A White House aide set off a stampede of liberal media criticism for Internet news pioneer Matt Drudge over Obamacare – but his critics don’t seem to understand how small businesses pay taxes. The brouhaha started when Drudge tweeted: Jesse Lee, the Director of Progressive Media at Barack Obama’s White House, responded that that was […] READ MORE
This Map Ranks The States From Best To Worst On Tax Rates
Hate paying taxes? Then consider a home on the range, and keep as far away from New York as possible. The tax burden the average American pays varies tremendously, and depends a lot on where you live, according to a study by financial social media company WalletHub. The study ranked all 50 states and the […] READ MORE
Bitcoins Not Gaining Momentum Despite Mt. Gox Finding A Portion Of The Missing Ones
Major bitcoin exchange Mt. Gox said it had found nearly a quarter of the bitcoins it previously said were lost, raising questions about how much of the missing total could eventually be recovered. Mt. Gox Chief Executive Mark Karpelès said in a document released Thursday that the firm had found 200,000 bitcoins in a wallet […] READ MORE
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By signing on the dotted line, or agreeing to those endless terms of service, some customers are unwittingly giving away their right to free speech. Specifically, the right to write negative online reviews. Experts say that more companies from wedding photographers to dentists are slipping non-disparagement clauses (and other language that prevents consumers from writing […] READ MORE
Medium-Term Treasury Yields Rising Quickly
On a conference call today with some people in the financial sector I made sure everyone was aware of this: I think a lot of casual observes (i.e. not the bond traders obviously) just think about the fed funds rate, and maybe the really short maturity Treasuries. But as the chart above shows (from here), […] READ MORE
Bill Would Make It A Felony To Report False Complaints Of Police Abuse
There is a bill in the Kansas legislature that is a bad cop’s dream. House Bill 2698 would raise cops even higher above the rest of society by requiring anyone filing a complaint against a police officer to first sign a sworn affidavit clearly stating the allegation. If during the ensuing investigation clear evidence shows […] READ MORE
“$50,000 Gold in 2020″ — Jim Sinclair’s Senior Moment
Jim Sinclair now predicts that gold will be at $50,000 sometime in 2020. This is all over the Web. With gold at about $1330 an ounce these days, the price would have to multiply by a factor of 38 to reach $50,000. Let me the be the first to say that this is not going […] READ MORE
Tea Party Stealth Campaign Sinks School Tax Vote, 2 to 1
It happened this week: a local school district thought it would get voters to approve of a one-cent sales tax increase to finance the public schools. The good old boys did not know that a few local citizens had hired the Tea Party’s most successful anti-tax, anti-bond issue local organizer to come to town and […] READ MORE
ObamaCare’s Fall Sticker Shock. Elections in November.
Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration. The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects […] READ MORE
Tag Team: Dems and GOP Establishment Gang up on Tea Party
The basic strategy of the two parties is here: Strategy, Part 1 Strastegy, Part 2 Strategy, Part 3 This is bipartisanship in action. READ MORE
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