H&R Block misfiles taxes?!?!?!

H&R Block, one of the largest tax services businesses in the United States, has incorrectly filed its taxes in 2003 and 2004.  The tax error understated H&R Block’s tax liability by $32 million.   Oh the irony!!!  Check out the complete article in BusinessWeek (“H&R Block falls on 3Q results, tax issue“).

How are German Smokers and American Savers related?

Medpage Today recently released some statistics regarding the prevalence of smoking cessation among Germans with serious health diseases (“Smokers Can’t Say No in the Face of Serious Circulatory Disease“). “…the investigators found that among those with a single disorder, the proportion of current smokers among ever-smokers ranged from 29% for myocardial infarction to 44.4% for…

‘A Wealth of Talent’: Complimentary article on UCSD’s Economics department

This Sunday, the San Diego Union Tribune (“A wealth of talent“) wrote a complimentary article regarding the ascendancy of UCSD’s Economics department into the elite strata of economics departments.  Last year, U.S. News and World Report ranked the UCSD economics department #10 in the nation.  As a graduate student in UCSD’s economics department, my ‘unbiased’ opinion is…

How to invest your money

Paul Merriman one of the few investment advisors I respect.  His blog is full of useful information.  His advice is simple: Invest in Index Funds.  For an average investor, attempting to ‘beat the market’ or is a wasteful endeavor.  Index funds diversify risk by allowing investors to hold a large variety of stocks while minimizing…

“The Genesis and Development of Medicare”

The following is a timeline which summarizes the genesis and evolution of government provided health insurance in the United States. Major Foreign Events: 1883: Otto von Bismark, then Chancellor of Germany passes a compulsory health insurance bill for factory and mine workers 1911: Germany extends compulsory insurance coverage to almost all employees 1911: David Lloyd…