Search results

People like Soros and Buffet exploit the inefficiencies and asymmetric information that government interference and regulations create, so it isn't surprising that they would support the democrats.

http://taxprof.typepad.com/taxprof_blog/2008/08/california-acti.html I know it has a snow balls chance in hell at becoming law, but still this leaves me feeling a little uneasy, that possibly some day in the right political climate something similar could pass some day.

Around the time of her promotion Obama slipped an earmark for around 3 million dollars to the hospital she worked at for a construction project.

Here the NYT issued a correction related to this idiotic story: http://www.nytimes.com/ref/pageoneplus/corrections.html Apparently the NYT multiplied the gross income of all the corporations by 35% and concluded that the government was owed some 800 billion dollars of taxes. Of course...

Do you mean Emerald street in PB?

The difference is that if California doesn't like interest rate policy they can't withdraw from the United States and immediately start issuing debt in their own currency. Italy for example can withdraw from the EU, and announce that all of their Euro bonds will now be repaid with Lira, and...

It isn't a loophole. Most corporations are small businesses. Most small businesses don't have "profits" to be taxed, because the owners are employed by the corporation and just pay any "profits" to themselves as salary, so the "corporate profit" disappears in the statistics and becomes regular...

I think you nailed it there. This isn't just an attack on Georgia. This is Russia's attempt to get control over another avenue through which energy gets into the rest of Europe.

Not saying US is in "great shape", just that we aren't even close to bankrupt, and in much better shape than most industrialized nations.

The US isn't even close to bankrupt. The total debt carried by US private citizens and the government isn't even close to the size of the assets owned by US citizens and the government. The absolute numbers look bad, but like Jayford pointed out with the deficit, if you divide any of these...

More on UK health care: Hospitals infected with vermin

Another problem with Russia is their declining population. Don't they have one of the most rapidly falling populations in the world? In 20 years there wont' be enough young men in Russia to field an army even a fraction of its current size. The rapidly aging population won't be able to build...

It's a good start. He needs to cut much more deeply and permanently, though. Oh, and he should also send state troopers to arrest Controller John Chiang for not complying with the law, and then bring suit against him for the extra money he unlawfully pays out.

I don't have a link, but I read an interesting article about a study some where in the last few weeks, where researchers tested kids around 3 to 5 years of age I think on their ability to delay gratification by offering them the opportunity to receive a small reward immediately, or wait...

Thanks for another great call Atticus.

Calculating it as a percentage of production doesn't work either, because then you are omitting the service portion of the economy.

It's more likely the inability to delay gratification was a bigger factor than lack of financial education. (This is the typical character flaw that makes people poor.) These people probably knew enough about money to know that it was a bad idea to take out such a big mortgage relative to...

No place without strong rule of law is ever going to become an "international financial center".

How does one buy japanese REIT's? Any ADR's?

When you get to this level of income there is a good chance that you are making the money from some sort of risk-taking activity, rather than an outright salary. It's a completely different world when you make your money from risk-taking rather than being an employee. I make more money than...