Posts Tagged ‘Wells Fargo’

LinkSwarm for January 6, 2023

Friday, January 6th, 2023

Greetings, and welcome to the Friday LinkSwarm! By the time you read this, Kevin McCarthy will have lost more elections than Pat Paulsen.

  • Stop me if you’ve heard this before: “More U-Haul Trucks Left California Than Any Other State In 2022, Texas Top Destination.”

    More moving trucks left from California than any other state in 2022 for the third year in a row, while more Americans are flocking to Republican-led states like Texas and Florida, a new study published on Jan. 3 has found.

    The study was conducted by the moving truck rental company, U-Haul, and found that Texas, Florida, and the Carolinas were the preferred destinations for one-way moving trucks in 2022, with those states ranking as the top growth states on the annual U-Haul Growth Index.

    U-Haul’s Growth Index is compiled according to the net gain of one-way U-Haul trucks arriving in a state or city, versus those departing from that state or city each calendar year across the U.S. and Canada and is a strong indicator of what kind of job states and cities are attracting and maintaining residents, according to the company.

    Texas is the top destination for U-Haul trucks for the second consecutive year and the fifth time since 2016, according to the study. That is followed by Florida, which has been a top-three growth state for seven years in a row. South Carolina, North Carolina, Virginia, Tennessee, Arizona, Georgia, Ohio, and Idaho also saw strong growth rates in 2022, the study found.

    I think I’ve posted a variation on this story just about every year I’ve published this blog…

  • Speaking of people fleeing high taxes, New York is hemorrhaging taxpayers as well.

    From July 2021 to July 2022, 300,000 more people moved out of the state than moved in. New York had the largest population loss—in both percentage and absolute terms—experienced by any state during that period.

    Sadly, this was both predictable and preventable.

    In March 2021, a study of New York found that its already staggeringly high tax burden had worsened due to an increase in the top marginal tax rate to almost 15% for those in New York City. The study projected that the flood of people leaving would only accelerate—and it did.

    Even before that study, the Empire State lost so many people that it cost New York a seat in Congress after the 2020 census. This exodus is a direct response to New York’s obscenely high taxes.

    Just how bad is it? Compared with other states, New Yorkers:

    • Pay the highest total tax burden and highest share of personal income (14%) in taxes.
    • Endure the second-worst overall business-tax climate.
    • Face the highest individual income-tax rate and income-tax collections per capita.
    • Pay the second-highest state and local corporate income tax collections per capita.
    • Have the fourth-highest property taxes and local sales-tax rate (on average).
    • Pay the highest cigarette taxes and ninth-highest gasoline taxes.
    • Pay the sixth-highest capital-stock tax rate.
    • Are tied for third-highest estate-tax rate.

    (Hat tip: Stephen Green at Instapundit.)

  • Speaking of California: “California Officially Becomes a Sanctuary State for Child Mutilation.” (Hat tip: Stephen Green at Instapundit.)
  • Things that make you go “Hmmm“: “Virgin Islands AG Fired Three Days After Suing JPMorgan Over Jeffrey Epstein.”
  • Three Biden tax hikes that took place January 1. (Hat tip: Ed Driscoll at Instapundit.)
  • Remember how I’ve noted that semiconductor memory manufacturers make money hand-over-fist in boom times and barely break even during busts? “Samsung Profits Plunge 69% As Global Chip Demand In ‘Full-Fledged Ice Age.'”
    

  • Turnabout is fair play: “U. Houston Prof Tells Students to Report Teachers Berating ‘White People or Christians to DEI Office.'”
  • Denver Mayor Michael Hancock takes pride in virtue signaling his city as a refuge for illegal aliens. Guess what?
  • Former Pope Benedict XVI dies at age 95.
  • Thanks to green energy policies and the Russo-Ukrainian War, it’s now too expensive to break bread in Europe. (Hat tip: Instapundit.)
  • U.S. passes Qatar as world’s largest LNG exporter.
  • “How is it like being homeless in Portland?” “It’s a piece of cake really.”
  •  Jordan B. Peterson: “People camouflage themselves against the herd.”
  • This story should piss you off. (Hat tip: Dwight.)
  • Drone swarm vs. carrier group simulation.
  • Ouch!
  • Some pretty amazing skiing.
  • Cereal experiments lame.
  • LinkSwarm for July 9, 2021

    Friday, July 9th, 2021

    Greetings, and welcome to the return of the Friday LinkSwarm on Thursday! My Mac is working, my house is clean, and I have a newly painted master bathroom with a new floor and a new toilet.
    
