At Issue: The Principle of the Principal


Owing $26,696.48 on his 2002 taxes, Potomac, Md. lawyer Jerome J. Norris worked out a deal with the IRS to pay two installments of $13,348.24. Applying the usual convention of rounding tax payments to the nearest dollar, he made twin payments of $13,348.00. The agency sent him a bill for 48 cents—and for another $439.52 in late-payment penalty and interest. Representing himself, Norris sued. U.S. Tax Court Chief Judge Joel Gerber just ruled for Norris, calling the collection effort “ an abuse of discretion” while noting the parties’ costs “far exceed” the amount disputed.  —J.N. and W.P.B.



He Lost Only Half?


Inundated by spam e-mail hawking various penny stocks, Joshua Cyr, a software developer in Portsmouth, N.H., decided to quantify the quality of the pitches. On paper he bought 1,000 shares of each new stock mentioned in an incoming e-mail. His fledgling Web site, spamstocktracker.com displays the results. Since May Cyr has sifted through more than 1,000 tips, eliminated duplicates and invested a theoretical $17,405 in 37 companies. The latest value of his portfolio: $9,089, a loss of 48%. Cyr writes of a recurring pattern he found: “Almost all of those stocks went up a few cents max, then dropped like flies the next day.” 

                                                                                                      —Scott Woolley


DOUGLASS COLLEGE


The Best of Both Worlds. Douglass College is the only women’s college located on a public research university’s campus. As a close-knit women’s community embraced within Rutgers, The State University of New Jersey, Douglass College offers its students the best of both worlds. Students reap the benefits of a single-sex residential community while also taking advantage of the vast array of opportunities presented in a co-educational academic environment. Come experience the “Douglass Difference” for yourself!


                                                                       Douglass.rutgers.edu/newsweek



Read more Trivia
bar_blbk.jpg - 5566 Bytes


Return to the words of wisdom, Pot Luck index..

Return to the words of wisdom, main index..

Return to the main menu..

D.U.O Project
Church of the Science of God
La Jolla, California 92038-3131

Church of the Science of GOD, 1993
Web Designed by WebDiva