35 Burst results for "Twenty One Percent"

In Marketing Misstep, Sherwin Williams Fires TikTok Paint Sensation

Business Wars Daily

04:21 min | 2 d ago

In Marketing Misstep, Sherwin Williams Fires TikTok Paint Sensation

"Well sherwin williams america's biggest paint company. Just got its comeuppance from a tiny florida rival and tiktok loving college kid and embarrassing. Faux pas by sherwin williams is very example of a culture clash between behind the times corporate america and gen z creativity. Now perhaps like millions of us stuck at home. You've been on a painting bench. Come on admitted. Maybe you've even seen tony pilarcitos. Tiktok channel tone stir paints until recently the ohio university business student worked at an athens. Ohio sherwin williams store a job. He loved in fact he so excited about paint that he started a tiktok channel on which he simply mixes paint typically with hip hop music playing in the background watching pilo saito. Mix paint whether it's a custom gray for sherwin williams shopper or the viral video in which he tents paint by mixing in real. Blueberries has proven to be oddly mesmerizing and incredibly popular. The paint mixing artist has more than one point. Two million tick tock followers. His short videos routinely receive half a million likes or even more. In fact it took pilarcitos knows. Tone stir paints virtually no time to go viral. According to buzzfeed the sixth video peterson ever posted got more than a million views. So pilo oh did what any enterprise in college senior might do. He whipped up a presentation for sherwin williams marketing department with such a huge following. Figured he could show the eighteen billion dollar company. A thing or two about using tiktok to attract younger jen's e shoppers alas. His plan backfired for a while. Anyway rather than using enthusiasm about the million plus followers sherwin williams could have for free. The company fired him according to peel asano. The student told his story. On where else tiktok. He says sherwin williams marketing department. I ignored him but later they call the loss prevention department which accused lozano of stealing paint and making the videos on company time. He admitted to making some videos while on the job but says he purchased the paint. He used no matter. Sherwin williams accused him of gross misconduct including quote seriously embarrassing the company or its products at age reported One could easily argue that sherwin. Williams has its marketing covered and doesn't need any rogue creatives on its payroll. The paint giant suffered a bit during the early pandemic lockdowns but since then has surged with home sales renovations and diy decorating projects on the upswing. We all seem to be buying paint along with flour booze and toilet paper the today show points out. That's pushed sherwin williams sales up about five percent. The companies also persuading more and more customers to purchase premium paints as a result profits soared twenty one percent in the third quarter according to the motley fool. But this sort of publicity. Well that's not something. Any company would want news. Appeal san hose firing elicited disdain on social media on twitter. One observer said some not so nice things about the presumed age of the marketing department. Staffers hello baby boomers and added that they quote missed out on cutting edge marketing campaign for your products. That's why bear painting. Kelly moore paint or going to outsell. Y'all close quote and industry publication adage pr executive andrew cross of agency walker sands cross said sherwin williams sent a signal as loud as it was unintentional that employees. Who do what they're told or more valuable than employees who think outside the box out cross added that the company had quote stifled ingenuity sherwin. Williams rivals are the biggest beneficiaries of the outrage. And they were quick to take advantage of an opportunity. Lost piano says he received job offers from bear. Benjamin moore and other major paint brands but he chose a role with regional chain. Florida paints the ohio university senior plans to finish his studies online provided he's not too busy. Establishing what will be his very own custom line of paint colors. Oh and uh keeping that tiktok channel up featuring colors only from florida paints. Saint story is now a marketing fables. Sure to be repeated in entrepreneurship classes at business schools everywhere and perhaps quickly forgotten on purpose in the boardroom and sherwin williams

Sherwin Williams Tony Pilarcitos Tiktok Pilo Saito Peel Asano Ohio University Athens Sherwin Lozano Peterson Florida Ohio JEN America Andrew Cross
Las Vegas Raiders face 'daunting task' with COVID-19 issues ahead of game vs. Kansas City Chiefs

Bet The Board

05:43 min | 2 weeks ago

Las Vegas Raiders face 'daunting task' with COVID-19 issues ahead of game vs. Kansas City Chiefs

"Kid city chiefs at eight point favorite leg. I said we'll get to that in a second on the road against the vegas raiders on this game. Fifty six and a half. We will have. John cheering on later. I'm sure he'll be able to explain whether slightly above the market pain. i have to believe. That's all covid related to be quite honest. The raiders defense in the contact tracing protocol. We're not quite sure. If i'm going to have to get called up to play safety and let me tell you my foot speed not enough to slow down tyreek hill and open spaces really wouldn't say i mean i might try and slew coming off the line. That'd be my only shot. so listen. I the raiders offensive game plan back in week five was good. Obviously but the halftime adjustments that. Paul guenther in the raiders. Defensively really is what i think won them the game. It's really what gave the chiefs offense trouble. You really hadn't seen that from the chiefs offense before during this. Patty mahomes like run especially against the defense of that caliber. You go back to week. Five in the second half. Kansas city was successful. Only twenty one percent of their snaps. One point to carry twenty eight percent success rate through their moms is pressured. A ton the raiders. Were able to do something in that game. They hadn't been able to do most of the season which is get pressure vegas. Twenty six on the season pass rush win rate and then obviously after a few good games. Recently where the raiders have been able to apply some pressure to quarterbacks. They've surged to an average defense in pressuring the week. Five game if you look at some of these numbers. Mahomes was pressured on forty. Seven percent of total dropbacks specifically from eleven personnel. Were kansas city. Essentially lives seventy three percent of the time moms pressured on fifty seven percent of those three wide sets. I would envision off the bye with the little extra motivation of not. Just losing to the raiders but but kansas city not being really happy about gruden and the gang taken victory laps around the the stadium there drivers using using the loudspeaker thereafter the week. Five win that Andy reid is probably gonna come with a pretty good game plan here and you know past the success that andy. Reid is hat off the bye. You mentioned this. The raiders are are probably going to be without a few key defenders but You know another handful of defensive players are going to miss practice all week due to this contact tracing. It's probably isn't the offense that you wanna face short handed in in pissed off and not having practiced to four. I would think. I also believe we'll probably see a little more play action for mandatory. You know patty mahomes in the chiefs past game will probably fair little bit. Better here with play action. Especially if if the pressure starts to barrel down. I would also think that it's worth mentioning that three chiefs offensive lineman or on the cova the list it's believed to be contact tracing but we'll have to see this certainly make this game a little bit different. If if all three of those offensive lineman are out. You also expect sammy. Watkins to return in this game us a full practice participant on wednesday so he should be a full ghost that they're gonna have their their complement of weapons out there. The number in this thing is is really interesting. But i think that this tougher makes a lot of sense. I i just don't see. Kansas city's offense not bouncing back here in a major way talk. i mean. They're playing with a chip on their shoulder. Which is always dangerous to begin with. We've seen their passing offense. That was more a work in progress. Probably the nicest way to put it early on in the season and no doubt that was by design. Get on track with mahomes during for more than eight hundred yards the last two games when you look at the way. Mahomes performed against the raiders. Fifteen total touchdowns just two interceptions one of them of course coming earlier this year the chiefs loss as a double digit home favor and i think it's pretty staggering to know what costs kansas city. That game is the fact that hey look. They finished a net negative minus sixty four in terms of rushing yards. The raiders held the ball for nearly eleven minutes longer and kansas city knows that they can hit the home runs. That are widely available. If they keep mahomes operate i think. The raiders passing defenses. You mention it may trending in the right direction. There's no doubt a lot of optimism out here around the raiders especially on the defensive side of the ball. This is a different beast that they're going to try and counter and with sammy watkins back amongst others. I just don't know where the raiders consistently find a way to get off the field. I agree with that. And i get it. You have to young corners in trayvon mullin in our net and people are thinking to themselves like. Hey we're trending in the right direction. We're starting to get some pressure. Would you look you play at the browns. The total is suppressed because of weather and wind. You're at the chargers. It's likely a a lost game. If two guys can hold onto football on the back corner fate and then the broncos last week and drew lock was clearly injured after taking a hit in the second quarter but you could have been trailing at halftime in that game so listen. I think the raiders are better than we all expected. You look at who they've lost to. It's it's the bills box and patriots. All pretty good teams obviously bucks in bills being very good patriots. You know with bill tough spot. There is well off the monday night game traveling across the country. So i get the by of the raiders. I just need to see more defensively to believe it's real and so that that's kind of where i'm out on that unit. I fully expect kansas city to do some good things here. Offensively

Raiders Chiefs Mahomes Vegas Raiders Paul Guenther Patty Mahomes Kansas City Gruden Andy Reid Vegas Reid
Amazon opens online pharmacy that delivers prescriptions

Behind the Numbers: eMarketer Podcast

03:51 min | 2 weeks ago

Amazon opens online pharmacy that delivers prescriptions

"Amazon launching an online pharmacy customers will be able to buy prescription medications through a new store on its platform code amazon pharmacy. So now when you're at the doctor you can ask them to send prescriptions to amazon pharmacy. Just like any other retail pharmacy. Like you did before. It accepts quote unquote. Most insurance plans poll amazon launching. An online pharmacy was the points. What could possibly go wrong. There are two aspects of the recode article that used santos marcus that i thought were interesting. One is the fact that a lot of things that we didn't anticipate buying through amazon. Now we do so routinely. So i think that bodes well for prescription drugs being part of that but the other part that concerns me quite a bit is the just the number of knockoffs and how unregulated the amazon marketplace. Seems to be at times mock I would never bet against amazon in anything possible. Hitch in this. Is that the prescription. Drug markets skews toward older consumers. They they're the ones who who need this stuff more and that on average somewhat less comfortable with ecommerce younger people had the a lot of The pandemic learn to deal the e. Oh so that that's favor. But i'd be astonished if this flops blake yet had mark's got it exactly right. It's sort of the logical next step for amazon. Now that the pandemic has gotten older generations. Used to shopping for essentials online so sort of the next step beyond grocery in every other day household essentials and this is the age group that they're going to need if they want this to be successful so i think the time is right. Context on this story is comes about two years after amazon com susan company pill pack for seven hundred million dollars is also made other moves into the health space. Health insurance space amazon. Berkshire hathaway and j. p. morgan chase in twenty. Eighteen launched a joint health care venture code haven. We've yet to see where that's going to go. I'm was prime. Members will of course be able to save money paying for medications generic and off brands without using health insurance which is interesting. that's just chace took hit following the news. Drugstore companies like cvs and drug distributors like cardinal health. This will no doubt as well as vice out of walmart target costco's pharmacy businesses to joe this album praying and sharon tell up the wall street journal noting quote. Most americans still prescriptions at the traditional drugstore. Us prescription drug sales at pharmacies was over three hundred billion dollars in two thousand eighteen coins health research firm. A via nearly four billion prescriptions filled each year in the us in march. Mail order prescriptions. Mail order prescriptions. Were up twenty one percent from the previous giving them a six percent slice of the prescription drug market. Hi shannon lost two years. According to suntrust robinson humphrey. Wasn't there a time not long ago when there were a lot of rumors about amazon getting into not the prescription drug business but healthcare coverage insurance coverage. Am i imagining that. Or i might be the time with the two companies haven joint venture with halfway and j. p. morgan chase. So they got together to basically trying to put together some kind of umbrella coverage for all three companies. And somehow i pulled on everybody's sources provide coverage for all of their employees. I think that might be the thing. Maybe i i guess. I was on the impression that it was more comprehensive than just those companies and that they were basically going to try to roll out like you know obamacare. You know amazon care but yeah whether they were going to roll the roll that out to other companies as some kind of a model yet to be seen but i think with their own folks

