Daily Readings 11-09-2011
Cain accuser filed complaint in next job – A woman who settled a sexual harassment complaint against GOP presidential candidate Herman Cain in 1999 complained three years later at her next job about unfair treatment. To settle the complaint at the immigration service, Kraushaar initially demanded thousands of dollars in payment, a reinstatement of leave she used after the accident earlier in 2002, promotion on the federal pay scale and a one-year fellowship to Harvard’s Kennedy School of Government, according to a former supervisor familiar with the complaint. It seems some people can advance their careers only with accusation of harassment and unfair treatment.
James Rickards: Currency Wars Heating up
Senate bill powers up state online sales taxes – State governments would be able to collect online sales taxes under a bill due to be introduced in the Senate on Wednesday, said sources familiar with the bill. On time for the Christmas shopping season
Jim Rogers – 100% chance of a financial crisis much worst than the one in 2008
Experts don’t know jack - Putting your money in the stock market has always been a bit of a gamble. Ask anyone who had done so over the last decade.
How a Financial Pro Lost His House – The process of making financial decisions is about more than building a spreadsheet to calculate the answer, because life rarely fits cleanly into a spreadsheet. Duh!
The truth about ‘top 1%’ – People in the media and in politics choose statistics that seem to prove what they want to prove. But the rest of us should become aware of what games are being played with numbers.
Poverty Measure a Gimmick to Equalize Incomes – The Census Bureau’s new poverty measure is another tool in President Obama’s endless quest to “spread the wealth.” Although the media portray it as a more accurate measurement of poverty, in reality it deliberately severs all connection between “poverty” and actual deprivation.
Cash For Clunkers: The Rosetta Stone of Obamanomics Failure – Billions were wasted on pointless market manipulation
Unions: Good for bad teachers, bad for kids – In Patterson, NJ, it’s ex-police detective Jim Smith’s job to investigate claims against bad teachers and to try to go through the union-created, insane process of trying to fire REALLY bad ones. He says it’s so hard to fire anyone that it took years to fire a teacher who hit kids. “It took me four years and $283,000. $127,000 in legal fees plus what it cost to have a substitute fill in, all the while he’s sitting home having popcorn,” said Smith.
