What Can You Buy For $5,252,722?
$5,252,722 is a huge amount of money. I dream of having half that and being able to retire comfortably, someday, maybe… But, if you are Ted Weschler and you run a successful hedge fund (and take advantage of “carried interest”, presumably ), you use the money to bid and win two steak dinners with Warren […]
10 Year Anniversary of 9/11
This week has been non-stop coverage of the September 11, 2001 event. It almost felt like we were reliving it. I had forgotten how easy it was for Congress to get along back then. They quickly created the September 11th Compensation Victims Fund and properly funded it with $7 billion. I had forgotten how well […]
Proposal to Refinance Loans for Millions
President Obama is scheduled to give a speech tomorrow to Congress. Originally, it had been set for today but Boehner felt it might impede with the previously scheduled Republican Presidential debate. I guess this is part of the insidious Republican plan to do as little as possible for the millions of people unemployed until Obama […]
Yahoo! Fires Carol Bartz!
I’m not sure what the big deal is about Carol Bartz getting fired. The fact that she was caught by surprise seems to me to indicate that she was out of touch and deserved it. I just hope she doesn’t try to run for political office like Carly Fiorina and Meg Whitman. Was she […]
I’d love to hang with these guys!
I saw some interesting news over the weekend. The title of the article was: Cops snag $2 million worth of street racing supercars in huge bust. Apparently, a group of young car enthusiasts, the oldest was 21, were enjoying their cars a little too much. I have to admit that I’m a little aggressive on […]
August 2011 is over, yay!
I’ve updated my Meager Income and Total Debt graphs through September 1st. I’m pleased with my progress toward reducing my debt. I can’t wait to break through the 255k mark and possibly 250k by January 1st. My monthly meager income has stayed relatively constant. I’d did use the dip early in August to buy additional […]
Thanks, Steve Jobs!
I’ve been anticipating the day that Steve Jobs would transfer power to Tim Cook. I didn’t expect it this soon though. See Steve’s announcement below: August 24, 2011 Letter from Steve Jobs To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could […]
Warren Buffett Says Tax the Super-Rich
The New York Times published an op-ed written by Warren Buffett titled: “Stop Coddling the Super-Rich” today. I’m sure if you are reading a personal finance blog you’ve already read what he had to say. I haven’t personally seen his 1040 but i’ve read before that his salary as Chairman and CEO of Berkshire Hathaway […]
The Fed Keeping Rates Low Until 2013
I’ve been watching the stock market with much anticipation the last couple of weeks. I’ve already locked in my $3000 loss for the year for tax purposes. I sold my positions in HCBK and SPF. I still like both of these stocks but I think I’ll be able to buy them again in a month […]
Letting Tax Cuts Expire Not a Violation of the Pledge
On my way home this evening, I caught a bit of Market Place where they were discussing a conversation Grover Norquist had with the Washington Post editorial board. He was quoted as saying that letting the Bush tax cuts expire wouldn’t technically violate the pledge. So, it basically gives Republicans in Congress some room to […]
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