Following his final round of the U.S. PGA Tour's Humana Challenge in La Quinta, California, professional golfer Phil Mickelson was asked for an opinion about the reduced schedule of some of his colleagues. "I'm not exactly sure what I'm going to do yet. If you add up all the federal and you look at the [...]
Ever wonder why taxpayers are outraged? Could something like this be a contributing factor?
If The American Dream is home ownership then The American Nightmare is digging out from the mortgage. Fortunately Uncle Sam saves the day once again in his never-ending quest to save us from ourselves. Last week The Consumer Financial Protection Bureau as mandated under the 2010 Dodd-Frank financial reform bill released its first major rule to shape [...]
Today General Motors announced it will spend $5.5 billion to repurchase 200 million shares from the U.S. Treasury at about $27.50/shr. In turn Treasury announced its intent to sell its remaining stake of about 300 million shares within the next 12-15 months. GM will not be the buyer. Instead the government intends to liquidate its [...]
If you have a toothache and head to the dentist your only concern is he or she can resolve your problem...so when you call for an appointment and the receptionist insists you walk to the office instead of driving or taking a bus or whatever you're thinking, "Why does it matter?". If your child wants [...]
"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be." " . . . whenever the people are well-informed, they can be trusted with their own government; that, whenever things get so far wrong as to attract their notice, they may be [...]
If stupid is as stupid does then it's clear Forrest Gump is running France. Today the French government proposed a budget that includes a 75% tax rate on income assessed against the "super rich." Robbing Peter to pay Paul is utterly pointless and is a reminder of Margaret Thatcher's wonderful comment about Socialism. To paraphrase: [...]
Food for thought courtesy of the WSJ. Happy Labor Day!!
Whether you agree or disagree with George Will he offers some rather tasty food for thought.
Effective July 29th Genworth Financial will no longer sell LTC policies offering lifetime benefits. Additionally the 40% spousal discount will be reduced to 20%. The move is the latest in what has become the gutting of the LTC market. In recent months large underwriters such as Prudential, MetLife and Unum abandoned this line of business. [...]