The investment planning stage is too often ignored by the young and the new, and too often over cooked by the older and beaten up. Most of the confused indecisiveness is due to constant media hype and an endless bombardment of data, news, software solutions, electronic tools, and expert opinions. But most actual investment errors are caused by invalid expectations, fear, greed, and lack of discipline.

Here’s an overview, and it is expected to provide structure and provoke thinking while skimming over most of the detail and explanation that can be found in the “Brainwashing” book.

For the rest of the story:  http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/18351

Steve Selengut

http://www.marketcycleinvestmentmanagement.com

Author of: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read”

The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online.

Such a scheme could raise “tens of billions of dollars” on behalf of the United Nations’ public health arm from a broad base of consumers, which would then be used to transfer drug-making research, development and manufacturing capabilities, among other things, to the developing world.

The multibillion-dollar “indirect consumer tax” is only one of a “suite of proposals” for financing the rapid transformation of the global medical industry that will go before WHO’s 34-member supervisory Executive Board at its biannual meeting in Geneva.

The idea is the most lucrative — and probably the most controversial — of a number of schemes proposed by a 25-member panel of medical experts, academics and health care bureaucrats who have been working for the past 14 months at WHO’s behest on “new and innovative sources of funding” to accomplish major shifts in the production of medical R&D.

WHO’s so-called Expert Working Group has also suggested asking rich countries to set aside fixed portions of their gross domestic product to finance the shift in worldwide research and development, as well as asking cash-rich developing nations like China, India or Venezuela to pony up more of the money.

These would also add billions in additional funds to international health care for the future — as much as $7.4 billion yearly from rich countries, and as much as $12.1 billion from low- and middle-income nations.

But the taxation ideas draw the most interest. The expert panel cites a number of possible examples. Among them:

—a 10 per cent tax on the international arms trade, “which might net about $5 billion per annum”;

—a “digital tax or ‘hit’ tax.” The report says the levy “could yield tens of billions of U.S. dollars from a broad base of users”;

—a financial transaction tax. The report approvingly cites a levy in Brazil that charged 0.38 percent on bills paid online and on unspecified “major withdrawals.” The report says the Brazilian tax was raising an estimated $20 billion per year until it was cancelled for unspecified reasons.

The panel concludes that “taxes would provide greater certainty once in place than voluntary contributions,” even as the report urges WHO’s executive board to promote all of the alternatives, and more, to support creation of a “global health research and innovation coordination and funding mechanism” for the planned revolution in medical research, development and distribution.

Click here to read the executive summary of the report.

The WHO scheme to transfer impressive amounts of money, technology, patents and manufacturing ability to the developing world in a global battle to conquer disease looks similar in many respects to the calls for huge transfers of wealth and technology that were at the heart of the just-failed U.N.-sponsored conference on lowering greenhouse gas emissions at Copenhagen.

Indeed, the volume of revenues that the experts foresee from their global indirect tax — if it should ever be approved by enough national governments — might well come close to the $30 billion annual wealth transfer that rich nations approved at Copenhagen to hand over to poor countries until 2012.

But a global health tax would go one big step further. And, as the experts point out, one trail-blazing version of their global consumer tax for medical research already exists: a germinating program known as UNITAID, which aims to battle against HIV/AIDS, malaria and tuberculosis.

UNITAID, which began in 2006 and is also hosted by WHO, is financed in part by a “solidarity contribution” levy of anywhere from $1.20 to $58 on airline tickets among a group of nations led by France, Brazil, Chile, Norway and Britain. According to the WHO experts report, it has raised around $1 billion since its inception, with 13 countries having already passed the airline tax legislation and “several” others in the process of doing so.

The idea, as with the “indirect” taxes that WHO is about to consider, is that a relatively small consumer levy, once implemented, is a low-profile and relatively painless way to create a global health-care tax system.

UNITAID’s board chairman, Philippe Douste-Blazy, a former French Cabinet Minister and currently special advisor to U.N. Secretary General Ban Ki-moon on “innovative financing for development,” is also a member of the WHO expert working group.

The global financial mechanism that the experts have been exploring is the keystone to WHO’s entire program for the transformation of the world’s health industry, which was endorsed as a “global strategy and plan of action” by the health organization’s World Assembly in May 2008.

