Watch An F1 Racecar Tear Through The Lincoln Tunnel At 190 MPH

Most drivers get through the Lincoln Tunnel at about 20 mph, if they're lucky enough not to hit traffic. David Coulthard shot through at 190 mph.

Red Bull Racing is sponsoring the first Formula One Race in New Jersey next June, and wants everyone to know about it. To get the word out, it hired Coulthard to drive an F1 racecar through sections of the planned route, along the New Jersey waterfront and through the Lincoln Tunnel.

To skip to the tunnel stunt, jump to 1:19. Check it out:

Now take a look at 11 of the world's wildest highways >

[Via The New York Times]

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Source: http://feedproxy.google.com/~r/businessinsider/~3/hW_Q12Nc9r0/f1-racecar-tears-through-the-lincoln-tunnel-at-190-mph-video-2012-8

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Watch As A Russian Crane Drops A Luxury Yacht

When you spend loads of cash on a yacht, you expect it to be well taken care of.

Not so in this case, where a crane operator in Russia dropping some unlucky millionaire's luxury ride into the water. Fortunately, Bloomberg caught it on video.

 

Now take a tour of a $50 million yacht with a helipad >

[Via ZeroHedge]

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Source: http://feedproxy.google.com/~r/businessinsider/~3/_1EY6X28H4I/crane-drops-luxury-yacht-2012-8

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Governments In America Are Literally Vanishing

gob

According to a new report from the U.S. Census, there are now 89,004 incorporated counties, cities, townships and school districts.

That's 472 fewer than in 2007!

Ten states had fewer townships because of mergers and consolidations, the bureau said.

For example, voters in Princeton Borough and Princeton Township, NJ approved last fall a consolidation of the two towns into a single municipality to be known as Princeton.

Illinois leads the nation with 6,968 local governments -- approximately 2,000 more, the study found.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/f_f5aRMSh74/governments-in-america-are-literally-vanishing-2012-8

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Govt Insured Program For Senior Home owners

Reverse mortgages are an progressively preferred way for seniors to dwell off the equity from their residences and cease creating mortgage payments. This government application for seniors is assisting them give a method to combat the slowing financial system. This federal government application was developed from the Division of Housing and concrete Advancement (HUD) in [...]

The post Govt Insured Program For Senior Home owners appeared first on legal debt help online.

Source: http://www.legaldebthelponline.com/2012/06/27/govt-insured-program-for-senior-home-owners/

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Getting Robbed Would Be Worse If Thieves Didn?t Leave You With Bus Fare

twodollasplsIf common decency was as common as it should be, people wouldn't be going around robbing each other in the first place. But there's at least enough good human feelings floating in the air to give thieves pause after mugging a man at gunpoint and ask the victim if he had a way to get [...]

Source: http://consumerist.com/2012/08/getting-robbed-would-be-worse-if-thieves-didnt-leave-you-with-bus-fare.html

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Man Tracks Down His Stolen Laptop & Starts Fund To Help Teen Who Ended Up With It

computerstolenHaving your stuff stolen really sucks. Something is yours, you own it and then poof ? it's gone. One Boston graphic designer was so sick of his computers being stolen, he installed security software on his Macbook Pro just in case and ended up finding out where his laptop had wandered off to. But instead [...]

Source: http://consumerist.com/2012/08/man-tracks-down-his-stolen-laptop-starts-fund-to-help-teen-who-ended-up-with-it.html

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Kill Your Excuses Before They Kill You

By Jon Acuff

A few weeks ago, I sat next to two sisters in their 60s on a flight. They were flying back from a trip together. They instantly made me laugh by asking me, ?Do you mind if we eat our breakfast?? at which point they pulled out massive barbecue sandwiches.

I told them it was 8 p.m. and most people wouldn?t have described barbecue as breakfast. They just smiled and said, ?Oh honey,? as if I?d said the silliest thing. But as we started talking, they ended up asking me a really difficult question.

In the middle of the flight, after telling them what I did for a living, I gave them a copy of my book Quitter. They read the back cover and the description. Then, one of the sisters got deathly solemn and leaned over to me. Somewhere 30,000 feet above Dallas, she asked me this:

?What do you do when all your excuses for not pursuing your dream are gone? Your kids are out of the house, you?re retired, you?re not too busy, and suddenly you can?t make those same excuses anymore? What do you do then??

I didn?t have an easy answer for her. When I wrote Quitter, I thought a certain age group would like it. But I wasn't thinking about retirees that much. I missed a simple truth about life.

We all make excuses why we?re not pursuing the things we feel called to do. That?s not limited to a certain age group or generation.

We all have too many other obligations.

We're all too busy.

We?ve got to make the right amount of money first.

We can?t get started until later.

But the problem is that, someday, we?ll all come to a place where the excuses don?t work anymore. Eventually, our excuses disappear like they did for the sisters on the plane, and we?re left with the difficult question of ?What now??

Excuses will kill us if given the chance. They will climb aboard our backs and walk us into the grave, without us ever knowing what might have been.

