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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 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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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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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 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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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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POPSBullish Sentiment Trends Lower Sentiment never matters until it does. And it always looks obvious in retrospect. Here we have the AAII sentiment numbers showing huge investor pessimism.
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POPSStock Market Follow Through Day An Investors Business Daily follow-through day. Not all follow through days lead to bull markets, but all bull markets begin with a follow through day. Or so they say!
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POPSThe Absence of Inflation I know this seems counter to what folks are feeling. It seems as prices are always going up. Note the remarks by Barry Ritholtz in the comment section. Inflation measures a broad basket of goods, not just a handful of things that on our lists of "Top Ten Irks." If the cost of something is up, consumers often substitute something else. If apples are pricey, they buy bananas. If oranges are expensive, they try the grape juice. If gasoline is up, they rideshare, use mass transit, telecommute, drive less, and hybrid purchases increase. Interest rates are up because of the *fear* of inflation, rather than inflation itself. We're just not seeing the overall increase in the sum total of goods in that CPI market basket. IMHO, anyways.
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