69% of Americans Have Less Than $1,000 in Savings - Americans are falling short when it comes saving money — specifically, setting aside money in savings accounts — to create a financial cushion. In fact, they’ve gone from bad to worse, according to GOBankingRates.com’s latest survey findings on savings amounts.
In 2015, we asked more than 5,000 adults how much they had saved in a savings account. The results were startling: 62 percent said they have less than $1,000 in savings. From Popper
Free Lakota Bank | Sovereignty through Economic Independence - The Free Lakota Bank is the worldâ€™s only non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money: .999 fine silver. All of our demand deposits are liquid, meaning they can be withdrawn at any time in minted rounds. From Surfer
Why Young Americans Are Giving Up on Capitalism - Imagine that you’re twenty years old. You were born in 1996. You were five years old on 9/11. For as long as you can remember, the United States has been at war.
When you are twelve, in 2008, the global economy collapses. After years of bluster and bravado from President George W. Bush — who encouraged consumerism as a response to terror — it seems your country was weaker than you thought. In America, the bottom falls out fast. The adults who take care of you struggle to take care of themselves. Perhaps your parent loses a job. Perhaps your family loses its home. In 2009, politicians claim the recession is over, but your hardship is not. Wages are stagnant or falling. The costs of health care, child care, and tuition continue to rise exponentially. Full-time jobs turn into contract positions while benefits are slashed. Middle-class jobs are replaced with low-paying service work. The expectations of American life your parents had when you were born — that a “long boom” will bring about unparalleled prosperity — crumble away. From Popper
Meet the Women on the New $10 Bill - NBC News - he replacement of Andrew Jackson on the front of the new $20 bill with abolitionist Harriet Tubman isn't the only change to new versions of U.S. currency announced Wednesday â€” five leaders of the women's suffrage movement will also be featured on the back of the $10 bil From X Isle
Want to Get Tough on Crime? Scrap the $100 Bill | Money Talks News - Letâ€™s say a criminal needs to transport $1 million. If heâ€™s using $100 bills, he could fit $1 million in one briefcase, which would weigh in at about 22 pounds, the Economic Times explains. If the $1 million is denominated in 500-euro notes, it could fit in a small sack weighing about 5 pounds. From X Isle
RBS Warns: Sell Everything - RBS economists have urged investors to sell everything except high-quality bonds, warning of a fairly cataclysmic year ahead. Writing in a client note dated Jan. 8, the bankâ€™s European rates research team said that clients should be concentrating on return of capital, not return on capital, and that an ominous outlook to the world economy â€śall looks similar to 2008.â€ť From cw
Fannie Mae Rolls Out Easy Mortgage, Catering To High-Risk Immigrants - Subprime 2.0: The White House is rolling out a new low-income mortgage program that for the first time lets lenders qualify borrowers by counting income from nonborrowers living in the household. What could go wrong?
But it might was well be called DefaultReady, because it is just as risky as the subprime junk Fannie was peddling on the eve of the crisis.
Gambling on gambling to boost the Russian Far East - The casino is the first venture in a new special gambling zone in a country which - since 2009 - heavily restricts this industry. The local budget is expected to gain $16 a year in taxes from the new venture, which is scheduled for completion as a massive new entertainment complex in 2022. From Nony
The World's 10 Richest Terrorist Organizations - Forbes - Here is a list of some of the worldâ€™s wealthiest â€“ and most dangerous â€“ terrorist organizations and how they make their money. The list was created by Forbes Israel based on interviews with security experts and counter-terror specialists, as well as reports and analysis from international NGOs, academic and government organizations, and think-tanks. It brings to light estimated numbers behind the top ten wealthiest terrorist organizations from the State Department list of Designated Foreign Terrorist organizations. From Nony
Mt Gox's Mark Karpeles arrested in Japan - All this talk of Bitcoin being the money of the future and we keep seeing incidents like this. It might be good for moving cash anonymously around the world, but it is no place to park it. From Roddy
Chinese trend sees new billionaire every week - The center of great wealth creation has shifted from the United States east to Asia, a joint report from UBS and PwC shows. China, the most outstanding example, produced new billionaire almost every week in the first quarter of 2015.
China does capitalism better than America. From Roddy
Students renounce their citizenship to save $100,000 - Students residing legally or illegally in states such as California, Texas, Maryland, and Virginia are eligible for in-state tuition, legal immigrants, international students, and U.S. citizens from out of state continue to pay out-of-state tuition, often costing several thousand dollars more. From Roddy
HOW THE OLIGARCHS SPEND YOUR MONEY - Ultra-expensive automobiles accounted for a massive slice of the global luxury goods market last year. Across the world, the super rich spent almost $438 billion on fancy cars in 2014. Personal luxury items like perfume, jewellery and clothing were the second largest market, accounting for $278 billion. The value of the worldâ€™s luxury goods market has increased steadily in recent times, little surprise given the increasing number of billionaires across the globe. All in all, people splurged over $1 trillion on upmarket items throughout the year. From Nony
92.4 million Americans not in the labor force - The continuing trend of one-third of Americans supporting the other two-thirds. This is where democracy always ends up. If it is easier to vote for a candidate who will give you a monthly check instead of working, why work? From Roddy
Most US unemployed don't get benefits - Fewer than 25 percent of those out of work are signed up for weekly unemployment benefits, a near-record low since the government began tracking this data in 1987.