Amazon Morgan Chase Santos Marcus Berkshire Hathaway Blake Chace Suntrust Robinson Humphrey Susan Costco Walmart The Wall Street Journal Sharon JOE United States
FBI Report: Bias-Motivated Killings At Record High Amid Nationwide Rise In Hate Crime

TIME's Top Stories

02:27 min | 2 weeks ago

FBI Report: Bias-Motivated Killings At Record High Amid Nationwide Rise In Hate Crime

"Nineteen saw a record high for reported hate crime murders in the united states according to the annual hate crime statistics report released on monday by the fbi. Hate crimes are described by the f. b. i. as an offense motivated by bias toward race ethnicity ancestry religion sexual orientation disability gender and gender identity fifty. One people were murdered as a result of hate crimes in two thousand nineteen more than double the number in two thousand eighteen and the largest figures since the federal government began tracking the numbers in the early nineteen nineties. This total includes the twenty three people who were killed in the el paso mass shooting last august. The suspect patrick crusius is facing federal. Hate crime charges overall. There were seven thousand three hundred and fourteen hate-crimes with eight thousand five hundred fifty two victims reported in two thousand nineteen by law enforcement agencies. Who sent data to the fbi. There was a two point seven percent increase from two thousand eighteen and a reversal in what had been three years worth of reported hate crime. Incidence declining the fbi's report is another reminder that we have much work to do to address hate in america southern poverty law center or espy elsie president and ceo. Margaret wang said in a statement each of these incidents represents the targeting of an individual or community for violence or vandalism because of their identity or personal characteristics more than half of the offenders in the crimes cited targeted individuals because of bias against their race. Ethnicity or ancestry as was the case allegedly for crusius twenty one percent of all the crimes are motivated by a bias against religion and sixteen percent. Were motivated by a bias against sexual orientation among the rises seen in the statistics in two thousand nineteen. There were five hundred. Twenty seven reported anti hispanic hate crimes up from four hundred eighty five and two thousand eighteen. There were nine hundred and fifty three report. Crimes targeting jewish people and jewish institutions in two thousand nineteen up from eight hundred and thirty five in two thousand eighteen. A slight decrease in crimes against african americans was apparent. Meanwhile with the total hate crimes reported dropping from one thousand nine hundred forty three to one thousand nine hundred and thirty but while the fbi's data represents the most detailed study on hate crimes in the us advocates believe it still falls short of capturing the true extent of hate crimes rather hate crimes. Are consistently underreported wang says. Since a large portion of police headquarters and agencies are not mandated to report hate crimes out of the fifteen thousand five hundred and eight law enforcement agencies that participate with fbi crime data collecting only two thousand reported at least one hate crime in two thousand

FBI Patrick Crusius Espy Elsie Margaret Wang Crusius America Federal Government Wang
Apple earnings grow even in coronavirus pandemic

Daily Tech News Show

04:33 min | Last month

Apple earnings grow even in coronavirus pandemic

"A normal year, it was a bad quarter for apple. You heard that earlier when Sarah was summarizing all the the big tech earnings profit down seven percent over last year iphone revenue down twenty one percent but for a corona virus quarter. It was received well, revenue overall for apple was up one percent and acknowledgement that the new iphone didn't come along in this quarter like usual meant that people are like, okay. They normally have an iphone in at least for part of the quarter and they didn't this year that's GonNa make a difference. This I think is also an early look at what life will be like in a world where phone sales just flat out. Where people just aren't really buying phones all the time similar to what we do with laptops and tablets now. Apple will be able to occasionally pick up the slack with occasionally peaks of it's already flattened product lines. We have examples here ipod revenue was up forty six percent Mac sales up twenty eight percent though sales are a little juiced by lockdown needs more people needed laptops and tablets than usual, and they won't always be there. But Services is what apple says is its future and lockdown juice or not services picked up big time for falling iphone revenue twenty one percent down revenue in iphone should have been a disaster, but they were up one percent overall. Why is that well in part? It was services revenue being up sixteen point three percent. They made fourteen point, five billion dollars on services that made it the number two revenue generator for apple to the Iphone, which was twenty six point four billion services recorded an all time high of five hundred eighty five million paid subscriptions growing by one hundred, thirty, five, million year-over-year on track to reach six, hundred, million by the end of twenty twenty. There was some bad news in here though China was not good news net sales grew year-over-year in every market except China. China revenue for Apple fell from eleven point one, three, four, billion to seven, point, nine, four, six, billion. But Services is the future. A whole lot on services in China because it's harder to do services in China and apple just launched its apple one subscription plan which bundles it subscriptions, and a monthly prices from ten dollars to thirty dollars a month they got three tiers in there, and that's going to bring in more subscribers as well and get people to pay a little more money. And they're not done their CEO Tim Cook on the earnings called. This year has a few more exciting things in store which I want to make. It means apple silicon. CAN'T TAKE IT MR Cooke I've had enough. So a few things here, Tom, you said ipod. IPAD but IPAD revenue is forty six percent anish epoch, right? Yeah. I. Know You're. Very. Yeah I revenue generating kissing. Confuse anybody I had revenue being up forty six percent Mac sales up twenty, eight percent. Both of those are like, okay. People are at home. There that well, first of all, there wasn't a phone to buy but even if there was like. Yeah I'd like we got a you know, let's let's think about how we make the most of our current situation because most people are hanging out at home much more than they had in the past that. Makes Sense to me. The numbers are pretty impressive though but I think that you bring up a good point about the phone sales flattening out flooding out, and let's take the pandemic step even out of the equation you just you're going to get to a point like you said with laptops and tablets where enough people who want them have them and they're only gonNA buy a new one if something goes. Wrong or you know three to four years go by and you'RE GONNA get slow in sales on that kind of model yet. I, think that is definitely the case when it comes to phones. If you think about you know smartphones, they've been around for a long time, but they really haven't been around for that long and when he first came out every year or every other year, which is more. People generally upgraded their phone. Every couple of years will you would get a new compared to what came out two years before wasn't Bajic. And, probably, for the last three or four devices that just hasn't been the case now that they absolutely are putting their, you know their toe into the camera, but the cameras are getting so advanced that people just aren't using net. Into really into photography it's like you know a lot of photographers are still going to get their DSL ours their meritless cameras and all that kind of stuff. So now your phone is just something that well, when I need a new one, I'll get one

Apple China MAC TOM Sarah Bajic Tim Cook CEO Mr Cooke
What Economy Are You Voting For?

Planet Money

06:47 min | Last month

What Economy Are You Voting For?

"Pandemic policy ease economic policy. So let's make the first thing we discuss what is Joe Biden's pandemic policy as it relates to his economic policy. Sure. So Joe Biden is very much focused on containing the corona virus. Yes. He wants badly as any of us do for there to be a vaccine and pharmaceutical companies to stay at work on that but he also is saying look until then make sure that we have the virus as reigned in as possible, and here's a line actually from his website. That really struck me says, Biden believes we must spend whatever it takes without delay to meet public health needs and deal with the mounting economic consequences i. mean he's really saying one can't happen before the other you can't have the economy bounced back without corona virus at least to some degree really hemmed in. So to do that, he's encouraging a lot of. Things like mask wearing that sort of thing more testing. But one other thing he has said is that the CDC Centers for Disease Control needs to come out with clear guidance for states and localities on. Okay. Here's what you should be opening and when based on how Corona virus looks in your area. So of Corona virus is really bad maybe you shouldn't. Have Schools Open right now indefinitely, not restaurants or concerts or whatever. But if things are looking better, maybe you can open schools. But what he's saying is this is not necessarily an all or nothing thing but we need clear guidance from scientists on exactly what to down in one. So it's fair to describe this as a somewhat detailed approach as opposed to. Thinking of it in binary terms like everything locked down or everything stays open, it's an attempt to find out. Okay. What are the details that matter and then let's apply those on a situation by situation basis right I mean the way he makes it sound as nuance, but also to some degree simple or at least clear like, yes, there might be gracious between. States, but we at least want to give states some sort of guidance on exactly what they could or should be doing in one. Let's go on to the second part of his economic policy agenda that we're talking about here, and this has to do with Joe Biden's proposed spending programs, which are a lot higher than say what Donald Trump is proposed. So why? Don't we get into that what? What is Joe Biden proposing spending money on? All right. So the umbrella that he has put all of these policies under he is calling build back better. Well, I've heard better alliterative strokes of genius but fine we'll stick with that build back better and what's in that this isn't about marketing card if this is about economics so. The first is manufacturing making sure that there are more manufacturing jobs and he's clear on this. He wants them to be unionized manufacturing jobs. And also to make sure that there are supply chains here in the US to make sure people can get the goods they want, which is something that we have seen laid bare a bit by Covid number two green infrastructure. So yes, he wants to build roads and bridges the way that we think of infrastructure pretty traditionally, but he also wants to make sure that lower pollution methods of transportation for example, are encouraged like light rail's in cities, electric car production, that sort of thing. Three racial equity. Close some of the really gaping economic gaps that we have between races and ethnicities in the country and I know you guys have reported on this on your show the very big for example, unemployment gaps between black Americans and white Americans also Hispanic and Asian Americans there are some huge gaps there likewise the big wealth gaps and finally caregiving he wants to make sure that people are able to get quality and affordable care for their kids and also for their older relatives when they need it. Yeah that. One's interesting Tesla Memorial. The approach to cure giving that Joe Biden is pursuing here sir, and this is really a of course important right now because Kovic has shown us as we're all staying home and his kids are not at school that caregiving is a really important for people to be able to do their jobs and participate in the economy, and in fact, we've seen people falling out of the workforce because they didn't have access to childcare and elderly care. Yes. Most definitely. So what Biden is proposing? Is Pretty ambitious I mean what he wants to do is universal pre-k available to all kids. He wants there to be higher pay for childcare providers. He wants them to be able to unionize collectively bargain and he wants to grow the number the supply of childcare establishments around the country to make sure people can get that childcare aside from that in terms of spending and making it more affordable. He wants to make sure there are refundable tax credits to low and middle class families to help them. Pay For childcare. So that's a lot of stuff and child care. I know you know it's a complicated thing to make sure everybody can get it to make sure there's enough that it's high quality that it's affordable. So it's a tough needle to thread, but this is his attempt at doing that. Okay and let's get to the third part of the agenda, which is sort of the flip side of the spending, which is where are the tax revenues to pay for some of this spending gonNA actually come from. People in corporations moon that's it. We're done next on you. Okay. So it's not gonNA come from middle income or lower income folkston is what Biden missing right so what he wants to do is raise taxes for households with incomes above four, hundred, thousand dollars a year limit their deductions, and also he wants to increase the top corporate income tax rate from twenty one percent where it is now to twenty eight percents. Now, president trump, you'll remember lowered these. Taxes with the tax cuts and jobs act that big tax bill that Republicans passed in twenty seventeen. So Joe Biden is saying look I wanNA roll a lot of that back I want to change things back now. So in terms of those income tax changes. Yeah. That would overwhelmingly, of course, the highest income people. There is some question about what the corporate tax plan would do I mean how much that would be knocked on if at all to. People at the lower end of the income spectrum, it's possible that it would be to some degree but again, you compare it to those income tax changes in it's nowhere near what a change those would be essentially looking at the last four years in saying I'm undoing some of this and I'm putting in place the agenda I prefer instead of the one that president trump has preferred, right? Yes. Now listen we're laying out all of these economic plans here's. What Joe Biden wants to do would do in his perfect world has theoretical I get everything I want world. But of course, he won't get everything he wants he can't. Okay. But what's your priority in violence cases are going to be green jobs? Is it going to be this tax plan is going to be childcare what does he do? I decide to spend all of his power on

Joe Biden Donald Trump Corona President Trump Cdc Centers For Disease Contro United States Tesla Memorial Kovic
What Is Bidenomics?

