Wednesday, January 26, 2011

How the government spends money

Are you having a hard time paying your bills, making your mortgage payments, or putting your kids through college? You need to know how much of your hard-earned income the government is skimming off and diverting into handouts to immigrants and illegal aliens.



You can read the depressing details in the new 70-page document called "The Economic and Fiscal Impact of Immigration" written by Edwin S. Rubenstein. A Manhattan Institute adjunct fellow with a mile-long scholarly resume, he has been doing financial analysis ever since he directed the studies of government waste for the prestigious Grace Commission of 1984.

The bottom line, which you need to know for your own bottom line, is that U.S. taxpayers are giving more than $9,000 a year in cash or benefits to each immigrant, a third of whom are illegal aliens. That's $36,000 for each immigrant household of four.

Since the U.S. has 37 million immigrants, legal and illegal, the national cost was more than $346 billion last year, which was twice our fiscal deficit. The cost of immigrants is so high because, as Rubenstein writes, "Immigrants are poorer, pay less tax and are more likely to receive public benefits than natives."

Big Brother hasn't told you this bad news, perhaps because the government doesn't want you to know why your paychecks are shortchanged. Even the huge amnesty bill that was defeated last year didn't contain one word about its budgetary consequences.

The financial burden that immigrants impose on education starts with the 3.8 million K-to-12 students enrolled in more-expensive classes for the non-English-speaking. When we add up the costs of hiring specialized teachers, training regular teachers, student identification and assessment, and administration costs, the total amounts to an estimated $1,030 per pupil, or $3.9 billion.

Of the 48.4 million pre-K through 12 public school children, 9.2 million or 19 percent are immigrants or the children of immigrants. In the next few years, immigration will account for virtually all the increase in public school spending.

Look at the $1.5 billion cost of incarcerating 267,000 criminal aliens in federal prisons. That's not the worst of it; prison capacity is limited, so 80,000 to 100,000 other criminal aliens have been prematurely released to prowl our streets.

Criminals also impose heavy private costs on their victims. Rubenstein estimates the losses of income and property, hospital bills, and emotional suffering at $1.6 million per assault- or property-crime offender.
Rubenstein's report includes all sorts of costs that other observers conveniently ignore, such as the Earned Income Tax Credit. EITC gives an average cash payment of $1,700 per year to 1 in 4 immigrant households.
The emergency medical treatment given free to illegal aliens is another enormous cost, causing some hospitals and emergency rooms to close. Emergency means any complaint from hangovers to hangnails, gunshot wounds to AIDS.

Even after some restrictions were imposed in 1996, 24.2 percent of immigrant households receive Medicaid, whereas the figure for native-born Americans is 14.8 percent. Rubenstein calculates that Hispanics account for 19.2 percent of Medicaid enrollment, while they are 13.7 percent of the U.S. population.

The FHA has had a policy of increasing home ownership among low-income immigrants and therefore approved FHA mortgages on homes with a down payment of only $200 to $300 and marginal income. Since mortgagors have so little invested in the house, they can walk away from it when they can't meet the payments, and this has resulted in neighborhoods of abandoned, boarded-up housing.

Refugees are a large and growing fiscal burden because they become immediately eligible for generous taxpayer-paid benefits. Evidence shows they stay dependent on these programs and start chain-migrating relatives under the "family reunification" law.

The Interior Department spends millions of dollars to clean up the mountains of trash discarded by illegal aliens crossing into California, Arizona, New Mexico and Texas.

Some immigration advocates peddle the notion that immigration will solve the future financial burdens of Social Security. Rubenstein shows how foolish is this prediction because today's low-wage workers will surely become tomorrow's expensive retirees.

Another cost that few talk about is that immigrant workers depress the wages received by native-born Americans, and that causes a $100 billion shortfall in federal tax revenue. Harvard University Professor George Borjas found that each 10 percent increase in the U.S. labor force from immigration reduces wages of native-born Americans by 5.25 percent.

Some liberals are trying to tell us to fight a recession by bringing in more immigrants, but that would only raid the pockets of U.S. taxpayers to support more millions of non-taxpayers. It's hard to say which is more outrageous: the diversion of Americans' personal income into cash handouts to foreigners, or the federal government's policy of concealing the fiscal impact of immigration.


Earning more money


Get paid for your opinions in focus groups 

But there’s another popular way to get paid for your opinions these days, and many people are earning full-time income doing it.
 
It’s called a focus group – and in fact, it’s been used for decades by marketing firms and other companies hoping to gain public opinion about new products, brand names and other subjects.
 
How do focus groups work?
When selected for a focus group, you are generally invited to meet in-person with a group of other people, generally coordinated by a market research firm. The meeting can last a few hours or all day, with lunch and short snack breaks.
 
Generally, the people coordinating the focus group will present certain products or subjects to the group. For example, they might even show a TV commercial that hasn’t yet been shown to the public. Participants in the group are then asked to talk to each other about the commercial, how they feel, what they think, etc. They may also be asked to write down their thoughts privately.

In general, there will be several people watching the focus group from the background, taking notes on what the participants say and do.
 
