Tax Group To Sponsor Lottery In Future Television Ads

This may help pay taxes but this helps beat the Axis. Stay on the job. - NARA - 534946 (Photo credit: Wikipedia)

The last massive Powerball Jackpot left many people disappointed. However, these people shouldn't worry much because H&R Block is giving the public another chance to win some cash. One-thousand individuals will have the chance to win $1000 in the H&R Block Giveaway. The drawing starts Saturday, and it will continue to run for 32 consecutive days. The entrance fee for this remarkable lottery is currently $32 per person.

Kathy Collins, the Chief Marketing Officer for H&R block is pushing this lottery to encourage early filing. Those who file their taxes in a timely manner will have a better chance of being one of the lucky winners. H&R block prepared taxes for 24 million individuals worldwide in 2014. They also gave people an incentive to save by offering 50% discounts. By combining this lottery with their other promotions, they hope to prepare even more taxes in 2016.

They are using television ads and social media platforms to promote this lottery. Two 30-second television ads are presently running at key periods throughout the day. H&R Block is also using television ads to promote their do-it-yourself filing option. For $9.99, individuals can file their own federal taxes through the company's interface.

Promoting the H&R block Giveaway inspires the team because they get to assist individuals in two ways. Not only will they try to get the maximum return for their clients, they also give them a chance to win $1000. According to Mrs Collins, they spent about the same on advertising as they spent in the previous year. Despite the cost, she still seems content with the current direction and success of the company.

NSA To Implement Surveillance On Stock Market

The seal of the U.S. National Security Agency. The first use was in September 1966, replacing an older seal which was used briefly. For more information, see here and here. (Photo credit: Wikipedia)

The Financial Industry Regulatory Authority's database tracks investors subject to investigation for wrongdoing. However, it was recently revealed that the National Security Agency can review private financial information of these investors. They can track and access this information in real-time. Even trades can be seen as soon as they occur. Therefore, the Comprehensive Automated Risk Data System seems to have welcomed such a development. Corporations and high-volume traders are known to fix the stock markets. 

Then again, the government is known to manipulate the markets to avoid crashes and other issues. Research has shown that the NSA is more than willing to influence transactions on the market. Documents have revealed the NSA could be accessing financial institutions and changing around the funds in bank accounts. Its widely agreed upon that no government entity should engage in such practices. 

The NSA uses various databases in order to accomplish these illicit acts. Likewise, this particular agency is known to monitor credit card transactions through various companies. It's highly likely that the CARDS database will be used to influence the Stock Market. Unfortunately, the repercussions of this development could be huge. There is no reason that the government should stick its hand in the markets in this day and age.

Warmer Weather Helps Accelerate Economic Growth

English: United States consumer Confidence 1978-2010 from University of Michigan survey. Data source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis: Consumer Confidence [UMCSENT] ; U.S. Department of Labor: Bureau of Labor Statistics; accessed August 14, 2010. (Photo credit: Wikipedia)

Springs thaw aiding economic revival

All recent business and government reports are indicating that the U.S. economy is on the rise from the cold season.

The economic experts are projecting that in 2014 there will be accelerated growth happening after two years of slow but steady improvement.

The economy continues to gain momentum as the temperatures continue to rise. Factories are hiring as they get busier and busier. Consumers are spending much more and the banks are easing up on their restrictions of loans to businesses. These positive signs are appearing throughout the United States.

TD Economics' senior economist, Michael Dolega has pointed out how the economy suffered due to the chilling winter but is poised for a revitalization as the consumers are emerging from hibernation.

For the third straight month, a popular index based on factors such as interest rates, stocks, employment and consumer confidence has gone up.

Ken Goldstein points out a 0.8 gain to 100.9 on the index indicated rising growth through spring and summer.

During the first quarter, there was a 1.3 percent growth in the economy and experts anticipate a 3 percent growth from April to June.

The Federal Reserve has happily shown that manufacturing continues to pick up.

Batesville Tool & Die has been releasing data showing increased sales.

Employers all over are anticipating much stronger growth in the coming days.

As the U.S. economy improves, binary options and swing trading options are expected to increase as well.

