Here’s a quick business idea one of you can run with.
I got this “Pharma Hack” on my WordPress blog a few days ago. Apparently it doesn’t have any effect on WordPress blogs, except it changes your title tags in your database to promote pills…..this is what it did to my search rankings:
Sooooo……apparently NevBlog now sells Viagra
It’s actually not a “hack” but rather a small “exploit”.
ANYHOW, I ended up paying to get it removed . I REALLLLLYYY wanted to
Read full post…
The Department of Economic Development has released further details relating to the recent proposals aimed at redeveloping the Manx Grand Prix Festival from 2013 onwards. These new proposals will see the event focus on motorcycling nostalgia as well as providing a training ground for future TT riders, newcomers to the Mountain Circuit and existing MGP riders.
The race programme being proposed includes three races for classic machines and two further races for modern day bikes.
Read full post…
Festival, Grand Prix, Grand Prix Festival, Prix Festival
At the request of Wisconsin Senator Herb Kohl, the Government Accountability Office (GAO) just released a study that provides an assessment of the current state of the retirement income market in the United States.
For those interested in retirement income, the study is full of interesting data and conclusions. Some of the highlights include:
- Most retirees rely primarily on Social Security and pass on the opportunity to create additional sources of guaranteed income through annuities.
- Social Security provides a 55.2 percent replacement rate for low earners retiring in 2011. This means that other sources of income must provide the other 19.8 percent if these retirees are to reach a 75 percent replacement rate. Low earners are defined as someone with career earnings that are 45 percent of a national index (with the average wage in this index $40,711.61), while high earners are 160 percent of the index.
- Social Security provides a 33.9 percent replacement rate for high earners (as defined above) retiring in 2011. This means that other sources of income must provide the other 41.1 percent if these high earning retirees are to reach a 75 percent replacement rate.
- The report provides recommended savings strategies by income level (in quintiles) for near-retirement households.
- The report strongly advocates delaying Social Security and provides the basic reasoning for why this almost always makes financial sense.
- The report discusses in-plan annuities and the possibility of a compulsory aspect to annuity availability for defined benefit (401k) plan sponsors.
- The report advocates inflation-adjusted annuities for “middle income” (net worth of $350,000 including equity in primary residence) households that do not have access to a defined benefit pension plan. Longevity risk appears to be the primary factor in this recommendation.
The report also provides an interesting breakdown of the sources of aggregate income for U.S. households with someone aged 65 or older:
- Social Security: 36.5 percent
- Employment Earnings: 29.7 percent
- Pension and Annuity: 18.4 percent
- Income from Assets: 12.7 percent
- Other: 2.1 percent
- Cash Public Assistance: .6 percent
One of the most surprising aspects of the income source data is how little retirement income is actually derived from private assets.
Source: Bloomberg and The United States Government Accountability Office
Full Report
Retirement Income, Study
The Isle of Man Government has been recognised as offering some of the best information technology in the UK.
CIO Magazine publishes its top 100 CIO – Chief Information Officer – list annually to recognise the IT leaders and company directors that are transforming their organisations through technology leadership.
This year it names Information Systems Division (ISD) Director Allan Paterson and Chief Technical Officer Peter Clarke at number 83 in the list.
John Shimmin MHK, Minister for the Department of Economic Development, welcomed the news. He
Read full post…
Government, Man Government
The Bank of England has decided to print extra money as a way of boosting the economy. Otherwise known as Quantitative Easing, this change could seriously reduce the amount of regular income you receive from your pension savings by causing annuity rates to fall. So, in order to avoid missing out on a higher retirement income you should consider acting quickly.
Joanne Segars, Chief Executive of the National Association of Pension Funds, has commented, Retirees who get locked into a weak annuity will find that the Banks money-printing leaves them out of pocket for the rest of their lives.
Our free annuity comparison service could help get you up to 72% more income from your pension savings, just like one of our customers.
Read full post…
The Treasury Department just released a proposed set of regulations that could have a meaningful impact on the retirement income market in the U.S.
The Treasury’s guidance package builds on feedback received in response to the request for comments issued by the Labor and Treasury Departments last fall.
The proposed regulations appear to be squarely focused on Read full post…
Guidance, Retirement Income, Treasury Department
Do you know what the term fast cash loan means completely? In reality, it is payday loan which used to be referred as check advance loan, post-dated check loan as well as cash advance loan. Generally speaking, cash loans are short term loans which can be availed by both good and bad credit holders. Fast cash loans are available in both secured and unsecured forms.
In the untied states, numerous banks and financial institutions provide fast cash loans to their clients. People may be confused about which one to choose from. Actually, doing a research on the internet in advance will be sure to express your loan application. Fast cash loans can be used for a variety of urgent requirements, such as, medical bill, car repair and electricity bills.
Read full post…
Use