35 Burst results for "Over A Year"
AP News Radio
The Vatican hopes to breathe new life into its relationship with Native Americans.
"I'm Walter ratliff with the religion minute. This week, the Vatican tried to heal its relationship with native tribes in North America by rejecting the doctrine of discovery based on 15th century decrees that legitimized the colonial era seizure of native lands. This goes beyond land. Michelle Shenandoah is a Professor of indigenous law at Syracuse university. She says the Vatican's rejection of the doctrine should prompt governments like the United States to address past abuses. Native groups have called on the Vatican to formally rescind the papal bulls that provided the Portuguese and Spanish kingdoms, the religious backing to expand their territories in Africa and the Americas for the sake of spreading Christianity. Truly, it has been decades that indigenous peoples have been asking for attention to this. Father David McCallum says the Pope's visit to Canada last year opened up a new opportunity to address the church's relationship with Native American tribes. I'm Walter ratliff.
AP News Radio
Wimbledon drops ban on Russians, lets them play as neutrals
"Russian and Belarusian tennis players will now be allowed to compete at Wimbledon as neutral athletes after the all England club reversed its ban from last year, in order to take part, the players must sign a declaration of neutrality as well as complying with appropriate conditions this includes not expressing support for Russia's invasion of Ukraine, and not accepting any funding from Russia or Belarus, Wimbledon's chairman, Ian Hewitt, said the decision to reverse the ban was a difficult one, and was made with the great deal of consideration, nevertheless Ukraine's foreign minister, Demi kuleba, condemned the reversal as immoral, clever called on the UK government to deny visas to the Russian and Belarusian players who have now been allowed back at Wimbledon, Karen Chammas, London
AP News Radio
Body of missing Florida 2-year-old found in alligator's mouth
"Was killed in Florida. And now the body of her two year old toddler has been recovered in the jaws of a reptile. There had been a frantic search for the missing two year old boy in St. Petersburg Florida. After 20 year old passion Jeffrey was found stabbed to death in her apartment Thursday, and two year old Taylor Mosley was nowhere to be found. Police had put out an amber alert and searched on foot and with aerial drones, a day later police a few miles from the apartment spotted an alligator with an object in its mouth. They shot the reptile and it dropped the body of the little boy still intact. St. Petersburg police say the boy's 21 year old father, Thomas Moseley, will face two counts of first degree murder for killing the toddler and the mother. They say he's not cooperating with the investigation.
AP News Radio
Trump indictment ends decades of perceived invincibility
"The indictment of former president Donald Trump ends decades of perceived invincibility. Trump is expected to fly from Florida to New York Monday, stay overnight at Trump Tower, then head to the courthouse Tuesday for his arraignment. He'll be booked fingerprinted and a mugshot taken, but no handcuffs since federal agents surround him, despite 40 years of legal scrutiny, the man long nicknamed Teflon Don is facing charges, including at least one felony offense related to hush money payments to women during his 2016 campaign. He denies this and calls it political persecution. Trump could ask the judge to dismiss the case, even if it moves forward, there's no guarantee of conviction. Intensifying investigations in Atlanta and Washington are seen as potentially more serious legal threats. Julie Walker, New York
AP News Radio
Pope Francis leaves hospital; 'Still alive,' he quips
"Francis has been discharged from a hospital in Rome after being treated for bronchitis. As he left the hospital, he was greeted with a wave of camera clicks as Janice asked how he was feeling. I'm still alive, he quipped, the 86 year old pontiff was hospitalized at gemelli polyclinic after he experienced breathing difficulties following his weekly public audience and Saint Peter's square. It was confirmed that he received antibiotics, administered intravenously during his stay when asked by reporters what was wrong, Francis replied. I don't understand. The Vatican also released his upcoming holy week schedule in a sign that his health has improved. He would attend a palm Sunday mass in Saint Peter's square and an outdoor Easter mass on April 9th. I'm Karen Chammas
AP News Radio
The latest in sports
"AP sports, I'm Bruce Morton. Iowa sent shockwaves through the women's college basketball world. It held off previously unbeaten defending champs, South Carolina, 77, 73. AP national player of the year Caitlin Clark led the way for the hawkeyes with a semifinal record 41 points and said this game wasn't just a win. It was a showcase for her sport. I'm sure so many people wish this was a series of 7 games. That would be really, really fun. And I think we continued the series. It might go one way or the other every single time. The game Crocs aliyah Boston said this wasn't the way they wanted to finish, but they still had a season to remember. Just winning. 36 games. I feel like that's unbelievable. Sunday, the hawks will meet LSU, which took over in the fourth quarter and a 79 72 win over Virginia tech. Alexis Morris was game high with 27 points for a Bayou Bengal team that made it to the championship game for the first time in program history. Maybe the standing champions at the end maybe I can just let go and just be like, ha. Next up, the men's final four on Saturday with Florida Atlantic facing San Diego state followed by Miami versus Yukon. Pro basketball, the Celtics continued their push for the top seat in the east by besting shorthanded Utah one 22 one 14. Jason Tatum came through with a game high 39 points. Each game presents a different challenge. And so whatever we went through today was probably not going to be as hard as what the players are going to be like. Other NBA winners included the Knicks, grizzlies and sons. Baseball Jorge solar and jazz Chisholm each Homer to give Miami a two one decision over the mets. Dave ferry has details. So Lara put Miami ahead in the second inning in Chisholm provided insurance in the 8th. Jesus luzardo combined with three relievers on a four hitter with lizardo yielding two hits over 5 and two thirds. The Astros came from behind to beat the White Sox 6 three, and the rockies won at San Diego four to one. First Martin AP sports
AP News Radio
Clark, Iowa end perfect South Carolina season in Final Four
"Obviously it feels really good to take down a team that has a one 42 straight basketball games. That's really, really hard to do. Nobody's been able to do it all year. They've been ranked number one in the polls and all we did was believe and then go out and achieve it.
Discerning Hearts - Catholic Podcasts
A Lenten Meditation on John 11:45-56 for the 5th Saturday of Lent
"The next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A reading from the holy gospel according to John, chapter 11 versus 45 through 56. Many of the Jews who had come to visit Mary, and had seen what Jesus did, believed in him, but some of them went to tell the pharisees what Jesus had done. Then the chief priests and pharisees called a meeting. Here is this man working all these signs, they said, and what action are we taking? If we let him go on in this way, everybody will believe in him. In the Romans will come and destroy the holy place and our nation. One of them, caiaphas, the high priest that year said. You do not seem to have grasped the situation at all. You failed to see that it is better for one man to die for the people than for the whole nation to be destroyed. He did not speak in his own person. It was as high priest that he made this prophecy that Jesus was to die for the nation, and not for the nation only, but to gather together in unity the scattered children of God. From that day they were determined to kill him. So Jesus no longer went about openly among the Jews, but left the district for a town called ephraim in the country bordering on the desert, and stayed there with his disciples. The Jewish Passover drew near, and many of the country people who had gone up to Jerusalem to purify themselves, looked out for Jesus, saying to one another as they stood about in the temple. What do you think? Will he come to the festival or not? What word made this passage come alive for you?
