Oct. 29—GRAND FORKS — Cole Reschny left home at age 13.
He moved to Edmonton to play hockey for Northern Alberta Xtreme U15. His older brother, Austin, opted to play for NAX's 18U team that season.
They billeted at the same Edmonton home, living in an unfinished basement. Their beds were three feet apart.
They shared a bedroom growing up in Macklin, Sask., but this was different.
"We literally spent every hour of the week together," Austin said.

#Edmonton #cole #northern #alberta

Social Security provides about 30% of older Americans' household income, according to a Congressional Research Service report.
Earnings, pensions, retirement account withdrawals, and investments also contribute to older Americans' income.
Social Security's share of income rises with age, reaching about 40% among adults 80 and older.
You may envision relying on Social Security during retirement, but the data show older adults tend to depend on other income sources.
About 19% of Americans 65 and older whose households received Social Security relied on it for 90% or more of household income in 2019, according to a 2025 Congressional Research Service report. Other sources fill the gap, according to the **** ysis: earnings, pension and retirement fund payments, and income from **** ets. The report matched Social Security Administration records with survey responses and included people still working.

#Social #income #Retirement #Research

(Bloomberg) -- SK Hynix Inc. (SKHY) plans to return about 80% of the gains from selling down its stake in ***** an's Kioxia Holdings Corp. to shareholders through a special dividend of about 16 trillion won ($12 billion), the DongA Ilbo newspaper reported.
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#corp

With the federal budget deficit at $2 trillion and debt-interest costs topping $1 trillion a year, it may be tempting to look for extra cash under the sofa cushions.
Urgency has grown in recent months as Treasury yields have soared to the highest levels in more than 20 years, putting more pressure on interest expenses.
The Treasury Department has tried some unconventional measures recently to take the heat off yields, including buybacks of more long-dated debt and its intervention to prop up the yen that let ***** an avoid selling its Treasuries.
Given such surprises, speculation has grown around even more far-out tactics. One idea that comes up from time to time is for the Treasury Department to price its immense gold holdings at market rates.
The U.S. has the world's largest gold reserves, which total about 261.5 million ounces, or more than double what No. 2 holder Germany has. But the U.S. ***** d's official price was set by Congress in 1973 at $42.22 per ounce, and it hasn't changed since.

#trillion #interest

Suze Orman favors quality dividend-paying stocks over bonds for retirees, arguing rising dividends better protect income from inflation than fixed coupons.
A $500,000 Treasury at 4.96% yields $24,800 annually, but a dividend portfolio growing 6% yearly surpasses that income after roughly nine years.
Retirees with a spending gap should hold five years of that gap in Treasuries, TIPS, or CDs to avoid selling stocks during a downturn.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Suze Orman has spent years nudging retirees toward stocks that pay them. On her podcast episode Suze's Projections for 2026, released January 11, 2026, she described the income approach she prefers: "as time goes on and you are older and you're looking for income, dividend-paying stocks that are good quality, that pay you a good dividend along with some of your money invested purely for growth."

#income #stocks #retirees

Seeking a route back to winning ways after a stunning 4-3 home loss to Club Brugge in midweek Champions League action, Inter head to Stadio Renato Dall'Ara to face Bologna on Saturday. Despite another disappointing result in Europe, the reigning Serie A holders are leading the way in the domestic championship after six rounds.
Except for a dramatic 2-2 draw against Roma on the stroke of the international break, Cristian Chivu's charges have won all five remaining league fixtures this season, including a 3-0 rout of Parma last weekend. However, there's no room for complacency, as they sit level on points with early surprise package Lazio ahead of Saturday's kickoff.
In stark contrast, Bologna have endured a rough start to the season, picking up just two points from the opening five matchdays (D2, L3). It sent a signal to the club that it was time for new boss Domenico Tedesco to go, with Raffaele Palladino taking his place in the dugout just before the international break. The change paid off quickly as the Rossoblu eked out a 2-1 win at Lecce on the Italian's road debut last time out.
Buoyed by last weekend's triumph, Bologna fans are looking forward to Inter's visit, knowing the Nerazzurri have only won one of the last five Serie A meetings between the sides (D2, L2). Away from the pitch, fans looking to protect their online privacy while streaming matches or browsing football coverage can explore VPN services. With these, you can add a dedicated IP to your Private Internet Access plan, giving you an IP address reserved for your use rather than shared with other VPN users.
Without further ado, let's see how this clash could unfold.