Google's Tax Avoidance Move

Google Appliance as shown at RSA Expo 2008 in San Francisco. It was only a computer case with no parts inside.-Daniel A (Photo credit: Wikipedia)

Bermuda has no corporate income tax, and one of the companies that has most recently benefited from this is Google. The company moved around $10 billion on profits to the small island country, and managed to avoid around $2 billion in income tax.

Both the US and the UK government have frowned upon this method of tax avoidance, perhaps because both countries are fighting huge deficits at the moment. A recent move which may go some way towards dealing with these tax avoidance measures is one by the European Union to blacklist certain tax havens, and to promote anti abuse rules.

Most European governments disapprove of the tax avoidance strategy that Google and other companies have adopted, according to Richard Murphy, of UK based Tax Research LLP. He went on to say that either services will need to be scaled back, or other taxpayers will somehow have to pay more to compensate for Google's non payment of their taxes.

On the other hand, Google points out that it has invested in several European countries with great success, and that it is complying with all the tax laws. In addition, Google has invested heavily in east London tech companies and currently has around 2,000 employees in the UK.

Back To School Shopping With Sales Tax Holidays

In 2005, North Little Rock voters approved a two-year, one-percent sales tax for construction of the Dickey-Stephens baseball stadium on land adjacent to the Broadway Bridge. In 2007, it became the home of the Arkansas Travelers minor league baseball team affiliate of the MLB Anaheim Angels. (Photo credit: Wikipedia)

In the United States, parents of school age children know very well what that term "Back-To-School" means. This is a time during the first part of August that parents must make purchases of school supplies and clothing in order to prepare their children for school. Luckily, for those in the sixteen states that offer it, this also means special sales tax holidays to help families financially. Whether they are buying uniforms, school supplies or books, parents can take advantage of buying the items tax-free during this time. During the first weekend of August, residents in North and South Carolina, Virgina, Alabama, Florida, New Mexico, Arkansas, Louisiana, Tennessee, Iowa, Oklahoma and Missouri have this advantage. Texas and Georgia have their sales tax holidays the second weekend of August. Maryland chooses to have its holiday the entire week of August 11 through 17, while Connecticut participates the week of August 18 through 24.

Retailers often choose to include extraordinary sales during this time to increase their revenue. Parents should look at this shopping time as having the sales potential of Black Friday. This means get to the store early and be prepared.

Shopping for back-to-school items can be very costly. However, for those who are lucky enough to live in a state that has a tax holiday, the stress of spending money can be eased.

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Obamacare, Taxes, And TurboTax: What's The Connection?

English: This is a diagram depicting the percentage in US who have no health insurance by age. (Photo credit: Wikipedia)

A recent survey shows that nearly 50% of Americans don't know the tax reporting requirement for health insurance. All taxpayers will need to report their current health insurance status on their 2014 tax returns. Since tax-filing season is about to begin, Intuit ran the TurboTax Health Survey with Harris Poll. Most Americans know very little about the connection between taxes and health insurance.

Still A Lack of Knowledge Surrounding Obamacare

As dictated by the Affordable Care Act, known as Obamacare, Americans need to prove that they own qualifying health insurance. They need to prove this on their 2014 taxes in order to avoid a tax penalty. Over 62% of uninsured Americans know they're required to pay a penalty if they lack health insurance. However, 87% of those same individuals don't realize that the penalty to avoid this penalty has already passed.

TurboTax Set To Help Taxpayers With These Issues and Others

Health coverage purchased in the current open enrollment period through February 15 won't apply to this year's return. They'll apply to 2015's returns filed in 2016. Even though open enrollment is currently underway, Americans still don't know the connection between healthcare and taxes. TurboTax will warn Americans about such deadlines and show them how to fix these issues in the future. Of course, those with coverage before the deadline won't face any penalties.

Other Information From The Survey

Nearly 90% of Americans have health insurance, but residents of the South have lower coverage rates than other regions. Also, almost 50% of Americans aren't aware of premium tax credits that exist to make health insurance cheaper for low-income families. Nearly 75% of Americans with coverage from an exchange plan to renew their coverage for the following year. TurboTax currently offers a free resource for taxpayers concerning Obamacare at TurboTaxHealth.com, which users should visit immediately.

