When the U.S. economy was riding high for most of the 20th century, it would have been impossible to imagine a foreign city--especially one in a Communist country--with more of the planet's very richest than New York, home of old-money Wall Street. But that indeed is the case. Today Moscow is the city with the most billionaire residents in the world.
The Russian capital boasts 79 billionaires, a stunning increase of 21 in just one year. That more than edges out No. 2 New York, with 59 billionaires, and No. 3 London with 41. Other cities in the top 15 include such rising stars as Mumbai, Taipei, Sao Paolo and Istanbul. Los Angeles manages a tie for No. 8.
The combined fortunes of Moscow's billionaire population top $375 billion, more privately amassed wealth than in any other city in the world.
Despite New York's relegation to second place, the city remains a favored locale of billionaires, whose collective net worth is $221 billion. The Big Apple boasts some of the most expensive ZIP codes in the U.S., due in part to the real estate prices paid by billionaires in this city. Indeed, many Moscow residents own secondary homes in New York, including fertilizer and coal magnate Andrey Melnichenko, whose wife recently closed on a $12.2 million penthouse apartment. Even the world's richest man, Carlos Slim (home: Mexico City), snatched up a $44 million mansion on Central Park last year.
Cities with the most billionaires – 2011
Starbucks & speculators: Is manipulation of the coffee market a good or bad thing?
Starbucks (NASDAQ: SBUX) has stopped buying coffee? Wha--aat?
Before you panic, girlfriend, let us assure you that no one is here to take away your double-caff, extra hot, no foam, skinny cappuccino.
Recent media reports are saying that the friendly neighbourhood java joint has ceased buying coffee until prices drop. Back in January, Starbucks reported that the high prices were going to cut into the company's profitability, but it wouldn't pass the costs onto North American customers just yet.
Last week, John Culver, president of Starbucks Coffee International was reported as saying, "We do believe, however, that prices are going to fall again. For this year, we have locked our coffee costs but we watch the market closely."
Locking in coffee costs does not mean a coffee lockdown. This does not - we repeat - does not mean that Starbucks won't be buying any more coffee to serve you this year. What it means is that Starbucks has ensured a stable price for their beans, fixing a price with their suppliers for the duration of 2011.
Top 5 Habits of the Happiest Couples
Good Housekeeping blogger Andrea Frazer shares the secrets of happy couples.
1. Reach Out
In the words of an old commercial, "Reach out and touch someone..." But not just anyone. Your spouse! They'll be sure to thank you for it. And while you might not be having sex with the pool man or the cashier in the grocery store (or maybe you are, but that's a different blog post) there's no reason you can't break through that wall we all put up with a friendly, "Thanks. Hey, how is your day going?"
Related: 18 Clues He's Still Crazy About You
2. Make Friends
If you're like me, you'll find that when you let other people into your world, you don't put so much pressure on your spouse to be Mr. Everything.
Related: The Five Girlfriends Every Woman Needs
3. Be Thankful
Yes, it's a bit cliché, but it works. I wrote a poem recently expressing just how thankful I am for the little things Rex does to keep this household running. I have continued writing in my journal also. When I see on paper just how much Rex brings to the table, I'm far less cranky at the way he clicks his fork against his teeth while eating my pesto salad. Or the way he leaves shoes all over the floor just waiting for me to trip and break my neck. Okay, now I'm getting mad. So I'll end it with a "Thank you, Rex, for trusting me to write about us and never once — not once — giving me a hard time about talking about you getting hard...all the time." Moving on.
Five reasons to add healthy watercress to your salad
Hippocrates - who once said "let food be thy medicine" - was known to feed watercress to his patients. With more than 15 essential vitamins and minerals, it is no surprise that the ancient Greeks ensured their soldiers enjoyed watercress before battle. If you compare watercress to other foods by weight, it contains more vitamin C than citrus, more iron than spinach, and more calcium than milk.
