Considering a move to another state? Not so fast. Be sure to weigh state taxes when calculating the difference in cost of living. Here is Yahoo News’s updated 2014 list of the ten least tax-friendly states (1). Their choices remain the same as last year. Almost all these states levy property taxes well above the [...]
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“We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Where does this stop? [...]
“particularly gold and silver, are likely to remain underpinned as concerns about the stability of the Mideast region continue and investors opt for safe-haven asset types,” said James Moore, analyst at FastMarkets. As usual the report fails to adjust for the increase in the price level, when comparing silver’s price today and in a former [...]
“We could see $220 a barrel should both Libya and Algeria halt oil production. We could be underestimating this as speculative activities were largely not present in 1990-1991,” said Michael Lo, the bank’s oil strategist. Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks [...]
Just because investment banks and stock brokerages say you should diversify doesn’t make it true. For the knowledgeable investor, diversification for its own sake merely reduces profits. So, if you’re an independent thinker, what are your alternatives? Talk with an investment advisor, and what’s the first piece of advice you will hear? Diversify your portfolio. [...]
“Statistically, the more people are involved in their own investments decisions – as opposed to solely relying on an advisor’s advice – the better they do. The only way to do this is to get educated any way you can. “ Some people tend to forget that individuals with considerable sums tied up in investments [...]
“Central banks like the Federal Reserve pretend to be government institutions. They are not. They are privately owned by perhaps 300 families. It is significant that the majority of these families are Jewish, how significant I am not yet sure. If they were Lutherans or Zulus, certainly our objections would be the same.” — Henry [...]
“Camden City Council, as expected, voted Thursday to lay off almost 400 workers, half of them police officers and firefighters, to bridge a $26.5 million deficit. That’s about a quarter of the city’s entire work force.” Five members of City Council voted unanimously to approve the layoff plan — two other members were absent. The [...]
“Gold futures rallied to a record over $1,380 an ounce Thursday, and silver futures rocketed more than 6%, after investors piled into precious metals as a hedge against the sinking U.S. dollar after the Federal Reserve rolled out a new, $600 billion of extraordinary stimulus measures to prevent deflation.” — Marketwatch There are those who [...]
“Today’s emerging markets [China, South Korea] will soon be submerging markets.” Stress test results for the biggest European banks were recently released, while the largest U.S. banks took their first stress tests in May 2009. But most people don’t really care how much stress their banks are under; they are more worried about their own [...]
“Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses” — (Juvenal, Satire 10.77–81) By Alex [...]
Food staples like rice nearly tripled in six months and at times increased 50% in just two weeks, primarily because of record oil prices and a weak dollar in 2008. Presumably the rise in cost is due to the balance of supply and demand. Presumably too, the rise in production of biological fuels and other [...]
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