The Indicator from Planet Money

07:12 min | Last month

What Is Bidenomics?

"Three parts of Joe Biden's economic policy agenda with Danielle Kurtz Laban reporter on NPR politics team. Then now here's where I want to start. You said something interesting to me recently, which is for both of these candidates pandemic policy ease economic policy. Let's make that. The first thing we discuss what is Joe binds pandemic policy as it relates to his economic policy. Sure. So Joe Biden is very much focused. On containing the corona virus yes. He wants as badly as any of us do for there to be a vaccine for pharmaceutical companies to stay at work on that but he also is saying look until then make sure that we have the virus as reigned in as possible, and here's a line actually from his website that really struck me it says Biden believes we must spend whatever it takes without. Delay to meet public health needs and deal with the mounting economic consequences. I mean. He's really saying one can't happen before the other you can't have the economy bounced back without corona virus at least to some degree really hemmed in. So to do that, he's encouraging a lot of things like mask wearing that sort of thing more testing but one other thing he said is that the CDC centers. For Disease Control needs to come out with clear guidance for states and localities on. Okay. Here's what you should be opening and when based on how Corona virus looks in your area. So of Corona virus is really bad. Maybe you shouldn't have schools open right now indefinitely, not restaurants or concerts or whatever. But if things are looking better, maybe you can open schools but what he saying is this is not. Necessarily an all or nothing thing but we need clear guidance from scientists on exactly what to close down and one. So it's fair to describe this as a somewhat detailed approach as opposed to thinking of it in binary terms like everything locks down everything stays open. It's an attempt to find out. Okay. What are the details at matter and then let's apply those on a situation by situation basis, right? I mean the way he makes it sound as nuance, but also to some degree simple or at least clear like, yes, there might be gradations between states but we at least want to give states some sort of guidance on exactly what they could or should be doing in one. Let's go on to the second part of his economic policy agenda that we're talking about here, and this has to do with. Joe Biden's proposed spending programs which are a lot higher than say what Donald Trump is proposed. So why don't we get into that? What? What is Joe Biden proposing spending money on all right. So the umbrella that he has put all of these policies under he is calling build back better now I've heard better alliterative strokes of genius but fine we'll stick with that build back better and what's in that This isn't about marketing. This is about economics. So okay the first is manufacturing making sure that there are more manufacturing jobs and he's clear on this. He wants them to be unionized manufacturing jobs and also to make sure that there are supply chains here in the US to make sure people can get the goods they want, which is something that we have seen laid bare a bit by Cova. Number two is green infrastructure. So yes, he wants to build roads and bridges the way that we think of infrastructure pretty traditionally, but he also wants to make sure that lower pollution methods of transportation for example, are encouraged like light rail's in cities, electric car production, that sort of thing. Three racial equity he wants to close some of the really gaping economic gaps that we have between races and ethnicities in the country and I know you guys have reported on this on your show. The, very big for example, unemployment gaps between black Americans and white Americans. Also Hispanic and Asian Americans. There are some huge gaps there likewise the big wealth gaps and finally caregiving he wants to make sure that people are able to get quality and affordable care for their kids and also for their older relatives when they need it and that one's interesting. Tell us a little bit more about the approach to caregiving that Joe Biden is pursuing here sir, and this is really of course important right now because cove has shown us as we're all staying home as kids are not at school, that caregiving is important for people to be able to do their jobs and participate in the economy. In fact, we've seen people falling out of the workforce because they didn't have access to childcare and elderly care. Yes. Most definitely. So what Biden is proposing is pretty ambitious I mean what he wants to do is universal pre-k available to all kids. He wants there to be higher pay for childcare providers he wants them to be able to unionize to collectively bargain. And he wants to grow the number the supply of childcare establishments around the country to make sure people can get that child care aside from that in terms of spending and making it more affordable he wants to make sure there are refundable tax credits to low and middle class families to help them pay for childcare. So that's a lot of stuff and childcare I. Know You know it's a complicated thing to make sure everybody can get it to make sure there's enough that it's high quality that it's affordable. So it's a tough needle to thread, but this is his attempt at doing. Okay and let's get to the third part of the agenda, which is sort of the flip side of the spending, which is where are the tax revenues to pay for some of this spending to actually come from higher income people incorporations room. That's it. We're done. That's not okay. So it's not gonNA come from a middle income or lower income folkston what Biden is saying, right so what he wants to do is raise taxes for households with incomes above four, hundred, thousand dollars a year, limit their deductions, and also he wants to increase. The top corporate income tax rate from twenty one percent where it is now twenty eight percents. Now, president trump you'll remember lowered these taxes with the tax cuts and jobs act that big tax bill that Republicans passed in two thousand seventeen. So Joe Biden is saying look I, WanNa roll a lot of that back I want to change things back now. So in terms of those income tax changes yes that would overwhelmingly, of course effect the highest income people there is some question about what the corporate tax plan would do I. Mean how? Much that would be knocked on it all to people at the lower end of the income spectrum. It's possible that it would be to some degree but again, you compare it to those income tax changes in it's nowhere near what a change those would be essentially looking at the last four years in saying, I'm undoing some of this and putting place the agenda I prefer instead of the one that president trump has preferred, right? Yes. Now listen we're laying out all of these economic plans. Here's what Joe Biden wants to do would do in. His perfect world has theoretical I get everything I want world. But of course, he won't get everything. He wants he can't. Okay. But what's your priority in Biden's cases are going to be green jobs is going to be this tax plan is going to be childcare. What does he do? I decide to spend all of his power on right you've got to prioritize because you're not going to get everything you might not get anything you are true right? Yeah. But in speaking with you today tomorrow I am getting everything I want what a pleasure

Joe Biden Donald Trump Corona Danielle Kurtz Laban CDC United States NPR Reporter Disease Control President Trump
Microsoft Earnings Smash Q1 Estimates; MSFT Stock Wavers Late

Techmeme Ride Home

00:37 sec | Last month

Microsoft Earnings Smash Q1 Estimates; MSFT Stock Wavers Late

"Earnings q one revenue up twelve percent year over year net income up thirty percent year over year intelligent cloud revenue up twenty percent year over year Microsoft is seemingly another story of cloud gross powering strong earnings for a major platform server products and cloud revenue were up twenty, two percent azure up forty eight percent even office three, sixty, five revenue up twenty one percent but Microsoft might also be a story of doing well in Cova Times right Microsoft teams past one hundred and fifteen million daily active users up more than fifty three percent just since

Microsoft Cova Times
Netflix's Q3 demonstrates the dreaded 'pandemic pull-forward in demand'

Squawk Pod

05:04 min | Last month

Netflix's Q3 demonstrates the dreaded 'pandemic pull-forward in demand'

"Netflix's just reported in its worst ever earnings MISS INVESTORS BANS quarterly results from the streaming giant Jillian. Boston's on the West Coast this morning joins us with what went wrong in Q. Three. Was it Netflix's or wasn't the analysts Julia? How well expectations that were certainly high and then? Netflix shares today we see them plummeting on the biggest earnings myths and snatch flicks went public those earnings falling nineteen percent short of those analysts expectations now with Netflix. Of course, always about that subscriber number, it fell short of the companies already lowered expectations the company outages two point. Two million subscribers in the quarter in guided the addition of fewer subscribers in the fourth quarter then anticipated. Now, that's not all looking ahead to next year. NETFLIX's warns of some very tough comparisons but co-ceo hastings saying he's not concerned about competition we compete. So broadly, we compete for time against you know tiktok to as well as HBO as well as I tell really, the limiter for us is you know what's the quality of our service How often how many nights you say Oh my God I want to go to Netflix and and watch the next show. In contrast to Netflix snap shares soaring after beating expectations about twenty one percent beating expectations really across the board snaps revenue growing fifty two percent more than double the growth rate than analysts projected with a surprise profit of one cent per share that's compared to the five cents per share loss than analysts anticipated. Now, Becky what's really interesting here is that snap has really benefited from Kovin pushing advertisers to try their augmented reality ad formats and also guys there was a subtle dig at facebook sounds like they may have benefited from that facebook ad boycott well. Julius stay here we want to bring in another voice to the conversation as well. Rich Greenfield joins US right now he's of course, partner and Co founder light said partners and I want to start with Netflix's first. Then we'll get back to the snap story, but but Netflix, you say the real story here is that the bear story is gone. What do you mean these are disappointing numbers, but it does come after a very strong first-half for the company for for a subscriber ads. Yeah. Look look I heard the commentary that you were just talking about in terms of like the biggest. History of Netflix. But remember this is a company where again people are very focused on the subscriber trends and the subscriber trends in the first two quarters far out seated in terms of the beat far outside at Amiss here I think the real story that people should be talking about is that not only are they generating substantial free cash flow this year, but even next year as production is in full swing again, they're talking about that they may be at break even free cash flow and so the financing the sort of the bear thesis on Netflix for years was that they. Don't have the money to finance all of this content they're going to run into capital, they won't be able to finance. They won't be able to raise capital and that was sort of the the the bear thesis that's been ongoing for years and years. They're basically self financing now. So the view that Netflix has a capital raising issue is now gone, and if you start to look out over the next few years in terms of their pricing power and you're starting to move up price in Canada recently in Australia, we think the US will happen either in or early Q. One. Pricing Power and all of a sudden you don't have any cash flow needs in terms of having to raise capital. This thing's going to generate dramatic free cash flow and you're going to see the scale to billions and billions of free cash flow a year. That's what people should be talking about look beating lieutnant missing numbers is never a good thing for stock I get why it's down today make sense that it's down at Ted a huge run this year but I think this is more about consolidating as it continues to move higher. into. The point I think the company said on the call that if there had been another forty eight hours in the quarter, they would have met their projections or even exceeded some of the projections on this. But but when you see a pullback of about five point, three percent today does that represent a buying opportunity to you given how much the stock is already run this year? Absolutely because I think the thing that you need to be thinking about Becky is when you think about what's happened over the last sort Of like six weeks, what's really become clear one, the pandemic isn't just disappearing. You're seeing it flare up again in the US you're seeing flare up across a lot of Europe it even parts of Australasia like this is not going away. So we're all going to be more homebound or in terms of you know kind of entertainment activity for a longer period of time unfortunately over the course of the next six to nine months at the same time, the movie calendar has cleared out like all of the movie studios have. Essentially delayed all of their content two, second-half twenty, twenty one if not into twenty, twenty two, and so the path for Netflix's the runway has been completely cleared. They were going to be putting out movie after movie they've got a Ron, Howard movie hillbilly comes out in a few weeks an animated feature over the moon there's just a ton of content coming and really no competition and so I think that's GonNa really well,

