Category: News and Views

American manufacturers importing workers | money.cnn.com

~ lmehit ~ Leave a comment

NEW YORK (CNNMoney) — U.S. manufacturers, frustrated by a shortage of skilled American factory workers, are going abroad to find them.

Business for factories has surged recently, creating a huge demand for machinists, tool and die makers, computer-controlled machine programmers and operators.

“These jobs are the backbone of manufacturing,” said Gardner Carrick, senior director with the Manufacturing Institute. “These are good quality middle-class jobs that Americans should be training for.”

The United States is experiencing a shrinking pipeline of manufacturing talent, said James Wall, deputy director of the National Institute for Metalworking Skills.

“It’s been in the making for years,” he said. Factories didn’t feel the labor pinch as much when manufacturing was in a slump. But the latest “Made in USA” resurgence has them scrambling.

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Time to Incorporate? | Getentrepreneurial.com

~ lmehit ~ Leave a comment

January 2005 was a turning point in my business. It was the month I incorporated my business.

Before then, I had operated as a sole proprietor. I started my business in 1998 as a freelance copywriter.

However, in 2003 I started getting that restless feeling. I knew I was destined for bigger and better things. I started researching how to take my freelance copywriting business to the next level. And part of that research included me looking into how my business was structured.

Even though my local CPA thought it was a waste of time and money for me to incorporate, the rest of my research told me otherwise, so I went ahead with it.

That was the year I finally broke 6 figures. Once I did that I never looked back.

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17 Outrageous Outer-World Shots | trendhunter.com

~ lmehit ~ Leave a comment

time lapse

This collection of outer-world shots will give you a whole different perspective on life.

With the discovery of the Higgs-Boson particle unravelling so much of what was thought to be concrete in particle physics, one can only direct their attention upwards, into space, and think of what this means in terms of the universe. If just one type of particle can change the world as we know it, do we even have a chance of understanding all of the unknown? Is there even a point to NASA?

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Soak Wealth, Not Income? | ZeroHedge

~ CBPS ~ Leave a comment

The only alternative is a wealth tax. Anyone who has a net worth over $5m (or $20m, or chose a number) has to pay 1% (or 2%) of that amount, every year. It would be like a death tax, except you paid it while you were alive. Think – pre-paid estate taxes.

Warren Buffett is always complaining that he doesn’t pay enough in taxes. The guy has a net worth of about $40b. If there was a 2% wealth tax he would have to cough up an extra $800m a year. That would shut him up quick; it would also solve all the fiscal problems.

Bill Gates would be forced to come up with an extra $1.2B. The Walton family would have to pony up $1.6B. And the good old Koch brothers would toss in a $1b.

If a 2% wealth tax was applied to everyone who had a net worth in excess of $5m it would add up to about $700B a year. That’s just about the right amount to get the budget to where it starts to make sense. This tax increase would not come out of current income, therefore the consequences to the economy would be muted versus a similar sized income tax increase.

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Doesn’t Obama have that same expression that Princess Liea had at the end of ‘Star Wars’? – Ed.