Friday, October 30th, 2009
The recession might not be over, but at least the contraction is. In the 3rd quarter our nation’s economy expanded for the first time in over a year. The nation’s gross domestic product expanded at an annual rate of 3.5 percent for the quarter that ended in September according to the Commerce Department. This... »
Tags: Ben Bernanke, Cash for Clunkers, cautious optimism about economy, Commerce Department, economic expansion, economic patience, economic recovery, Goldman Sachs, goverment stimulus programs, job market recovery, Jon Hatzius, long term psychological effects of stimulus, New Yorks Times, recession, recession likely over, sustainable growth, tangible economic effects of stimulus, U.S. economic growth, U.S. gross domestic product
Posted in Economics | No Comments »
Thursday, October 29th, 2009
At one point it seemed like everything was working out for Antoine Walker. At 22 he had just signed a 6 year $71 million dollar contract to play for the Boston Celtics. The city loved him and he seemed destined for greatness. He was young, rich, playing the game he loved and he was... »
Tags: Antonie Walker, athletes in debt, Boston Celtics, Boston Globe, check fraud, financial planning, Harrah's Casino, lavish lifestyle, living within your means, Miami Heat, Michael Jordan, pro athletes and gambling, Shira Springer, unfulfilled talent, University of Kentucky, unpaid casino markers, Walker wiggle
Posted in Celebrity Debt | 3 Comments »
Wednesday, October 28th, 2009
On Monday the Internal Revenue Service announced the development of a new enforcement unit specifically designed to target the super rich. The goal of the new unit will be to help the IRS decode partnerships, offshore trusts and other complex techniques used to hide income.
Yesterday this blog wrote about how when it came to... »
Tags: Doug Shulman, Global High Wealth Industry group, how the wealthy pay their taxes, Internal Revenue Service, IRS, IRS agency to go after rich, IRS Commissioner Doug Shulman, MC Hammer, new IRS approach towards wealthy, Nicolas Cage, President Obama, public perception of the IRS, redistrubtion of wealth, tax breaks, tax evasion, tax writeoffs
Posted in IRS debt | 2 Comments »
Tuesday, October 27th, 2009
It seems that most of the talk about credit scores these days centers around middle and lower class people. However, wealthy people are not immune to credit score difficulties. Just because you have a lot of money, does not make you immune to the damage that a bad credit score can cause in your... »
Tags: credit report, credit score, credit score pitfalls of the wealthy, financial responsiblity, importance of using credit cards, Jeremy E. Portnoff, mortgage, staying on top of your finances, Wall Street Journal, wealthy credit difficulties, wealthy people need credit
Posted in Credit Card advice, Economics | No Comments »
