By: Economic & Finance Report

Every year there is a study of the top best stock exchanges in Africa. Last year’s (2016) study was conducted by Jamelle Cole, CFA, CPA for Relentless Investment Research.

Mr. Cole’s analysis included indicators such as trade data, historical dividends, company evaluation/information, and trading hours by their respective exchanges.  Each category for each trading exchange; the highest number they could possibly accumulate was a 5.

The top 10 stock trading exchanges in Africa that made the list for 2016 (last year) in numerical order, were countries such as:

  1. CSE (Casablanca Stock Exchange) (Morocco)
  2. ZSE (Zimbabwe Stock Exchange) (Zimbabwe)
  3. NSE (Nigerian Stock Exchange) (Nigeria)
  4. LuSE (Lusaka Stock Exchange) (Zambia)
  5. EGX (Egyptian Exchange) (Egypt)
  6. GSE (Ghana Stock Exchange) (Ghana)
  7. JSE (Johannesburg Stock Exchange) (South Africa)
  8. USE (Uganda Securities Exchange) (Uganda)
  9. BSE (Botswana Stock Exchange) (Botswana)
  10. NSE (Namibian Stock Exchange) (Namibia)

There you have it; these are top stock and securities exchanges in Africa, for the year 2016. We shall see what the list has forthcoming in 2017…..-SB

*Study conducted by Mr. Jamelle Cole, CFA, CPA *Source: Relentless Investment Research*

Give Us A New Federal Tax! Please! Data Is The Newest And Most Proliferate American Business, Whose Growing Wealth Remains Free Of Taxation !!!!!!!!!

By: James Lymon BSAE, BSEE, MSSM

Economic & Finance Report

Every day, across America, across the whole world, innumerable faceless, seemingly nameless companies slither across the internet to slip into peoples computers and root around gathering information and data about us with the intent of selling and reselling that data to other companies for a profit. All without our knowledge or consent. We are never aware when they are there, what they are copying or what will ultimately be done with it. And for them it’s virtually free! They come into our various computers (desk top, lap tops, tablets, smart phones and old fashion flip phones) to root around looking for any data which might be marketable to someone, then leave to come again at a later date, hopefully not damaging our software or data because their programs where not fully thought out or tested. Then someone else comes in to repeat the process. And what do we get from of all this– aside hopefully no damage to our data and systems?

NOTHING!! Absolutely nothing!

These are our computers, our systems, paid for by us, with our money which we earned through our labors, yet untold businesses feel these computers are their’s to do as they please! Like someone walking uninvited into your house, strolling around making notes of things, taking pictures of this and that, then casually walking out without so much as a howdy there or even a cursory smile. Just as if your house belongs to them and not you. Needless to say, like many other Americans, this somewhat rankles me. After all … all this data is used to manipulate, maneuver, coax, dupe, sway and cajole people for commercial and political gains. Since they are making money harvesting data from our possessions, then we should at least get paid for it, right? But how? Well, maybe it’s nearly impossible to get paid directly for information gathered, but how about indirectly? How about if all the data gathered from everyone had to be paid for, then those proceeds go towards things which benefits all us little people … like maybe health care that everyone is so worried about?

How about if the Federal government was to tax all data acquired through computers or bought and sold to other users of that data? How about a data transfer tax based on a fix rate per byte of data transferred? Right now, there are vast quantities of data being harvested from us, stored, bought and sold over and over for huge profits … and it’s all free as far as we and the government are concerned. A huge new industry of data that unlike other commodities such as oil or consumer goods, goes untaxed, untouched like back in the good old heady days of laissez-faire capitalism.

Let’s say there was a tax rate of one-hundredth of one cent of hard cold American cash currency for each byte of data transferred. So, if one of these companies comes into your computer and helps itself to two hundred bytes of data or information, then there would be a tax of $0.01 X 200 or 2 cents owed to the Federal government. You say, ‘Well so what’! Two cents … that’s nothing but a joke! What difference does that make?’ But for that same company to go into a million people’s computers and harvest data, that’s $20,000 revenue. And for a thousand similar companies, that totals up to $20,000,000 … and twenty million bucks is no longer something to sneezed at. But that’s only the start. Each time that company sells those chunks of data, the transfer is taxed again, so if sold to ten other companies, that’s another $200,000 each for a total of $220,000 in revenue. Then if a buyer such as one of the data mining companies purchases that data, it may resell it tens or hundreds of times, generating untold wealth for the American people.

You see, that two cents multiplies itself many times over into millions of dollars!

I have no idea just how many bytes of data are transferred between computers each year, nor would I dare a guess. I just know that it is tremendously huge! Other business are subjected to inventory taxes, that is taxes on the value of physical property they hold to sell to create their revenues. But data is just waves of electrical impulses on a wispy cloud of electrons, not physically visible to the human eye, and hence, unlike other inventories, goes untaxed. But when it moves from one computer to another across the internet, it becomes visible and therefore accountable. At that time of visibility, it becomes a taxable entity.

The youth of America are heavy users of data machines, creating much of the new data being bought and sold, providing the machines at their own expense which allows all this harvesting of data. Since the millenniums are facing an ever increasing burden of taxes because there are fewer of them to support more and more of their elders, it’s quite natural they would welcome a method of taxation that could reduce what’s now taken directly out of their pockets. Get some real payback for the use of their private property, which so many business consider as 0open range0 for any enterprise to come in and use as they please and see fit.

After all, why should we the people fork out our hard earned cash for taxes while all those data enterprises go scot free?

EPISODE 12 EFR PODCAST: ECONOMIC REFORM 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Economic & Finance Report

Back with the latest episode of the EFR podcast; the first episode of the new year, Businessman Bassey along with co host James Lymon and super engineer KH (Kyle Harper), speak on economic and financial developments that occured in the first quarter of 2017.

Topics range from the economy, stock market, wall street, IPOs, companies, wages, labor, global markets, investing, people, and business talk across the economical and financial spectrum…… Check the episode below… Stay Blessed & God Bless-SB


By: Economic & Finance Report

Snap Inc (Snapchat) opened and closed today on the tech boards. It was one of the few Tech IPO’s that successfully launched in 2017, thus far.  Analysts had placed the valuation of Snapchat @ $24 share, and it skyrocketed closing 44% higher then when it started. It beat expectations closing above the $24/share prediction by observers.

Snapchat is trading under the ticker symbol SNAP on the NYSE.  The market capitalization of Snapchat is around $33 billion dollars, noted by analysts and researchers alike.

Snapchat mobile app, was created by 26 year old tech  billionaire Evan Spiegel and co founders Bobby Murphy, Reggie Murphy, when they were college students at Stanford. -SB

TRUMP’S BOX TRAP: Has President Donald Trump Boxed Himself; In Regards To Returning Manufacturing Jobs To AMERICA????

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

One prominent theme of Donald Trump’s campaign has been the fleeing of American manufacturing jobs to foreign shores and his determination to first stop, then reverse the flow of American manufacturing jobs to lands of cheaper labor. This is based on a popular American perception of cheap foreign labor being why manufacturing has moved to foreign lands. As so often the case, reality is far more complex than perception. The two major forces, which are never spoken of in our political discourse, and which Mr. Trump as a business man is very familiar with, are ‘High Capitalization’ and ‘Low Return on Investment’.

These are two basic terms than any undergraduate business major knows and understands, which makes it surprising that you never hear these terms in news stories about the flight of American manufacturing. For those with limited business knowledge, High Capitalization means it takes a lot of money to start and run a business, while Low Return on Investment means you’re not getting much for your money. For manufacturing you must buy expensive machinery and equipment, the raw materials to make things out of, land, buildings, tools, transportation … the mirid of things you see in any factory. Then you need money to run the business, money to buy more materials, money to pay bills and payroll while waiting for things you make to sell and the time your customers take to pay for them. Starting and running a manufacturing operation takes a lot of money, while software and retail based businesses require much less. Return on investment means how much money you make for all that money you’ve invested. Think of having all that money you poured into your manufacture startup in a bank savings account. In

one year, you get some amount of money from the interest paid by the bank. The interest is your return on investment. Now if you have $10,000,000 in this savings account, and you only get $25,000 in interest payment per year (0.25%)— you’re going to start looking for some other bank that pays more.

And that’s exactly what happened! By the early 1960’s, the American manufacturing segment began to realize it wasn’t making much money on all that money they had invested in manufacturing. So they begin looking for those other 0banks0, where investments would pay significantly better than manufacturing. Put simply … they didn’t want cheaper labor, they just wanted out of manufacturing! If labor cost was the principle issue, they would have simply moved their factories to the southern states, especially those having right to work … and would have been welcomed with open arms of joy. As the sixties drew to a close, manufacturing enterprises were closing down their operations, pulling monies out to invest in those other banks … the emerging hyper consumerism economy of franchise restaurants and speciality stores, strip centers, shopping malls, consumer financing, big box stores and entertainment. All those things we now take for granted. The oil crisis of 1973 accelerated this movement resulting in the ‘Rust Belt’.

An important side bar to this is that at this same time the machine tool robots, which replaced the highly skilled machinist, were becoming available. American manufacturing had always been and remained concentrated in the north-east corridor because manufacturing required a large pool of highly skilled labor to draw upon. With the advent of robots, manufactures no longer needed that pool of skilled labor, so foreign investors could now either start up their own manufactures to compete with American companies or subsidize American factories moving in by providing the financing to build and establish manufacturing operations in their country. Either way, American companies were able to 0get shuck0 of their factories and used that money to make some real money, which they did.

