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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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6 Popular Social Security Myths Busted (Beth Braverman, MSN Money) Most Americans depend (or will depend) on Social Security benefits for part of their retirement income. In some cases it may be most or all income received after retiring. There are many misunderstandings about Social Security and this article discusses six of the most common. One of the myths involves the misconceptions about income tax on Social Security income. If an individual has total income greater than $34,000 part of the SS income is taxed (and above $44,000 married filing jointly). And 13 states also tax SS income. In the member section today there are a number of other tax and retirement items discussed.
Articles about events, conflicts and disease around the world
State-by-State Guide to Taxes on Retirees (Kiplinger) Kiplinger provides detailed tax information for each state in this feature article. Below are some of the data maps they provide. On the Kiplinger site the maps are interactive with individual state data panels.
Other Economics and Business Items of Note and Miscellanea
Economic history is dead; long live economic history? (The Economist)
Americans Pull Back on Credit-Card Debt in February (The Wall Street Journal) Total debt increased but credit card debt was down in February,
The Ailing Economics Of Atomic Energy (Seeking Alpha)
Tunneling across a tiny gap (R&D) Microscopic heat transmission is by conducton, macroscopic heat transmission is by radiation but only now has heat transmission at the intermediate nanoscale been theoretically described. The process is "phonon tunneling", a process similar for vibrational energy as "photon tunneling" is for electromagnetic energy. Think of a photon as a quantum packet of light (electromagnetic energy) and a phonon as a quantum packet of sound (vibration, mechanical energy). Econintersect: It is astonishing to us that this treatment has not been worked out before. Electromagnetic (quantum) tunneling (wave mechanics applied to the famous "particle in a box" model) is a phenomenon for which the mechanics were developed nearly 90 years ago by George Gamow, Ronald Gurney and Edward Condon. The entire field of semiconductor technology was developed from the understanding of quantum tunneling.
The problems with relying on the bank of mum and dad (The Conversation) Borrowing from parents to buy a home may be convenient but it is not always wise, especially for the parents. Systemic problems may also result.
Asian central banks back in action this week (CNBC) Watch video discussion of inflation in China and investing prospects there. Also covered are China's controversial debt swaps from local governments to the national government.
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