Benefiting from Reverse Mortgages and Home Tax Tips
A reader asks about reverse mortgages to let a 93-year-old aunt stay in her home. Bruce explains these loans provide monthly payments and the house covers the debt after death. Also addressed are capital gains tax rules, survey importance, and hiring a caregiver with tax implications.
MENTIONED IN THIS ARTICLE
Bruce
O.L
Villa Hills
K.A
Topeka
Kan
D.H. Henderson
IRS
California
Eureka
Calif
B.E
Inflation signals calm as markets rally on PPI data
The PPI rose 0.2 percent in July with the core rate flat, suggesting little near term inflation. Investors pushed the Dow up 184.26 points to 10,973.65, the Nasdaq up 88.32 to 2637.81, and the S&P 500 up 29.52 to 1327.68 as economists foresee a modest 0.25 point rate rise by the Fed at August meeting in light of wage and productivity trends. Leaders cited include Alan Greenspan and analysts from CIBC Oppenheimer and Waddell & Reed.
MENTIONED IN THIS ARTICLE
Fed
Dow
Standard & Poor
Sayers
Henry Herrmann
Waddell & Reed Inc
Overland Park
Kan
Cibc Oppenheimer
Steel industry presses for more tariffs on imports
The U S steel industry seeks further punitive tariffs despite recent import drops. A Friday ruling targets seamless pipes used by oil and gas producers with cases pending on other products. The ITC found shipments from Japan, Czech Republic, Romania, South Africa, and Mexico could harm U S producers.
MENTIONED IN THIS ARTICLE
Washington
U.S
Brink Lindsey
Center For Trade Policy Studies
Cato Institute
U.S. International Trade Commission
Japan
Czech Republic
Romania
South Africa
Mexico
Reynolds rejects Alcoa bid to acquire Reynolds Metals
Reynolds Metals Co. rejected Alcoa Inc. bid of 65 dollars per share in a weekend meeting saying the offer was inadequate and exploring alternatives to maximize shareholder value. Analysts expect bidding competition with Michigan Avenue Partners reportedly making a superior all cash bid.
MENTIONED IN THIS ARTICLE
Richmond
Reynolds Metals Co
Alcoa Inc
Michigan Avenue Partners
Reynolds
Alcoa
Reynolds’ Board of Directors
Lou Anne Nabham
Alain J.P. Beida
Jacques Bougie
Alcon Aluminum Ltd
Canada
Market giants shrink as Internet age redefines value
As the 1990s结束, the world's largest sales leaders like General Motors IBM and Ford remain familiar, but the top stock market values move to Microsoft Intel and Cisco Systems. The article argues size no longer equates with value as IT firms dominate and giants face slow reactions, costly overheads, and pressure to merge or shrink.
MENTIONED IN THIS ARTICLE
London
General Motors
DaimlerChrysler
Ford
Microsoft
Intel
Cisco Systems
IBM
Hewlett-Packard
Cisco
H-P
Sunday rush hits stores in Berlin and eastern Germany
Berlin and other eastern German cities saw hundreds of thousands of shoppers as stores opened on a Sunday despite a general ban. Berlin outlets at Potsdamerplatz and Alexanderplatz welcomed crowds during festival events while Kaufhof organized a shopping district festival. A prior outlet faced a 27000 dollar fine for labeling all items as souvenirs and opening on a Sunday, with authorities saying the labeling was excessive meal.
MENTIONED IN THIS ARTICLE
Berlin
Potsdamerplatz
Alexanderplatz
Tegel
Kaufhof
Also Mentioned on This Page
Smart Money
P.O. Box
Elfers
Fla
Bracewilliams.com
Bruce Williams
The
Dallas Morning News
Federal Reserve
Alan Greenspan
Brian Sayers
Dallas
Cibc Oppeheimer Corp
Jolly Green Giant
Green Giant
Voice
Big Guy
Silicon Valley
Goliaths
Andersen Consulting
Wall Street Journal
Mobil
Exxon
the Journal
Siemens
Gillette
Germany
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