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Poor Texan

Poor Texan
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  • PVR Partners, L.P. Enters Consent Agreement with Pennsylvania DEP [View article]
    A $150,000 fine for bad weather? Ah to be a lawyer and have an avenue for imagination.
    Jun 4 03:27 PM | Likes Like |Link to Comment
  • Economist Laurence Ball says central bankers' goal of 2% inflation is misguided, among other reasons, because it leaves them with very little ammunition to fight future recessions. But would 4% inflation hurt the economy? History suggests not. [View news story]
    Why is it your country?
    May 26 08:56 PM | 2 Likes Like |Link to Comment
  • Economist Laurence Ball says central bankers' goal of 2% inflation is misguided, among other reasons, because it leaves them with very little ammunition to fight future recessions. But would 4% inflation hurt the economy? History suggests not. [View news story]
    Consumers with money create jobs. How about the government just giving every citizen a couple of thousand dollars? That would juice consumption. :-(
    May 26 08:54 PM | Likes Like |Link to Comment
  • California's got a new problem: Too much money. This year's expected surplus of $1.2B-$4.4B comes three years after the state faced a deficit of nearly $60B. Governor Brown - arguing the surplus is the result of a flood of capital-gains realizations ahead of higher 2013 tax rates - wants to put the money aside. The legislature - dominated by Brown's own party - wants to spend it. [View news story]
    Gee a surplus? But I didn't see a tax cut among the options. lmao
    May 26 08:45 PM | Likes Like |Link to Comment
  • Apple's (AAPL) effective tax rate of 14% is just a smidgin lower than IBM at 15% and Google (GOOG) at 17%. And Apple's hardly on the lowest rung: Amazon's (AMZN) rate is just 6%, Ford's (F) 3%, and Carnival's (CCL) just 1%. In trying to untangle what S&P 500 companies pay in taxes, David Leonhardt finds top executives are exceptionally shrewd at holding tax rates down. (infographic[View news story]
    Just asking the right questions!
    May 26 08:19 PM | Likes Like |Link to Comment
  • Reuters’ Robert Campbell thinks Keystone XL (TRP) has become a victim of political posturing and says a rival plan, ETP's Trunkline, is being held to a far lower standard thanks to an incoherent U.S. environmental policy. But if a pipeline isn’t built, crude will move by more carbon intensive methods that also are susceptible to accidents. Indeed, moving oil by road or rail is no longer seen as a stopgap until pipelines are built. [View news story]
    Especially with gerrymandering and outright vote fraud. Oh wait. That's not a laughing matter.
    May 26 08:10 PM | 1 Like Like |Link to Comment
  • Apple's (AAPL) effective tax rate of 14% is just a smidgin lower than IBM at 15% and Google (GOOG) at 17%. And Apple's hardly on the lowest rung: Amazon's (AMZN) rate is just 6%, Ford's (F) 3%, and Carnival's (CCL) just 1%. In trying to untangle what S&P 500 companies pay in taxes, David Leonhardt finds top executives are exceptionally shrewd at holding tax rates down. (infographic[View news story]
    Just the difference between what is legal and what is right.
    May 25 05:27 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Good post but think of all the well paid C.P.A.s and lawyers you'd put out of work. Have you no heart? :-)
    May 21 09:37 AM | 3 Likes Like |Link to Comment
  • What Inflation Means To You: Inside The Consumer Price Index [View article]
    So I guess a stable dollar, which is a prerequisite for long-term savings goals, is a pipe dream and it's a roll the dice approach to your retirement hopes.
    May 18 07:03 PM | Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    Because, as we see in Belgium and the Netherlands, costs are controlled by euthanizing the elderly.
    May 16 10:28 PM | 3 Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    And Mexico!
    May 16 10:26 PM | Likes Like |Link to Comment
  • The Good News, The Bad News And What's Very Ugly [View article]
    "Not sure why any society needs tens of thousands of new graduates with degrees........ political "science",...

    Because the Clintons, Al Gore, and Barry have shown how to get rich through politics without meaningful work.
    May 10 01:01 PM | 17 Likes Like |Link to Comment
  • General Electric (GE +0.1%) will pay $40M to settle a lawsuit stemming from a 77% decline in the value of the company's shares over a six-month period during the financial crisis. State Universities Retirement System of Illinois claimed the company hid bad debt tied to subprime loans, an accusation GE believes is "without merit." Nonetheless, the company says it is "in the best interests of shareholders [to] avoid diverting significant resources to" the lawsuit. [View news story]
    That's o.k. Immelt has friends in high places. Just like Corzine.
    Apr 30 11:18 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims -93K to 3.00M. [View news story]
    Yes Marco, but all government programs and all government employees are indispensable and must be protected no matter how high private unemployment goes. Even the programs that haven't been invented yet are indispensable.
    Apr 25 04:51 PM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims -93K to 3.00M. [View news story]
    Bernacke's helicopter.
    Apr 25 10:50 AM | 1 Like Like |Link to Comment
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