Netflix United States Becky Boston West Coast Facebook Jillian HBO Julia Julius Europe Rich Greenfield Co-Ceo Hastings Kovin TED Australasia RON
The Surprising Truth About Environmentalists and Voting

Warm Regards

07:53 min | Last month

The Surprising Truth About Environmentalists and Voting

"Nathaniel I'm really excited to have you on the show today. I have never seen so much discussion about get out the vote efforts around a midterm election. So were really here. We're really happy to have you here in excited to have you on the show. Well thank you jacqueline and thank you Ramesh I'm I'm really excited to be here with you guys. So, do you do you feel like we're seeing something different in this election we keep hearing all these projections about how college students are really GonNa vote this time and You know the projected voter turnout is really high in various places and I think I just read an article that my home state of Vermont has something like a ninety two percent. Voter registration rate for the state, which is crazy. Awesome. So do you do you feel something's different? Are we going to see a shift from the from the recent past? Yes. I absolutely feel like something is different. A field director just told me about an hour ago that a million people have already voted in Florida so far as also voting. and they're in person early voting hasn't started yet. So all of these people are people who requested that ballots be mailed to them. And have already made them back in and just to put that number in context just to give you a denominator I think barely six million people voted in the twenty fourteen midterms and Florida. So the hot a million people have already voted mean something's going on now who are those people that I can't tell you? I can't tell you with whether these are young people storm in the polls or liberals or conservatives I don't know. But you're right that there's a new energy going on this time around. Suspending of demographics mean you focus mostly on on kind of an untapped group, the the environmental movements, and we often think of environmentalists is really active in terms of making lifestyle choices. giving up meat or dairy, or or abandoning abandoning your car for a bicycle that takes a lot of effort and a lot more than going to the polls. So my question for you is, how are we doing? Are we actually voting as a group? Jacqueline you you ask the the sixty four, thousand dollar question no, we're not we're not laugh. Yeah environmentalists awful voters. I'm not going to sugarcoat it. We. We've done a lot of research on this and it's pretty easy to measure because weather you vote or not, and a lot of Americans don't know this. Whether you voter not as public, record. Now. I'll never be able to look up who Ramesh voted for or who jacqueline voted for but I can absolutely look up which elections you vote in in which elections you don't. And so people are able to run large polls and build predictive models and identify all the environmentalists in various states. And it turns out. That environmentalists. Habitually under vote they vote far less often than the average voter in almost every other state and just to give you some context here, I'll use say the two thousand, sixteen presidential election as an example. In two, thousand, sixteen, Sixteen, nine percent of registered voters voted. But only fifty percent of environmentalists did. Wow Yeah and if you go back to twenty fourteen, it's even worse. Forty four percent of registered voters voted but only twenty one percent of environmentalists did. Okay. So the obvious follow up question there is why? Yeah. Why? Is that one hundred, thirty, five, thousand dollars. That's Before thousand. In one dollars. So we know some of the reasons but only some of the reasons. So part of what's going on here is just demographic correlations so I don't know what the Environmental Movement was like ten twenty thirty years ago but. It certainly isn't now. What People Imagine as the stereotypical environmentalist. The typical environmentalists now is not well, it's not me it's not some white Yuppie who hops into their electric vehicle to get to their job downtown. people who deeply care about climate and the environment are now much more likely to make less than fifty thousand dollars a year. Be African American or Latino, and live within five miles of an urban core end they are predominantly younger but that's not. Not so much the case anymore. And all of those demographic groups that I just mentioned right now. Vote less often than the average American. So part of what's going on here is just that environmentalists are likely to be part of demographic groups that just habitually under vote. But the really interesting thing. Is that's not all that's going on here because even if you look at just young. Environmentalists vote less often than the other young people. Were even if you've looked just at Latinos, the Environmental Latinos vote less often than the other Latinos. So something else is going on here and the honest answer guys is we don't know what it is because it's really easy for behavioral scientists to measure why someone takes an action. So it's really easy to set up an experiment to to figure out how to get someone to vote. What's really hard? is to figure out the opposite. What's really hard is to set up an experiment to figure out why people don't take an action like exercising or voting or or vaccinating their children or something like that. the best you can do is ask them. And when we ask environmentalists why they're not voting. They lied their pants off. They lie France off and so and I'm. That other people or So, so no not more than other people and that's a good question but no, I mean no matter how you ask the question if you try to determine why people don't vote. The responses they'll give. Our responses that they think you want to hear. What we've realized is that even non voters still buy into the societal norm that voting is a good thing. So everybody wants to be known as a voter. Just, like everybody wants you to think that they brush your teeth, brush their teeth or or wash their hands every time or something like that. This voting is a societal norm that we all buy into and so I ask people why they don't vote. They will often before they even give you an excuse guys. They will lie their pants off and say, Oh, no, I vote all the time Jacqueline. And we that's a lie because whether you voted not as public record, right? These people looking at their voting histories and we know that they've never voted their entire lives and they swear up and down all the time that they vote whenever there's an election and so. The honest answer to your question and it's a good one is. We. Don't know why environmentalists aren't voting, but we've got some good ideas as to how to get them

Jacqueline Ramesh Environmental Movement Florida Vermont Nathaniel Environmental Latinos Director France
The history of potatoes

Gastropod

05:19 min | 2 months ago

The history of potatoes

"Like corn and tomatoes, the potato was born in the Americas before it conquered the world, they come from the spine of mountains that run all the way down from from Chile all the way up through the Andes and really into the Rocky Mountains Rebecca Earl is a historian at the University of Warwick where she focuses on the history of food and on the history of Spanish America and potatoes are bang in the middle of her ven diagram potatoes are from the. Andes that much is clear. The earliest wild potato ancestor that's been identified is from the shores of Lake. TITICACA on the Peruvian side but there are a lot of potato varieties claimed by a lot of folks in the region. In fact, there have been some recent disputes between Chile and Peru over attempts by Peru to patent whole variety number of potatoes as being Peruvian and of it and part of our national patrimony. So where they originate doesn't sit so neatly. Onto national frontiers, wild potatoes bread, and down the America's they've even been found in Utah but it wasn't until about eight thousand years ago. The people in the Andes started to domesticate these kind of unpromising marble sized super bitter tubers. Potatoes came to form a really important part of life in the Andes because they can grow an incredibly inhospitable conditions I've traveled in the Andes. In Peru and not only did I get intense altitude sickness but people farming there look like. They're hanging off the side of the mountains the Andes. Are Super Tall and super steep. It's just rough terrain for growing things in the whole of Peru only something like three percent of the land is classified suitable for growing crops compared to twenty one percent of the US but for the potato, no problem at flourishes in those conditions. So yeah, the potato was a big deal in the region, but it was still the food of the people it was essential not special. Unlike the other big American staple corn planting of the maize crop was something that the Inca himself oversaw of the ruler himself planted symbolic wro of as as part of a big ceremony and there was a team priests who would prey over the course of the year to ensure good maize harvest and it was a whole lot of ritual associated with with maize the empire. was not very interested in potatoes. They saw potatoes kind of lowly everyday food that didn't have great spiritual resonance Mrs Going to be a theme with the potato that said on that lowly local level. The potato did have spiritual resonance. It was a day. T called the potato mother who looked over the potato harvest and ensured that it grew well. So it was very important not. Just in terms of Diet. But in terms of kind of ritual spiritual life on village, this was something the Spanish conquistadors picked up on right away when they showed up in the fifteen hundreds. So they said Oh these the people here eat a kind of route, which is the bread of the Indians as they put it they were always comparing it back and forth to. European. Bread they said it is their bread which meant it was the staple. It was the backbone of the Diet that said the Spaniards knew it didn't taste like bread. This is how a Spaniard described the potato. It's the very first written description that survives potatoes are something like Spanish truffles aside from being a bit bigger and not as tasty. They said potatoes, they are a thing. Like chestnut or a bit like a truffle oil parsnips they grow underground there were route and they eat them the way that we parsnips of the way that we eat chestnuts. So they quickly drew connections between. A variety of different things? Some root vegetables like Parsnips, turnips, and somethings like chestnuts that we might not think a potato is exactly like the texture is not on similar. If you bake a chestnut, you end up with something a bit mealy but like a potato Europeans brought this new truffle chestnut food back to Europe with them although we don't know exactly when like many crops that have spread around the world people didn't always record when they first saw it. It seems like the potato landed on the shores of Europe somewhere in. The second half of the fifteen hundreds I to the Canary Islands and then to mainland Spain and from there they spread across Europe and around the world. But in terms of how potatoes caught on, there's an old story that has stuck around for a long time. It's almost become conventional wisdom and it's that the peasants in Europe were pretty reluctant to give potatoes a try the old story is that peasants are inherently conservative and will not do anything new. They will not try unfamiliar cultivation techniques they won't eat new food they're they're basically backward-looking and highly superstitious and regard the novel with skepticism. So there's an old story that says peasants looked at potatoes and they said this food is not in the Bible we will not eat it and they said our grandparents didn't grow this food and we will not grow it added to that. There was the unfortunate fact that the potato is part of. The. Same Botanical family of the deadly nightshade. So that's kind of suspect and the potato doesn't grow from seed like a normal crop instead you so little bits of the potato the ground I mean, why would you trust plant like that? Europeans didn't understand this. They thought it was the food of the devil. There's a whole lot of old writing from decades. By historians who say that, Europeans looked potatoes and when they saw them, they saw something freaky on weird.

