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4k TV: A Truly Dumb Expenditure

Written by Gary North on January 7, 2015

TV-4k

Buying a 4k TV is like buying a sound system that offers a range of 20Hz to 20KHz. By the time you can afford it, you can’t hear above 12 KHz. Rule: never pay more for a sound system if you can’t hear the difference. Rule: never pay more for a TV high definition screen […]

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A $75 1957 Truck Bought in 1976 Is Still Rolling Along

Posted on January 3, 2015

When Bob Sportel spent $75 on a Chevrolet pickup, he had no idea it would still be trucking along just fine 38 years later. Sportel drove the 58-year-old truck to his job at Prinsburg Farmers Co-op in Prinsburg, Minnesota, for nearly four decades before he finally retired this week. He bought it from a farmer […]

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Tax Hikes Needed to Pay for Pensions/Health

Posted on December 24, 2014

tax-hikes

The city of Lebanon, Pennsylvania just passed a budget that contains a 28 percent tax increase. . . Lancaster’s pension obligations have increased by 228 percent since 2006. That year, city pension obligations amounted to $1.9 million, covered almost entirely by the state. For 2015, the obligations will be $6.4 million — nearly $4 million […]

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Michael Vick Pays off an $18 Million Debt

Written by Gary North on December 23, 2014

michael-vick

Pro football player Michael Vick could have fled for Chapter 7 and escaped this burden when he was in prison. Instead, he filed for Chapter 11 — reorganization. He has just about paid it off. He became a Christian in prison. He worked with former Colts Coach Tony Dungy to get back on track. He […]

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Ferguson’s Post-Riot Solution: Hike Fines

Posted on December 22, 2014

Ferguson-police

Ferguson, Missouri, which is recovering from riots following the August shooting death of an unarmed black teenager by a white policeman, plans to close a budget gap by boosting revenue from public-safety fines and tapping reserves. The strategy by the St. Louis suburb, which suffered a second round of violent protests last month after a […]

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Embassy Library in Burkina Faso Gets $80,000 In Interesting New Additions

Posted on March 18, 2014

As reported by the Washington Free Beacon, the State Department is spending U.S. tax dollars on some interesting titles to stock the library of the American Embassy in Ouagadougou, Burkina Faso. The library, which specializes in “U.S foreign Policy, U.S. social and cultural issues, Art, Management, U.S. history, geography, the Economy, Human Rights, Press and […]

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An Inexpensive State For Retiring On The Beach

Posted on March 8, 2014

Alabama-Beach

Retirees seeking the retirement trifecta — golf, the beach and warm weather — often flock to pricey places like Hilton Head, Palm Beach or Santa Barbara. But sugar-sand beaches, sunshine and some of the best golf in the nation can be had at a much lower price in Alabama. The northern part of the state […]

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Obama Trying To Drop Hammer On Retirement Planners

Posted on February 22, 2014

Obama-Changing-Retirement-Accounts

President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% […]

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House Votes to Give Obama Relief.

Written by Gary North on December 13, 2013

House Republicans fell in line. They voted to drop the sequester that Obama had agreed to in 2011. This was a major symbolic victory for the Democrats. The Republican leadership is no longer a threat on the deficit issue. As for the Tea Party, about one quarter of voters are favorable, a quarter are opposed, […]

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