Tag Archives: Government

Keep both government insurance and Medicare Part B?

Retirement advice and news – CNNMoney.com

US Government Sticks With BlackBerry, Obsolescence

Who would've thought the outfit that almost passed SOPA and PIPA had an aversion to new technology?    As the majority of government representatives has to be spoon-fed even the most basic technological rundowns prior to potentially devastating bills or measures it stands to reason that their digital knowhow ends right around accessing their AOL (AOL) email through IE6 (MSFT) without accidentally formatting their hard drives. So if they were given a device as a means of communication and said device had fallen out of favor roughly two to three years ago they might have a hard time letting …
Minyanville – Daily Feed

Government Bonds Yielding 8.7%

I’ve found a select group of government bonds that are paying yields more than double what you can find here in the United States.
Recent Articles on GlobalDividends.com

Government to Take on Royal Mail Pension to Pay Down Debt

Chancellor George Osborne will use a 28 billion pound ($ 44.36 billion) asset transfer from taking on the Royal Mail’s pension fund to pay down government debt next year, a government source said on Sunday.
NYT > Retirement

The Press and Government Now Consider a Family Earning $45,000 To Be Low Income

If any of you saw your local newspaper or favorite national news outlet this morning, you might have come across an article by Hope Yen of the Associated Press called Census Shows 1 in 2 People Are Poor or Low-Income.  In it, the reader is subjected to what are meant to be frightening facts and figures about the state of poverty in the United States; how we have some how devolved back into post-Industrial Revolution England as street urchins out of a Charles Dickens novel grovel in the streets next to super-rich textile barons wearing diamond-encrusted cufflinks.

Typical American Family with Two Kids Now Classify as Low IncomeThe article explains that low-income is typically defined as those earning between 100% and 199% of the poverty level.  With a little bit of research, it isn’t hard to discover that in 2011, the poverty level for a married couple with two kids was $ 22,350, meaning that this typical household would be considered low-income if it was earning $ 45,000 per year.  To put that into perspective, such a family would be in the top 1.72% of income in the world.  It would be richer than 983 out of every 1,000 households on the planet. That is how we are defining low-income now.

Only in the United States can you rank in the top 1.72% of global income, enjoy heating, air conditioning, two cars, cell phones, video game systems, and high definition televisions and be considered low-income.  Only in the United States can a member of the press, in sincerity, publish an article that essentially states the median family with a near median income in one of the richest nations in the history of the world is low-income.  The sense of historical, and global, perspective is entirely lacking for two reasons: Envy and Ignorance.

When most reasonable people hear about low-income or poverty households, they think of struggling senior citizens who can’t afford heat in the winter or a single mom with three kids holding down two jobs just to keep her family from going hungry.  That is poverty.  That is the sort of thing we need to protect against as a society.  That is why we need to create upward ladders of social mobility and downward safety nets of social protection such as food banks, shelters, and work training programs.

By reclassifying such a large percentage of the population as poverty-stricken or low-income, the psychology of what will happen is not a mystery.  Familiarity and donor fatigue will kick in and the middle and upper classes, seeing that “poor” people are able to afford things like the occasional Playstation or Disney World vacation will have less of a problem ending those important social programs.  The “why should I work while they get the benefit” mindset will kick in and, in some cases, it will be justified.  Meanwhile, the true poor, the people who might be shivering under a blanket on nights when the windchill is -10 degrees Fahrenheit or who haven’t eaten in two days, suffer the most, getting lost as collateral damage.

“AA” Government Bonds Yielding 5%

While long-term Treasury bonds yield less than 3%, there is a special class of government bonds paying out significantly higher yields.
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Why the Government Pays Me $1,250 Every Month

Few people realize that investment opportunities like this even exist…
Daily Trade Alert

Greek Leaders Agree on Interim Government

NEW YORK (TheStreet) — The Greek president’s office said Sunday that Prime Minister George Papandreou and the leader of the opposition conservatives have reached an initial deal on an interim government, according to published media reports.

The office read a statement on Sunday night, saying that Papandreou will not lead the new government, according to an Associated Press report.

Leaders will hold talks Monday on who will make up the new government’s cabinet, the report added.


Americans Increasingly Reliant On Government Aid

In 2010, more than 18 percent of the nation’s total personal income came from entitlement programs such as Social Security, Medicare, food stamps, unemployment benefits and other programs, according to an analysis by USA Today. Wages made up the lowest share since government tracking began in 1929.

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NPR Topics: Your Money