So what is the REAL unemployment rate???? From Roddy
USMS Asset Forfeiture Sale - Silk Road Bitcoins for Sale - THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE FOLLOWING INFORMATION IS BEING PROVIDED WITHOUT RECOURSE TO THE UNITED STATES OF AMERICA OR THE UNITED STATES MARSHALS SERVICE.THIS AUCTION IS FOR THE BITCOINS CONTAINED IN WALLET FILES THAT RESIDED ON SILK ROAD SERVERS, INCLUDING THE SERVERS ASSIGNED THE FOLLOWING INTERNET PROTOCOL ADDRESSES: 18.104.22.168; 22.214.171.124; 126.96.36.199; 188.8.131.52; 184.108.40.206; AND 220.127.116.11 (â€śSILKROAD SEIZED COINSâ€ť). From cw
Armageddon Warned Near As Russia Orders All-Out War On Petrodollar - An ominous new report prepared by the Ministry of Finance (MoF) on President Putinâ€™s order yesterday to accelerate the opening of the St. Petersburg Exchange (SPE), where prices for Russian oil and natural gas will be set in rubles instead of US dollars, is warning that this â€ścatastrophic blowâ€ť to the petrodollar amounts to nothing less than â€śall-out warâ€ť against the West and that an â€śArmageddon responseâ€ť from the Obama regime should be expected to swiftly follow. From Nony
How the Chinese currency is replacing the U.S. Dollar in global oil markets - As the U.S. stays distracted with stone age warriors in Central Asia and the Middle East, the last platform of the American economic foundation, the U.S. Dollar's currency reserve status, is being undermined by their trade partners in Asia. Both Australia and Japan are set to start direct-trading in Chinese currency and they are not the only ones. There are almost 20 countries whom have currency swaps in place with China all in order to side-step the U.S. Dollar in global trade. From Roddy
40 Percent Of U.S. Workers Make Less Than $1.60/hr. - That's 1968's minimum wage adjusted for inflation. Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. That is how far we have fallen. From Roddy
Arrested development courtesy of student debt - They say that a college graduate makes a million dollars more in a lifetime than a non-graduate. However, if you invested the money for college in even a CD, you would have all that money back by retirement. There is no financial gain for most people. From Roddy
Even teenagers are making over $75,000 a year in these U.S. cities - "If you can pass a drug test and get a commercial driver's license, you can get $80,000 in one phone call," Gulick said.
Good option for somebody who lost their job. Another one is the Bakken shale deposits in North Dakota. Same economy, much colder.
Bring a camper or Winnebago. From Roddy
Sucker Alert? Insider Selling Surges After Dow 14,000 - Insiders have been pulling out of stocks just as small investors are getting in. There have been more than nine insider sales for every one buy over the past week among NYSE stocks.
The average guy on the street is always the last one to know. From Roddy
Cat Picks Better Stocks Than Money Managers - While the pros analyzed the market, Orlando picked his stocks by tossing a toy mouse over a grid of different companies. In the end, his portfolio rose by an average of 4.2%, finishing with $8,800, ahead of the professionals' $8,200.
Most people don't know that mutual fund managers beat the market only about 1/3 of the time. The rest of the time a monkey with some darts and a Wall Street Journal would do better. From Roddy
Google shares suspended after accidental email wipes $22bn off value - It was the printer's error that wiped $22bn from the value of the world's biggest search engine. Shares in Google were suspended for more than two hours after an accidental email to the US stock market authorities revealed that the company's latest quarterly results were far below Wall Street's demanding expectations. From cw
Real estate tourism: Who's really buying America's homes? - Since the housing bust, foreign buyers have flooded the U.S. housing market, taking advantage of favorable exchange rates, weaker prices and, in some cases, record-low mortgage rates. Foreign nationals accounted for $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012, according a June survey from the National Association of Realtors. That was up 24% from $66.4 billion the previous year. More than 50% of sales over the past year occurred in just five states: Florida, California, Texas, Arizona and New York. From Popper
Largest yacht in the world Azzam designed by Nauta Yachts - Under Construction - SuperyachtTimes.com - Last month, LĂĽrssen moved the hull and superstructure of the world's largest yacht, Azzam, believed to be around 180 metres long. Since that day, we have received confirmation, that the yacht is designed by Italian yacht designers Nauta Yachts. We tried to get more details from the design team, but they remain tight lipped about any details concerning this huge project. We can however show you more photos, and a video of the yacht, taken on the day she was moved to the a new shed.
From X Isle
Mystery Billionaire Builds World's Largest Yacht - U.S. Business News - CNBC - The mega-yacht wars have escalated, with a Middle-Eastern billionaire building a 590-foot ship thatâ€™s expected to be the largest yacht in the world when it launches next year.The ship, called Azzam, is under construction at a shipyard in Germany, according to SuperYachtTimes.com. Itâ€™s expected to measure 180 meters, or around 590 feet â€” or the size one-and-a half football fields, plus a basketball court. From X Isle
WTF CHART OF THE DAY - The average Italian has a net worth three times as much as you. I thought their country was a shambles. The average freaking Spaniard has a higher net worth than you. I guess buying shit on credit for the last three decades didn’t actually make us richer
Number One! Number One!
Whadda ya mean, NO? From Roddy
How the Richest 400 People in America Got So Rich - In 1992, the 400th richest person in America made $24 million.
In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted).
The average income of a top-400 earner grew by 650% between 1992 and 2007 to a whopping $344 million. Over that time, the average salary didn't even double. But the average capital gains haul increased by 1,200%. So how do the richest get richer? Not from their wages. From their investments. From Popper
Help wanted – China struggles to fill jobs - High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email email@example.com to buy additional rights. http://www.ft.com/cms/s/0/92108d0a-b13b-11e1-9800-00144feabdc0.html#ixzz1xJoCjZVi
While Europe and the US struggle with rising unemployment, China’s labour problem is the opposite: it experienced a record shortfall of workers in the first quarter. The human resources ministry says that for every 108 employees sought by companies, only 100 people were looking for jobs – equating to a nationwide deficit of nearly 1m workers. From Roddy
More Than Half of College Grads Underemployed - Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. From Roddy
Canadian penny drops in federal budget as Jim Flaherty signals end of one cent coin | News | National Post - The penny coin, loved by some but an annoyance to many, will be withdrawn from circulation this year because it costs too much to make and is a pecuniary pest.â€śThe penny is a currency without any currency in Canada,â€ť Finance Minister Jim Flaherty said Thursday.Ottawa said the penny retained only one twentieth of its original purchasing power. It costs 1.6 Canadian cents to produce each one cent coin and stamping out the penny will save around C$11 million ($11 million) a year. From X Isle
High-tech Sweden edges closer to becoming cashless society - The Washington Post - STOCKHOLM â€” Sweden was the first European country to introduce bank notes in 1661. Now itâ€™s come farther than most on the path toward getting rid of them.â€śI canâ€™t see why we should be printing bank notes at all anymore,â€ť says Bjoern Ulvaeus, former member of 1970â€™s pop group ABBA, and a vocal proponent for a world without cash.
