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mozell2660200017-blog · 5 years

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Black Coffee: Separating the Sheep from the Goats

It's time to sit back, relax and enjoy a little joe …

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance.

Let's get right to it this week …

Money is stored labor. Labor is part of human life. To devalue money is to debase life.

- John Kenneth Galbraith

Divorce is the one human tragedy that reduces everything to cash.

- Rita Mae Brown

If wisdom were measured by the size of the beard, the goat would be a philosopher.

- Danish proverb

Credits and Debits

Debit: Amazon CEO and founder, Jeff Bezos, announced he and his wife are divorcing after 25 years of marriage. Barring the presence of a prenup, Bezos' net worth is set to drop by half - that would see him lose the “world's richest man” crown to Bill Gates, forcing him to settle for being “only” the world's fifth-richest. His wife, however, would become the world's richest woman.

Credit: On a related note, last week Amazon overtook Apple and Microsoft to become the world's largest company. Unfortunately for Mr. Bezos, while Amazon now sells more stuff than ever, they still haven't penetrated the quicky-divorce market. Yet.

Debit: Looking at the other end of the socioeconomic divide, a new study has determined that 4 in 5 American workers are living from paycheck to paycheck. Yes, yes … I know exactly what you're thinking:

youtube

Debit: But seriously, how can so many working people be living from paycheck to paycheck in a “booming” economy? For the answer, look no further than our corrupt, debt-based fiat monetary system; American living standards have been steadily dropping ever since the US dollar's anchor to gold was broken in 1971. And things will only continue to get worse while the current monetary system remains in place.

Debit: By the way, those American workers who are barely making ends meet will be dismayed to learn that JP Morgan is now pegging the odds of a recession at 60% within the next year. What makes this notable is two months ago the very same JP Morgan forecast a 60% chance of recession … two years from now. Did I mention that unemployment more than doubled during the last recession in 2009? It did.

Debit: Indeed, the crashing oil, banking and utility sectors, coupled with slumping home and auto sales, are now at levels not seen since 2008. Of course, this suggests the global economy is headed for a severe recession, which explains the recent rotation into US Treasury bonds - and the resulting decline in interest rates. That makes perfect sense, especially with global confidence in the dollar stronger than ever. Oh, wait …

Credit: Hedge fund manager Harris Kupperman warns that, “When the (stock) bubble unwinds, it will be fast and vicious as there is no natural buyer for a money losing business that's run out of capital. It took half a decade to create the Internet bubble, yet it all vaporized in a few months; this bubble will collapse at a similar rate.” That's bad news for companies like Uber, Tesla, and Twitter. Probably Amazon too.

Debit: Falling stock prices are bad news for pensions too. Thanks to the Fed's decade-long low interest rate policy, the only hope pension managers had of meeting 8% return goals was by stretching into high-risk assets, which are now imploding. The US pension funding shortfall - public and private - is now $6.2 trillion. If the last two cycles are any indication, the next market downturn could see that triple. Yikes.

Debit: With the stakes so high, it's no wonder Fed chairman Jay Powell announced last week that rate hikes are off until further notice and that he's even looking at scaling back the Fed's liquidity-draining quantitative tightening program. Since then, stocks have been rallying. Hard. As macroeconomist Jim Rickards notes, “If you need proof that today's rigged markets still require Fed support, there it is.” Uh huh. Speaking of unwelcome support …

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Credit: Meanwhile, Fitch is threatening to cut the United States' AAA credit rating. According to Fitch's global head of sovereign ratings, James McCormack, “There is a meaningful fiscal deterioration going on. If this shutdown continues … we may need to start thinking about whether that is consistent with AAA.” Psst. Hey, Mr. McCormack … that “fiscal deterioration” has officially been in hyperdrive for a decade now.

Credit: So, with the US economy now completely dependent on the Fed's printing press, it's no wonder that the world's largest hedge fund manager, Ray Dalio, all but admitted last week that the US dollar's time as the global reserve currency is coming to an end. No, he didn't say when. Frankly, I don't think he'll have to wait too long.

By the Numbers

Here's a summary of investment returns by asset class in 2018:

0.0% US Treasury Bonds

-1.5% Gold

-4.4% S&P 500

-4.4% Nasdaq

-6.0% Dow

-8.6% Silver

-11.0% Russell 2000

The Question of the Week

Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.

Last Week's Poll Result

What is the brand of your mobile phone?

Apple (42%)

Something else. (33%)

Samsung (20%)

I don't own a mobile phone. (5%)

More than 1400 people responded to last week's question and it turns out that, when it comes to mobile phones, slightly more than twice as many Len Penzo dot Com readers own Apple as Samsung. Another third own a different brand, while 1 in 20 say they don't have a mobile phone. I've got an Apple, but I didn't pay for it - my employer did!

Useless News: The Forbidden Island

A Frenchman, an Englishman, and a New Yorker launched an expedition and discovered an uncharted island.

Unfortunately, the island was home to a tribe of cannibals. Soon enough the three men were ambushed and overrun. They were then tied up and taken to see the tribe's chief.

“You were forbidden from setting foot on this island!” the chief said. “We're going to eat you and use your skins to build a canoe. However, we're not without compassion - we'll let you choose how you're going to die.”

The Englishman said, “Give me a gun.” So the cannibal chief handed him a gun. The Englishman then raised the gun to his head and yelled, “God save the Queen!” before blowing his brains out.

The Frenchman and the New Yorker watched as the cannibals proceeded to skin the dead Englishman.

