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The Independent Investor: The Pipeline Made Simple
By Bill Schmick,
08:00PM / Friday, November 21, 2014
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The U.S. Senate rejected passage of the Keystone Pipeline by one vote this week. The controversial energy plan will be back on the agenda, however, in January. For most of us, separating fact from fiction as both sides alter the facts is difficult at best, but here are some things we do know.

First, we can describe the project. The proposed Keystone XL project consists of an 875-mile stretch of pipeline and related facilities that will transport 830,000 barrels per day (bpd) of crude oil from Alberta, Canada, through Montana, South Dakota and Nebraska. It will then connect to existing pipeline facilities that flow through Nebraska, Oklahoma and ultimately down to the Texas Gulf

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The Independent Investor: U.S. and China Square Off
By Bill Schmick,
05:45PM / Friday, November 14, 2014
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In Beijing this week, the annual Asia-Pacific Economic Cooperation summit is winding down. As representatives from its 21 member nations return home, one thing is certain.  China has become America's main rival for influence in that region.

Depending on who you talk to, China's Gross Domestic Product (GDP) is expected to overtake that of the United States sometime in the next five years. Some argue that it may be sooner than that. But while we Americans might fret over falling to second place economically, China's communist leaders could care less. They are eyeing a far larger prize — control of much of the world's natural resources and the means to

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The Independent Investor: Workers Get to Save More in 2015
By Bill Schmick,
01:48PM / Friday, October 31, 2014
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The IRS has given us all a New Year's gift. As of Jan. 1, the tax-deferred contributions on a variety of employee-sponsored, retirement savings plans have been increased, but not for IRAs.

Readers may already be familiar with the traditional 401(k) plan. It was established as an alternative to the nation's pension plans that are fast disappearing. Most companies offer 401(k)s to their employees (or 403(b)s if working for the state or a non-profit) as a fringe benefit. These plans allow employees to contribute as much as $17,500 a year plus an additional $5,500 catchup if you are over 50. The contributions come right off the top of your W-2 wages so there are considerable tax

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The Independent Investor: The Elephant in the Room
By Bill Schmick,
03:27PM / Thursday, October 23, 2014
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Mid-term elections are less than two weeks away. Issues, for the most part, have fallen by the wayside as pure politics runs amuck. No wonder voter turnout is traditionally so poor in this midterm madness.

Republicans are running against an unpopular president and are expected to sweep both houses of Congress. All they have to do is keep the focus on President Obama while mobilizing their die-hard base.  That strategy appears to be highly effective so why worry about mundane things like issues? After all, if voters don't care, why should they?

Both parties' campaigns are now dictated by whatever voters are worrying about on a day-by-day basis.  The fear of an

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The Independent Investor: OPEC's Oil Ploy
By Bill Schmick,
01:29PM / Friday, October 17, 2014
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Over the last four months, Americans have received an early Christmas present. The price of oil has dropped precipitously, benefiting both corporations as well as the consumer. But that could be a two-edged sword for this nation.

Brent crude, the global oil benchmark in the futures market, has declined 23 percent since its June price of $115 per barrel. Today it is trading below $83 per barrel, providing an enormous windfall in cost savings for all of us. The retail price of gasoline has dropped 15 percent during the same time period to a national average of $3.17 a gallon. Every one-cent decline in gas prices equals about a $1 billion drop in energy spending, according to

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