The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.
In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether. From X Isle
The Man Who Broke Atlantic City - Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City's Tropicana casino. Not long before that, he'd taken the Borgata for $5 million and Caesars for $4 million. Here's how he did it. From cw
Apple's only $14 billion away from being larger than the entire U.S. retail sector - Apple market capitalization, as it sits, is just over $514 billion an astonishing number we're all still getting used to. Even more amazing, however, is that Apple's market cap is about to be larger than the entire United States retail sector. With Fridayâ€™s iPad launch, weâ€™re guessing that $14 billion in market value wonâ€™t be an issueâ€¦ From cw
What the Original $1 Bill Looked Like - - Secretary of the Treasury Salmon P. Chase, who was in the enviable position of designing the original US $1 bill in 1862. So who do you think he put on that bill? Himself, of course. Chase wanted to be President, and he figured that having his face on popular currency would be killer buzz-marketing â€” obviously, that didnâ€™t pan out. From X Isle
The new American Dream of renting - For 2012 renting is likely the best bet for many of those that still have yet to purchase a home and are thinking about diving in. The machine wants you to be a homeowner even if it devours every last cent of your disposable income and blindly following the herd will get you economically slaughtered. From Roddy
The Majority of US Senators Are Millionaires - More than half of the U.S. senators are millionaires and four more fall just 100 grand short of the million-dollar mark, according to a recent Roll Call analysis. The survey, based on a review of Senate financial disclosure forms filed in 2010, also indicated that the majority of senators saw their fortunes grow during the past year.
Minimum wage is too much for these guys! From Nony
Funny money: How counterfeiting led to a major overhaul of Canadas money - In the fall of 2004, a Brinks truck loaded with cash was rumbling down highway 416 south of Ottawa, picking up bank deposits from stores and restaurants along the way, when the driver noticed something troubling in his rearview mirror. It was a grey Hyundai.As the Brinks driver glanced behind him, he couldnâ€™t help but notice it was the same car he and his partner had seen at the last two gas stations. And the Tim Hortonâ€™s before that. And the McDonaldâ€™s before that. Something wasnâ€™t right. From cw
Canada's new plastic $100 bill is all tricked out - Watch out counterfeiters: Canada is planning to abandon paper money.This week, our friend to the north introduced the first in its new line of all-plastic notes -- a cool $100 bill made out of a single sheet of plastic polymer and tricked out with all kinds of high-tech security features.In a statement, the Bank of Canada said that the new notes will last twice as long as paper money and will also be recycled, which makes them generally greener (even though the $100 bill is kind of yellowish in color). From cw
Dirty, sexy money: people saw sex toys, religious symbols on plastic cash - Canada's new plastic money may give you a little more bang for your buck.New documents show a focus group mistook a strand of DNA on the $100 bill for a sex toy.Most people also thought the see-through window on the new polymer notes was shaped like the contours of a woman's body.Others looked into the port holes of a famed Canadian icebreaker and saw a skull and crossbones staring back at them.These are just some of the offbeat images focus groups thought they saw on the plastic bank notes that go into circulation next month. From Nony
Go West, Young Man (To North Dakota) - Are you unemployed and out of options? Believe it or not, a place exists where companies are hiring like crazy, and you can make $15 an hour serving tacos, $25 an hour waiting tables and $80,000 a year driving trucks.
You just have to move to North Dakota. Specifically, to one of the tiny towns surrounding the oil-rich Bakken formation, estimated to hold anywhere between 4 billion and 24 billion barrels of oil. From Roddy
Why China would love ‘President Rick Perry’ - Yes, China’s rooting for a guy who will not only make Washington “inconsequential” for all Americans, he’ll make America “inconsequential” in a world where China knows that its competitive edge and economic growth all hinge on investing in science, innovation and intellectuals with a vision of the future. From Roddy
The mystery of the Double Eagle gold coins - The most valuable coin in the world sits in the lobby of the Federal Reserve Bank of New York in lower Manhattan. It's Exhibit 18E, secured in a bulletproof glass case with an alarm system and an armed guard nearby. The 1933 Double Eagle, considered one of the rarest and most beautiful coins in America, has a face value of $20 and a market value of $7.6 million. It was among the last batch of gold coins ever minted by the U.S. government. The coins were never issued; most of the nearly 500,000 cast were melted down to bullion in 1937. Most, but not all. From cw
Iraq: Missing Iraq money may have been stolen, auditors say - After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born.Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time. From cw
Could Iceland be a model for debt-ridden Europe? - Nearly three years after the Icelandic economy imploded, the country appears to be recovering, and some believe its approach may offer a possible solution to Europe's debt problems. From cw
The Hot Waitress Economic Indicator - The hotter the waitresses, the weaker the economy. In flush times, there is a robust market for hotness. Selling everything from condos to premium vodka is enhanced by proximity to pretty young people (of both sexes) who get paid for providing this service. That leaves more-punishing work, like waiting tables, to those with less striking genetic gifts. But not anymore. From cw
U.S. funding for future promises lags by trillions - The $61.6 trillion in unfunded obligations amounts to $527,000 per household. "The (federal) debt only tells us what the government owes to the public. It doesn't take into account what's owed to seniors, veterans and retired employees,"
Translation: We're broke. From Roddy
6 Quirks of Ownership: How Possessions Bend Our Perceptions - Anyone who's ever tried to sell a house, a car, or practically anything, quickly discovers that buyers and sellers rarely see eye-to-eye on price. A quick skim through the classifieds in the back of the local paper will reveal endless examples of people overpricing what seem like pretty ordinary items. But that's not how the seller sees it. From cw
G.E's Strategies Let It Avoid Taxes Altogether - The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States.Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion. From cw
How Much Does Being Fat Cost Us? - Recently, George Washington University released the first ever study to list the specific costs of being overweight and obese. They say itâ€™s the first study ever to do so! Obesity is a major issue for our nation, so I combined the studyâ€™s findings with other research to try to give a picture of the true cost of being obese: From Nony
Man Tries To Buy $.99 Taco Bell Taco With Gold Coin Worth $1428, Fails - For a culture so obsessed with money, we sure don't know the value of it. Here is a video of a guy trying buy a $.99 Taco Bell taco with an American Eagle gold coin. It's legal tender for $50, but with gold the price of gold where it's at, has a meltdown value of more like $1428. The Taco Bell employee doesn't really want to take it, saying it's "for collecting" and is much happier when the guy pays with two one-dollar bills. To be fair, he gives up pretty quick and doesn't press his case, but that Taco slinger sure missed out. From cw
Dubai on Empty - Dubai has been built very fast. The plan was money. The architect was money. The designer was money and the builder was money. And if you ever wondered what money would look like if it were left to its own devices, itâ€™s Dubai. From cw
Billionaire's Club - They Rule aims to provide a glimpse of some of the relationships of the US ruling class.