How much money can I make?
The money you make is generally dependent on how long the focus group lasts. For example, you might be paid anywhere from $100 to $500 for an all-day focus group – with free lunch, coffee, snacks, etc. Some may pay by the hour, between $10 to $40 an hour, again depending on how much “work” is involved.
 
How do I join a focus group?
A quick Google search for “focus groups” will reveal many different companies that specialize in helping people find focus groups in their area. Be sure to research each company carefully, as there are many imposters online that simply charge you to join their network but never actually find a focus group for you.
 
Also, keep in mind that many focus group companies may not select you if you have been in another focus group within the previous few months. However, many times, if the subject of the focus group is not at all related to the previous ones you’ve participated in, then you may be eligible.
 
Earning a full-time income from focus groups may take some time. But if you could use an extra few hundred dollars every once a while, it’s a great way to get an extra paycheck just for expressing your opinions.

Tuesday, January 25, 2011

Natural gas prices today

NatGas Chart Aug10




What No One Else Has Caught... Yet



I'll make this short.
Here’s what no one else will tell you with regards to natural gas: Buy it — or miss the historical September run.
You see, it doesn’t matter what the bears say. It’s time to buy natural gas while no one’s looking.
Just as I called the $4 bottom on natural gas on May 19, I’m calling for natural gas to rally once again…
“You’ve heard it all before: Supply is outpacing demand… Our ability to horizontally drill for shale gas has made the supply picture seem unlimited... the short-term outlook is bleak,” I said back in May.
“But those are all fine examples of herd-mentality thinking. Contrarians, like us, though, are buying hand over fist.”
And we were right. Natural gas would spike well above $5 in coming weeks.
But, as expected, the bears are coming out again as natural gas pulls back. And as a result, they might miss out on the buying opportunity of a lifetime.
This may be because they don’t want to watch the charts:
Notice that every September — even in the steep 2008 sell-off — natural gas has spiked big.
And the reason for this annual spike is simple: Summer is typically the worst time for natural gas consumption, setting up the perfect trade for natural gas stocks around the month of September as consumption turns up.
Last summer, for example, natural gas suffered. But once September rolled around, natural gas roared from $2.50 to more than $5 by January 2010.
And it will do the same thing this year.
In fact I’m buying as much natural gas as I can right now in Pure Asset Trader… and I advise you to do the same.
But how do you know when exactly to pull the trigger? 
One way is to watch for MACD (moving average convergence divergence) and DMI (directional movement indicator) to crossover and agree. When they do, it's time to pull the trigger.
Let’s start with the Dow, as an example...
Dow chart August 2010
Take a look at the MACD and DMI on this chart of the Dow.
Notice in this chart the noticeable drop from 11,200. As soon as the Dow began to show signs of cracking at the top, DMI- (red line) crossed above DMI+ (blue line).  At the same time — and this is important — MACD (12, 26), the blue line, crossed under MACD (9).
When the two agreed, we had confirmation of a big move on the way, and the market collapsed. Used alone, these two indicators — when in agreement — are powerful tools.
Here’s how we’ve used them to find natural gas stocks.
Knowing that natural gas stocks historically pop in September, we can also use MACD and DMI to determine our exact entry price. Let’s use PetroQuest (PQ) as an example here.
petroquest chart
Notice in the chart that MACD was already displaying a bullish signal (MACD blue line was above MACD red line). We just needed DMI+ (blue line) to cross above DMI- (red line) and we had bullish confirmation for upside.
Once we got that in late August/early September in 2009, we bought and watched the stock pop from $4 lows to more than $8 in less than two months.
A 100% gain in no time at all…
It can be that easy.
In the next few weeks, we'll be issuing a brand-new report that details more quick-gain investment opportunities... So keep an eye out on your inbox.


Stay Ahead of the Curve,
Ian L. Cooper

Student debt 2010

The Student Loan Corporation (NYSE: STU), today announced that stockholders of The Student Loan Corporation (“SLC”) voted to adjourn the special meeting of stockholders called to consider resolutions to: (i) approve the sale of certain of SLC’s assets to SLM Corporation (“Sallie Mae”) and (ii) adopt the Merger Agreement among SLC, Discover Bank (“Discover”) and a subsidiary of Discover and approve the merger pursuant to which SLC will become a wholly-owned subsidiary of Discover and each SLC stockholder will receive $30.00 per share of SLC common stock.

The special meeting of stockholders will be reconvened at 11:30 a.m. on December 16, 2010 at 399 Park Avenue, 12th Floor auditorium, New York, New York 10022. The record date for the meeting remains November 1, 2010. Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action.

The Student Loan Corporation also announced that at a hearing on December 1, 2010, the Court of Chancery in the State of Delaware entertained a motion for a preliminary injunction and a motion for partial summary judgment made by the plaintiffs in the consolidated putative class action challenging the Company's previously announced transactions with Discover, an affiliate of Sallie Mae and Citigroup Inc. Following the hearing, the court declined to grant either of the plaintiffs’ motions, thus permitting the special meeting of stockholders and eventual closing of the transactions to move forward.