#Australia #economy #coronavirus Prime Minister Scott Morrison says the Australian budget, to be delivered on 6 October, will be a “titanic effort” to return the country to economic growth hammered by the coronavirus chaos. PM Morrison told reporters Sunday that the budget will the “most unprecedented investment in Australia’s future.” Australia’s GDP shrank 7% in […]
$RACE There is no question that the C-19 coronavirus chaos has ripped its way through almost every aspect of life as we knew it in February. Even Supercar manufacturing was not immune to the effects of the medical emergency that swept the planet. Exclusive automakers the world shut down operations, including Ferrari (NYSE:RACE). But, things have turned […]
$RACE F1 has presented its long-term roadmap for budget reduction to the teams, with a decision expected next week. It is understood that figures include a cap set for $145-M in Y 2021, coming down to $140-M in Y 2022 and then to $135-M for Ys 2023-25. The targeted numbers are acceptable to midfield teams […]
$RACE Ferrari (NYSE:RACE) said it is committed to F1 after reports Thursday that the sport’s oldest and most successful team could walk away if a proposed budget cap for Y 2021 was set too low. Seems like Liberty Media got the word loud and clear. Ferrari was prepared to quit F1 it was declared in […]
$RACE Ferrari (NYSE:RACE) says it is making financial sacrifices in the negotiations over their future in F1 after Y 2021. The move will assist the smaller teams in the sport to make sure it is economically viable as a venture. Ferrari’s F1 2021 ‘rule model’ pictured above. A budget cap of $175-M is going to […]
Ferrari (NYSE:RACE) says it is prepared to invest more money in its F1 team, including building a new simulator, as it expects a “significantly more expensive” 2020. The iconic Italian team’s defeat by MercedesAMG in Y 2019 ensured it ended the decade without a championship success in F1, as its title drought stretched to an […]
When the US government formally asked NATO partner Germany to join in freedom-of-navigation patrols in the Strait of Hormuz, where Iranian gunboats have seized other nations’ ships, detonated mines, and flouted international law, it did so with an inducement. Tamara Sternberg-Greller, the spokesman for the US embassy in Berlin, remarked: “Members of the German government […]
Thursday, US Treasury Secretary Steven Mnuchin said that negotiators have reached an agreement on the core elements of a deal to increase the government’s borrowing cap and set a $1.3-T overall level for the agency budgets that Congress passes each year. He told reporters that talks with House Speaker Nancy Pelosi, (D-CA), have settled on […]
Trains are making a comeback, why? Ease of travel, inexpensive rates and gorgeous scenery makes traveling the rails incredibly attractive. And while European train routes get all the attention, there are a few routes in the USA that travelers should check out. So, skip another road trip this Summer and check out these 5 terrific […]
US Treasury Secretary Steven Mnuchin said Tuesday that his department intends to “follow the law” and is reviewing a request by a Top House Democrat to provide President Trump’s tax returns to lawmakers. Secretary Mnuchin also revealed that Treasury Department lawyers have talked to the White House counsel’s office about the question of releasing President […]
The Big Q: Yearning to walk on dazzling white sand, glide through warm turquoise water and feel gentle ocean breezes on your face on a lush tropical island somewhere? The Big A: If yes you are not alone, especially if it is cold outside But you may be thinking that heading off to a remote […]
We have all set our sights set on destinations well beyond our budgets. And often dream holidays can often seem frustratingly elusive, and cannot be turn them into realities. But, your next trip might not be as expensive as you think. As many exotic destinations are actually surprisingly affordable when you look into the details. […]
$OIL, $USO Saudi Arabia’s budget needs are causing Saudi Arabia to push for Crude Oil prices of at least $70 bbl this year, industry sources say, even though US Shale Oil producers could benefit and Riyadh’s share of global markets might be further eroded. Riyadh, OPEC’s de facto leader, said it was steeply cutting exports […]
$DIS, $CMCSA, $VIA, $CBS Us, the follow-up to ‘Get Out’ scored the 3rd-biggest horror opening of all time, while ‘Captain Marvel’ flew past $300-M in North America and $900-M globally. Us debuted to $70.3-M at the domestic box office over the weekend to scare up the 3rd-biggest horror opening ever. Overseas, Us took in $16.7-M from […]
Many if not most travelers are looking to save as much money as possible on their trip, sometimes it is worth it to splurge for a few nights in a luxury hotel. Whether it is a stunning location, historic building or just incredible luxury amenities, splurging on a fancy night in a luxurious hotel can […]
