The British Daily Mail has several photos and diagrams of the compound in Pakistan where Osama Bin Laden was holed up, as well as some video of the compound burning. Other troubling reports are beginning to trickle in that Osama Bin Laden’s body may have been buried at sea. Supposedly this was done to conform to Islamic practice of burying a dead body within 24 hours.
President Obama publicly laments the rise in fuel prices. However, could this rise in energy costs be government policy? This isn’t a supply problem. Mr. Obama’s Energy Secretary Steven Chu believes that Americans should pay for gas at the same rate as Europeans which at the time of his statement was seven to nine dollars a gallon.
The Securities and Exchange Commission recently changed the disclosure requirements for investment advisors from a checkbox format to an essay style. I wasn’t convinced, however, that the new disclosure format would separate the sheep from the wolves or help consumers better understand the difference between fee-based and fee-only financial planning. Here are some principles to help you determine if you need further advice or not.
A South Dakota legislative committee is scheduled to examine the dozens of sales-use tax exemptions this summer. These exemptions total more than $500 million annually in what could be tax collections. That $500 million would be quite a windfall for the state. Did all of those exemptions pass a thorough testing, or just a seat-of-the-pants type of test as to their value for the people of South Dakota? Hopefully, we’ll find out.