Potatoes Andes Peru Europe Chile Rocky Mountains University Of Warwick Titicaca Lake Spanish America Utah Americas Rebecca Earl United States America Spain Canary Islands
Trump went even further than other uber-rich to shrink taxes

The Takeaway

05:03 min | 2 months ago

Trump went even further than other uber-rich to shrink taxes

"On Sunday night the New York Times published the first piece in an investigation detailing President Donald Trump's tax return data from the past two decades according to the Times reporting the president did not pay federal income taxes in eleven of the eighteen years they looked at and he also reportedly just paid seven hundred and fifty dollars federal income taxes in both two, thousand, sixteen and twenty seventeen the revelations about trump's tax records come less than six weeks before the November election and with first presidential debate just hours away some Americans will be. Watching closely to see what more the president has to say on the matter president trump defended his tax record on Monday by saying on twitter that he was quote entitled to Take Advantage of tax loopholes like everyone else for more on this, we turn to Jeffrey Stein White, house economics reporter for The Washington Post Jeff Welcome back to the show. Hey, thanks so much from you backbone. So lot of tax code stuff to get through but let's remind our listeners. Why has the president not voluntarily disclosed his tax records so far? Well I think we're seeing the reason right now the president broke a decades of precedent and refusing as two thousand sixteen presidential candidate truly says tax returns. He has claimed that he cannot do this because he is under audit, but there is nothing that would stop him from say having released all the years of his tax returns prior to the current Audit The irs has not made clear that trump is unable to do this and a lot of the attorneys we've spoken to have said. that it might be difficult on some of the edge cases related to the audit but overall, you know he could do it. So that has been more or less pretty clearly knocked down fallacy at this point you know the the question of why he hasn't released his tax returns became a huge controversial controversy in Congress House Democrats sued for trump's tax returns. Treasury Secretary had to explicitly deny a part of the law that says that Congress that the tax writing committees conjure entitled to the returns and yet of course, now we have them or not in your times house alleged say and so we can see a little bit why trump and his administration were. So resistant a for the public to see these documents and we know the New York Times. Didn't just. Get them yesterday they've been working on getting them are some semblance of them for years. Now, one of the most striking features at least to some Americans was how little the president paid in federal taxes for two, thousand, sixteen and twenty seventeen we're talking seven, hundred, fifty dollars Jeffrey I think I've paid more my own in my own taxes is that How do we even get to that type of the figure? That's a great question. So maybe I can try to explain it a little bit for the listeners. So most people you and I, you know we pay our federal income taxes on our wages and our salaries right? We collect check you know every other week from our employers and then at the end of the year that you know how much we make you go to the tax rate and see for your income bracket how much you pay that's what most people do, and then separately many people most people actually worked for companies and the companies also pay what's called the corporate tax rate most you know many companies are formed. As C. Corp it's called and so they pay a separate corporate tax, which is now twenty one percent. The Republican Tax Law lowered the corporate tax rate from thirty five percents to twenty one percent Donald Trump is actually in neither of those categories the either the personal income tax situation that that I described for wages and salaries or in the corporation corporate business tax, he's formed as a what's called a sole proprietorship or an escort. These are called pass through entities and what a pastor renting means. There's a bunch of different sort of legal former legal structures that constitute pastors, but the upshot is that the business owner. Is His tax on his business and his personal taxes sort of as one combined thing. So that means that his personal income tax obligations is often just reflective of what the businesses doing in trump's case is taking such tremendous losses particularly on his golf courses that he's able to offset his other tax obligations including what we normally think of as your federal income tax obligations trump has a ton of money. He has a ton of assets but what's known as his Agi, his adjusted gross income. which helps determine your federal income tax rate is actually quite low because if you're formed as proprietorship or as an escort Broza pass through your acquiring these assets, they're increasing your net wells but they're not actually leading to your your average income to be that high, and that's why trump's income payments. You know federal income tax payments were only seven, hundred fifty

Donald Trump President Trump New York Times Jeffrey Stein White Twitter Washington Reporter Congress House Business Owner Congress IRS Broza C. Corp
CarMax profit, revenue rise above expectations

MarketFoolery

03:35 min | 2 months ago

CarMax profit, revenue rise above expectations

"CARMAX, second quarter profits and revenue came in much higher than expected. And the last time I checked the stock. It was down twelve percent. I was surprised by this because this was a really good quarter for Carmax I didn't see anything in their guidance to indicate that the next three to six months is going to be particularly perilous. Yeah I was also surprised they beat expectations revenue was up three point three, percent five, point three, seven, billion earnings were up percent last quarter they had implemented cost savings they had furloughed fifteen thousand workers, the CEO Bill. Nash Reduced Salary by fifty percent, they stopped new store openings like you said Chris this this quarter was really good for them. Their sales had bounced back by. Around June, we saw revenue growth, they're hiring seven, hundred, fifty people at their customer experience center they're planning to open stores. Again, the stock is up twenty one percent since the beginning of the year. So I don't know if it's more trying to temper expectations for the future, but it was a solid quarter for them. We've certainly seen that with other companies in other industries where. The come out with, results. They are somewhere on the spectrum of good to great but not. Off John Dropping perfect. And we see a little bit of a off just because you're to date the stock is doing well. I Dunno Carmax. I've the last vehicle. I bought was from Carmax. A couple of years ago had a very good experience. I would absolutely go back there again because I feel like they have. I don't want to say they have solved a pain point, but they have certainly made a pain point a lot less painful and I'm referring to the process of buying a car which for for most people, it's just trans. Actually we just want the car that we want and please don't make me go through the whole haggling Kabuki theatre thing because that's just awful. Yeah I have never bought a car I. Don't have a driver's license, but I will say I was I was interested in. How, they might have done in the last recession. So you can see if there are people who are listening economic service. If you look at the demand curve for normal products as income increases the demand for a product increases but with inferior goods are inferior products they do well in a recession because as income decreases demand for this product increases, and since Carmax maxell eighty, five percent of their revenue is used cars. It seems likely that they would be considered an inferior product. So if we see a recession in the future, they would be a company that would do well, and so I looked at. How they did in the last recession, and if you look at the stock from March twenty, two, thousand, eight to September Twenty fifteen, it returned two hundred, four percent compared to fifty percent for the S. and P. Five hundred. So I think looking forward and thinking long term about Carmax if you're thinking about the impacts, the long-term recession impacts of covid nineteen, this might be an interesting to think thing to think about is those inferior products versus those normalized product particularly in urban areas where you're a for people who have the means they're probably to be spending less time getting on subways if they can avoid it. I gotta say inferior goods as a categorization just sounds pejorative that sounds like something that the new auto dealers of America came up with yeah. It's not the nicest term and when you study, they'll say a bus is considered an inferior to car planes kind of insulting. But that is the technical economic term

Carmax CEO Nash America Chris
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

Techmeme Ride Home

02:21 min | 2 months ago

Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

"Nikola is one of those electric vehicles startups we discussed recently on a weekend bonus episode it's an electric vehicle startup not named. Tesla remember and Nikola is one of those startups that's also focusing more on trucks. Yeah well, the founder of Nikola Trevor Milton has abruptly resigned as executive chairman of Nikola amid what the Wall Street? Journal. Is Calling fraud allegations quote Nikola, which went public in June through a reverse merger has come under scrutiny. Since Short Seller Hindenburg research released a report earlier this month accusing the company and Mr Milton of making exaggerated claims about the readiness of Nicholas Technology, and how much of it is proprietary doubts about the company's readiness to produce vehicles and questions about its claim to own proprietary technology have prompted US securities regulators and the Justice Department to investigate whether Nikola misled investors. The Wall. Street Journal reported earlier this month citing people familiar with the matter Nikola has called the. report false Mr Milton said in a company statement that he had asked the board to step down. So the focus was on the business not him. He added in a separate statement posted on his twitter account. Early Monday that he intended to defend himself against quote, false allegations levelled against me by outside detractors and quote Mr Milton thirty nine years old founded Nikola twenty. Fifteen and owns nearly one quarter of the Phoenix based companies shares according to fact set he served as chief executive until the company went public at which point he became executive chairman and Mark Russell was appointed as CEO investors have seen Mr Russell as a calming influence over the bullion behavior. Mr. Milton who has frequently vented frustrations and shared ideas via twitter and quote. More. Details I learned about Nikola today while researching this segment GM recently said it would take an eleven percent stake in Nikola in exchange for helping to engineer and build an electric pickup truck called the Badger and Nicholas Stock was down twenty one percent in this morning's trading that nonetheless still gives it a thirteen billion dollar market cap. This just popped up on tech crunch quote news is breaking that Trevor Milton Nikola Co founder, and former executive chairman was arrested by the DOJ FBI at Sky Harbor Airport in Phoenix Arizona. This morning this is so far unconfirmed and quote.

Nikola Trevor Milton Executive Chairman Trevor Milton Nikola Co Mr Milton Mr Russell Tesla Founder Twitter Sky Harbor Airport Street Journal Phoenix Fraud Nicholas Technology Mark Russell Nicholas Stock United States Arizona Chief Executive GM Justice Department
Alaska's Salmon are Shrinking

60-Second Science

02:53 min | 3 months ago

Alaska's Salmon are Shrinking

"Year salmon come home to Alaska's frigid rivers to mate, lay their eggs and die. The. State Salmon runs are some of the biggest in the world but over the past few decades, those big salmon runs have featured ever smaller. Salmon. Talk to people up there has been fishing for a long time and they're definitely able to tell you that we just don't see those really large old salmon used to see Christa a post doctoral fellow at the University of Alaska Fairbanks oaken colleagues at the University of California Santa Cruz, and elsewhere analyzed records of fish size. Going back to the nineteen fifties they included data on some twelve point, five, million, salmon, each of which had. To be measured by someone from the Alaska Department of fish and game, and there's no question about it. Salmon have shrunk sockeye salmon today are two point one percent shorter than their ancestors chum salmon are two point four percent shorter and Coho or three point three percent shorter Chinook or king salmon showed the greatest declines at eight percent. That's an average difference of more than two inches in length. The study is in the journal Nature Communications. The researchers haven't nailed down the exact reasons behind this trend, but they're analysis suggests that climate change and competition with wild and hatchery raised salmon, both play a role. They also discovered that much of the change in body size is due to fish returning from the ocean at a younger age now than in the past. Oak, says fish could be returning earlier because they're reaching maturity faster for some reason or because the ocean has become a riskier place for older salmon to survive what could be happening is the That otherwise would have returned large old. Just making. Whatever the cause this size shift has massive ramifications for people and the Environment Oak and her team calculated that catching smaller fish may have already slashed the value of Alaska's Commercial Salmon Fisheries by twenty one percent. It's also likely reduced the food available to subsistence fishers, many of whom reliance stores of salmon to get them through the long harsh winter by as much as twenty six percent. On the ecological side, the researchers estimated that smaller fish sixteen percent fewer eggs, which could depress salmon populations in the future and the Salmon Bring Twenty eight percent fewer nutrients into the watersheds were they spun according to the study after they breed and die kirk actually fertilize. Freshwater and terrestrial ecosystems with these marine derived nutrients that are really important and that used by all kinds of animals like bears and songbirds even taking up into trees with no single factor to blame for shrinking salmon there's no fix says, but there are still plenty of fish in the sea they're just smaller than they used to be.

