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CAPE CANAVERAL, Fla. (AP) – NASA is paying $424 million more to Russia to get U.S. astronauts into space, and the agency’s leader is blaming Congress for the extra expense.
NASA announced its latest contract with the Russian Space Agency on Tuesday. The $424 million represents flights to and from the International Space Station aboard Russian Soyuz spacecraft, as well as training, for six astronauts in 2016 and the first half of 2017.
That’s $70.6 million per seat — well above the previous [...]
Money can’t buy love, but it can open the door to US citizenship
While most U.S. residents cannot put a price tag on the value of citizenship, Svetlana Anikeeva and her husband can — $500,000.
That’s because the Russian immigrants came to the U.S. through the EB-5 visa program, a federal initiative that allows foreigners to earn a green card granting them permanent residency – and a path to citizenship – in [...]
Gold’s “Bear Market”: 4 Things Investors Should Know
by Adrian Ash, BullionVault
Monday, 15 April 2013
With gold plunging, talk of a bear market has taken off…
WE DON’T make price forecasts at BullionVault (one reason we’re not on CNBC very often). Nor do we claim gold must only go higher forever. There’s a good time to own gold, we think, and a bad time.
So far, 2013 isn’t proving much fun, despite fresh Eurozone crisis, [...]
The wars in Iraq and Afghanistan are set to be the most expensive military conflicts in history and are expected to cost the U.S. as much as $6 trillion, a new report by Harvard public policy professor Linda J. Bilmes estimates.
So far, $2 trillion has been spent for Operation Iraqi Freedom (referred to as Operation New Dawn since August 2010) and Operation Enduring Freedom in Afghanistan since the conflicts began [...]
American Banker’s Weinberg: Evidence of a New Banking Bubble Is Growing
Bad habits at big banks are returning because of low lending margins and because the allure of thriving financial markets is reviving too much risk taking.
The result? There is evidence a new bubble may be forming, Neil Weinberg, editor in chief of American Banker, wrote in a column.
“Tops is the fact that with interest rates so low, there’s been a [...]
The pitch
If that 55-inch TV set you bought last year suddenly doesn’t measure up to your game-day fantasies, consider this Super Bowl-size alternative: A 152-inch one, yours for a cool half-million. That’s the price tag on Panasonic’s model TH-152UX1, billed as the “world’s largest, 4K2K plasma display” (we’ll get to that 4K2K part in a minute). The set is indeed a massive one — equivalent to nine 50-inch [...]
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered – including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
But in a city that is slowly dying, the glitz didn’t extend much beyond the Cobo Center exhibition hall.
General Motors and Chrysler, which along [...]
The Obama administration issued $236 billion worth of new regulations last year, according to a report from a conservative think tank.
The analysis from the American Action Forum, led by former Congressional Budget Office Director Douglas Holtz-Eakin, found that the administration added $216 billion in rules and $21 billion in regulatory proposals in 2012. Complying with those rules will require an additional 87 million hours of paperwork, the report said.
The group [...]
Congress loves to spend taxpayer dollars. That’s part of the reason why the federal debt is nearly $16 trillion. Since 2001, more than two billion of those dollars have gone into renovations to the controversial Guantanamo Bay military base in Cuba.
One of those renovations was a go-kart track for the troops that opened in 2006. The price tag? A cool $400,000.
Much of the public knows about the controversial military prison [...]
In a move that is rich in irony, President Obama agreed Tuesday night to sign an emergency deficit reduction bill that does almost nothing to rein in spending and then jetted out to Hawaii to resume his vacation at an extra cost of more than $3 million to taxpayers.
The price tag is in addition to more than $4 million that is already being spent on the Obamas’ Hawaii idyll, bringing [...]
Ed Beeson
The Star-Ledger
January 3, 2013
Hurricane Sandy could end up costing private insurers even more than the Sept. 11, 2001 attacks on the World Trade Center did, an economist for the insurance industry said today.
Insurers could end up paying out as much as $25 billion to cover damage from last year’s superstorm, according to an estimate by risk-modeling group RMS, which supplies data to the insurance industry. Meanwhile, insurers have paid [...]
In a move that is rich in irony, President Obama agreed Tuesday night to sign an emergency deficit reduction bill that does almost nothing to rein in spending and then jetted out to Hawaii to resume his vacation at an extra cost of more than $3 million to taxpayers.
The price tag is in addition to more than $4 million that is already being spent on the Obamas’ Hawaii idyll, bringing [...]
Sony is releasing its first ultra-high-definition television, a massive 84-inch set that retails for $25,000 (£15,614) and features nearly four times the resolution of typical high-definition TVs
Ultra HD is widely regarded as the next evolution in TV technology
‘The Amazing Spiderman,’ ‘Taxi Driver’ and ‘The Karate Kid’ are getting some real resolution.
The new, restored and rebooted films from Sony Pictures are among the content coming pre-loaded on a video player bundled [...]
Over at the Washington Times, Jim McElhatton has written a story about the exorbitant prices the federal government pays to memorialize cabinet members and other bureaucrats who do the people’s work by commissioning paintings of themselves.
The Environmental Protection Agency spent nearly $40,000 on a portrait of Administrator Lisa P. Jackson, while a painting of Air Force Secretary Michael B. Donley will cost $41,200, according to federal purchasing records. The price [...]
Jennifer Rizzo
cnn.com
November 20, 2012
An all-out U.S. war with Iran, including an invasion by American troops, would cost the global economy close to $2 trillion in the first three months and could go as high as $3 trillion, according to a Washington think tank.
A full-scale ground operation to dismantle Iran’s nuclear program is unlikely but the scenario is just one of a handful that a group of nine experts, assembled by [...]
$5 Trillion Price Tag for Public Pensions (U.S.News & World Report)
“As strapped state and local governments scramble for ways to balance their budgets, it’s become very clear that it will be impossible for many to honor their pension promises to new employees and even current retirees. According to a recent economic study, the cost to fully fund these promises would cost taxpayers $5 trillion over a 30-year period, or nearly $1,400 [...]
(CNSNews.com) – If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676.
That is more than the $130,468 average price tag for four years at a private college or the $173,100 median price for an existing one-family home in the United States.
During the time Barack Obama has been [...]
The vast destruction wreaked by the storm surge in New York could have been prevented with a sea barrier of the type that protects major cities in Europe, some scientists and engineers say.
The multibillion-dollar price tag of such a project has been a hindrance, but may appear more palatable after the damage from Superstorm Sandy has been tallied.
‘The time has come. The city is finally going to have to face [...]
The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.
The total sum taxpayers spent on federal welfare programs was derived from a new Congressional Research Service (CRS) report on federal welfare spending — which topped out at $745.84 [...]
There are only 150 Lamborghini Gallardo LP570-4 Super Trofeo Stradales in the world, making it one of the rarest cars on the road.
And with a price tag of more than $300,000, it hardly seems surprising why.
But for one 15-year-old girl in Dallas, it is just her transportation of choice on the daily commute to and from school.
Hot wheels: A 15-year-old girl near Dallas showed up to school with a Lamborghini [...]
With its huge reflecting pools, ringed by waterfalls and skyscrapers, and a cavernous underground museum still under construction, the National September 11 Memorial and Museum at the World Trade Center is an awesome spectacle that moved and inspired some 4.5million visitors in its first year.
But all that magnificence comes with a jaw-dropping price tag. The foundation that runs the memorial estimates that once the $700million project is complete, the memorial [...]
From Bloomberg:
About 140 years ago, a retailer named John Wanamaker figured his customers and salesmen had better things to do than spend hours haggling. His invention: Assigning one price, “plainly marked,” to every product.
The price tag caught on nearly everywhere with one major exception: financial services. Investors still have a surprisingly difficult time figuring out what they’ll pay for financial advice, for mutual funds and especially for their retirement plans.
New [...]
MIAMI (CBS4) — Some South Florida drivers double checked their gas bills as they pulled away from the pumps ahead of Tropical Storm Isaac and wondered why it cost so much to fill up.
It’s no surprise now to learn the State of Florida could be very busy with alleged price-gouging cases around South Florida.
Cory Davis thinks the $4.49 a gallon price tag of regular unleaded at his local North Miami [...]
From AP:
…
What a way to end a games far more successful than many Londoners expected. Early security glitches were conquered with the help of the military, road traffic was manageable and the wettest early summer on record gave way to mostly sunny skies. More importantly, British athletes overachieved.
It all came with a price tag of $14 billion – three times the original estimate. But nobody wanted to spoil the fun [...]
Teachers in Buffalo are getting plastic surgery on the tax payer’s buck, it has been revealed.
Tummy tucks, liposuction and Botox are all part of the controversial one of a kind health plan.
The teachers themselves claim to be the lowest paid in the state, and say that they deserve ‘a little something extra’, describing the procedures as ‘a perk’.
Benefits: The teachers themselves claim to be the lowest paid in the state, [...]
Five-bedroom property is one of few from lavish Candy & Candy development to have reached open market
Eighth-floor apartment boasts panoramic views of Hyde Park and Knightsbridge
Development saw one flat sell for £136m last year
Buyer will join roll call of billionaire residents in one of London’s lowest council tax brackets
It is a central London pied-a-terre with a price tag that only the world’s richest can afford to pay. A lavish apartment [...]
WASHINGTON — Field workers for President Obama’s campaign fanned out across the country over the weekend in an effort to confront a barrage of new voter identification laws that strategists say threaten the campaign’s hopes for registering new voters ahead of the November election.
Many of the laws in question — including the ones in Florida and Wisconsin — are the subject of legal challenges by Democratic groups who say they [...]
If you’re thinking about buying a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle as a way to save money over time, do your homework — or be prepared to wait.
Buyers who choose Nissan’s all-electric Leaf ($28,421) over its approximate gas-powered equivalent, Nissan’s Versa ($18,640), will likely wait nearly 9 years until they break even, according to a new report by The New York Times that examines the cost of fuel efficiency.
For drivers of [...]
Nine justices, weighing health insurance mandate, will calibrate the government’s reach.
..Why is the law so unpopular? The coverage mandate is one reason. Another: The exorbitant cost to American taxpayers.
Remember how the Democrats in Congress scrambled to keep the projected price tag for the health care bill under $1 trillion?
Now the real numbers are lumbering into view. The Congressional Budget Office recently issued a new spending estimate for the health law’s [...]
From The Burning Platform:
… The Congressional Budget Office has extended its cost estimates for President Obama’s health care law out to 2022, taking in more years of full implementation, and showing that the bill is substantially more expensive – twice as much as the original $900 billion price tag.
In a largely overlooked segment of the CBO’s update to the budget outlook released Tuesday, the independent arm of Congress found that the [...]
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