Foresight and Foolishness

On April 1, 1976, Ron Wayne entered a partnership with Steve Wozniak and Steve Jobs. Called Apple, the new company prepared to launch its first computer. By the end of that same month, Wayne agreed to a payout of $2,300 to give up all rights to futur…

Mortgage Rates Fall for 5th Straight Week

  WASHINGTON — Average U.S. rates on fixed mortgages fell this week for a fifth straight week. The spring home-buying season has started slowly, but it may be aided by the low rates. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan edged down to 4.12 percent from 4.14 percent last…

Texas keeps adding jobs

The job market in Texas just keeps growing. The Lone Star state added 52,600 jobs in April and has now added 124,020 in 2014, according to the Federal Reserve Bank of Dallas.

Jobs in Texas have grown at a rate of 3.3% in 2014. That’s up from 2013, when jobs grew at a rate of 2.5% in the state.

Unemployment remains at lowest level since 2007

The number of people receiving unemployment insurance fell again for the week ending May 3 from the previous week’s numbers, down 9,000 to a seasonally adjusted figure of 2.68 million. That’s the lowest unemployment has been since December 1, 2007, when it was 2.64 million.

FCC Cronyism Stiffs Taxpayers and Destroys Jobs

While the national media is mostly focused on the Federal Communications Commission’s latest net neutrality follies (still a regulatory solution in search of a problem), the far bigger policy challenge the Commission faces is executing the most complex spectrum auction in the agency’s history. Unfortunately, the FCC seems more concerned with picking winners and losers…

6 Signs Your Retirement Plan is in Trouble

After the 2008 economic meltdown, when the stock market fell 37 percent, veteran financial advisor Curt Whipple says he met with clients from outside financial institutions who’d lost 50 to 60 percent of their portfolio in a single year. “Almost no one foresaw what happened that year, and I doubt very much that many will…

My Father’s 1959 Tax Return

Exclusive Excerpt from: “Comical Sense: A Lone Humorist Takes on a World Gone Nutty!” by Tom Purcell I stumbled upon my father’s 1959 income tax return a few years ago. How I long for the simplicity he enjoyed when he filed his taxes that year. For 1959, my father paid a measly 5 percent in…