SENATOR KAMALA HARRIS CHOSEN AS JOE BIDEN’S VP CANDIDATE!!!!!!!!

By: Economic & Finance Report

Former Vice President Joe Biden has chosen California Senator Kamala Harris as his Vice Presidential candidate. Senator Harris was a presidential candidate during the 2020 Democratic primaries but fell short in clinching the nomination, which eventually went to VP Joe Biden.

Senator Harris will be the first woman of color on a major presidential ticket in US history. She will be the third woman on a major presidential ticket in US history. Ms. Harris is of Indian and Jamaican decent. Her mother is Indian and her father is from Jamaica.

Before becoming a VP prospect, she is currently one of the two senators representing California in the US Senate; prior to that Ms. Harris was California’s AG, and early on in the beginnings of her political career; she was San Francisco California’s AG. Senator Harris is currently married with two step children. -SB

Image Credit: www.wikipedia.org

26 August 2019

1) The industrialist David Koch and political activists dies at age 79. The billionaire is noted for using his fortune to support right wing political movements thereby reshaping American politics. Brother to Charles Koch, the pair were one of the richest people in the world. Mr. Koch die Friday in Manhattan after a long battle with cancer.

2) China is retaliating in the trade war by imposing a tariff on $75 billion dollar on imports from China. It’s a 10% addition on top of existing rates pushing the trade war up another notch, in retaliation for the tariff imposed on $300 billion dollars of Chinese imports. China is also reinstating tariffs on cars and auto parts originating from America.

3) The race for the next internet revolution is on with Bezos and Musk planning to use low orbiting satellites to provide broad band world wide service. Jeff Bezos’ Project Kuiper’ will used a constellation of 3,236 satellites for broad band internet communications with service costing lower than today’s high speed internet service, allowing Americans to save more than $30 billion dollars a year. While testing is now in progress, there are tentative plans to begin serving customers as early as next year.

4) Stock market closings for – 23 AUG 19:

Dow              25,628.90    down    623.34
Nasdaq           7,751.77    down    239.62
S&P 500          2,847.11    down      75.84

10 Year Yield:    down   at    1.53%

Oil:    down   at    $53.97

THE CAST PODCAST EP. #2: THE CAST HOT TOPICS

On podcast episode #2 hosts Sammy BE, Luisa L, and Savannah Bee discuss popular trending topics in entertainment, music, media, sports and politics.

The trio discussed topics ranging from the current separation of Cardi B and Migos member Offset, TMZ newsworthiness, NFL abuse problems, and updates on Tekashi 6ix9ine trial…

The group also discussed how MTA Bookings (Tekashi 69 former booking agency) cancelled an important interview with The Cast Podcast. Sammy BE details the back story on the cancellation of the prior interview.

This is an important podcast you don’t want to miss, so stay tuned..

THE CAST Podcast #2: Hot Topics Ep.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Website Platforms To Check Out:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.instagram.com/ModelGirlModelWorld (Savannah Bee)
www.twitter.com/ModelGirlModelWorld

4) www.EconomicandFinanceReport.com (Economic & Finance Blog)

5) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

6)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

7)www.SammyBuysHomes.com (Real Estate Investment)

8) www.TraderSoul.com (Financial Trading Website)

7 December 2018

1) The arrest of a top Chinese executive of Huawei, a major Chinese high technology company, caused world markets, including the Dow, to fall.  The Dow dropped 777 points before news that the Feds planned to slow down on increasing the interest rate was announced.

2) Research finds that millennials don’t have the money to spend that previous generations had.  The assumption has been a shift in spending habits, but with a millennial male making $6,600 dollars less than 1978 men, it appears they just don’t have the disposable income.  Working women haven’t made up the difference, opening the question about the future viability of our hyper-consumerism economy.

3) The EPA is expected to rollback back emission standards allowing coal fire powerplants to operate again without having to remove the carbon dioxide from burning coal.