A Rise In Company Profits Shows Itself

Netflix has integrated its streaming player in many consumer electronics devices including the XBox 360 (Photo credit: Wikipedia)

Netflix has experienced a rise in the price of their stock due to their increased prices, which have resulted in higher profits. Internet video subscription prices have always been reasonable, yet Netflix has announced it is currently getting ready to jack up its prices for Internet streaming subscriptions by perhaps as much as $2 per month. This is said to be an assistant in covering the cost of additional programming that is going to be added to the current service.

According to the company, the increase will take place in July, with the increase in price being added at that time. The company has stated that United States based subscribers will keep paying $8 per month for a generous, yet undisclosed, period of time.

While these companies have all experienced profit growth and improvement, it has come from a place that was entirely opposite. With the market and economy in such a fickle place, companies are grabbing the profits and learning from them while they can. Time alone will show us the results.

Netflix is a San Francisco based company that made the public aware of the increase in cost on April 22. It has been reported that those with vested interest in Netflix are in approval of the price hike, and the result was a 6% surge in the company's stock. During the first quarter of 2014, Netflix earned $53 million, which paid out $.86 per share of stock. Last year the numbers were $2.7 million, or $.05 per share. To put it delicately, revenue for Netflix has risen 24%: $1.3 billion.

If we take Haliburton into consideration in comparison, we find they reported profit in the first quarter year, however, they had reported loss the exact same quarter last year. Now Haliburton sells their services to companies whose primary focus is natural gas and oil drilling. This would also include hydraulic fracturing. Haliburton sustained damage by the low prices that have undermined their gas drilling services. This company, based in Houston, reported a net income of $622 million dollars @ $.73 per share. Their revenue rose 5% to $7.35 million. Without an added charge, adjusted profit for the company was $.67 one year ago.

Another company is Hasbro. It has found its way home to making profits in this year's first quarter. The sales of toys for girls have been the biggest boost for the toy manufacturer. Having earned $32 million at $.24 per share ending March 30. Years earlier, they were suffering a loss than $6.5 million.

Stock Carnival Ecstasy - November 12, 2013

English: Scan of original life insurance advertising from 1882. (Photo credit: Wikipedia)

Welcome to the November 12, 2013 edition of Stock Carnival Ecstasy. In this edition we start with an article on women and retirement from The Happy 401k site. John Schmoll has a post on protecting your retirement funds when the economy is choppy. An Matt Becker looks at starting to investment from the beginning. Make sure to bookmark, share, tweet, and like our carnival.

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Bill Smith presents Social Security Disability Funds posted at 2012 Taxes - Free Tax Filing Options, saying, "Mr. Hoffman, who is endorsed by the American Trial Lawyers Association, offers workers compensation assistance for clients, and also helps to win personal injury and Social Security Disability funds for those with a substantial case."

Ward Carson cfp presents Women and Retirement – The Happy 401k posted at The Happy 401k, saying, "Ward Carson is a CERTIFIED FINANCIAL PLANNER™. He is the owner of The Happy401k.com and the Managing Partner of Cambridge Financial & Insurance Group. Cambridge provides counsel to corporate clients in the areas of qualified retirement plans and executive/employee benefits. Through TheHappy401k.com, Ward shares valuable insight for sponsors and participants of corporate retirement plans."

John Schmoll presents Protecting Your Retirement Funds in These Volatile Economic Times posted at Frugal Rules, saying, "Whenever you invest in the stock market, it’s important to be aware of current economic conditions and how they may impact your retirement portfolio as you seek to build wealth that’ll last for the long run."

stocks

Abdulrasool presents S&P 500 Dividend Aristocrats 2013 posted at Top Dividend Stocks, saying, "S&P 500 Dividend Aristocrats is a listing of all companies in the S&P 500 Index that have consistently increased dividends each year for the last 25 years. You will find some of America's largest blue-chip companies in this index including AT&T, Chevron, Coca Cola, Johnson & Johnson, McDonalds, Procter & Gamble, Wal-Mart and Walgreen. For the year 2013, the S&P 500 Dividend Aristocrats Index had 54 companies that were equally weighted and not favored because of their sizes or market capitalization."