Five more reasons to eat watercress
1. Watercress is high in antioxidants: Daily environmental stressors wreak havoc on our cells by causing damage at the most fundamental levels. Watercress helps to prevent this kind of damage to the DNA through its antioxidant protection.
2. Watercress may help prevent cancer: Watercress contains a compound called phenethyl isothiocyanate, which studies have shown could be a powerful preventative agent against esophageal and lung cancers.
Seven ways to wreck a used car sale
If you don't sabotage yourself, it's a great time to be selling your used car.Prices for used cars, as measured by the Manheim Index, a gauge for wholesale used-car values, have been at or near all-time highs since the last quarter of 2010, and consumers are looking to cut costs by buying gently used cars over new ones.
More from Bankrate:
• Tackling a costly car loan
• Smartphone apps for drivers
• 5 DIY car maintenance tipsA 2011 Consumer Reports survey found 65 per cent of respondents said they were more likely to consider a late-model used car than they were a few years ago.
Still, it's possible to bungle your way into a bad price for your used car. Looking at seller advertisements, you'd never know people were trying to sell one of their most valuable possessions. If private auto sellers could win prizes for grainiest photo or most imaginative price, the competition would be fierce.
If you'd rather get top dollar for your car than serve as a punch line for prospective car buyers, take a minute to check out these common, used-car sales mistakes and how you can avoid them.
Sell your car to a dealer
It's hard to beat it for convenience, but selling or trading your car at a dealership is a good way to lose out on $1,000 or more, says Melanie Kovach, senior director of private seller sales for AutoTrader.com, a website that hosts used-car classifieds.
'Charlie's Angels': The Original Cast
If you missed "Charlie's Angels" the first time around in the 1970s, watch out for the reboot on ABC coming next season. With TV series like "Bones" and "The Closer" — or even past dramas like "Alias" — a strong, pretty woman lead is pretty standard fare for TV viewers these days. But cast your mind back to 1976: The TV drama starring three women as detectives was an entirely new concept. The original was produced by none other than Aaron Spelling ("Beverly Hills, 90210"). The Angels were three stunning women detectives with a millionaire, mysterious boss who was heard only on speakerphone and who worked through his assistant, Bosley. The small-screen versions of the original cast made icons of the flip-haired, bell-bottom-jean-wearing women with judo skills who toted handguns, not handbags.
Rebooted 'Pirates' sets overseas box office record (AP)
NEW YORK - The reengineered "Pirates of the Caribbean" sequel "On Stranger Tides" found its smoothest sailing overseas, where it took in a record $256.3 million at the international box office, according to studio estimates Sunday.
That surpasses the previous record foreign opening of the sixth "Harry Potter" film, 2009's "Harry Potter and the Half-Blood Prince," which earned $236 million internationally.
Walt Disney co. said "On Stranger Tides," the fourth "Pirates" installment, earned $90.1 million domestically. Its combined worldwide total is $346.4 million, the fourth largest global opening ever.
The new 3-D film jettisons co-stars Keira Knightley and Orlando Bloom, but brings back Johnny Depp as Capt. Jack Sparrow. "Chicago" director Rob Marshall took the helm from Gore Verbinski, who directed the trilogy. Penelope Cruz and Ian McShane introduce new characters.
It was a risky reboot considering the popularity of the previous "Pirates" films. The last, 2007's "At World's End," opened with $114.7 million.
12 Life Rules You Should Ignore
You hear these so-called pearls of wisdom all the time...but maybe it's time you start completely ignoring this outdated advice!These days, everyone from your best girlfriend to your hairdresser considers herself an expert on something — freely giving you her two cents on how you should handle your love life, career, living style...you name it. They mean well, of course, but the problem is, a lot of that advice is actually not that wise. Sometimes the rules change (in other words, what worked for your mom's generation doesn't cut it for modern women), and other times, the advice was totally off to begin with.
Take these 12 bits of info, for example. We asked experts to tell us why following them will steer you wrong, plus the right spin on each one to help make your life simpler and easier.
