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Wednesday, June 6, 2012

Reuters Money: The fortunate 400: David Cay Johnston

Reuters » Money 2012
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06/6/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
The fortunate 400: David Cay Johnston
(Reuters) - Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year's election campaign.
Stern Advice: Are GM-like pension offers a good deal?
WASHINGTON (Reuters) - Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.
Unchanged tax, health policies to explode U.S. debt: CBO
WASHINGTON (Reuters) - U.S. public debt would balloon to twice the size of the nation's economy in 25 years if current tax and spending policies are extended, Congress' budget referee said on Tuesday, delivering fresh fodder for a year-end budget brawl.
In U.S., same-sex spouses may face financial tangles
NEW YORK (Reuters) - Christel de Vries, a Dutch outsourcing manager for Accenture, sealed her love for her female partner twice, once in 2001 in Amsterdam under Dutch law and again in 2007 in a civil union in New Jersey. Yet under U.S. federal law, she isn't married — and that is creating obstacles in her divorce.
Is there a Great Past Performance Penalty?
(Reuters) - As we are in the finals of the hockey season, I wonder whether there is a penalty box for funds that have had great long-term investment performance.
Health care court ruling could paralyze Medicare
CHICAGO (Reuters) - Opponents of President Barack Obama's health care law have been predicting dire consequences for seniors on Medicare ever since the legislation was signed last year. The warnings are mostly political spin, but there could be real problems if the U.S. Supreme Court strikes down the Affordable Care Act this month.
Some U.S. colleges to disclose more on education costs
WASHINGTON (Reuters) - Ten private U.S. colleges and state university systems announced plans on Tuesday to be more upfront about the costs of higher education, including detailing the monthly loan payments students would face after graduation.
The power of the prenup
NEW YORK (Reuters) - For centuries, men and women didn't marry for love -- they married for money. The union of a man and woman was strictly a business arrangement to create financial security and combine fortunes as well as empires.
MF Global trustee sees $3 billion in potential claims
(Reuters) - MF Global Holdings Ltd could have more than $3 billion in claims against its former affiliates, Louis Freeh, the trustee overseeing the wind-down of the parent company of the collapsed broker-dealer, said in his first status report.
For euro zone, life does not equal hope: James Saft
(Reuters) - As events in Europe show, an unhappy marriage can be prolonged indefinitely but where there is life there is not always hope.
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