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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Conglomeration

February 4, 2003February 22, 2017

RUEFUL . . . AND EVEN A BIT TRUEFUL

This Saturday Night Live skit takes a long time to load if you’re on a dial-up modem, but on my machine eventually did load and began playing.

MEDIA CONCENTRATION

Can we rely on the media conglomerates to make media conglomeration the important topic of discussion it should be? Click here.

TAX-FREE DIVIDENDS

Dave Neal: ‘Do you know how the current bush plan to eliminate tax on dividends would affect CIRA/401k accounts? It would seem that ‘tax-free’ dividends would still be be taxed when withdrawn. This would actually penalize retirement accounts!’

☞ True. But Citigroup CEO Sandy Weill would save $6 million a year (to take just one example), so it all evens out.

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Quote of the Day

"In 1992, more was spent on legal fees in California [$16.3 billion] than on auto repairs, funerals, tanning salons, one-hour photo finishing, videotape rentals, detectives and armored car guards, bug exterminators, laundry, haircuts, day care, shoe repairs and septic tank cleaning combined."

Census Bureau survey, as reported in the LA Times

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