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A man who died in a climbing accident unknowingly bequeathed a valuable inheritance to his family – a rare coin struck after the turbulent birth of the United States. The humble half-cent coin, minted in 1796, lay undiscovered for 50 years inside a matchbox before it was found by the family of Mark Hillary during a clean-out. The coin fetched £225,700 ($353,000) at auction – 72 million times its original face value. Only [...] by Michael It turns out that the poster child for the European debt crisis is not actually poor at all. In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas. If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems. Fortunately, this recent [...] 2013 could be a bad year to die, as the expiration of the Bush-era tax cuts is set to cause a massive hike in the rate of estate tax. The proportion of inheritance money claimed by the federal government will climb from 35 per cent to 55 per cent. Moreover, a reduction in the threshold at which the tax becomes payable means that the number of people caught in its net is [...] A woman has been accused of telling a family that she was about to inherit a billion dollars before convincing them to lend her $46,000 so she could ‘collect it’. Morgan Johnson, 24, from Fort Myers, Florida, allegedly forged bank documents and made up names for her fellow employees to cover the lie. The single mother of one is now facing charges of fraud and grand theft after hatching the plan. Trick: Morgan [...] What if you are only allowed to vote because it doesn’t make a difference? What if no matter how you vote, the elites get to have it their way? What if “one person, one vote” is just a fiction created by the government to induce your compliance? What if democracy is dangerous to personal freedom? What if democracy erodes the people’s understanding of natural rights and the foundations of government, [...] President Obama’s proposed 2013 budget contains a decade-long surge of tax hikes that, if approved, would affect everything from income to investment to inheritance. The budget blueprint contains roughly $2 trillion in new taxes and fees. When other tax cuts and credits are counted, the net impact from the proposals is still about $1.5 trillion. Though Republicans already are mounting a vigorous campaign against the proposal, many of the tax provisions still [...] Stories we tell ourselves <SNIP> Quote: “I’ve talked more than once in these essays about the immense role that narratives play in our mental and social lives. As human beings, we think with stories as inevitably as we eat with mouths and walk with feet; the stories we tell ourselves about the world define the way we make sense of the “blooming, buzzing confusion,” in William James’ phrase, that the world out there [...]
Sure, why not. Let’s have yet another biography of Elizabeth II, this one as she’s about to mark 60 years on the throne. So what is new to justify Sally Bedell Smith’s massive “Elizabeth the Queen”? What is left to uncover, and what should be left uncovered and unknown in the life of this exemplary lady whose predetermined existence of regal obligation is yawningly unenviable, however bejeweled the box it comes in? Smith’s [...] We’re a little too late for all of this(OWS), but at least people are making their voices heard. Perhaps we still have a little time left to redistribute the nation’s resources more evenly while we alter our economy away from a growth paradigm, or more likely the 1% will do everything they can to hold onto their coddled positions of privilege and wealth, only allowing [...] Madison Ruppert Vladimir Putin recently detailed his plan to build a Eurasian Union somewhat reminiscent of the USSR in the Izvestia newspaper which he aims to be able to compete with the European Union and the United States. Putin said, “We are talking about a model of a powerful supranational union capable of becoming one of the poles in the modern world.” Putin cites the “great inheritance form [...] Budget chief says city facing $2.5 billion shortfall, sparking fears of TTC fare hike (Toronto) Toronto Budget Chief Mike Del Grande spent the day battling with fellow councillors, laying out the city’s financial woes. “I was very clear in this meeting. Our capital budget, which is an inheritance that is a poison pill to us, is that the debt is $2.5 billion at this time and [...] You can’t take it with you. Many children of wealthy baby boomers won’t be taking it either. A US Trust survey of 457 high-net-wealth individuals released Tuesday found 51 percent said it is not important to leave their kids an inheritance, even though their children’s success is an important measure of their own success. “These are mainly self-made people,” 50 percent or whom said they paid a price in personal relationships and [...] You can’t take it with you. Many children of wealthy baby boomers won’t be taking it either. A US Trust survey of 457 high-net-wealth individuals released Tuesday found 51 percent said it is not important to leave their kids an inheritance, even though their children’s success is an important measure of their own success. “These are mainly self-made people,” 50 percent or whom said they paid a price [...] If you’re interested in being in the market at all, and want the very best investment that nine months of full time economic and meltdown investment research brought me (and is where I put ALL my money,) then read on. Think MLPs (Master Limited Partnerships) and their General Partners (some also are MLPs) and the concept of COMPOUND INTEREST. MLPs are far superior for long term, income seeking investors than the stocks, [...] |
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