$GLD, $SLV, $USD FLASH: The Dem’s Green New Deal is silly and not worth our attention. But it implies we can have anything we want if the Fed extends credit. FACT: The 2 biggest US stock market rallies happened when the budget deficit was disappearing or had disappeared. Calvin Coolidge led the US through most […]
$RACE Ferrari (NYSE:RACE) plans to increase its F1 budget this season in a move to end the championship win drought, in a move that emphasizes its brand’s Grand Prix success. The iconic Italian supercar manufacturer has not won a title since its constructors’ championship success in Y 2008, and Kimi Raikkonen claiming its last drivers’ […]
$TWX, $SNE, $DIS, $VIA, $CMCSA ‘The Upside’ is a win for Kevin Hart and STXfilms; ‘Replicas’ marks a career worst for Keanu Reeves. Kevin Hart is proving his power at the box office again with the better-than-expected launch of The Upside. The dramedy beat Aquaman at the weekend with $19.6-M in a surprise victory. The Upside is also […]
The Many Benefits of Travel Travel brings with it many hidden benefits from decreasing stress to making you a more well-rounded person. Below are some reasons why travel is good for you and me! You are less likely to suffer a heart attack According to a paper presented by Finnish researchers at the European Society of Cardiologists […]
Ferrari’s (NYSE:RACE) CEO Believes ‘Little Progress’ Made on F1 Economic Issues $RACE CEO Louis Camilleri believes little progress has been made on F1 economic issues Ferrari’s (NYSE:RACE) new boss says that Liberty Media’s proposed budget cap is not exactly close to becoming reality. F1 owner Liberty wants to improve the sport by limiting the huge […]
When ‘On the Road’ Eat Well, Be Well Life’s regular schedules do not align with traveling, as the stress and upside down hours play havoc with our body. So, forget about fitting in regular workout between museum tours and activities. But, hang on, we can still eat well even when we are on the road, […]
President Trump Asks His Cabinet for 5% Cut in Next Year’s Budget Dubbing it the “nickel plan,” President Donald Trump announced Wednesday that he’s asking every Cabinet Secretary to cut their next-year’s budgets by 5%. “Get rid of the fat. Get rid of the waste,” President Trump told members of his Cabinet during a meeting […]
France’s Socialist Experiment Has Collapsed Its Economy “This is going to be a real bloodbath for the state and the public services,” French President Emmanuel Macron’s government must tackle social spending in the next wave of its reforms even though France will face a weaker growth outlook in next year. Prime Minister Edouard Philippe said […]
California Wildfires Continue to Burn California spent more than 50% of annual firefighting budget in 40 days At least 13 large fires raged across California Friday, threatening over 16,000 homes and leading to evacuation orders for nearly 25,000 residents in what is shaping up to be 1 of the worst fire seasons on record in the state. […]
More Tax Cut Legislation on ‘Fast Track’ House Republicans unveiled a Y 2019 budget proposal Tuesday to send a message to their core supporters that repealing Barack Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda. The budget, which claims to balance by Y 2027 through $8-T in spending cuts, seeks to […]
The Trump Expansion Continues to Deliver Jobs The US economy has delivered steady, modest gains for most Americans since the Great Recession ended in Y 2009. President Trump’s policies have extended what is now the 2nd-longest economic expansionon record and why more of the country might soon benefit from higher pay. The government said Friday […]
Ferrari’s (NYSE:RACE) F1 Budget Tops $570-M $RACE Ferrari (NYSE:RACE) is F1 auto racing’s most famous team and as such has the biggest racing budget. But, in the Maranello outfit’s latest financial statements contain the revelation that its research and development costs are actually reversing. In the past Ferrari’s finances were private. This started to change in […]
This Omnibus $1.3-T Spending Bill, Much More of the Same The Big Q: Why is our President afraid of a government shutdown? Friday, our President reached out to the Democrats, gave them what they wanted (could never gotten under Hussein Obama) and sent an Olive Branch at Robert Mueller. And in return for what? Thus, […]
US Economy Can Handle Trump Budget Deficits The US economy can handle the trillion-dollar deficits that are forecast to result from President Trump’s budget proposal released Monday. “The deficit is going to be 5.5% of GDP for FY 2019. Over 10 years, it’s going to average about 3.5% ,” economist Larry Kudlow said pointing out […]
