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Bernard Madoff, convicted of running an $65 billion Ponzi scheme, was sentenced to 150 years in jail. What’s your take on his punishment?

Too heavy. There’s no point having him die in jail.
About right.
Not nearly heavy enough.
Not sure
 
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The Kiplinger Washington Editors
July 2, 2009
 

Overhauling
Financial Regs

By year-end or so, Congress will give the nod to a major rewriting of the nation's financial regulatory system. This week’s Kiplinger Letter explores whether the package will do more harm than good and what lawmakers are likely to include.
 
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I just attended a franchise seminar. The speaker represents a few hundred franchises that (he says) are hand picked. He has the prospect (aka victim?) answer some questions about themselves then he makes recomendations - based on your personality, capital situation, etc.. If you pick a franchise, then he does some due dilligence for you. If you both decide it's a good idea, he helps you get started. He says he offers this service free of charge, which means he gets a commission if he's able to sell you a franchise. Has anyone done this? Successfully? Unsuccessfully?
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Ethanol Demand Will Drive Up Corn Prices, Farm Costs

Is the demand for new energy sources changing agriculture and market for farm goods? Undeniably. With so much corn being turned into ethanol, consumer prices will rise and livestock farmers are getting pinched.
 
 
Keith Collins
Chief Economist, Department of Agriculture
Keith Collins, chief economist of the Department of Agriculture, is responsible for the department's agricultural forecasts and projections and for advising the secretary of agriculture on economic implications of alternative programs, regulations, and legislative proposals. He has had a hand in every farm bill written since 1985.

Ethanol is, doubtless, the favorite and fastest-growing alternative to gasoline. Ethanol production has exploded from 6 percent of the corn crop and 1.6 billion gallons in 2000 to a fifth of the corn crop and 5 billion gallons in 2006. And the crunch is going to get far worse before it gets better, the chief economist for the Department of Agriculture, Keith Collins, told Congress recently.

Collins says the explosive demand for corn has already outpaced what U.S. farmers grew in 2006, and with prices at a 10-year peak, farmers will respond by planting more this year. That means a cut in production of other crops, which will make them more expensive as well.

Corn farmers, of course, are delighted with their newfound fortune, but food wholesalers, hog and poultry farmers and others are getting pinched or will soon. And Collins says exports are likely to begin declining and that the environment could suffer as marginal land is put into use or land is over-farmed. Retail food prices will begin rising late this year.

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