National Archives Admits Over 1,100 Biden Records Pages at Penn Office
"The national archives The national archives used to be kind of a boring place to where bureaucrats went to went to die you know Get their pensions Put in their 20 years get 80% of their salary retire at the age of 48 Head down to Florida or wherever they went But not anymore it's been politicized like everything else these bastards do quite frankly Ingest the news John Solomon's outfit Madeline Hubbard the national archives has admitted That approximately 1000 You haven't heard this today 1170 pages of records from Joe Biden's time as vice president Were found at the Penn Biden center November 2022 The agency said it does not have custody of any records discovered at Biden's home in Delaware Now let's get this straight It wasn't just a few far Remember they used to compare them Trump had hundreds of documents They only found like ten files about 1170 pages of records And the archives does not have custody of any records discovered at Joe Biden's homes In Delaware The American first legal foundation highlighted the revelation yesterday by publishing a letter that the national archives sent to the conservative legal group in response for freedom of information act request Folks these freedom of information act requests whether in the hands of outstanding conservative legal groups or in your own hands Are very powerful weapons
Elizabeth Warren Has Declared War on Crypto
"The crypto community is extremely fond of the apocryphal Gandhi phrase, first they ignore you, then they laugh at you, then they fight you, then you win. We have a tendency to pretty much always think we've entered the then they fight you phase, but as of this quarter, I think it's pretty much official that we are now well and truly into the then they fight you face. The breakdown has had numerous shows about operation choke .2 and what seems like a coordinated effort to deplatform crypto companies from U.S. banking and in general push crypto offshore. But just in case there was any doubt, any doubt at all. Yesterday, Elizabeth Warren, the self styled emperor of the crypto antagonists, announced her formal reelection campaign for her Senate seat in Massachusetts. To do so, she released a video on a series of graphics with her looking determinedly off camera, with a big blaring headline that had been recently written about her. Some of the accomplishments highlighted included, subsidized child care, and over the counter hearing aids, great things for sure. But that wasn't all she chose to focus on. And what she did focus on would overshadow all of it. The image she chose to start that video, the headline reads Elizabeth Warren is building an anti crypto army. The headline is drawn from a February article in Politico, which covered the senator's sponsorship of the digital asset anti money laundering act last year. That act would require software providers and blockchain validation infrastructure operators to record significant personal information about protocol users and proactively generate money laundering reports without any government requests for information. Coin center called the bill unconstitutional and said it was, quote, a direct attack on technological progress, and also a direct attack on our personal privacy and autonomy. Of course, that's not Warren's only attack on crypto. Since this time last year, senator Warren has sent at least 15 letters on the topic of crypto to regulators, companies, and even the FTX bankruptcy judge. She's also sponsored at least two bills which were dramatically increased the data collection requirements within the crypto industry.
AP News Radio
Looking for a Final Four edge? Think offensive efficiency
"It will be Yukon against Miami and San Diego state versus Florida, Atlantic in the NCAA men's final four on Saturday. None of the teams is among the top three seeds with a number four, two number 5s and her number 9 advancing this far. That doesn't surprise Miami coach Jim Lara, who entered the tournament as a 5th seed. There's too much parody in college basketball. There's too many changes in rosters every year now. The transfer portal has created that. FAU is the 9th seat, but don't tell coach dusty may, his team is a Cinderella story. When you've done what our guys have done with so much longevity and consistency, they don't consider themselves a flash in the pan. FAU San Diego state tips off the semifinals. I'm Dave ferry.
America First with Sebastian Gorka Podcast
War Correspondent Chuck Holton Tells Us About His Career Path
"For those who haven't met you before a senior war correspondent footage and coverage of late. Tell us a little bit about your career path, how you got to be. What did you say before we came on air? How many you just got back from a trip? How many nations in Asia did you visit in how many days? Half a dozen Asian nations in 14 days. I usually travel to about 25 countries a year. And I've been doing that for two decades. I started out in the special operations community in the U.S. Army, where it was in the army for 8 years, flew helicopters the last four of those. And then once I got out of college, I became a stockbroker for about ten years. And made a lot of money, honestly, but had this epiphany when I realized that all of my clients who were all multi millionaires told me at some point in our relationship, you know, I just wish I spent more time with my kids. And I realized that I was headed down that same path. And so I started looking for a way to restructure my life where I could have more impact on my children and have more time with them. So that's how I became a writer. And that, you know, that had its own challenges, but not the least of which it was a lot less money. But it led to me getting called because I was writing about military topics right at the beginning of the war. Getting called from certain agencies, news agencies to become kind of a talking head. And then got asked to go to the war zone and cover the war. And that's how I got to be a work correspondent.
AP News Radio
Mourners gather for 1st Nashville school shooting funeral
"Mourners gathered for the first funeral for victims of the Nashville school shooting. 9 year old Evelyn dick house was described as a shining light. Friends and family bid farewell to a girl who loved art, music, animals, and snuggling with their older sister on the couch. Reverend Craig stauffer at the woodmont Christian church said the challenge is to take her light and keep spreading it to a world that has so much darkness and pain. The church is just a few miles from the covenant school. Dick house and two other 9 year olds and three adults were killed. Reverend stauffer told the AP it's been surreal and a nightmare that they are waiting to wake up from. It's been one of the hardest weeks you could imagine. I'm Ed Donahue
AP News Radio
Pope Francis heals from a respiratory infection while the Vatican hopes to breathe new life into its relationship with Native Americans.
"On this week's AP religion roundup of France's heels from a respiratory infection, while the Vatican hopes to breathe new life into its relationship with Native Americans. An infant is comforted by his mother as Pope Francis baptizes him at the gemelli hospital in Rome. Francis spent most of the week there, healing from bronchitis and was expected to be released Saturday. Meanwhile, the Vatican tried to heal its relationship with native tribes in North America. This week it rejected the doctrine of discovery based on 15th century decrees that legitimized the colonial era seizure of native lands. This goes beyond land. Michelle Shenandoah is a Professor of indigenous law at Syracuse university and a member of the oneida Indian nation. She says the Vatican's rejection of the doctrine should prompt governments like the United States to address past abuses. It really has created generation upon generation of genocidal policies directed towards indigenous peoples. Native groups have called on the Vatican to formally rescind the papal bulls that provided the Portuguese and Spanish kingdoms, the religious backing to expand their territories in Africa and the Americas for the sake of spreading Christianity. Those decrees underpin the doctrine of discovery, a legal concept coined in an 1823 U.S. Supreme Court decision, which was cited by the high court as recently as 2005. The repudiation of the doctrine marked a historic recognition of the Vatican's own complicity in colonial era abuses committed by European powers. Truly, it has been decades that indigenous peoples have been asking for attention to this. Father David McCallum says the post visit to Canada last year opened up a new opportunity to address the church's relationship with Native American tribes. This captured not only the Pope's attention, but also the wider Vatican's attention. Indigenous leaders welcomed the statement as a good first step. Even though they hoped the Vatican would acknowledge greater culpability for historic abuses. I'm Walter ratliff.
AP News Radio
Probe of deadly Black Hawk crash underway in Kentucky
"The military has released the identities of the 9 soldiers killed during yesterday's Black Hawk helicopter crash in Kentucky. They ranged in age from 23 to 36, man came from 7 states from New Jersey to Florida to California. They were the 9 soldiers aboard the two black hawks from Ford Campbell's 101st airborne division that crashed during a nighttime training exercise. The armies deadliest training incident in 8 years. The division's commander says their losses will reverberate for years. A military air safety team from Alabama is investigating what led to the crash, Sagar Meghani, Washington.
