Jump to content

Financial News


jasonxctf

Recommended Posts

At least interesting...Facebook's Eduardo Saverin has renounced his U.S. citizenship just about the time to save $70 million on his U.S. tax bill. This is technically illegal, but it hasn't really been enforced, although this case is so blatant that they may actually be able to enforce it and bar him from ever entering the U.S. legally again.

Link to comment
Share on other sites

What will happen next year if all the Bush tax cuts expire and all spending cuts kick in:

 

cliff2.png

 

For more on Congress’ end-of-the-year choices, the Committee for a Responsible Federal Budget has a note on the “economics of the fiscal cliff.” They note, among other things, that the spending cuts from the sequester would actually have the biggest impact on growth in 2013, even though they’re smaller in dollar terms than the Bush tax cuts.
Link to comment
Share on other sites

But either way, it shows again that the net effect of government spending across all levels has been a drag on the economy for several years now. Obama is proudly highlighting this, but it's not something anyone should really be happy about when we still have high unemployment and widespread economic suffering. If the federal government had covered state and local budget cuts and give us a net-zero effect, we'd be much better off right now, let alone real and sustained positive demand effects.

Link to comment
Share on other sites

TED is censoring one speech on economic inequality by refusing to release the video but they have another up.

 

The above TED talk, by Richard Wilkinson, is from October 2011, and it's all about economic inequality. There's quite a lot of buzz today about another talk on economic inequality which was recorded, then quashed by TED officials. You can check out the full transcript here, from National Journal.

 

At first glance, this is quite a strange discrepancy. Both talks are on economic inequality, and they do differ a bit, but if anything the Wilkinson talk is more radical. The gist of his is that once a country has reached "developed" status, wealth doesn't much matter for the health of that society, broadly speaking (including things like longevity, mental illness, crime, prison population, poverty, etc). Instead equality is what matters. More equal societies are better.

 

The censored talk, given by venture capitalist Nick Hanauer, makes a fairly banal point that starting a successful business depends entirely on having a population of people with the ability to buy your product

 

TED is tone-trolling.

Link to comment
Share on other sites

QUOTE (Soxbadger @ May 18, 2012 -> 10:17 AM)
This is going to be unpredictable, it feels like an apple ipod release where people are in line just because they want to say they have it first and who cares what cost.

 

It is amazing how many people are on Times Sq outside of the NASD HQ.

Link to comment
Share on other sites

QUOTE (Soxbadger @ May 18, 2012 -> 10:22 AM)
Yeah I saw the picture on yahoo and was kind of shocked. I mean people love certain brands (Nike, whatever), but they dont go crazy over getting some stock.

 

I would have done it, if I was up there. But then again I am a market geek.

Link to comment
Share on other sites

Being there would be fun, but I doubt you would place an order to buy FB at any price just to say you got some. I mean if you can get it right at the bell, you probably can make a quick profit, but I think some people are going to buy pretty high today.

Link to comment
Share on other sites

QUOTE (Soxbadger @ May 18, 2012 -> 10:25 AM)
Being there would be fun, but I doubt you would place an order to buy FB at any price just to say you got some. I mean if you can get it right at the bell, you probably can make a quick profit, but I think some people are going to buy pretty high today.

 

Nope. If you aren't on the initial offering, wait until days later. Let the glow fade.

Link to comment
Share on other sites

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...