1. Never quit a job until you have another.
As long as you can deal with the financial fallout, resigning without a backup plan is no career killer. "If a position doesn't feel right for you and you've tried to work things out with no improvement, you're better off following your instincts and quitting," explains Margot Carmichael Lester, contributing writer for the career Website Monster.com and author of Real Life Guide to Starting Your Career. "Getting yourself out of a dead-end situation will salvage your mental health and kick-start your drive so you can zero in on the kind of job you do want."
12 healthy ingredients to put in your breakfast smoothie
A smoothie can be a great way to start the day if you do it right - stick to whole fruits and vegetables and healthy supplements and ditch anything with added sugar such as fro-yo. If you're looking to mix up your morning blend, here are some suggestions on superfoods to toss in the blender that will amp up the nutritional value and flavour of your smoothies.
Greens: We could all stand to get more green vegetables in our diets, and throwing something leafy into your morning smoothie is a good start. Try adding a handful of kale or spinach to the blender for some extra vitamins and minerals, including healthy polyphenols. You can also use a green-vegetable powder like Greens+ or some liquid greens like Vital Greens.
Tea: Try replacing the water you'd usually include in your smoothie with some cooled tea. Nourishtea makes a great matcha powder - it's made from ground whole green tea plants, and is full of antioxidants. Just add the powder to your smoothie mix. David's Tea's Happy Kombucha blend contains fermented kombucha tea, which has probiotics. And Tealish offers a variety of wellness teas aimed at relieving different ailments.
‘Macho Man’ Randy Savage dies in a car crash
"Macho Man" Randy Savage, a professional wrestler who became a fan favorite thanks to his outlandish outfits and trademark catchphrase, died Friday in a car wreck, as first reported by TMZ.
The 58-year-old Savage -- whose legal name was Randy Mario Poffo -- reportedly suffered a heart attack while driving his 2009 Jeep Wrangler in Tampa, Fla., and careened across lanes of oncoming traffic before colliding head-on with a tree. He died later at a local hospital.
Savage's wife Lynn, who was riding in the passenger seat, escaped with only minor injuries. Both passengers were wearing seatbelts and the police do not believe alcohol was a factor.
Michigan $2 million lottery winner on food stamps
DETROIT (Reuters) - A Michigan Lottery $2 million jackpot winner from last year is eligible and collecting some food stamp assistance under a loophole state officials have been working for months to close.Leroy Fick, who lives near Saginaw, took a lump sum payment for his June 2010 prize, buying a house, a used 2008 Audi and investing the rest, attorney John Wilson said on Wednesday.
The income he receives from investing the remaining money leaves Fick eligible under federal rules for food assistance of "far less than $5,000 for the year," Wilson said.
"There is no asset based testing for it, it is all based on income," Wilson said. "The amount that he has invested of this winnings spins off an amount of income and that income is such that he is eligible."
Michigan has been working with federal officials for two or three months on ways to close the loophole, said Gisgie Davila Gendreau, a state human services department spokeswoman. She was not speaking about Fick's case specifically.
"We are actively seeking a change to the food assistance policy, which is a federal policy, to ensure that those who are truly needy qualify," she said.
Pippa reveals how she maintains her fit figure
Pip, pip hooray! Pippa Middleton has spilled the beans on how she got her perfect figure.
Kate’s sister revealed that weekly Pilates sessions are the secret to her svelte shape, which captivated millions during the Royal Wedding.
The 27-year-old Middleton sister attends classes at a Parson’s Green fitness centre near to her home in West London and hailed the studio as a ‘weekly necessity’.
In a testimonial on the Pilates on the Go website, she praised her trainer, Margot Campbell. Pippa wrote: “As someone who is always 'on the go’, Pilates has been a wonderful escape from my busy lifestyle in London.
Can a pair of $300 jeans boost your ego?
There are four ways to rationalize spending three figures on a pair of jeans.(ThinkStock photos)
1) They'll last forever 2) I'll wear them all the time 3) They make my butt look awesome 4) That's how much jeans cost
But the real reason for the purchase may be totally irrational: it's nursing our bruised ego. According to a new study, we spend more when we feel bad about ourselves. And this is particularly true in the wold of denim.
