Moonage Political Webdream

Here’s the story: The AFL-CIO labor union has a new tax in mind. Specifically, the union wants to apply a small tax — a tenth of 1 percent — on every stock transaction. The tax would especially target firms that use so-called high-frequency trading, which uses technology to oversee many transactions in the blink of [...]

Anyone notice anything about the price of gas lately?  I have.  So has AAA:   Regular Mid Premium Diesel 85 **E85  MPG/BTU  adjusted  price Current Avg. $2.512 $2.668 $2.762 $2.378 $2.085 $2.744 Yesterday Avg. $2.502 $2.656 $2.751 $2.369 $2.077 $2.733 Week Ago Avg. $2.424 $2.575 $2.666 $2.324 $1.986 $2.613 Month Ago Avg. $2.061 $2.189 $2.267 [...]

I did a piece on Free Enterprise Action Fund over in the politics section because they primarily use a political device to dictate their investment strategy.  As an investment strategy, I felt some reference should be here as well.  Some discussion would be cool as well. I think it’s a heck of an idea.  But, [...]

I’d really like to see some discussion on this one: Rising real estate prices and a resurgent U.S. stock market pushed the net wealth of American households to a record $48.53 trillion in the fourth quarter of 2004, the Federal Reserve said on Thursday. In its quarterly "Flow of Funds" report, the central bank said [...]

Todd Zywicki makes some pretty heavy observations that just flies in the face of political correctness.  First of all, everyone knows that credit cards have created a modern financial boobie trap for everyone not disciplined enough to balance their checkbook every single day of their life.  I just saw on tv a couple of days [...]

This was originally a comment from Hedonistix, but merits it’s own post for sure. Space/Moon: Closing unused revolving accounts will NOT improve or hurt your credit score. Your credit score relies on various metrics but the most important being nothing "past due". Someone with high expense/income ratio and revolving balances can have higher rating than [...]

Personal checks used to move cross-country on planes and trains, but a new law going into effect Thursday is putting processing on the electronic superhighway possibly at the expense of consumers. The law, called Check 21, promises to save the banking industry $2 billion per year by electronically processing checks, which will eliminate the physical [...]

Carmakers in for a Long Haul in Paying Retiree Health Care By DANNY HAKIM DETROIT, Sept. 14 – Ernest Pusey is older than General Motors. At 109, he once helped build the Stovebolt Six, a heavy cast iron engine that propelled Chevrolets across America, but it has been nearly half a century since he retired [...]

Time to Rethink Your Social Security Plan By Ann Perry Senior Writer 9/8/2004 12:13 PM EDT URL: http://www.thestreet.com/funds/annperry/10181673.html Once a year, we honor those who work with a day of respite called Labor Day. And most of us dream of a much longer rest from toil, known as retirement. Federal Reserve Chairman Alan Greenspan, however, [...]