Inspired by the Englishman's bravery, the Frenchman then said, “Give me a sword.” So his wish was granted and he yelled “Viva la France!” before impaling himself.

The cannibals then skinned the Frenchman.

Finally, it was the New Yorker's turn. “Gimme a fork!” he demanded. The cannibal chief complied, and the New Yorker then jabbed himself over and over with the fork until he was covered with thousands of blood-oozing holes.

Puzzled at the spectacle he just witnessed, the cannibal chief asked the New Yorker, “So … any last words?”

“Yeah,” said the New Yorker. “There goes your God damn canoe!”

(h/t: resistedliving via Zero Hedge)

Other Useless News

Here are the top - and bottom - five states in terms of the average number of pages viewed per visit here at Len Penzo dot Com over the past 30 days:

1. New Mexico (3.13 pages/visit) !! 2. West Virginia (2.65) ! 3. Alaska (2.18) 4. Idaho (2.11) 5. Arkansas (1.86)

46. Hawaii (1.23) 47. Oklahoma (1.20) 48. Vermont (1.19) 49. Mississippi (1.14) 50. Wyoming (1.04)

Whether you happen to enjoy what you're reading (like my friends in New Mexico) - or not (ahem, Wyoming …) - please don't forget to:

1. Click on that Like button in the sidebar to your right and become a fan of Len Penzo dot Com on Facebook!

2. Make sure you follow me on Twitter!

3. Subscribe via email too!

And last, but not least …

4. Consider becoming a Len Penzo dot Com Insider! Thank you.

Letters, I Get Letters

Every week I feature the most interesting question or comment - assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it's interesting or not! You can reach out to me at: [email protected]

From Terri, who left an urgent request in my inbox this week:

Pick me! Pick me! Pick me! PICK ME!

Okay, Terri … I'm picking you! But if this ends up being the highlight of your week, then we really need to talk.

If you enjoyed this, please forward it to your friends and family. I'm Len Penzo and I approved this message.

Photo Credit: brendan-c

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wetrumpfeed · 5 years

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Afternoon MAGAthread: YOUR WEEKLY PRESIDENTIAL RECAP!

HAPPY SATURDAY SUPER ELITES!

This is u/Ivaginaryfriend here and I'm back at it again with your weekly recap of the past week. If you happened to miss any past recaps you can catch those here!

Sunday, April 28th:

🔥🔥TRUMP TWEETS🔥🔥:

Will be interviewed by @MariaBartiromo on @FoxNews at 10:00 AM. Talking about the Southern Border and how the Dems MUST act fast to change our pathetic immigration laws. Will be tough, watch!

SIGNIFICANT TWEETS AND NEWS:

Ms Scotland contestants spark fake twitter outrage over being Scottish

BREAKING: Sri Lanka bans burqa after investigation reveals a large number of Muslim women involved in Easter Sunday terror bombings that killed and injured hundreds of Christians

“America is an English-speaking country and you need to learn English.” - a proud legal immigrant and total boss.

Not everyone that had a TV career is a deranged leftist - Pat Sajak, Wheel of Fortune host, lifelong republican conservative

Top Chicago prosecutor Kim Foxx subpoenaed over Jussie Smollett case

🐸 TOP SPICE OF THE DAY 🐸:

SUNDAY GUNDAY: Legal immigrants exercising their 2nd amendment rights to protect their stores during the 1992 L.A. riots.

The side of women’s empowerment feminists don’t want you to see

Sunday Gunday NRA Convention edition: fun for the whole family!

dRuMpF's BaSe Is AbAnDoNiNg HiM!

Monday, April 29th:

TODAY'S ACTION:

Nominations Sent to the Senate

Presidential Memorandum on Additional Measures to Enhance Border Security and Restore Integrity to Our Immigration System

Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012

President Donald J. Trump Announces Intent to Nominate and Appoint Personnel to Key Administration Posts

President Trump Speaks to the NRA Convention

First Lady Melania Trump Welcomes Mrs. Abe to Washington D.C.

President Trump Welcomes the 2019 NCAA Women’s Basketball National Champions to the White House

🔥🔥TRUMP TWEETS🔥🔥:

I spoke at length yesterday to Rabbi Yisroel Goldstein, Chabad of Poway, where I extended my warmest condolences to him and all affected by the shooting in California. What a great guy. He had a least one finger blown off, and all he wanted to do is help others. Very special!

The NRA is under siege by Cuomo and the New York State A.G., who are illegally using the State’s legal apparatus to take down and destroy this very important organization, & others. It must get its act together quickly, stop the internal fighting, & get back to GREATNESS - FAST! ... ....People are fleeing New York State because of high taxes and yes, even oppression of sorts. They didn’t even put up a fight against SALT - could have won. So much litigation. The NRA should leave and fight from the outside of this very difficult to deal with (unfair) State!

I’ll never get the support of Dues Crazy union leadership, those people who rip-off their membership with ridiculously high dues, medical and other expenses while being paid a fortune. But the members love Trump. They look at our record economy, tax & reg cuts, military etc. WIN!

The Media (Fake News) is pushing Sleepy Joe hard. Funny, I’m only here because of Biden & Obama. They didn’t do the job and now you have Trump, who is getting it done - big time!

Sleepy Joe Biden is having his first rally in the Great State of Pennsylvania. He obviously doesn’t know that Pennsylvania is having one of the best economic years in its history, with lowest unemployment EVER, a now thriving Steel Industry (that was dead) & great future!........

The Dues Sucking firefighters leadership will always support Democrats, even though the membership wants me. Some things never change!

