|August 21, 2009|
One thing you have to say for panhandlers: they at least ask for your money…
The government just takes it. And it's only going to get worse. Our own Charlie Byrne got notice this week that the Palm Beach County Tax Collector was increasing his car registration fees by at least 35%.
Homeowners all across the country can expect increased property taxes…
Real estate taxes are going up too, even as property values fall. Our natural resource editor Russell McDougal knows first hand the tricks that being used to bring in more tax money.
Speaking of pickpockets…
The re-appointment campaign for Ben Bernanke is in full swing. Town-hall meetings in Kansas City, 60 Minutes interviews, the whole nine yards. Apparently, the guy really wants to keep his job. And as far as anyone can tell, he is still Obama's first choice.
Is Petrobas's CEO playing coy?
Jose Sergio Gabrielli, Petrobas's CEO, just announced that he didn't expect his company to meet its 2009 production numbers. At best, he admitted, "it is going to be a hard task".
We are not saying that he would stoop to such measures to boost his bank account. We would never say that. Still, you have to admit, it seems a little curious.
Even Gabrielli said that "We think we are the best company, because we have the best knowledge, expertise, technical capacity and can meet financial needs…"
Even one of the world's best investors is bullish on Petrobras.
George Soros, who manages the $2.6 billion Quantum Fund, just made Petrobras his single largest holding. Petrobras now accounts for almost 22% of the total portfolio, and energy stocks are just shy of 50% of his portfolio. If George Soros is this heavily invested in Petrobras, chances are he has done some serious homework, and agrees the production numbers are obtainable.
How to game the market like a gambling pro.
Every stock picker claims to have the perfect set of data to beat the market.
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