Sunday, May 4, 2014

Health Care Bill Details

The Wall Street Journal has two opinion pieces that highlight hidden details of the House health care bill that may have a major impact. The first article identifies a 69% capital gains tax increase that will hit high income individuals as of January 2011. The second identifies a nod to the trial lawyers that would encourage states to "identify an alternative medical liability law" to ensure a "fair resolution of disputes. However, the passage also states that States only qualify if its new law "does not limit attorney's fees or impose caps on damages."

As I mentioned in my previous posting, any bill in Congress typically has numerous add-on clauses inserted by different members of Congress. That's what causes basic proposals to blossom to thousands of pages. But what I'd be interested in knowing is the source of each of these clauses. Ideally it would be great to know who wrote each passage. I suspect, because I have heard it mentioned, that the language in these clauses is typically written by the special interest group itself who then peddles it to a member of Congress to get it inserted into the bill. These interest groups "write" most of these bills ... and yet the public has no knowledge about the authors. I wonder how many authors there are in this health care bill!!

One way to fix this imperfect information problem might be to require that every passage of a bill have authorship attached. In this way the public who will be affected by the bill would have better information concerning the role of special interests in shaping particular pieces of legislation.

Of course this might be impractical especially when a passage is changed and adjusted by numerous individuals during its development. Nonetheless, each passage should have no more than a handful of "major" authors. Another problem with such a proposal is that many interest groups wouldn't want the public to know that they authored particular clauses (eg the trial lawyers' association). As a result, a requirement to display authorship would quickly lead to diversionary tactics. Interest groups might outsource the writing of bills to independent consulting groups. Or, the true authorship might simply be fabricated.

Alternatively, each clause could be identified with the Congress member who inserted it. Possibly this info is already available. If so it could be helpful to publicize that info and discuss it more widely.

Although, having more of this information, especially for such major legislation as the health care bill or cap-and-trade, would be very revealing, it seems impractical to simply legislate reporting requirements. Thus, the next best alternative in a free society is to encourage more reporters, bloggers and other interested parties, to investigate these details and make it available more widely. The WSJ has done some of that work today. Surely much more of it has been done in other publications.

If you know of some, and have a link, please post it here.

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10 Tips to Save Money This Winter – Prepare Your Home for Cold Weather

With winter coming, most homeowners typically experience higher energy costs. This obviously hinges on the fact that we use more natural gas to heat our homes, and the fact that days are shorter, so we spend more time inside, and while we're inside we're using electricity, watching TV, surfing the internet, etc. Here are ten tips that will help you to save money on your energy costs this winter – 5 of the tips are simple, and can go a long way, the other 5 will require a bit of an investment to start, but will pay off big over time.

5 Simple Tips to Save Money on Energy
  1. Minimize the electricity usage – grab a book! As days in the winter are shorter than days in the summer, we tend to spend more time inside. During this time, make sure that lights are only turned on in rooms that people are in, and rather than turning on the TV, or browsing the internet, grab a book.
  2. Run ceiling fans in reverse. If you have a ceiling fan, look for a switch on the base of it and select the reverse option. Running ceiling fans in reverse will help circulate the warmer air that gathers at ceiling level back down toward your living space.
  3. Don't turn that heater on! Look for other ways to stay warm while inside, if you have a fireplace, start a fire. If you don't have a fireplace, grab a blanket and cozy up on the couch, or grab a sweater.
  4. Stop any cool air drafts. If your windows and doors aren't properly sealed, you can be wasting tons of energy on cooling costs, as your heater pumps away, it is being directly offset by cool air leaking in from underneath doors and around poorly sealed windows. Place weather stripping or rolled up towels at the base of doors, and make sure all windows are properly caulked and sealed.
  5. Turn down your water heater. Many water heaters are set to about 140 F by installers, try lowering this 10 degrees, if you don't notice a difference, try lowering it 10 more. Dropping your water heater from 140 down to 120 can help save 5-10% on heating costs.


