Your Questions About Direct Marketing News
Mary asks…
where can I see the price of the facebook stock market?
Not the news, I want to see the direct price updating at real time
Jere answers:
Http://www.google.ca/finance?q=FB
http://www.nasdaq.com/symbol/fb/premarket
Google is real-time for sure, I use that. Otherwise, as you probably know, markets aren’t open on weekends, minus after market trading.
Hope this helped!
Good luck!
Mark asks…
Any reaction in this news in the Philippines?
MANILA, Oct 21 – The Philippines on Wednesday issued rules to implement a new law to allow the creation of tax-free personal retirement plans that will see funds flow into the domestic debt and stock markets.
Similar to the 401K plan in the United States, the Personal Equity Retirement Account provides tax incentives for long-term savings channeled into local financial instruments.
“The PERA law provides an organised framework for cultivating retail savings and offering the means to transform the resource of saving into the opportunities of long term investment,” central bank governor Amando Tetangco said in a speech.
The law allows a maximum annual contribution to tax-free savings accounts of 100,000 pesos per individual and double that amount for Filipinos working overseas.
Funds invested into PERA may be placed in a host of local financial instruments, including stocks, bonds and mutual funds.
Fund managers said they were waiting to see the details of the rules, which will be published this week, and it was too early to say how much this scheme would impact the stock and debt markets. The law will take effect immediately after the rules are published.
Nestor Espenilla, central bank deputy governor, told reporters it was hard to gauge how much funds would actually flow into the capital market, but the potential was huge.
“The total deposit base of the banking system is already in the order of around 5 trillion pesos,” he said.
“Of course only a portion of that could be re-directed towards long-term but we are after those outside the system, those who have not been saving before, especially OFW money,” Espenilla said.
More than a tenth of the country’s 92 million people live and work abroad. Last year they sent a total $16.4 billion pesos to their families and the amount is expected to climb 4 percent this year, based on central bank estimates.
Jere answers:
Its a great idea. Those people will be much better off than those that don’t take advantage of it.
Richard asks…
McCain Even Wants To Raise Taxes?
why do repubs, say mccain does want to raise taxes?? :
McCain Said Payroll Tax Increase Was “On The Table” To Pay For Social Security Privatization
SCHIEFFER: Would you support a rise in the payroll taxes to finance the president’s plan on Social Security?
Sen. McCAIN: I think you would have to look at the whole package, but I think, as in 1983, we should have everything on the table. But…
SCHIEFFER: Including an increase in payroll taxes?
Sen. McCAIN: Everything has got to be on the table. But the interesting thing about 1983, Tip O’Neill and Ronald Reagan put their arm around each other and sold it to the country. That’s the way it’s going to have to be sold. [7]
McCain To Raise Employer Taxes To Pay For Health Care Plan.
Rolling out his Health Care plan in Iowa, McCain said, “‘We don’t know the cost,’ … ‘We expect there to be dramatic reductions in costs.’ … Aides said to help pay for the overhaul McCain would end a provision in the tax code that lets employers deduct the cost of health care from their taxable earnings.” [8]
McCain Misrepresented Middle-Income Americans’ Stake In Stock Market
NEWS FLASH TO MCCAIN: Capital Gains and Dividends Taxes Do Not Affect Employer-Sponsored Retirement Accounts, Which is Where Most Middle-Income Americans Own Stock. In 2005, the Investment Company Institute found that “35.6 million households, 31.5% of all U.S. households, owned mutual funds inside employer-sponsored retirement plans, versus 38.9 million, or 34.4%, owning them outside such plans.” Americans owning stock inside employer-sponsored retirement accounts do not pay capital gains taxes on those stocks, debunking McCain’s repeated suggestions that “100 million Americans” pay capital gains and dividends taxes. [9] [10] [11]
* Only About 13% Middle-Income Americans Received Dividends Income in 2005. The Tax Policy Center, an independent joint venture between the Brookings Institution and the Urban Institute, reported that in 2005 only 12.5% of the households earning less than $100,000 received dividends income. [12]
* Less Than 7% of Middle-Income Households Received Capital Gains Income in 2005. The Tax Policy Center also reported that merely 6.6% of U.S. households earning less than $100,000 received capital gains income in 2005. [13]
