Also On Wellness
Posts by Al Jacobs
Welcome to the New Year! With 2010 upon us, it's appropriate to remind all Americans, once again, of a tax law time bomb that continues to tick methodically. There are now only twelve months to go before detonation. What is the cause of this coming disaster? Let me take you back nearly nine years so you may witness its creation. On May 26, 2001, the U. S. Congress passed the Economic Growth and Tax...
1/11/2010 7:47:28 AM
The fallout from our current economic malaise continues as Christopher Cox voluntarily steps down and out as Chairman of the Securities and Exchange Commission (SEC). It had to be, of course, as he became one of the convenient snowflakes on which to blame the financial blizzard. The opening salvo on Chairman Cox dates back to September 18, 2008, when then-presidential-nominee John McCain angrily announced:...
1/29/2009 11:08:03 AM
e-con-o-mist (i kon'a mist), n. one who philosophizes about other peoples' money. In case you haven't heard, it's now official. America can avoid a depression. The program offered by Dennis F. Paulaha, Ph.D. Economics, spokesman for RemortgageAmerica, is simplicity itself. The Plan: The federal government offers every U.S. citizen a 30-year mortgage loan of $500,000 at 11/2% fixed rate of interest....
1/7/2009 12:21:04 PM
News Item: Survey Reveals Students' Dishonesty. For those of you who imagined otherwise, high-school-aged youths will shoplift from a store or cheat on an exam. It's official now. The Josephson Institute, a nonprofit foundation based in Los Angeles, surveyed 29,760 students at 100 randomly chosen high schools throughout the nation. Within the past year, thirty percent acknowledged having stolen from...
12/15/2008 12:55:02 PM
In the closing weeks of the election now thankfully concluded, attention focused on the failing economy and a need for the federal government to address the problems quickly and effectively. Amidst passage of the $700 billion bailout legislation, the Bush administration proposed purchase of "toxic mortgages" from major investors as a way to invigorate the economy. As expected, calls for government...
11/18/2008 11:58:54 AM
Are you watching as the nation's politicians work to solve the financial meltdown of 2008? Though they all have different opinions on what must be done, they seem to agree on one point: hundreds of billions in taxpayers' dollars must be thrown at the problem. The popular phrase of the moment is "bailout," with visions of the federal government buying up non-performing mortgage loans from failing financial...
10/22/2008 9:07:22 PM
If you visit google.com, the Internet's most prominent search engine, and enter the words "Family Budget," you'll be referred to 93,800,000 websites. As you see, there's a plethora of information on budgets. Visit some of the sites as I did and you can learn how to create them, revise them, refine them, interpret them, rationalize them, and conform to them. Nonetheless, the number of American families...
9/3/2008 2:53:30 PM
Over the past year you've watched as real estate in your neighborhood dropped in value. It didn't really hit home, though, until last week when your next door neighbors told you they hadn't made mortgage payments for five months, that the bank was foreclosing, and that they'd be moving soon. For the first time you're looking closely at your own home, wondering what the future holds. Consider a not...
7/31/2008 10:35:04 PM
This title of a recent USA Today article attracted my attention: "You don't have to be a millionaire to invest like one." The article, by columnist John Waggoner, described sensible mutual fund investment, expounding on such matters as sales and load charges, annual Roth IRA limits, and automatic reinvestment programs. But search as I might, I found no information on how to invest like a millionaire....
7/8/2008 10:04:21 PM
The nation's Medicare system is now engulfed in controversy over its future. What might we believe?I'll spell out the real problem. In connection with the delivery of medical services in America, one fact must be recognized. While medical technology becomes increasingly involved and costly, a substantial and growing portion of the population, with little or no financial resources, is guaranteed limitless...
8/28/2007 7:00:00 AM
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