Richard presents City Index Spread Betting posted at RichardPF.

Bryan Chau presents The Ace of Trades - 7 Tips For Flips posted at Success Pen Pal, saying, "tips, investing, stocks, markets, positions, strategies, success"

tips

Gary presents Permanent Life Insurance - Whole, Universal, Variable Universal posted at MyLifeInsuranceQuotes123.com, saying, "Term life insurance the cheapest and most commonly purchased policy in the United States, but what about permanent coverage? Researching all your options, not just the popular ones, is essential to finding the best policy for your needs. Check out this comprehensive guide on permanent life insurance and see if it makes sense for your family."

Gary presents Life Insurance Types posted at MyLifeInsurance101, saying, "Term life insurance may be the most widely known type of policy, but what about whole, universal and variable life insurance? Despite terms popularity, wouldn't it be wise to thoroughly research the other types available? Here is a guide to help you think about the factors affecting which kind of policy may be best for you and your family's financial security."

Matt Becker presents How to Start Investing From Scratch – Part 1 posted at Mom and Dad Money, saying, "This is the advice I would give myself if I were starting from scratch, with little money or understanding of investing. If you put your mind to it, you can probably accomplish all of this within the span of a few weeks. Remember that your initial investment returns are relatively unimportant to the long-term outcome, so the most important thing is to get enough of an understanding that you feel comfortable and then to just get started."

Bryan Chau presents How To Maximize Your 401K - All The Way! posted at Success Pen Pal, saying, "401k plans, investing, money, savings, retirement, funds, stocks, strategies, success, etc."

tutorial

gmeinna presents Investing With A Broker: How to Get Started posted at BobbyFinance.

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Stock Carnival Ecstasy - October 15, 2013

Cover of Beating The Stock Market

Welcome to the October 15, 2013 edition of Stock Carnival Ecstasy. We start this edition with an article from Matt Becker who looks at beating the stock market. Ward Carson has the Top 10 Things you need to know about your employer’s 401(k) plan. John Schmoll has a nice review of OptionsXpress. And finally Bill Smith previews the new program from the IRS called Fresh Start Program.

Matt Becker presents Why Do You Have to Beat the Market? posted at Mom and Dad Money, saying, "When we step back and look at the bigger picture, it becomes pretty clear that beating the stock market is a fairly irrelevant goal for most of us. We have actual financial goals that truly matter to us, and these goals are most effectively achieved if we completely ignore the desire to beat the market. So feel free to let go of the marketing hype and spend your time and money in a way that truly benefits you."

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Bill Smith presents TurboTax Is Integrating With EHealth posted at 2013 Taxes, saying, "eHealth, the United States’ predominant private Internet health insurance exchange, has announced that it will enter into a partnership with Intuit Inc.."

Ward Carson cfp presents Top 10 Things to know about your employer’s 401(k) plan posted at The Happy 401k, saying, "Valuable insight for corporate retirement plan sponsors and participants"

Bill Smith presents Make Your Individual Financial Troubles A Thing Of the Past With This Useful Info posted at 2011 Tax, saying, "Numerous individuals discover their finances have become one of the most stressful and confusing elements of their adult lives."

Bill Smith presents Tech Startup Funding Options - Captured Technology posted at Captured Technology, saying, "Getting tech startup funding is always a challenge and many techpreneurs often find themselves shutting down their businesses before they even get a chance to commercialize their ideas."

John Schmoll presents OptionsXpress Review: An Online Brokerage Worth Looking At posted at Frugal Rules, saying, "Investing in the stock market is vital to building wealth and with the variety of options available of where to invest it can be confusing. Choosing a good brokerage that has good offering and low fees can be a great way to help grow your retirement portfolio and get your investing on the right foot."

stocks

John Schmoll presents Has an Uncertain Stock Market Derailed Your Investing Plan? posted at Frugal Rules, saying, "If you’ve been following the news the past few weeks it has made it difficult to know what to do with your investment portfolio. The fact is there is always something going on in the news and the best thing is to focus on your investing goals and continue to work on building wealth and growing your retirement portfolio."

