Providing the best for a kid is expensive. For education, the 529 savings are not enough to send them to Kent Andover, Phillips Exeter, Grotton or Silicone Valley's Harker (nearly $40K regular and $50K boarding) before Harvard/MIT/Stanford ($65K for 9 months). Oh yes, there are scholarships of a few $K here or there unless your kids are in Intel Science fair finalists or living in a housing project with 1500 SAT score (back to two topics now).
As someone in the upper middle class as a HWP staff, there was no 529 when I sent my kids to college in the 90s. In fact, childcare was not a deductible item then. These loopholes were created by Wall Street to privatize education to aid private schools from U of Phonny to Harvard. They are literally charging an arm and a leg to matriculate so called higher education. Its nuts.
We read the paper everyday and knew about those massive layoffs from ibm, jc penny, sears, radio shack, ebay, officemax, staples, oil rigs, coal miners etc. There is always going to be layoffs due to business failures. The Wall Street M&As and squeezing corporate workers are something else that should be curbed.
Before I quit, you check out the JOLT reports and other business reports that the number of "quits" are as high as when things were honky dory before the financial meltdown?
Apple gets a loan (bonds) next to nothing to pay dividends to their wealthy shareholders. Meanwhile the students are stuck with rates higher than 30 year mortgage rates (5% fixed) thanks to obstructionists refusal to maintain affordable rates for the middle class families.
Record-High 37,305 Apply to Class of 2019
By Daphne C. Thompson an hour ago
Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 speculated that a new low-income student outreach program and news of a $125 million financial aid donation may have contributed to the 8.8 percent increase in applications.
ND, I meant tax free on gains compounding as those $4K or so in HSA, $500K every two years in sale of principle resident, ... , of course, all peanuts when the one percenter were socking money in secret Swiss/Singapore accounts and now in Cayman business accounts.
We have a government for the people, not just for the rich.
on 529: Say I were a one percenter and had 2 biological children and adopted 2 more, I would hence sock away nearly $1.5 million away when they are toddlers all tax free. Throw in Tens of millions more in SEP/IRA/Keough and pensions ... the middle class would have to hit the power ball or marry Lady Luck somehow to reach the American dream.
Layoffs in oil energy sector and in misc others like Radio Shack, Sears, JCP, Hewlett Packard, IBM, eBay, Office Depot. You do know why? And other than a few, most are making money ... just not enough to pay the multimillion bonuses to their executives.
July 16, 1970
From: Bill Hewlett
To: See Distribution
SUBJECT: Evaluations & Terminations
An increasing number of cases are coming to my attention in which employees are being terminated with little or no warning that their performance has been unsatisfactory. In some cases, evaluations have been glowing up to the time that an individual is released.
There just is no excuse for this. It is not humane. It is not HP-like. It is not justified. I would like you to be guided by the four following points:
(1) The individual affected had had advanced warning through written evaluations and has been advised constructively on how he/she should improve.
(2) Wherever practical, assure the employee is given an opportunity for other placement where he/she might make a greater contribution. Employee placement is a function of supervisors and Personnel and not a function of the employee to be turned loose to find his own job someplace in HP.
(3) If termination is the only alternative, Personnel must be fully advised and believe the case is satisfactorily documented, and the decision has the approval of the genera manager concerned.
(4) Before any adverse action is taken, it should be well thought out. We must recognize that each of our people represents an individual with problems, families, etc.
Signed: Bill H.
nd. 529 is a special tax loop hole for the upper income group and part of the reason that it costs over $60K a year for a private good University.
You do know how much the upper limit for contribution to a 529 from parents and grandparents for a kiddie in diapers in your state?
California's 529 plans for the same beneficiary reach $371,000 for child A
California's 529 plans for the same beneficiary reach $371,000 for child B
California's 529 plans for the same beneficiary reach $371,000 for child C
California's 529 plans for the same beneficiary reach $371,000 for child D
Revisions turn January jobs report into blowout beat
Alongside a stronger-than-expected January jobs gain of 257K, December's 252K gain was revised sharply higher to 329K, and November's 353K was revised to the blowout level of 423K.
Canada adds a strong 35K jobs, but guts of report show weakness
January job gains in Canada of 35K came against expectations for just 5K added. The unemployment rate ticked down to 6.6% vs. the 6.7% forecast.
Betty, You said 2.8 million immigrants taking the new jobs right? The largest group is Hispanics and most immigrants were farm workers in modern days. Great that their kids are coding in FB or in charge of our healthcare system.
betty, You know most of the jobs before the crash of 2008 were phony jobs related to the subprime and housing frauds ... I still remember those loan agents buying new BMW's every couple of years. Money were flowing and jobs were plentiful from housing inspectors, roofers, electricians, landscapers, home appliances, interior decorators ... AND THE SERVICE WORKERS WHO cater to these bunch of folks who used to make cars, components of all sorts etc.
Dow Jones industrial average rose 212 points, or 1.2%, to 17,885. The Standard & Poor's 500 index gained 21 points, or 1%, to 2063 and the Nasdaq composite rose 48 points, or 1%, to 4765.
All three major benchmarks are now positive for 2015.
Just jiving you man. Should I instead report that: a lot of ex-melon pickers coding in nearby Google and FB campuses?
Agree with you there. There just ain't enuff Natives to fill those jobs ya-ah hey ya ya hey ha hey ya yo hey ya hey ya hey hey yo ya ha ya ...
WASHINGTON – Rand Paul’s top digital strategist is working for Israeli Prime Minister Benjamin Netanyahu’s re-election campaign.
Obama to pass on meeting Netanyahu during Washington visit Associated Press
Obama won't meet with Netanyahu during controversial U.S. visit Yahoo News
Obama to pass on meeting Netanyahu during Washington visit Associated Press
Israeli premier accepts Boehner invite to speak to Congress Associated Press
US House leader: Boehner invite to Netanyahu inappropriate Associated Press
Vincent Harris, the 26-year-old Austin-based digital strategist, has made two trips to Israel to help the Israeli leader in a stiff fight to win his fourth term as prime minister and has been working for his campaign for more than six weeks, he told the Jerusalem Post.
Harris denied to the Post that he had been sent by Senate Majority Leader Mitch McConnell, R-Ky., or Sen. Ted Cruz, R-Texas, for whom he has previously worked, to help Netanyahu.
“I have not spoken to Sen. Cruz or to Mitch McConnell about my job here,” Harris told the Post. “My Israeli work is completely separate from my work in the U.S., so what is being reported is not true. I love Israel, and I am excited to be here to help the Likud and the prime minister use digital media in an effective and forward-looking manner.”
Rand Paul is a closet lover of current AG or he rather have a man than a woman to look after the laws of his man's world?
The right thinks it is just wonderful to raise taxes on middle class and force families from single earner to working moms and dads, letting the youth to be educated by the street.
That's the legacy of Reaganomics.
blax, you need to get out more and talk to folks without white cone hats.
History is a set of lies agreed upon.—Napoleon Bonaparte
Garbage in, garbage out logic. In his words, our job picture is in dire straits and riots in the street already. What a dunce.