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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. As of October, the US ranked 32 nd according to the Organization for Economic Co-operation and Development (OECD) data. What’s left is an estimate of personal savings.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. Bhutan, a Buddhist nation between India and China, began calculating the Gross National Happiness, or “GNH,” Index in 1972.

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Guest Post: First Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

The US has led the world in energy and oil production from its shale and fracking operations. Falling oil prices, and falling gasoline prices, are like a welcome tax cut for consumers who are saddled with low wage growth and lack of good jobs. Dorothy has been with First Federal of Bucks County since November, 2004.

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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. Users can even receive an instant tax refund at four major airports in the country. Launched in 2004, Alipay currently boasts more than 520 million active registered users. China is expected to process $3.29

Mobile 101
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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Be fearful when others are greedy and greedy only when others are fearful.” ( 2004 ). In the early 70s, See’s was able to produce about $2M a year (after tax) on just $8M in net tangible assets (including all accounts receivable.) A few years later, however, See’s was earning 65% of its net tangible assets after tax.

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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In tests conducted by the National Highway Traffic Safety Administration (NHTSA), The Coda was awarded a rating of 5 stars out of 5 for its side-impact and rollover tests.

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