If there is one company that exploits the rules encouraging crony capitalism better than anyone, it appears GE would be the one. General Electric seemingly can’t make a lot of money on its own, so it relies on everyone else’s to stay afloat.
GE sues to get a refund
Remember the “GE pays no taxes” scandal? To recap, one of the wealthiest corporations in the world, General Electric, paid no taxes whatsoever in 2010, according to the New York Times. It gets better. Recently, according to Forbes magazine, GE SUED the IRS to get a $658 million refund. In 2003, the [...]
There is a definite connection between currency values and gold value, and if today’s movement on gold futures is any indication, the world is experiencing a major shift. According to Marketwatch, Gold for December delivery went up $7.20 per ounce to an all-time high of $1,405 early Monday on the Comex of the New York Mercantile Exchange. It soon peaked at a high of $1,407.20 per ounce.
Gold futures began the day on downward slope
Trading began Monday with a loss of as much as $10 from Friday’s closing price on gold futures ($1,397.70 per ounce). Not coincidentally, the currency value of [...]
Canada is now phasing out their penny following a few other countries who have decided a penny value is not worth much. Many in America have suggested we do the same. While this is not a news story, it reminded me of a math assignment I did as a kid and I want to do with all of you.
The Rules of The Game
The rules are simple, answer if you would rather have a penny that doubles in value every day for thirty days, or if you would rather have a million dollars. Don’t do the math yourself, just answer the [...]
People are always buried deep into some sort of debt. They take more credit to repay their mounting credit card bills. There is no way that can rescue these people from the troubles of debt. Sometimes, the outstanding balances give them a poor credit score that make them ineligible for other lines of credit. This forces them to take some self-initiated credit card debt reduction steps to improve the credit score.
Understand the basics of personal loans
Every now and then people need huge amount of cash. During this time, many of them look at personal loans as a safe alternative. However, [...]