Most Middle-Income Americans Who Own Stock Have Their Money in Non-Taxable Accounts. “Most middle-income Americans own much or all of their stock through 401(k)s, IRAs, or other tax-preferred saving accounts. They do not pay taxes when their stocks within those accounts go up, so a change in the tax rate doesn’t affect them.” [14]
Len Burman of the Tax Policy Center: McCain’s “100 Million” Contention is “Certainly Not True” and “At Least Misleading.” “I think it’s certainly at least misleading, the implication is that everyone who owns a 401(k) would be affected by a reduction capital gains and dividends tax rates, the direct effect- it doesn’t have any direct effect on people who hold stock through those vehicles. If you own stock through a 401(k), when you take the money out it’s taxed as ordinary income when you retire, but not if it’s a Roth IRA. …. But it’s certainly not true that 100 million people pay capital gains taxes, if you look at the actually data capital gains taxes is very very concentrated among very high-income people. Even though most of the people who pay the tax have relatively modest incomes, the amount of tax they pay is tiny, and something like 70 or 80 percent of the tax is paid for by the top 10 percent of households.” [15]
no obama slander, or comparison in this column
# ^ New York Times, 1/26/2008
# ^ CBS News Face the Nation, 2/3/2008
# ^ Post, 4/16/2008
# ^ US Census Bureau Press Release, 8/28/2007
# ^ ABC News, 4/14/08
# ^ Editorial, The New York Times, 12/13/2007
# ^ Face The Nation, 1/23/2005
# ^ Today, 10/11/2007
# ^ Center on Budget and Policy Priorities, 1/30/2006
# ^ Investmentnews.com, 11/7/2005
# ^ [Stocksandmutualfunds.com , accessed on 10/16/2007]
# ^ Center on Budget and Policy Priorities, 1/30/2006
# ^ Center on Budget and Policy Priorities, 1/30/2006
# ^ Center on Budget and Policy Priorities, 4/18/08
# ^ New America Foundation Conference, “Presidential Candidates’ Domestic Policy Plans,” (Washington, D.C.), 4/29/08
If u dont know the facts and wont accept the facts leave the talking to the people who know what they are talking about
Jere answers:
I’m really ticked off!!! Republicans should just stay home and not vote. Let’s protest our candidate! Spread the word: COME NOVEMBER 5TH, STAY HOME.
Charles asks…
Need to know latest negative side effects of Lipitor recently reported in the News as of December 06!?!?
On December 7/06 a coworker heard on the radio that Lipitor has been found responsible for 89 drug-related DEATHS. It was also reported that the makers of Lipitor experienced drastic plummeting of their stockmarket shares values. If anyone knows of a current website regarding these latest findings, please direct me there. Also any credible relaying of the information as to what you heard, or wrote notes, or investigated further would be greatly appreciated. I am seeking this infor on behalf of my elderly parents who both take lipitor. Has it been taken off the market, how is it causing deaths – something to do with the heart – etc. etc. My mother suffers from polyneuropathy which has been said to be a side effect. However at this moment, and in this instance, I cannot say whether Lipitor is the cause of her polyneuropathy. Any response in this light would be much appreciated.
Jere answers:
I was unable to find a recent report of deaths associated with Lipitor. I have included a link to the London Times that was reported on 03/06/05 discussing deaths associated with lipid medications in general.
Http://www.timesonline.co.uk/article/0,,2087-1512613_1,00.html
There seems to be a lot of hysteria associated with lipid-lowering medications commonly referred to as ‘statins’ of which Lipitor or atorvastatin is one. The main complication associated with these medications is a degenerative muscle condition called rhabdomyolysis – though actual cases of this is extremely rare. The main reason people discontinue cholesterol medications is due to general muscle aches – despite no objective lab studies to indicate a problem. It is known that these cholesterol medications can affect the mitochodria (powerhouses of the cell) in some people. It is surmised that this effect is the source of muscle aches – though muscle aches are a common general complaint. Additionally there may be interactions with other medications at the level of the liver enzyme pathways.
So why do people are people prescribed these medications if there are risks? The answer is the overall significant reduction in mortality – especially noted in people who at risk for coronary artery disease, heart valvular disease, stroke, and peripheral vascular disease. The risk reduction of dying from these diseases far outweighs the increase risk of taking the medications. I have attached a few abstracts of medical journals below that are pertinent to your question and my answer.
I hope this helps. Good luck.