Bob Mueller was a great HERO to the Radical Left Democrats. Now that the Mueller Report is finished, with a finding of NO COLLUSION & NO OBSTRUCTION (based on a review of Report by our highly respected A.G.), the Dems are going around saying, “Bob who, sorry, don’t know the man.”

The New York Times has apologized for the terrible Anti-Semitic Cartoon, but they haven’t apologized to me for this or all of the Fake and Corrupt news they print on a daily basis. They have reached the lowest level of “journalism,” and certainly a low point in @nytimes history!

(Retweeting Baylor Lady Bears) Thank you to @realDonaldTrump and the @WhiteHouse staff for a great experience for the Lady Bears! #SicEm

Pittsburgh jobless rate hits lowest point since the early 1970s (maybe even better than that) and Sleepy Joe just had his first rally there. Fact is, every economic aspect of our Country is the best it has ever been!

The Coyotes and Drug Cartels are in total control of the Mexico side of the Southern Border. They have labs nearby where they make drugs to sell into the U.S. Mexico, one of the most dangerous country’s in the world, must eradicate this problem now. Also, stop the MARCH to U.S.

If the Democrats don’t give us the votes to change our weak, ineffective and dangerous Immigration Laws, we must fight hard for these votes in the 2020 Election!

SIGNIFICANT TWEETS AND NEWS:

Muslim convert arrested for plotting LA terror attack on Jews, Christians, military, and police

Why isn't this one of the top stories on every network?

In 1988 Joe Biden had to apologize and drop out of the Presidential race for plagiarism and for fabricating his academic record. He lied about graduated top of his class when he graduated 76 out of 85.Say it ani't so Creepy Sleepy Joe.

Deputy AG Rod Rosenstein submits resignation | Fox News

Presidential nominee Donald Trump on Stephen Colbert and Colbert Loved Trump and Loved the Wall... Deleted from CBS site and youtube!

🐸 TOP SPICE OF THE DAY 🐸:

OMG.......It's gonna be like 2016 ALL OVER AGAIN!! Biden struggles to fill small auditorium in Pittsburgh for his campaign kickoff!!

Who's the racist?

This legend

[CURRENT YEAR] Child Abusers Be Like

CONTINUING THE TRADITION: Enjoy, Baylor Lady Bears Basketball Team!

Tuesday, April 30th:

TODAY'S ACTION:

Presidential Proclamation on Asian American and Pacific Islander Heritage Month, 2019

Presidential Proclamation on Jewish American Heritage Month, 2019

Proclamation on National Foster Care Month, 2019

Presidential Memorandum on Delegation of Authority under Section 5 of the United States-Caribbean Strategic Engagement Act of 2016

Nomination Sent to the Senate

Presidential Proclamation on National Physical Fitness and Sports Month, 2019

Presidential Proclamation on Law Day, U.S.A., 2019

Presidential Proclamation on Older Americans Month, 2019

Presidential Proclamation on National Day of Prayer, 2019

Presidential Proclamation for Loyalty Day, 2019

President Trump Welcomes the Prime Minister of Japan Shinzo Abe

President Trump Participates in the Visit of the 2018 NASCAR Cup Series Champion: Joey Logano

🔥🔥TRUMP TWEETS🔥🔥:

We have 1,800 ISIS Prisoners taken hostage in our final battles to destroy 100% of the Caliphate in Syria. Decisions are now being made as to what to do with these dangerous prisoners.... ... ....European countries are not helping at all, even though this was very much done for their benefit. They are refusing to take back prisoners from their specific countries. Not good!

China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go... ... ....up like a rocket if we did some lowering of rates, like one point, and some quantitative easing. Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records &, at the same time, make our National Debt start to look small!

I am monitoring the situation in Venezuela very closely. The United States stands with the People of Venezuela and their Freedom!

CONGRATULATIONS to the 2018 @NASCAR Cup Series Champion, @JoeyLogano!

If Cuban Troops and Militia do not immediately CEASE military and other operations for the purpose of causing death and destruction to the Constitution of Venezuela, a full and complete.... ... ....embargo, together with highest-level sanctions, will be placed on the island of Cuba. Hopefully, all Cuban soldiers will promptly and peacefully return to their island!

Today, it was my great honor to welcome and host the 2018 @NASCAR Cup Series Champion, @JoeyLogano and @Team_Penske to the @WhiteHouse!

SIGNIFICANT TWEETS AND NEWS:

Ohhh how outraged the liberals got when Terry Crews wouldn't get on the anti-Trump bandwagon

Poll: 3-in-4 Americans Oppose Allowing Felons to Vote from Prison

CNN’s Chris Cuomo says Antifa is “a good cause”

FBI Report: Antifa Wanted To Stage An 'Armed Rebellion' At The Border

Another Democrat Gets Arrested. NJ mayor arrested on election tampering charges.

BREAKING NEWS: Pro Maduro forces run over protesters in Caracas, Venezuela with military tanks.

🐸 TOP SPICE OF THE DAY 🐸:

MSNBC reporter Kerry Sanders accidentally makes a strong case for the Second Amendment while talking about Venezuela: “In Venezuela, gun ownership is not something that is open to everybody. So if the military have the guns, they have the power.”

What do we want?;

A clear and present danger.

