Archive for February 11th, 2008

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Is your email inbox overflowing with thousands of messages, or is it virtually empty, with only the few messages that have come in since the last time you checked it? It seems like a easy personal preference, but the answer to the question of whether you’re an email “filer” or “piler” states a lot more about you than you might think it does.

While nobody can see into your inbox, the fact is that if you simply leave everything there and let it get pushed down by new messages that are coming in, you’re nearly certainly not giving enough thought to the things that hit your inbox. For pilers, the only clue as to whether an email has been dealt with is whether it is marked as read or unread. But all too often we read emails when we’re not currently in a position to do anything about them. Even if we’re careful about going back and marking messages as unread, they still get pushed down, out of sight, out of mind.

Right now, many of you with overflowing inboxes are probably screaming at your screen. How can we be so bold as to assume that we know if you’re on top of your email or not based on this easy criteria? And plus, just last week we were writing about the virtues of Gmail. Gmail! You know, the email client made by that world wide web search juggernaut, Google! Surely if you need to find an email, it’s only a search away. So why bother filing things at all?

Okay, we hear you, and understand your position. But there’s really no gentle way to say this, so we’re just going to come out and say it.

You’re wrong.

Okay, there, we’ve said it. Everyone take a deep breath! Now let’s look at how we can take such a controversial position in complete and utter knowledge that we’re right, with not even the remotest possibility that we could be wrong. Alright then.

Continue reading Piling vs. Filing - Emailers Anonymous

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The country’s wealthiest people live in the suburbs of Washington, D.C. At least, that’s according to a story written by Matt Woolsey for Forbes.com. Woolsey compiled a list of the nation’s richest counties. You can read it, and its accompanying story, here.

Fairfax County, Va., Loudon County, Va., and Howard County, Md., all suburbs of Washington, D.C., top the list as the three wealthiest counties in the country, based on 2006 median household income.

In Fairfax County, the median household income comes in at $100,318 a year. In Loudoun County, that figure is $99,371. In Howard, the figure is $92,260.

This is another great list from Forbes, whose editors delight in publishing such snapshots of American wealth. Just be careful reading it:  You might get a tiny jealous.

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Societe Generale, in trouble because of losses suffered due to transactions by one trader, will raise almost $8 billion. The rights offering is at an amazing 39% discount to the price as of the Friday close.

According to The Wall Street Journal “the bank also said write-downs linked to fallout from the U.S. subprime-debt crisis would be €2.6 billion, compared with the €2.05 billion announced in January.” in other words, it is in deep distress.

A sales of shares at a 39% discount raises a question about the valuation of US banks should they be put in a postilion to raise more money due to bigger subprime write-offs or write-downs in their LBO portfolios. American-based money center banks might have to take more losses in the early quarters of this year as a recession further devalues some of their assets.

To put it in stark relief a rights offering at Citigroup (NYSE:C) at a 39% discount would price shares at $16 compared to their current $26 which is down from a 52-week high of $55.55.

Douglas A. McIntyre is an editor at 247wallst.com.

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