5 Timely/Costly Tips to Save Money on Energy
  1. Install Energy Star appliances. Though costly up front, Energy Star appliances can save you from 10-20% on your energy costs.
  2. Install storm doors and dual pane windows. Storm doors are thickly insulated and help keep cool air out and warm air in, likewise, dual pane windows will do the same thing.
  3. Install a programmable thermostat. By installing a programmable thermostat, you can guarantee yourself that you won't forget to turn the heater off. You can set it to 60 degrees from 8am to 6pm (while you're at work). That way, you have a little piece of mind that you didn't leave the heater on while you're at the office.
  4. Re-insulate, and/or add additional insulation in walls and attic. If you've done all of the above and your house still doesn't seem to hold heat, then your house may be improperly insulated. Installing new insulation in the walls and attic can help your house retain heat and save you money on heating costs.
  5. Seal your air ducts. Make sure that all of the ducts that deliver air from your furnace are properly sealed. Any air escaping the ducts will be lost, thus increasing your energy costs.
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Extra Principal Payment - Mortgage Elimination and Lower Interest Expense Through Extra Payments

I've set the date for my first additional principal payment on my mortgage for April 15th. Since my first extra principal payment will be getting funded by my tax refund (which I have already received) I don't see a problem in sending the payment in on April 15th - I just want to make sure that my additional principal payment is sent and received prior to my next automatic mortgage payment.

Some of you may be asking yourselves, "Why would it matter when the additional payment is received, it gets applied either way, right?". It does get applied to my mortgage balance either way, however, the reason that I want to make sure that my additional principal payment is sent in and applied prior to my next automatic mortgage payment is because it will help to decrease the amount of interest that is paid on all of my subsequent mortgage payments. Why is this? Let's say for simplicitys sake that I have a $100K loan at 5% with a monthly payment amount of $536, and I'm going to send in an additional principal payment of $10K. If I don't send my additional principal payment, about $120 will go to principal, and $416 will go to interest. However if I pay my $10K additional principal payment (I realize this is a large extra payment, but it just helps to illustrate a point), then my next regular mortgage payment will have about $375 go to interest, and about $162 go to principal. It basically reduces the amount of interest that you pay in the long run. In this example, I save about $40 on interest in one month, over the course of the year, that will add up to be about $500 saved in interest. It adds up, and obviously, the quicker and more drastically that you can lower your principal balance, the less money you'll be spending on interest every month.

Will this work for everyone? Absolutely not. First, you'll need extra money every month in order to be able to make extra payments. Secondly, there are people of the school of thought that you're quite simply an idiot if you pay off your mortgage early because you'll be losing the tax benefit of being able to write off your interest paid. I think its absolutely retarded to be excited about writing off your interest expense, but that's an entirely different story.

Money Merge Account: Using Money Merge Account Software to Pay Down Your Mortgage

What is a Money Merge Account? There are many options out there for money merge accounts, but one of the primary ones that I found was by a company called UFF. Basically, they explain the money merge account as a means to paying off your mortgage in 1/2 to 1/3 of the time that it would typically take. The money merge account is explained as having three major components:
  1. Your existing mortgage.
  2. A Home Equity Line of Credit (called an ALOC within the money merge account system - Advanced Line of Credit)
  3. Money Merge Account Software
Basically, the way it works is all income that you receive goes toward paying off the balance on your ALOC. Any income that you receive, goes straight into that account. As your you make deposits, the money merge account software tells you when to make payments toward your mortgage, the primary thing that helps you pay down your mortgage in 1/2 the time or less is the payments that the money merge account software tells you to make - it schedules larger than normal monthly payments which lowers your principal balance faster, this in turn, decreases the amount of interest that you'll be paying toward your subsequent mortgage payments. While the ALOC will be charging you interest on your outstanding balance (it must be an open-end interest calculation), the MMA software predicts this and minimizes (or cancels) the amount of interest that you'll be paying on your primary mortgage.