White Men stop scaring Muslim Women please

Wednesday, May 1st:

TODAY'S ACTION:

Presidential Proclamation on National Mental Health Awareness Month, 2019

President Donald J. Trump Announces Intent to Nominate Individuals to Key Administration Posts

President Trump Welcomes 2018 NASCAR Cup Series Champion Joey Logano to the White House

President Trump and The First Lady Participate in a Dinner for the National Day of Prayer

🔥🔥TRUMP TWEETS🔥🔥:

I’ve done more for Firefighters than this dues sucking union will ever do, and I get paid ZERO!

“The Democrats can’t come to grips with the fact that there was No Collusion, there was No Conspiracy, there was No Obstruction. What we should be focused on is what’s been going on in our government, at the highest levels of the FBI....” Senator Josh Hawley

I am overriding the Decommission Order of the magnificent aircraft carrier Harry S. Truman, built in 1998 (fairly new), and considered one of the largest and finest in the world. It will be updated at a fraction of the cost of a new one (which also are being built)!

Gallup Poll: 56% of Americans rate their financial situation as excellent or good. This is the highest number since 2002, and up 10 points since 2016.

“No President in history has endured such vicious personal attacks by political opponents. Still, the President’s record is unparalleled.” @LouDobbs

Congress must change the Immigration Laws now, Dems won’t act. Wall is being built - 400 miles by end of next year. Mexico must stop the march to Border! @foxandfriends

Why didn’t President Obama do something about Russia in September (before November Election) when told by the FBI? He did NOTHING, and had no intention of doing anything!

NO COLLUSION, NO OBSTRUCTION. Besides, how can you have Obstruction when not only was there No Collusion (by Trump), but the bad actions were done by the “other” side? The greatest con-job in the history of American Politics!

A Real Attorney General

I am continuing to monitor the situation in Venezuela very closely. The United States stands with the People of Venezuela and their Freedom!

The Collusion Delusion is OVER!

"The Mueller Witch Hunt is completely OVER!" @SeanHannity

SIGNIFICANT TWEETS AND NEWS:

Watch Party: Attorney General William Barr Testifies on Mueller Report Before Senate Judiciary Committee

Suddenly I'm in the mood for Sushi :-)

Nick Sandmann, Covington Catholic teen, sues NBC for $275 million

President Trump's official YouTube channel just uploaded this video entitled "Obama knew"

US to give migrants DNA tests to prove family ties

Barr and Ted Cruz laugh at Democrats absurd grandstanding

🐸 TOP SPICE OF THE DAY 🐸:

LOL

We’re reaching peak levels of Leftism here

🗣🇺🇸Crispy The F*ck On 🗣🇺🇸

#metooth

My dad went to the capital today and sent me this!

Thursday, May 2nd:

TODAY'S ACTION:

Executive Order on America’s Cybersecurity Workforce

Vice President Pence and The Second Lady Participate in the National Day of Prayer Service

Seven Nominations Sent to the Senate

President Trump and The First Lady Participate in the National Day of Prayer Service

🔥🔥TRUMP TWEETS🔥🔥:

Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts.... ... ....and deregulation which have produced non-inflationary prosperity for all Americans. I’ve asked Steve to work with me toward future economic growth in our Country.

As we unite on this day of prayer, we renew our resolve to protect communities of faith – and ensure that ALL of our people can live, pray and worship IN PEACE. #NationalDayOfPrayer

On this day of prayer, we once again place our hopes in the hands of our Creator. We give thanks for this wondrous land of liberty, & we pray that THIS nation – OUR home – these United States – will forever be strengthened by the Goodness and the Grace & the eternal GLORY OF GOD!

Congrats to @U_S_Steel for investing $1+ BILLION in America's most INNOVATIVE steel mill. 232 Tariffs make Pennsylvania and USA more prosperous/secure by bringing Steel and Aluminum industries BACK. Tariffs are working. Pittsburgh is again The Steel City. USA Economy is BOOMING!

Proclamation on Days of Remembrance of Victims of the Holocaust

Thank you, working hard! #MAGA

OK, so after two years of hard work and each party trying their best to make the other party look as bad as possible, it’s time to get back to business. The Mueller Report strongly stated that there was No Collusion with Russia (of course) and, in fact, they were rebuffed..... ... ...at every turn in attempts to gain access. But now Republicans and Democrats must come together for the good of the American people. No more costly & time consuming investigations. Lets do Immigration (Border), Infrastructure, much lower drug prices & much more - and do it now!

SIGNIFICANT TWEETS AND NEWS:

Chairman Pao, largely irrelevant & disgraced former CEO, reminds us why she resigned

Grope for the vote Joe is moss growing on a rock with no accomplishments.

Barr exposed the rampant desperation of Trump’s foes

Ukrainian embassy confirms DNC contractor solicited Trump dirt in 2016

🐸 TOP SPICE OF THE DAY 🐸:

The never ending story over there

NO PLATFORM FOR YOU!

Ah, so it's been China all along. Hillary giving China access to her server and special access programs. A dozen US spies ratted out and killed by China. Feinstein employing a Chinese spy for the better part of 20 years. Biden securing large funding for his son from China. What more will surface?

Liberal Logic is a disease

KEK

Friday, May 3rd:

TODAY'S ACTION:

President Donald J. Trump Announces Intent to Nominate Personnel to a Key Administration Post

President Donald J. Trump Announces Judicial Nominees, United States Attorney Nominee, and United States Marshal Nominees

Missing and Murdered American Indians and Alaska Natives Awareness Day, 2019

National Hurricane Preparedness Week, 2019

National Small Business Week, 2019

Proclamation on Public Service Recognition Week, 2019

President Trump Meets with the Prime Minister of the Slovak Republic

🔥🔥TRUMP TWEETS🔥🔥:

(Retweeting The White House) Happy National Space Day! 🚀 America is the best in space, and President @realDonaldTrump is making sure no other country can compete with our leadership. http://45.wh.gov/4fMkEu

Finally, Mainstream Media is getting involved - too “hot” to avoid. Pulitzer Prize anyone? The New York Times, on front page (finally), “Details effort to spy on Trump Campaign.” @foxandfriends This is bigger than WATERGATE, but the reverse!