President Trump’s Federal Budget is the Start of Reduced Spending President Donald Trump’s spending plan is the “start” of the government reigning in spending, particularly in entitlement programs, according to Republican National Committee (RNC) spokeswoman Kayleigh McEnany. “We think this budget is the 1st start” of reigning in spending, she said, pointing to a proposed […]
US Stock Markets Oversold, Up Strong Again Monday $DIA, $SPY, $QQQ, $VXX Technology and Financial issues led Wall Street’s Key indexes higher for a 2nd strong session running Monday, with steady bond yields and volatility also helping the stock market bounce back from its worst proformance in 2 years. Helping the market were gains of […]
US Budget Deal to Support “Our Great Military” President Donald Trump praised the 2-year budget agreement as “so important for our great military”— adding “Republicans and Democrats must support our troops and support this bill.” The nearly $400-B deal does not include President Trump’s $25-B request for a Wall on the southern US border, though […]
Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected $DIA, $SPY, $QQQ, $VXX The Bull Market is on track to mark its 9th birthday on 9 March 2018, with the S&P 500 climbing 19.4% in Y 2017, its biggest run since 2013. The drop in the corporate tax rate in Y 2018, to […]
Expecting The Trump Stock Rally to Extend into the New Year $DIA, $SPY, $QQQ, $VXX UU stocks are expected to keep rising in Y 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits The Bull Market is on track to mark its 9th birthday on 9 […]
US House Will Pass Budget Then Move Tax Reform Forward The US House of Representatives will pass its budget this week and that will move tax reform legislation forward, House Majority Leader Kevin McCarthy said Wednesday. “A vote for the budget is a vote to move tax reform forward,” the California Republican said in a […]
President Trump’s Tax Reform Imminent, as Senate Passes Budget $DIA, $SPY, $QQQ Late Thursday, Senate Republicans pushed a $4-T budget through in a major step forward for President Trump’s promise of massive tax cuts and reform. The 51-49 vote set the stage for debate later this year to dramatically overhaul the US tax code for […]
Secretary Mattis Wants to Stay, Aligns with President Trump on Defense America’s relationship with NKorea remains diplomatic, but the military must be ready in case the situation breaks down, Secretary of Defense James Mattis said Monday. In his Keynote address to the Association of the United States Army’s annual meeting in Washington, DC, Secretary Mattis […]
President Trump Signs Milestone Vet Medical Care Bill Veterans groups applaud the bill being signed. President Donald Trump signed an emergency spending bill that will put $2.1-B into a program that allows veterans to receive private medical care at government expense. Trump, who made improving Veterans care a central campaign promise, signed the VA Choice […]
The 3 Hurdles to 3% Economic Growth in the US President Trump’s 2018 budget assumes uninterrupted increases in the pace of economic growth during each of the next three years before real GDP growth levels out at 3% for every year thereafter. Our own forecast is less sanguine, as are those of the Congressional Budget […]
Keeping America Safe, WH Beefs Up The Defense Sector $DIA, $SPY, $QQQ, $VXX US President Donald Trump is expected to sign an ER (executive order) that will direct a review into whether United States military suppliers would have the ability to keep the military stocked during wartime. Nextgov reports that the Pentagon will lead the multi-agency review, […]
US Tax Reform, Healthcare, New Budget Done by September Expect Congress to move on 3 Key Trump Administration issues: healthcare, tax reform, and the budget by September. Members of the Senate have been regularly meeting to hash out a healthcare bill and a version of the White House budget that was given to Congress last […]
President Trump’s Budget, “No Free Lunch” When OMB director Mick Mulvaney unveiled President Trump’s budget, he used important language that we have not heard in many years. To paraphrase Mr. Mulvaney, the measure of budget success for The Trump Administration is not how much federal assistance is given out, but how many people leave government […]
President Trump’s Budget Is Pro-Taxpayers, Pro-Jobs, Pro-Growth President Donald Trump’s proposed Y 2018 budget will help to accelerate economic growth by 3.5 to 4% a year “Roll back regulations and grow, grow, grow. 3%, in my opinion, is minimal. They can do 3.5 to 4% if they get the tax cuts through ASAP,”Larry Kudlow, the […]
Robert Mueller has a Lot to Do Before He Can Investigate President Trump & Russia There are lots steps attorney Robert Mueller has to take to prepare to get any investigations going into Russia and President Donald Trump’s campaign, including but not limited ot submitting a budget and finding place for his team to work. […]