Now as an engineer, I’m not in favor of the demise of manufacturing in America simply because it means less opportunities for my brethren. But more importantly, since the first modern war, the American Civil War, modern wars are fought and won … or loss in the factories. We no longer have the true military might we assume we have when looking at our array of modern weapons. For instants, it takes about 30,000 vendors and suppliers to manufacture a modern aircraft, with more and more of these now foreign based. We are now so deplete of industry to support our military operations, that during Iraq and Afghanistan operations, we had to buy such military basics as small arms ammunition from foreign manufactures.

Most of the flight of American manufacturing has already happened. If Mr. Trump intends to restore manufacturing to American, which we very much need, then he must successfully address those two business topics of ‘High Capitalization’ and ‘Low Return on Investment’. There’s not really much he can do for High Capitalization, after all, things cost and you can’t really avoid that. But the real stumbling point is that Low Return on Investment, because business will not sink their monies into enterprises that will make them little money. You wouldn’t with your money, so why would you expect anyone else to. That’s the real problem that Trump and the Congress must successfully address if manufacturing is to ever return to America.

However, even if successful in bringing some amount of manufacturing back to America, there won’t be the hay day of good paying manufacturing jobs as seen prior to the 1960’s for the simple reason that automation and robots have eliminated so many jobs in manufacturing. Another reason that cheap labor isn’t the driving force that American popular culture considers it to be. Nevertheless, the lack of a manufacturing base presents serious problems for our economic future, in particular with the continual deterioration of relations with China, who now provides so much of our manufactured goods.

Will taxes and tariffs provide the means to force a resurrection of American manufacturing? I don’t know, I haven’t seen any modeling of the problem. But either way, the economy could be in for some rough times, particularly militarily. Most people don’t realize that we spent the first two years of World War II just preparing for war. For America, 1944 onwards was the real war for Americans.

And in today’s world, we may not get that luxury of time again.


By: Economic & Finance Report

R. Alexander Acosta Dean of Florida International University’s Law School, has been selected to be the new US Labor Secretary. Mr.  Acosta is also the Chairman of the Board at U.S. Century Bank, he was former assistant attorney general of the civil rights division, under former President George W. Bush, and former US attorney for the Southern District of Florida.

After President Trump initial nominee, Mr. Andrew Puzder withdrew on February 16, 2017, Mr. Acosta’s name was in contention. Mr. Acosta has been nominated and proceeded before the Senate in several different occasions, so many experts believe he will be confirmed as Trump’s new Labor Secretary. -SB


By: Economic & Finance Report

Mr. Steven Mnuchin was confirmed and sworn in as the new US Treasury Secretary Monday evening, February 13, 2017. Secretary Mnuchin who takes the helm of the Treasury Dept from his predecessor Mr. Jack Lew, was a former executive at Goldman Sach’s (which seems to be a prerequisite in attaining the Treasury post; past Goldman Sach alum who have garnered at the helm of Treasury have been people such as Robert Rubin,  and Henry Paulson).

Secretary Mnuchin was also a Hollywood financier in the past, helping to assist in financing big blockbuster movies; as well as taking conservatorship of IndyMac, turning the loan entity, which happened to go bankrupt into a profit, before selling it for billions. -SB


By: Economic & Finance Report

Got off the jack with King Dave (Rico Recklezz manager), they just finished the video for the hot single ” Where U From”.C heck it out below…

New Single by Renegade Commander Rico Recklezz… check it out the new single “Where U From”, off of Rico Recklezz’s latest mixtape Call Recklezz…. Single is called “Where U From” feat Prince Eazy….. Check bio below -SB


By: Economic & Finance Report

 On Friday February 3, 2017, President Donald J. Trump signed his latest executive order; on the significance and obligation of the Fiduciary Rule as it is called. The Labor Dept last year instituted the Fiduciary Rule for the prevention of financial advisers, giving conflicting advise to retirees. The rule was meant to prevent misinformation and a conflict of interest between the adviser and his/her client (retiree).

The Executive Order issued by President Trump issues the Labor Dept to prepare implementations of economic and legal analysis of the rule in various areas, and that the Secretary of Labor has the authority to rescind and revise the rule as he/she sees fit. The order most likely will  go into effect immediately….-SB


By: Economic & Finance Report

President Donald Trump approved two major oil pipelines today, one being the Keystone XL pipeline and the other being the Dakota oil pipelines. Both pipelines were blocked under President Barack Obama’s administration. Both pipelines were cleared to help produce jobs in the midwest region going into Canada, but many environmentalists believe the projects hamper the environment and don’t create as much jobs as Republicans have indicated it would create.

The pipelines have created major debate between environmentalists and job creators about the issue, and the debate has been lingering on for the past couple of years. President Obama disavowed the approval of the pipeline in 2015 because he believed that climate change policies would be affected dramatically. Trump believed different on the issue stating that not approving the pipeline permits would affect the economy and job creation.

Both sides held compelling arguments and as President Trump won the general presidential election; his argument saw the light of day. -SB