You can go here to find out more about IRS Commissioner Doug Shulman’s remarks at the annual meeting of the New York State Bar Association Taxation Section on January 26, 2010. Shulman lays out how the issue of “complexity” is being managed by the IRS. One of the most revealing statements made by Shulman has [...]
Once again, the pundits got it wrong. Or perhaps even better yet, they got it right by persuading people to invest in gold. Thus, the old media paradigm switches into high gear in order to protect the status quo. In the final analysis, vertical integration will not help the investment world. The melding of media [...]
Here is a great article about The Ten Brands That Will Disappear In 2010. We found it interesting because the results of a study by the UCSD Global Information Industry Center were recently released, which cited some interesting statistics about information consumption in America.
The results found that the average annual growth rate of “bytes consumed” [...]
By far, the biggest story for 2010 is going to be the economy. Basically, many analysts predict that the economy is going to go into a depression in 2010, which will last for around 10 years, which is about how long depressions usually last. The system is going to have to go through a natural [...]
As Dubai defaults on its debts, the way business is done in Abu Dhabi is that there will be no bailout, which is in contrast to the way in which the federal government handled the US credit crises. The holders of the Dubai debt will likely get saddled with the burden, much of which is [...]
keithhennessey.com
November 18, 2009
The following is from the Joint Tax Committee estimate of the revenue effects of the Reid bill. I have listed provisions with major revenue effects (+$20 B / 10 years) and a few others that have significant policy or political impacts. There are some smaller changes as well, which you can [...]
The first-time homebuyer tax credit has been extended through April 30, 2010. The credit was originally set to expire November 30, 2009. In order to qualify, the buyer must not have owned a principal residence during the three-year period prior to the purchase. In order to qualify for the credit, existing homeowners must have resided [...]
China’s economy is growing at a whopping 8% rate, and even the European economy is beginning to grow again. Yet in the US, consumer sentiment is declining along with the value of the dollar as unemployment continues to plague the economy.
The superiority of Verizon’s network is being underscored by Droid. However, complaints are already being heard that Motorola’s Droid has too little RAM. It will sell for $200 after a $100 rebate, and it has a $30 data plan. It is direct competition to Apple’s i-Phone, since by contrast Droid supports Adobe Flash, whereas the [...]
I have read many articles on the economy as I am sure you have about what the weaknesses and the strengths are. I do not want to get lost in platitudes reminiscent of Chauncey Gardner, however, none quite so well comes forward by taking on the issue of cutting through the bull as shadowstats.com. I [...]
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