“Once I built a tower up to the sun, brick and rivet and lime. Once I built a tower, now it’s done. Brother, can you spare a dime?” The Empire State Building was completed in 1931, the same year “Yip” Harburg wrote this lyric. The song grew to become an anthem to unemployed American builders during the Great Depression. But these words could easily apply to those put out of work after building Burj Khalifa or one of hundreds of other skyscrapers that now cast long shadows across the Middle East.   The skyscraper index If you’re beginning to wonder whether skyscrapers are an economic jinx, you are not alone. What began as Andrew Lawrence’s tongue-in-cheek “Skyscraper Index” to correlate skyscraper construction with business cycles has grown into serious research. As recently reported by BBC news, Barclays capital wrote: “Often the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction…” Misallocation of resources is one of the unfortunate side effects of economic bubbles. Mega skyscrapers may be an indication of a distorted relationship between land values and construction costs.   Why build these skysc Read more…

NVIDIA Corp. provides great graphic card solutions and we provide important information, chart, news, and analysis to trade NVDA stock successfully. Having been one of the first to realize the potential of computer graphics, NVIDIA Corporation launched itself into this market by introducing the Graphic Processing Unit, or the GPU as it is commonly known. Since then this has been the leading segment of the company and it specializes in products which could be classified as being GeForce, discrete or chipset.

Read more…

Car insurance is a requirement and not just to protect yourself and others in the event of an accident but a legal requirement. If you drive a car, you need insurance. Fortunately (and unfortunately), there are thousands of companies which provide automobile insurance and just as many policies from which to choose.  With so many options availalbe, its easy to throw your hands up and choose whichever is the cheapest option, or to just stay with the company you have been using for years. Both of those options are easy, but they can also cost you a lot of money in the long run.

So which auto policy is the best? The one that provides quality coverage at an affordable rate.  Sounds easy, right? Its actually not as bad as it sounds. T

Read more…

As workers pick their health-care benefits over the next few weeks, experts say one option is looking less popular this year: flexible-savings accounts.

A provision in the health-care overhaul that went into effect this year says that people who want to use their flexible-spending accounts for over-the-counter medicines need to get a prescription first. But experts say the hassle of visiting a doctor before heading to the pharmacy has proven too much for many Americans. While chain drugstores have yet to release data, online pharmacy FSAStore.com says sales of OTC medicines have plummeted from 67% to 3% of their total sales so far this year. “People have sort of given up,” says Brian Caswell, pharmacist and owner of Wolkar Drug in Baxter Springs, Kan. “They’re irritated now.”

Indeed, for many of the 35 million consumers who have FSAs — employer-sponsored accounts that allow them to use pre-tax income to pay for health expenses — the extra burden doesn’t end with getting a doctor to write out prescriptions. Experts say some pharmacies are also unwilling to fill them. That’s in part because of the extra paperwork and time required to process these prescriptions, says a spokesman for the National Community Pharmacists Association.

Read more…

This is going to be my ‘rainy-day’ day year Ever since that recession started back in 2008 causing the values of securities tied to U.S. real estate pricing to crash, damaging financial institutions globally and sinking my little portfolio into the mud, I have been living frugally, rather like Old Scrooge. First I stopped spending on things I didn’t need and than I stopped spending on things I did need. 4 years later I am still scrimping and saving like mad, not spending a penny if I can help it. I mean I even walk the mile to work and back every day to save the train fare! Yes, in winter too!   Good luck But good luck was with me all the way. Firstly I never had a single emergency in all that time that would have forced me to break open my savings. Secondly and most importantly, my income remained stable so with all my holding back on cash, my savings flourished. Now, 4 years later, I have built up a nice pile of money and I have decided that 2012 will be “The Year of the Big Spender”.   My running hobby      I am going to spend on my hobbies. I am a jogger and a marathon runner. This year I will Read more…

Find how you can invest in the oldest stock market index – Dow Jones Industrial Index, through popular and cost effective way, via Exchange Traded Funds.

Dow Jones Industrial Average is a price-weighted index of 30 U.S. blue chip stocks. It consist of the following stock symbols: AA, AXP, BA, BAC, CAT, CSCO, CVX, DD, DIS, GE, HD, HPQ, IBM, INTC, JNJ, JPM, KFT, KO, MCD, MMM, MRK, MSFT, PFE, PG, T, TRV, UTX, VZ, WMT, XOM. Regarding the sector weightings, the most important ones are industrials, technology, consumer defensive, energy, consumer cyclical, financial services, healthcare, communication services, basic materials, real estate, and utilities.

* Assets (Net) are express in thousands of U.S. Dollars. Last update: 12/15/2011