The plan includes more than 100 specific actions across the areas of research and development, technology transfer and intellectual property rights, among others, according to an update that will also be presented to the executive board next week.

New regional and national networks for medical innovation and development are being planned in Asia, Latin America and Africa — where, for example, there will be “African-led product research and development innovation,” including delivery of drugs based on traditional medicines.

Another major effort is the transfer of technology to poorer countries to produce vaccines. One example: H1N1 flu vaccine, which is being manufactured in China, India and Thailand under licensing arrangements created under WHO auspices.

After WHO issued repeated warnings of a serious H1N1 influenza pandemic over the past two years, countries such as Britain and France ordered hundreds of millions of dollars worth of vaccine, only to decide that they were unnecessary, leading to mass cancellations of orders. WHO is reviewing how it handled the crisis.

According to the WHO update, the U.N. organization is already promoting transfers of new medical products for vaccines against rabies, even though that disease is now something of a rarity in the West.

A significant aim of the WHO effort is expanding production and distribution of remedies for what it calls “neglected diseases,” mainly meaning those that are more common in poor, underdeveloped countries than in richer ones. These include a variety of parasitic ailments, including trypanosomiasis, or sleeping sickness.

Behind all of the effort is the “persistent and growing concern,” as the expert’s paper puts it, that “the benefits of the advances in health technology are not reaching the poor,” which the paper calls “one of the more egregious manifestations of inequity.”

As with “climate change” at Copenhagen, the WHO’s experts see that health inequity as a malady that innovative and permanent forms of global taxation are just the right thing to help cure.

George Russell is executive editor of Fox News.

Al Gore accepting his Oscar for "Inconvenient Truths"

December 4, 2009

No, it wouldn’t do anything for the environment.

But two Hollywood conservatives (yes, there are some) have called upon the Academy of Motion Picture Arts and Sciences to rescind the prestigious, profitable gold Oscar statuette that it gave ex-Vice President Al Gore et al two years ago for the environmental movie “An Inconvenient Truth.”

Roger L. Simon and Lionel Chetwynd, both Academy members, are among a small, meandering pack of known political conservatives still believed to be on the loose in the liberal bastion of movie-making.

In 2007, Hollywood’s Academy sanctified Gore’s cinematic message of global warming with its famous statue, enriched his earnings by $100,000 per 85-minute appearance and helped elevate the Tennesseean’s profile to win the Nobel Peace Prize despite losing the election battle of 2000 to a Texan and living in a large house with lots of energy-driven appliances.

Chetwynd and Simon were prompted to make their hopeless demand this week by the….

…leak two weeks ago of a blizzard of British academic e-mails purporting to show that scientists at the University of East Anglia Climatic Research Unit systematically falsified data to document the appearance of global warming in recent years.

The university is reportedly investigating the claims, which added dry fuel to the never-ending political debate over whether the Earth really is warming as a result of human activity or if it’s just normal natural cycles and the debate is what’s heated. The demand to withdraw Gore’s award provides yet another opportunity to argue.

The startling leak comes at an inconvenient time just before next week’s United Nations’ climate change meeting that will cause an immense carbon footprint with thousands of people flying up or over to Denmark to talk about saving the environment.

These airplanes will include Air Force One with its primary passenger President Obama, who’s returning to the Copenhagen scene where he didn’t help win the 2016 Summer Olympics for Chicago, which could do with a little global warming at this time of year.

Simon, a screenwriter who is also chief executive officer of Pajamas Media, a network of conservative online blogs, conceded he knew of no precedent for the Academy withdrawing a previously-awarded Oscar, despite decades of Hollywood hijinks and worse. But, he added, “I think they should rescind this one.”

The controversial leaked documents have been assembled here by Pajamas Media and the Competitive Enterprise Institute. The joint demand by Simon and filmmaker Chetwynd is available on video here.

The television news-watching world in America has not learned much about the so-called Climategate scandal because it has not really been mentioned on the air except for a notorious cable news channel named for a three-lettered, wily, wild animal that often seems to revel in debunking liberal shibboleths.

Network news programs have been far more concerned with the obviously more important White House party-crasher story involving a couple of formally-dressed phonies.

