Tag Archives: Money

RIP: The Euro?

By C.G. | Published: November 25, 2011

Once unthinkable, now possible: “Banks including Merrill Lynch, Barclays Capital and Nomura issued a cascade of reports this week examining the likelihood of a breakup of the euro zone. “The euro zone financial crisis has entered a far more dangerous phase,” analysts at Nomura wrote on Friday. Unless the European Central Bank steps in to [...]

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How To Solve The Deficit In 5 Minutes

By C.G. | Published: July 8, 2011

Warren Buffett: “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.” Not likely to happen but if there is anyone I’d love to see as Treasurer or Federal [...]

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The True Cost of Smoking

By C.G. | Published: June 8, 2011

The Incidental Economist looks into what the personal cost of smoking is for the average 24 year old. The chart below is an estimate of the personal cost of smoking – it ends up being about $33 per pack. But when you add external factors, it goes up to $40 a pack. While these figures [...]

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UK Gambling Shares Up, US Down After Crackdown

By C.G. | Published: April 18, 2011

The US government “seized” US gambling sites just before the weekend claiming they were illegal. They’re seeking $3b in civil money laundering fines. UK gambling sites, on the other hand, appear to be benefiting from the action. Shares of Bwin are up over 30% as of this screen capture but are up 31% as I [...]

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Only 16 Cents On The Dollar

By C.G. | Published: February 27, 2011

According to the USDA, only 16 cents of every dollar spend on food goes to the farmers. Everything else does to marketing, packaging, legal, transportation, and other expenses. Overall, the USDA’s report noted that the farm share component of food dollar expenditures has decreased steadily over the past twenty years, from just over 18 cents [...]

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