#bologna #five #season #points

England had just been beaten by Sri Lanka in the second one-day international at Headingley and coach Brendon McCullum was speaking to his players in the dressing room.
"The game is slightly different now," he said. "The ball is playing a massive part."
The difference McCullum referenced is reverse swing - the way an older ball moves in the air in the opposite direction to convention.
The playing conditions in ODIs were changed in July 2025, allowing captains to choose after 34 overs which of the two white **** used at either end they would like to use to complete the rest of the innings.
With the chosen ball now able to get older and scruffier, the result has brought a reverse swing renaissance, something which is already having an impact on the format and poses intriguing possibilities for the future less than 12 months out from the next World Cup.

#ball #mccullum #playing #older

A handshake agreement. That's the term I saw all weekend regarding the College Football Playoff expanding from 12 teams to 24 beginning next year, with ESPN remaining the sole rights holder. There are positives and negatives to the reported deal, and it was refreshing to hear discourse on both sides of the argument across ESPN's networks this weekend. That's something college football fans didn't get with the network's coverage of the Protect College Sports Act.
However, in the end, ESPN owns all the goods. Again. The network has been the exclusive rights holder since the playoff began just 12 years ago. Fans can debate whether expanding the playoff to 24 teams will diminish the weekly must-win stakes of college football or lead to the elimination of conference championship games for major conferences. One thing remains clear: ESPN controls the entire package. That raises a question: If the sport wants to expand on the field, why can't it expand how those games are broadcast?
The old saying goes, "Follow the money." After signing a six-year, $7.8 billion exclusive extension in 2024, ESPN received an exclusive 30-day window to negotiate with the College Football Playoff over expansion. That window expired, but a handshake agreement was reportedly reached in the days that followed.
As a result, FOX Sports, CBS Sports/TNT Sports/Skydance, NBC Sports, and others never had an opportunity to compete for the expanded package during that window. Has ESPN dominated college football coverage for generations? Of course. Is watching College GameDay part of the average fan's Saturday routine during the fall? Absolutely.
But imagine if the NFL, MLB, NBA and NHL handled their biggest events the same way. Imagine if Kevin Burkhardt and Tom Brady were left out of the NFL's biggest games. What if Kenny Albert and Eddie Olczyk never got the opportunity to call the Stanley Cup Final?

#college #exclusive

The Penthouse Pet accused of stealing from older men has hired an Israeli attorney who is trying to get her extradited to her home country — a day before a judge will decide if she is competent to stand trial.
Lawyer Tai Sharki told The Post about his plans to spring former model Adva Lavie from LA County Jail, where she has been locked up since Beverly Hills police spotted her without her ankle monitor in July.
Sharki, who once served a lengthy prison sentence himself, said he was retained by Lavie "just a couple days ago" and described her jail stay as "traumatic."
Adva Lavie, The Penthouse model has hired an attorney seeking extradition. Jam Press
Israeli attorney Tai Sharki, retained by Adva Lavie. Extradition "by any means necessary." Obtained by CA Post

#adva

Despite the S&P 500's (SNPINDEX: ^GSPC) 13.3% gain thus far in 2026, there's still plenty bubbling beneath the surface that could trigger a sharp and sudden market crash. Stubborn inflation, the U.S. national debt sitting above $40 trillion, and fears of an artificial intelligence bubble are just a few concerns.
As one of the most successful investors of all time, Warren Buffett has some sage advice. It's found in the 1996 Berkshire Hathaway shareholder letter, which offered one of the top strategies for handling a market crash. The good news is that it can be followed before a crash even starts.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's easy to feel panicked when the market starts tumbling, and making any kind of move, even if it's a knee-jerk reaction, can initially feel better than making no move at all. While that small voice whispering to "sell" may never go away during the initial waves of a market crash, it can be countered by being prepared in advance.
Buffett shared exactly how to counter it. In Berkshire's 1996 shareholder letter, he said, "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."