Alaska Alaska Department Of Fish University Of Alaska Fairbanks University Of California Santa Doctoral Fellow Environment Oak Nature Communications Christa Chinook OAK Kirk Younger Age
New virus cases decline in the US and experts credit masks

AP News Radio

00:41 sec | 3 months ago

New virus cases decline in the US and experts credit masks

"New virus cases are declining in the U. S. and experts credit masks the number of Americans newly diagnosed with the corona viruses falling a development experts credit at least partly to the increase wearing of masks about forty three thousand new cases have been reported daily over the past two weeks across the country that's down twenty one percent since early August that's according to data compiled by Johns Hopkins University Monica Gandhi is an infectious diseases expert at the university of California San Francisco she credits the American public's growing understanding of how the virus spreads more mask wearing and possibly an increasing level of immunity I'm showing after

Monica Gandhi Johns Hopkins University University Of California San F
US home sales spike 24.7% in July, another record

AP News Radio

00:40 sec | 3 months ago

US home sales spike 24.7% in July, another record

"Another record setting month for the housing industry the national association of realtors says sales of homes in the U. S. rose a record breaking twenty four point seven percent in July that surpasses the record set in June when sales increased nearly twenty one percent for the year purchases are up nearly nine percent from a year ago and the median price for a home exceeded three hundred thousand dollars for the first time last month settling at three hundred four thousand although the housing market has been resilient during the pandemic market activity still hinges on supply which was limited even before the corona virus outbreak I'm I can't put

Outbreak National Association Of Realto
How Churches Are Reopening During Coronavirus

The Tom Dupree Show

03:00 min | 4 months ago

How Churches Are Reopening During Coronavirus

"More than seventy percent of church. I'm getting these stories from a thing called Christian headlines More than seventy percent of churches are meeting again and most practice social distancing. Most Protestant churches in the United States have returned to in person. Services. And most are also practicing social distancing by closing off certain seats to battle the coronavirus pandemic. According to a new life way research survey. More than seventy percent of Protestant churches met in person in July, a stark contrast to April when only ten percent met. The survey. Of. Protestant pastors shows seventy one percent of churches met July nineteenth seventy three percent. Met July Twelfth and seventy percent, July fifth. Meanwhile, churches are taking extra precautions to stop the spread of the virus for example, ninety four percent or providing hand, sanitizer, masks, or gloves to those needing it. Eighty six percent or conducting additional cleaning surfaces. Seventy six percent or closing seats to increase distance between people and to practice. Social distancing. Fifty nine percent recommend mast. Masks. About a third or requiring them. Although, most churches did not meet in May. A majority fifty five percent said they met the first weekend in June. Still, Twenty one percent of pastor say they have not met. Since the pandemic started. One, fifth of churches have offered drive in services during the pandemic, according to the study, resuming imperfect worship services has not been reverting to worship as usual. Says Scott McConnell Executive Director at lifeway research churches are making efforts to make the environment safe. But these efforts are often second gas by those who either want more precautions or less restrictions. Although most churches are meeting in person again only twenty nine percent or holding in Person Bible Studies. Only thirteen percent are holding children's activities. Maintaining social distance and necessary sanitation is very difficult with younger ages. To complicate things further saw the volunteers who normally work with kids and students are in high risk groups who are not ready to return anytime soon. That's pretty interesting.

United States Scott Mcconnell Lifeway Research Executive Director
"twenty one percent" Discussed on KQED Radio

KQED Radio

03:20 min | 1 year ago

"twenty one percent" Discussed on KQED Radio

"We envision that most of the millions of our fellow Americans were uninsured today will enroll in Medicare and that's that's a saving over private insurance but I also want to make sure that I'm listening to our fellow Americans tens of millions of them many of the members of unions who fought for health care plans that they like that work for them and their families if they want to keep them I want them to be able to make the choice to be able to do that and yes over the long term this country saves this country produces better health care outcomes okay but some of your fellow democratic candidates have identified specific funding streams they say there's particularly Elizabeth Warren she's a specifically a tax on the highest earners you're not prepared to identify a specific funding source for him if if we took a corporate tax rate that under the two trillion dollar trump tax cuts the benefits of which floated to corporations flowed to the very wealthiest in this country we took that corporate tax rate the drop from thirty five to twenty one percent back up just a twenty percent we would generate hundreds of billions of dollars over the next ten years if we were to tax returns on capital at the same rate that we tax ordinary wage income the the income that is being earned by our server here at at Elon J. we would generate hundreds of billions of dollars and yes if we were to add a transactions tax on on Wall Street transactions a wealth tax to address the fact that you have the greatest divide in wealth inequality in this country's history right now in two thousand and nineteen not only will we generate the revenue to be able to pay for these programs we would also address something that is a threat toward democracy and a threat to everyone in this country being able to see a future for themselves and their kids in this country so yes we can pay for this and those of the streams that we would look at that was better or work former congressman from Texas running for the democratic nomination for president speaking with me and undecided voters Connie Martinez and Ruben Sandoval Ellen J. cafe in el Paso Texas we'll have much more from this conversation this week across NPR programs and you can find all of the conversations that are part of our off script series with presidential candidates at NPR dot org slash off script about one in four older Americans are working during their so called retirement years back in the early nineties it was less than half that in fact people sixty five and older the fastest growing group of workers in the country NPR's I know Jaffe covers aging and this week she's been reporting on the new realities of work and retirement one of those new realities older adults are increasingly opting out of retirement altogether this is not a military drill it's an exercise class for older adults and southern California YMCA no doubt who's in charge fitness instructor Bob Orozco guide so group of forty through a series of moves that has them in constant motion for close to an hour he's white haired and wiry and does every move he asks his students to.

two trillion dollar twenty one percent twenty percent ten years
"twenty one percent" Discussed on 10% Happier with Dan Harris

10% Happier with Dan Harris

03:54 min | 2 years ago

"twenty one percent" Discussed on 10% Happier with Dan Harris

"Somebody who self-conscious perhaps worse. Sometimes mice. It's not so much of a socially anxious. It's that I'm anti-social that I don't and I'd be I would love to hear your parsing of this. Sure. Sometimes I feel like I am. I just don't have that much to give. And I am maybe not that friendly. And and I've had people who were close to me colleagues complained that the me that shows up here in with you in a podcast, or in an on camera interview is much more sort of open than the me that's around the office just on a workaday basis. And I think some of that is a kind of an inner stinginess, I don't know if that even fits into the rubric were currently discussing, but that's just what's going through remind as we're talking. So I mean, I don't I don't think this is what you're describing. But I think it's worth saying in case listeners identify with because. Okay. So when there is a threat. And that threat could be a train a bus headed towards you could be an external threat, but it could also be a social threat that comes from our own head, and regardless of the threat our minds and bodies react generally in one of two ways, and that's fight or flight. And so when we often think about social anxiety. It's flight we think about wanting to hide under the buffet table or going to hide in the bathroom, or, you know, scrolling through our phone pretending to refresh Twitter a lot. And so that's that's what we think of stereotypically social anxiety. But twenty one percent of folks who experienced social anxiety come off as fight. So they're they are prickly and irascible grouchy and try to steer the conversation with white knuckles. And they reject other people before they can get rejected. And so then I don't I don't think what you're talking about for you feeds into that. But again, I think it's worth noting that for listeners who may not identify with the flight, but maybe identify fight. You'll know I think that makes a lot of sense. I don't know that that applies to at least what I was thinking of when I said that. But and I I don't let's see if I can come up with an example. Well, when you were saying before that a tool to use in in is to turn your attention inside out. In other words, you're you're focusing outward instead of inward, and you really listening to what the other person says, and you're thinking carefully before you respond. My thought was yeah. I do I do do that. But it's exhausting. And I don't know. I do I was gonna say I I don't know whether I can do that all the time. But I do know that I don't do that all the time and often it will be like I'll walk out of here where I'm very I'm listening, very carefully. What you're saying? And. And it's not because I'm anxious. Just because I'm on I'm on. Yeah. But my next interaction will probably much less satisfactory to the person with whom I'm interacting because I've expended a lot of energy. And I can't I don't feel like I can do that all the time. No. And I think I think that's normal. I don't think anybody could really do that all the time. Just like you can't be mindful all the time like sometimes you do have to plan. Sometimes you do have to reflect like you can't be in the moment. All the time. I think that's okay. And so I don't think it's the the goal to to try to turn one's attention inside out all the time into to never look inward. I think this is something else that I think is important to say that oftentimes there, I get questions about how do I know if I'm socially anxious, or how do I know if I'm just an introvert, and and so to speak to that. I like to say that introversion is your way like that's just how you're wired and so- introverts have like a lower. Tolerance for stimulation..

Twitter twenty one percent
"twenty one percent" Discussed on News Radio 810 WGY

News Radio 810 WGY

02:18 min | 2 years ago

"twenty one percent" Discussed on News Radio 810 WGY

"Mike Patrick Inver, Joe Gallagher on this Sunday, Mr Jove from the weekend show will be returning tomorrow. Okay. So here's what I love polls. Especially in there ones that can can bring up discussion. Although this is kind of a J D polo. Explain why apparently a new poll finds that America's favorite food Zach. When are you going to say, Peter, ding, ding, ding pizza is by far America's favorite food? Twenty one percent of people say pizza is the food. They cannot live without. Twenty five percents a pizza is the food their most likely to enjoy in when straying from their diet. And it it ruins the diet. I mean, come on. Yeah. You know, one slice you're done. Once they go pizza. You don't go back the carbs now by coincidence. The survey was commissioned by the California pizza kitchen. So there's a bit of a jaded. Lean their little, you know, but twenty one percent of people choose pizza as they cannot possibly give up. Now, we have a list here following that two three four five six of there's there's there's eight others that people absolutely can not live without give me an idea of other foods that you think people can't live without steak steak right there. Number two at sixteen percent. You know, how do you like your steak, by the way, medium rare? Oh, no. No. No. No. No. No, no. It's gotta be. I have these conversations with my wife the whole time because she likes everything. Well, well, well. You know, me I go to restaurants, and they and I asked her steak, and they say, how do you want your steak, sir? And I said moving okay because my father my beloved father was a butcher for many years. And he taught me one thing and he says if it's moving it's delectable. So, you know, you just take a little lighter put it on both sides, and they just want a quick Sierra..

