Archive | Business

Postal Workers Might Pay for Own Salvation

Pulling the U.S. Postal Service (USPS) out of the Federal Employees Health Benefits Program (FEHBP) might prevent financial Armageddon, but that salvation could come at a high price to postal workers, according to the Government Accountability…

Read the full story

Posted in EconomyComments Off

How TIPS and Series I Savings Bonds Can Form a Powerful Tool to Combat Inflation and Provide Capital Preservation

For the very conservative investor who needs to combine both capital preservation and some protection against inflation, there are two securities that are superior to nearly all others in virtually every major respect: TIPS and Series I Savings Bonds.  They may sound boring at first, but used in conjunction for the right type of investor, they are the perfect tool for the job.  Here is an explanation of the reasons …

Source: About.com

Read the full story

Posted in InvestingComments Off

Selecting Assets for Your Capital Preservation Portfolio

Have you ever wondered which types of assets or accounts are appropriate for a capital preservation portfolio?  If you are a new investor, that’s normal.  It can seem confusing in the beginning.  This overview breaks down some of the different options you might consider based on the time horizon during which you think you might need the funds …

Source: About.com

Read the full story

Posted in InvestingComments Off

4 Keys to Intelligent Capital Preservation for Your Personal Portfolio

Checklists can be a useful tool.  For those of you with funds that you can’t afford to risk, this four-part rundown was designed to help you avoid major errors when putting aside money today that you will need in the future.  Take a few minutes to read and print it …

Source: About.com

Read the full story

Posted in InvestingComments Off

An Intro to Capital Preservation for New Investors

You may have heard the term capital preservation thrown around but not really understand what it means or the type of investments it entails.  For the new investors out there who want to understand what all of the checkmarks on the brokerage account application mean (that should be all of you), take a few minutes to learn what capital preservation is, what it seeks to achieve, what securities should be avoided, and some of the things that might make your list of potential holdings when opting for it …

Source: About.com

Read the full story

Posted in InvestingComments Off

Kia Hamsters

There’s Wacky. And There’s Crazy Wacky.

There is an increasing trend these days to produce ads that are wacky, crazy, insane and just plain stupid. The reason is simple: it grabs attention. And grabbing attention is essential. BUT, you must do it for the right reasons, and make su…

Read the full story

Posted in BusinessComments Off

Save 25% at Garage

Source: About.com

Read the full story

Posted in FinanceComments Off

BuyCostumes.com New Coupon Offer

Source: About.com

Read the full story

Posted in FinanceComments Off

Save 30% on Geeky Clothing

Source: About.com

Read the full story

Posted in FinanceComments Off

The True Cost of War

The U.S. announced it could launch air strikes against Syria as early as Thursday. That’s because the U.S. believes the Syrian government used chemical weapons on its rebels, killing 1,000 men, women and children.

Defense Secretary Chuck Hagel said any strike would be limited, such as cruise missiles that would strike specific Syrian military targets. These missiles would be launched from U.S. warships that have already been moved to the Mediterranean. It would not be massive bombing on Syrian President Bashar al-Assad. The action would be in partnership with allies in NATO and the Arab League. (Source: New York Times, Momentum Builds for Military Strike in Syria, August 27, 2013

How It Affects You

The Dow dropped 100 points, adding to its decline since August 2. (For more, see Dow Closing History.) Investors flocked to the traditional safe haven investments, gold and Treasuries. As a result, gold prices rose while Treasury yields dropped to 2.76%. Oil prices rose above $108 a barrel, as investors grew worried the conflict could escalate and create shortages. (Source: CNBC, Dow Drops 100 Points, August 27, 2013)

This potential conflict affects you in two ways, one short-term and one long-term. The short-term impact will be felt over the next few months, depending on how involved the U.S. becomes. This, of course, depends on the reaction of Syria and its allies, Iran, Hezbollah and Russia. The current unrest in Egypt could also be worsened, which has investors worried. Therefore, expect volatility in the next few weeks, which will drive stock prices lower and gold, Treasuries and oil prices higher.

The long-term impact may surprise you. Most analysts say that war is good for the economy. The theory is that defense spending creates jobs. This theory is based on the boost in U.S. economic growth from World War II, which many say ended the Great Depression.

However, times have changed. First, military spending is not the way to create jobs. A Brown University study estimated the cost of the Afghanistan, Iraq and Pakistan wars at $3.7 trillion, or $31,000 for every family in America. This counts benefits to disabled vets — nearly half of the 1.25 million who served have made health or disability claims.  It also counts the interest on the debt incurred to finance the wars — $185 billion.

A U Mass/Amherst study showed that $1 billion of military spending created 8,555 jobs and added $565 million to the economy. That sounds great until you compare it to other ways the money could have been spent. That same $1 billion given back to your family as a tax cut would have created 10,779 jobs and put $505 million into the economy as retail spending.

The best way to create jobs? Spend $1 billion on building mass transit. That creates 19,795 construction jobs and puts $880 billion into the economy. If you want to leverage that $1 billion in government spending into the best bang for the buck, try spending it on education. It puts $1.3 billion into the economy, while creating 17,687 jobs.

Even more important than the money are the lives disrupted. A quarter of a million people were killed, half of them Iraqi civilians.  The wounded total 365,000, while 7.8  million have been displaced.

As put so well by Reuters reporter Daniel Trotta:

In one sense, the report measures the cost of 9/11, the American shorthand for the events of September 11, 2001. Nineteen hijackers plus other al Qaeda plotters spent an estimated $400,000 to $500,000 on the plane attacks that killed 2,995 people and caused $50 billion to $100 billion in economic damages.What followed were three wars in which $50 billion amounts to a rounding error. For every person killed on September 11, another 73 have been killed since.

Perhaps it’s time to admit we can no longer afford the true cost of war. Tell us in How Much Should the U.S. Spend on National Security?

Related Articles

  • Current Military Budget
  • How Bin Laden’s Death Could Help the Economy
  • The War on Terror: Facts About Its True Cost

Connect with: NEWSLETTER | FACEBOOK | TWITTER | E-COURSE

Source: About.com

Read the full story

Posted in EconomyComments Off

See Fresh News

From Around The World

News By Month

News By Date

May 2017
M T W T F S S
« Sep    
1234567
891011121314
15161718192021
22232425262728
293031