All in all, money merge accounts seem like they can definitely help cut down on the time it takes to pay down a mortgage, however it will require a lot of discipline on the part of the borrower. In the end, it is ultimately up to you, the borrower - are you disciplined enough to put all of your extra money directly into your mortgage? Could you just do this yourself, or is the software necessary?

I don't believe it has been released yet, but I recently read an article that mentioned there may soon be a Credit Card based money merge account option. I

Saturday, May 3, 2014

Garcinia Cambogia Side Effects

Garcinia Cambogia is strange fruits can be used not only to satisfy hunger, but also as nutrition for weight loss. Garcinia cambogia extract had effect to reduce the appetite and that will help some woman/ man to stabilize the weight. Garcinia cambogia is sold as capsules, tea and complex supplement for weight loss.
 no side effect
The best of weight loss supplements containing an extract of Garcinia, without spending time in the gym. Well, maybe not so well, but effect of Garcinia really has, containing multi component with impact to rid of fat.

Garcinia Cambogia Side Effects

When garcinia consumed in proper dosage, then there are no side-effects on health (no reported side effects). However, if these supplements are used in excessive doses, it can decrease blood sugar levels (hypoglycemia). I think it fits with logic; reason garcinia can reduce hunger, which we forget to eat. If you feel sick, hungry, dizzy and weak after taking garcinia supplements, it should stop consume it a few days, or talk to your doctor about the use of diet supplements.

Garcinia cambogia is considered effective supplement for weight loss. Naturally, it is not a "magic wand", which quickly takes you into a desired shape, but its use in a complex of weight loss will allow you to lose weight more effectively, reliably and comfortably.

“Garcinia cambogia for weight lost fastest” just be a slogan, if you do not consume them in accordance with the rules on the label. This supplement is also not a magic mirror that can slim your body in a minute. All supplements will work well when combined with exercise. I guess only be hypoglycemia are the side effects of garcinia cambogia. That's also not including the directly side effects. My advice; first read the product labels every time you buy slimming body supplements.

Thursday, May 1, 2014

Simple pattern for pair socks

I choose the name Arizona for this pair of socks as they remind me of the colors of the Painted Desert near Winslow, Arizona. The yarn is Fleece Marino hand painted superwash in colorway Mermaid. It was purchased from Simply Sock Yarn. By the way She provides great customer service and super fast shipping. 2 days from order to arrival! Thanks.... I am please with this yarn no splitting and no pooling. Want to see the results?

 
The ribbing pattern is a simple 2x2 rib for 2 rows followed by 2 rows of knit and repeat. Of course these were knit from the toe up. What do you think of the heel turn? Isn't it pretty. Just a simple short row turn. It's easy to execute and fun to do.

This pair of socks will also be a contender for "Guess Which Socks" contest. It's a silly name but that's the best I can do. I'm not very clever or witty. I'll leave that up to TBC. If you can come up with a better name for the contest please let me know. I can use all the help I can get!

My naked needles are calling me and the only way to silence them is to feed them yarn! Off to knit!

Beautiful soft yarn for socks project - knit and crochet

Oops! I meant Project Spectrum! But it looks like this has turned into a sock-a-thon of knitted gifts. Eight pairs to be exact and one shrug. Each person has a specific color request so it fits perfectly with color exploration. Note: that brilliant blue yarn is really a lavender colorway. Why the camera thinks its blue is beyond me. Attempts to adjust it has failed miserably. Such as life again.
Beautiful soft yarn for socks project - knit and crochet   

This will also be an opportunity to exercise my budding camera skills. I think I'll try to find subjects that feature the color of the month.

My needles will remain bare until Wednesdays kick off for Project Spectrum. Both of my wrists ache and need a rest. I have not knitted since Thursday and the itch to knit is almost overwhelming but I'm resisting the compulsion for now! If I should become cranky TBC will strongly recommend that I should knit something even if its only a swatch. Now I have to find something else to do - I really need help!