and our willingness to take risks in pursuit of winning that make us the top technical talent firm. We have a knack for finding and developing talent – it’s what we love and what we do best. If you do too, we invite you to join us.

Where your mutual fund money is going (WSJ)

Short version: whores, private jets, and rented dwarves. P. Diddy is running your 401(k).

A Wall Street Affair: This Bachelor Party Gets Lots of Attention Probe Centers on Payments For Fidelity Star’s Bash; Private Jet to South Beach

By SUSANNE CRAIG and JOHN HECHINGER
Staff Reporters of THE WALL STREET JOURNAL
July 18, 2005

Even by Wall Street’s over-the-top standards, the March 2003 bachelor party for Thomas Bruderman, a onetime star trader for Fidelity Investments, was an event to remember.

The festivities began with a trip by private jet from Boston to a small airport outside New York City. There, the revelers picked up some Wall Street traders and at least two women who investigators suspect may have been paid for their attendance, say people familiar with the matter. The partygoers — including the groom-to-be, who was getting ready to marry the daughter of former Tyco International Ltd. boss L. Dennis Kozlowski — then continued to trendy South Beach in Miami. The fun included a stay at the ritzy Delano Hotel for some, a yacht cruise and entertainment by at least one dwarf hired for the occasion.

“Some people are just into lavish dwarf entertainment,” says the 4-foot-2 Danny Black, a part-owner in Shortdwarf.com, an outfit that rents dwarfs for parties starting at $149 an hour. Mr. Black says he spent part of the weekend on the yacht and worked as a waiter on the Friday night at a high-end Miami eatery alongside what he called “regular size” people. “A good time was had by all,” he said, declining to provide further details.

Now I say I say hold I say hold I say HOLD ON HERE.

One-Click Horking

Hi there. I’m going to talk to you today about website programming. You aren’t interested, but maybe you should be, because your bank sucks at it.

Today I cancelled a credit account that had been paid off a long time ago and was no longer useful. Before I called them up, I looked at the website for my account to make sure that everything was clear and that no pending or recurring charges would show up.

The account statement looked like this:

Available Credit: [redacted]

Current balance: $0.00

Minimum payment Due: $20.00

Previous Balance: $0.00

Last Payment: $58.97, 3/5/2005

I immediately saw that I had a $20 payment due, but missed seeing that my balance was zero. Oh crap, how long has that been due? At least since March! Better pay that last $20 before I cancel. I clicked on the “Make a payment online” button.

that’s when it got funny