ECONOMIC SOUL
 June 18, 2007 - vol. VI
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ECONOMIC SOUL Starts Team Buying Program to Get Discounts and Target Businesses That We Agree To Support

The Internet can even the playing field in many ways.  It allows a small business to reach customers globally without a large marketing budget.  It allows consumers to support businesses that they normally could not support for the sake of inconvenience.  What if this August a group of 10 purchased Toyota Camrys or any other cars at the same dealership?  What if during the Christmas season a group of 200 purchased the same model Flat Screen Televisions?  How about making group Beef purchases from Black Farmers in Mississippi?  Saving $$$$ on Organic Fruits & Vegetables would be very nice, wouldn't it? How many Laptops would we have to purchase to get a decent discount?     More

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Business Modeling in 2 Simple Steps
by Dr. Otis D. Jones

According to the Wikipedia, a business model is “a description of how an organization functions…  It identifies the firm’s customers and the products and services it offers.  A model also provides information about how a firm is organized and how it generates revenues and profits.”  Many businesses big and small have business models that can drastically differ from each other.  Many of these business models work.  You can find good examples of working business models in Google, Dell Computers, Starbucks, Wal-Mart and many other popular companies.  At the same time, many models do not work.  Why?
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Lawsuit seeking $1 billion claims tobacco companies targeted black smokers     

By Brad Bennett
Broward (Fla.) Times
A Coral Gables attorney on Wednesday filed suit against several tobacco companies, accusing them of targeting black consumers.  
 
Attorney J.B. Harris is seeking more than $1 billion in damages on behalf of Gloria Tucker of Coral Springs, a black woman whose mother and grandmother died of health problems related to smoking.  
Tucker’s mother, Dorothy Oliver, died on Nov. 29, 2000. Her grandmother, Annie Mae Swain, died on July 5, 1994.
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Staying Motivated In Challenging Times
by Otis Williams

When was the last time you had a visit from the infamous Mr. Murphy? You know the guy I’m taking about: Mr. If Anything Can Go Wrong It Will Go Wrong (and at the most inopportune time, I might add). I truly believe, if he’s not visiting with you right now, he must have just left, or he’s on his way. Sometimes when he stops by my house, he has the nerve to sit in my favorite chair, put his feet on my table, ask for the TV remote, and request a cup of coffee. My point is simple: None of us are immune; there is no vaccination, and sooner or later we all get our turn to drink from the bitter cup of life. Motivational speaker W. Mitchell, said, “It’s not what happens to you, it’s what you do about it.” So, when you find yourself in challenging times (and you will), here are four things you can do to make the best of a demanding situation.
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Refinancing & First Time Homebuyer Report 
by Tracy Larkins

The purpose of refinancing is to save you money. The goal is to minimize your expense over the life of the loan or to minimize your monthly payment in the near future. How does your current loan compare to others available in today's market? Based on your current loan this may be an opportune time to refinance. 

Here are some reasons you might consider refinancing your current loan:

  • If you have a fixed rate loan and can refinance to a similar term loan at a lower rate

  • You have an Adjustable Rate Mortgage (ARM), which is about to increase

  • You have an  Adjustable Rate Mortgage (ARM) and you want the stability and certainty of a fixed rate loan 

  • You have a "balloon loan" that needs to be refinanced

  • You need a "cash out" refinance
     More

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