Friday, October 31, 2008
Wednesday, October 29, 2008
Your feedback requested
A few friends and I had this conversation last week about how to hang toilet paper. Scotty B in particular was adamant that THIS was the way to hang toilet paper.
Your feedback is necessary to answer our query.
Tuesday, October 28, 2008
Monday, October 27, 2008
Chili: Our Fall Tradition
The week before every halloween, Joel and Becky make Chili. What I love mostly about it is that there is no recipe - Joel just knows it from memory - yet somehow it gets better every year.
Sunday, October 26, 2008
Joe the Plumber and business taxes: They're all getting it WRONG!
The "Joe the Plumber" argument is that "Joe" is going to buy a business that is making $250-$270,000 a year and that Obama's tax plan is going to tax him more. What amazes me is that Obama, McCain and many pundits are really missing the boat on how business taxes actually work.A business who generates $270,000 a year (generally) refers to gross income of the business. Business taxes are in no way connected to the gross income!
"Joe" has expenses such as payroll, trucks, insurance, etc. These expenses reduce his taxable income until at the end of the year - he either shows a profit or a loss. THE PROFIT OF THE BUSINESS is what gets taxed. NOT THE GROSS INCOME.
So, if Joe is an awesome businessman - he'll show a 30% profit and pay taxes based on $75,000 - which is well within Obama's tax cut for the middle class.
Lastly, McCain keeps saying that if Obama increases taxes on these businesses (which we know he won't now - but lets play along), that millions of Americans will lose jobs because if the company they work for has to pay more in taxes - they will cut jobs.
Stop it. That's exactly like saying that because I am going to get taxed on my next pay check that I don't want my next pay check. Come on! Even if some individuals end up (those making $250k and up) paying more in taxes - do you honestly think they'll stop earning money because of it? Of course not!
This argument is illogical and is fear mongering. It's simply meant to scare people who don't understand.
Sunday, October 19, 2008
17 years ago....
I don't specifically remember seeing this picture (left) on the National Geographic cover in 1985, but I *do* remember her eyes.
The newest picture (right) is the second time this Afgan girl has ever been photographed.
Interesting story here....
Monday, October 13, 2008
Sunday, October 12, 2008
Thursday, October 9, 2008
Monday, October 6, 2008
Interview with Warren Buffet on Charlie Rose
Here are a few quotes from this Charlie Rose interview with Warren Buffet:
"You want to be fearful when others are greedy and greedy when others are fearful."
"They've (Americans have) seen 8% of America's bank deposits in the United States have moved - very skillfully I might say - within the last couple of weeks."
"This is an economic Pearl Harbor."
"If you look at the American public - they have $20 trillion worth of residential homes and they've got $20 trillion worth of stocks, very roughly. Those are both the two big assets of the American family and they are both down dramatically."
"If I got a chance to take 1% of the deal (be a partner with the US in the bailout plan) I'd take it." There's money to be made because the US government has staying power.
"I've said (derivatives) are possible weapons of mass financial destruction and they have been. They destroyed AIG and they certainly contributed to the destruction of Bear Stearns and Lehma."
Americans have improved themselves financially in this century by a rate of 7:1. Some centuries have seen 1%. America's economy is strong.
-Believes strongly in mark-to-market accounting.
-"Inflation is a likely consequence of our decisions now."
-Warren Buffet
"You want to be fearful when others are greedy and greedy when others are fearful."
"They've (Americans have) seen 8% of America's bank deposits in the United States have moved - very skillfully I might say - within the last couple of weeks."
"This is an economic Pearl Harbor."
"If you look at the American public - they have $20 trillion worth of residential homes and they've got $20 trillion worth of stocks, very roughly. Those are both the two big assets of the American family and they are both down dramatically."
"If I got a chance to take 1% of the deal (be a partner with the US in the bailout plan) I'd take it." There's money to be made because the US government has staying power.
"I've said (derivatives) are possible weapons of mass financial destruction and they have been. They destroyed AIG and they certainly contributed to the destruction of Bear Stearns and Lehma."
Americans have improved themselves financially in this century by a rate of 7:1. Some centuries have seen 1%. America's economy is strong.
-Believes strongly in mark-to-market accounting.
-"Inflation is a likely consequence of our decisions now."
-Warren Buffet
Saturday, October 4, 2008
Thursday, October 2, 2008
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