There were 871 reports of statin-associated rhabdomyolysis in the 29-month time frame examined, representing 601 cases. The following number of cases were associated with each of the individual statins: simvastatin, 215 (35.8%); cerivastatin, 192 (31.9%); atorvastatin, 73 (12.2%); pravastatin, 71 (11.8%); lovastatin, 40 (6.7%); and fluvastatin, 10 (1.7%). Drugs that may have interacted with the statins were present in the following number of cases: mibefradil (n = 99), fibrates (n = 80), cyclosporine (n = 51), macrolide antibiotics (n = 42), warfarin (n = 33), digoxin (n = 26), and azole antifungals (n = 12). The reports of 62.1% of cases were classified as expedited. Statins were designated as the primary suspect in 72.0% of the cases. Death was listed as the outcome in 38 cases. The majority of reports (n = 556) were from health professionals.
Ann Pharmacother. 2002 Feb;36(2):288-95
Lowering of LDL-cholesterol by 25 to 30% with statins resulted in a highly significant reduction of coronary event rates in 2 large primary prevention trials. In the West of Scotland Primary Prevention Study (WOSCOPS) hypercholesterolemic asymptomatic men were treated with either 40 mg of pravastatin or placebo, in the Airforce/Texas Coronary Atherosclerosis Prevention Study (AFCAPS/TexCAPS) 6605 men and women with average levels of LDL-cholesterol and low levels of HDL-cholesterol were treated with either 20 to 40 mg of lovastatin or placebo. Moreover, in the WOSCOP study a marked reduction of total mortality was observed which approached the level of statistical significance. Several groups of experts have recently developed guidelines for the use of statins in prevention of atherosclerotic vascular disease. There are major differences in the goals for lowering of LDL-cholesterol and in the levels at which initiation of lipid lowering by drugs is advocated. In most of these recommendations graded target levels for LDL-cholesterol are suggested which are guided by the level of global risk. According to the recommendations of the American National Cholesterol Education Program (NCEP) LDL-cholesterol should be lowered below 130 mg/dl in asymptomatic individuals at high absolute risk and below 160 in individuals with a moderate increase in risk. The Joint Task Force of European and other Societies on Coronary Prevention recently developed guidelines, which suggest that in primary prevention lipid lowering by drugs should be restricted to individuals whose 10 year CHD risk exceeds 20% or will exceed 20% if projected to age 60. In these individuals LDL-cholesterol levels should be lowered to less than 115 mg/dl. The International Task Force for Prevention of Coronary heart disease recently published recommendations which suggest, that LDL-cholesterol should be reduced below 100 mg/dl in asymptomatic individuals at very high coronary risk, while it should be lowered below 135 mg/dl in individuals at moderately increased risk and below 160 mg/dl in subjects with a small increase in risk. In conclusion, results of 2 landmark trials in primary prevention of coronary heart disease demonstrated that lowering of LDL-cholesterol by statins is one of the most effective strategies to reduce coronary risk. It should be applied most aggressively in subjects at the highest overall risk. Nevertheless, non-pharmacologic measures are still considered as the preferred strategy for the reduction of coronary risk in the setting of primary prevention.
Wien Med Wochenschr. 1999;149(5-6):129-38
A total of 289 (23.7%) patients in the atorvastatin group compared with 333 (27.7%) patients in the usual care group experienced a primary outcome (hazard ratio, 0.83; 95% confidence interval 0.71 to 0.97, p = 0.02). This reduction in morbidity was largely due to fewer non-fatal myocardial infarctions (4.3% vs. 7.7%, p = 0.0002). Levels of LDL-C were reduced more (34.3% vs. 23.3%, p < 0.0001) and National Cholesterol Education Program goals (LDL-C <100 mg/dl) more likely met at end-of-study visits (72.4% vs. 40.0%) in patients receiving atorvastatin compared with those receiving usual care
An aggressive, focused statin therapy management strategy outperformed usual care in health maintenance organization and Veterans Administration clinic patients with Coronary Heart Disease.
J Am Coll Cardiol. 2004 Nov 2;44(9):1772-9
Ken asks…
China and Japan trading using the yuan. What will happen to the US dollar when its no longer reserve currency?
http://ca.news.yahoo.com/china-japan-begin-direct-currency-trading-212024953–finance.html
“China and Japan will start direct currency trading on Friday as Beijing marks another stage on its journey to internationalise the yuan.
Forex traders will be able to swap Japanese yen for the Chinese unit without having to use the US dollar as an intermediary currency when markets open in Tokyo and Shanghai at 0000 GMT.”
Jere answers:
No problem, Japan has been buying Chinese debt for months now…China’s economy is in shambles. They, the Chinese, use the yuan so that it will float to its actual worldwide value without having to directly devalue their currency.
This is a positive situation for the global currency exchange, IMF and World Bank.
China’s currency has been artificially supported at unrealistic levels for years.
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