Economy
Tech Stocks Poised for Best Performance in a Decade (Adam)
It was supposed to be the year that the U.S. lost faith in Silicon Valley. Big names in tech were plagued with bad headlines in 2019, from antitrust probes to mounting scrutiny over data privacy to technology executives facing bipartisan grillings on Capitol Hill.
China Sentences Ex-Chairman of Hengfeng Bank to Death (Don R.)
The conclusion of the trial underscores the troubles faced by Shandong-based Hengfeng Bank, which earlier this month became the latest regional lender in need of a rescue. The bank sold new shares for about $14 billion to a group of investors including a unit of China’s sovereign wealth fund and a local government-backed asset management firm.
Average US Family Can’t Afford A Home In 71% Of The Country (Adam)
“The Greatest Economy Ever” could be a reality for the top 10% of Americans who are a majority of the asset owners and have benefited from the Fed pumping trillions of dollars into the financial markets over the last decade. Still, the middle class has been wiped out, now referred to as the bottom 90%, most of them have been left behind and can’t purchase a home in a majority of the country.
Something has to change in the early 2020s, or the extreme wealth inequality that is building up could lead to social unrest. We’re sure the Fed, government and financial elites have a plan to launch People’s Quantitative Easing to thwart riots.
The Ultra-Wealthy Who Argue That They Should Be Paying Higher Taxes (tmn)
In March, 2018, she received a Facebook message from a custodian at Disneyland who was asking for help. He said that many workers there were barely able to survive on what they were paid, and that their union was fighting for a fifteen-dollar-an-hour minimum wage, without success. The local press had recently published several sensational reports about Disneyland, including a story about a sixty-one-year-old night janitor at the Disneyland Resort who had died, alone, in her car, where she had been living. That year, the Walt Disney Company had reported almost thirteen billion dollars in profit; the night janitor was estimated to have been earning thirteen or fourteen dollars an hour.
He wrote on Facebook, “Because middle housing is what’s most affordable for low-income people and people of color, banning that housing in well-off neighborhoods chalks up to modern-day redlining, locking folks out of areas with better access to schools, jobs, transit, and other services and amenities.”
Forecast 2020 — Whirlin’ and Swirlin’ (thc0655)
One might suppose that the crypto-Gnostic Wokesters had carried their lunacy far enough in 2019 with the Tranny Reading Hours, the firings of distinguished faculty who insist that biological reality means two sexes, and much much more. It was also the year of The New York Times’s “1619 Project,” a pseudo grad-school-style attempt to rewrite US history as entirely inspired by racism. And then there’s Greta growling “How dare you” at the world with that spittly grimace of pubescent moral superiority. Who of right mind in this land is not sick of this fucking nonsense?
Scientists on where to be in the 21st century based on sustainability (Adam)
Five scientists have written a peer-reviewed article about where the best and worst places will be in the future in America based on how sustainable a region is when you take into account climate change, energy reserves, population, sea-level rise, increasingly strong hurricanes, and other factors. Three of the scientists, John W. Day, David Pimentel, and Charles Hall, are “rock stars” in ecology.
Inflation: Dead or Alive? (GE Christenson)
Stagflation, such as the United States in the 1970s, is dangerous for individuals, corporations, stock markets, and governments. Consumer prices rise, profits shrink, and individuals suffer as their expenses increase faster than incomes. Unemployment expands, government “does something” and deficits jump higher.
How to live longer: The best diet to increase life expectancy according to new study (Adam)
Long life expectancy can be attributed to a person’s diet – a healthy, balanced diet has been proven to improve longevity. Experts recommend eating at least five portions of a variety of fruit and vegetables every day, basing meals on higher starchy foods like potatoes, bread and rice, having some dairy or dairy alternatives, eating some protein, choosing unsaturated oils and spreads, and drinking plenty of fluids.
Move Your Body, Bolster Your Brain (jdargis)
Considerable scientific evidence already demonstrates that exercise remodels brains and affects thinking. Researchers have shown in rats and mice that running ramps up the creation of new brain cells in the hippocampus, a portion of the brain devoted to memory formation and storage. Exercise also can improve the health and function of the synapses between neurons there, allowing brain cells to better communicate.
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The post Daily Digest 12/30 – Average Family Can’t Afford A Home In 71% Of U.S., How To Live Longer appeared first on Peak Prosperity.
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