From Mark Ford, editor, Creating Wealth: During the 20-year span of his career, Mike Tyson’s income exceeded $400 million. Yet, in 2004, before his 39th birthday, this amazing moneymaker was $38 million in debt… The faster money came in, the faster it went out. Stories about his profligacy are already legendary. Tyson employed as many […]
The war drums are beating again… Fox News reports Russian fighter jets intercepted a U.S. reconnaissance plane operating over the Baltic Sea last week. (The Pentagon says the Russian interceptor got within 20 feet of the American plane.) It didn’t take long for the media spin machine to kick into high gear. A “Russian Aggression” […]
Coffee behemoth Starbucks will now pay for most of its employees’ college educations… CNNMoney reports the only requirement is you must not already have a degree. About 70% of Starbucks’ workers do not have a college diploma… meaning about 140,000 people are eligible for a “free ride.” You don’t even need to work full time. […]
The Wall Street Journal reports the top 20% of earners in the U.S. pay 84% of the country’s income taxes. The bottom 40% of earners are net tax recipients. They receive payments from the government (i.e., the actual taxpayers). They receive this cash—through things like the Earned Income Credit—even though they have no income tax […]
The Caterpillar 793F-CMD “haul truck” is one of the largest dump trucks in the world. It’s over two stories tall. It weighs up to 375,000 pounds. And it can haul 250 tons of material per load. And now… it’s driverless. The Solomon iron mine in western Australia owns six of these gargantuan haul trucks. Each […]
Affordable Care Act (aka “Obamacare”) enrollment is hitting a wall… long before the program becomes sustainable. Investors’ Business Daily reports the Obama administration expected 1.2 million additional program enrollees to have joined by the end of April… but so far, only 36,000 have signed up. The health care exchanges need 75% participation in their respective […]
From Tom Dyson, publisher, the Palm Beach Research Group: I’m reading Chris Weber’s latest report. He’s one of my favorite investment analysts. He writes a newsletter called the Weber Global Opportunities Report. Chris’ gut is telling him the bull market may not keep going. He’s not doing anything about it, though. He’s not dumping all […]