Category: MoneyCrashers

Posted on

Is Dental Insurance Worth It?

teeth and dollarsParents spend thousands of dollars on orthodontics to ensure their children have what’s arguably the clearest physical indication of prosperity: a straight, white smile. George Washington was certainly prosperous, but he also endured the agony of poorly fitted wooden dentures for much of his life. And James Brown, the Godfather of Soul, claimed that if a man had his hair and teeth, he had it all.
 
It’s not surprising then that an entire industry is devoted to keeping our teeth healthy, clean, and attractive. Aside from a big boost in self-confidence, the condition of your teeth plays a major role in your overall health. As with many things, many people are willing to pay for those benefits. But is purchasing dental insurance the best way to go about doing it?

Problems With Adult Teeth

Fortunately, many dental problems can be avoided or delayed with proper attention, such as every mother’s admonition to floss. However, even with regular care, some dental problems do naturally arise with age:

1. Dental Decay. Cavities can deteriorate into root canals and crowns when left untreated.
2. Gum Disease. Plaque causes gums to recede, potentially exposing them to disease. Poor dental hygiene can exacerbate the problem.
3. Accidents. Teeth can be broken or cracked as a result of being hit or simply biting down on an olive pit or cherry stone. This can require removal of the injured teeth in favor of bridges or implants. In extreme cases, dentures may be required.
4.Oral Cancer. Smoking not only stains teeth, it increases your risk of cancer. Gum disease can also trigger oral cancer, along with other health problems.
 
In addition to good dental hygiene, regular checkups and cleanings are always necessary – and, unfortunately, these cost money. But beyond the pestering costs of basic maintenance lurk far more significant dental operations which have the potential to devastate your personal finances.
 
Read more . . .

Posted on

Technology & Society – The Consequences

robot Technology has been both a boon and a curse throughout history, upsetting the apple cart of the established order with new opportunities for some and great losses for others. Consider the impact of the automobile, first on the horse and buggy industries, then on railroads. Television almost destroyed the movie business until the more creative people adapted. eBooks currently threaten longstanding bookstores and traditional publishers. The pace of technological advance has accelerated during the last half-century, challenging cultures, societies, and individuals to adapt to the new environment.
 
The benefits of technological advances are disproportionately enjoyed among the world’s communities, exaggerating the differences between those countries with stable, modern economies and those yet to develop. Even within a single economy, the benefits generally accrue to those who are better educated, more flexible, and less invested in the status quo.
 
In the past, technology primarily leveraged or expanded man’s physical and mental skills. The coming advances have the capability of replacing those skills, eliminating the need for man’s labor or direction. Simply stated, machines are capable of replacing much – if not most – of the jobs in our industrialized societies.
As the transfer occurs, how will cultures, economies, and political systems adapt? Will the future be the long-sought utopia, or the beginning of a cultural apocalypse, the societies depicted in science fiction novels such as “1984,” “The Hunger Games,” or “Soylent Green“?
 
Read more . . .

Posted on

6 Tips to Starting a Business in a Foreign Country

start-business1The combination of inexpensive technology, accessible virtual markets, and easy funding through crowdsourcing is changing the face of entrepreneurship. Today’s new business starters are socially sophisticated, willing to bear more risk than previous generations, and more likely to work out of a home or small office and rely on others for business processes. Some are small guerrilla outfits surfing from one hot concept to the next, and some are venture capital-funded geniuses with disruptor ideas.
 
It is a great time to start a new business – the best time in history.

The Keys to Success

America has always been the land of opportunity, the Mecca for entrepreneurship. While great fortunes have been made by immigrants and first-generation Americans such as Andrew Carnegie in steel, John D. Rockefeller in oil, and William A. Clark in copper, thousands of others formed successful small companies that provided financial security and employment for hundreds of thousands of their fellow citizens.
 
The possibility of being responsible for one’s own fate has never been greater in the history of the country. Latent opportunities for new ideas and businesses have exploded exponentially, each new concept and novel interpretation of old methods pregnant with possibility, just waiting to be birthed. There are several key reasons why this is so.