America Mike Patrick Inver Mr Jove Joe Gallagher California Zach Sierra Peter Twenty one percent twenty one percent sixteen percent
"twenty one percent" Discussed on Truth & Movies: A Little White Lies Podcast

Truth & Movies: A Little White Lies Podcast

04:41 min | 2 years ago

"twenty one percent" Discussed on Truth & Movies: A Little White Lies Podcast

"Now. Currently the film holds a rating of whether the this means anything to anyone of twenty one percent. Is that too high it night? That's accurate. Okay. It's twenty one percent of a movie. Ten minutes, that would have been fine. Told me through your reaction to it? Say I went to see again, my anticipation was privy at zero because like everyone his dad was coming out to slam it. So I was like, this is going to be an ordeal and it actually wasn't an ordeal. So it was better than no deal. I say. Creeks, especially in the states have been very much like very quick to be like, this is this is appalling. This is like I company if I had to sit through this, it's not that bad, but the the thing that offended me most about how boring it was like it was just boring, older, Jackson, boring, all the kind of like porn references more boring. It was just like, you know, kind of thirteen year old kid like making jokes, and I was like, this isn't even like offensive. It's just like boring. I didn't mind the pure l. sex change. Boring when you see when I saw team when When I was I was like. like thirteen whenever I wasn't that how old I was in that came out you. Oh, gonna comedy that doing this. Yeah. I think even kids today would not be outraged by this. It all feels very, like, does this film than not really pushed the envelope when it comes to puppet sex. It's big piece is the fat the there's one puppet, Jackie lights forever, like nonstop coming like forever before becoming. Is that basically just a rip of team memento. He vomits forever is everything which is. What did happen they? There is a downtime. I mean, boredom time in this movies, I made a little list what makes a good film. So it's like, this isn't a you do this jury on the phone? Yes. Making a list of. Brian Henson on Jim counsel. Making me, these are just some thinking points on. Yeah, close. Like I was like, why isn't this? Good? 'cause it's bod-. I'm not in pain. I feel okay, but I don't feel that I'm watching good film so you, that's what makes it good film. Number one, tonal variants this one, but puppets. Yeah. We're on a kind of white noise sex puppet film. Exactly. Yeah. Character development? Yeah, none of that night. Like Phillips is setting his washed up cop. He led cheaters Los Angeles city. The Melissa McCarthy's character setting is angry. As it is in everything. She does bless her. I'm a big fan of spy. I think he's a masterpiece, but let's hear what lessons that's so Hollywood and then lend, let's go onto Melissa McCarthy more than one. Jake as we've come at the only Jake in this is but puppets some ring of truth. Say that's my list. Tonal variants character development mood, one, Jake summering if tree. So this is more lessons for comedy directors. Yeah. So you know, you pull figues brothers like, let let's we'll make sure they, they hear about the. Okay in Hollywood. Like literally as the the red button is pushing, please envoys everyone. He takes up because I'm a little strapped for cash. We will do. I also am a big Melissa McCarthy fan. Having recently had the joy of going through the entire Gilmore girls saga. I kind of fell in love with her and I actually do like some of her films that are maybe considered a bit bad. I mean, I like the heat and he he's and spies. Well, and I wondered, is it time that we should be staging intervention families copy use this film as well, which that husband? I think so this one, I'm like, Melissa. You brought this upon yourself. I think she's she's a good comedic actress. I, the problem is that this the script is atrocious and all the drugs in this film stem puppet saying how masculine she looks. And I was like, well, it's not even true and be wall like, why is that what you're in for like she just she's just an on Hannah. The scene where she gets really high on Suga. What do you mean like she house to actually being really of her head? And I think that I think she's good..

Melissa McCarthy Jake summering Hollywood Brian Henson Jackie lights Los Angeles Jackson Jim counsel Melissa Phillips twenty one percent thirteen year Ten minutes
"twenty one percent" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:03 min | 2 years ago

"twenty one percent" Discussed on Newsradio 700 WLW

"All righty twentyfive before the hour agent are blocked not real happy about the presidents overhaul of the tax plan shares of agent are blocked plunge after an earnings call revealed did one of the main provisions of the new tax law would limit how much tax adviser can charge their customers really they hr block stock dropped as much as twenty one percent yesterday the biggest rock ever after the the sales forecast disappointed management said they expect the twenty nineteen revenue of three point zero five billion to three point one billion the average analyst estimate was three point one four billion trump's overhaul slash the corporate tax rate to twenty one percent from thirty five percent but for hr block the provision in the law that doubles the standard deduction for individual taxpayers could ultimately hurt their business the number of us tax returns that h and r block prepared increased by two point five percent last year compared to the prior year but their pricing is contingent upon the complexity of defiling that's the key the overhaul is expected to have sharply reduce the number of americans who tend to have the more complicated returns because they itemize their deductions you see by doubling the standard deduction to twelve thousand for single filers twenty four thousand for couples could be all lot less people that will be itemizing their deductions yeah in most cases you would you would look at it both ways galas see you.

analyst twenty one percent thirty five percent five percent
"twenty one percent" Discussed on 710 WOR

710 WOR

02:18 min | 2 years ago

"twenty one percent" Discussed on 710 WOR

"Who are not gonna for no good reason i mean i just gave you an example suppose you have a company called abc core that did a lot of investing in the past and right now they're just reaping profits from past aspirants now we've cut the corporate tax rate from thirty five percent and a twenty one percent under the new law so the only thing that's going to happen there is they're gonna pay less than taxes they're not into new investing because they invested in the past or just kind of riding riding along and reaping the prophets and now they're going to be a whole lot higher on an after tax basis because the tax cut but we could have so we could have done is to give them give everybody an incentive to invest not by cutting the the novel corporate tax rate from thirty five to twenty one percent but by telling companies look if you invest we're going to give you an incentive we're going to lower your taxes but it only if you invest and that's what's called an investment instead of and so but but what would you so that's good but what what would you do with the corporation would you have it be twenty five and then have the investment rate fifteen for companies who invest marginal here's the interesting thing the the marginal tax rate can actually be zero even though the the the nominal corporate tax rate let's say state at thirty five if i tell you jay look dry you're setting up a company and the corporate tax rates thirty five percent but here's the thing i just changed the wall so that every dollar you invest in the us you got to write it off immediately at thirty five percent rate so right up front you put it in a dollar and you got a thirty five cent check from the government now in the future on your profits you have to pay taxes thirty five percent rate but that upfront check of thirty five cents offsets those future taxes so that the effective tax rate on this investment what we call the marginal effective tax rate and our lingo when economics is zero even though because the thirty five percent rate that high rate applies to incentives you get up front to invest because you've got to write off based on that as well so you can see.

abc jay thirty five percent twenty one percent
"twenty one percent" Discussed on Freedom 970

Freedom 970

01:51 min | 2 years ago

"twenty one percent" Discussed on Freedom 970

"Twenty one percent we've double the standard deduction for families or ninety percent of w two wage earners are taking home more money the fact of matter is unemployment rates in minority communities six point nine percent hasn't been that low in the african american community in twenty years hispanic unemployment rates incredibly low the small businesses passer businesses saw twenty percent cut in their taxes the regulatory environment has been rolled back we're now working on dodd frank reform eighteen democrats joining every member of the senate banking committee republican all working to make sure that there's more accessing credit so credit worthy people actually have a chance to start businesses the policy direction of this administration is undeniably in the best interest long term of this country you know why does he know all this timid because no one that was more involved in tax reform then tim scott and the fact that someone would refer to him as a prop when he was on house ways and means he's on senate finance he was on a three person kabbalah if you will that it mitch mcconnell up said hey help us write this tax reform bill you just heard him radloff more statistics than probably anybody else could more than mick mulvaney knows so they'll be offended and for no be offended so for him because he was an a well earned harder position of prominence of that press conference to to be besmirched and call it a prop via liberal by the way he apologized but he never shared i actually insensitive which will bring us to the next copy next half hour i wanna talk about black guy and a white guy online.

senate banking committee dodd tim scott senate mitch mcconnell mick mulvaney Twenty one percent ninety percent twenty percent nine percent twenty years
"twenty one percent" Discussed on Super Station 101

Super Station 101

01:54 min | 2 years ago

"twenty one percent" Discussed on Super Station 101

"The tax haven of the world so all that stuff's going to come back in this this little bit of tweaking that they did to the income tax system is showing that that will actually happen problem is it goes to twenty one percent that corporate goes to twenty one percent next year so there'll be less impetus for people to bring that money back next year however at twenty one percent they're still better off than than thirty five so we're we're keeping the movement going up rob woodall is the sponsor out of georgia now for the fair fair tax and i just saw a little thing the other day he says all we doing great now to this under this tax reform but now's the time to get get started and do the fair tax so it's still out there we're not going to give it up because it's just gonna make this country even better than this tax cut that they just did it for reasons are just said it's not miss not permanent they're gonna come back and five years and they'll reject the individual brackets and writes in in five years so it's as long as you got the income tax system that's full of exemptions the way it is and deductions and everything like you're talking about it leaves it open for congress critters to use to fill their campaign coffers own pro and con people for different little tax advantages they wanna have right and and they use both ends they are there people that are pro come in and put money into their coffers and the people that are against come in and put money in our coffers they're sitting there fat and happy filling their back but that's not helping us at all the the income taxes a burden on the people of the united states needs to be gotten rid of well you know i couldn't possibly agree with that and the simple fact that matter has been disappointing to me because it's so unbelievably obvious and.

rob woodall georgia congress united states twenty one percent five years
"twenty one percent" Discussed on Super Station 101

Super Station 101

02:18 min | 2 years ago

"twenty one percent" Discussed on Super Station 101

"Will actually happen problem is it goes to twenty one percent that corporate goes to twenty one percent next year so there'll be less impetus for people to bring that money back next year however at twenty one percent they're still better off than than thirty five so we're we're keeping the movement going up rob woodall is the sponsor out of georgia now for the fair fair tax and and i just saw a little thing the other day he says all we doing great now to this under this tax reform but now's the time to get get started and do the fair tax so it's still out there we're not gonna give it up because it's just going to make this country even better than this tax cut that they just did for reasons are just said it's not miss not permanent they got to come back and five years and they'll reject the individual brackets and writes in in five years so it's as long as you've got the income tax system that's full of exemptions the way it is and deductions and everything like you're talking about it leaves it open for congress critters to us to to campaign coffers own pro and con people for different little tax advantages they wanna have right and they they both ends they are there people that are pro come in and put money into their coffers and people that are against come in and put money in our coffers and they're sitting there fat and happy filling their back but that's not helping us at all the income taxes a burden on the people the united states needs to be gotten rid of well you know i couldn't possibly agreement with that and the simple fact that matters it's been disappointing to me because it's so unbelievably obvious and i would imagine that from a lobbying and or legislative perspective people within i don't wanna say deep state but people within the irs themselves i'm sure they're kicking and screaming about it not only the loss of their jobs but the fact that you know we've talked in this in this country for so many years about the streamlining of the process how burdensome it is and you know in my own personal life i've had so many desktops with the internal revenue service and i just don't think people realize how aggressive they can get of course there was the the.

rob woodall georgia irs congress united states twenty one percent five years
"twenty one percent" Discussed on KSFO-AM

KSFO-AM

01:53 min | 2 years ago

"twenty one percent" Discussed on KSFO-AM

"Twenty one percent that's actually a pretty remarkably bipartisan proposal back when the obama was president he proposed taking the corporate rate down to twenty eight percent and i'm not here to debate politics or republicans versus democrats but i can tell you as a tax professional who follows this stuff that if the democrats in congress weren't more interested in standing apart from trump and not cooperating with trump that alone would have been a pretty remarkable bipartisan bill to lower the corporate tax rates that's the biggest part of it but congress knew that if they lowered the corporate tax rates and didn't do something for individuals then individuals would squawk and complain so they created this new category of business income that will talk about a little bit called qualified business income that's pass through income from proprietorships partnerships and a special kind of corporation called s corporation so that part of the bill is a big tax break the problem is they've gotta pay for those tax break breaks somewhere and the budget process in congress says that if you create a tax break the costs the treasury money you've got to pay for that somewhere else so congress took an ax to a bunch of different deductions mostly personal deductions and mostly itemized deductions for people who itemize now here's the thing only about a third of tax payers itemized before the tax cuts and jobs act and we raised the standard deduction so now only about ten percent of people will probably itemize so most of these tax breaks are things like state and local taxes above ten thousand dollars in a year mortgage interest.