#crash #NVIDIA #even #shareholder

For a subset of young workers, the name of the game is to squirrel away enough savings and investments so retirement can come early, substituting strategic personal finance for a lifetime of labor. (FIRE!)
It turns out that the post-pandemic boom and explosion of stock prices has already gifted many older Americans with a version of that lifestyle, according to Bank of America — and it's affecting the economy.
Labor force participation — which measures the share of people employed or seeking work among the total population — never recovered after the shock of the pandemic.
According to BofA's economics team, led by Aditya Bhave, the biggest driver behind the decline in overall labor force participation has been workers over age 55 leaving the workforce.
"This debunks a popular bearish narrative on the labor market: 'the u-rate would have been higher if participation hadn't fallen,'" Bhave wrote.

#according #workers #FIRE #americans

Doctors discuss COVID, flu and RSV vaccines recommended this year.
As the weather turns colder, it also means respiratory virus season is upon the United States.
In its annual outlook report, the Centers for Disease Control and Prevention (CDC) said it expects the 2026-27 respiratory virus season to have a similar number of peak hospitalizations from influenza, COVID-19 and RSV compared to last season.
Public health specialists told ABC News the best way for people to protect themselves against these viruses is to get vaccinated.
Flu vaccine

#season #virus #centers

Several world-famous celebs gathered for the Louis Vuitton Spring/Summer 2027 show during Paris Fashion Week. Among the stars in Paris was Zendaya, who not only turned heads with her look but also made headlines for a brief interaction she had with Brigitte Macron, the First Lady of France.
In a video shared by Alexandre Maras, editor-in-chief of Paris Match, you can see the exact moment Brigitte Macron walks over to greet the Dune actress. During this brief encounter in the Cour Carrée of the Louvre Museum, 30-year-old Zendaya remained seated. The president's wife leaned in slightly to shake the actress's hand. The Euphoria star returned the gesture, shook her hand, and said it was a pleasure to meet her.
Moments before 73-year-old Brigitte Macron approached Zendaya, Bernard Arnault, CEO of the luxury group LVMH, had also greeted the actress. The executive leads the luxury conglomerate that brings together more than 75 internationally renowned brands, such as Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Marc Jacobs, Kenzo, among others.
Bernard Arnault and Zendaya at the Louis Vuitton fashion show (@ WWD via Getty Images)
Zendaya behaved the same way with Arnault; she greeted him, shook his hand, and stayed in her seat. Debate quickly erupted on social media. Some argued that the actress should have stood up out of courtesy and greeted them both on her feet—first, because of their positions as First Lady and top executive, and second, because they are older.

#louis

Fresh off the plane from Paris, Emma Stone stepped onto the New York Film Festival red carpet for the premiere of her upcoming film, The Debut.
Theo Wargo/Getty Images for FLC
We were blown away by the bright blue Louis Vuitton tailored look she wore in the front row of the Spring 2027 show, and I was hopeful it would signal a run of bolder fashion choices. But seeing Emma back on the red carpet in this fresh-off-the-runway Louis Vuitton Spring 2027 slip dress, I feel like we're right back where we started.
My main issue is the top half of the dress. The draped neckline and contrasting panel feel awkward, while the pale grey and beige tones wash her out, especially after seeing how well she wore that vivid blue in Paris.
Looking at the runway, I would have much preferred the original yellow version. We already know how good Emma looks in yellow. Her 2014 Atelier Versace dress, 2026 Golden Globes look, Bugonia London premiere look and that iconic La La Land dress are all reminders of how well the colour works for her.

