It's cap-and-gown time for graduates and advice flies at them from every quarter. For many of these young people in transition, it's the first time they "get" the important connection between economics and their lives. Why? Many will soon pay their way, pay taxes, and live on a budget for the first time.
The problem is that the good advice graduates typically get isn't good enough. Budget? Of course. Save? Of course. Avoid debt? Yes. How to manage your finances, however, should be the final step in the process, not the first. What today's graduates need to hear first is why financial things work the way they do and what they want that financial knowledge to help them accomplish. Then, and only then, can they determine how to accomplish their goals.
Understanding Why more >>
They say there are only two sure things in life: death and taxes. Try as we might, it's virtually impossible to escape the clutches of the Grim Reaper or the Tax Man. Both will get you eventually.
And as anyone who has been through an IRS audit or suffered a tax penalty can attest, the power that the Internal Revenue Service wields is enormous. As John Marshall famously concluded, "the power to tax is the power to destroy." Indeed it is, and because of this it is imperative that the IRS conducts itself in a sterling manner. The American people should be able to trust that an entity with so much power is completely ethical, fair, and impartial. Anything less would be a grievous betrayal of the public trust and the Constitution.
Sadly, we're discovering that the IRS has been less than scrupulous in its treatment of conservative non-profits in recent years. According to the admissions of Lois Lerner, head of the IRS division that oversees tax-exempt organizations, "about 75 groups with 'tea party' or 'patriot' in their names received extra IRS screening between 2010 and 2012." Specifically, conservative groups applying for non-profit status in TN, TX, KY, and OH were subjected to intrusive questions about their donors and subject to long delays. In some cases, letters were sent to big donors to these groups suggesting that their contributions could be retroactively taxed under the gift tax. more >>
Democrats, Labor Unions and Republican legislators are now at loggerheads over a bill passed in the House of Representatives last Wednesday that seeks to allow private employers to offer hourly-paid workers compensatory time off instead of time-and-a-half pay for overtime.
The bill, Working Families Flexibility Act, passed overwhelmingly with 220 Republican and three Democratic votes.
"This is about helping working moms and dads, providing the ability to commit time at home," said Rep. Martha Roby (R-Ala.), who sponsored the bill as an update to federal labor law in one report. "This is something that the public sector has engaged in for many many years. If it's good enough for the federal government, it ought to be good enough for the private sector." more >>
Defending what the Bible teaches about homosexuality can often lead to public condemnation from gay activists. In recent years especially, Christians have been ridiculed and called bigots for their beliefs. Here are five well-known Christian leaders who have been targeted for their beliefs.
When President Barack Obama invited Rick Warren, head pastor at Saddleback Church in Southern California and author of the best-selling A Purpose Driven Life, to deliver the invocation at his 2009 inauguration, gay rights activists were furious. About 100 protesters demonstrated outside Warren's church the Sunday before the inauguration. more >>
Later this month, the Boy Scouts of America (BSA) will decide the most controversial issue in its 103 year history-namely, whether or not every chartered Boy Scout unit will be required to foster open homosexuality in their units by accepting "openly homosexual" boys.
Then about 30 days after the BSA decision, the nation will receive two key critical decisions from the US Supreme Court on same sex marriage that will have dramatic consequences on the entire country.
If you think it is just a coincidence that these two matters are being decided so closely to each other, one right after the other, on similar topics -- think again. It is strategic and calculated timing on the part of gay-rights operatives at the highest levels. more >>
Anna L. Pierre, a mayoral candidate for the city of North Miami, has claimed that she has received the endorsement of Jesus Christ on her official campaign poster.
"Yes, he did endorse me," Pierre told Local 10.com on Monday.
The election for the North Miami mayoral seat takes place on Tueday. Pierre is running against Gwendolyn V. Boyd, Kevin Burns, Modira Escarment, Dr. Smith Joseph, Jean Rodrigue Marcellus, Lucie Tondreau, and Mayor Andre Pierre. more >>