Bill Smith presents Rating Royal Bank Of Scotland Today posted at FastSwings, saying, "Royal Bank of Scotland Group operates in both the United Kingdom and the United States. Its operations in other countries are minimal in comparison."

tips

Bill Smith presents IRS Fresh Start Program posted at 2012 Taxes - Free Tax Filing Options, saying, "There is a new system called the IRS Fresh Start Program which aims to make it easier for people to pay back taxes and avoid a lien coming against them. There are three major parts to the IRS program."

Bryan Chau presents Don’t Shun From Exchange-Traded Funds (ETFs) posted at Success Pen Pal, saying, "exchange-traded funds, ETFs, investing, business, wealth, retirement, success, market indexes, etc."

Justin @ Root of Good presents Simplest Way to Manage Investments, Spending, And Income: Personal Capital posted at Root of Good, saying, "Justin at Root of Good explains how Personal Capital, an online personal finance and wealth management tool makes tracking expenses and income easier, and managing asset allocation and risk much simpler. All your finances in one screen!"

Gary presents Is Life Insurance Tax Deductible? posted at MyLifeInsuranceQuotes123.com, saying, "Is life Insurance tax deductible? Is life insurance taxed at all? How about estate taxes, death benefit payouts, and premiums – how are all these aspects of life insurance treated under the tax code? Check out our guide to answer the most important questions you’ll have about life insurance and taxes."

simon elstad presents Investment Options for Beginners posted at Modest Money, saying, "For most people, life revolves around living from one paycheck to the next. Only a handful of folks have mastered the art of saving and investing effectively. As you delve deeper into the markets, so you will learn to ascertain which investments are more likely to yield profits than others."

Gary presents Return of Premium Term Life Insurance posted at MyLifeInsuranceQuotes123.com, saying, "Ever heard of free life insurance? Thought it was a myth? Check out our guide on return of premium life insurance and the pros and cons of a policy that refunds all your premiums if you outlive the term period. Should you buy ROP term life insurance?"

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Stock Carnival Ecstasy - April 23, 2013

Kevin Marks, author of the weblog Epeus Epigone, software engineer and principal engineer for Technorati. (Photo credit: Wikipedia)

Welcome to the April 23, 2013 edition of Stock Carnival Ecstasy.In this edition of the carnival we start with an article by Bill Smith on checking your tax refund status online with the IRS. John Schmoll has a great Scottrade review on his blog Frugal Rules. Vytas looks at making a fortune when the trends change. Hope you like all the articles, bookmark, share on Facebook, Tweet on Twitter and come back next time.

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Bill Smith presents Checking Your Tax Refund Status After Using TurboTax 2013 posted at 2010Taxes, saying, "After filing your taxes with TurboTax 2013, you’ll immediately begin wondering about the status of your refund."

Bill Smith presents TurboTax Fights Filing Reform posted at 2011 Tax, saying, "TurboTax 2013 would have suffered a clear loss of revenue by implementation of this plan."

John Schmoll presents Online Brokerages I Use: Scottrade Review posted at Frugal Rules, saying, "There are many outlets for your choosing if you want to invest in the stock market. They all have their features that set them apart. Find the one that fits your needs for overall investing as well as investing for your retirement needs."

Bill Smith presents United Way Offers Free Tax Preparation To Qualified Earners posted at 2012 Tax - Free Tax Filing Options, saying, "It is that time of year again; time to get out your tax documents, records, and W2s and do your taxes."

Bill Smith presents The Benefits Of Using TurboTax 2013 To File Your Taxes posted at 2012 Taxes - Free Tax Filing Options, saying, "If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year."

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Vytas presents Fortunes are made when trends change posted at Trend, saying, "Markets present a lot of opportunities for short term, intermediate term and long term traders when specific market conditions appear for those who use appropriate trading system for specific market conditions. It is of uttermost importance for those who monitor market swings and trends to capture a change in the trend at the very inception of it, enter position or line of positions and then take a good bite off the move which follows."

