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Money in the News: They did what?

The Inquisitr posts about how Denmark is going to start charging a “fat tax” in order to combat the country’s obesity.

Denmark has imposed a “fat tax” on fatty foods in an effort to convince Danes to eat healthier. The tax is a complex one, in which rates will correspond with the percentage of fat in a product. The value of the tax is about $3.00 for every 2.2 pounds of saturated fat.

CNN posts about how the Alaskan Dispatch wants to spend $77 million on a new hovercraft runway.

By next winter Akutan is scheduled to have a 4,500-foot-long runway, built at a cost of $64 million ($59 million in federal and $5 million state funds), the Dispatch reports. The problem is, the runway is on Akun Island, 6 miles from the village across the treacherous waters of the Bering Sea. Plying those waters can be tricky with seas over 6 feet and winds above 30 mph.

Daily Finance posts about 10 star athletes who lost millions.

A TMZ report last week revealed that former NFL star Chris McAlister has joined the bread line of pro athletes gone broke. McAlister, a three-time Pro Bowl choice with the Baltimore Ravens, is living with his parents, he told a family court judge, because he can’t support himself after just one year out of the league. The hard-hitting, hard-partying cornerback sprinted through a reported $45 million in salary plus $17.5 million in bonuses. He signed a $55 million contract in 2004. Now he’s looking for a way out of paying $11,000 a month in child support.

Daily Finance also posts about the Obama talk at the end of September where a former employee of Google asked for Obama to raise his taxes.

“Thank you, Mr. President,” the man began. “I don’t have a job, but that’s because I’ve been lucky enough to live in Silicon Valley for a while and work for a small startup down the street here, that did quite well. So, I’m unemployed by choice. My question is: Would you please raise my taxes?”

MSN Money posts about the 10 worst credit card mistakes.

Credit card debt is one of the most costly types of debt. In fact, it is one of the main reasons so many people face huge financial problems. If you have a card, you need to be sure that you have a system in place to limit or monitor your spending. You need to know how to budget with your card, and if you don’t do it well, you need to immediately address the ensuing credit card debt problems.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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2 Responses to Money in the News: They did what?

  1. If they tried to implement at fat tax in the US almost all restaurant items here would have to be taxed big time! They add butter to many things to make them taste good. And then there is our addiction to fried foods! I wonder if it would make any difference if restaurants were required to list prominently the amount of fat in an item? Ha!

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