    Some links are new, some from a week or two ago.

  • “Defector Provides Evidence That the Chinese Military Orchestrated the Creation of COVID-19 and Lab Leak.”
  • Minneapolis: “Black Lives Matter activists block city council member’s car until she signs statement that charges against rioters will be dropped.”
    

  • “Peter Daszak – whose ‘EcoHealth Alliance’ funneled U.S. taxpayer cash to the Wuhan Institute of Virology – defended SARS gain-of-function experiments that potentially rendered the virus ‘capable of directly infecting humans’ in a Nature article unearthed from November 2015.”
  • Know who else was funding Peter Daszak’s research? Google.

    The unearthed financial ties between EcoHealth Alliance and Google follow months of big tech censorship of stories and individuals in support of the COVID-19 “lab leak” theory.

    The Google-backed EcoHealth Alliance played a critical role in the cover-up of COVID-19’s origins through its president, Peter Daszak.

    Daszak served on the wildly compromised World Health Organization’s (WHO) COVID-19 investigation team. He championed the efforts to “debunk” the lab origin theory of the virus, despite mounting support for the claim…

  • When it comes to the factors that helped mislead the public about Flu Manchu, Daszak’s name comes up again and again:

    The more we learn about Peter Daszak, one of the main villains of the COVID epidemic, the worse it gets.

    Daszak is president of EcoHealth Alliance, a nongovernmental organization mostly funded by the US government. EcoHealth passed some of that money on to the lab in Wuhan, China.

    It was Daszak who organized the letter in The Lancet from February 2020 dismissing as “misinformation” claims that the virus may have originated from the Wuhan Virology Lab. The letter created the illusion of consensus, which internet companies proceeded to enforce through censorship, and the media reinforced by constantly interviewing Daszak ­himself.

    There might be journalistic value in hearing from the Chernobyl plant director about all those clouds floating over Ukraine. But if he suggests the rash of mysterious sores and cancers were due to a faulty shipment of microwaves recently arrived in Pripyat, you’d probably think he was engaged in a bit of “motivated reasoning.”

    Apparently not the World Health Organization, which invited Daszak to join their microwave hunt in Wuhan.

    In the last two days, Daszak has been removed from The Lancet’s own UN-backed commission investigating COVID’s origins, though whether he removed himself or was fired remains unclear.

  • I’m sure you’ll find it shocking that Daszak defended Fauci-funded gain-of-function research.
  • Haiti’s President whacked:

    Haitian president Jovenel Moïse was assassinated on Tuesday night in an attack on his home, the nation’s prime minister announced.

    First lady Martine Moïse was hospitalized for gunshot wounds she received in the attack. Unidentified gunmen broke into the president’s residence on the outskirts of the capital Port-au-Prince during the night and opened fire on the couple.

    “A group of unidentified individuals, some of them speaking Spanish, attacked the private residence of the president of the republic and thus fatally wounded the head of state,” Prime Minister Claude Joseph said in a statement. “The country’s security situation is under the control of the Haitian police and the armed forces of Haiti. . . . Democracy and the republic will win.”

    Moïse has ruled by fiat for the past two years after Haiti failed to hold elections and the parliament dissolved. Meanwhile, a new prime minister, Dr. Ariel Henry, was scheduled to be sworn in on Wednesday.

    Opposition figures said Moïse should have stepped down on February 7 of this year to complete a five-year term, and after Moïse refused to leave office thousands of Haitians protested in the streets. The government responded by arresting 23 people, including a senior judge and police official, whom Moïse accused of conspiring to assassinate him.

    He might have been right! But it’s not like Moise was some sort of Jeffersonian paragon:

    Haiti has experienced growing instability during the administration of President Jovenel Moïse, withunrest, high rates of inflation, and resurgent gang violence. The government’s failure to hold elections in October 2019 resulted in the terms of most of the Haitian legislature expiringon January 13, 2020, without officials elected to succeed them. Moïse is now ruling by decree. The judiciary is conducting ongoing investigations into Moïse’s possible involvement in various corrupt activities, which the president denies. Haitian Senate and Superior Court of Auditors investigations allege embezzlement and fraud by current and former Haitian officials managing $2 billion in loans from Venezuela’s PetroCaribe discounted oil program.

  • Speaking of getting whacked: “John McAfee Found Dead In Prison Cell After US Extradition Approved.” Ahem:

  • Also related:

  • Portland Can Blame ‘Woke’ DA Schmidt and Singer John Legend for the Police Riot Squad Walk Out.”