A few companies control much of the economy and oligopolies exert control in nearly every sector of the economy. The people who head up these companies swap on and off the boards from one company to another, and in and out of government committees and positions. From milkmaniak_NLI
Special Report: U.S. cables detail Saudi royal welfare program - When Saudi King Abdullah arrived home last week, he came bearing gifts: handouts worth $37 billion, apparently intended to placate Saudis of modest means and insulate the world's biggest oil exporter from the wave of protest sweeping the Arab world.But some of the biggest handouts over the past two decades have gone to his own extended family, according to unpublished American diplomatic cables dating back to 1996.The cables, obtained by WikiLeaks and reviewed by Reuters, provide remarkable insight into how much the vast royal welfare program has cost the country -- not just financially but in terms of undermining social cohesion. From cw
Find out how inflation has impacted you.. - Type in the year you were born and see how the average incomes and the prices of houses, coffee, steak, electricity, and gasoline have changed. The rise in housing cost is shocking!! From cw
At Banks, New Fees Replacing Old Levies - As regulation curtailing financial institutions from levying certain charges on consumers has mounted over the past year, banks have had to dream up new fees to replace those now trimmed by laws. Credit-card users have experienced new inactivity fees and foreign-exchange charges, while checking accounts have gotten hit with new monthly maintenance fees. From cw
Odds Skew Against Investors in Bets on Strangers Lives - The investors in a $2 million policy on Mr. Aslett's life would have made a tidy return had he died as projected. But more than five years later, the rancher, now 84, says he runs on a treadmill, lifts weights and chops wood, adding that all of his grandparents lived well into their 90s. From cw
High Yield Reward Checking Accounts - Compare reward checking account rates - Compare rates on reward checking accounts from banks and credit unions. On average, reward checking accounts offer significantly higher rates than traditional checking accounts. Most require you actively use the account each month, which banks usually define as five to ten debit card transactions, in order to earn the higher rate. You can use the plus icon next to each account to view the account requirements. From cw
Special Report: The Chinese consumer awakens | Reuters - The U.S. Treasury Secretary is counting on hundreds of millions of Chinese like Gyelyanjia to spend more and save less.That way, Chinese factories would produce more for domesticconsumption and less for export, helping to narrow the trade imbalances that are destabilizing the global economy. From Nony
Gold and the Periodic Table of the Elements - The periodic table lists 118 different chemical elements. And yet, for thousands of years, humans have really, really liked one of them in particular: gold. Gold has been used as money for millennia, and its price has been going through the roof. From cw
Poland to build world's largest Jesus Christ statue - Telegraph - Swiebodzin, a Polish town of 21,000 near the German border, will soon be home to a 33-metre effigy of Christ, which, along with a crown that adds a further two metres and its 16-metre mound will put all other statues dedicated to the son of God in its shade. Although erected ostensibly to show gratitude to God, the town hopes having the massive statue will bring tourists into a community that has lain off the beaten track for most of its existence.
Need more proof Polish are better Christians than Americans? From Nony
King Cotton Climbs to 140-Year High - Cotton prices touched their highest level since Reconstruction on Friday, as a string of bad harvests and demand from China spark worries of a global shortfall. From NeoCon
The Party's Over: Democrats Face a Day of Reckoning - Convinced of its mandate, the Democratic Congress undertook a legislative agenda that has left the nation as polarized as ever, burdened with budgetary deficits and a national debt that threatens to transform America into a second-class country. Congressional Democrats profoundly misread the 2008 election results and have been left with a reputation as a party of grandiose ideas — with little financial sense or ability to govern sensibly. From NeoCon
Left-Wing Greed: Art Garfunkel's Cousin Stole Millions - In 2005 it came to light that Pearlman had bought his way to fame by running one of the biggest and longest running Ponzi schemes in American history, leaving more than half a billion dollars in debts. From NeoCon
Cheerleader Wins 11M Dollar Lawsuit Against a Slime Web Site - The judgment against Dirty World Entertainment Recordings, which runs the site Thedirt.com, came Thursday after the site declined to answer a lawsuit brought by Sarah Jones, a high school teacher whose picture was posted on the site along with an accusation she had been exposed to two venereal diseases. From NeoCon
Intuit Still Lobbying Hard To Stop Governments From Making It Easy To File Taxes - Earlier this year, we wrote about how much effort Intuit has put towards blocking proposals to have the federal government send you pre-filled out tax forms. After all, the IRS already has your information, so why not just send you a form with all of your details filled in, let you check it over for any mistakes, errors or omissions, sign it and send it back? It would save a whole lot of hassle, and certainly would avoid problems caused by simple mistakes. But, of course, if the government made it easy to pay your taxes, why then, Intuit wouldn't be able to sell as many copies of TurboTax. So it's been fighting it all along. From cw
Dump Worthless Obama Dollars and Buy Gold - Over the past 12 months, the price of gold has gone up dramatically - up 25 percent from July 2009 (from $929 per ounce to $1,163 per ounce, after reaching a high of $1,250 per ounce). That has outperformed the Dow Jones Industrial Average (DJIA) on a percentage basis. From NeoCon
Berkshire Hathaway's 15 Biggest Stock Holdings - As CEO and primary shareholder of Berkshire Hathaway (BRK), Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in. When Buffett buys shares of a company for BRK, the markets translate his moves as a vote of confidence for a firm's continued success.