JOBS, JOBS, JOBS! “Jobs surge in April, unemployment rate falls to the lowest since 1969”

“The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969”

We can all agree that AMERICA is now #1. We are the ENVY of the WORLD — and the best is yet to come!

Had a long and very good conversation with President Putin of Russia. As I have always said, long before the Witch Hunt started, getting along with Russia, China, and everyone is a good thing, not a bad thing.... ... ....We discussed Trade, Venezuela, Ukraine, North Korea, Nuclear Arms Control and even the “Russian Hoax.” Very productive talk!

Fred Keller of the Great State of Pennsylvania has been an outstanding State Rep. Now he is running as the Republican Nominee for Congress, and has my Complete and Total Endorsement. Strong on Crime, Second Amendment, Military, Vets, and Healthcare. He will do a fantastic job!

(Retweeting The White House) President Trump welcomed Prime Minister Peter Pellegrini of the Slovak Republic for his first visit in the Oval Office today!

The International Association of Firefighters Union is rebelling on their very foolish leader. Perhaps they will vote him out of office. He doesn’t get it!

I am continuing to monitor the censorship of AMERICAN CITIZENS on social media platforms. This is the United States of America — and we have what’s known as FREEDOM OF SPEECH! We are monitoring and watching, closely!!

The wonderful Diamond and Silk have been treated so horribly by Facebook. They work so hard and what has been done to them is very sad - and we’re looking into. It’s getting worse and worse for Conservatives on social media!

So surprised to see Conservative thinkers like James Woods banned from Twitter, and Paul Watson banned from Facebook!

As the great people of IA, IL, & MO continue to confront the devastating flooding, know we are here for you and ready to help! My team remains in close contact with @IAGovernor, @GovParsonMO, @GovPritzker, and the local officials managing the impacts of the destructive flooding.

“They wanted to know what Trump was up to with the Russians - which of course is nonsense. This whole thing was a complete setup.” George Papadopoulos to @seanhannity

SIGNIFICANT TWEETS AND NEWS:

I’m sorry but was the HATE CRIME on the MAGA HAT ASIANS that happened like 2 DAYS AGO just not important enough to get any coverage? WHERE THE FUCK IS THE MEDIA???

joebiden.info is outpacing the official Joe Biden website!

Surrounded by secret service agents, with a huge grin on his face. The left is completely fucked. Hand cuffs and perp walks are coming!

Jobs surge in April, unemployment rate falls to the lowest since 1969

BREAKING: 82 arrested in multistate child exploitation sting

🐸 TOP SPICE OF THE DAY 🐸:

I made it, pedes! GEOTUS just gained one more voter to Keep America Great!

Republicans dont care about the environment. Oh, wait...

Christine Blasey Ford back to take out Barr

Barr will EAT your Chicken! BenGarrison Cartoon

Service guarantees citizenship. Would you like to know more?

Saturday, May 4th:

🔥🔥TRUMP TWEETS🔥🔥:

There is nothing easy about a USA Infrastructure Plan, especially when our great Country has spent an astounding 7 trillion dollars in the Middle East over the last 19 years, but I am looking hard at a bipartisan plan of 1 to 2 trillion dollars. Badly needed!

When will the Radical Left Wing Media apologize to me for knowingly getting the Russia Collusion Delusion story so wrong? The real story is about to happen! Why is @nytimes, @washingtonpost, @CNN, @MSNBC allowed to be on Twitter & Facebook. Much of what they do is FAKE NEWS!

So great to watch this!

Anything in this very interesting world is possible, but I believe that Kim Jong Un fully realizes the great economic potential of North Korea, & will do nothing to interfere or end it. He also knows that I am with him & does not want to break his promise to me. Deal will happen!

Very good call yesterday with President Putin of Russia. Tremendous potential for a good/great relationship with Russia, despite what you read and see in the Fake News Media. Look how they have misled you on “Russia Collusion.” The World can be a better and safer place. Nice!

(Retweeting The White House) We're killing it on the economy! 🔥

SIGNIFICANT TWEETS AND NEWS:

Justice Kavanaugh is Still Triggering the Left: Kavanaugh to co-teach GMU summer class at Antonin Scalia Law School, snowflakes protest, but class will be taught in Runnymede, England. So students (& profs) will be traumatized by the presence of an individual teaching at a campus 3,600 miles away?

Shouldn't the new chant this time around be "Lock him up!" (And his entire admin including her obv)

Anyone remember this young patriot cleaning up the protest signs and trash left behind by the women's march?

🐸 TOP SPICE OF THE DAY 🐸:

The House Lynching Committee

Remember when Obama made fun of Trump's 'magic wand' to fix the economy? To Obama's shock & dismay, Trump is president. For the past 2½ years, Trump has been waving his magic wand, banishing burdensome regulations; lowering taxes; appointing savvy people to top government posts; & yes, negotiating.

The right CAN meme

Teach us, O brave and wise actors

SO MUCH WINNING, STILL NOT TIRED OF IT!!

Without further ado, sometunes to get you jamming through all this WINNING:

Favorite Color Is Blue

Family Business

Move On

Lift Yourself

Save My Soul

MAGA ON PATRIOTS!