    It took 18 months of steady abuse by rioters and their overlords at city hall for Portland cops to say “no mas” and tap out. As one retired Portland police detective said, “If anyone did to a horse or a dog what has been done to PPB cops for 18 months, that person would have amassed hundreds of counts of felony animal abuse, but it’s perfectly OK to do it to cops, wholesale, and with an army of anarchist pals.”

    The police officers in the Portland riot squad, officially called the “rapid response team (RRT),” still work for the agency, but will no longer volunteer themselves for the duty that resulted in “nearly all” members being injured with “broken bones, torn ligaments, and cartilage, traumatic brain injuries, hearing damage, damaged eyesight, lacerations and burns,” in the words of the resignation letter sent to the chief by the squad’s leader.

    Expect more of this.

    Snip.

    The chaos started at the top by assuming rioters were victims and cops were criminals.

    In their letter, RRT leader Lieutenant Jacob Clark said rules on the books for dealing with protests and riots didn’t change, but interpretation of those rules changed often and were in conflict with interpretations by council members, the city attorney, and others. Worse, the changes in the interpretations were applied retroactively and officers, staying within the limits of the law, were suddenly written up under a new interpretation of the rules.

    Snip.

    You can trace the walkout by Portland cops directly to efforts that began with George Soros.

    Singer John Legend and BLM co-founder Shaun King followed Soros’s lead and poured money into the campaigns of district attorney candidates who believe cops are the problem, not the solution to keeping order. In fact, keeping order isn’t really a thing for these activists.

    In both cities, Leftists poured money behind DA candidates who promised to free criminals and do what they could to stick it to cops and police departments. Portland got Mike Schmidt and LA got carpet bagger George Gascon. These DA’s, aided by unhinged city council members – Jo Ann Hardesty in Portland, Kshama Sawant in Seattle, and their allies in city bureaus – have created less safe cities.

    Seattle’s city attorney and King County prosecutor’s lack of prosecutions against actual criminals – because woke ideology – has turned the Emerald City, like Portland and San Francisco before it, into a homeless encampment with no rules, free-flowing drugs, and free rent.

    Sounds familiar

  • Black mom slams Critical Race Theory at Loudoun County school board in Virginia:

  • You know that predicted lockdown baby boom? The exact opposite happened:

    Nine months after the declaration of a national emergency due to the emergence of the Covid-19 pandemic, U.S. births fell by 8% in a month.

    The December drop marked an acceleration in declines in the second part of the year. For the full year, the number of babies born in the country fell 4% to about 3.6 million, the largest decline since 1973.

  • The idea floated by Democrats that Republicans called for defunding the police is such ludicrous bullshit that even the Washington Post called them out for it. (Hat tip: Stephen Green at Instapundit.)
  • Michael “Creepy Porn Lawyer” Avenatti sentenced to two and a half years in prison over Nike extortion case. Let’s take a stroll through memory lane over the endless MSM fawning over Avenatti:

  • 40 “progressive” groups sent Biden a letter saying that he shouldn’t let trivia like “Uighur concentration camps” outweigh pursuing the glorious illusion of working with China on “climate change.” What’s a little thing like “genocide” compared to self-righteous self-delusion?
  • UT has a CRT problem:

    s I previously reported, earlier this year, the University of Texas at Austin (UT) went off the deep end of all things “woke” and politically correct.

    Despite warnings from alumni, faculty, and organizations like the Foundation for Individual Rights in Education and the National Association of Scholars, UT quietly adopted a “Strategic Plan for Faculty Diversity, Equity, and Inclusivity” that is genuinely chilling. Among other questionable practices, this plan institutionalizes the Critical Race Theory version of “equity” (equality of results, as opposed to equal opportunity, nondiscrimination, and meritocracy) as the paramount driver of decisions on hiring, promotion, tenure, leadership positions, and even teaching awards and endowed chairs at UT. It also creates a bureaucracy of diversity commissars in each college to enforce the new orthodoxy and mandates re-education of virtually all faculty in the new catechism.

    UT insiders tell me this plan was the brainchild and pet project of UT Vice Provost Edmund Gordon, a pronounced CRT advocate. UT’s adoption of this extraordinarily ill-considered plan was the last straw for me (and, based on responses I have received to my article, apparently many other UT alumni as well). UT President Jay Hartzell’s response to this criticism has been to ignore it, which seems to be his preferred modus operandi. President Hartzell’s calculus appears to be that, with the Texas legislature now safely adjourned from its biennial session. UT can continue on its merry way, unmolested by the unenlightened peasantry.