4) 6 DEC 18     Stock market closings:

Dow                24,947.67         down      79.40
Nasdaq             7,188.26               up      29.83
S&P 500            2,695.95          down        4.11

10 Year Yield:     down   at   2.88%

Oil:    up   at     $51.52

30 November 2018

1) President Trump goes to G20 conference amid concerns for the near and far future of world economies, as countries are withdrawing into nationalism and protectionism.  While flying to the conference, Trump tweeted his cancellation of meeting Putin because of Russia’s recent aggressive actions against Ukraine.

2) Because of sever shortages of pork, a result of widespread disease in Chinese hog herds, China has resumed buying pork from America despite the trade war.

3) The pharmaceutical company Bayer announced plans to cut 12,000 jobs as a result of the Monsanto takeover.  This action is a result of restructuring because of losing a massive lawsuit over the weedkiller Roundup.

4) 29 NOV 18    Stock market closings:   The three day market rally ends.

Dow                           25,338.84       down          27.59
Nasdaq                        7,273.08       down          18.51
S&P 500                       2,737.76       down            6.03

10 Year Yield:      down   at    3.04%

Oil:         down   at    $51.33

The Monopoly Game for Millennials

The Democratic and Republican parties are both playing their own special game of monopoly leaving Millennials with the worst deal since the Indians sold Manhattan for only $24!

James Lyman BSAE, BSEE, MSSM

So how do the Democrats and Republicans play monopoly? Easy . . . taking their turn, each throws the dice, then moves their token piece those number of squares, pauses and looks at the token for a few seconds, then moves it back to square one. The other party does the same thing, returning to square one, then the process repeats, with no one playing any further around the board than that first throw. They stay on square one and don’t do anything else in playing the game. They accomplish absolutely nothing! There are frequent news reports and political commentaries about how the youth of America, the Millennials and Z-Generation, are disenfranchised with the two political parties, and this is why. Neither are doing anything about solving the problems of the youth, rather the parties are just farting around playing silly nonsensical games. Neither party is doing anything to help the young people to win the game!

Consequently, the young people of America are . . . most assuredly . . . getting the worst deal since the Indians sold Manhattan for just $24.

So no wonder the youth, the future of America, show no interest in either party . . . why should they when there’s nothing in the game for them? Why would a party’s nonsensical way of playing the Monopoly game hold any interest to the youth, when you’ve seen the whole game after just a few moves, and you know that nothing is being done to win the game? Now you may ask, ‘So just how are the two political parties playing this game in reality?’ Simple! For both parties, their only interest goes no further than campaigning to win elections, even when elections are two or more years away. They are fully absorbed in the mechanics and machinations of running political campaigns, their event horizon going no further than winning . . . or losing an election. Just that first move from square one, then start all over again.

That doesn’t win any games, because no problems are ever solved. And you don’t have to watch too many days of national news before one sees they are accomplishing absolutely nothing worth while. It’s just one big monkey-fight straight out of a Jane Goodall documentary film. Just a gaggle of hominids struggling to dominate and control the others for no other real reason than to dominate and control those of their species. You look at news reports and political commentaries and it’s all about polls, style, images and political strategies . . . where the news anchors have become little more than color announcers for some kind of political football game with their only dialogue being about the scores, points, touchdowns and fouls of the game, nothing of real substance or about the problems facing the Millennials and Z-Generation, let alone any real discussion about viable solutions to those problems. Nothing about obsolete people and displacement by technology, nothing about lost and limited opportunities, about how the young are slowly being squeezed out of the system . . . how for so many of them, there isn’t anything of a future to look forward too, to work towards. If you do see something like these items, it’s just a 2 minute 10 second filler because there’s nothing else to fill air time with. How do you seriously cover an important topic such as the availably of oil in just 2 minute 10 seconds, a topic that easily takes an hour to do any justice to understanding the problem. And without that understanding, you don’t have a prayer of successfully addressing a problem.

