September 15th, 2012
Most JFK assassination literature doesn’t mention the Passamaquoddy tidal power project:
“Each day, over a million kilowatts of power surge in and out of the Passamaquoddy Bay. Man needs only to exercise his engineering ingenuity to convert the ocean’s surge into a great national asset.”
That’s JFK from July 16th, 1963, four months before the big day in Dallas.
Forty nine years later…
A new analysis by Stanford researchers reveals that there is enough offshore wind ...
From BBC News:
After almost 60 years, Coca-Cola is on sale again in Burma. It’s one of the world’s most recognised brands, so are there any countries where the drinks giant still remains unsold?
Coca-Cola says it sells 1.8 billion servings of the drink every day. But for the last six decades, none has been in Burma.
That’s because of US trade sanctions on the military junta which ruled the country from 1962 to 2011.
Those sanctions were suspended a few months ago, ...
Chinese investment in Australia almost doubled last year as the world’s second-largest economy flexed its economic muscles abroad, according to new data from the Ministry of Commerce.
Recent Chinese investment in Australia includes the sale of Australia’s largest cotton producer, Cubbie Station, to a Chinese-led consortium, approved by the Foreign Investment Review Board on Friday.
Chinese companies – both private and state-owned – invested a total of $3.2 billion in Australia in 2011, an 86 per cent increase from 2010. Australia is ...
Apple Inc’s worldwide legal crusade against the Android mobile operating system drew toward a climax on Tuesday as the iPhone maker’s attorneys accused Samsung of taking a shortcut by copying Apple’s designs after realizing it could not keep up.
Closing arguments were delivered at trial between Apple and Samsung Electronics Co Ltd in a federal court in San Jose, California. The jury will begin deliberating on Wednesday.
Samsung attorney Charles Verhoeven countered by urging jurors to consider that a verdict in favor ...
Michael Edesess at advisorperspectives.com
August 7, 2012
If all the money that’s ever been invested in hedge funds had been put in Treasury bills instead, the results would have been twice as good. So claims Simon Lack – a former JPMorgan executive whose job was once to help steer billions into hedge funds – in his recent book, The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True.
You’d think hedge fund advocates would ...
Retirement Vulnerability of New Retirees in Illinois : Middle-class households in Illinois nearing retirement face a high risk of outliving their financial assets. With fewer workers having guaranteed sources of retirement income, households approaching retirement in Illinois face increased longevity, investment and inflation risk with less lifetime guaranteed income.
Read more : http://www.paycheckforlife.org/uploads/ASR%20ILLINOIS_revised%20for%20Web.pdf
Inflation: Given just a 6% average rate of inflation during your retirement years: The cost of maintaining your lifestyle will double approximately every 12 years. (Rule of 72: 72/6% inflation = 12.0 years))
Two people age 65, the actuarial odds are even money that one will live to age 96. This suggests that a teacher retiring at age 55 and requiring $5,000 per month to maintain their lifestyle, will, at age 85, require $20,000 per month to ...
Social Security Offset for educators and other government pensioners
Two-thirds Spousal Offset
Retirement planning is all about the surviving spouse. In the first example a non-educator and an educator are compared as spouses of social security recipients. Neither spouse has earned any social security benefits of their own. Spouse “A” is a non-educator receiving a $3,000 monthly pension. Spouse “B” is an educator receiving a $3,000 teacher’s (government) monthly pension.
Impact at ...