Here Comes $75 Oil – Barrons.com
Within the next five years, growth in U.S. production of oil should make this country a net exporter, ending a pattern that has persisted since World War II. “While this country will still be importing plenty of medium and heavy crudes, most of the imports will come from Canada and Mexico,” says Morse. “So the […]
The Most Popular Job In Every State
ANDY KIERSZ Some jobs are disproportionately concentrated in certain states. Fashion designers flock to New York, Texas has an outsize share of petroleum engineers, and Floridians are much more likely to be motorboat operators than are other Americans. We made a map that shows the most over-represented job in each state, using the Bureau of […]
‘Money illusion’ leads people to embrace real-estate gains at face value, even if reality turns them into a mirage
SANETTE TANAKA March 27, 2014 9:10 p.m. ET Many home buyers are victims of money illusion: They believe they are doing better if they sell their home for a higher dollar amount than they bought it, even if inflation eats the gains. Photo: Anna Parini. Home sellers, be warned—that attractive house price might be […]
Some Americans Paid Off Credit Cards While Waiting for Foreclosure
ByBen Leubsdorf The sheer number of foreclosures during the recession may have helped some Americans pay off other debts, such as credit-card bills. Bloomberg News Foreclosures rose sharply during the recession, peaking around 2009, and the timeline for processing them stretched out in some states to as long as three years. That allowed people to […]
Airbnb’s Valuation May Have the Hotel Industry Shaking – TheStreet
We’re using Airbnb ourselves for our vacation. I’m also being asked more often by clients my thoughts on the legal issues of renting rooms/houses/vacation places through Airbnb. I’m a fan but keep in mind that there are tax and insurance issues for which you need to be aware of if you are going to use […]
Fake IRS Agents Swindle More Than $1 Million from Victims – News Channel Daily
MARCH 22, 2014 BY ELLEN WILSON American taxpayers have lost at least $1 million to a phone scam in which callers portray themselves as Internal Revenue Service (IRS) agents, the IRS inspector general said Thursday. The agency has received more than 20, 000 complaints about the swindle in what the U.S. Treasury department reported is […]
Even The Non-Poor Live Paycheck to Paycheck
http://blogs.marketwatch.com/capitolreport/2014/03/21/two-thirds-of-those-who-live-paycheck-to-paycheck-arent-poor/ It’s not just the poor who live paycheck to paycheck. A study from Greg Kaplan and Justin Weidner of Princeton University and Giovanni Violante of New York University finds that two-thirds of the 38 million American households who consume all their disposable income every pay period aren’t poor. The study, released at a Brookings Institution event, […]
Three U.S. Scientists Are Awarded Nobel Prize in Economics – NYTimes.com
3 US Economists just won the Nobel Prize in economics by finding that you (as an investor) have absolutely no chance of beating/timing the stock market – you are not that smart. (Talk about an understatement) In their words “Ordinary investors don’t stand much chance of beating the market. It moves way too fast and […]
Apple’s Taxes Expose the Rotten U.S. Code – Bloomberg
Apple merely complied with the Tax Code as written by Congress. To argue that Apple has some other moral duty to pay more taxes is specious as we all arrange our businesses such to pay the least amount of taxes. I love this quote from my tax class. “Anyone may arrange his affairs so that […]
Returning to the Housing Market After a Short Sale or Foreclosure – US News and World Report
Great article on how to get bank financing for a new house after going thru a prior short sale or foreclosure. Returning to the Housing Market After a Short Sale or Foreclosure – US News and World Report.