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Archive for January, 2014

The Price of Political Influence

Sunday, January 26th, 2014 Leave a comment

Here is a chart that shows lobbying expenditure of selected tech companies in the United States in 2013. As you can see, AT&T, Google, and Microsoft invested the most U.S. dollars on their lobbying efforts.

 

Statista_chartoftheday_673_Lobbying_expenditure_of_tech_companies_in_UnitedStates

 

Source: Statista

A Complete History Of Quantitative Easing In One Chart

Sunday, January 26th, 2014 Leave a comment

The chart below illustrates the complete history of the Federal Reserve’s quantitative easing program, along with Goldman Sachs’ forecast for how “QE3” will be wound down.

QEprogram_2014-01-25 at 3.55.45 pm

 

Source: Business Insider

Currencies of Natural Resource Exporters Under Pressure

Saturday, January 25th, 2014 Leave a comment

Some of the largest natural resource exporters with floating exchange rates have seen their currencies come under significant pressure over the past year. The currency selloff was triggered, in part, by a decline in demand for natural resources and news of slower economic expansion in China.

 

CreditWritedowns_currency performance

 

Source: Credit Writedowns

Market Caps of Individual Companies vs. Entire Countries’ Listed Firms

Friday, January 24th, 2014 Leave a comment

Check out this interesting map via The Economist:

 

Economist_marketcap20140118_FNM966

 

Hat Tip: The Big Picture

New York’s AG Schneiderman Expands Financial Crimes Unit

Sunday, January 19th, 2014 Leave a comment

New York Attorney General Eric Schneiderman is expanding an existing criminal bureau to focus more on financial wrongdoing. Gary Fishman, 44, a former state prosecutor in the Manhattan District Attorney’s Office, will serve as chief of the Criminal Enforcement and Financial Crimes Bureau, an expansion of the Criminal Prosecutions Bureau.

Here are more details regarding the new bureau from USA Today:

The attorney general’s new bureau will focus on fighting complex financial crimes in banks and financial institutions, as well as securities and investment fraud, money laundering, mortgage fraud, investment schemes and insurance fraud. It will probe “illicit financial activities” and track the flow of suspicious funds to identify trends and help investigators, according to the statement.

Schneiderman’s office has the power to initiate criminal investigations and prosecutions on its own or at the request of the government or state agencies such as the Department of Financial Services, according to its website.

 

Source: USA Today

States With No Income/Wage Tax

Sunday, January 19th, 2014 Leave a comment

It is hardly disputed that most people want to keep as much of their income as they can. Based on that premise, here is a list of states where one can legally avoid paying state income/wage taxes. Good luck if you decide to move!

  • Alaska (no sales tax either)
  • Florida
  • Nevada
  • South Dakota
  • Texas
  • Washington
  • Wyoming (no corporate income tax either)
  • New Hampshire (does not tax wage income but does tax residents’ dividend and interest income)
  • Tennessee (does not tax wage income but does tax residents’ dividend and interest income)

 

Source: Bankrate

Quote of the Day

Saturday, January 18th, 2014 Leave a comment

“There’s no such thing as a free lunch.”

— Milton Friedman

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