Archive for the ‘Uncategorized’ Category
As of today, 471 Companies (and counting) have announced pay raises, bonuses, utility rate cuts, or 401(k) hikes because of the GOP tax cuts and jobs act passed by the Republican Congress and signed into law by President Trump.
Hat tip Ryan Saavedra
The lede from WSJ.com:
Great weekend read, enjoy: www.wsj.com
From Reuters: Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third estimate for the quarter on Wednesday. That was a slight moderation from the third quarter’s brisk 3.2 percent pace.
More: Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up to a 4.0 percent rate in the fourth quarter from the 3.8 percent pace reported last month. That was the quickest pace since the fourth quarter of 2014 and followed a 2.2 percent rate of growth in the July-September periods.
Read the whole thing: www.reuters.com
The higher a country’s debt to GDP ratio, the less healthy the country’s economy. With the final 2017 GDP numbers released today, President Trump’s policies have officially decreased the Debt to GDP ratio by 1.3% in the President’s first year in office.
In contrast, President Obama increased the US Debt to GDP ratio his first year in office by 14.5%. Obama increased the debt to GDP rate a total of 37% over his 8 years in office.
Hat tip Gateway Pundit
The lede from CNSnews.com: Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau. State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau. Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015, when those governments collected $399,933,270,000 in individual income taxes.
More records reached:
The more they take…
Read the whole thing: www.cnsnews.com
From zerohedge.com: Census Bureau data show California lost just over 138,000 people to domestic migration in the 12 months ended in July 2017. Lower-cost states such as Arizona, Texas, and Nevada are popular destinations for relocating Californians.
Housing costs and the tax burden is far less impactful in pretty much any place outside of California, whose socialist policies drive up poverty and continuously erode the middle class leaving only the extremely wealthy and those in abject poverty.
A USC Dornsife/Los Angeles Times Poll of Californians last fall found that the high cost of living, including housing, was the most important issue facing the state. It also found more than half of Californians wanted to repeal the state’s new gas tax, which raised fees by a whopping 40 percent further burdening those already living paycheck to paycheck.
Read the whole thing: www.zerohedge.com
Here’s the link to Part 1, Leaving In Droves: www.thisweekonwallstreet.com
Fascinating stuff. The lede: ICON has built the first permitted 3D printed home in America. ICON is one of the first new businesses to launch from the Saturn Five startup studio, based in Austin, TX.
The home was unveiled in March 2018 in Austin, TX and was built using a prototype of the mobile printer ICON is creating for New Story and the developing world.
More: The production version of the printer will have the ability to print a single story, 600-800 square foot home in under 24 hours for less than $4,000. As a part of this effort, ICON has developed cutting-edge materials tested to the most recognized standards of safety, comfort and resiliency and is designed to function with nearly zero waste production methods and work under unpredictable constraints (limited water, power, and labor infrastructure) to tackle housing shortages.
Cool video here: www.nextbigfuture.com