The Charlie Kirk Show
Now Is the Time for a Public Display of Support for Trump
"Fired up today. You better believe it. And by the way, every single one of you, if you have any Trump paraphernalia, maga hats, now is the time to wear it. Public displays of support. You better show the left and show the world that you're going to go after him. We lean in. We do more. I can tell you, I personally, obviously, have endorsed Trump since the very beginning for 2024. But this only intensifies my support. This is no way. This is not about Trump. This is an all out blitzkrieg and assault, a waterboarding operation on the entire system. The whole constitutional rule of law system, presumption of innocence, due process, statute of limitations, all of it. All the tyranny the conservative movement has been warning about the nauseating op eds the last 60 years. Alexander scholz needs a gulag archipelago. It could come here. How many times have I heard a Republican well, people need to know, communism could come here. It's here, everybody. It's in our systems this year is the crossing of the Rubicon. Enough that it's coming here. Oh, it very well might one day hit our shores and, you know, we might have a country we don't recognize. Living in it right now, hello. Now we got to win it back. I'm going to tell you how, because the good news is we actually have public consensus and support. I would be pessimistic and I would be negative if we did not have an opposition party that controlled so many chambers of power in this country. The problem is we don't use it.
ToddCast Podcast with Todd Starnes
Rep. Barry Moore: Trump Indictment Is a Chance to Heal the Country
"Does Trump overcome that? He's still going to have that challenge if he's the nominee going into 24. Well, you know, one of the things I tell her by the process that I went through, the lord says that fuel humble himself, if yourself before him, he will elevate you before man. And so I pray that president Trump gets to a point that maybe the lord does a great working is hard. I think that there's an opportunity here to heal the nation and to reach people that we haven't reached previously. I mean, think about it for many, many years, minorities in communities have claimed that the justice system was weaponized against them. If they step back and look at this for what it is, they see that we're all engraved danger if they can go after Donald Trump, they can go after us. And so we'll see. But we need to pray for the president, but the process I would not be here today had not been through that process in 2014. So the lord of break you to make you to shape you and sometimes you go through some tough times, but I just want the president and his family know that we're praying for him. We're going to support him and I think the American people will show up as well and we'll have a one heck of an election in November 24. Well, and one of the things that got you through it is your amazing spouse. And I know it's not the first time you've heard it. Man, you outkicked your coverage. Brother, listen. The ham sandwiches were her ideas. She's like, hey, let's hand them out. And no doubt, man. The lord is we were a great team. And she's a comms major ran my campaign for your charge. That's how we were able to win with so little money. And one thing I want to mention to people that are paying attention, the speaker rates and how that played out, the Republican conference up here in D.C., the members of 70% of us are new since Trump was elected. So there is a different move in the country. It's more about the American people and representing them and making this nation great again. And I think we need to continue to grow that movement to get behind the president and push back against this weaponization and the attack on liberty that we so appreciate. And Joe, and sometimes I think honestly, take for granted in this country. Well, then
Dennis Prager Podcasts
More Bad People Than Fighters Against Bad People
"Few people fight the bad people. There are more bad people than fighters against good people. The fighters against bad people. Did I say that right? There are more bad people than fighters against bad people. That's right. That's correct. I try to swell those ranks. With everything that I do. But helping fighters is just as important as fighting. You can't do nothing now. You can't do nothing now. They get away with everything. They get away with mutilating children. Inviting an ex-president is nothing compared to mutilating children. We live in the age of child sacrifice. About 20 years ago, I wrote on the Internet how the left keeps me religious. My friend, there is no religious individual living today. That has done as much for my belief in God and the Bible as the left has.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"4% intraday move. And are now back down to about four tenths of 1%. So a lot of volatility in the stock already coming after their earnings. They did come out and they said, look, the EBITDA numbers did beat the average analyst estimate because those cost cutting measures, but if you look at trading volumes, they're down about 75% year over year. What was the street looking for? I don't think it was 75%. I don't have the exact estimates at the moment, but they weren't expecting 75%, and that's why you saw the stock initially drop on the news. But then come back because it looks like their outcome or the outlook at least is a little bit more positive. Essentially saying that 75% is potentially the lowest it's going to go. But again, it's a mixed analyst recommendations coming out from this. So coinbase, though, probably going to be one of your big movers today up about 5 tons of 1% at the moment with CO IN. Let's talk about cybersecurity stocks, PA and W is the one I have my eye on Paulo alto networks. This is really important when it comes to cybersecurity in general. We know the defense stocks have had this massive bid since the war in Ukraine broke out and alto for me is one of those kind of poster childs for the cyber network story. The shares are up about 9% in the pre market. And this comes after the issue of some pretty strong earnings guidance. They beat on their revenue, their software numbers, but they also beat on their subscription and billings numbers, which means that businesses are actively investing in cybersecurity. Similar to kind of the store you get from cloud companies, for example, your Microsoft alphabets, even though the technology has existed for a while. A lot of people haven't made that pivot yet. And Paula also says, well, this is really focusing on profitability, free cash flow, you know, kind of the bottom line numbers, not just so much the top line stuff that the market was looking for for the past several years. But you got to show some profits. You do. And I think this earnings cycle specifically has been very tough on that that margin story has been something that's kind of been a deal breaker for a lot of companies. You look at Home Depot and Walmart earlier this week. I want to mention Intel really quickly down 8 tenths of 1%. Their dividend slashed 66%, their lowest in 16 years. What is it? Massive story. Yeah, I don't get that. I mean, don't you cut dividends 5%, 10%, 20%? I mean, this is a real company with real balance sheet with cash flow. Well that should kind of shocked me a little bit. Shark barely describes it in Paul. We're going to stop to show here folks because this is really important. Pretty thank you so much for bringing us up with current Gupta doesn't know folks as long ago and far away pulsing I would get printed annual reports. These are actual physical documents and they were in a stupid thick as the ones now because there weren't a lot of lawyers involved. And every company had a different character. And if you open the IBM report, the first two pages Paul was a free cash flow dissertation. From mister Palma Sano or whatever. And that was never going to end. Was it? And it did. It did. I mean, same thing with Intel. How Apple buys back shares now? They got that from Apple from Intel. And tell us the one that did that, Paul. I'm looking at the FA function for Intel financial analysis function. This is a company that had 1520 $10 billion of free cash flow last year in December 2022, negative $10 billion of free cash flow. The street's looking for -7.6 billion free cash flow in 2023 and 2.3 negative free cash flow in 2024. So this is a company that's conserving cash time. And I guess that's one of the places you go is your dividend
"over year" Discussed on Northwest Newsradio
"Bank rate dot com senior industry analyst Ted rossman breaks it down with northwest news radios, Tom. What are the headlines here? Unfortunately, this was the largest month over month drop in 11 months. It was actually the third time in the last 5 that retail sales fell on a month over month basis. And then on the year over year metric, it was in positive territory. So that's the good news, up 6 and a half percent. Although that lags, the inflation rate and it was the smallest year over year gain since late 2020. So in other words, ample evidence that retail sales are slowing, consumers are feeling the bite of inflation and higher interest rates and in some ways this is the plan. The fed is trying to slow the economy a little bit, but it seems like it's working. For better or for worse. Yeah. Well, in August, what was it 84% of projected holiday shoppers said they would be looking for money saving tactics. Led by looking for more discounts, buying less stuff and starting earlier have those come true. I think all three of them have, yeah, people have done what they said they were going to do. The holiday season definitely started in early October this year. And the report we're talking about today covers the month of November. So that is actually one possible explanation that maybe people got started early and then they dipped a little bit in November. I still think there's some negative things about consumer spending and about inflation. But the early start was part of it. People are definitely looking for more discounts. They are buying fewer gifts. Retailers have excess inventory, unlike last year. So all of this adds up to a good year for discounts. Consumers are basically demanding them with their habits and retailers have too much stuff. So discounts are common 25, 50, even 60% off. And gas prices have come down, is that having much of an impact on the spending? We definitely welcome the decline. It is getting gobbled up by other things. Food costs remain persistently high, housing costs. One silver lining here is that people are spending a lot at bars and restaurants. It's a good thing for that industry, of course. And really for the overall economy, that's the delicate balance here is that we don't want you as an individual to be going into expensive credit card debt. But we also don't want consumer spending to fall off a cliff. So that's where the fed has a delicate balance. They want to slow things without tipping us into recession. The fact that bars and restaurants are doing well, I do think shows some underlying discretionary strength, probably also some pent up demand from the pandemic. But yet there are a bunch of other categories where we say we're getting a little nervous that people are pulling back and this may be a warning sign of a recession next year. That's bank rate dot com's Ted rossman speaking with northwest news radios, Tom hudler. And nearly half of all young adults in the U.S. between the ages of 18 and 29 live with their parents and Morgan Stanley says this living arrangement is boosting the profits of luxury good companies. The number of people moving back in with at least one parent spiked in 2020 at the height of the COVID pandemic to 49.5%, according to census data. It's edged down to 48% last year, even as people return to hybrid work setups. When young adults freed up their budget from daily necessities, they seem to be spending it on discretionary items like travel, entertainment, and luxury goods, although nearly four in ten millennials living at home say that their parents do charge them rent nearly half said that they were charged less than $500 a month. That leaves a lot
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"It at feeding America dot org, brought to you by feeding America and the ad council. On the latest edition of balance of power, a conversation about November's CPI numbers with Jared Bernstein of The White House council of economic advisers. We think there's some real substance behind these numbers in terms of some of the lasting impact on slower price growth. Now, nobody around here is saying 7.1% is an acceptable rate of inflation. The president himself said that prices are still too high, but we are solidly moving in the right direction. Remember, in October, year over year with 7.7 at 7.1, again, year over year, we're down two percentage points from the most recent peak in June. And of course, over the month, .1% on inflation. Now you may remember a couple of weeks ago we were talking about a jobs report where wages went up .6%. That means there's a half percent boost in real hourly wages, real buying power with that combination of wage and inflation growth. So yes, a good report solidly moving in the right direction, not there yet, but moving. We've heard the Federal Reserve continue to say they're targeting 2%. If that's true, when do you think we might get to 2%? You know, we don't get into the feds knitting that granular level. What I will tell you is that from our perspective, the question is, are families feeling the kind of relief in their family budgets that this president believes is so important to building the kind of bottom up middle out growth we seek to maintain and build on. Now, one area you got to look at is gas prices when you're thinking about that question. Down 2% month over month in the CPI report, but of course, down a lot more significantly than that, if you take a slightly longer term view. Catch more of this and other conversations on today's edition of the balance of power podcast. Listen on the Bloomberg business app, Bloomberg dot com and anywhere you get your podcasts.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"In the consensus calls for a year over year increase of average hourly earnings of about 4.7%. That's down from the 5% we saw last month. Are you surprised that that number never really ticked that much higher than where we've seen in the last 6 months or so? Well, again, the hourly earnings number that we're talking about in here. Is for a very, very small microcosm of people that are employed. What I do worry about in the upcoming payroll employment numbers is to potential impact of E and on the data. It's something that was brought to my attention the other day by a colleague of mine. And it is a significant significant risk. I'm often these kinds of disruptions even though they're localized. Do you have an impact on the macroeconomic data? This time through it could wind up with a spurious increase in the hourly earnings number because hours may have been held back while compensation wasn't. What's your recession call, Steve? I mean, a lot of folks are kind of banding about. Good question. How long will it be? A, well, we have one, B, how long will it be kind of how deep? Well, again, it's not a credit cycle. So it's not going to be the depth of the recessions that we've experienced. Either from COVID or from the financial crisis. It's also not going to have any additional fiscal stimulus coming down the pipeline. So it is going to be a recession of several quarters. And it is going to be deep enough in terms of labor market against the backdrop of a very, very low start to the unemployment rate. So we could get into that 5 and a half 6 category, which is significant move up. You could say it's almost doubling the unemployment rate. Doubling would actually get 7%. But it's a very significant upward movement in the unemployment rate from how low it started. You know, it's great. Steve shut up for Halloween when his neighbor went. The natural. Sure. Yeah, of course. You are a gay reject. He had on the closet for the 70s. It worked out. Saver shudo, thank you so much. Economics jokes on November 1, they really work. Steve showed up, Missoula America's chief U.S. economist. Michael Barr has no idea what I'm talking about with the news. In
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"Right, so we've talked about the wild ride that we've seen on markets. We talked about stocks selling off, then rallying, and then we did see treasuries tumbling. We saw 30 year yields over 4% for the first time since 2011. We're going to talk about the yield curve and also what fed fund futures are telling us about. You know, who knows a lot about this? I were Jersey. He's going to be joining us in just a few minutes. But first up, let's go over to Charlie pellet because we got less than 90 minutes to go, Charlie. Indeed, stocks holding on to gains, the Dow, the S&P NES stack all surging with the S&P on track to halt a 6 day sell off that took it to a two year low. Right now we've got the ten year yielding 3.95% we've got the two year 4.45%. All of this on a CPI Thursday, the S&P up 99 now, a gain of 2.8%, a 3% surge for the Dow, up 882 points of 30,092, and as a stack is up 251 up by 2.4%, of course, we've got a whole lot more coming up on rates with our Ira Jersey. Spot gold right now, 1665 the ounce down $8 and drop there of 5 tenths of 1% and West Texas intermediate crude up 2.2%, 89 17 a barrel. A key measure of household prices rose to a 40 year high in September. Core consumer prices up 6.6% year over year. The data pressures the Federal Reserve to lift rates even more to stamp out inflation. Biden administration reaction to today's report from U.S. commerce secretary Gina raimondo, who was interviewed right here on Bloomberg radio. As we all know, this is a global problem. There's not a country on earth right now, not struggling with inflation. And as we put COVID behind us and get back
"over year" Discussed on 77WABC Radio
"The price of eggs year to year is going up 38% The price of butter and margarine year to year has gone up 26.4% The price of coffee is going up 20.3% The price of poultry has gone up 16.6% Snacks have gone up 16.5% Milk 15.6% double digit inflation All across every food category Bread 13.7% up Fruits and vegetables up 9.3% Beef and veal up 3.4% I don't know where they're getting their beef and veal All food all told up almost 11% year to year And Biden's out there saying 0% inflation 0% inflation It's outrageous And the wrap month to month if you want to look at that 1.1% In the meteor there supporting them over on inflation dropped to 8 and a half percent annually 8 and a half percent annually Dropped that just means it's dropped from 9.1% So we're going from a 43 year high to 40 year high Do you feel relieved ladies and gentlemen
