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Weaving the Strands: Business, Economics, and Tax Policy 2.0

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Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

FlagDUDE08 said:
Not sure if this should go in this thread, the gas thread, or the drinking thread, but take a wild guess where the surplus money from lower gas prices is going... http://www.cbsnews.com/news/cheap-gas-means-more-beer/

Im Himmel gibt's kein Bier...
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In Hell gives no beer? Either it's not a direct translation between German and English or your translating app is broken (and adding extraneous apostrophes).
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

St. Clown said:
In Hell gives no beer? Either it's not a direct translation between German and English or your translating app is broken (and adding extraneous apostrophes).
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The original song was written in German in 1956, and was later translated to English. ;)
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

FlagDUDE08 said:
There is a particular facet of the economy that has grown every year for the last 30 years or so, and in that time has increased over 1000%. Know what it is? A little hint: What does "USCHO" stand for?

Mark Cuban seems to think the bubble may burst soon.
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There are some for-profit universities that have dialed back their tuition and placed contracts with their students to not raise tuition while they're attending classes. While these are generally small schools and lack any sort of gravitas in higher education, they could be the trend setters.

I've seen various reports over the years where financial analysts said that if they took the cost of college tuition, invested it in the stock market, the expected rate of growth in that principal, added to a person's unskilled labor rates, would exceed lifetime earnings of earning a BA from a standard state school.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

St. Clown said:
There are some for-profit universities that have dialed back their tuition and placed contracts with their students to not raise tuition while they're attending classes. While these are generally small schools and lack any sort of gravitas in higher education, they could be the trend setters.

I've seen various reports over the years where financial analysts said that if they took the cost of college tuition, invested it in the stock market, the expected rate of growth in that principal, added to a person's unskilled labor rates, would exceed lifetime earnings of earning a BA from a standard state school.
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Yeah, financial analysts always say things like that. Just a few years ago many of them were saying you should refinance your house cause it's cheap money at 3.5% and then invest it in the stock market (heard it from both guys I interviewed when I was out shopping). I know a couple of people who did that and lost out big time. Maybe it's starting to come back now for them, I don't know but at the time they were bleeding money.

Stock Market is legal gambling. Frankly I'm tired of any of them stating anything remotely close to this. The numbers prove that you will earn more in your lifetime with a college degree than without one.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

sigh.

WASHINGTON—Taxpayers face a “perfect storm” of problems in the return-filing season that starts next week, and fewer than half of people who call the Internal Revenue Service with questions are expected to get through to the agency, according to a new government report.

Taxpayers this year “are likely to receive the worst levels of taxpayer service since at least 2001, when the IRS implemented its current performance measures,” National Taxpayer Advocate Nina Olson’s office said in a release accompanying the report. Ms. Olson’s office is an independent organization within the IRS that conducts oversight of the agency and helps taxpayers who run into problems dealing with it.

This year, fewer than half of callers will get through, perhaps as few as 43%, Ms. Olson said. Hold times will average 30 minutes and take even longer during peak times.
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I do want to give Ms Olson lots of credit: she takes her job seriously and has put forward a number of sensible proposals to help taxpayers deal with those insane rules that Congress keeps legislating. She is one government servant who actually serves the public well.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

St. Clown said:
There are some for-profit universities that have dialed back their tuition and placed contracts with their students to not raise tuition while they're attending classes. While these are generally small schools and lack any sort of gravitas in higher education, they could be the trend setters.

I've seen various reports over the years where financial analysts said that if they took the cost of college tuition, invested it in the stock market, the expected rate of growth in that principal, added to a person's unskilled labor rates, would exceed lifetime earnings of earning a BA from a standard state school.
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Minnesota used to have a guaranteed no-increase tuition. They just didn't advertise it.

Also, for profit universities are a scam for the most part.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Wouldn't doubt that when it comes to BAs. Might as well just burn your money unless you're going premed.

A BS or BE (engineering) wouldn't even be touched if you were to invest that money. No where near it.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

ScoobyDoo said:
Get ready for the next big bubble crash. Congress is working on it.

http://www.huffingtonpost.com/2015/01/14/volcker-rule-delay_n_6469902.html
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Here's the thing I don't get about the present GOP. Obama is obviously going to be vetoing a lot of bilge that comes bubbling up from the Republican id for the next two years. Why make the first veto something that 98% of Americans are going to agree with Obama on? Make it some vacuous nonsense about the Bible or the flag or the existential threat that is this newfangled jazz music.

All of these Congressional actions are purely symbolic, so make it a symbol of something that the country doesn't respond to with revulsion.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Kepler said:
Obama is obviously going to be vetoing a lot of bilge that comes bubbling up from the Republican id for the next two years. Why make the first veto something that 98% of Americans are going to agree with Obama on?
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Keystone XL is "bilge"? :confused:

98% of Americans are opposed to Keystone XL? :eek:

Please cite your sources for that one!
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Wow, the surprise decision by the Swiss central bank, while understandable in retrospect, is sure leaving a broad swath of devastation around the world in its wake.

Fallout from Switzerland’s wildly swinging currency ricocheted around the world, hitting global banks with tens of millions of dollars in losses and triggering the collapse of some brokerage firms.

Deutsche Bank AG and Citigroup Inc. both suffered about $150 million in losses after the Swiss National Bank abruptly removed the cap on the Swiss franc’s value, sparking a massive rally, according to people familiar with the matter. Barclays PLC also racked up tens of millions of dollars in losses, although they totaled less than $100 million, another person said.

Meanwhile, a major U.S. currency broker reached a deal for a rescue package after warning it may be in violation of capital requirements because of customer losses, a U.K. retail broker entered insolvency and a New Zealand foreign-exchange trading house collapsed.

The losses were triggered by the Swiss franc’s 30% jump against the euro in the minutes after the SNB scrapped its cap on the nation’s currency relative to the euro. Brokers found themselves unable to trade because of the unexpected volatility and the fact that some big banks stopped quoting rates for francs.
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Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

FreshFish said:
Keystone XL is "bilge"? :confused:

98% of Americans are opposed to Keystone XL? :eek:

Please cite your sources for that one!
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Keystone XL is lied about on both sides every day. The fact that it's the Bone Man and Itch's entire Jobs Jobs Jobs agenda is telling for the GOP.
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Kepler said:
Better late than never, I guess.
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There's a reason the wealthy stay wealthy. They will spend a bit more money on their accountants and lawyers to make sure that they pay the bare minimum to Uncle Sam and they will continue to be wealthy. Anything that passes Congress should be labeled "The Accountants and Lawyers Full Employment Act of 2015".
 
Re: Weaving the Strands: Business, Economics, and Tax Policy 2.0

Kepler said:
Better late than never, I guess.
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Is it?

What, this just dawned on him now, 6 years after he took office, and coincidentally at the exact same time that both houses of Congress switch over to the Republicans. Ok.

Heaven forbid he actually propose it when the Democrats control the Senate, which should make it at least marginally easier to get it through Congress.

The story was right about one thing, though. This will be part of Obama's legacy.
 
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