Wealth Redistribution Should Start at the Screen Actors Guild - The Screen Actors Guild (SAG) is conflict with itself. Like all unions, although it’s ostensibly in existence to help the little people, what’s really happening is that prominent members of SAG are making a killing without any real redistribution of their wealth to other members or to society. From NeoCon
Farrakhan Tells Jews He Wants Money - Nation of Islam head Louis Farrakhan has sent a three-page letter to the heads of 16 Jewish organizations seeking reparations from Jews in what a National Review writer terms “an unsubtle attempt at extortion.”
San Francisco: City Workers Steal MIllions - Bored and unsupervised, five highly paid electricians working for the city of San Francisco spent years allegedly stealing from taxpayers during a remarkable binge that investigators say involved sex parties with prostitutes, moonlighting on city time and fraudulent billing to pay for their suburban lifestyles. From NeoCon
California Welfare Recipients Get Money from Strip Club ATM - California welfare recipients have been able to get taxpayer cash — meant to feed and clothe their children — from ATMs at strip clubs across the state, including some well-known gentlemen's cabarets in Los Angeles. More than $12,000 from the Temporary Assistance for Needy Families program was dispensed between the start of 2007 and the end of 2009 at clubs, including Sam's Hofbrau, Star Strip and Seventh Veil, according to officials at the state Department of Social Services. From NeoCon
Left-Wing Hollywood Billionaire Hosts Michele Obama - exclusively learned that mother and daughter pulled into the luxurious private estate in Malibu over looking the Pacific Ocean at 3 p.m. They were escorted by a police motorcade and spent a perfect summer day by the beach. From NeoCon
IT'S OFFICIAL: We're Falling Into A Double-Dip Recession Read more: http://www. - So what’s the answer? In the short term, more stimulus – especially extended unemployment benefits and aid to state and local governments that are whacking schools and social services because they can’t run deficits.
But the deficit crazies in the Senate, who can’t seem to differentiate between short-term stimulus (necessary) and long-term debt (bad) last week shot it down.
Democrats' Naked Grab For Your Money - This is all for the sake of keeping the tax code we already have. In Washington, that passes for accounting. In the real world, it kills jobs and makes us all poorer. From NeoCon
Five Facts You Need to Know About the Financial System - Fact #1: Banks are Insolvent.
Fact #2: Countries are Insolvent
Fact #3: Wall Street is Crooked
Fact #4: The Central Bankers Cannot “SAVE” Anything
Fact #5: The Stock Market is Controlled by Computers
Our entire financial system is based on fraud, lies, and BS. From Roddy
Fed Intervenes in European Debt Crisis - After months of quietly watching from the sidelines, the United States finally intervened in the European debt crisis on Sunday night.The Federal Reserve announced that it would open currency swap lines with the European Central Bank â€” in essence, printing dollars and exchanging them for euros to provide some liquidity for European money markets and banks. From cw
103 Months to Clear Housing Inventory - 103: The number of months it would take to sell off all the foreclosed homes in banks’ possession, plus all the homes likely to end up there over the next couple years, at the current rate of sales.
Not good. From Roddy
San Francisco Wants $2.3 billion of Your Money - Thirteen Bay Area members of Congress have requested $2.3 billion for projects in next year's federal budget, ranging from earthquake retrofits for the Golden Gate Bridge to a bike trail in Bodega Bay. The projects, known as earmarks, would primarily benefit their own constituents. From NeoCon
The Truth About Derivatives - The key point is that derivatives do not create risk; they transfer it. Of course, companies that foolishly assume too much risk, as insurance giant AIG did with some derivatives, can suffer huge losses as a result. But those losses did not cause the financial crisis; they were a result of the mortgage market meltdown. Indeed, derivatives are economically valuable precisely because they are where the losses show up. From NeoCon
The Wall Street Democrats - The Democratic majority was bought and paid for by Wall Street and corporate money. The Masters of the Universe helped give us the Masters of the Beltway, in a synergistic exercise that would have dumbfounded even Lenin. When he famously said capitalists would sell the rope to hang them with, he was at least talking of a commercial transaction - not maxing out to a campaign committee. From NeoCon
Democratic Party, Helped by Wall Street, Outraising GOP - Wall Street helped give a fundraising edge to Democratic committees and candidates. Employees in the securities and investment industry made $34.3 million in donations last year, about the same as in 2007, with 62 percent going to Democrats, the party’s largest share in a non-election year in the 20 years of data compiled by the Center for Responsive Politics, a Washington-based research group. From NeoCon
SEC’s suit against Goldman Sachs makes GOP hesitant to back Wall Street - A little more than a week ago, Mitch McConnell had whipped his caucus firmly into line, and all 41 Republican senators had signed a letter criticizing the Democrats’ financial reform proposal — indicating the GOP was likely to filibuster on the measure. McConnell said Democrats should start from scratch on Wall Street reform, the same tactic the GOP has used with health care reform.