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"Year over year during the pandemic That was very very weak They've gotten had a nice rise back up to 2.3 Next reading is supposed to be 2.5 However he wants to see 3% to cabins inflation sustainably at or above target So have you done enough to meet that metric The people who want the hiker forecasting it they say but you don't need all this extraordinary stimulus You've also got an employment down to 4% That is something like what I have to keep looking It's the lowest since 2008 Come on get off the dime But the election let's go back to that because Scott Morrison is in a rather tough race The conservative leader who wants to get reelected his platform is saying stick with me the economy is doing better under me you won't see tax hikes We're not going to see big increases in interest rates Well they're probably going to see some And back in 2007 when John Howard was the sitting prime minister he was running for reelection The RBA then raised the key rate during that campaign and he lost his supporters at aha It's at least in part due to the reserve bank of Australia that moved they made That's the other side of the coin The next meeting is June 7th This is what may 3rd You can wait a month The place is not going to go out and get out of control in that period of time I think another concern is people say well if they wait then oh they were being political They didn't want to hurt the prime minister They go ahead and do something anyway Oh they're being political They want to hurt the other side They really can't win on that Ultimately feel low has not given any kind of strong signal that he's going to raise that rate at this meeting So maybe that's another reason why people figure well if they do anything it will be the smaller increase And why the minority is saying maybe they won't do anything at.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"Is what's crucial for being an inflation edge So if I focus on Bitcoin and I ask myself yes how can this thing be so volatile day to day and yet being inflation hedge And the reality is the volatility has come down roughly on an annual basis sort of year over year in its 13 year existence And so as volatile as it seems the volatility is actually lower than it has been in the past And then moreover I look at the underlying characteristics of a hard money asset like gold So I do the comparison to gold and what I find with Bitcoin is that it actually scores better as a limited supply hard money asset inflation hedge than gold itself and I can get into detail if that's of interest We don't have time We don't have time to get to that Andy we don't have time to get to that but we do have about 30 seconds left for one last question What would you say to someone listening right now who's saying wait a second I'm interested in it but the energy usage associated with Bitcoin troubles me 30 seconds What would you say to them Yes Bitcoin uses energy just like every other valuable asset The last members I looked at indicate that it actually is less energy than the gold market Gold involves the actual physical mining Yeah that's true And it also involves the pollution and use of toxic chemicals in the physical environment which Bitcoin doesn't So I'd say that Bitcoin is already an improvement on coal All right we're going to leave it there Hey hopefully you'll come back and we can continue this conversation and he's managing director of adviser services at swan Bitcoin They are an accumulation Bitcoin accumulation platform joining us on the phone from LA Do you want to mention some headlines crossing This is coming from Cleveland fed chief Loretta mester speaking in an interview on CNBC and basically when it comes to 75 basis points she says the fed does not need to go there You're listening to blue of our business week This is Bloomberg radio This is a Bloomberg money minute losses on Wall Street are getting deeper with investors increasingly fearful of higher interest rates The Dow is down 796 the S&P down one O one the NASDAQ dropping two 83 Inflation continues to filter through the economy landing where it always does with customers S&P Global says prices received by manufacturers and service providers are at a record this month even as orders grew by the most in 7 months Higher costs for cottonelle toilet paper Huggies diapers and other Kimberly Clark products aren't scaring customers away It turned in better than expected first quarter results sales grew 10% Ubisoft the video game publisher behind the Assassin's Creed franchise may be a takeover target Sources say several private equity firms are studying the business although ubisoft does not in any serious negotiations Larry kofsky Bloomberg radio Wake up and text text and eat Text and meet up with a friend you haven't seen in forever Hi Oh hey Text and complain that they're on their phone the whole time Text and listen to them complain that you're on your phone the whole time Text and whatever But when you get behind the wheel give.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"Right now down two tenths of percent against the greenback at a one spot 11 position French CPI data for the month of March reached another record at 5.1% year over year That's the Bloomberg radio business slash his Hannah George with the top news morning Hannah Good morning Laura and thank you Let's start with U.S. and UK intelligence which is suggesting Vladimir Putin's advisers are too scared to tell him the truth after the Russian president quote massively misjudged the situation in Ukraine The head of Britain's GCHQ spy agency Jeremy Fleming says Russia has had to deploy mercenaries to shore up its stalled military campaign Russia says it is redeploying troops to take full control of the Donbass region after giving mixed messages on the state of talks Ukraine and Russia will resume negotiations via video tomorrow In top corporate news now apple is developing its own payment processing technology and infrastructure system The goal is to cut its reliance on outside partners the iPhone maker is also exploring new resources to provide memory chips that are placed into the phones potentially including its first Chinese provider the announcements follow news that Apple and meta provided customer data to hackers who masqueraded as law enforcement officials And H and M has reported a slowdown in sales growth becoming one of the first retailers to signal how the war in Ukraine is weighing on consumption Sales rose 6% in local currencies in March compared with a 23% growth in the three months through February The war and a resurgence of COVID in China are weighing on the prospects for retail after a recent rebound H and M shares down 8% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm Hannah George this is Bloomberg Bloomberg.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"Via the Bloomberg business app Hi everybody Great to have you with us in this final hour of the program today We're just getting the China data in for the most part beating expectations but still down still disappointing when compared with the previous month We get all the numbers to you in a moment I'm Brian Curtis And I'm Doug Chris coming to from the Bloomberg interactive broke a studio in New York We have trading underway across the apac region markets pretty much positive with the exception of the Chinese mainland where the Shanghai composite is down about a tenth of 1% Brian was referencing the data that we have for the month of October Let's begin with industrial output again year over year of three and a half percent a little bit above forecast the street was looking for 3% right on the money And then if you look at retail sales again year on year 4.9% much above the estimate at 3.7% fixed asset investment a little bit below forecast with a gain year on year of 6.1% We also had data earlier on a new home prices in China down for the second month in a row in October prices Now at the lowest level in more than 6 years Now we know the story here that the government was working to curb speculation in the property market home prices month on month in October down by a quarter of 1% If you look at the Chinese currency offshore we're strengthening against the greenback by about a tenth of 1% 6 spot 37 50 against the greenback again weakness on the mainland with the Shanghai composite down two tenths of 1% in Hong Kong the hang Tang holding onto a slim gain let's call it a tenth of 1% We had eco data for Japan earlier contraction in the economy doing during a Q three not a big surprise but the magnitude of the contraction was a little greater than the market had been discounting negative 3% street was looking for a loss of 7 tenths of 1% Now the bet is on a stimulus package this week Nikkei had four tenths of 1% and sold the Cosby right now rising by about 1.1% meantime in Sydney We've got the ASX 200 to head three tenths of 1% And the U.S. ten year treasury now in the Tokyo session down a little bit in yield where one 55 but I think Brian this is somewhat encouraging the numbers we're getting out of China today I think you can say that it's a sort of stabilized economy Yes it slowed down a little bit In fact one