Related Link: Tips for denim and how to wear it
Two psychology researchers at Cornell tested their self-esteem retail theory on 150 college students. Half were given a low score on a fake IQ test. The other half were given an above average score. Later subjects were asked to consider buying a pair of designer jeans. Those who scored low on the IQ test were willing to spend 30 percent more on jeans than people who got a high score.
"Luxury items are especially effective at reassuring us of our value," deduced the researchers in their published study. They go on to apply the theory to the credit crisis, but lets stay on the topic of jeans.
Scotty McCreery Surprised By Josh Turner At Homecoming Concert
Scotty McCreery Surprised By Josh Turner At Homecoming Concert
Posted Sun May 15, 2011 2:12am PDT by Lyndsey Parker in Reality Rocks
Top 3 "American Idol" finalist Scotty McCreery first made an impression auditioning with, and then repeatedly singing, "Your Man" by Josh Turner, aka the "baby lock them doors and turn them lights down low" song. As Scotty's "Idol" star has soared, his audition song choice has turned out to be the best publicity Josh could ask for. So when Scotty returned to his hometown of Garner, North Carolina, this weekend for his big homecoming event (an "Idol" top 3 tradition), Josh repaid the favor by bumrushing the stage during Scotty's welcome-home concert, giving Scotty the surprise of his life.
5 unusual tactics to help you save more
Savings advice is rife with trite admonishments that just don't get to the root of the problem of spending too much and saving too little. What if the latest diet book advised readers to "just eat less," or a book about how to become a millionaire said only "just earn more"? The problem is how to actually get there, and in many cases this means using a psychological approach to tackle your financial problems. Here we take a look at some unusual tactics to help you save more.
1. Think Gray
According to a study at Stanford University, when young people are shown an image of how they will look in 40-plus years, most reported that they would save twice as much as those who didn't see the image. The increasing length of the average lifespan (not to mention the questions surrounding the future of Social Security) make saving for a retirement a key part of financial planning. But, in order to set and meet long-term financial goals, young savers need to be able to envision the future - and themselves in it. Take a look at your senior family members and try to envision what you will look like when you are in your 60s, 70s and 80s. It might just help give you the push you need to get that retirement savings plan off the ground. After all, if you have to imagine yourself with gray hair, wrinkles and a crooked back, wouldn't it be nice to picture yourself on a beach somewhere, rather than struggling to get by in some drafty apartment? (For more insight, see Delay In Retirement Savings Costs More In The Long Run.)
5 Summer Hair Problems Solved
Summer hair problems solved
As wonderful as the sunshine season is, it can really wreak havoc on our hair—from scalp scorched by the sun’s intense rays to weather-induced frizz. Here are five common hair problems solved, so you can sport healthy, vibrant-looking locks all summer long.
1. Humidity-Induced Frizz
Because hair is porous, the cuticle absorbs moisture—and when summer humidity is at its height, the cuticle swells and expands, causing the hair to spread, twist, and ultimately frizz. Tame your tresses by investing in a hydrating, smoothing shampoo and conditioner. Also, use a silicone-based finishing product to seal in moisture, like Citre Shine’s Anti-Frizz Polishing Serum ($7 at Drugstore.com)—a popular frizz-fighting serum on social shopping site Kaboodle. Finally, refrain from over-styling your hair with blow-dryers, curling irons, or flat-irons, as too much heat damages the cuticle and leads to more frizz.
Six best fat-burning superfoods
People ask me all the time if there is a magic supplement they can take to look younger, shed body fat, boost their energy or improve their skin. In reality, the answer is food. The right food, at the right time and in the right quantities, can have a dramatic affect on your appearance and overall health.
Here are a few superfood suggestions to include in your spring diet - they just might help to slim your waistline in time for summer:
Avocados: Avocados contain glutathione, one of the most potent antioxidants and disease-fighting agents available. Unfortunately, avocados - high in monounsaturated fats - got a bad rap during the past low-fat era. But avoiding avocados will only work to impede your weight loss, depriving you of a source of healthy fats and antioxidants that are good for any complexion.
