Excellent topic. The talk from the RSA on the future of money.
http://www.thersa.org/events/audio-and-past-events/2011/the-future-of-money
Lead by this interesting concept of new and different monetary system, I read a few more good articles on topic:
Great text about Apple's manufacturing in China and the numbers behind it.
Manufacturing an iPhone in the United States would cost about $65 more than manufacturing it in China, where it costs an estimated $8. This additional $65 would dent the profit Apple makes on each iPhone, but it wouldn't eliminate it. (The iPhone average selling price is about $600, and Apple's average gross margin is about 40%. So Apple's gross profit on each iPhone is probably in the neighborhood of $250.)
And, more importantly
Apple doesn't build iPhones in the United States, in other words, because there is no longer an ecosystem here to support that manufacturing. There's no supply chain, there aren't enough super-low-cost workers, and there are not enough mid-level engineers. And many Americans looking for work are still hoping for a return to jobs, salaries, and lifestyles that have simply disappeared.
Read more: http://www.businessinsider.com/you-simply-must-read-this-article-that-explains-why-apple-makes-iphones-in-china-and-why-the-us-is-screwed-2012-1#ixzz1kNGYNAjU
In line with the "we're the 99%" movement, here is an interesting article with maps from the IRS, on geography of the "top 1%" of income earners in the US.
http://www.theatlanticcities.com/jobs-and-economy/2011/10/where-one-percent-live/393/
Rate yourself on rich-o-meter and see in which percentile of the world population you fall into:
Since Quicken 2012 has been available for a while, here is the link for manual download of updates:
http://quicken.intuit.com/support/help/patching/quicken-2012-manual-updates/GEN83594.html
(Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, a move that will affect the country's borrowing costs and investor opinion of U.S. assets. Here is a Q+A on what the downgrade means for investors, consumers and to the country.
http://www.reuters.com/article/2011/08/07/us-usa-rating-sp-idUSTRE7760I520110807
Quicken (2011) will, by default, display incoming and outgoing transaction amounts in separate columns. This might be convenient for accountant-types but sometimes the screen realestate is not plentiful and we might just want to see one amount column with sign '-' for negative numbers. And preferrably different color.
Fortunately, the new Quicken column options offer this possibility.
There are columns for Deposit and Payment, but also Amount. Simply untick the Deposit and Payment columns and tick the Amount column. The column names are different for different types of accounts but they can be easily located by checking what the actual column titles are in the register.
The drawback here is that values cannot be typed directly into the Amount column. Fortunately, this is where quick switch between 1- and 2-column layout comes in handy. CTRL+2 is the shortcut key for switching to 2-column display, which can have separate Payment and Deposit columns for entering transactions. Then, pressing the hotkey again will switch to 1-column display that could have only the Amount field and more transactions listed, which provides a great overview of the recent account activity.
Posts
All Comments
