LONDON (Reuters) – Petra Diamonds sold a 507-carat diamond for $35.3 million on Friday, breaking a record as the highest price ever paid for a rough diamond. Analysts had estimated the value of the stone, one of the 20 biggest high-quality rough diamonds, at around $25 million. “It is fitting that the Cullinan Heritage should […]
Category Archives: Finance
Creative Jobs That Actually Pay Well
The term “artist” used to conjure images of an impoverished bohemian working in a drafty garret. But these days, that’s not necessarily the case. According to Rod Berg, a visual-arts career coach and the associate director of career services at Parsons The New School for Design in New York City, there are now many job […]
Who Really Owns the United States
Regardless of how much closer Obama’s budget brings our economy into a balance of payments not seen since 2001, we will continue to run deficits for the next decade, and the national debt will keep growing every year that happens. While most of the country’s $14 trillion debt is held by private banks in the […]
Make your own satellite for $8,000
DIY Kit Puts Satellites Into Orbit for $8,000 For extreme hobbyists, the new kit offers a chance to launch personal projects into space. THE GIST A company is selling kits to build and fly small satellites for $8,000. Interorbital Systems has planned a test flight of its Neptune rocket in August. Customers include hobbyists, universities […]
What $1,000,000,000,000 would buy you
Confronting the federal deficit starts with grasping just how colossal that number actually is. So, what would $1 trillion get you? The figure is almost incomprehensible: $1,000,000,000,000. One trillion dollars. That’s a dozen zeros. The Congressional Budget Office reports that during the first nine months of fiscal 2010 — which ends September 30 — the […]
Bailout banks keep tax breaks
Bailout banks keep tax breaks as they repay loans Citigroup, other bailout firms, to keep billions in tax breaks as they exit government program WASHINGTON (AP) — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more […]
Secret Job Market
Does today’s tough job market have you stressed? With the unemployment rate at 9.7%, job seekers must use more imaginative ways to uncover job openings. We’ve all heard stories about great jobs found in unusual ways – a strange coincidence, word of mouth, a conversation overheard in the grocery line. How can you cash in? If […]
What Tax Records Should You Keep
April is fast-approaching and with it, tax time. While tax preparation seems to get a little bit easier each year with the prevalence of online tax prep software, there’s still one question that leaves many Americans scratching their heads: What records should I hang onto for tax purposes and how long should I keep them? […]