Unemployment Falls, Markets Rise

Posted by & filed under The Economy.

It’s Been a Wild and Wooly Week for the Markets This Past Week. Unemployment Dropped to 7.5%, The Dow Broke 15,000, the S&P 500 Closed at 1614, the NASDAQ Finished at 3378 and the 10 Year Treasury Stands at 1.75%. You Can See the Details at: http://www.bloomberg.com/news/2013-05-03/s-p-500-surpasses-1-600-as-u-s-stocks-advance-for-second-week.html

The Fly in the Ointment is That the Average Number of Hours Worked Fell, and Factory Orders Fell. Yet, Hourly Earnings Rose .2 You Can See the Full Slate of Economic Numbers Reported for the Week at:  http://www.bloomberg.com/markets/economic-calendar

Pennsylvania Homeowners to Share as Much as 612 Million in Property Tax Reductions

Posted by & filed under On the Pennsylvania Economy.

It is Estimated Homeowners in Pennsylvania will Share as Much as 612 Million in Property and Wage Tax Reductions. The State Department of Education Released Estimates of Next Years Reductions for Local School Districts Under the Homestead and Farmstead Exclusion Program. See the News Release at http://news.yahoo.com/pa-homeowners-share-tax-reductions-172013194.html

The Economy by The Numbers

Posted by & filed under The Economy.

Morningstar has Published a Great Article Providing Insights into the Most Recent Numbers Released on the Economic Calendar including: GDP (Quarterly Annualized Growth, Year Over Year Growth Rate and Contribution to GDP Growth Rate by Category), Government Spending, Housing, Manufacturing, Durable Goods, Personal Income and Employment. See the Article at http://news.morningstar.com/articlenet/article.aspx?id=594421&part=2

Property Rights in Pennsylvania

Posted by & filed under On the Pennsylvania Economy.

The Supreme Court of Pennsylvania Reaffirmed the Dunham Rule with respect to property rights. This Case Involved a Deed Executed in 1881 that reserved to the Grantor one half the minerals and petroleum oils. The Dunham Rule Asserts natural gas cannot be defined as a mineral. The Pennsylvania Supreme Court Ruled Natural Gas trapped within Marcellus Shale is not a mineral. Since Natural Gas was not stated the right of ownership of Natural Gas was not conveyed by the Deed.  Read about the decision at http://www.centralpennbusiness.com/article/20130425/CPBJ01/130429872/State-Supreme-Court-affirms-Dunham-Rule-for-Marcellus-Shale&template=art

The Investment Advisor  –  Helping  Investors in Pennsylvania

Are You Responsible for Your Parents Health Care?

Posted by & filed under Asset Protection.

In 2009 a Norristown Pennsylvania Woman was Sued by Her Mother’s Nursing Home for Her $300,000 bill. In 2011 A Pennsylvania Court Ordered a Man Living in Allentown Pennsylvania to Pay His Mother’s $93,000 Nursing Home Bill. Under Pennsylvania’s Filial Law Adult Children Can be Made to Pay for their Elderly Parents Nursing Home Care. These Headlines Underscore the Need for Proper Financial and Wealth Management Planning. Additionally, Those With Significant Assets Should Take Steps to Protect their Investments and Savings from Potential Creditors Well in Advance of a Potential Creditor Attempting to Lay Claim to Them. See The Stories at http://abcnews.go.com/Business/pennsylvania-son-stuck-moms-93000-nursing-home-bill/story?id=16405807 and  http://abcnews.go.com/Business/story?id=8074570&page=1

The Investment Advisor – Helping Families in Pennsylvania

On the National Scene Jobless Claims Fall for the Week Ending April 20th

Posted by & filed under On the Pennsylvania Economy.

Jobless Claims Drop: Applications for jobless benefits fell by 16,000 to 339,000 in the week ended April 20, according to Labor Department data released in Washington. Economists in a Bloomberg survey had a median estimate of 350,000 claims. Check Out the Details at http://money.cnn.com/2013/04/25/news/economy/unemployment-benefits/index.html

How The Pennsylvania Economy and Retirement Plans Intersect

Posted by & filed under On the Pennsylvania Economy.

Pennsylvania’s Retirement System is Under Funded by $41 Billion Which May Change the Way the State of Pennsylvania Provides for the Retirement of Teachers and State Workers. This Dramatically Illustrates the Effects of a Financial System Turned on its Head Combined with Poor Planning. How Will You Provide for Your Retirement? Enclosed is a Link to an Article Which Elaborates on the Situation in Pennsylvania http://www.pachamber.org/pressroom/Transactions_Pension%20(3).pdf?utm_source=Listrak&utm_medium=Email&utm_term=http%3a%2f%2fwww.pachamber.org%2fpressroom%2fTransactions_Pension%2520(3).pdf&utm_campaign=Sentinel Helping Individuals and Families Plan for their Retirement in Pennsylvania.