This column highlights the most interesting and useful business and financial commentary from around the Web each day. Feel free to send along your own suggestions
for blog content that you've read or written.
"Every night, I get home from work, drop onto the couch and sit there surfing the Web or watching videos on my 3 1/2-inch iPhone
screen. My big-screen HDTV sits powered off on the other side of the room. It isn’t broken, either — well, at least not in the traditional sense.... What is broken is the entire television experience."
"The tax code has gotten so complicated that even smart people make big mistakes about filing taxes, according to the National Association of Enrolled Agents. Here’s a list of taxpayers’ common misconceptions gathered by enrolled agents across the country. (Enrolled agents, by the way, are allowed to represent taxpayers before the Internal Revenue Service, after passing a stiff competency exam and a background check; they also prepare tax returns.)"
Dr. Housing Bubble
"Housing affordability matters. One of the biggest line items used to qualify home buyers is your household income
. This is why it is hard to understand why some people simply choose to ignore the most important factor in sustaining housing markets
. Household income drives rental prices and also drives household values historically. Should these ratios get out of whack because of exotic mortgages or imprudent lending then prices will rise but as we are seeing, will adjust lower back to more historical trends once the unsustainable trend pops." (Also read Could This Be a Self-Sustaining Recovery?
"If you looked only at the monthly jobs report
, you could start getting pretty optimistic about the American economy. The largest, broadest survey of employment — a survey of businesses — shows the best job growth in more than five years over the last 12 months, with the pace mostly accelerating in recent months. The other survey that the Labor Department does — of households — shows even faster job growth, suggesting that the business survey may be understating the economy’s strength. (For related content, see It's Time to Worry About the Looming US Labor Shortage
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