Friday News Round Up

by James & Miel on January 9, 2009 · 0 comments

Hi All, 

Well, there is certainly a lot going on today, so here some news that caught our eye. 

1) Unemployment is at decade long highs.  According to the department of labor, unemployment is scraping 7.2%, a 16 year peak (1).

2) Partly as a result of uncertainty in the financial markets, some rich people may be buying gold.  Merill Lynch is reporting that their clients are interested in gold – not the paper kind, actual bullion bars and coins (1). 

3) Dick Morris – the former Republican advisor to President Bill Clinton is complaining that Obama’s tax cuts will make it that only the rich and large companies will be left to shoulder the federal tax burden (1).  Honestly…we’re not all that bothered.  

4) Yay!  Its a new Tax Year!  The IRS has some helpful information about 2009 on their webpage (1).  Don’t forget to check out the listing of 2008 changes that are retained in 2009 (1).

5)  Oh yeah, the porn industry wants a bailout also.  FOX news is reporting that Hustler publisher Larry Flynt and Girls Gone Wild’s Joe Francis have requested 5 billion dollars from congress.  Something tells me they aren’t going to get it (1).

On a personal note, we’re moving forward with buying a place in Portland, OR. Mortgage rates are very cheap right now – at under 5% – , and people are selling apartments at 1o to 20% off asking prices.  So, the conditions there are good for buyers.

Best, 

James

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