Money

A look at how effective interest rates are in reducing inflation. Although MPC appear to have been successful there is reason to believe monetary policy may not be without its drawbacks.

Home Depot through its Board of Directors forced the resignation of General Electric trained CEO, Robert Nardelli. Now the problem is that the current senior management of Home Depot is group of General Electric trained executives. All of whom have joined the company in the last five years. They are still there.

Each Apple iPhone sold will generate nearly a 50 percent gross margin for Apple Inc. and partner Cingular Wireless, giving the companies a hefty profit, as well as plenty of room for future price cuts, according to a preliminary functional Bill of Materials (BoM) estimate created by iSuppli Corp.

Several Years ago as a resident of Gwinnett County Georgia I had as my state Representative John Linder (R.) He had developed this off the wall plan, and he saw himself as a sort of Luke Skywalker and he was out to destroy the evil empire. His plan was to blow up the IRS death star! "But how master Luke they are too powerful?" His daring plan was to fly his X wing fighter to Washington and destroy the IRS with the "force" of a flat tax.

Jobs and company have created a cell phone device that threatens to create hegemony over the entire cell phone industry. What Jobs has done for this industry is take it to the next level, and what a level it is. It really shouldn’t be called an iPhone. The phone features of this device are probably the least interesting.

Bob Nardelli is a self-made victim. It’s one thing to come into an ailing company, and turn it around using modern management techniques. It’s another thing to come into one of the best stock market performers in history, and start changing things that don’t need changing.

For at least two years, the economy has been in great shape. GDP growth has been solid, job creation strong and steady, unemployment at a 5 year low, interest rates and inflation both very favorable, business profits strong, productivity-up. Now, add in two years of solid, inflation adjusted wage gains and a favorable outlook.

As long as we have the income tax, we will all continue to be slaves to the IRS. The keys to emancipation can only be found in the replacement of the income tax with a federal sales tax.

Serious discussion of tax fairness in America cannot take place or be understood without proper emphasis on the phrase Final Net Tax. It's true, individuals and corporations, have plenty Of credits, deductions and subsidies. However, those reductions only serve to reduce rates that are far too high and harmful to the economy, to government, to individuals. A serious reduction in rates accompanied by an end to most deductions would have huge national benefits.

Major Tax Cuts In The U.S., Other Nations, and Among the Fifty States, Have Produced The Same Results, Hundreds of Times. GDP, Jobs, Per Capita Income and Revenues To Government, Soar. If Spending Is Kept Anywhere Near Inflation, Deficits Go Down, Surpluses Go Up. Why Are Leftists Still In Denial Of So Much Empirical Evidence?

Our own individual Katrinas as the economic floodwaters crash over the walls as we float towards the debt ceiling looking for the rescue boats of decent paying jobs. We don't care about whole cities so why should we care about you as individuals? The Bible? What! Your kidding right? Why yes of course we love Jesus but only from a distance!

Politics and rare coins might not seem to go together, but they are linked throughout the history of the United States. From the first coins of the 1650s to the change you carry in your pocket today, political influence has been a significant part of United States coinage.

Banking has been traditionally defined as accepting deposits for the purpose of lending or investment. But the canvas of banks is no longer restricted to deposits, advances and investments. Banks have now repositioned themselves as one stop shops for meeting all the financial needs of customers, blurring the boundaries between banking, insurance, mutual funds and asset management.

Do you really think the multinational corporations bought the Hollywood studios for the theater gross? Absolutely not. In reality movie ticket sales represent a third of a movie’s earnings power. Viacom can lose money on a picture, and still make a fortune on DVD sales (a third), and future television and cable rights (a third).

I recently heard someone say (completely seriously I presume) that corporate profits should be limited to a given figure each year, with any amounts in excess of that being automatically diverted to charity. The sad thing is that there are many U.S. citizens who would have no problem whatsoever with his statement.