While the Democrats and Republicans play their silly little game of Monopoly, never getting past square one, and while the reporters, political pundits and newscasters have a wonderful fun filled time talking about the game and what individual politicians should do or not do to score a touchdown, the youth of America are being continually squeezed out of the social economic system. With 20 to 25% new college graduates unemployed or under employed, and 32% of young people still living at home because they can’t support themselves, the squeeze out is easy to see. And for my generation? Many feel and say that they’ve got their share of the pie, and therefore ‘so what’? What they don’t realize is we, the baby boomers, the Americans that are over forty, we are depending on all of the Millennials and Z-Generation to maintain a viable healthy economic system in America to support us. Because fix income people are the very first to suffer from the collapse of an economy, as we’ve seen many times in the last few decades.

Being squeezed out of the social-economic system by the three forces of: 1) technology displacement, 2) alienation and 3) the increasing cost to keep individuals in a high technology society, is why the young shun the two political parties. They feel they have nothing in the game, so why should they pay any attention. All the while we of the older generations, just blindly follow the goings on of the political scene, just as we do with any other sporting event, concerned only with seeing points scored by our team. So many of us don’t stop to consider that these ‘points’ have no real meaning in life, because they don’t solve any problems.

So the Monopoly game just goes on and on with nothing ever being accomplished.

And we never think anything about the absurdity of it all!

18 October 2018

1) President Trump has instructed the heads of departments to cut their expenditures by 5% in an effort to curb deficit.

2) Fears of another interest rate hike by the Feds has resulted in a drop in the stock markets.

3) Many American CEO’s are pulling out of Saudi Arabia’s investment conference, ‘Davos in the Desert’, sponsored by the crown prince.  There are now questions of long term investment stability in Saudi Arabia.

4) 17 OCT 18 Stock market closings:

Dow              25,706.68      down     91.74
Nasdaq           7,642.70      down       2.79
S&P 500          2,809.21      down       0.71

10 Year Yield:     up   at    3.18%

Oil:     $69.96   down    from    $72.26

24 September 2018

1) Moody’s estimates the losses from hurricane Florence and subsequent flooding between $38 to $50 billion dollars.  North Carolina’s agriculture industry has suffered major loses in both crops and livestock.

2) The American music industry is now getting 75% of its revenues from streaming sales, while overall music sales are rising.

3) The Brexit negotiations are now at an impasse.

4) 21 SEP 18    Stock   market   closings:

Dow               26,743.50           up       86.52
Nasdaq            7,986.96      down      41.28
S&P 500           2,929.67      down        1.08

10 Year Yield:     down   at    3.07%

Oil:      $70.71   up   from    $70.21

19 September 2018

1) China is out of ‘bullets’ in the US-China trade war. Because China imports so little American products, China can only counter President’s Trump’s $200 billion dollars with just $60 billion dollars in her own tariffs.  Both tariffs due to go into effect this next week.  China’s markets continue to drop in response to the trade war.

2) It is reported that Apple will be exempt from tariffs in the up coming $200 billion tariffs.

3) Strategist say that when unemployment and inflation rate are equal it foretells a recession, with three other signs:
(1) The yield curve has been flattening in recent months.
(2) Concerning signs of the credit market, personal debt (credit card) increasing.
(3) Concern with housing, a telltale sign of a downturn with home prices declining.

4) 18 SEP 18     Stock   market   closings:

Dow                  26,246.96       up          184.84
Nasdaq               7,956.11      up             60.31
S&P 500              2,904.31      up             15.51

10 Year Yield:     up   at   3.05%

Oil: $69.80    up   from    $68.85

27 August 2018

1) The EU (European Union) is warning about possible problems for Britain if she exits the union next year without the formal exit process.  Fears of higher credit card fees and delays in medical payment are among some of the possible problems.

2) The city of Chicago has a pension deficient of $28 billion dollars.  City leaders are proposing a $10 billion dollar issuance of bonds to gain the capital needed to continue its pension obligations, but this will further in debt the city.

3) China and US trade talks failed, causing the Chinese markets to free fall over the uncertainty of China’s economy.

4) 24 AUG 18     Stock  market  closings:

Dow               25,790.35     up     133.37
Nasdaq            7,945.98     up       67.52
S&P 500           2,874.69     up       17.71

10 Year Yield:     up   at   2.83%

Oil:     up   at    $68.52