But it now looks like the GOP is changing tactics. From milkmaniak_NLI
Al Gore Makes Millions on the Global Warming Farce - The bottom line here is that Al Gore is nothing higher on the moral scale than a war profiteer or as Investors Business Daily has called him, a “green Ponzi scheme” scammer. When Gore provided his star-witness testimony in the House last year on cap and trade, Representative Marsha Blackburn (R-TN) queried him on the millions he stands to make off the legislation. Gore responded that he was merely “putting my money where my mouth is.” From NeoCon
Investors Don't Want Anymore Fake Obama Play Money - Falling inflation, rising unemployment, the housing market slump, the Federal Reserve’s policies of a near zero overnight borrowing rate and its purchase of up to $1,700bn in bonds have all helped keep Treasury yields near historic lows. From NeoCon
The Silent Entitlements Monster: - Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020. So that means that interest on the debt and spending on entitlement programs will eat up everything the U.S. government takes in before a penny is spent on anything else. That is a recipe for national financial suicide. From Roddy
UTC Chief Financial Officer: Connecticut Too Expensive - "Anyplace outside of Connecticut is low-cost," United Technologies Corp.'s chief financial officer, Gregory Hayes, told Wall Street investment analysts — paraphrasing previous remarks by another UTC executive, Jeff Pino, president of Sikorsky Aircraft. From NeoCon
Greek Communists Forcing the Country into Bankruptcy - There is huge opposition in Germany against such a move, with angry editorials slamming alleged Greek corruption and wasteful spending and Merkel allies even suggesting Greece should sell some of its islands to free up cash. From NeoCon
George Soros: Greedy, Mean, and Nasty - KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.
SOROS: Yes. Yes.
KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.
SOROS: Yes. That’s right. Yes.
KROFT: I mean, that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?
SOROS: Not, not at all. Not at all.
KROFT: No feeling of guilt?
SOROS: No. From NeoCon
California Pays Prison Employee $815,000 for Vacation Time - Thank you Jerry Brown, Gray Davis for rolling over backwards and give unions these monstrous contracts.
We, the people love higher taxes, less services.
That's why we, the dumb people of CA will elect you again, Jerry Brown.
The Curse Of Making Too Much Money And Not Pursuing Your Dreams - The luckiest people on earth are those who don't make a lot of money. They've got very little downside and can really pursue their childhood dreams. Imagine if from the moment you graduated college, you landed a plum corporate job that paid just enough to keep you motivated, but not enough to enjoy your freedom. The longer you work the more you realize there's really no escape, because there's simply too much at stake. This is the problem that plagues my friend, Lyndon. From cw
Porn Stars Laid Off - Of course, the economy is to blame too. Steven Hirsch, founder of Vived Entertainment was quoted as saying, “We’re dealing with the perfect storm: declining DVD sales, rampant piracy, free content and a weak economy….This is the worst I’ve seen in this industry in 25 years.” From NeoCon
Holocaust Survivor Evicted From Brooklyn Apartment - In that context, then, isn't "Holocaust survivor" a bit vague? Probably get beat up a bit over this comment, but essentially anyone of Jewish ethnicity during the 30's and 40's in Europe is a "Holocaust survivor", aren't they (or gypsies, gays, communists, the mentally handicapped, etc., etc., etc.)? Just doesn't seem to add any detail to the current situation except to place her in Europe during WWII. From NeoCon
The Great Grocery Smackdown - Foodies do taste test of Whole Foods local produce against Walmart local produce, not entirely happy to discover they ended up preferring Walmart fruits and vegetables at two-thirds the price From Roddy
12 Countries With The Highest & Lowest Tax Rates - Seemingly everyone has an opinion about taxes. As one of the largest economic and political issues of any country, the subject of how high taxes are (and upon which segment of society they predominantly fall) can be counted on to engender heated debates among politicians, academics, and ordinary citizens. However, beneath all the heated rhetoric and opinions are hard facts and numbers. Certain tax rates in certain countries correlate with certain outcomes, regardless of whether these are acknowledged by various strains of financial opinion. Today, Business Pundit takes an honest look at twelve countries â€“ six with the highest tax rates, and six with the lowest â€“ and examines other facets of those economies with an eye toward possible correlations. Naturally, there are several different ways to assess the income tax burden a nation imposes â€“ the lowest rate of income tax in a country, the highest rate, income tax on corporations, and the like. Depending on who is being taxed (say, someone making $10,000 per year vs. someone making $100,000), a nationâ€™s income tax structure can look very different. For the sake of using one uniform measure, our article uses marginal income taxes on average income workers in a given country. From cw
Paying Zero for Public Services - Imagine that you are an old lady from a poor household in a town in the outskirts of Chennai city, India. All you have wanted desperately for the last year and a half is to get a title in your name for the land you own, called patta.
Time to print Zero Dollar Notes to pay the Pentagon with! From Nony
Senate Cites Lax Rules for Illicit Money Transfers - A suitcase containing $1 million in shrink-wrapped bills, hand-carried into New York by the former president of Gabon for his daughter to buy a Manhattan apartment. Purchases of a stretch Hummer H2 armored limousine and C-130 Hercules military transport planes for a civil war in Angola. And a shell company named Sweet Pink used to funnel millions of dollars into the United States from Equatorial Guinea. From Nony
Massive Mansion May Mean $100,000 In Taxes To West Hartford - Think your house taxes are high?Try $100,000.That's the estimated July 2010 tax bill for millionaire businessman-philanthropist Arnold Chase's just-completed 50,800-square-foot home on Avon Mountain, the biggest in town and probably in the state.It will be the largest single-family residential tax bill ever sent out here, Tax Collector Helene Lefkowitz said. From cw
Katie Couric Gets Some of Her Own Class Warfare Medicine - Couric, shown in a, er, file photo at right, "makes enough to pay 200 news reporters $75,000 a year! It's complete insanity," one CBS News insider told the Drudge Report. "We report with great enthusiasm how much bankers are making, how it is out of step with reality during a recession. Well look at Katie!" From NeoCon
Connecticut Liberals Fight Over Holocaust Diary - The Holocaust survivors group, Attorney General Richard Blumenthal wrote in an e-mail, is "understandably repulsed and shocked by the supposed sale — and profit — of a diary by Mengele, the infamous 'Angel of Death' of the Auschwitz death camp. From NeoCon
Better Off Deadbeat - Craig Cunningham Has a Simple Solution for Getting Bill Collectors Off His Back. He Sues Them.
Unlike his neighbors' homes, Craig Cunningham's house in Northeast Dallas looks abandoned. The grass is dried out. The concrete slab under the front door is lopsided and cracked. The green exterior has faded to a toxic-looking shade. Yellow Pages pile up near the front door, and the black mailbox is stuffed full. Maybe the home has been foreclosed on. That wouldn't be a surprise in this economy.But no, that's not the case. From cw
Revealed: See Who Was Paid Off In The AIG Bailout - A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.An unredacted document obtained by the Huffington Post shows the damage in detail.The list was produced as part of a congressional investigation led by the House Oversight and Government Reform Committee into the federal bailout of AIG. From cw
Obama Got His Biggest Donations from Wall Street - For his presidential campaign in which Wall Street regulation was a mantra, Obama's top source of funds was investment bank giant Goldman Sachs, whose employees, partners, and executives gave him $995,000 -- that's the most any politician has raised from any one company in a single election since the age of "soft money" ended. From NeoCon
Wife and Daughter Fight for Dennis Hopper's Money - "Marin has always hated Victoria," the family friend explained to Huffington Post. "If she can get her father to reject Victoria on his deathbed, and get more money in the process, she'll be the happiest woman in Los Angeles." From NeoCon
The Most Expensive Property In Brooklyn, New York - A stunning triplex penthouse apartment that overlooks the Brooklyn Bridge and New York Harbour has just been listed for $25 million USD, making it the most expensive property in Brooklyn (if it sells mind you). The penthouse sits atop one of the tallest buildings in Dumbo, the cobblestoned neighborhood that sprang to life in the 80s in a former industrial area between the Brooklyn and Manhattan Bridges. From cw
6 Lost Treasures Just Waiting To Be Found - If you haven't found your own copy of the Declaration of Independence or a few thousand Ancient Roman coins, let me give you a push in the right direction with these tales of lost treasures that are just waiting for you to find them. From cw
Ghetto Lottery Winner Found Dead - Shakespeare — who had a criminal record that included arrests and prison time for burglary, battery and not paying child support — took a lump-sum payment of $16.9 million instead of annual installments. From NeoCon
move your money... something we can all agree to! - "... why don't we take our money out of these big banks and put them into community banks? And what, we asked ourselves, would happen if lots of people around America decided to do the same thing?" From milkmaniak_NLI
Fleeing Marxist California - He said Republicans plan to ask Gov. Arnold Schwarzenegger next month to declare a state of emergency for the economy and jobs and suspend various regulations, including AB32, the state's greenhouse gas reduction plan.
"It's not regulation, it's strangulation," he said. From NeoCon
Drug money saved banks in global crisis - Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (ÂŁ216bn) of drugs profits was absorbed into the economic system as a result. From cw
Haggling for Hot Dogs - (And other real-life adventures in the neglected art of negotiation.) Everything is open to negotiation. Everything. For three months, the author treated the world that way. This is what ensued. From cw
Rabbi Wins 5 Million Dollar Suit Against Miami Beach - Both tourists drowned, pulled into deep waters by treacherous riptides. Frederica Breaux and Israel Poleyeff, a rabbi, sued Miami Beach, asserting that the city should have had lifeguards and riptide warnings at the public beach. From NeoCon
America’s richest dynasties - The four Koch brothers are the sons of Fred C. Koch, who invented a method of converting heavy oil into gasoline. Each son inherited a stake in Koch Industries when Fred died in 1967.
Charles and David bought out William and Frederick for $1.1 billion in 1983. William and other family members soon sued for more, sparking a legendary fraternal feud. The fight was finally settled in 2001.
right wing family values mean nothing when it comes to screwing... err suing your OWN family! From milkmaniak_NLI
Liberals Get Rich Working for the Government - The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.
Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted. From NeoCon
F-35 fighter Will Help Arizona - I am an enthusiastic supporter of Luke Air Force Base and I am doing all I can to help secure the base's long-term future by encouraging the Department of Defense to select Luke as a training site for the F-35 Lightning II — Joint Strike Fighter. From NeoCon
Billionaire Liberals Seek To Fund Idea Mills - A handful of ultra-wealthy Jewish liberals are resolving to do battle with conservatives by providing a big infusion of cash to progressive think tanks and idea mills.
New York-based financier George Soros, Cleveland insurance king Peter Lewis and Oakland, Calif., banking magnates Herb and Marian Sandler made the pledge at a meeting in San Francisco last month. From NeoCon
Newsweek Makes Nice Toilet Paper - Having lost nearly $20 million in the first quarter of 2009 (pre-reinvention) its ad revenue in the third quarter (post-renovation) was down 48 percent from last year. Perhaps it was the way the magazine interpreted the words "serious," "elite" and "wine." From NeoCon
One in Seven U.S. Mortgages Foreclosing or Delinquent - A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best.
This really sucks. From Roddy
Hollywood Liberal Stole Money from Catholic Nicolas Cage - There have been reports that the actor is now suing his former money manager, Samuel Levin, for $20 million in Los Angeles Superior Court, claiming he enriched himself while "sending Cage down a path toward financial ruin." From NeoCon
Fed to Ban ATM, Debit Overdraft Fees Without Opt-In - The Federal Reserve will prohibit banks from charging overdraft fees on automated teller machines or debit cards, unless a customer has agreed to pay extra charges for exceeding account balances. From cw
Democrat-Run Congress has 237 Millionaires - "What's easy to see is that the economic reality of our elected officials is not reflective of the general population," said Dave Levinthal, who helped compile the study's findings.