Bill Smith presents Top Tax Scams To Avoid With Turbo Tax 2013 posted at 2014 Taxes, saying, "Using Turbo Tax 2013 is a good way to avoid tax scams in the first place, seeing as how you can e-file your paperwork with confidence that it will go directly to the IRS."

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Stock Carnival Ecstasy - March 28, 2013

Pedal car collection (Photo credit: Hugo90)

Welcome to the March 28, 2013 edition of Stock Carnival Ecstasy.In this edition we have an article from Frugal Rules written by John Schmoll asking if it is time to get out of the stock market with the S&P 500 reaching a new high. Bill Smith has a number of tax articles including one of TaxCaster, a Turbo Tax mobile application that helps you to estimate your taxes for the year. We  finish with a nice post from the site BobbyFinance on wisely investing your money. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back real soon.

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John Schmoll presents Is it Time to Get Out of the Stock Market? posted at Frugal Rules, saying, "There has been a lot of talk lately about the stock market with its “historic” highs and what investors should do. This is a great time to remember to stick t.o your investment plan and not give in to fear."

Bill Smith presents Turbo Tax Television Ads Will Continue posted at 2011 Tax, saying, "H&R Block has failed its lawsuit and injunction attempts two times against Intuit’s TurboTax."

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Bill Smith presents How Your Kids Can Boost Your IRS Refund posted at 2014 Taxes, saying, "A considerable amount of tax can greatly help with your tax return upon declaring your legal dependent."

Bill Smith presents Estimate Your Tax Refund With The Free TurboTax Taxcaster posted at 2013 Taxes, saying, "Tax time is drawing near and like most other Americans, you need to file and prepare your taxes to avoid penalties and late fees from the Internal Revenue."

Bill Smith presents Innovations For Turbo Tax 2013 posted at 2013 Taxes, saying, "Professional accounting can help business owners save time and resources, and the Turbo Tax 2013 CPA Select edition by Intuit may be the ideal solution for tax filing season."

Bill Smith presents Most Taxpayers Dont Cheat posted at 2008 Taxes, saying, "If you are racing to get your taxes done by the April 15 deadline, you are not alone. Millions of Americans will file their taxes this year, and more than ever will file taxes online."

Bill Smith presents Tips For Maximizing Your Return posted at 2009 Tax, saying, "When you use free Turbo Tax 2013follow, it is important to make sure that you maximize your return."

Bill Smith presents Easy Online Tax Filing With Free Turbo Tax 2013 Software posted at 2009 Taxes, saying, "Having expert tax assistance can be the best way to avoid financial penalties, complete your filing on time, and maximize your refund."

Bill Smith presents The Turbo Tax 2013 Advertisement Controversy posted at 2010Taxes, saying, "The Turbo Tax 2013 advertisements were undoubtedly memorable and those who have seen them will not soon forget them."

Bill Smith presents TurboTax Helps Users Get More Accurate Tax Returns posted at 2010 Tax, saying, "Each year, Americans are forced to go through last year’s financial information and prepare a tax return."

Bill Smith presents An Overview Of The Turbo Tax Military Edition posted at 2011 Taxes, saying, "Preparing and filing your taxes on time and to your best advantage may be difficult at any point in your life, but being in the military may pose additional challenges."

Bill Smith presents The Benefits Of Using TurboTax 2013 To File Your Taxes posted at 2012 Taxes - Free Tax Filing Options, saying, "If you have never used Turbo Tax before, you need to consider filing your taxes with this computer program this year."

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gmeinna presents Investing Your Money Wisely (Part 1/2) posted at BobbyFinance.

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Stock Carnival Ecstasy - January 15, 2013

Graph showing the rate of a $1000 initial investment over a ten year period with a steady interest rate of 20%. Created using the graph feature of Excel 2007 (Photo credit: Wikipedia)

Welcome to the January 15, 2013 edition of Stock Carnival Ecstasy. In this edition we start with three articles from Bill Smith no the Fiscal Cliff and how almost everyone's (77%) taxes will be going up. We also have 4 Helpful Free Investment Tools from John Schmoll. And finally Sheri takes a look at 3 Money Saving Tips to help Your Monthly Budget. Hope you enjoy all the articles, bookmark, share, like on Facebook, tweet on Twitter and come back next time.

