California is considering legislation that would put pot essentially in the same category of alcohol, legalizing the sale of weed to anybody at any time, not just for medicinal reasons. Research indicates that if marijuana goes fully legit, an ounce of the choicest bud could cost just $38, down from the current rates that range from $300 …
california
39%
That’s how much health insurance rates will be hiked for many Anthem Blue Cross customers in California who buy individual policies. These same customers had their premium rates jacked up by around one-third last year as well. And the final kick in the balls: The folks affected have been told to expect their rates to increase more …
You Just Strategically Defaulted on Your Mortgage. What’s Next? ‘We’re Going to Disneyland!’
Approximately one million American homeowners will strategically walk away from their mortgages this year. Why? They’re underwater on their mortgages, and the rental market is so cheap that they can live large by paying a landlord instead of a bank.
Look What You Can Buy at eBay and Craigslist: It’s California!
To try and balance the California state budget, the Governator Arnold Schwarzenegger is emptying storage warehouses and rounding up anything worth selling. Lots of things that don’t seem worth selling too, or at least that don’t seem like they’d fetch much money at auction, such as coat racks, box cutters, and belt buckles. No matter. …
1849 All Over Again?
You lose your job. Then the home goes into foreclosure. What do you do? Go west to strike it rich in the gold mines. These are scenes from the 1800s, and from the Great Depression, and from today.
GM Starts Selling Cars on eBay: Should You “Buy It Now”?
Troubled car giant General Motors is starting an experiment today, becoming the first manufacturer to sell new cars on auction site eBay. But before you get ready to bid $2 for a Chevy Camaro, however, note two big caveats: There are no true auctions or bidding (“Buy It Now” is the only option listed), and for now, cars are only being …
Foreclosure Watch: At Some Point, Is It Smarter to Walk Away from Your Mortgage?
The news is making the rounds that in the first half of 2009, 1.53 million properties in the U.S. were in the foreclosure process. That’s up 15 percent companred to the previous year. The figures are certainly the result of the rise in unemployment and slow, confusing relief efforts from the government and lenders. It’s also likely that …
California Budget Solution: Tax Pot Sales
Few groups ask the government to tax them. But in light of California’s budget woes, a pro-marijuana group is advocating that the state government—that’s right, THE MAN—should take a piece of the action in pot sales.