
Trading is a man's activity...and don't you forget it.
How Rusty Leonard Watches Over Donors To TV Ministries
Investment Counselor Probes Finances, Posts Alerts...
New Jersey's Supreme Court opened the door to gay marriage Wednesday, ruling that homosexuals are entitled to the same rights as heterosexuals, but leaving it to lawmakers to legalize same-sex unions.
The high court gave lawmakers 180 days to rewrite marriage laws to either include same-sex couples or create a new system of civil unions for them.
As I've said before, the answer is to separate the religious institution of marriage from the state-sanctioned secular arrangement. Gays deserve equal rights under law, and churches should be free to maintain their own definitions of marriage according to their traditions and beliefs. Call it a civil union, or call it a marriage. The only difference is that the latter will agitate middle America a lot more.
Twenty people went to an auction of new model homes yesterday looking for a bargain.
They were joined by about 80 “looky-loos.”
In the end, the potential buyers wanted too much of a good thing, and the auctioneer's hammer never fell.
Sixteen upscale homes in the Bressi Ranch development were advertised as up for auction at La Costa Resort and Spa, though 15 were offered because one had been sold before the event began.
Buyers were willing to pay about $1 million for a home listed at $1.4 million or $1.5 million, and as little as $650,000 for houses priced near $1 million.Many bids fell in the $700,000 range.
...
But the owners, Model Homes Investors LLC, a group of Los Angeles-area lawyers, apparently would need about 80 percent of the asking price in order to clear their own debt with the banks holding the mortgages.
“I just wanted to see what kind of a fool would buy these overpriced homes,” Bruce Azimi of Oceanside said.
The mainstream financial press are already closing in on this story...and fast...and shortly thereafter...
· BusinessWeek says Deveroux’s Secret Investment “offers exceptional growth at a fraction of the cost of blue chip stocks”...
In a moment, I will explain why Wall Street big shots can't get their hands on it...and that is precisely why you won't hear about it in Forbes, Barron's or BusinessWeek.I don't know about you, but I'm sold.
Bay Area housing prices are finally falling, declining last month for the first time in more than four years.We've only just begun....
The median price of a home in the nine Bay Area counties slipped .8 percent to $611,000 in September from a year earlier in the nine-county region, according to the DataQuick real estate information service. That figure includes both single-family houses and condos.
A build up of inventory and an increase in the supply of low-priced condos in the East Bay dragged down prices, said John Karevoll, an analyst at DataQuick. The price of new homes fell 12.3 percent in September, which pulled down the Bay Area median.
If Republicans lose control of Congress next month, one big reason will be their record of overspending, especially on earmarks. What explains this GOP fiscal performance?
One answer comes from a new analysis by the Cato Institute on the Capitol Hill culture of spending under Republican rule. Examining hearings of 14 Congressional committees, political scientist James Payne found that 1,014 witnesses argued in favor of greater spending while only seven advocated less, an imbalance of 145 to 1. This is worse that a Cuban election.
In the same hearings, federal programs were described as "effective" or "efficient" 50 times more often than they were described as "ineffective" or "inefficient." Federal agencies were praised as "helpful" or "beneficial" in 990 instances, but they were scorned as causing "harm" or "hurt" only a dozen times. These are many of the same federal agencies that the U.S. General Accountability Office has found often can't pass the most basic financial audit.
"The problem is that advocates of spending overwhelm all aspects of Congressional communication," says Mr. Payne. Congressional hearings that are supposed to be impartial assessments of whether taxpayers get their money's worth become instead cheerleading sessions for bigger government. "No one wants to do the honest oversight of taxpayer spending," adds Oklahoma Senator Tom Coburn, a rare Republican exception to that rule.
In sum, Congressional hearings have degenerated into a lobbying process in which advocates sing the praises of the spending that their livelihoods depend on, while stroking the egos of the politicians as constructive philanthropists. Members of Congress begin to believe their own stacked juries. It's amazing they stopped spending at $2.7 trillion this year.
It has taken more than 12 months and cost about £10,000 but a council is finally on the verge of discovering the identity of a man who kept saying "baa" during a planning meeting.
After a wide-ranging investigation, Havering council, based in Romford, Essex, has prepared a 300-page report, according to the Romford Recorder newspaper.
"My impression is there's no way he's not going to run," said a confidant who speaks with Kerry regularly and asked not to be identified.
...
"A lot of the people who helped in '04 have encouraged him to take a look at running again," [Kerry fund-raiser Robert] Farmer said. ``When you travel with him today, he's like a rock star."
After spending a year and upward of $15,000 (borrowed on credit cards) going to real estate seminars and buying home education courses from everyone from Russ Whitney to Bruce Norris and, of course, the aforementioned Robert "Rich Dad, Poor Dad" Kiyosaki, [22-year-old Casey] Serin embarked on his brilliant career as a real estate flopper, er, flipper.
He quit his job and in the next four months he acquired six more properties. All in all, his portfolio included eight single-family homes, including two houses in Sacramento and one in Modesto, a seven-bedroom fixer-upper in Highland, Utah, a model home in Rio Rancho, N.M. and five-bedroom, four-bathroom ranch house in Dallas, Texas.
"Nobody thinks your client is really, you know, abstaining from tequila down in Mexico because he is on supervised release in the United States."
Nobody laughs. But then, nobody winces or flinches, either. Somehow, a remark that would have flattened us had a Souter spoken it is just a solid day at the office for Scalia. I have no idea where the tequila comment should register on the nation's macaca-meter. The more interesting question is about Scalia's deliberate carelessness with language, his sense that he is somehow above the sorts of linguistic delicacy the rest of us expect in our dealings with others. Indeed, he seems to think it's his obligation to be ever more reckless with his words, perhaps because he's about the only guy left who faces no consequences for his rhetorical body-slams.Wow! Imagine if Souter said something about someone drinking tequila in Mexico! Can you imagine the outrage? And how deliberately careless and reckless Scalia is! Tequila! What a body-slam!
My bet is you will see many more of these implosions.
As the Dow Jones Industrial Average climbs to record heights, many hedge funds are stumbling and more than ever are closing shop.
The latest to falter: Vega Asset Management. One of the world's largest hedge funds a few years ago, Vega has suffered losses from a bad bet against U.S. bonds, and is now down roughly 75% from its peak two years ago to about $3 billion in assets.
Income tax cuts benefit all payers
Americans of every income have benefited from a drop in federal income tax rates as Bush administration tax cuts enacted since 2000 took effect, an independent analysis of newly released IRS data shows.
...
The analysis showed, for example, that a taxpayer who earned $35,000 in 2000 would have paid 8.54% of that income — $2,989 after credits — in federal taxes. In 2004, federal taxes would have accounted for 5.12% of that taxpayer's annual income, or $1,792. That represents a 40% decrease in tax burden.
At the higher end of the income brackets, a $1.75 million earner would have paid $513,625 in 2000 federal taxes, when the rate for that earning bracket was 29.35%. Four years later, when the rate dropped to 25%, that earner would have paid $437,500. That represents a 14.8% cut in tax burden, the analysis shows.
...
Millions of lower-income Americans — those earning $25,000 annually or less — have been taken off the federal tax rolls. In 2000, roughly 29 million tax returns had no federal tax owed. Four years later, the number rose to about 43 million returns.
I meet a lot of very cool 30-ish people who don’t seem to be on the path to having kids. Huge mistake. Kids are awesome. It’s the circle of...