The falsified documents do not come up in Gore interview excerpts published late last night here by Politico’s John F. Harris and Mike Allen.

This week White House Press Secy. Robert Gibbs claimed that global warming was no longer in dispute by most people. But a subsequent Rasmussen Reports poll of Americans finds only one in four adults believe most scientists agree on the topic.

And while only 20% claim to have followed the leaked e-mail story Very Closely, nearly 60% believe it is at least somewhat likely that scientists have falsified environmental data to support their own global warming beliefs and theories.

– Andrew Malcolm

Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.

The bill, a copy of which was obtained by The Hill, is titled the “Let Wall Street Pay for the Restoration of Main Street Act of 2009.”

Half of the $150 billion in tax revenue would go toward reducing the deficit, while the other half would be deposited in a “Job Creation Reserve” to support new jobs.

The job fund would be available to offset the additional costs of the 2009 highway bill and other legislation that creates jobs.

The Obama administration and congressional Democrats are looking for ways to create jobs after the nation’s unemployment rate hit 10.2 percent in October and job losses are expected to rise.

House leaders have mentioned the possibility of a tax on stock transactions, but House Speaker Nancy Pelosi (D-Calif.) appeared to raise questions about the approach last week. Pelosi said such a move would need to be done in conjunction with efforts in other countries.

“Obviously, we have to work with leadership on this,” said Leslie Oliver, spokeswoman for Perlmutter. “It has a long way to go, but the idea is to stir debate … We think this is one idea that makes a lot of sense.”

The stock tax measure specifies that tax revenue would need to support jobs that pay at least the median wage in the United States, promotes manufacturing jobs and prohibits any recipient of the $700 billion financial bailout from directly benefiting from the job reserve fund.

The bill aims to exempt retirement accounts from the impact of the tax.

A group of consumer watchdog organizations and labor unions sent DeFazio a letter this week supporting the tax bill.

“Your bill would put Wall Street to work for the public good, by placing a modest securities transaction tax on trades of stocks, options and swaps. A tax on these trades has little impact on the average investor or pension fund because they hold their investments for the long term, but it does disincentivize Wall Street gambling and high-volume short-term speculative trading,” the organizations wrote.

The groups include: Americans for Financial Reform, Public Citizen, the Service Employees International Union (SEIU) and the AFL-CIO, among others.

* Delicate balance to expand economy and reduce debt

* Obama eyes export growth to fuel job creation

* Tax provisions could encourage businesses to hire sooner (Adds quotes, NBC interview, background)

By Caren Bohan

BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.

Fox News, which released a transcript of the interview, showed that comment by Obama on Wednesday morning and said the full discussion would be broadcast later in the day.

JOBS FORUM

Obama is scheduled to hold a forum with U.S. business leaders and financial experts on Dec. 3 to discuss ways to lift the economy.

He said he had not decided yet whether any measures to boost the economy should be deficit neutral, with that being one of the things to be examined at the forum.

“Our first job was to get the economy to recover. And we’re now seeing that,” Obama said.

“We’ve seen economic growth (in the third quarter). We anticipate economic growth next quarter as well. I always said the job growth would lag behind economic growth. The question now is how can we accelerate it.”

In an interview with NBC News, Obama said “there are a whole range of ideas out there” about how to kick-start hiring by businesses starting to invest and show profits again.

“We’ve examined a lot of them but one of the benefits of convening this group is it gives us a chance to talk directly to small businesses, medium-size businesses, the main drivers of employment to find out what exactly is going on.”

Asked whether the jobs forum should have been held sooner, Obama said the focus after he took office in January was “to make sure we didn’t slip into a Great Depression.”

“We’ve gotten that job done,” he told NBC. “Our next job is to make sure that we can accelerate the job growth because I recognize that people are really hurting right now.”

Obama told Fox that one of his messages on his trip was that the United States should look for further export opportunities, especially in fast-growing areas of the world like the Asia-Pacific region.

“If we just boosted our share of exports by 1 percent, that might be 250,000 well-paying jobs in the United States. So export promotion would be an example of something we could do without spending money,” he said.

“There may be some tax provisions that can encourage businesses to hire sooner rather than sitting on the sidelines. So we’re taking a look at those.” (Editing by John O’Callaghan)