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0 notes

michaeljtraylor · 5 years

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The GOP’s tax refund nightmare

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

The GOP’s tax refund nightmare — It might not be fair given most people got a net tax cut. But the reality is that shrinking tax refunds are becoming a big headache for the GOP whose tax bill was already unpopular. Take just a few local headlines from recent days across the country:

Story Continued Below

Spokane Spokesman Review: “Your federal tax refund only a pittance? You’re not alone. Here’s why.” … Charleston Post and Courier: “Yes, you may get a smaller federal income tax refund, or have a tax bill to pay” … Detroit Free Press: “Smaller tax refunds mean some won’t catch up on bills” … News Center Maine: “Tax refunds tank travel plans for some” … The Lima (Ohio) News: “Smaller refunds surprise early tax filers”

WALL STREET AND 2020 DEMS — One of Wall Street’s biggest nightmare candidates, Sen. Bernie Sanders (I-Vt.), officially jumped in the Democratic race on Monday and immediately shot to the top tier, second in many polls to Joe Biden. Sanders will base his campaign in part on his plan to break up the nation’s largest banks including J.P. Morgan Chase, Goldman Sachs, Bank of America, Citigroup, Wells Fargo and Morgan Stanley.

WHAT ABOUT SHERROD? — As we’ve reported, Wall Street would strongly prefer Biden or perhaps Kamala Harris, Cory Booker, Amy Klobuchar or Beto O’Rourke. But our Zachary Warmbrodt and Daniel Strauss report this morning that bankers may also be okay with Sen. Sherrod Brown (D-Ohio), who is “viewed by many in the industry as a reasonable alternative.”

GOOD WEDNEDAY MORNING — Hope DC survives the … 3 inches of snow? Email me on [email protected] and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on [email protected] and follow her on @AubreeEWeaver.

THIS MORNING ON POLITICO PRO FINANCIAL SERVICES — Patrick Temple-West on the SEC’s proposed rule that would offer help for big startups seeking IPOs. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or [email protected].

The U.S. and China resume lower level trade talks in DC ahead of higher-level meetings starting Thursday aimed at getting to a point where Trump can extend the March 1 deadline for a deal … President Trump hosts Austrian Chancellor Sebastian Kurz at the White House … FOMC minutes at 2:00 p.m.

TRUMP TALKS DOWN MARCH 1 DEADLINE — As we’ve been reporting for a while, Trump appears inclined to keep the China talks going and not ratchet up tariffs on March 2. Here’s what he told reporters on Tuesday: “The real question will be: will we raise the tariffs? I know that China would like not for that to happen. So I think they are trying to move fast so that doesn’t happen. But we’ll see what happens. I can’t tell you exactly about timing, but the date is not a magical date. A lot of things can happen.”

This may make it harder for USTR Robert Lighthizer to use the deadline as leverage. But it’s a pretty clear window into Trump’s thinking.

The 2020 Election. The New Congress. The Mueller Investigation … Keep up with POLITICO Playbook. Be in the Know. Sign up today here.

MORE ON BROWN from Zach and Daniel: “The Ohio senator has called for breaking up the big banks and has even fought against Democratic colleagues who supported financial deregulation. But according to bank representatives, Wall Street watchdogs and others who have worked closely with him in Congress, Brown has also earned a reputation as someone open to dialogue with the industry in his role as the top Democrat on the Senate Banking Committee.”

BERNIE GETS IN — Our Holly Otterbein: “[N]early four years after he kicked off his 2016 campaign at a 10-minute press conference outside the Capitol, this time will be a lot different. He starts as a frontrunner in the polls, armed with near-universal name ID, a massive email donor list, and a digital media empire that is currently unparalleled among other 2020 candidates. His left-wing policies, dismissed as fringe in 2016, have been embraced by much of the Democratic Party.” Read more.

Via WP’s @daveweigel: “Sanders campaign says it’s raised $1 million since its launch three and a half hours ago. Donations from all 50 states.” … By day’s end that figure was up to $4 million. … Sanders will also get the CNN town hall treatment next Monday night.

WARREN: TAX MILLIONAIRES TO FUND CHILD CARE — Our Kimberly Hefling: “Democratic presidential candidate Sen. Elizabeth Warren … rolled out a plan that would tax millionaires to fund free child care for millions of low-income children and affordable care for others. … Warren said the proposal would be paid for by an ‘ultra-millionaire tax; that would apply to families with a net worth of more than $50 million.

“‘Experts project that the Ultra-Millionaire Tax will generate $2.75 trillion in new government revenue over the next ten years,’ she wrote. ‘That’s about four times more than the entire cost of my Universal Child Care and Early Learning plan.’”

STOCKS BOUNCE BACK AFTER WOBBLY START — AP’s Alex Veiga: “Stocks shook off an early wobble on Wall Street Tuesday, finishing modestly higher and extending the market’s gains into a fourth week. Solid earnings from Walmart encouraged investors to bid up other retailers and consumer goods companies.” Read more.

TOO BULLISH ON RATES? — WSJ’s Akane Otani: “Stocks and bonds are rising on bets that the Federal Reserve has ended its nearly four-year campaign of interest-rate increases, worrying investors who believe the central bank could upend those expectations later this year.”” Read more.

WILBUR ROSS IN MORE HOT WATER — Our Patrick Temple-West: “The head of the Office of Government Ethics has refused to approve Commerce Secretary Wilbur Ross’s 2018 financial disclosure report, citing an inaccuracy concerning the former investing mogul’s holdings of BankUnited stock.

“The action is the latest blow for Ross, who has repeatedly drawn scrutiny over his personal finances since he was nominated for the Commerce job. He is scheduled to testify next month before a House committee. … In a statement on Tuesday, Ross said he held 100 BankUnited shares totaling about $3,700, ‘an amount that federal regulations deem de minimis and below the threshold of a possible conflict of interest.’” Read more.

OCC HIT OVER ETHICS RULE — Our Victoria Guida: “For a decade and a half, a top bank regulator failed to properly enforce an ethics rule prohibiting federal officials from having a financial interest in the industries they regulate, a key government watchdog told the White House and Congress

“The Office of the Comptroller of the Currency, which supervises national banks, ‘engaged in a serious ethical lapse spanning 15 years by failing to implement any’ oversight under the rule between 1996 and 2011, according to the Office of Special Counsel, which handles claims from government whistleblowers.” Read more.

SOC GEN PRESSURED — Our Zachary Warmbrodt: “Louisiana Sens. Bill Cassidy and John Kennedy are calling on French bank Société Générale to release millions of dollars to victims of the Allen Stanford Ponzi scheme, 10 years after the massive financial fraud was first revealed.” Read more.

SEC LOOKS AT ‘TESTING WATERS’ BEFORE PUBLIC OFFERINGS — Reuters’ Katanga Johnson: “The [SEC] proposed … to expand a rule that allows companies to sound prospective investors out privately before going public. The move forms part of a broader push by SEC chairman Jay Clayton to make it easier for companies to go public by relaxing rules, amid worries that a 50 percent decline in U.S. listings over the past two decades is hurting investors.” Read more.

YELLEN CAUTIOUS ON YUAN — Bloomberg’s Randy Woods: “Former Federal Reserve Chair Janet Yellen signaled it may be harder than U.S. trade negotiators think to prevent China from manipulating its currency. That’s because some of the tools central bankers use to stabilize their economies also end up weakening their exchange rates. As a result, it may be difficult for negotiators to define what is currency manipulation as opposed to benign monetary policy.” Read more.

HOUSING PROBABLY CAN’T CAUSE A RECESSION — NYT’s Conor Dougherty: “The United States has had 11 recessions since the end of World War II. All but two were preceded by a big decline in the housing market. Inside that bit of trivia lie some fundamental insights into housing’s outsize role in the business cycle, along with clues to suggest that the economy is on firmer footing than the increasingly pessimistic forecasts make it seem. The gist is this: The United States may or may not enter a recession this year, but if it does, housing is unlikely to be the cause, because it never really recovered in the first place.” Read more.

FED’S WILLIAMS CALLS FOR NEW ECONOMIC OUTLOOK — Reuters’ Howard Schneider, Jonathan Spicer and Trevor Hunnicutt: “New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth or inflation shifts to an unexpectedly higher gear.”” Read more.

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nicholerestrada · 5 years

Text

The GOP’s tax refund nightmare

Story Continued Below

This may make it harder for USTR Robert Lighthizer to use the deadline as leverage. But it’s a pretty clear window into Trump’s thinking.

The 2020 Election. The New Congress. The Mueller Investigation … Keep up with POLITICO Playbook. Be in the Know. Sign up today here.

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Source: https://hashtaghighways.com/2019/02/21/the-gops-tax-refund-nightmare/

from Garko Media https://garkomedia1.wordpress.com/2019/02/21/the-gops-tax-refund-nightmare/

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garkomedia1 · 5 years

Text

The GOP’s tax refund nightmare

Story Continued Below

This may make it harder for USTR Robert Lighthizer to use the deadline as leverage. But it’s a pretty clear window into Trump’s thinking.

The 2020 Election. The New Congress. The Mueller Investigation … Keep up with POLITICO Playbook. Be in the Know. Sign up today here.

Source link

from RSSUnify feed https://hashtaghighways.com/2019/02/21/the-gops-tax-refund-nightmare/

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tylerarltunl · 6 years

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Tyler’s Takes 6.0

April 7th, 2018

Welcome one welcome all to a late night early morning addition of my steaming hot takes on this week in sports. My good friend Cade Webb who has plenty of hot takes as well you should give him a follow on twitter if you do not already. His takes get even better during college football too! But anyway he gave me the idea to have two editions this week so this will be the general what has happened in the week and tomorrow I will release a half edition that focuses on the Masters and how it played out through my eyes so without further ado I will start supplying the takes.

College Basketball

The masses are declaring for the draft there were a few surprises and a few kids I wish would stay but I cannot blame them for wanting to cash in a big payday. I think their game would develop with another year at the college level but I would never tell anyone to turn down money. Also I am going to pat myself on the back for my bracket. Bet yall didnt think I would do that well now did ya!

-Trevon Duval (Point Guard, Duke) is a kid I think could increase his draft position by 10 spots if he were to stay another year at Duke. I know when he signed at Duke he was intending to be a one and done but could you imagine a summer where he doesnt have the pressure to get ready for the draft and can focus on his weaknesses. IE his shooting. A summer and another season to work on his jump-shot would do wonders for him.

-Malik Newman (Guard, Kansas) made himself some serious cash with the finish to his season. Apparently his plan and Self’s plan was for him to leave after this season regardless of how he performed. He is counting his dollars because he went from not even being talked about to putting himself on the map with his late flourish. A position less player in the NBA who benefited from having Davante bring the ball up will find it comforting that teams like guys who can shoot which makes him a better prospect than Duval in my eyes.