1. Cultural Accommodation

For much of history, capitalism was restricted to the beneficiaries of high birth, ancestral wealth, and exclusive education. The wide-open spaces and untapped resources of the new continent in the 19th century shattered cultural norms that had existed for hundreds of years. Entrepreneurs flooded the country, exploiting new resources, new markets, and new technology to create the greatest industrial nation in the history of the world.
 
Despite the success, access to these new possibilities was unfortunately generally limited to white males. Minorities (except in their limited communities) and women were excluded, restricted by racial prejudice, cultural stereotypes, and inefficient educations.
 
America in the 21st century is a more open society and access continues to broaden regardless of sex or ethnicity – anyone smart enough and brave enough to create a new business can try. According to a 2013 American Express report, there are 8.6 million women-owned businesses in the country, generating more than $1.3 trillion in revenues and providing jobs for 7.8 million employees. The rate of growth between 1997 and 2013 in new women-owned businesses has been one and a half times the national average. In a U.S. Census News release in 2011, Tom Mesenbourg, deputy director of the U.S. Census Bureau, proclaimed, “The growth in the number of minority-owned firms – both employers and non-employers – has far outpaced that of businesses overall.”
 
Led by federal and state governments, programs to assist potential new business owners are readily accessible and generally free. An entrepreneur can access classes ranging from basic accounting, to sophisticated product and service contracting. Face-to-face onsite mentoring is available from organizations such as S.C.O.R.E., while municipalities, colleges and universities, and private businesses offer incubator facilities with administrative and accounting assistance at low cost. Federal laws require that a percentage of federal contracts be subcontracted to small businesses and provide detailed contracting assistance for those individuals and companies who seek such work.
 
Read more . . .

Posted on

United States of Texas – The US Under Tea Party Influence

texasflagFew people are aware that, in 2008, Igor Panarin, dean of the Russian Foreign Ministry’s academy for future diplomats, predicted that the United States would break into four separate countries in 2010. He believed that the national and regional effects of the recent recession, and the people’s dissatisfaction with the status quo and the Federal Government, would result in the creation of five distinct, autonomous, political regions.
 
Panarin divided the U.S. into these new republics:

  • 1. Californian Republic. Idaho, Utah, Arizona, and all continental states west of them. Panarin predicted this group would fall under Chinese influence.
  • 2. Central North-American Republic. He expected all states between Montana, Colorado, Missouri, and Ohio to be absorbed by Canada.
  • 3. Atlantic America. Panarin believed the region from Maine to South Carolina and Tennessee would join the European Union.
  • 4. Texas Republic. All southern states, plus Oklahoma and New Mexico. Panarin predicted this group would either become part of Mexico or form its own government.
  • 5. Alaska and Hawaii. Panarin also believed that Alaska would become part of Russia, and Hawaii part of Japan or China.

    •  
    While Panarin’s prediction was wrong, or perhaps premature, he was right in identifying regional clusters of dissatisfaction, and their desires for change. For example, California voters are considering a proposal by venture capitalist Tim Draper to split the large state into six smaller units, so that “people will be closer to their state governments.” If implemented, the region would have 10 more senators.
     
    Another venture capitalist, Peter Thiel, co-founder of PayPal, has funded the development of floating cities in international waters off the coast of California which would assume a libertarian form of government completely outside U.S. control. In Thiel’s view, these cities would be free of regulation, laws, and moral conventions. They would provide no welfare, impose no minimum wage, and have loose building codes and few restrictions on weapons. While such efforts may be considered extreme by some, they reflect an underlying sentiment that is very real.

    The Lone Star Loophole

    While California would need congressional approval to divide into smaller units, Texas may not actually have that same restriction. Some people argue that within the terms of annexation, when the Republic of Texas joined the Union in 1846, there exists a right reserved by the state to split into five smaller states. This theoretical transformation would allow the resulting region to have 10 senators, rather than two – and eight more electoral votes.
     
    Read more . . .