Medicare seniors to pay billions in extra premiums next year just in case Biogen’s $56,000-a-year memory drug is allowed

The average senior on Medicare will see their premiums jump double digits next year to $170.10 per person, per month, an annual increase of $21.60 monthly from $148.50 this year. If you are a married couple older than 65, your health insurance premiums in 2022 will be a minimum of $4,082. If you purchase private … Continue reading Medicare seniors to pay billions in extra premiums next year just in case Biogen’s $56,000-a-year memory drug is allowed

Oil Companies give thanks to Biden for “exchange” deal to hedge their bets today

The Joe Biden/Kamala Harris team said today they will sell 18 million barrels of oil from the nation's Strategic Oil Reserve (once used only for war/famine/pestilence) to reduce the deficit by about $1.4 billion or less, depending on the current price of oil. In another attack on the reserve, the White House said it will … Continue reading Oil Companies give thanks to Biden for “exchange” deal to hedge their bets today

Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains

Some readers, who are old enough to remember defined pension plans weren't just for unionized workers, may still think they are better off with IRAs and 401Ks, originally sold as tax-free until you retire. Advice from employers promised the new plan was better than a pension. You could put away as much as the equivalent … Continue reading Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains

Sweden’s “Circular Economy” has created mountains of trash in trip “Back to the Past”

In Sweden the once "Jolly" Green Giant has been replaced with one sad, sad, sad mountain of trash after another, spewing toxic fumes and sporting hordes of furry creatures to thrive in garbage and decay. Nearby residents are fleeing, and those who can't, are taping up windows, hoping the fumes will not cause permanent illness … Continue reading Sweden’s “Circular Economy” has created mountains of trash in trip “Back to the Past”

Coronavirus “rescue” bill sends $11 billion to develop Africa, instead of restoring huge cuts to programs for Americans

While critics of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) bring up the $25 million for the John F. Kennedy Center for the Performing Arts, there is virtually no reporting of the $10.8 billion authorized for three African development banks. Funding for the Kennedy Center came with the stipulation it would help … Continue reading Coronavirus “rescue” bill sends $11 billion to develop Africa, instead of restoring huge cuts to programs for Americans

Tulsi Gabbard is the co-sponsor of a terrific Social Security bill also endorsed by Mark Meadows – Trump’s new Chief of Staff

Talk about strange bill-fellows! HR 860 (Social Security 2100 Act) has gained the endorsement of former Republican Congressman Mark Meadows. A founder of the House Freedom Caucus in 2015, Meadows was just named White House Chief of Staff by President Donald Trump. This same House bill to modernize Social Security is co-sponsored by Democrat Congresswoman … Continue reading Tulsi Gabbard is the co-sponsor of a terrific Social Security bill also endorsed by Mark Meadows – Trump’s new Chief of Staff

Many of America’s biggest companies paid no federal income tax last year, or had credits under new corporate-friendly tax law

What a guy! "Jeff" Bezos, the world's richest person, has been paid the same $81,840 salary from Amazon for two decades. Perhaps, because he needed extra cash last year to pay grocery bills, divorce lawyers and utilities, Bezos sold $1.8 billion of his Amazon stock, and kept about $1.44 billion after 20% federal capital gains … Continue reading Many of America’s biggest companies paid no federal income tax last year, or had credits under new corporate-friendly tax law

Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?

Big business in India has adopted the tactic of eliminating competition through onerous regulations. Many of us can remember the American corner grocery, local pharmacy, small bakery, tiny-herd dairy farm, one-person law or accountant firm. Tens of thousands of small companies have closed in recent decades, replaced by chains and their monopoly practices of poorer … Continue reading Big business in India benefits from taxes and regulations that are forcing small competitors out of business – sound familiar?