Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sunday, October 28, 2012

Where is Bob Marley's Money?

 Elizabeth Taylor surpassed Michael Jackson as the highest-earning dead celebrity in the past year, with her estate pulling in $210 million, much of it from the auction of her jewels, costumes and artwork, Forbes said on Wednesday.

Entrance Bob Marley Museum

Cartoonist Charles Schulz, who created the Peanuts comic strip, came in at No. 4 with earnings of $37 million, followed by reggae star Bob Marley with $17 million. "We count money coming into the estate and we don't deduct for how the estate handles it," Forbes said.

http://www.forbes.com/special-report/2012/1024_dead-celebrities.html (Reporting by Patricia Reaney, Editing by Christine Kearney and Tim Dobbyn)




Sunday, February 26, 2012

"United States has a big glut of crude oil sitting in the middle of the country"

Remove all regulations, give the Private sector what they want, government should get out of their way. Give the Private sector American Land, American waterways and American Territorial waters to let them drill! drill! drill!. The result an oversupply of American Produced Oil and rising Gasoline Prices!

Reuters
Right now, the United States has a big glut of crude oil sitting in the middle of the country, and no easy way to move it. The combination of surging production from Canada's tar sands and North Dakota's Bakken region has overwhelmed the existing pipelines to the Gulf of Mexico, where it would ordinarily be refined and shipped onto the global market. As a result, the price of American and Canadian crude oil is trading at a steep discount to varieties from elsewhere in the world. After all, with fewer potential customers, oil buyers can dictate friendlier prices. West Texas Intermediate, which is traditionally considered a benchmark variety of crude used to price other types, is selling for about $106 a barrel. But according to Oil Price Information Service analyst Tom Kloza, oil from North Dakota has recently been selling for around $83 a barrel. Canadian crude has been trading for even less. 


The United States is producing more oil right now than any other time in its history, The US oil and Gas consumption is at its lowest at any time in the past 10 years. There are millions of Barrels of Oil sitting all over the United States creating this surplus of Oil. Our refineries are running below capacity because the Oil companies refuse to bring these refineries up to maximum capacity. By the way these refineries were built in part by Tax Payers money on the very promise that if the government help to build these refineries the oil companies will be able to deliver gasoline cheaper.

There are many or all parts of this sinerio ordinary Americans like me seem not to be able to understand, it makes me feel stupid just to think that when we have lots of oil the price of gasoline goes up anyway. I used to think that if there is an over supply of a commodity  in the case of oil and there is less demand then price goes down. That used to be  Econ-101  and the way things are supposed to work in a normal free market society, as it currently is in the United States the beacon of free enterprise. But, there is nothing Normal about how things are in the US anymore, there is a place called Wall Street that the brightest people in the world work  and because of technology these people do not even have to be at wall Street to work there.
About $1.20 of  the cost of a gallon of gas is speculation.


Companies like Goldman Sacks according to Reuters, " Goldman Sachs is now urging investors to go long on American crude futures. In other words, the bank is telling it's customers to buy cheap while they still can". That means although America is producing more cheap oil than it ever has but the market is now and has been for some time controlled by speculators on wall street who through saber-rattling and corporate and political propaganda are able to create instability in the market place  and drive up the price of Oil. The people who produce Oil and Gasoline does not anymore make money from the Oil Production itself but from the rigging of the market place and Political gamesmanship.

 About $1.20 of from the price of each gallon of gasoline or oil based product purchased today has nothing to do with oil production and delivery at the Pump but with speculation by men in suits in offices who has never seen Oil Sands, never been on a rig would never be seen around oil production or delivery but hedge their bets on finding a way to deliver gasoline to the marketplace at the highest cost bleeding consumers of the last penny and some making themselves richer and even further removed from the plight of the people around them and the country they proclaim they love.


Tuesday, November 1, 2011

MIDDLE CLASS forced into New Posture

 From 26% unemployment or under employment, one trillion dollars in student Loans due, unprecedented Home foreclosure, Wall Street and the Banks praying on the public.
Middle class under attack

There are two Classes of workers in America  the middle Class the real growth engine of the economy and and the investor Class with access to capital who claim by some to be the,  "Job Creators". Today the middle class is in disarray and without Jobs medical coverage and loosing their homes. The Job Creators are sitting on the sidelines with over Three trillion dollars in Cash  complaining that there is too much uncertainty so the environment is not conducive to investment. The continued growth of the stock market and Corporate America reporting Record Profits debunk that myth and does not represent a poor investment climate. Ronald Reagan began to destroy the Middle Class in the 1980s attacking unions and any means of representation the middle Class had by the arbitrary firing of Air Traffic controllers who were exercising their legitimate right to strike.
  
. The tearing down of the middle class exploded after the 2010 Congressional and Local Elections effected by newly elected Republican Governors, Democrat Governors in conservative States and Republicans in congress and the Senate under the Phony Banner of balancing State Budgets. With forceful Legislative actions like those taken in the States of Wisconsin by Governor Scott walker and Ohio By Governor John Kasic.These Governors while taking benefits from Public sector workers gave enormous Tax cuts to the millionaires who funded their Elections.

Middle Class under Attack

Saturday, October 22, 2011

Get Money Out of Politics

Dylan Rattigan is a  Popular talk show Host and has dedicated some time to Get Money Out of Politics through Constitutional Changes

Today we face a crushing burden of foreclosures, dropping incomes, and a financial elite that has bought our government. The elite consensus is powerful enough to prevent change, no matter who is elected. The situation seems, at least in electoral terms, hopeless. Yet, America has been here before, and has shown remarkable resilience in the darkest of times.


Wall Street from New York Harbor

So just how do we get the debate we deserve? How do we root out the corruption, greed, and fraud in our system? Clearly, the root of much evil in our system of government comes from the financing of political campaigns by powerful interests. And the Supreme Court has said that money is speech, and thus, protected by the Constitution. So we must pass a Constitutional amendment to speak back to the Supreme Court, and assert the primacy of government by the people.

Wednesday, October 6, 2010

Politics of Abortion


Abortion: tough personal decision

I think you support the Republican view in some portion of your statement but be mindful we cannot have both ways.I do not support Abortion neither do Republicans and most Democrats, I do not support welfare neither do Republicans bearing in mind there is more welfare money and government Program money going to Republican leaning States than Democrats. My contention is how do we draw the line between the REPUBLICANS FORCING WOMEN TO HAVE BABIES they cannot afford forcing them onto the welfare roles and then complaining we have too many people on welfare and the Moral issue of Abortion.

Forcing mothers to have children they cannot afford is a moral issue and starving mothers with malnourished children creates an new issue. Mother and child or children will now enter the social services system where we must be provided medical and all the other services available to them.

I am not an advocate for Abortion I hate the thought of it neither am I an advocate for welfare. I have never benefited from it, I do not know what is involved qualifying for or receiving those benefits. I casually of know people are on welfare and for the years I know them their lives have not changed. I also know of people who benefited from welfare in the past and have weened themselves and their children and have gone on to lead successful lives.

Corporate America is the biggest welfare recipient and we seem to give them a pass. Giving a helping hand to those of our Citizens White, Blacks, Hispanics or any race who need it is a MORAL OBLIGATION. Where we have failed is not setting a framework to allow them to grow out of welfare.

"Welfare is a Temporary Benefit"

While we refuse benefits to our citizens in our own country our money is paying for those benefits to citizens in other countries. The US AID pays for health care dental, medical provide nutrition school uniform, books, birth, control providing Housing and every other human need to citizens of other countries all over the world. Successive US government for some 60 continuous years have supported these aid programs abroad while denying their own citizens.

"Comprehensive Heath Care to the Citizens of a Nation is not benefit but a Human Right".

The concern should not be the money spent on welfare because every penny of those funds go straight back in the economy. Let us think how we can make difference Leading people away from welfare and not forcing them to have children they cannot afford.