of the other numbers property investments So that's in addition to the fixed asset investment The property investment number was actually worse than expected and it was well down from the prior month But on balance these numbers are fairly steady fairly okay I was asking endocrine chief Asia economics correspondent view is expecting a downside surprise And he actually said no you know he's normally very sober but he was saying expecting maybe a little bit of an upside surprise and so I think we probably split the middle on that one on that All right let's get to Janet Yellen because the treasury secretary said that the key to lower inflation in the United States is addressing COVID-19 She spoke on CBS's face the nation When the economy recovers enough from COVID that demand patterns people go back to eating out traveling more spending more on surfaces and the demand for products for goods begins to go back to normal Treasury secretary Janet Yellen heard right here on Bloomberg she repeated her expectations for inflation to decline by the second half of 2022 Yellen's remarks follow a poll from The Washington Post and also ABC News the polls show that President Biden's overall approval rating is at 41% Now that's down from 50% in June and 44% in September It suggests that nearly half of Americans actually blame President Biden for the jump in the cost of living The consumer price index rose by a 6.2% rate in October compared to last year We're going to take a closer look at all this market action with our guest michio kumada of LGT Capital Partners Asia right after we update global news President Biden and Xi Jinping will be meeting virtually Monday night Washington time Let's take a closer look with that story and the rest of global news Denise Pellegrini and the Bloomberg newsroom Denise Thank you Doug You know the two have spoken before several times by phone but this is the first time it's being billed as a summit and Bloomberg Stephen engle in Hong Kong says Washington and Beijing are both trying to dial back expectations after a bruising time for Beijing during the Trump administration There's lots of issues geopolitical and economic to get through after those four years of the Trump administration which put China really on its back heels defensive and shut off most conversations And Angela also says the conversations about control of Taiwan will likely remain tense at that meeting What has officials are plugging for President Biden's massive $1.75 trillion build back better social spending plan Brian dies director of The White House national economic council We're confident this bill as it moves through the process is going to be fully paid for And not only that it's actually going to reduce deficits over the long term And desan ABC this week heard here on Bloomberg radio also saying he's confident the house will pass that bill this week and send it to the Senate Negotiators from almost 200 countries have clinched a breakthrough climate deal Delegates at top 26 in Scotland have agreed to cut coal use and fossil fuel subsidies It also boosts climate target sooner and UK prime minister Boris Johnson calls the coal reduction portion of this an unprecedented get A UN climate change conference has delivered a mandate to cut the use of coal power of co power generation And China and India did manage to get language on coal water down but not as much as some say they had hoped Another son Queen Elizabeth may not be well the UK's 95 year old monarch mister planned appearance today Buckingham Palace says the queen sprained her back China's COVID czar is defending Beijing's zero tolerance approach tens of thousands of students meantime are in lockdown in COVID hotspots in the country Austria is putting unvaccinated people in lockdown and Germany is being battered by a fourth COVID wave and troops are on standby to help a crisis meeting is scheduled for Thursday Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120.
Bloomberg Radio New York
"over year" Discussed on Bloomberg Radio New York
"How do you do that How do we take a question for you Do you know quite a few things actually dropped year over year and month over month You know what the biggest drop was Can you guess Airfare No No Sewing machines Sorry Well because there's no phone hardware and calculators Down 14% audio equipment was down 9% Given up doing the math This is news you can use I don't know So all of our viewers and listeners you're welcome Yeah sewing machines Okay so we do know inflation came in higher than forecast growth of inflation also picking up here I guess it all ties together I feel like one of the big stories today was all about supply chains everybody Jamie Dimon talked about it Everybody's talking about it Tim we were talking about it with a lot of guests Yeah the president is working overtime and we'll get all this done 24 7 Mostly for anyone Here's my question about that One how has this not been happening up till now right How has there been capacity that has been sort of left unused But the other part is where are they going to find the workers to work 24 7 here I know That's the hard part And I think it was really interesting in the president's speech earlier how we said he was going to call out the private sector Caroline if they didn't step up and for most of the earnings reports we mentioned they've talked about supply chain 3000 times I mean they're not trying to hold this back by any means Is it all overblown JPMorgan Jamie Dimon said it is He says is the media's problem We keep on talking about supply chain issues We keep on talking about inflation He's saying that's not really say that Holding that growth In fact we could just take a listen to him Let's listen to him Yeah Hopefully a year from now be no supply chain problem The pandemic will become endemic And I think it's very good to have good healthy growth which we have And I think we go down unemployment of 4% is good that their jobs are open I think it's good to waste loan And I think there's too much focus on and none of this changes how we run the business Jamie Dimon that of JPMorgan He's not worried but wage growth he talks about maybe you're going to have some wage growth particularly in the supply chain issues over an LA ports at least Yeah exactly Why does the media always get blamed for everything We're just reporting the facts If we just stop pointing out the problems there would be no problems Well said remain You know Confucius Our own Confucius All right we're going to do We'll be out at the ports next week but we are going to be there All right folks We've got to run That's going to do it for me on the bell Our cross platform coverage on radio on TV on YouTube We'll see you again Same time same place tomorrow This is Bloomberg businessweek with Carol matter and Bloomberg quick takes Tim's tennis on Bloomberg radio It is an interesting point and it is funny to hear the media being blamed I don't.
Adventures in Finance: A Real Vision Podcast
"over year" Discussed on Adventures in Finance: A Real Vision Podcast
"Trial and in the us equity markets are abundant however there is some economic data that could hint at some problems beneath the surface whether it's a slowdown or true deflation. Which of course is the reserves ultimate. Fear ash. I want to go to you because i'm just looking at the data today. We had jobless claims a came in at four hundred eleven thousand versus three hundred eighty thousand estimated so that was a miss worse-than-expected admittedly continuing claims were slightly better and the durable goods order month over month expected to be two point. Eight percent month of change. But it's actually came in at a very low or two point three percent. What are you making in terms of the economic data. Do you think that could could hint at a little bit of a slowdown. It's such an interesting question. And i was actually looking at the durable goods data myself. So here's what here's what happens. I actually went through and read the report from the census bureau to get a little bit more depth so so the range on this was a positive one percent to four percent. Consensus was depending upon which survey looked at generally around two percent Actual that i saw was up two point three percent. Now here's where it gets interesting. Prior month was down one point. Three percent revised down zero point. Eight percent if you look at the last thirteen months twelve of them were up here. The year-over-year numbers for may year-over-year. We're up thirty. One point seven percent last month april which was revised down to zero point. Eight percent the first number down one point three percent it was up forty five point six percent on a year over year basis. So what does all this mean. What's the context here. What is it actually suggest well. I would argue that. What it suggests is that it shows a economy that is clearly normalizing from the cove lockdown. And it really kind of makes you wonder. Are these data points that useful data points like this are very useful when you have a sort of sit steady state of economic growth or deceleration and you're measuring data points out relatively close. I don't know that they're really significant at all. Jack what do you think. I think that taken by itself two point three under herbals versus two point eight. You're you can't you know we've deflation narrative out of that data set alone..
