Friday, October 11, 2013

Will Exxon survive?

Will Exxon survive without our subsidies?
Since our “representatives” have cut money to dead and disabled vets, I am assuming oil, gas, agribusiness and other subsidies have been cut. Although these political hacks get paid and can still go to their gym daily, it is interesting to see what they keep funding. Ranchers lost cattle in the storms but no insurance that we subsidize. Small businesses in every state are losing their high-season tourist profits since parks are closed. Yet the tea party says fight on. Who are they fighting again?
The enemy is us!

Are you wary to talk about money?
No surprise. Americans aren’t really sure whom to trust when it comes to financial advice, and that they are generally uncomfortable speaking about money, according to a new survey. The survey also found that 37 percent of respondents said they don’t like talking to anyone about their finances. In addition, 40% think financial advice costs too much, 33 percent said they don’t have time to find proper financial advice and 58 percent say they would prefer to get financial advice from a single place. A total of 43 percent of Gen Yers (under age 30) said they lack adequate retirement planning information, the survey found. Trust is the key and Madoff proved it works. Do it yourself is better:

Survey says homeowners’ premiums differ 188%
There was a 121 percent difference between the highest and the lowest home insurance quotes. asked 4 companies in 15 cities. One insurer's rate was nearly three times what another would charge. Shop and buy only what you need with discounts:

Can you save premium on your auto insurance?
Increasing your insurance deductibles from $250 to $1,000 could reduce your comprehensive and collision premium by as much as 40 percent. Increase your emergency fund with the premiums you save. Save another premium by dropping the life and accident medical coverage—you don’t need it if you already have life/health insurance. Use 15 other discounts from

Is critical illness insurance right for you?
Critical illness insurance: an insurer makes a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation. The policy language is very specific in order to limit payouts. Some pay the hospital directly. Typically, most procedures and illnesses are covered by your comprehensive policy so this policy is really a very expensive savings account. ObamaCare requires no-limit policies. Make sure you have a stop-loss in your comprehensive policy to limit your bills:

Washington could balance the budget if corporations paid their share
The top Fortune 50 firms have put $743 billion in profits in offshore accounts to avoid taxes here. While addressing the foreign tax havens has gained a lot of chatter, few elected officials have taken any action for fear of alienating corporate titans who can hold the key to national political careers. Critics say too many companies are using dummy corporations overseas to hide profits. Use your IRS-approved tax-FREE account too:

ObamaCare: a disaster?
Kentucky health officials thought they might get a handful of serious shoppers on Kynect, the new online insurance marketplace the state created under President Barack Obama's health care law. "We weren't even hopeful that a couple hundred people would apply," said Carrie Banahan, Kynect's executive director. By the end of the week, more than 16,000 Kentucky individuals and families had begun online applications to get health coverage next year.
And in Paul & McConnell’s state? But Cruz said Americans hate ObamaCare. California said 28,699 people were signed up in the state’s health-insurance exchange in the first week, while New York had more than 40,000 sign up. 

LA homeowners face increase
State Farm is raising Louisiana homeowner rates an average of 8.7 percent statewide for its nearly 308,000 policyholders. Time to shop discounts:

FL bans Texting
Florida is joining 40 other states in the U.S. where it is illegal to text and drive.
The ban is one of more than two dozen laws passed by the Republican-controlled Legislature scheduled that kicked in on Tuesday, Oct. 1. The prohibition on Texting while driving comes after several years of trying by legislators. Previous attempts stalled in the face of House Republican opposition, with conservative members worried about government intrusion into people’s lives. You can’t be stopped for Texting by itself but the law may deter accidents.

Most employers keeping current health plan while reform law plays out
Employers and brokers should ignore the rhetoric surrounding health care reform and focus on the law. Few changes in the law are expected until the January start date.

Food and safety inspections NOT done--BEWARE
The partial shutdown of the U.S. government has sidelined thousands of inspectors who monitor everything from air and water pollution to safety hazards at factories and the condition of nursing homes. Federal law requires agencies to retain workers whose jobs are critical. The cutbacks mean safety regulators can’t do routine inspections of high-hazard workplaces such as chemical plants, the Nuclear Regulatory Commission can’t conduct full oversight of the nation’s nuclear power plants and the main federal highway safety agency can’t probe a recent Tesla Motor Inc. electric-car fire.

US reneges on our promises to those who serve
Fisher House Foundation will take over our duty to provide the money to bury our soldiers fallen in war. Not considered an important expense, the Fed’s shutdown ends death benefit payments but keeps the Congress’s gym open.
How can this happen in America?

States shutting down—GOP losing support
About a third of the $1.7 trillion that states spent in 2012 came from federal sources, according to the National Association of State Budget Officers. Michigan is preparing to put as many as 20,000 workers on unpaid leave and eliminate cash and food aid to the poor. “You send people to D.C. to work,” South Carolina Governor Nikki Haley, a Republican who drew support from the Tea Party movement, said Oct. 8 at a luncheon for business and civic leaders in North Charleston. “You don’t send them to shut something down. So I am frustrated with both the Republicans and the Democrats. There are no saints in Washington right now.”

SCAMS           “Deficits don’t matter” Republican godfather, Dick Cheney, 2002

Workers laid off will get paid—what was the purpose?
Did not save money. Did not stop ObamaCare. Did cost small business that serve workers—lunch, gas, etc—millions per day.
A partial shutdown of the federal government will cost the U.S. at least $300 million a day in lost economic output at the start, according to IHS Inc. It depresses confidence and spending by businesses and consumers.
The Pentagon said on 10/5 it would recall the vast majority of some 350,000 civilian Defense Department employees sent home during the government shutdown, in a move that could greatly lessen the impact of the shutdown on America's armed forces.

UT pays $1.6M to open parks to support small businesses despite GOP
"Utah's national parks are the backbone of many rural economies and hard-working Utahns are paying a heavy price for this shutdown," Herbert said in the released statement. October is an especially profitable month for Utah's national parks, since optimal weather attracts a high volume of tourists. Typically, officials estimate a $100 million yield for the month.” UT will actively pursue timely repayment to state coffers. Rural voters still blame ObamaCare.

Scams by the best: notice these signs; ask for it in writing always

Who owns your account now?
Forethought Financial to Global Atlantic Financial

41 Watchung Plaza, B242
Montclair, NJ 07042

No comments: