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POPSNew Taxes on the Internet? Uh oh, here they come! No doubt that with the deficit spending running out of control, Congress is seeking a way to bring in more tax revenue. Why not go after net-addicted Americans?
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POPSIs Paying Taxes Pleasurable? Here's an interesting article saying that we like to pay taxes and that it has the same effect on us as sex. (I don't know about you, but after I pay my taxes I always fall asleep.) For a different view, check out Absurd "Study" Presented as Fact. http://newsbusters.org/node/13469
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POPSForeclosures up 90% Those looking for a bottom in the housing market take note: The number of foreclosures has increased dramatically since 2006. One of the signs of a bottom in the housing market will be increasing foreclosures as those in over their heads bail out. Are we at or near the bottom? Real estate sentiment is also very low right now. But housing cycles tend to last a bit longer than the 2 years since the real estate peak. Stay tuned...
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POPSNational Strategy Needed to Fight Obesity Here's a national strategy: Put down the fork and go for a brisk walk. What's so hard about that, folks? Why do the folks look to the government for a solution to their self-induced problems? It's no secret why folks are overweight. You're worried about health care in this country? The diseases caused by being overweight are costing America a fortune. Maybe health care premiums should be based on your body mass. Maybe it'd give folks some incentive to change their lifestyles!
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POPSJohn Edwards Admits to Affair I doubt any of us are shocked by this. But this guy seems to be one of the bigger hypocrits out there. Not just the affair, but the hedge fund stuff, two Americas, etc..
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POPSApple Releases Safari for Windows Just caught this while browsing. Giving the beta version a go to see how it works. I don't think the impact would be to Microsoft's IE, but to Firefox.
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POPSCongress Raises Taxes on... Kids? Sometimes tax hikes fly under the radar. We are all concerned with our marginal tax rates, sales tax rates, and property tax rates. But what about the "other" taxes, fees, and things filed under "misc?"
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POPSRudy Giuliani's Health-Care Proposal I think this is a GREAT idea. Why should employers have to be experts on health care? Shouldn't employers re-direct the monthly health premiums to the employees' paychecks and let the employees pick their health care?
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POPSRepublican Debate: God replies to Rudy I have to be honest and disclose that Rudy is my favorite candidate for 2008. I'm socially liberal and fiscally conservative. But I think the number one issue we face (and the free world faces) is terrorism. Nothing else really matters if we don't defend ourselves from those who want to kill us. I hate war and killing as much as the next guy. But retreating won't make it go away. It is said that Rudy is a mean ol' SOB. That's who I want running our country.
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POPSApple Snapping up Memory for new iPhone? Seems to make sense. Some of the new phones are offering some stuff that is quite more powerful than the current 3G iphone. Of course, ease of use isn't one of those "stuffs." Will they include cut and paste?
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POPSECRI: No End in Sight to Recession Wow! Cheerful! We're at the point where everything is bad. Nobody believes in the future. Feels horrible, though. And for states and local governments, it's just starting because of the lag time involved with collecting tax revenues. If anyone had the guts to be a contrarian and swim against the tide, it would seem that the time is at hand.
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POPS"Green" energy bill heading to Congress I don't think this one will make it by the Republicans. And with the demand for hybrid cars in the stratosphere, I can't imagine a low CAFE standard like this even making any difference whatsoever. But if we're growing tons of soybeans and corn, it's at the expense of other crops. And that has made an impact on cows that eat grains, Germans who drink beer (made from barley), and Mexicans who eat tortillas.
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POPSJim Cramer Fatigue? I happened to catch today's 500th show of Mad Money. A recap of previous shows with Jim commenting. In addition, Regis Philbin called in with questions about Time Warner and EMC. Hat tip to Barry Ritholtz. http://bigpicture.typepad.com/comments/2007/06/financial_media.html