PROPOSITON 8 – THE MUSICAL
It packs a lot into three minutes, including an appearance by Jesus Christ (played by Jack Black) and a happy ending. Who can resist a happy ending? Click here.
IMPORTANT NEWS ABOUT RUFFLE SCARVES
I mean look at these. Don’t you want to keep your loved ones warm? And in more than one color? Enter ‘FF20’ at checkout, and it’s as if I handed you a $20 bill with each scarf. Click here to see other Charles Nolan items on sale. And here to buy an elegant magnifying glass to read the fine print. (There is no fine print.)
BOREALIS – I HOPE YOU HAVE GRANDCHILDREN
Those billions of dollars in iron ore we own up at Roche Bay? We seem to have sold them for $20 million.
The latest press release from our joint-venture partner is largely impenetrable – under certain circumstances if option ii is not exercised, we sell 100% of our interest for 25 million Canadian dollars but retain a royalty on any bi-product precious metals that may be discovered (are diamonds a metal?) though none have been – but the long and the short of it seems to be that our imminent bonanza seems now neither imminent nor a bonanza. At least not for us. Ownership of most of the iron ore has been diddled away.
Ah, but we still do retain some small interest. And if these close-to-shore eastern deposits ever do go into production, the value of our possibly-even-much-larger and still 100%-owned western deposits, a few kilometers to the left, could someday, decades from now, make us very rich.
Don’t sell your Borealis because, first, whom would you sell it to? and because, second, its technology could yet be powering airliners on the tarmac (and so forth), and because at a $15 million market cap (5 million shares at $3 each), it continues to be a beguiling lottery ticket.
DIGITIZING YOUR SAVINGS BONDS
Buying and selling Savings Bonds is easier than it used to be, and if you already have paper ones in a drawer somewhere, you might want to digitize them. Here’s why:
- You can redeem your electronic bonds, in full or in part, at any time – 24 hours a day, seven days a week – and deposit the funds to a savings or checking account that you specify. You don’t need to go to a financial institution, and there are no restrictions on the number of bonds or the value that can be redeemed at any one time once minimum requirements are met.
- Online holdings and their current values can be viewed at any time. You don’t need to worry about paper securities being accidentally lost or destroyed.
☞ Here’s where you go to get started.
Tomorrow: I-Bonds, Sardines, and More
Quote of the Day
In 1800, 75% of [an American's] working man's expenditures went for food alone. By 1850, that had dropped to 50%. Today it is a little more than 11%.~The Wall Street Journal, September 20, 1996
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