obama president congress trump s corporation treasury ten thousand dollars twenty eight percent Twenty one percent ten percent
"twenty one percent" Discussed on KARN 102.9

KARN 102.9

02:09 min | 3 years ago

"twenty one percent" Discussed on KARN 102.9

"Immigration because he hasn't been you know he blood strong and then during that open meeting he was all over the place and then he a day later he came on as as and was very strong i said worry succeeded if you noticed he succeeded when he said fifteen percent corporate tax rate cut the middle class corporate tax cut could and when he stuck to that and never deviated from that message he got a great compromise of twenty one percent on there and where the vast majority of people in uh in uh that uh lower middle class who pay taxes middleclass an uppermiddleclass the vast majority of them will get a tax break and soul the core pen and the corporate tax rate to twenty one percent and steve liberals goes i've no disagreements with you at all and i said so i wish should he would stick or become stronger on some of these issues i said but maybe maybe he the maybe he feels comfortable and feels he understands completely tax policy but he's not sure about where uh healthcare could go and therefore he hasn't come to a decision i said he wouldn't be the first one healthcare is quite complicated and and i said on immigration it's also conflict you'd oats also complicated i said but if if he sticks to the things were the majority of americans agree with him on and the majority americans would understand that look look using uh the the daca dako would ever dacca i come from the northeast um using that as leverage in order to get other things that you want the people that support him and people i think in general would say yet it's a good idea because we need to stop the sanctuary cities we need to have control on our immigration and as you and i said last week with a whole fecal crater talk is what got lost in that is the substance and the hard discussion and questions we have to ask on immigration that won't get asked but as i had a conversation with my dad over the weekend 'cause he wanted you know what do you think about what's going on i said the democrats don't want to solve this the democrats actually don't want to confront the immigration problems that we we we we have today.

steve liberals tax policy corporate tax twenty one percent fifteen percent
"twenty one percent" Discussed on Clark Howard Show

Clark Howard Show

02:27 min | 3 years ago

"twenty one percent" Discussed on Clark Howard Show

"Corporation sale have loyalty to country i mean that's not what they're about their warrior ts to their stockholders and our tax laws were encouraging those companies to do business elsewhere and to keep their money outside the united states with our corporate tax cut down to twenty one percent what it does is big international corporations now no longer have an incentive to do business elsewhere or to hide their money elsewhere at twenty one percent it puts us right in the middle of the action certainly not the world's lowest corporate tax but no longer the world's highest corporate tax break valuable thing for us to do for economic growth moving forward now that cost over the next decade somewhere around one and a half trillion dollars so everything else that the congress did was to try to make this seem like it was relevant to us as individuals and did some things to lower some taxes ford depending on the taxpayer most tool see lower taxes this year next year may be one more year after that there are some taxpayers that will actually see higher taxes as a result of the tax new tax law but most people will see potentially somewhat lower taxes also for many people doing a tax return will be the easiest it's been and forever the standard deduction has been greatly increased to the point where most people will not have to do anything other than report your income and take the standard deduction and you'll be pretty much finished with your tax return the people that's not true for our people who tend to make more money and when i say more money generally somebody who makes above around one hundred fifty thousand dollars a year which is a small segment of taxpayers.

united states corporate tax congress tax law ford twenty one percent one hundred fifty thousand dol trillion dollars
"twenty one percent" Discussed on WJNT 1180 AM

WJNT 1180 AM

01:46 min | 3 years ago

"twenty one percent" Discussed on WJNT 1180 AM

"Hope to get these companies have to have capital available to make the investments to grow so that's why that tax rate had to be lowered to twenty one percent the others wife is well they're just gonna take all this money and give it to the stockholders in dividends well that is possible and they likely will do that with some of that but if they do that two things one um dividends or now taxable so the stockholder um had paid taxes won the corporation earned it and then they pay tax on it again when it's uh dividend income so the ends up being being taxed secondly even if they do that and pay it to the stockholders the stockholders will simply pay whatever taxes they have to pay and take the rest and reinvest back into the economy i know with my stock portfolio for my retirement plan um is this stocks on dividends i i never take any owl uh because i'd be taxed on it and secondly i reinvest the dividend so my portfolio grows and when i retire i have have some money so even if the corporation's gave it to the stockholders taxes would be paid which helps the government and the stockholders was likely you reinvest the majority back into the economy again helping us to hit the high growth numbers that we need to certainly and i know you don't expect corporation sexy do that but you give kinda like the most extreme scenario on that and that example but for the most part yeah they're going to take the money and they're gonna invest in the company they're gonna expand the company they're gonna improve because it's very competitive out there yell companies ghanistan i've had a weird way yeah absolutely and whether growing economy comes more opportunities and they want to have the capital available to.

twenty one percent
"twenty one percent" Discussed on KSFO-AM

KSFO-AM

02:13 min | 3 years ago

"twenty one percent" Discussed on KSFO-AM

"Twenty one percent or one of the biggest one of the biggest a comments i think and announcements i think that was made would be from fedex saying that they're going to likely expand hiring who'd aesthetics higher while folks that are middle class i would say so that is very good news and that is proof positive that this legislation the socalled tax reforms it will have positive effects on the economy again wells fargo is matching that fifteen dollar minimum wage and so what's going to happen now is that you're going to have people who are making less than fifteen dollars an hour and because their tax rate is going down now they are going to be able to give those folks money and that's exactly what i said yesterday member what i said yesterday when i was talking about the tax reforms i said this is great news for people who are on the lower end of the spectrum and the reason i say that is because these companies they are now going to make some of these parttime jobs fulltime they're going to do a number of different things to free up cash for these businesses so they are able to do exactly what at t is doing a boeing is doing wells fargo fedex comcast it goes on and on the other thing that i think is really good about this is yes it will be rocket fuel for the economy however it's also going to spur competition as well so i think that overall this is something that is very smart for the republicans to do do one of the things that people are worried about he has some sort of a backlash against the republicans because as we known as we talked about yesterday here on the program this is an extremely unpopular bill because of exactly what chuck schumer said slamming it as a greedy corporates greedy corporate welfare if you will and it's only out to help the uber rich and also corporate america i think they are absolutely wrong and i think that these companies that have come out and said they're going to share the wealth i think that is proof positive that these companies are looking to do something good and positive with this cash and again these are is we all know these are permanent tax cuts for the corporation's that's not a bad thing although they can always come back and change it if they so choose but we'll continue.

fedex boeing chuck schumer Twenty one percent fifteen dollars fifteen dollar
"twenty one percent" Discussed on KOMO

KOMO

01:51 min | 3 years ago

"twenty one percent" Discussed on KOMO

"To twenty one percent and the mortgage interest deduction is capped at seven hundred fifty thousand dollars or close to a deal it feel very close republicans are also overturning a key component of obama care doing away with the mandate that all americans have insurance but that could leave thirteen million more americans uninsured over the next decade republicans insist relief is coming for the middle class the bill will likely expand the child tax credit and double the standard deduction but critics argue the wealthy will benefit most who have thought they could have made the bill even less favorable to the middle class and more slanted towards the wealthy the irs tells us that americans who are likely to benefit from these changes could see less money withheld from their paychecks starting as soon as february that's abc's mary bruce reporting and she did mention that expanded child tax credit would expand from one thousand the two thousand dollars but that's not enough or republican senator marco rubio heath today says that he's unno on that tax package unless the tax credit for kids to low income families is a little more generous how close closer things really going to get at the very end there are signs that that tax bill could go down to the wire abc's karen travers at the white house with details on a schedule change for the vice president vice president pence has delayed his trip to the middle east by a few days in order to preside over a vote on the republican tax overhaul next week a senior white house official says that pence has been heavily involved in this issue and while his vote may not be needed to break at tie in the senate he will stay in washington to see it across the finish line the vice president is scheduled to travel to egypt in israel next week to meet with leaders there karen travers abc news the white house another possible outcome of that tax plan should it be passed energy companies would get a chance to drill for.

official israel egypt white house senator obama energy companies vice president washington senate tax credit pence karen travers abc marco rubio heath mary bruce irs seven hundred fifty thousand d two thousand dollars twenty one percent
"twenty one percent" Discussed on Liberty Talk FM

Liberty Talk FM

01:39 min | 3 years ago

"twenty one percent" Discussed on Liberty Talk FM

"Five percent to twenty one percent in 2018 house ways and means committee chairman kevin brady defended attacks on the plan on fox is america's newsroom we seem to get hit by all sides elazig some say tax relief for the wealthy others say no there's tax increases for the wealthiest there was a conference committee meeting held to discuss the tax reform negotiations democrats were furious with the process and massachusetts congressman democrat richard neil in texas congressman democrat lloyd doggett tried to get ways and means committee chairman kevin brady to shut it down boxes nike manual on capitol hill president trump making a fullcourt press to get the measure path has a candidate i promise we would pass a massive tax cut for the everyday working american families who the backbone and the heartbeat of our country now we're just days away i hope i hope the president appearing this afternoon with five middle class families to drive home its point the plan will benefit the middle class one day after his victory in alabama i have received calls from so many wellwishers of friends and family but also uh future colleagues in washington on both sides of the democrat senator length jones calling for unity and asking republican roy more do the right thing and concede unofficial results have jones defeating more by one and a half percent more says he's waiting to see if a recount will be triggered under alabama state law it'll happen if the candidates are separated by half a percentage point jones says president trump call to congratulate him and was very gracious that is upset victory fox news.

state law senator capitol hill nike texas congressman massachusetts america chairman kevin brady roy jones washington alabama president congressman democrat lloyd dog richard neil tax relief twenty one percent Five percent one day
"twenty one percent" Discussed on KOMO

KOMO

01:54 min | 3 years ago

"twenty one percent" Discussed on KOMO

"Saying hey look day imposes fifteen percent tax on foreign investors in an august there was an article that said that home prices a dip twenty one i think was twenty one point three percent i mean that's what happens when you just taxed attacks and you have these people that are coming in in it's an investment right and with dense on influx as investors from funding couvert coming down here because they didn't want to pay the tax at their said they were coming down here purchasing yachts equipped and but you know a key also to the article i think that market rebounded two months later yeah but you just fell twenty one percent did you rebound over the twenty one percent or the just rebounded from their admittedly so they they they capitalize on the tax but you have competing for young people competing here like other was if you'd have done this two years ago maybe you would have been more effective right now prices have already got escalated thirty percent 25 percent pick a number yes so the last three years so hands down we don't we didn't need deep foreign investors to come down here your and start buying property are our market was already hot right we we already had a shortage of an entire exactly what we need is more important tori but the price increases but to my point is prices are already of the point with a not affordable so now you want to go ahead and impose the tax what's that gonna do you already you already too late to the ballgame yes so what's the point you know you already too late yeah so so at that point you wanna do this this should have had the proactiv plus you talk about proactiv either being proactive will being reactive now right so at this point we're reacting instead of trying to think of a way to navigate it yeah or reacting to some of this already happened and that.

proactiv twenty one percent fifteen percent thirty percent three percent three years 25 percent two months two years