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If your investment strategy is to flip a coin and follow the result, your results may be on par with some of the top mutual fund managers in the country, said CNBC. A study done on the 2,862 funds examined by S.&P. Dow Jones Indices found that their ability to pick out good investments was literally no better than just flipping a coin, making some wonder whether investor success is really just a matter of blind luck disguised as skill. The study, "Does Past Performance Matter?
A poll undertaken by a labor and employment law firm has found that business owners are dreading new potential regulations--but this dread is not as linked to the implementation of the Affordable Care Act as much as rule changes from other a number of other regulatory bodies proposing new measures independent of the health care reform law, according to CNBC.
While you're all hard-working CPAs who never get distracted, there is a large subset of the population who get started on a task and then maybe watch a funny cat video their roommate sends them and then they click on a few more, and then that makes them wonder what other funny animal videos are out there and before they know it two hours have gone by and all they have t
If you've ever worked a part-time job, you're probably familiar with the issue that you're not actually sure when you will and won't be working: one week you'll work 9-7 three days, the next it's 8-12 for six days, while the next is 10-4 Monday, 1-8 Tuesday, 9-4 Wednesday and who knows when else for the rest of the week. It can be a big source of stress and a major drain on one's personal life.
Following closely on the heels of a letter by the Treasury Secretary asking lawmakers to address abuse of the corporate inversion process, President Barack Obama will give a speech tonight calling for an end to the practice entirely, throwing his support behind already existing legislative proposals that would prevent companies from reincorporating overseas in order to avoid federal taxes, according to Reuters
While the threat of wealthier residents leaving New York for greener pastures has accompanied proposed tax increases in the past, data from the Independent Budget Office has shown that, generally, wealthy people don't pick up and move any more than anyone else, according to CNBC. The report found that 1.8 percent of those earning more than $500,000 left the city in 2012, which is the same rate as lower-income households.