[I like to think of myself as a pretty easy going gal and try not to sweat the small stuff. But sometimes (ok, maybe slightly more often) the general cluelessness, carelessness and overall stupidity of some things and or/people really gets to me. I find that venting is the most efficient way to rid myself of the stress that idiots, wrong meal orders, lack of cell phone etiquette and cheese flavored products (that don’t even contain any freaking cheese!) induce.

So, in an attempt to avoid an ulcer or an unfortunate road rage incident, I vent to you, dear reader. Please feel free to join in and comment about anything–really, anything–that pissed. you. off. this week. Let it all hang out. I feel you.]

When people preface an offensive comment with “no offense”: As in “No offense, but that dress makes you look fat,” or “No offense, but I think you are an incompetent tool.” See? It’s not a get-out-of-jail-free card. Some discretion should still be used when offering constructive criticism or an alternative p.o.v. If you’re going to insult someone, do it the right way: screaming it at the top of your lungs while dousing them with the nearest, most stain inducing liquid you can find. Don’t hide behind backhanded disclaimers. Read More »

Jake and Reese: engaged? Heart. broken. Weep.

Project Runway finalist Kenley assaults boyfriend?

Lash Blast goes luxe!

Finding an internship can be a real nightmare.

Nick Cannon and Mariah make a HUGE purchase.

Find the perfect post-grad job!

Is John Mayer writing a tell-all? Read More »

Mondays are always bad, especially after a weekend of heavy drinking (as if there are any others), but today is even worse. It’s bad. Very bad. Very, very bad.

Citigroup just announced that it will be buying Wachovia bank to save it from collapsing. Just like AIG. And WaMu. And every other FREAKING BANK IN THIS COUNTRY.

Seriously, are there any banks even left anymore?

I know that everyone is telling us not to freak out, that this is just a dip and that we will come back from it, but I am about ready to pull my money from the bank and invest it somewhere safe.

Like in denim. Or shoes. Or lots of new winter coats. Those greedy bastards on Wall Street won’t be able to take it from me there!

Unless you live in a cave, you know that things haven’t been going well for the United States during the past couple of weeks. Fannie Mae, Freddie Mac, Lehman Brothers and AIG crumbled under the weight of our own idiocy and greed (and are also being investigated by the FBI, yay!), Democrats and Republicans are harshly divided, no one can agree on Bush’s $700 billion bailout, and Washington Mutual was just sold off to JP Morgan.

Oh, also, an asteroid is probably going to come after us some point in the near future.

We here at CC agree that school work is of the utmost importance, so by no means should you blow off that 15-pager on the life cycle of the zebra fish in lieu of our national downward spiral, but perhaps you might want to pour yourself an extra glass of wine this weekend (or if you don’t drink, purchase a nice package of Oreo cookies) and force yourself to relax.

The media is doing its best to scare us, and yes, times are kinda sh*tty, but the best thing we can do as young people is educate ourselves on the issues currently effecting us, process them to the best of our ability, and then tell ourselves to remain calm.

You know what also helps? (find out after the jump) Read More »

(In the second installment of our Expert Series Understanding The Economic Situation, we continue with the Q and A with a VP of an Investment Banking Firm. He knows his stuff and he’s gonna break it down for us in ways we can finally understand. Pay attention; he offers great advice for us college ladies for saving, spending, and not getting depressed. In case you missed the first part, read it HERE]

Do these recent economic waves mean college students and recent grads should stay away from investing in the stock market right now?

No – they should DEF participate and now is the time to do it. Recent and current grads should look to NON-financial stocks. Everything is down right now and there are so many bargains. Look to other tech and retail stocks. Buy stock and just let it sit. Don’t start trading regularly like I did when I was in college. I didn’t really make anything off of it, and if I had held onto the Google stock that I bought at $15, I would NOT be answering this email right now – I would be on a beach drinking fruity drinks with umbrellas.

How does one actually start to make smart investments?

Smart investments are ones that are based off of information, not emotion. An emotional investment is, “OMG, everyone is selling off finance stocks – I should sell mine too!” An informed one is made by reading 10K reports, poking around the internet for info, maybe even emailing or calling an investor relations representative of a company (they HAVE to talk to you and actually like doing so). Then you say, “Oh, Lehman is f*cked but JP Morgan is still in a strong position.” Read More »

We’ve sorta been freaking out lately about this whole economy thing. What the hell is going on? How bad is it? Should we start stocking up on non-perishables?

Depending on what channel we are watching, or what paper we are reading, we are hearing very different things. Most of which we do not understand.

So, we at CollegeCandy decided to bring in an expert: a VP of an Investment Banking Firm. He knows his stuff and he’s gonna break it down for us in ways we can finally understand. Pay attention; he offers great advice for us college ladies for saving, spending, and not getting depressed.

(Note: We had so many questions that it was just way too much info for a single post, so we will be breaking this one down into two. Come back tomorrow at the same time to find out the rest!)

CC: We keep hearing the words “Recession” and “Depression” – What’s the difference between them and which one are we REALLY dealing with now?

VP:The market, especially now that it has been globalized, is very cyclical. It goes through growth periods and reduction periods. A recession, in its most simple terms is an extended and significant contraction of the market that is evident in several indicators that are generally accepted as representative of the market. The REASONS for contraction are endless; everything from housing to taxes to the results of Rose Bowl affect the market, but it is important to note that a recession refers to SIGNIFICANT losses across the country for over 1 quarter (3 months), but – this part is important – it should be visible in the GDP. A depression is simply a sustained recession. Read More »

The country is getting ready for a terrible recession. Banks are folding and getting bailed out by loans from the FED (which has federal in the name but is private). Scientists are trying to rip open space and time using the Large Hadron Collider. Someone like Sarah Palin is officially close to being involved in a presidency.

The signs are there: the world is going to end. And while I’m sure no one can get a godd*mn job right now (lord knows I can’t), we can at least look forward to the post apocalyptic job market that’ll present itself once the gaping maw of darkness spreads wide, and evil once again walks our planet.

Here are some jobs you may want to start building a resume for. Read More »

We’re trying to remain calm.  We really are.  But WTF, economy?!  Stop getting all Depressed on us…

“The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape.”

In case you’re just waking up, Wall Street is going through some major changes.  Nevermind that Ike is causing oil prices to jump up yet again, two huge investment banks, both of which came through the 1930’s Depression, are in the process of folding.  While Merrill Lynch may be finding new life under Bank of America, Lehman Brothers, which is 158 years old, is closing it’s doors for good.

What does this mean for you?  Well, that remains to be seen.  All eyes will be watching Wall Street today, hoping and praying that other stocks will stay strong in the wake of such monumental financial crumblings.  It’s not news that our economy is currently shaky at best, and it may be too early to tell how exactly these two recent foldings will effect people’s wallets.

Let’s just think positively.  And maybe…skip that latte this morning.