-Landry Shamet (Point Guard, Wichita State) Here is a guy I thought would stay solely based on how the season ended for him and I thought he would want to come back and get the bad taste out of his mouth. This might be an indictment on what the Shockers are going to be next year but I never blame a kid for leaving. I think he is the best NBA ready prospect of the three guys mentioned here as he can do a little bit of everything. I am concerned about his speed on defense but if Fred Van Vleet can guard NBA talent Landry Shamet can learn to do the same.

-Nebraska has two guys that have not signed an agent yet and I think should come back and make a run next year. Neither guy excels at what they do (Issac Copeland and Jordan Palmer Jr.). If they come back Nebraska will be picked in the top 5 of the Big Ten in preseason polls because the Big 10 is losing a lot of its elite talent this year. I think both guys would be better served rounding their game into form in their senior campaigns but if they both go Issac has a better NBA future.

College Football

-Not a lot here just Spring games will be happening around the country in the coming weeks so I hope you enjoy your teams game! I am in the minority here but I think Spring games are a whole lot to do about nothing. Tanner Lee threw some pretty passes in the Spring game and look how that turned out. Just know your team is never as good or bad as you think it is in April and you will be for the better.

-My quick take on the Huskers... their spring game is April 21st so lets hope the QB position has a direction by then. If there is no separation from someone in that group that usually means they are all BAD. What are the odds you are going to have three studs in the same room. Scott Frost does have a plethora of talent at the skill positions. Morgan, Lindsey, and Speilman could be a special trio at receiver and please please please dont make me suffer through another season of Devine Ozigbo and Mikale Wilbon as the primary running backs. Please let Greg Bell and Jaylen Bradley separate from the group. Maurice Washington could be a factor as a true freshman as well when he arrives on campus in the fall. I think Tre Bryant might not play football at all or successfully again. (You heard that here first)

Major League Baseball

-The Red Sox are hot!!! The temperature outside may be cold but they are clicking right now. The starting pitching has been the story for this team. Rick Porcello pitched a great game today and it was the worst start by a starter this season. 7.1 IP and 3 earned runs. That is crazy. The Sox also have not committed and error yet this season and since I typed that sentence Sunday they will commit one you can bet on it. The Red Sox played 162 games without a grand slam last year they got that out of the way before game 10 this year.

-CC Sabathia is headed to the DL and so the Yankees weak rotation gets even weaker. They are going to win games by scoring 10 runs but I honestly do not think they have the horses in the rotation to be taken seriously. The bullpen has surprisingly cost the Yankees wins so far this year dont look for that to continue.

-The Phillies scored 20 runs today as a WTH stat of the week. Interested to see which team.... the Phillies or the Braves rise out of the ashes first. I think both are a year away but the NL East is about to be loaded.

-The Royals are bad. They could have had a jump start on the rebuild and I am guessing management is feeling they should have taken that path. How about Danny Duffy being spotted a 4 run lead in the first on Opening Day then getting shelled and the loss then getting spotted a 2 run lead in the first to Cleveland on Friday and giving up 3 in the bottom half of the inning as they went on to lose 3-2.

National Football League

Not a whole lot here this week just a signing and a trade

-The Cowboys added Kony Early to the roster. He averaged 4 sacks a year with Carolina Panthers and New York Jets. Dont know if that moves the needle at all. Randy Gregory is said to be asking for reinstatement into league as well. The league would be foolish to grant that. I dont blame the Cowboys for drafting the former Husker but dude has issues LAY OFF THE WEED.

-The Rams traded for Brandin Cooks. The Patriots got a first round pick and a 6th round pick. The Rams are all in while Jared Goff is young. Am I the only one that thinks he could take a step back this year? Todd Gurley is a beast and the defense appears to be insanely good on paper with all the pieces they added. If those pieces mesh is a completely different story.

-Any guesses as to what the hoodie has up his sleeve in New England? I really wish he and Tom Brady had left on top after their historic comeback against the Falcons. That would have made such a better story then quietly going into the night.

National Basketball Association

-Very concerned Warriors fan here. I am not saying a first round exit but man they look bad right now and the west is as good as ever since the Warriors made their run. Happy for Quinn Cook to be playing so well and earning himself a nice contract. He is the perfect backup to Steph Curry.

-I hope you have been taking my advice and watching the western conference standings! The west is a crazy fun mess right now with 6 teams vying for 5 spots. Give me the Spurs, Jazz, Thunder, Pelicans, and Nuggets not in that order.

-Are the Sixers putting the East on notice? They look scary good right now for a conference that does not have an elite team. Lebron is Lebron but I do not think the Cavs are elite and this is the worst team personnel wise he is taking to the playoffs since his return to Cleveland.

-Can the Bucks play competently in a playoff series? Right now they are 7 to the Celtics 2. That will be the hot upset pick of the playoffs but it really should not be all that surprising after the injuries the Celtics have been dealt.

Last one and I am gone

Golf

-Man I love the Masters and I will go in depth in 6.5 edition but seeing the best play at their best is great television. I think it should be a four horse race tomorrow because Reed just put so much distance between himself and the meat of the pack. Reed, Rory, Rickie and Rahm are the four horses their but I would not be shocked if Bubba or JT threw a 64 on the board and put themselves in the mix. Rory is my favorite international golfer the emotion he shows is good for the game in my opinion but I will be cheering for Fowler to break through. I hope it is tight late and someone makes a putt or hits a shot that we will remember.

As always thanks for reading and for your support. Enjoy your Sunday folks!

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