Studies show that people sustain their nutrition program longer and have greater weight loss when on a diet that contains about 30 percent healthy monounsaturated fat, like those in avocados, rather than a low-fat diet. This is because fats, when eaten in the proper balance with carbohydrates, can help to slow the release of sugars into the blood stream, thereby triggering less insulin release. Insulin is basically the hormone that instructs the body to store energy as fat while preventing the use of stored energy, making it a dieter's nemesis if levels are too high.
Paparazzi debate flares in Britain as tabloids publish photos of Kate Middleton's sister
FILE - A Feb. 25, 2011 photo from files showing Britain's Prince William and Kate …
LONDON - As Prince William and Kate Middleton honeymoon in a secluded spot, the paparazzi who stalk them are back in the spotlight.
There's a brewing legal battle over publication of 5-year-old photographs of bridesmaid Pippa Middleton sunbathing topless, and anger about gruesome photographs of the late Princess Diana in the moments after her 1997 car crash appearing in a documentary about her death.
The publication of the Pippa pictures — showing the 27-year-old on a powerboat with older sister Kate (in a revealing bikini) and William (in a red and white bathing suit) — prompted the Middleton family to file a formal petition to Britain's independent Press Complaints Commission.
That complaint is seen as the first salvo in what is expected to be a conflict between the monarchy and the press as both sides try to establish boundaries in a new royal era defined by William and Middleton, now the Duke and Duchess of Cambridge, and their determination to live a normal life.
CN Tower offers thrill-seekers chance to walk on the edge
TORONTO - As if the view from the top of the CN Tower isn't thrilling enough — people will soon be able to walk around the ledge outside.The famous Toronto landmark is offering a new attraction this summer called EdgeWalk.
Thrill-seekers will be able to walk hands-free along a 1.5-metre-wide ledge around the top of the tower's main pod, 356 metres above the ground.
They'll be wearing safety harnesses attached to an overhead rail and trained guides will lead the adventurous walkers in groups of six to eight.
Those brave enough to walk the walk will be rewarded with some breathtaking open-air views of Toronto and Lake Ontario.
The entire experience will run about 90 minutes, with the walk itself lasting 20 to 30 minutes.
Walkers will have to meet height and weight requirements, and officials say the attraction was designed with the utmost safety and security in mind.
"EdgeWalk is both thrilling and unique and will push visitors to their limits — literally and figuratively," said Mark Laroche, president and CEO of Canada Lands Company, which owns and operates the CN Tower.
Tips on Driving "Fuel-Efficiently"
After a period of relative stability, gas prices are up again. And although several fuel-sipping vehicles - hybrids, diesels, and a soon-to-arrive electric car - have been introduced to the market over the past couple of years, they still account for a very small percentage of vehicles on the road.For many consumers who are driving SUVs, trucks and vans especially, times are getting tough at the pump. Even owners of small cars are feeling the pinch.
More on Autos.ca:
• More Consumer Advice
• Steering You Right
• New and Used Car ReviewsBut let's face it, you can't just walk away from your vehicle, even if it does use more fuel than you'd like. Furthermore, many people simply need a minivan for their family, a pickup truck for their work, or an SUV for its versatility.
Fortunately, there is a way for consumers to fight high gas prices, no matter what kind of vehicle they own. The idea is to maximize your mileage by driving fuel efficiently, and contrary to what you may think, this doesn't mean you have to crawl around at Sunday-drive speeds.
What we mean by "fuel efficient" driving is combining smooth driving techniques with basic vehicle maintenance. It's simple, really: drive close to the speed limit, for example; use a light foot on the accelerator when increasing speed; pace yourself to avoid coming to a full stop at red lights; avoid "jackrabbit" starts, and if possible, plan your daily commute to reduce the frequency of stop signs or lights on your way.