"over year" Discussed on KSFO-AM
"And travel restrictions are lifted. Supplied, though, has not caught up with that demand. Fed chair Jerome Powell predicts that will work itself out and that the high inflation rate we're seeing won't last long. But bottlenecks, hiring difficulties and other constraints could continue to limit how quickly supply can adjust. Raising the possibility that inflation could turn out to be higher and more persistent than we expect. Overall. For now, consumer prices are about 5% higher than this time last year, the fastest pace since 2000 and eight Take out food and energy, which fluctuate more and it's the highest inflation rate since 1992, but we're seeing it for a lot of commodities, so copper prices lumber prices, Oil is up. Mark Zandi is the chief economist at Moody's Analytics. And industrial goods, in large part because of global supply chain disruptions related to the pandemic. We're also seeing big price increases, uh, in Industries that are just normalizing, getting back to pre pandemic kind of pricing, like the airline industry or the rental car, business or restaurant prices. They're just getting back to where they were. So that's where the biggest price increases are, at least at this point in time. How much of this is a mirage? Some prices dropped at the start of the pandemic was If you look at the year over year inflation, obviously it looks like it s possibly worse than maybe it really is. Is it a function of that, Or is it still higher relative to what we were paying for things before the pandemic? Inflations up, but it's not your right. It's not as up as uh, to the degree is the the year over. Your numbers suggest that's because if you go back a year ago, obviously that was the teeth of the pandemic. When businesses were shut down into slashing prices to Jerry any kind of demand they could. So when you compare it to what happened last year inflation what's really, really high? It's not, but it's still up. Nonetheless. I mean, there still are a lot of disruptions out there that are Making it more difficult for producers to produce and the result is higher prices. You know, I don't think you're going to be here by the end of the year. It's really by this time next year. I think prices will come back in. But you know it's uncomfortable certainly now and for the next few months. Just looking at the politics of it. The Biden White House says. Look, there's just this is a validation of our policies. It means that demand is up. Republicans are saying, Look, it's Jimmy Carter. It's the late seventies all over again. Um How much do President's policies really affect things like inflation and gas prices? I mean, you're saying it's mostly due to the supply chain. Yeah, this is the pandemic, right? You know, the pandemic nailed the economy. The businesses had to shut down and And things went dark for a while and now we're opening reopening and Marie opening very, very rapidly. Demand is surging as a result. And she's taking a little bit of time for manufacturers and homebuilders and all kinds of businesses to turn the lights back on and start getting back up and running at full tilt. So you know, it's demand supply. You get a big surge in demand supply hasn't kept up quite yet. And so you get this price jumps that supply will catch up. You know, businesses can make a lot of money here. You know they're getting a really good price and then Figure out how to ramp up activity at the same time, you know, people who are buying stuff we're going to respond to. They're not going to going to adjust. Like home builders are already trying to think of ways of, you know, building homes with less lumber. So we're all doing that for the things that we're paying more for, so demand and supply adjust and Suspect by the fall and again By the end of the year, the prices will come right back in. How about home prices? They've been basically out of control. People are People are looking to buy. It is their housing shortages that being exacerbated by the lumber shortage, which you know will work itself out within a year. We'll demand for housing has gone skyward right because mortgage rates have gone to Record lows. I mean, you're still close to 3% for 30 or fix. I mean, that's just, you know, incredible an incredible bargain. And then work from anywhere dynamic that was created by the pandemic. Also, you know, juice things up in that got layered on top of a very severe shortage of of homes, particularly affordable homes. Lower price middle price point homes. You know, they never really got built any significant Korea after the financial crisis, so it's confluence of things that are, you know, come together and created a surge in prices. But, you know, I I do think it once mortgage rates start to push up a little bit. They're already starting to push up. You can kind of feel demand is already starting to weekend because of the affordability issues. And, of course, the bills are now responding because they can make money. Even with these higher number prices that can make a lot of money if they're getting more supply, so we all see, I think House price growth also moderate. I think, of course, is going to happen here is is a big economy does reopen and work from anywhere dynamic does start to unwind. At least some degree people start going back to New York and L. A and in San Francisco that's going to take a look. Did you sell the market so I would expect House price growth through too slow and some some of the most active markets may even see some press too quiet. Gas prices. Some analysts are saying. Look, I see a big energy spike. The next 23 years. Do you agree? Disagree. How come No, I don't because there's a surfeit of oil capacity out there. I mean, prior to the pandemic, the Globe was producing 100 million barrels of oil a day got down to 90 million barrels a day because the main collapsed during the pandemic. Now demand is right back up. Uh And so we've seen oil prices come back up. But you know these, the producers of oil, particularly big global producer, Saudi Arabia, Russia, They're only slowly being bri bringing back that that capacity. They took off line back online because they're enjoying these higher prices, But the higher prices will ultimately get them to open up the stick it Get more oil will go back up 200 million barrels a day. And, you know, I think oil prices will come right back in just to give you a number. Oil today is going for, you know, say 70 75 bucks a barrel you know in, you know, with everything kind of IRS itself out. Should be back down to around 50 55 bucks a barrel. So that means the difference between a gallon gasoline, regular unleaded going for over $3 a gallon to something less than $3 ago. Okay, even with summer demand, it'll just keep it work. It's about Yeah, I'm kind of distracting from the vagaries of the You know the seasonality here. Yeah, you might see, particularly this summer because everybody wants they want to go out to..
"over year" Discussed on WBUR
"Need a big chunk of change, let's say they want to go buy a car are put down money for a house. They need to go into those stocks those assets and sell a big chunk of them and when they sell, they actually do pay a tax. It is called the capital gains tax. Right now, the capital gains tax is less than an income tax for most people For a really, really rich person. It's about 20%. So let's say you bought a stock for $20. You sold it for $30. You have to pay tax on the $10 game, so you'd pay $2. If your tax bracket is 20% of capital gains. Now, Bezos is different. Because he has so much money. He doesn't have to sell anything to come up with a big chunk of change that he might need to purchase something like his Eighth House. And that's why the Propublica article was so interesting because we learned from that how he can be buying all the things we see him buying and still paying zero in taxes. Okay, So why don't you walk me through that? How is Bezoza actually doing it? So let's say Jeff Bezos needs $100 million to buy his next big house. You know, he could easily sell $100 million in stocks or bonds to come up with that, but he doesn't want to pay taxes on the sale of any of those assets. So what Jeff Bezos gets to do is go down to his bank and say, Hey, you know me. I'm good for this money. Could you give me a low interest? $100 million loan? I have the collateral. Here it is. Give me $100 Million and the banks are perfectly happy to give Jeff Bezoza $100 million. No problem. And not only do not have to pay a tax because you didn't sell anything to get $100 million. You actually get to write some of that loan off your taxes. That's the way the tax code works. That seems like a pretty big loophole in the tax system. It is and Not only by not selling is he avoiding capital gains tax on the sale. He also gets to keep his assets intact and those assets keep growing in value over a year over year over a year and his wealth Grows and grows and grows and is never taxed as long as he doesn't sell it. Under the U. S tax code. You only pay taxes when you sell something, so just don't sell anything. But he does have to pay off that loan right for his $100 million house. So how does he get the money to do that? Does he have to liquidate some assets to do that? And then wouldn't he need to pay taxes on whatever money he gets from that? Remember, he does have some income coming in. He's got that $81,000 salary so he can pay off, you know, on monthly installments. Some of these loans The other thing he does, which is what a lot of rich people do is you take out loans to pay loans, So you keep rolling over debt. So let's say your big loan bill comes. Do you go to a different bank and say, Can I take another one out? And in fact, every time you do that, you're actually decreasing your tax burden that much more Because all of these, these lending transactions are many of them are tax deductible. How common is this? I mean, is your average wealthy finance guy doing this? Or is this just Jeff Bezos? I think it really applies to the really mega rich a doctor might be worth Tens of millions of dollars. But for that, doctor, A lot of these transactions would be quite expensive. You know, every time you go down to the bank start free, and you're also paying Lawyers who really know how to do this. Now that legal bill for Jeff Bezos is nothing but that legal bill for a doctor would be probably prohibitive. And I don't think you see this. As widely as one might think, right. So for Bezos, he's thinking to himself, okay? I need all this money to live. Can either pay myself a big salary from Amazon, my company and pay income taxes on that. Or I can sell off a bunch of stock that I own and pay capital gains taxes on that. Or Can ask a bank to give me the money untaxed based on the fact that I have all of these growing assets kind of a no brainer. Yep, that's.
