And office manager-type employee said that, according to the payroll service, the paychecks were NOT being held up for insufficient funds, only that "the Federal Reserve won't release the funds."
That doesn't make sense. The Federal Reserve loans money to other banks. They wouldn't have anything to do with your payroll account. I suppose it could have something to do with your company's bank being insolvent, but the Fed wouldn't intercede like that.
I poked around online, and the company's bank is fine.
There's the possibility that (1) office manager-type employee is lying; (2) payroll company is lying; or (3) office manager-type employee misunderstood what payroll company said.
#3 might be the real answer, because office manager-type employee is not the brightest porch light on the block.
Even if the bank were insolvent, it wouldn't matter. The bank could still go on doing business until a receiver is appointed. There might -- MIGHT -- be a problem in accessing accounts for a day or two after the receiver is appointed, but that's why receivership appointments usually happen on Fridays -- so the transition can happen over the weekend, and any bugs are worked out by Monday morning.
(Note: By "insolvent," I mean equity insolvent, where liabilities are greater than assets. But if a bank is in danger of being liquidity insolvent, or not having enough cash to meet obligations as they come due, the government steps in fast.)
Oh, forgot one thing on my weekend plans...
Start divorce paperwork. I printed out all the forms. Yikes.
weekend- read books about tenure decisions and the law. Maybe go to aunt's for dinner on Sunday.
It's got to be #3, because even if the story started as a lie, that one makes no sense.
Relatedly, the TAL story on a bank takeover a couple of weeks ago was
fascinating.
Tomorrow I'll probably start some freelance work. I used to put a Chinese version of a journal online at my previous job. They ran out of money to do it about the time I left, so no one learned how. Now they have the money for it and no one is willing/able to figure out how to do it.
So they called me and offered me about four times what I made to do it while I was working for them. I didn't leave because I hated them or anything, so I said sure.
Relatedly, the TAL story on a bank takeover a couple of weeks ago was fascinating.
We heard that in the car while driving back from a weekend away. Really incredible--the armies of folks going through every scrap of info in such a short time.
Just got back from the dentist. I thought I still had to pay for my cleaning from two weeks ago and feared I'd have to pay a bit more for my permanent crown today, but when I stopped at the receptionist, she said I only owed $11--yay!
So, I stopped at the Jewish deli on my way home and splurged on extra lean corned beef, sweet and sour meatballs, and some fresh-baked bagels with veggie cream cheese. Yummmm. The corned beef is the best ever, but it's expensive ($15.50/lb), so I've only gotten sandwiches in the past, not buying it by weight. I'm looking forward to lots of sandwiches made at home in the next week or so. I was tempted by their kugel, but I passed.
The Dairy Queen next door to the deli knows their customers--they had handwritten signs wishing Happy Passover and offering flourless ice cream cakes.
Zombies mash-up author receives rumored $575,000 for Abraham Lincoln: Vampire Hunter
Pride and Prejudice and Zombies author Seth Grahame-Smith, whose Jane Austen mash-up has more than 120,000 copies in print since its publication April 1, has just inked a two-book deal with Grand Central Press for a rumored $575,000, Publishers Weekly reported. Grand Central Press would not comment on the size of the advance.
Grahame-Smith's first book for Grand Central Press, which currently has no release date, will be Abraham Lincoln: Vampire Hunter. The proposal for the new novel sold at auction Wednesday, and the story is a loose sketch of Lincoln's life with one twist—our 16th president is the world's most skilled vampire hunter.
A film proposal has already started circulating, with the William Morris agency handling film rights.
What's next?
Shirley Temple: Necromancer?