#emma #dress #carpet

America's older households sit on nearly $140 trillion in wealth, and much of it showed up recently.
Households age 55 and over held around three-quarters of the nation's total net worth in the second quarter of 2026, according to an Oct. 1 report from Bank of America Institute, based on ******* ysis of Federal Reserve data. "With equity markets rising strongly," wrote senior economist David Michael Tinsley, those households have seen "a more than 20% increase in their net worth over the past two years."
That rally has run on AI. The Magnificent Seven accounted for more than half of the S&P 500's gains last year, Fortune reported in April, and Goldman Sachs strategists found technology stocks drove 85% of the index's return through mid-May this year. "AI-driven return has been the single most important structural driver of equity performance," Capgemini's Luca Russignan told Yahoo Finance in June. Boomers own 54% of all U.S. stocks.
That's a lopsided split. Americans 55 and over make up about 31% of the population, according to Census Bureau estimates, but control roughly 75% of its net worth.
The pile gives many older Americans what the institute calls "considerable capacity to spend on travel and other leisure categories." Add their growing share of the population and their extra free time, and they become an increasingly influential market for businesses chasing consumer dollars. The BofA report focused mainly on the economic implications of a growing mass of older consumers, but the generational wealth composition was striking.

#households #institute #according #report

Under Warren Buffett, Berkshire Hathaway stock returned 19.7% annually between 1965 and 2025, nearly doubling the 10.5% annual return in the S&P 500 (SNPINDEX:^GSPC). That makes Buffett a great source of inspiration, and he consistently recommended an S&P 500 index throughout his career.
"In my view, for most people, the best thing to do is to own the S&P 500 index fund," Buffett said at Berkshire Hathaway's shareholder meeting in 2021. Investors have several options, but Buffett himself selected the Vanguard S&P 500 ETF (NYSEMKT:VOO) when going head-to-head with a hedge fund in the early 2000s.
Missed AI's "Act 1"? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ***** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Following Buffett's advice could turn $400 per month into $820,000. Here's what investors should know.
Image source: Getty Images.

#source

Priscilla Presley is celebrating her granddaughters, Harper and Finley, on their 18th birthday
The sisters made their magazine debut with Priscilla on EQLuxe's cover last November
Their older half-sister, Riley Keough, has shared rare childhood photos to mark some of their birthdays
Priscilla Presley's granddaughters are all grown up!
On Wednesday, Oct. 7, the actress, 81, celebrated her granddaughters, Harper and Finley Lockwood, the twin daughters of Lisa Marie Presley and Michael Lockwood, as they turned 18.

#granddaughters #presley #harper #riley

AGNC's Q2 spread income of 40 cents per share covered its 36-cent dividend, but the payout has been cut three times since 2015.
Annaly raised its quarterly dividend from $0.70 to $0.75, while Dynex rebounded to 6.4% economic return after both posted Q1 losses.
If Q3 spread income falls below 36 cents or book value drops below $8.38, shareholders' own capital funds the dividend and a cut becomes likely.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
AGNC Investment (NASDAQ:AGNC) is a mortgage REIT that borrows short-term money in the repo market, buys agency mortgage-backed securities, and keeps the spread between bond yields and borrowing costs. Leverage of 7.4 times tangible equity magnifies both gains and losses.

#times

Matthew Lillard answered, "No. Not really," when asked whether he feels valued by Hollywood as an artist. The 56-year-old was speaking with Tommy DiDario on the Oct. 6 episode of I've Never Said This Before.
In an excerpt shared exclusively with PEOPLE, the Scream and Scooby-Doo actor said colleagues who have worked with him recognize what he brings to a production. He described trying to keep the atmosphere on set light while remaining dedicated to the work.
At conventions, he sees older and younger admirers waiting in long lines to meet him. He believes Hollywood underestimates that audience and said he takes pride in the connection he has built with fans.
Lillard emphasized that he is grateful to be approaching 40 years in the business. He said his frustrations were harder to live with when he was younger, when he was more impatient for a chance to move up.
Lillard described himself as quirky, gangly and energetic, capable of broad comedy and serious dramatic work. He said casting decision-makers are more comfortable with performers who fit a recognizable movie-star image, while his combination of qualities has made him harder to place.