Or, we will call them what they are: foes not friends. We will label them as enemies and fight them. We'll we confess we have them so that we can drag them into the light and kill them, long before they kill us.

I don?t know what your excuses are for not starting your dream, but I know two sisters in their 60s who are not going to walk into their 80s with the same excuses. They read 80 pages of Quitter on the plane. And when we landed, they said, ?You wrote my story! This is my story! I know three of my friends I am going to give this to!?

I immediately said, ?You?re right. If there?s one thing I know, it?s how it feels to be a retired African-American grandmother.? I think that might be what I said, but to be honest I was too distracted thinking about you and me.

I don?t want us to wait until we?re 60 to deal with our excuses.

I want us to kill them before they kill us, which is why we?re holding another Quitter Conference in Nashville on September 21 and 22, 2012. This two-day conference is designed to equip you to chase your dreams in the best possible way and will help you answer questions like:

  1. What is my dream?
  2. How do I avoid the common pitfalls that wreck most dreams before they even begin?
  3. Where do I find more of the most limited?but most critical?resource, time?
  4. How do I fall in like with my day job, as I work toward my dream job?

Whether you?re unemployed right now, stuck in a job you don?t love, or just curious about growing your dream job, this weekend is for you.

It?s time to kill your excuses. And, for two days, hundreds of dream chasers from all walks of life will do just that.

I hope you?ll join us.

Jon Acuff is the Wall Street Journal best-selling author of Quitter and Stuff Christians Like. Known for his entertaining and inspiring messages, he travels the country speaking to businesses and colleges on everything from leadership and purpose to social media and life balance. He?s a regular contributor to CNN.com, Fox News Channel and ABCNews.com. Find out how you can schedule Jon or any of our speakers for your next event.

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Source: http://www.daveramsey.com/article/kill-your-excuses-before-they-kill-you/lifeandmoney_career

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Man Tracks Down His Stolen Laptop & Starts Fund To Help Teen Who Ended Up With It

computerstolenHaving your stuff stolen really sucks. Something is yours, you own it and then poof ? it's gone. One Boston graphic designer was so sick of his computers being stolen, he installed security software on his Macbook Pro just in case and ended up finding out where his laptop had wandered off to. But instead [...]

Source: http://consumerist.com/2012/08/man-tracks-down-his-stolen-laptop-starts-fund-to-help-teen-who-ended-up-with-it.html

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Do You Trust the Earnings at Guess??

Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.

Earnings' unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.

Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Guess? (NYSE: GES  ) , whose recent revenue and earnings are plotted below.

Source: S&P Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.

Over the past 12 months, Guess? generated $195.9 million cash while it booked net income of $231.7 million. That means it turned 7.4% of its revenue into FCF. That sounds OK. However, FCF is less than net income. Ideally, we'd like to see the opposite.

All cash is not equal
Unfortunately, the cash flow statement isn't immune from nonsense, either. That's why it pays to take a close look at the components of cash flow from operations, to make sure that the cash flows are of high quality. What does that mean? To me, it means they need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don't appear on the income statement (such as major capital expenditures).

For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable for the short term) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it's ordinary in recessionary times, and you can only increase collections so much. Finally, adding stock-based compensation expense back to cash flows is questionable when a company hands out a lot of equity to employees and uses cash in later periods to buy back those shares.

So how does the cash flow at Guess? look? Take a peek at the chart below, which flags questionable cash flow sources with a red bar.

Source: S&P Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. TTM = trailing 12 months.

When I say "questionable cash flow sources," I mean items such as changes in taxes payable, tax benefits from stock options, and asset sales, among others. That's not to say that companies booking these as sources of cash flow are weak, or are engaging in any sort of wrongdoing, or that everything that comes up questionable in my graph is automatically bad news. But whenever a company is getting more than, say, 10% of its cash from operations from these dubious sources, investors ought to make sure to refer to the filings and dig in.

With questionable cash flows amounting to only 4.8% of operating cash flow, Guess?'s cash flows look clean. Within the questionable cash flow figure plotted in the TTM period above, stock-based compensation and related tax benefits provided the biggest boost, at 8.8% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 38.9% of cash from operations.

A Foolish final thought
Most investors don't keep tabs on their companies' cash flow. I think that's a mistake. If you take the time to read past the headlines and crack a filing now and then, you're in a much better position to spot potential trouble early. Better yet, you'll improve your odds of finding the underappreciated home-run stocks that provide the market's best returns.

We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal ? and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate ? and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

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Source: http://feeds.fool.com/~r/usmf/foolwatch/~3/7nLzOei_FzU/story01.htm

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Joining Together Credit Card Bills The Correct Way

Bringing together consumer debt comes into play a new range of shapes and forms. Absolute confidence the things your overall pacificdebt.com|pacificdebt consolidation|pacificdebt|pacificdebt loansoverall credit score is therefore how very good involving credit debt you have, you’ll be able to obtain a lending product which can suit your specifications. The following are some frequent strategies that [...]

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Source: http://www.legaldebthelponline.com/2012/06/27/joining-together-credit-card-bills-the-correct-way/

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