Complex Financing

CORPUS CHRISTI A trip to Veracruz, Mexico, a kayak and lessons, and dinner for four at the Republic of Texas are among the prizes up for grabs to those who help bring more conventions to Corpus Christi.

Officials with the Corpus Christi Convention and Visitors Bureau kicked off a new initiative Friday, Most Valuable Partner (MVP), aimed at booking more conventions. Conventions/conferences and sporting events make a substantial impact on the area’s economy. An estimated 7.2 million visitors spend more than a billion dollars with local businesses each year and almost 13,000 local jobs are directly related to tourism, according to the bureau.

A visitor who stays one night in a hotel brings a minimum of $143 to the area. Multiply that by 3,000 people staying three days and Corpus Christi gets a $1.28 million boost.

“We’re appealing to people’s civic pride,” said Keith Arnold, the bureau’s president and CEO.

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The kind of marketing strategy you use is important in the promotion of your business, products and services. They may be through traditional methods such as advertising in newspapers, or through modern means such as Email Marketing. This method is a growing trend with businesses who want to reach a wide range of people and inform them of their business immediately. It has been proven as one of the most effective ways in disseminating product or service information and letting other people know about current promos and special offers.

On top of having immediate access from the convenience of one’s home, Email marketing is a marketing strategy which allows people
With Email marketing, there wouldn’t be a need to use paper or other materials for promotion. Not only is this earth friendly but also minimizes your added expense. With the use the internet to send out email promotions, you are guaranteed faster information dissemination as well as faster response time from the readers. T Read more…

Despite all the news these days on derivatives, most people don’t know much about them. It could be that they are called a “complex” investment product by the media. The average person knows a derivative is somehow associated with the stock market and investments, but not much more. We will unravel the mystery.

After the dot.com bubble burst in March 2000, investors were scrambling for a new place to put their money. The mini-recession which happened around 2000 (or so it seems as compared today’s problems) was only worsened by 9/11. Interest rates were lowered to historical figures, but the economy was slow to take off. So Wall Street decided to promote another kind of investment vehicle in order to have a salable product. The product was the derivative.

In olden days, like 10 years ago, banks wrote and funded their own loans. In the

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CORPUS CHRISTI NuStar Energy’s regional facilities officially will receive a Star Worksite designation from OSHA during a luncheon Tuesday. The event will be at 11:30 a.m. at the company’s Corpus Christi terminal on Texaco Road.

Officials with NuStar and the Occupational Safety and Heath Administration will celebrate the event along with more than 100 NuStar employees. The star award, part of OSHA’s Voluntary Protection Program, is the administration’s highest recognition of effective, industrial safety and health programs.

The regional facilities include petroleum product and crude oil terminals, pipelines and pump stations from Houston to the Rio Grande Valley. This is the first time the company has received the designation at any of its U.S. operations.

Q. I defaulted on a credit card account 2 years ago. The debt went in to collections. Now I am looking to clean up my credit and pay off my debts. I pulled my credit report and noticed that both the charge off AND the collection are on my credit report. My questions are:

1. Is this legal?
2. Do I have to pay both of these debts even though it’s a duplicate?

A. To answer your first question, yes, both the charge off and the collection can be on your credit report. However the collection is tied to the original account, meaning that it can’t stay on your credit report any longer than the charge off from your credit card.

The second question you asked was whether you had to pay both of the accounts: absolutely not! If you pay the collection account, this will fulfill your obligations in full on the debt. I w

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