Sci-Fi Talk: The First Season
"over year" Discussed on Sci-Fi Talk: The First Season
"Directed his first film pastor brown. Yes keep david and david to keep his michael to. Yeah so and we just had a had a great time salli. Richardson was wow So we had a great time shouted down atlanta. And i am always inspired by those guys. I met Tyler purry who. I think he just finished a movie with dates. And oh alfred woodard. And he's sort of you know raising the level of his film and and i really you know is great. Because they didn't wait for the studios a they you know. They created themselves and i think that's what needs to happen. I mean writing is not something new for you because you've been writing looking for writing pretty much as soon as you're able to pick up a pencil. Yeah yeah. I've always sort of written but now you know really sort of focusing and And taking it a little more serious than saying okay. Let me let me stick with this project. As opposed to get excited. About saying. And i'll and i'll take notes. And then you know i have to leave the country. I have to do something and it gets put on hold and you know ten months later. i'll go. Let me come back to that idea. Try to stay on. Task is Is the key right now. George dragons ziebel coming out next. That'll be next year. Oh nine Think out out but final approach. I mean this is a this is a good ernie hudson part boy really deliver as always. It was thanks. Yeah it's Yeah it's it's fun and You know we did it Finding a little over year ago. So i've let's sure when they were going to release it so it's nice. It's getting out there where people can see it and dvd too. Which is nice. Yeah i mean you. Dean really had some good good conflict seeds in there to you both mixed it up pretty well. Yeah yeah he's great. He's good andina and there was a lot of things that were pretending to the headlines. These days of course and and how that affects send day and you were also spared not having to shoot on the plane but did the helicopter stuff. You're the helicopter stuff. Yeah i was actually thankful to be on the plane. Well i really wanna thank you. I know you have to go. And i really appreciate you taking your time after you take my pleasure. My pleasure always admired your work and any accurate that can kind of you know kind of glide and exists in all different. Worlds is pretty cool. I mean that's not as easy as it sounds. So i really appreciate that you can do that. Thank you so much until next time. This is joanie to lonzo..
"over year" Discussed on WBAP 820AM
"Gas prices have gone up over this time last year, 18 Year over year levels climb now Texas Bank three cents more than we were a year ago, the average statewide to 16 in Dallas Fort Worth, We saw the price shoot up about a nickel on the week 2 to 18. Daniel are Brewster with Triple A says that of the major metropolitan areas surveyed in Texas driver's in Abilene are paying the most at about 2 36 wild drivers in the Sherman Dennison area are paying the least at $2.5 per gallon. Fiercely divided House has tossed representative Marjorie Taylor Green off both her committee's It was an unprecedented punishment for the chamber, and it reflected Democrats outrage. At the hateful and violent conspiracy theories she has helped spread all but 11. Republicans voted against the Democratic move, but none of them defended her lengthy history of outrageous social media post. That illustrated the ticklish political spot. Green put her party in forcing them to declare whether they should punish or condone a lawmaker who is a close ally. Former President Donald Trump. Denton County Public Health says the UK Corona virus variant has been confirmed in that county. The period, which is said to be 70%, more infectious than the original cove in 19 virus was found in a person with no recent travel history outside the U. S. No further information was released. But Denton County Judge and he eats stressed the importance of continuing CDC guidelines for.
"over year" Discussed on MyTalk 107.1
"You don't spring ahead, Want it kind of Eventually over years make it Wrong where it's you know, dark when it shouldn't be. I don't know about that. But I That's why I always thought it was done. Okay, That may be kind of way You guys were saved Confusing, but all rights on this particular exactly issue but I I understand how like Theoretically in the head. It's hard to like, wrap your mind around, but really nothing's changing. Race, and we didn't used to do this until the modern age. Right? What is the point of it? So the point of it? Thank you for your call, by the way, Jessica, But the point my understanding is the point of daylight saving Was when we depended on, um, farming in a different way. The the changing of the clocks was meant to extend the day. For people who are farming the land and now we have a lot of machines that help farm the land in a different way than we did. You know, we're just not a agrarian society any longer. We're you know, completely industrial? Yes, Post. You know, I mean, it's not to say that like There wasn't a reason for it at the time, but now it just seems a little outmoded. It was meant to give more daylight hours to the work day for people who worked the fields. That's my understanding of it. And we just don't need it in the same way anymore, And it sounds like we'd have world peace if we had If we could stop switching your clocks back and forth. Let's go the phones. Okay, Who also do you have in mind? Let's go to tear high terror. Here. How do you feel about the switching of the clacks? Well, I have to agree with you. Um, Colleen, I I don't mind this dropping it. In the fall. Um you know, it's going to be called. It's gonna be dark. Who cared? Uh, um, but in the spring, you know to lose that our right I don't like that. I mean, you know when you go into spring and summer You're still doing stuff at 89 o'clock You wanted right out you want. I mean, especially, you know what? What would we have done while we were in lockdown Had, you know it's been darker earlier. And I would have put Ah, bit of. Ah, kibosh on things, right? I hear you. Thank you Tear for your call. I just think we'd be doing what people in Houston do. You know, I think what the place where we get stuck is the idea like time time is made up. So Really like we would shift our day Tol accommodate the light, right. So, like I understand, you know we but were attached to the time. We'd still have the same amount of daylight. It's just it would be a different time. It would just be a shift. Exactly. Yeah, man. Don't think too hard about a kid's Ali. Can we take one more call? Let's have Denise have the last say on the wall. Hi, Denise. Denise, How do you feel about the switch Rooneys of the clock? You know, I don't mind it. It's not a big deal to me. I like the fact that you know when we spring ahead We don't have, like a sunrise that like four AM, but yeah, I actually don't mind it so I don't care either way, all adjust. I'm flexible. But I like the public. It is. You are the perfect Minnesota. I was gonna say like, especially after the last year we had. I don't care. Whatever is like the sun comes up with something. Do whatever you want. E just I think this is one of those chances where we finally could break free from some random thing that doesn't have particular meaning in our lives actually is attached to it. That's what I want to know. Do you know what I think? I bet there are people who aren't necessarily attached to it. But change scares the bejeebers out of them. We've and so they're like, I don't know all the sudden by the end of next year, the world's gonna end because we stopped the daylight saving. They fear change. I fear change. When we come back on the Colleen and Bradley show, we got to talk about Jane Krakowski. Um there's some people who think they know how that my clindell rumor got started, And we're gonna be helpful on that. After this on my talk one of 71. Nothing but good times getting up with Jason and Alexis. Hot baguette with brute cheese, or you're out of your head since Monday. You're out of bread, Kenny since Monday. Yeah, I had bread. Listen, which is for dinner last night. Was that just like a ham? Roll up? Yeah, I'm eating the cheese and a pickle. Oh, cute and nice. Very very sir, from tears from my dad. It was a ham roll up is what my dad used to call me. Jason and Alexis. Listen, life or podcast it any time at my talk one of 71 dot com or.