James Dean presents Getting Out Of Debt- Are Debt Consolidation Companies A Bad Idea? posted at Unsecured Bad Credit Debt Consolidation & Personal Loans Online, saying, "Some people think that debt consolidation companies are a bad idea and this is a common misconception. They can sometimes be confused with unscrupulous services that take your money and do very little in return. However, if you find a trustworthy business and check with your local BBB, you can find a reliable service that will provide a great deal of financial assistance."

Gregory Arnold presents Does Anyone Know Reputable Online Cash Advance Lenders? | Online Fast Cash Loans posted at Online Fast Cash Loans, saying, "It is normal for people to face financial problems. These problems can be dealt with easily, but when salary is not expected soon, that becomes very difficult. However, nowadays there are more efficient ways of dealing with such problems. One of them is applying for cash advance. To do this, you need to look for a good lender. So, the question still remains: does anyone know reputable online cash advance lenders?"

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Bill Smith presents Understanding The Fiscal Cliff Deal posted at 2012 Tax - Free Tax Filing Options, saying, "The taxes paid by most Americans will definitely increase despite the fiscal cliff deal just signed by Congress."

Bill Smith presents The Fiscal Cliff Fact Check posted at 2012 Taxes - Free Tax Filing Options, saying, "Checking the facts on President Obama and the ‘fiscal cliff’ deal."

Bill Smith presents Fiscal Cliff Deal – 77 Percent Of All Americans Set To Pay More Taxes posted at 2012 Taxes - Free Tax Filing Options, saying, "The President has claimed that the Tuesday night fiscal cliff deal will reduce middle class taxes in America. However, taxes for most Americans will increase in 2013."

John Schmoll presents 4 Helpful Free Investment Tools posted at Frugal Rules, saying, "Investing in the stock market can be a challenge for the seasoned investor, much less a newbie investor. By using some free investment tools you can make more informed investment decisions that will benefit your portfolio."

Super Saver presents Be Careful of Investing Success Stories posted at My Wealth Builder, saying, "I am wary of individual investing strategies that seem to have only successful outcomes."

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Sheri presents 3 Money Saving Tips For Your Monthly Budget Worksheet posted at Sheri Otto.

ioan draniciar presents How to Turn a $10 Domain into $250 in 48 Hours or Less posted at Lazy Cash Making Formula, saying, "The good news are that there is a process to find highly marketable domains. I am going to show you a system for uncovering highly marketable domains that you know they're worth hundreds or even thousands of dollars ahead of time. Once you find an excellent domain name, I am going to show you multiple ways of finding the best buyers for that domain."

That concludes this edition. Submit your blog article to the next edition of stock carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Forex Exchange Trading History

Global foreign exchange market turnover2 (Photo credit: Wikipedia)

The foreign exchange market is an exchange for the global decentralized trading of international money. It gives people the options trading in the foreign market. The market determines the values of different currencies.

The exchange market helps those who want to international trade and investments by helping with currency conversion. It is also the carry trade. In a typical transaction, the group buys a quantity of one currency by paying a quantity of another currency.

Some of the reasons why the foreign exchange market is different is because of its geographical dispersion, the low margins of profit compared with other fixed income markets, and the leverage to enhance profit and loss margins.

As for the forex history, the modern foreign exchange market began to form in the 1970s after decades of government restrictions on foreign exchange transactions. In the 1980s trading grew more and the greatest proportion of trades was within the United Kingdom and the United States was second in trading. The top currency traders as of today are Deutsche Bank, Citi, Barclays Investment Bank, UBS AG, HSBC, JPMorgan, Royal Bank of Scotland, Credit Suisse, Morgan Stanley, and Goldman Sachs. Also, the most traded currencies by value today are United States dollar, Euro, Japanese yen, Pound sterling, Australian dollar, Swiss franc, Canadian dollar, Hong Kong dollar, Swedish krona, and New Zealand dollar.

So, as you can see the market is a good place to do trading with different currencies.