Suburban Chicago house protected by Macaulay Culkin in 'Home Alone' for sale for $2.4 million
WINNETKA, Ill. - The 14-room brick house defended from intruders by a young Macaulay Culkin in the movie "Home Alone" is up for sale in suburban Chicago for $2.4 million.Owners John and Cynthia Abendshien bought the red-brick Gregorian in 1988 for $875,000. They tell the Chicago Tribune that they know it's not the best time to put a high-end home on the market, but that they hope the home's notoriety will help.
The 4,250-square foot house sits on a half-acre lot in suburban Winnetka, about 20 miles north of Chicago. There are four bedrooms and it features the staircase that Culkin sledded down in the 1990 movie written by John Hughes.
Only pre-qualified buyers can make appointments to see the house, and no open houses are planned.
Own Madonna's (Dilapidated) Childhood Home for Just $48,600!
As everyone knows by now, before Madonna stalked the streets of New York's East Village in what would become the official outfit of the 1980s, she lived in suburban Michigan. For at least a few years, she resided with her family at 2036 Oklahoma Avenue in Rochester Hills (the home was built in 1970 and Madonna split in 1977). And now the 2,639 square-foot, four-bedroom home where one of the world's most beloved pop stars lived with her seven siblings can be yours for the seriously low, low price of $48,600. That's the least you'll ever pay to be close to something of Madonna's -- she earned $58 million last year according to Forbes, and her most recent real estate purchase was a $40 million New York townhouse.
The most popular baby names: Welcome back, Jacob. So long, Elvis.
What are the chances your baby will have several friends with the same name once they go to school? It's very likely, particularly if your child is named Isabella, Jacob, or even Maci. But if your little one is named after Elvis, for the first time in more than a half-century, he probably won't encounter another similarly named friend.With its release of the most popular baby names of 2010, the Social Security Administration reveals that names that have topped the list consistently for several years are joined by some new and surprisingly trendy choices, such as reality TV star names. The administration also notes that some names we've been used to finding at the top dropped a few spots last year.
Related Link: 10 Illegal Baby Names
"The chances of meeting a baby named Sophia this year versus last year -- you'll see them everywhere," saysLaura Wattenberg, author of "The Baby Name Wizard: A Magical Method for Finding the Perfect Name for Your Baby".
'Biggest Loser' Season 11 Makeovers
Yes! It's makeover week on "The Biggest Loser" — next to the finale, it's our favorite episode of the season. Season 11 contestants Irene, Austin, Hannah, Jay, and Olivia showed America just how far they've come. Click through this slideshow to revel in their glamorous transformations, thanks to top Hollywood hairstylist Ken Paves and fashion guru Tim Gunn.
5 easy steps to becoming a millionaire
Who wouldn't want to be worth a million dollars? Many of us dream of achieving this goal, more often than not for the sake of the freedom financial stability would bring. So how can we get there? The answers are actually much easier than you might expect. Here are several easy steps to get you into the millionaires' club. (With a little discipline and the help of some powerful savings vehicles, anyone can hit this mark. See How Much To Save To Become A Millionaire.)
1. Only Marry Once
According to "The Millionaire Next Door" by Thomas J. Stanley, Ph.D and William D. Danko, Ph.D, the average millionaire is married with three children. The wives of these millionaires are good budgeters and most often described as even more frugal than their husbands. Interestingly, according to Stanley and Danko's survey, half of these wives do no work outside the home and of those who do, they are most likely teachers.One upside of only marrying once is avoiding the costs of divorce and of subsequent weddings. The cost of a divorce depends on many factors including income, attorney fees, court fees, and the assets a couple has and how they are divided. The average wedding cost in the United States in 2010, according to TheWeddingReport.com, was $24,070.
It's back to normal routine for Prince William, Kate Middleton
Britain's most glamorous royal couple is spending this week on an island — just not the kind of island everyone expected.It's not a private honeymoon retreat in the Caribbean or the Seychelles, but Anglesey, a windswept speck of land just off the coast of northwest Wales where William works as a helicopter rescue pilot at the Royal Air Force Valley base.
