Morning Journal--Capital gains should be taxed differently

 News on Stocks in Our Portfolios

 

Murphy Oil (MUR) declares $0.3125/share quarterly dividend, in line with previous. Forward yield 2.24%. For shareholders of record Nov 16. Payable Dec 03. Ex-div date Nov 14.

Economics

   This Week’s Data

            The September Institute for Supply Management’s nonmanufacturing index came in at 55.1 versus expectations of 53.5 and August’s reading of 53.7.

            http://scottgrannis.blogspot.com/2012/10/service-sector-beats-expectations.html

            Weekly jobless claims rose 4,000 versus estimates of a 7,000 increase.

   Other

            Median household income is declining (short):

            http://advisorperspectives.com/dshort/commentaries/Median-Household-Income-Update.php

Politics

  Domestic

The sorry state of US politics (short):

http://cafehayek.com/2012/10/a-circus-of-idiocy.html

            Why capital gains should be taxed differently (medium):

            http://townhall.com/columnists/thomassowell/2012/10/03/capital_gains_taxes

            Government spending does not create growth (3 minute video):

            http://www.zerohedge.com/news/2012-10-03/does-stimulus-spending-work\

  International War Against Radical Islam

            The insanity of our tolerance of Islamic fanaticism (medium):

            http://www.nationalreview.com/articles/328978/neurotic-middle-east-victor-davis-hanson

            More adventures in the Middle East (medium):

            http://www.zerohedge.com/news/2012-10-03/turkey-fires-artillery-shells-syria-alleged-retaliation

                And:

            http://www.zerohedge.com/news/2012-10-03/nato-issues-statement-syrian-turkish-hostilities