#lillard

Hollywood's brightest continue to shine even as the years roll on, proving that true star power never fades. These 11 living legends, all in their 90s or older, have shaped entertainment history and remain beloved by generations of fans. Join us as we celebrate their remarkable lives and legacies with a look at the faces and moments that embody the enduring magic of Hollywood.
MEGA
With iconic roles in suspense classics, Tippi Hedren remains a glamorous, pioneering force on and off screen. Her passion for animal rescue and advocacy has made her a real-life hero, engaging fans and conservationists alike. She founded the Roar Foundation in 1983, which supports the Shambala Preserve, an 80-acre wildlife habitat in Acton, California, dedicated to caring for lions, tigers, and other big cats, as reported by The Hollywood Reporter. She continues to inspire, both through cherished films and her ongoing commitment to wildlife protection.
MEGA
Shirley MacLaine's decades-spanning career has earned her a place among Hollywood's most prolific actors. Known for both comedic brilliance and dramatic depth, her multi-award-winning career includes unforgettable film and television performances. She earned the Academy Award for Best Actress for her role in Terms of Endearment, one of six Oscar nominations across her storied career, per ShirleyMacLaine.com. Her outspoken nature and writing continue to captivate and provoke thought even today.

#even

Jamie Lee Curtis came from Hollywood royalty: parents Janet Leigh and Tony Curtis
Janet and Tony welcomed daughters Jamie Lee and Kelly Lee before divorcing in 1962
The Oscar-winning actress has previously credited both of her parents for encouraging her to pursue a career in acting
Jamie Lee Curtis inherited the acting gene from her parents, Janet Leigh and Tony Curtis.
The Halloween actress was born in November 1958 — seven years after Janet and Tony married in 1951. Jamie Lee was raised alongside her older sister, the late Kelly Lee Curtis, in Los Angeles. After Janet and Tony divorced in 1962, Janet took primary care of the girls, which resulted in a deep bond between the mother and her daughters.

#curtis #daughters

American Express (NYSE: AXP) has been a staple of Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) portfolio for decades -- with Warren Buffett essentially completing purchases of the stock by 1995. Buffett's hand-picked successor -- Greg Abel -- expects American Express to remain a long-term compounder and a core Berkshire holding because it's a business Berkshire understands well and trusts its management team.
American Express also features a growing dividend. It doesn't raise it every year, but even during the 2008 financial crisis, when many banks and financial services companies were slashing their payouts, American Express held its quarterly dividend steady at $0.18 per share.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
American Express has substantially increased its dividend since then. The next payment of $0.95 per share is payable on Nov. 10 to shareholders on record as of Oct. 9.
Here's how many shares of American Express you'd need to generate $1,000 in yearly dividends, and the three levers American Express pulls to reward long-term shareholders.

#signal

My husband and I recently learned about an estate plan that I believe could leave him with little or none of his parents' inheritance, while their plan for long-term care remains murky. Could you give us your two cents?
They have two children: my husband, 47, and his older brother, 57. His parents, both 80 and in excellent health, own their home outright and have about $600,000 in a brokerage account, in addition to pensions and Social Security.
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The parents originally bought their home to be close to the older brother and his family. My husband and I live on the East Coast. He is a few years from retiring from the military and plans to work as a contractor afterward. We both expect to work for at least another 10 years. He has a good relationship with his parents and visits three times a year to help care for them.

#plan

The 10-year Treasury yield recently touched its highest level in roughly two decades, north of 5.3%, per CNBC.
When the 10-year Treasury yield rises, stocks can become less attractive because investors can earn higher yields on safer bonds, and higher borrowing costs can weigh on companies and their growth. At the same time, older bonds with lower interest rates lose market value compared with newer, higher-yielding bonds.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In short, this yield is the interest rate the U.S. government pays to borrow for 10 years and is a key benchmark for global borrowing costs and economic outlook.
Here's a difference that matters. A Treasury note pays you the same coupon in year 10 that it pays you in year one. A growing dividend you can find in a stock doesn't sit still. It compounds. Buy the right business today, and the income it hands you a decade from now can be meaningfully larger than what it pays this year, on top of whatever the stock itself is worth by then.