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Bankruptcies that Shook the World (2000-2012)

2012 began with a stark warning issued by the World Bank. In its six month review of the global economy published in January, the Washington based institution advised governments to make preparations and contingency plans for an economic downturn similar to that experienced in 2008-09. Andrew Burns, the report’s author, stated that an “escalation of the crisis would spare no one”.
The fear of a double dip recession has not abated, with the worsening eurozone crisis increasing concerns around the world. In the twelve years spanning from 2000-12, there occurred the ten largest bankruptcies in world history. These monumental financial events have become key points on the grave road to our current global economic situation.
Intro image courtesy of alles-schlumpf

Thornburg Mortgage

The huge US mortgage lender was felled by the devastating combination of the credit crunch and US housing crash. Valued at $36.5 billion when it filed for Chapter 11 in May 2009, Thornburg Mortgage was unable to recover. Forced into liquidation, the company no longer exists and its remaining assets are still being sold to meet the claims of its numerous creditors and equity holders.

Chrysler

The Detroit automobile manufacturer is an American engineering icon. Nevertheless, when it showed signs of toppling, which would have made an enormous workforce redundant, President Obama stepped in and ordered Chrysler to file for bankruptcy in April 2009. The company was placed in the hands of the United Automobile Workers. Valued at $39.3 billion when it filed Chapter 11, the company has thankfully since recovered.

MF Global

Filing for bankruptcy in Oct 2011, while valued at $41 billion, blame for the plight of US brokers MF Global was laid firmly on the debt crisis in the Eurozone, which, of course, has taken a series of dramatic twists in recent weeks. A grand scale investigation is ongoing to look into reasons why approximately $1 billion of customer’s money, which should have been separate from the firm’s, is missing without a trace.

Conseco

The large US financial firm is a notable example of what can occur when a strategy of too eager and rapid acquisition comes undone. Filing for Chapter 11 in 2002, while valued at $61.4 billion, it was Conseco’s aggressive acquisition of firms throughout the ‘90s, which included Green Tree Financial, the largest US lender to mobile-home buyers, which caused it to succumb to immense debts. Conseco has now recovered.

Enron

The Enron scandal has come to symbolise our current epoch of corporate greed and unscrupulousness in the same way the Watergate scandal symbolised the epoch of political underhandedness, paranoia and corruption in the 1970s. The exposing of Enron’s fraudulent accounting activity led to it filing for bankruptcy in 2001, while valued at $65.5 billion, and the dissolution of auditing giant Arthur Andersen. Enron was liquidated.

CIT Group

Fortunately saved by a TARP bailout just 38 days after filing for bankruptcy in November 2009, while valued at $80.4 billion, the CIT Group is another notable example of what can happen when a commercial lender over expands their portfolio, without adequately heeding the warning signs of an ailing economy and impending credit crunch.

General Motors

The world gasped when another icon of American engineering filed for bankruptcy in June 2009. At the time General Motors was valued at $91 billion, but a crushing sales slump during the recession and the overwhelming financial crash of 2008-9 forced the automobile manufacturers into a downward spiral from which only a government bailout could save them.

WorldCom

It was extremely ironic that the telecommunications monolith WorldCom, which specialises in PR, should suffer such a reputation damaging disaster when they were forced to file for bankruptcy in July 2002, while valued at $103.9 billion. Charged with accounting and executive malpractice (not surprising given that they had joined with Enron) CEO Bernie Ebbers was sent to jail. WorldCom was eventually bought out by Verizon.

Washington Mutual

Filing for Chapter 11 in September 2008, while valued at $327.9 million, the Washington Mutual disaster came hot on the heels of the collapse of Lehman Brothers during the financial crash of 2008-9. JPMorgan Chase immediately bought out the banking operations of Washington Mutual when it succumbed to its immense losses. The fall of Washington Mutual is the largest bank failure in US history.

Lehman Brothers

The seismic shockwaves sent out when Lehman Brothers, then the fourth largest investment bank in the US, filed for bankruptcy in 2008, while valued at $691 billion, are still being felt today. The government refused a bailout and the financial market entered a period of marked instability, now referred to as the “perfect storm” or “panic of 2008”. The collapse of Lehman Brothers was the largest bankruptcy in US history and the investment bank was subsequently liquidated.

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