Fleeing Michigan: Pontiac Silverdome Rots Away - The Silverdome has mostly sat idle since 2002, when the Lions decamped for Ford Field in nearby Detroit. The city of Pontiac, which owns the property, put it on the market two years ago. After several deals fell through, the city decided to auction it with no minimum price. From NeoCon
NBC Highlights Plight of Overtaxed Californians - Money is tight in these challenging economic times, perhaps nowhere more so than in California where a crushing deficit has prompted something new – a 10 percent increase in that state's withholding tax. And it has been an unwelcome surprise to millions of taxpayers. From NeoCon
Even Laundries Tumble in This Economic Cycle - Corporate castaways have long taken refuge in businesses thought to be impervious to recessions such as self-storage facilities and car washes. In the coin laundry business, a 20% down payment was enough to get operations spinning. No experience required. Inventory management: What inventory? Sweeter yet is how coin laundries collect receivables: A quarter at a time -- prewash. From NeoCon
Mexicans Fleeing Violence Spur a Boom in El Paso - This buttoned-down city on the Mexican border feels like a boomtown these days, as entrepreneurs fleeing drug violence in Ciudad Juárez head across the Rio Grande to open hip clubs and hot restaurants here. From NeoCon
Bank closings hit 101 for year; most since 1992 - Bank closings for the year have surpassed 100 as regulators shut down small banks in Florida and Georgia. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. From Nony
Boycott Levi's, Buy WRANGLER - Levi’s lost my business when they started with the stupid adv campaign… the one that showed the word “America” sinking into the water, and the firing of “distress” rockets into the air, then all the ghetto scenes, etc, etc. From NeoCon
Brilliant' Chinese women lead the business world - Half of the world's richest self-made women are Chinese.
According to the newly released 2009 Hurun List of the Richest Women, five of the 10 most successful female billionaires are from the Chinese mainland.
The latest list of China's rich women includes 51 women who appeared among the 104 women on the 2009 Hurun Rich List, which ranked the most wealthy 1,000 men and women in China.
Communist country? From Roddy
The 'Democratization of Credit' Is Over - Gone are dinners at Red Lobster and Olive Garden and purchases like new basketball shoes. She has a part-time job as a tour-bus driver that pays $13 an hour plus tips. She held a second part-time job, in telemarketing, for several months, but it was on suburban Long Island, and getting there, using both the subway and a commuter train, finally became too much. She now is looking for a second part-time job closer by. From NeoCon
The demise of the dollar - In the most profound financial change in recent Middle East history, Gulf Arabs are planning -- along with China, Russia, Japan and France -- to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar. From Nony
US Faces Retro 70s Inflation - "The true inflation rate in America? It's certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government, and I wish we knew where they shopped so we can shop there too and get good prices."Rogers repeated his view that the Fed's quantitative easing program is "debasing the currency" and said he was "extremely worried" about the fate of the dollar over the long term. From Nony
Jim Rogers: I will sell all US Dollars - For several years, Rogers has urged people to learn to speak Mandarin, “It was smart to invest in Britain in 1807. It was smart to invest in the United States of America in 1907. It is now smart to invest in Asia in 2007.” From Roddy
Wal-Mart to Employees: Debit Cards Instead of Paychecks - More and more companies are now forcing their employees to switch over to direct deposit or some other type of electronic payment as part of a larger cost-cutting effort.The latest company to make such a switch is Wal-Mart. The nation's largest employer will now pay workers via a debit card if they decline to sign up for direct deposit. From cw
Divorce is the latest recession casualty: married couples can't afford to separate - Call it sleeping with the enemy. Or at least, living with him or her. For married couples who want to part ways, breaking up is not only hard to do, it's so out of the question these days that many are staying together under one roof to wait out the recession.Couples who fall out of love may not even have a job anymore, much less the funds to hire an attorney to make their split legal. With housing prices down, they can't afford to sell off the real estate and go their separate ways. So some are biding their time by tolerating the other's company on their home turf. It's faux separation, recession style. From cw
Dealers Still Waiting For Clunker Cash - "The program started in July and we haven't gotten paid for cars we sold back then, but then on the other hand we got paid for a car we sold last week. They don't have an accurate format. It's not like they're taking the first deals that were submitted and working those. I don't know how they're doing it, no idea. I know it's very random" Billion said. From NeoCon
Greedy Liberals: The Kennedy Fortune - "In the 1940s, my family bought the Merchandise Mart. In the 1970s, we bought the Apparel Center. And in the 1960 election, my family bought 20,000 votes," he said, referring to his father's narrow presidential victory. From NeoCon
Fleeing Liberal California: Last Auto Assembly Plant Closes - "It just made sense for Toyota to pull the plug," said Dennis Virag, president of the Automotive Consulting Group in Ann Arbor, Mich. "When you look at states like Kentucky and Tennessee, California just isn't competitive in manufacturing with its taxes, regulations and overall cost of doing business."
THE MOST NOTORIOUS COUNTERFEITER - in January 2005, the Secret Service field office in Los Angeles discovered a fake $100 bill of remarkably high quality. In the Specimen Vault four years later, Kelley Harris, supervisory counterfeit specialist of the Criminal Investigative Division, hands me a Ziploc bag containing 14 bills, which appear genuine. "Not bad," Harris concedes. From cw
Americans Flee London's 50% Income Tax Rate - Andrew Wesbecher moved to London from New York in 2006 to sell software to banks and hedge funds. This month he joined the exodus of American expatriates fleeing high taxes and the city’s shrinking financial industry. From NeoCon