Where are your US Taxes used?



CBSNews.com

Comments

Post a Comment

Popular posts from this blog

Our school system teaches virtually nothing about money !

RICH DAD ROBERT KIYOSAKI BLOG : "TUESDAY, MARCH 15, 2011 Our school system teaches virtually nothing about money Robert Kiyosaki : Robert Kiyosaki: ..... it is a value system, and it's something we learn as kids. So that's what 'Rich Dad, Poor Dad for Teens' is about because our school system teaches virtually nothing about money. Why, I don't know. I studied calculus for two years at school, and I never use calculus. But whether we're rich or poor or stupid, we're all going to use money. But our school system seems to treat money the way my poor dad treated money--was that money was an instrument of evil, it corrupted you and made you greedy, so they just didn't talk about money." International Comparison of Math, Reading, and Science Skills Among 15-Year-Olds Read more: International Comparison of Math, Reading, and Science Skills Among 15-Year-Olds — Infoplease.com
Read more

Death Spiral Financing at WaMu, Merrill Lynch, Citigroup

Mish's Global Economic Trend Analysis: Death Spiral Financing at WaMu, Merrill Lynch, Citigroup : "Quite unbeknownst to the general public at the time, downside protection was built into these equity raises to protect these investors. They are called “look back” provisions or “full ratchet” compensation. We believe it is more accurate to call them “death spiral” securities. They work as follows. The investors in the equity raise would have their investment “protected” by a provision which states that should the bank afterwards raise money at a lower price than what they paid, these investors would be compensated retroactively by having their initial investment priced at this lower price, thereby being issued new shares for free. It doesn’t take a mathematician to see how these provisions can result in massive dilution should the bank subsequently raise even a paltry amount of capital. A new offering will trigger a lower price because of the dilution it would cause, which would...
Read more