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Archive for July, 2011

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Milton Friedman on Socialism vs. Capitalism

Saturday, July 30th, 2011

Good stuff:

Year to Date Total Returns for S&P 500 and Other Benchmarks (July 2011)

Saturday, July 30th, 2011

Well, another month goes into the history books. As you can see from the graphic I have put together (click on the graphic below to bring up a PDF version), it wasn’t a very good month. This most likely had to do with the looming debt ceiling deadline. July marked the third month in a […]

What a Trillion Dollars Looks Like…

Friday, July 29th, 2011

This is what one trillion dollars looks like (click on the graphic to see the entire illustration, which is fascinating):

WSJ: U.S. Companies Are Bracing for Default

Wednesday, July 27th, 2011

Yesterday, I mentioned a WSJ article on how a default would affect us personally. Today, the WSJ talks about how companies are bracing for default: In a recent survey by the Association of Financial Professionals, which represents treasury and finance executives, half of the 305 respondents said failure to reach an agreement by the Aug. […]

How a U.S. Default Could Affect You

Tuesday, July 26th, 2011

The analysis estimates that without authorization to borrow, the federal government would take in about $203 billion in revenue but have $362 billion in bills to pay. Politics aside, read this: How a U.S. Default Could Affect You According to the article, not raising the debt ceiling could “be big trouble for anyone who needs […]

Question of the Day – Inexpensive Summer Fun for the Family

Friday, July 22nd, 2011

I’m in a frugal mood today. What’s your favorite (and inexpensive) idea for family summer fun? Being that we live about an hour and a half from Galveston, ours would have to be going to Steward Beach in Galveston. It’s a family beach and is fairly inexpensive (unless you rent beach umbrellas and chairs at […]

Siblings Sell Their Web Business for $100 Million

Thursday, July 21st, 2011

Interesting story in today’s WSJ: Millennials Make Millions Catherine and David Cook started in 2005 when they were 15 and 16 years old, respectively, as a way to connect with their new classmates at Montgomery High School in Skillman, N.J. Big brother Geoff Cook, then 26 years old, bankrolled the start-up with $250,000 he […]

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