I agree!!!
Money Matters - Part 14
Markets should be fun tomorrow!!
"A recent survey by AAA finds a strong likelihood of consumer confusion and the potential for voided warranties and vehicle damage as a result of the Environmental Protection Agency’s (EPA) recent approval of E15 gasoline. An overwhelming 95 percent of consumers surveyed have not heard of E15, a newly approved gasoline blend that contains up to 15 percent ethanol. With little consumer knowledge about E15 and less than five percent of cars on the road approved by automakers to use the fuel, AAA is urging regulators and the industry to stop the sale of E15 until motorists are better protected. "
Yikes, my newest vehicle is a 1993!
Junker cars are going for $350 to $400 here.
This message was edited Dec 31, 2012 10:19 AM
The Sheetz gas station up in Wytheville has been selling E15 about a year, and they have a HUGE sign by that pump warning of the dangers of vehicle damage and voided car warranties.
Trying to force people to buy electric cars?
No surprise with this gov and this EPA.
Accountant did a "pre" review of our taxes and realized she screwed something up with our taxes last year I had to pay the state almost $1200.00 booooo!!!!!
As I expected, the cliff deal contains taxes but no cuts. The GOP falls for this now for the third time. First with Reagan, then with Bush Sr. and now once again. A promise to look into cuts at a later date. Only 'good' thing is the higher threshold for tax increase.
Where we are:
"Consider, for example, these seven “firsts” for the U.S. economy:
1. All-time record annual average gas price: In 2012, the average cost of a gallon of gas eclipsed the previous record by nine cents, bringing the annual average to $3.60.
2. All-time record food stamp participation: As of last month, for the first time in American history, 47,710,324 individuals -- roughly one out of every seven people living in the United States -- now receive food stamps.
3. All-time high youth unemployment: In the last four years, average youth unemployment eclipsed the previous record rising to 17.5% -- the highest ever in recorded U.S. history.
4. All-time high number of Americans no longer in the labor force: Never before in U.S. history have so many been sidelined from the workforce. Today, a record 88,921,000 Americans are no longer a part of the U.S. labor force.
5. All-time record number of Americans collecting disability: Medical advancements and technological innovations have increased life expectancy and made workplaces safer. Still, the number of Americans collecting Social Security Disability Insurance (SSDI) has skyrocketed in the last four years. Today, a record 8,827,795 individuals collect a disability check averaging $1,130.34 a month.
6. All-time record number of Americans living in poverty: According to the U.S. Census Bureau, a record 46.2 million people in America are living in poverty, the highest number in the 53 years that the Census Bureau has collected the figure.
7. All-time record U.S. debt: The last four years have exploded the U.S. debt to levels never seen before in American history. Presently, the United States is $16,400,000,000,000 in debt.
Will America continue on its present economic trajectory in 2013? Here’s hoping not."
I'm with you with the hoping not, Victor!
Same here. On a brighter note, I sold another scarf. Only one left in the shop.
Yay Jan!
Well, well... Victor has a birthday. Hope it's a happy one.
Thanks, d.
Tax hike in fiscal cliff deal in perspective.
Not surprisingly, market overreacting to 'good news' of fiscal cliff deal. Tomorrow they will realize it was unjustified.
Will they?
The Stock Market "Jitters" are over till the next cliff coming in March.
$1,130.34 a month for SSDI? My husband could stay home & do automotive jobs on the side & make more money. He charges 40 per hour and dont make that at the sawmill. In the summer time 60 per hour on the excavator & red tractor.
February is the next 'crisis' - the next episode of the debt ceiling debate. Stay tuned.
Beginning of March is fiscal cliff part 2 - the supposed 'cuts', as well as the next continuing resolution to keep the gov 'working', since we don't seem to do budgets anymore. Twilight Zone.
They should be doing it now. They will put a patch on it and start over utill they have to, Feb, March whatever. Like they did last year & the year before and come out with a fix on the Last Minute, Like they did Monday.
The Washington DC idots have to go on a Catastrophic Diet to stop spending and get the budget balanced. They need to get locked in DC & given no food till they SMARTEN UP.
Cant keep going the way its going.
As with the Sandy bill, the fiscal cliff deal is filled with unrelated crap. It never ends.
http://washingtonexaminer.com/tim-carney-how-corporate-tax-credits-got-in-the-cliff-deal/article/2517397#.UOTZPHy9KSO
It all a bunch of baloney. And yet where is my outrage? I just feel like even writing my reps would be a joke to them. If things ever got really hot, they all have enough money to jump ship and move to Ecuador.
That graph has a crushing effect, Victor.
Same here, Sally. I feel like a lamb being led to slaughter.
Ha - no surprise here. As I have said, Google is very close to this admin. Wonder if, now that Geithner said he is leaving by the end of the month, if the Google CEO's name will be back in the mix.
http://www.politico.com/story/2013/01/google-dodges-bullet-as-ftc-closes-probe-85724.html?hp=l7
The sale of Al Gore's Current TV to Al Jazeera is precious. Mr. oil hater himself just pocketed 100 million by selling to a company owned by Qatar, which gets just about all its wealth from oil.
Hmmm... Camp David doesn't suit? I guess I would be more sensitive to what the total cost would be.
Yeah, crazy. 7 million.
So after all the BS, middle class gets hit harder under this deal.
http://www.dailymail.co.uk/news/article-2256972/Middle-earners-hit-hardest-revealed-workers-making-30-000-bigger-hit-earning-500-000-new-fiscal-deal.html
Middle class doesn't riot in the streets, or starve eating cat food in an unheated apartment, or burglarize. We just suck it up.
baaa, baaa
From someone on Twitter:
"The horrors of not going to college: 19 y/o nephew (1 year vo-tech diploma) just landed a tech job with Bell Helicopter. $47 per hour."
Vo tech is highly underrated
Lackluster jobs report again. Official Unemployment rate is 7.8%, but real one is 14.4%. Labor participation rate is dismal 63.6%. 22.7 million Americans without a job.
Hubby went to vo tech
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