    He may be in for a rude awakening.

  • Russia unveils world’s largest submarine. I’m sure it will be well-engineered and quite capable (Soviet subs were), but I’m betting those “Intercontinental Nuclear-Powered Nuclear-Armed Autonomous Torpedoes” are almost pure vaporware.
  • More details of Mossad’s badass intelligence raid on Iran back in 2018.
  • The story of a woman who fell two miles from a plane and survived landing in the Amazon rain-forest.
  • Stop Extending the Eviction Moratorium. It’s a heavy burden both for landlords and for tenants who play by the rules.”
  • “Troy ISD to Consider $135 Million Tax Break for Solar Company that Pledges to Create One Job.”
  • Wells Fargo ending personal and portfolio lines of credit. Except for my mortgage, I don’t use credit these days.
  • “Hedge Fund That Bet Against GameStop Shuts Down As Backers Pull Money.” “White Square Capital, run by a former Paulson trader, has announced that it will return capital to shareholders. Some of the FT’s sources said the decision was likely due to heavy losses stemming from the firm’s GME short.”
  • Man wakes up to find $1.1 trillion in his Coinbase account. I think I could live on a mere half of that…
  • An $11 billion tunnel through the Alps.
  • The world’s most remote buildings.
  • When you go to church and a wrestling match breaks out:

  • Subway’s tuna sandwich isn’t.
  • I should probably save this one for Halloween:

  • Boom:

  • I think you may have overtorqued that.
  • “Biden Announces Putin Meeting Was A Success, Hunter Now Has A Job With Russian Pipeline.”
  • Requisite funny dog video:

  • Tax Cut Passes, Millions Not Dead

    Thursday, December 21st, 2017

    So tax cut bill finally passed the House and the Senate and is headed to President Donald Trump’s desk to sign.

    Not a single Democrat voted for the bill, House or Senate.

    It’s not a perfect bill, but there are a lot of good features:

  • “Lower Individual Tax Rates. The framework lowers rates for almost every tax bracket. The current seven brackets remain, but with new, generally higher income thresholds and lower rates.” Here’s a table from Business Insider:

  • Larger Standard Deduction. The standard deduction is almost doubled, consolidating the additional standard deduction and personal exemptions into one larger deduction. For married joint filers, the deduction will be $24,000; for single filers, it will be $12,000. The expanded deduction simplifies tax filing by cutting the percentage of tax filers who will need to itemize their deductions in half. Approximately nine of 10 taxpayers will simply claim the new standard deduction.”
  • Lowered corporate tax rate to 21% down from a highest-in-the-world 35%.
  • Short-term business expensing incentives:

    Temporary Expensing. The bill expands the current-law 50 percent bonus depreciation for new short-lived capital investments to 100 percent or “full expensing” for five years and then phases out over the subsequent five years. Expensing allows companies to deduct the cost of investments immediately and removes a current tax bias against investment.

    The bill also expands expensing for small businesses under Section 179 by raising the cap on eligible investment from $500,000 to $1 million. The phaseout increases from a $2 million cap to a $2.5 million cap on total equipment purchases. In 2022, businesses will no longer be able expense their research and development costs; this is a step in the wrong direction toward longer write-off schedules rather than toward expensing.

  • “For a vast majority of Americans, the Tax Cuts and Jobs Act will lower their federal tax bill in 2018. This is accomplished through lower tax rates, a larger standard deduction, and an expanded child tax credit. Most of the individual tax changes revert to current law before 2025 to meet political constraints and Senate budget rules. Although temporary tax policy is never ideal, the expirations give Congress an incentive to revisit the tax code in the coming years to provide more far-reaching and permanent reform.”
  • The hated ObamaCare mandate has been eliminated.
  • The not-great part:

    Many Special-Interest Subsidies Remain. A large subsidy for domestic manufacturing is eliminated, but most other credits and deductions marked for repeal in the original House bill remain in the conference report. Among the surviving subsidies are tax credits for electric vehicles, wind-energy production, energy-efficient buildings, historic rehabilitation, orphan drugs, new market investments, and employer-provided child care. The conference report also adds a new tax credit for employers who provide paid family and medical leave.

    The tax foundation estimates that taxes will go down for almost every household.

    The reaction from various businesses was swift: AT&T, Comcast, Wells Fargo and Boeing all announced they’ll be handing out raises and bonuses in the wake of the bill’s passage.

    Despite predictions to the contrary, America still seems to be intact and millions have not been slain in the wake of its passage.