Cheat Sheet Q&A: 

Topic:  GMOs & GMO free diets


Today’s entry: 


I was listening to your program this morning about the gluten free diet.
Other than Celiac disease a lot of people are gluten free and corn free
because of GMO's.  I wish you would have mentioned that Monsanto has
basically ruined the wheat and corn seed with their own GMO (Genetically
Modified Organism) version.  That is why my wife and I stopped eating
wheat.  And that is why
Europe and Asia
no longer import our grains and

President Obama signed H.R. 933, which contained the Monsanto
Protection Act into law. So now companies are not required to list the GMO content
in their food.  That's why my family is not really only gluten free but GMO free!


Bottom Line:  So if you’re not familiar with what the listener who submitted today’s entry is referring to…  In March of 2013, President Obama signed into law a bill passed by the House and Senate earlier that month known as the "Consolidated and Further Continuing Appropriations Act, 2013" to provide funding for various federal agencies through the end of the 2013 fiscal year. One of the provisions included in that bill was the "Farmer Assurance Provision" aka the "‘Monsanto Protection Act”. It prevents petitions to the court system to force farmers to abandon or destroy genetically modified (GMO) or genetically engineered (GE) crops that have already received USDA approval.


Now if that law was a concern for you here’s what you’ll be happy to know.  The provision thwarting court challenges on GMOs expired along with the rest of the funding in December of last year.  So we’re back to where we were previously.  Given the success of many consumers putting pressure on a number of food companies to disclose and/or eliminate GMOs, I think you’ll continue to see better disclosure even without court challenges as companies compete for your business.


If you have a topic or question you’d like me to address email me:

Audio Report:




Top states for job growth in 2014 (yes Florida is near the top):


Bottom Line:  Many states are vying for the title of the best state for job growth.  Especially in an election year with many Governors that are up for potential re-election.  How do states compare in job growth?  Let’s start at the top.  According to Kiplinger:


  • #1 North Dakota:  3.3% yoy growth
  • #2 Texas & Arizona:  2.6% growth
  • #4 Utah:  2.5% growth
  • #5 Colorado:  2.4% growth
  • #6 Idaho & Florida:  2.3% growth

We’re on pace to add just over 200K new jobs in Florida this year and if you go back to the depths of the Great Recession to today, Florida sports the 2nd best overall growth rate and total number of jobs added by any state (only to Texas).  You’ll also notice that aside from Colorado, all states are led by conservative Governors that have been aggressive in attracting new business to their states.  Colorado may have their marijuana story that helps explain their inclusion in the top 5 so far this year. 


Audio Report:




How much not negotiating your salary will cost you over the course of a career:

Bottom Line:  Business Insider recently studied Millennials entering the workplace and found that very few actually negotiate their salary: .  Highlights included:


  • Only 18% that will negotiate their salaries
  • The cost over the course of the average estimated career earnings will be… about $500,000!

 Pretty dramatic right?  The common thread is that the young job seekers aren’t informed or confident enough to negotiate.  With today’s tough job market for Millennials it’s somewhat understandable that they’d happy just to be getting the job but that doesn’t mean they shouldn’t be informed and confident.  There are a number of websites (some free, some with free and paid info) that you can use to identify what the average salary is, right down to our local area, for the position they’re being hired to occupy.  You can compare what you bring to the table compared to the average person in that like position.  By being informed you’ll know what to ask for and how to negotiate. 


It’s worth noting that the $500k lost due to a lack of negotiation upfront is just the gross salary loss.  That doesn’t account for the time compounding factor of being able to save and invest that money.  The number would actually be well over $1 million if you factor that into the equation. 


Audio Report:





What grade would you give your boss?  We have the results...:

Bottom Line: recently studied employees in the workplace.  The question was a very straightforward one.  What grade (A-F) would you apply to your boss?  They results may surprise you. 

Despite our tendency to go off about our boss when we’re frustrated…  We generally rate our boss as being pretty good overall.  Here is the breakdown:

·         A: 24 percent

·         B: 39 percent

·         C: 23 percent

·         D: 9 percent

·         F: 5 percent

Not too bad right?  Unless your boss really is part of the 14%.  This is also instructive that way as well.  If your boss really is a D or an F, that might indicate that indeed the grass may be greener elsewhere and its time for a change because generally that’s not the case. 

Audio Report:

What you need to know regarding existing home sales & the housing market:

Bottom Line:  Almost without fail the media almost always seems to report the inverse of what the actual data suggests.  Such was the case with yesterday’s existing home sales report from the National Association of Realtors.  It was spun to suggest that sales increased and produced one of the strongest gains in years.  That’s because they were reporting month over month results.  I may sound like a broken record (unfortunately it’s needed) but the relevant numbers aren’t sequential in any seasonal industry.  It’s the year over year comps that matter.  So what happened with existing home sales year over year in May?:

·         Sales declined 5%

·         Prices increased 5.1%

So this tells a much different story.  The housing recovery is continuing to slow significantly.  Price increases are still occurring which makes these numbers acceptable but I’m watching these numbers carefully because if sales and prices were to decrease year over year I’d be worried about the economy generally as the housing recovery has been a significant part of the economic growth over the previous two years. 

Audio Report: