Author Archive

February 20, 2021

Bob Veres

Health, Lifestyle, News, World

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Are you ready to get back on a luxury cruise? A surprising number of people are answering “yes.” According to the the cruise ship market updates on CruiseMarketWatch.com, post COVID-19 sailings will begin, industry-wide, on March 1 of this year, and the cruise industry will resume its operations at roughly 50% capacity, based on advance [...]

February 18, 2021

Bob Veres

Health, Lifestyle, People

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You’ve probably heard speculation that the pandemic lockdown measures, which enforce social distancing and reduce income for millions of Americans in service-related and other jobs, will result in a higher suicide rate. The data, of course, is not in yet, but there are some potential clues in the historical suicide data that has been collected [...]

February 15, 2021

Bob Veres

Retirement, Tax

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The changes in Social Security benefits and taxes for 2021 were a bit controversial. Benefits will rise 1.3% this year, which is not expected to allow beneficiaries to keep up with increases in the cost of living. Meanwhile, the tax withholdings have risen faster than inflation; for 2021, workers will pay a 6.2% Social Security [...]

February 10, 2021

Bob Veres

Market Commentary, News

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Conventional economics tells us something that would seem to be obvious: when the government creates more money, there is more money available to buy things, and therefore the prices of things rise—and we get inflation.   For some reason, this logical sequence of events seems not to be happening today. The amount of money in the [...]

February 8, 2021

Bob Veres

News

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The U.S. Postal Service has announced the new stamp collection that it will issue in 2021—and there are a total of 63 new designs on display. You can see all of them at: https://about.usps.com/newsroom/national-releases/2020/1117-usps-announces-upcoming-stamps.htm. The stamp collection includes ten new stamps that feature photographs of American flowers, a photo of a Colorado Hairstreak butterfly, eight [...]
The financial media took a brief break from predicting everything that will happen in 2021 (don’t laugh; it’s their yearly habit) to bring us the engaging story of how masses of small amateur investors managed to bid the share prices of three largely-unprofitable companies—GameStop, AMC Entertainment Holdings and Blackberry—up nearly 1,000 percent, collectively. GameStop's stock [...]

January 28, 2021

Bob Veres

Lifestyle, News

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You might have read that people who were forced to put their social lives on hold due to the coronavirus adopted dogs and cats in record numbers last year, wiping out the population of these popular animals in shelters. As it happens, this was a bit of an exaggeration. Shelter Animals Count's national database calculated [...]

January 20, 2021

Bob Veres

News

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What was the highest performing asset over the decade ending on January 1? U.S. stocks? International bonds? Commodities? The stock market of a random emerging nation? Any of those might be decent guesses, but they’re all wrong. The asset (if you can call it that) which delivered the highest performance, by a wide margin, was [...]

January 17, 2021

Bob Veres

News, Tax

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The incoming Biden Administration has made some proposals that would affect our taxes, prominently including a complete rollback of the 2017 tax cut for taxpayers with income above $400,000. The plan would also tax capital gains at the same rates as ordinary income for people with more than $1 million in income. The corporate tax [...]