Alito Takes The Bait

By Larry M. Elkin, CPA, CFP®
January 29, 2010
Never in living memory has a president chosen to bait the U.S. Supreme Court in his State of the Union message. But that is what President Obama did this week, and Justice Samuel A. Alito Jr. took the bait. Obama and fellow Democrats are livid over the high court’s 5-4 ruling last week that corporations and [...]
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Taxing The Other Guy In Oregon

By Larry M. Elkin, CPA, CFP®
January 28, 2010
Oregon residents don’t like taxes much. Except when someone else is paying. On Tuesday, voters in the state approved two ballot measures increasing taxes on high-income individuals and businesses. Oregon residents in the top tax bracket will now face an 11 percent state income tax rate, the highest in the United States. The new increase will [...]
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State Of His Union

By Larry M. Elkin, CPA, CFP®
January 27, 2010
President Obama will tell us tonight how he thinks our country is doing. We can make our own judgments about how our president is doing. Though January has been a difficult month for Obama, with the loss of the Democrats’ filibuster-proof Senate majority and the collapse of his health care initiative, his first year in office [...]
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Recklessness Has Its Place

By Larry M. Elkin, CPA, CFP®
January 26, 2010
President Obama is moving aggressively to stamp out what he calls “reckless risk” on Wall Street. The place for reckless financial behavior, in the president’s view, is Washington, D.C., where he can direct it. Smarting from his party’s loss last week in Massachusetts, Obama took another swing at his favorite political punching bag – the nation’s [...]
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Accepting Inconvenience For Safety

By Larry M. Elkin, CPA, CFP®
January 25, 2010
Nobody likes going through airport security, but nobody wants the security measures to disappear, either. That’s pretty much how I feel about a new round of government regulations that affect investment advisers and tax return preparers. The new rules will make my life more difficult, and they may contain some contradictions and gaps that will cause [...]
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Free Speech Finally Means All Speech

By Larry M. Elkin, CPA, CFP®
January 22, 2010
After decades of willful blindness, a bare majority of the U.S. Supreme Court has finally acknowledged that it should never be a crime in this country to say, “Vote for Joe.” By allowing corporations and labor unions to buy advertisements extolling or criticizing candidates for public office, the high court has reshaped the American political landscape. [...]
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Time For A SecureNet

By Larry M. Elkin, CPA, CFP®
January 21, 2010
On an early spring day in north-central China two years ago, the People’s Liberation Army held a ceremony to mark the establishment of an information warfare militia unit. Local dignitaries were invited, and the county government noted on its Web site that the militia’s peacetime mission would be to “extensively collect information from adversary networks and [...]
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Why Are Voters The Last To Know?

By Larry M. Elkin, CPA, CFP®
January 20, 2010
I am writing this post at 11:30 a.m. on Tuesday. The polls in Massachusetts have been open less than five hours, and there are more than eight hours to go before they close. Yet I believe political insiders already know that state Sen. Scott Brown, the Republican, has upset Democratic attorney general Martha Coakley for the [...]
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Winds Of Political Change Blow In Massachusetts

By Larry M. Elkin, CPA, CFP®
January 19, 2010
Democrats lose races in Massachusetts about as often as the Harlem Globetrotters lose basketball games, which is why today’s special election in that state is so interesting. Some polls last week indicated that Republican candidate Scott Brown, a state senator, has a chance to beat Democratic attorney general Martha Coakley in today’s balloting to fill the [...]
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Going Where The Money Is

By Larry M. Elkin, CPA, CFP®
January 15, 2010
Question: What do Willie Sutton, Cristina Kirchner and Barack Obama have in common? Answer: They all target banks, because that’s where the money is. Question: Of the three, who is the only one to make peace with the bankers? Answer: Sutton, the career criminal. Before he died in 1980, he made a television commercial for New Britain Bank [...]
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