Effective Jan 1, 2008 the kiddie tax will apply to children age 18 and younger as well as college students under the age of 24.
Troy Onink of Forbes provides some strategies to deal with the new law.

A recent paper looked at how earnings (e.g., salary level), investment acumen, or propensity to save contributed toward retirement readiness.
The abstract states:
“very little of this dispersion can be explained by chance differences in individual circumstances largely outside the control of individuals’….investment choice is not a major determinant of the dispersion in asset accumulation…conclude that the [...]

John Maudlin has republished two papers this week. The second one is a recent essay by Jeremy Grantham (which you can also find on his GMO website (registration required).
The title of Grantham’s piece is “It’s Everywhere, In Everything: The First Truly Global Bubble (Observations following a 6-week Round-the-World Trip)” and provides a warning [...]