| Some dividends not worth it
I like companies that pay you to own their shares. Dividends are disrespected on Wall Street, even though market historians say the payouts account for a third of all stock returns since World War II. Dividends provide solace in times of uncertainty, which is really always. But there's a fine line between paying investors and bribing them to prop up a failing company. A quick search will find stocks with double-digit dividend yields that are usually suspect. However, analysts said the massive dumping lately of financial stocks has created bargains in that sector, some with yields of about 8 to 10 percent. Bryant Evans, portfolio manager at Cozad Asset Management in Champaign, thinks Washington Mutual (WM) has fallen so far that its dividend yield, now more than 10 percent, is irresistible.
Proceeds of Crime Update - Money Laundering News - Be prepared for the new MLRs
On 15 December 2007, The Money Laundering Regulations (MLRs) 2007 will come into effect. They will revoke and replace the 2003 Regulations and HM Revenue & Customs (HMRC) are urging businesses to be prepared for the new Regulations which will affect: Money Service Businesses (MSBs); Trust or Company Service Providers (TCSPs); High Value Dealers (HVDs); and Accountancy Service Providers (ASPs). HMRC's Business Director of Money Laundering Regulations, Melissa Tatton, said: "With just a month to go until the Regulations come in, affected businesses need to have the right processes in place. Businesses should familiarise themselves with the MLR guidance on the HMRC website to help them put in place anti-money laundering controls. It is also critical that all businesses that have to register with us get their applications in before the legal deadline for their sector." The new Regulations will bring new businesses under the supervision of HMRC and will require businesses to implement risk-based systems and controls to help prevent money laundering and terrorist financing.
How to Pay for Kids
A child is priceless -- but raising one can break the bank. Children born in the U.S. today will cost their parents more than $338,000, on average, by the time they graduate from a public college. That's according to BabyCenter.com, based on College Board and Agriculture Dept. data. Send your precious offspring to a private university, and you can expect to shell out an additional $70,300 for tuition. .
Police news for Nov. 15, 2007
WOODBRIDGE : A PSE&G employee suffered a facial wound after he was struck by a falling piece of metal Friday morning.
Bryan Nagy of East Brunswick, 46, was working before 8 a.m. on a 6th-floor catwalk at the PSE&G generating station in Sewaren when the accident occurred, according to a police report. The 4-inch-by-1-inch, jagged piece of metal hit his hard hat and punctured his left cheek, police said. Nagy was treated at the scene for the injury and was then taken to Perth Amboy General Hospital. Staff report Jewelry stolen in Woodbridge WOODBRIDGE: An Iselin family lost several pieces of jewelry when their Pershing Avenue home was burglarized Saturday, police said. A burglar � who was in the house between 4 p.m. and 9:55 p.m., while the family was gone � apparently used an aluminum ladder to enter or exit through a bedroom window, according to a police report.
Madisha 'angry and sad'
Embattled Cosatu president Willie Madisha is "saddened and angry" - and demanding action after being "grossly libelled" by an employee of Cosatu's media department. SA Communist Party member Dominic Tweedie, who is editor of the online Cosatu Today and head of a self-styled Communist University, has labelled Madisha a "liar" and stated that he provided confidential documents for publication. Madisha noted on Wednesday he was reluctant to speak out, but felt it was essential he defend himself against "slanders and libels". He will not, however, take the matter to court, but will insist it be dealt with within "the relevant structures". On his Communist University website, Tweedie refers to bank statements and documents relating to an initially secret SACP bank account that Cape Town journalist and Business Report columnist Terry Bell disclosed last week.
Schreiber to find out if he'll be shipped back to Germany today
Toronto - Cash payments and secret Swiss bank accounts are now being linked to a business deal between Brian Mulroney and Karlheinz Schreiber. The incarcerated German businessman is making the new claims as he waits to find out if his extradition order will be put on hold, for now. A decision could come down today as to whether or not Schreiber will be sent back to Germany to face fraud and tax evasion charges. MPs are calling for him to stay for the duration of the public inquiry into his dealings with Mulroney. Schreiber told the Toronto Star that he used cash when dealing with the former prime minister to avoid a paper trail and allow the money to be deposited into a secret Swiss bank account. Those accusations are being denied by Mulroney's lawyers who say cash was offered -- and that's why it was accepted.
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