And, despite all the conspiracy theories, it's not because of Osama bin Laden's death early Monday in Pakistan. Although there has been heated speculation that the U.S. military operation to find the al-Qaida leader was behind Prince William and Kate Middleton's decision to remain in the U.K. after their wedding Friday, a palace spokesman said the couple had made the decision to stay "weeks ago."
So instead of suntan lotion and lazy dips in an azure-blue sea, it's back to work just days after the couple's picture-perfect wedding captivated much of the world. Middleton, now the Duchess of Cambridge, does the couple's shopping while William trains and works on the base.
5 creative ways to pay your mortgage
As the economic recovery continues, many people are finding it difficult to make ends meet. The mortgage payment is often the largest non-discretionary expense in a family's budget and it can take some creative juggling to ensure that it gets paid every month. Here are five ideas for making your house help to pay for itself.
1. Take in a Renter
If you have an extra room or a portion of your house that you can partition off, renting the space can cover a significant portion of your monthly mortgage payment. Before choosing to rent part of your house, be certain that you are ready for the task of being a landlord and neighbor. Every province and municipality has its own rules and regulations for rental properties. Make sure that your rental space complies with all bylaws and that you understand the legal contract you will enter into with a renter. Also consider the potential disruption that a renter may cause through noise or even just coming or going. Renting out a part of your home is not for everyone, but it is a useful way to help with the mortgage. (For related reading, also check out Can You Make Money Renting Your Property?)2. Rent out Storage Space
Even if you don't want to rent part of your home to people, you can still rent out your extra storage space. There are always people looking for space to store a car, a boat or boxes of household items. If you have an empty garage, you can provide safe, locked storage space for vehicles. A few shelves in the basement can offer space for boxes or for excess inventory for a local company. Before renting out space, check in with your insurance provider as you may not be covered for other people's contents. You may have to take out a special policy rider to cover the rental space.
Multimillion-Dollar Domains
A typical domain name might cost you around $12, but not if you're looking for one that captures a popular industry in cyberspace. From sex to money to shopping, the all-encompassing domain names that are most popular amongst web surfers often come with an astronomical price tag. Here's a run-down of some of the most pricey domain names by category.
Business
Many people have hedged their bets on domain names with a money theme. In 1999, Business.com sold for $7.5 million -- and just eight years later that domain and the business tied to it fetched an astronomical $350 million from RH Donnelley, which this year changed its name to Dex One Corp. In 2009, Insure.com -- now a website that provides quotes for life, car and health insurance -- sold for $16 million, according to Domain Name Journal. And a year prior, Fund.com sold for $10 million. Ka-ching.
Six ways to shelter your savings from tax
Here are six ways to shelter your savings from tax :
1. A Registered Retirement Savings Plan ( RRSP )If you are earning $40,000 or more, you will lower your taxes by $300 to $400 for each $1,000 you put into an RRSP. There's no tax on what you make investing until you take the money out. When you retire and start spending your RRSP savings, you'll pay income tax on the money you take out each year. Since your income tax bracket will likely be lower than it was during your peak earning years, you'll pay less tax on your investment.
2. A Registered Education Savings Plan ( RESP )An RESP account gives you a tax break while you save money for your children's education. Unlike with an RRSP, you can't deduct RESP contributions from your income for tax purposes. But the money you make investing is tax-free as long as it stays in the account.
To help you save, the government gives matching grants, based on your family income. Later, when the child takes payments from the plan to help with education costs, he or she pays tax only on the money you made investing, not on the money you put into the account.
3. A Registered Retirement Income Fund ( RRIF )
If you have an RRSP, you have to close the account by the end of the year you turn 71. If you just withdraw all the funds as cash, though, you'll pay a huge tax bill. What can you do?
You can transfer your RRSP savings into a RRIF. You pay tax only on the money you take out. You must withdraw a minimum amount of cash every year. The money you make investing inside the RRIF continues to grow tax-free.