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Welcome, On an island

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Joined on 2/7/2012

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ArticleCommentsCOMMENT

Article Comment

Most of these drugs you can get in Canada or Western Europe for 10% to 20% of the stateside cost.  The problem is that government programs like Medicare and programs  under the affordable health care act will not defer any of that cost.  The reason these drugs are so expensive in the US is the legal system targets thes...more
2 days ago
Top StocksCOMMENT

It's a correction, even in Japan

Jim, Normally I would agree with you but today I found two letters from Congressman Boehner written on Department of the Treasury stationary.  The first dated April 17 expresses concern about the elimination of the debit ceiling by congress.  The second dated April 20 states that the federal government and US postal se...more
2 days ago
Top StocksCOMMENT

3 reasons to resist panic selling

Until someone in congress explains what is going on with the debit limit, panic will ensue.  Evidently congress suspended the debit  limit on April 17th.  The foreign press got hold of this information (it has not been reported in any US publication that I can find) about noon EDT on Monday and the markets started to d...more
2 days ago
Top StocksCOMMENT

Brace yourself for some profit taking

Jim, Your missing the big picture.  The stock market started to drop on Monday at 12:00 as soon as foreign news sources reported that congress had eliminated the debit ceiling.  I have seen no US source reporting this action, but apparently a lot of the foreign money which has been inflating both the stock and bond mar...more
2 days ago
ArticleCommentsCOMMENT

Column: Why pension funds are eating you...

It has long been known that investments with different objectives will yield different returns. Corporate retirement accounts have a fixed input and output schedule and an objective of minimizing risk over a 40+ year spectrum.  A 401K plan tends to maximize returns over 20 year or less spectrum. Not only are the object...more
3 days ago
moneyNOWCOMMENT

Models have it easier getting into US th...

Both Microsoft and Boeing use the H-1B visas to hire engineers at wages below state and federal minimum wage.   Russia supplies most of the engineers as part of a technology transfer program (read industrial espionage) .  Congress and the state department rubber stamp these visas even though there is no shortage of tra...more
4 days ago
Top StocksCOMMENT

Inside Wall Street: Enjoy the Dow's ride...

He hasn't followed the Microsoft mantra of killing old people and taxing the poor ... yet.
5 days ago
Top StocksCOMMENT

A pile of simply horrendous advice

Jim, you might want to rewrite the article.  Congress just eliminated the limit on borrowing writing themselves $300 billion in credit for today.  Reported by foreign press only but the stock market immediately reversed direction.
5 days ago
Smart SpendingCOMMENT

5 credit card fees you shouldn't pay

Yes Elmer, The author does not seem to know what he is talking about. 1. You only pay an annual fee if you get more in return than the fee costs. 2. As far as I know only one company does not charge foreign transaction fees.  Even foreign banks charge foreign transaction fees on US cards.  3. The only sure way to av...more
5 days ago
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