#treasury

A 62-year-old retiree can withdraw up to $66,500 annually from a 401(k) at just 12% federal tax, moving roughly $532,000 before RMDs begin.
RMDs force a $1.2 million account holder to withdraw $45,283 in year one, potentially pushing effective tax rates to 41% when Social Security is included.
Leaving $900,000 untouched grows it to roughly $1.7 million by 73, creating a first RMD larger than the current 73-year-old's and repeating the same tax trap.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Picture two retirees. One is 62 with $900,000 in a traditional 401(k). The other is 73 with $1.2 million. Most people would take the bigger account. The smaller one is worth more because the 62-year-old still determines when that money gets taxed and at what rate. The 73-year-old has already gave that decision to the IRS.

#rmds

Ex-Prince Andrew is reportedly fully "convinced" that he will emerge victorious in his legal case against the police. Multiple publications reported that the disgraced former Duke of York would be pursuing legal action against the Thames Valley Police over his headline-making February arrest. Notably, Andrew has demanded a judicial review of whether the circumstances of his arrest were lawful.
Ex-Prince Andrew is reportedly positive that he will win his legal case against the Thames Valley Police. For those unversed, the search warrants were issued in February over suspicions of misconduct in public office and allegations concerning his ties to convicted **** offender Jeffrey Epstein.
Now, eight months after the incident, Andrew Mountbatten-Windsor has reportedly pursued legal action against police who arrested him and searched his homes earlier this year. A private hearing regarding the case is scheduled for Thursday, October 8. Ahead of the hearing, the disgraced royal is "utterly convinced" he will win the legal battle (via The Sun).
A source alleged that the former Duke of York feels "upbeat" and "buoyant". Also, he is sure of the fact he will be "completely exonerated" one day. The insider added that Andrew views the judicial review as the "first step" towards clearing the allegations and restoring his reputation.
Notably, Andrew's older brother, King Charles, stripped his brother of royal **** les. The king also banished him from royal accommodation. The disgraced prince disappeared from royal life and stopped making official public appearances.

#Legal #police #reportedly

An XRP holder proposed raising XRP Ledger fees 100x, but even that hike would cost only $0.0015 per transaction, which amounts to a negligible dent across 63 billion circulating tokens.
David Schwartz called higher fees 'truly bizarre,' warning they would drive away payment processors and undermine XRP Ledger's core advantage of cheap, fast settlement.
Higher fees would force active users to subsidize passive holders, and any fee change requires validator approval, which is a threshold this proposal hasn't reached.
Building a portfolio and living off one are two completely different skills, and almost ***** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Recently, an XRP (CRYPTO:XRP) holder made a bold proposal on X, suggesting that XRP Ledger fees be raised 10 to 100 times to enable a larger XRP burn with each transaction. Burning tokens reduces the total supply, a move many holders support because it could increase the value of their remaining tokens.

#tokens #ledger

A $300,000 investment in SCHD grew to $468,150 over five years versus $573,900 in VOO, leaving a $105,750 gap driven by missing big tech.
SCHD's dividend quality screen kept out the tech giants that led the market, yet that same tilt powered its 23.86% one-year return.
SCHD suits retirees drawing income today, but younger investors should know the yield cost a $300,000 account over $100,000 in five years.
Building a portfolio and living off one are two completely different skills, and almost ****** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Putting $300,000 into the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) on October 1, 2021 left a holder with $468,150 by October 5, 2026. The same money in the Vanguard S&P 500 ETF (NYSEARCA:VOO) grew to $573,900. That leaves a shortfall of $105,750.

#nysearca #Dividend #income #same

In 2023, a shareholder stood up at a Berkshire Hathaway (BRK.A) (BRK.B) annual meeting in Omaha and asked about the future of value investing. Charlie Munger took it: "I think value investors are going to have a harder time now that there are so many of them competing for a diminished bunch of opportunities," he said. "So, my advice to value investors is to get used to making less."
Warren Buffett, sitting next to him, did not let it stand. "And Charlie has been telling me the same thing the whole time we've known each other," he said in the same session. The two men met in 1959.
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#time #charlie #load

President Donald Trump signed an executive order Monday evening temporarily allowing the use of red-dyed diesel on public roads and deferring the federal excise tax on that fuel through the end of the year, a move aimed at lowering costs for truckers and farmers facing record-high diesel prices.
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.

#Diesel #federal #House #according