President Trump Sharpens His Tax Cut, Deregulation Message $DIA, $SPY, $QQQ, $VXX The Trump Administration is sharpening its focus and message on a tax plan that will win quick approval in Congress and help to boost the US economy. President Trump’s 1st 11 weeks in office have included executive orders to remove some of Barack […]
HUD Secretary Carson Promises Funding for Housing in Infrastructure Bill Housing and Urban Development’s (HUD) Ben Carson Monday promised funding for low-income housing. Addressing the National Low Income Housing Coalition Conference, Dr. Carson assured the gathering that “no one is going to be thrown out on the street.” “The part that people are not hearing […]
President Trump’s Budget: Fiscal Policy Moving in Right Direction Washington’s “swamp dwellers” hates President Trump’s new budget, meaning it is headed in the right direction This is a budget plan that will surgically remove trillions of dollars of wasteful spending from the super fat $3.9-T federal budget. Many agencies will have to live with cuts […]
President Trump’s Budget Cuts Off Cronyism What President Donald Trump’s budget does to the Department of Energy “is a breath of fresh air,” Heritage Foundation said in a statement Thursday. The Heritage Foundation argues that the Department of Energy (DOE), which is tasked with maintaining the nation’s arsenal of nuclear weapons, conducting nuclear research, and […]
President Donald Trump, ‘Without Safety There Can Be No Prosperity’ President Donald Trump sent out a tweet Thursday about his budget proposal. The President unveiled his $1.15-T budget proposal Thursday. It includes an increase in spending on the military and a down payment on a border wall between the US and Mexico. US Treasury Secretary Steven […]
“Featherbedders” Complaining as President Trump Slashes EPA Budget The Trump Administration announced it will slash programs aimed at slowing climate change and improving water safety and air quality, while eliminating thousands of jobs, according to a draft of the Environmental Protection Agency (EPA) budget proposal. Under the plan from the Office of Management and Budget […]
Many “Blue” States are Broke, Need Money Like O2 Many Blue stat Governors and state legislators say they are running out of money again, and many are demanding tax hikes to close budget gaps. More than 50% the states are facing big deficits this year, and they are mostly Blue states, including: California, Connecticut, Delaware, […]
The American Economy is Being “Unmuzzled” Virtually the whole world is beating up on The Trump Administration for daring to predict that low marginal tax rates, regulatory rollbacks, and the repeal of Barack Obamacare will generate in the years ahead economic growth of between 3% and 3.5%. In a TV interview last week, Treasury Secretary […]
Trump Team, National Debt Needs Attention Fast US Pesident Donald Trump’s pick for budget director Mick Mulvaney said the nearly $20-T national debt is the equivalent of an ordinary American family owing more than a $250,000 on their credit cards, a problem that needs to be “addressed sooner rather than later,” aka FAST. “Families know […]
Trump Team Revamping the US State Department Much of the recent media coverage of the new Trump administration has an air of hysteria about it. The barbarians are seemingly at the door and are actually taking over, the lights are going out over America and being replaced by darkness. This hyperbole seems to extend across […]
Trump Team Planning Huge Government Spending Cuts Donald Trump’s Administration staff is preparing to slash US government spending by $10.5-T over 10 years, and will start Friday, January 20th after his swearing in ceremony. Plans include privatizing the Corporation for Public Broadcasting (PBS)and eliminating the National Endowment for the Arts and National Endowment for the […]
US Budget Deficit Rises for 1st Time in 7 Years, More Borrowing Needed The US budget deficit as a share of the economy widened for the 1st time in 7 years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt. Spending exceeded revenue by $587.4-B in […]
Huge Risk Facing the Global Economy Global economy continued to face uncertainty and rising risks, Lou Jiwei, China’s Finance Minister, said on behalf of the G20 economies Friday. Uncertainty and risks, including elections in major economies, uncertain fallout of Brexit, rising expectation for rate hikes by the Federal Reserve, increased geopolitical risks and terrorist attacks, […]
OPEC to Limit Crude Oil Output for 1st Time in 8 Years $OIL, $USO Wednesday, OPEC agreed to token Crude Oil output cuts in the 1st such deal since Y 2008, with leader Saudi Arabia softening its stance Vs Iran on mounting pressure from low Crude Oil prices. “OPEC made an exceptional decision today … […]
Box Office: The Secret Life of Pets takes $103.2-M $CMCSA, $DIS, $FOX Family audiences cannot to get enough of animated family films about animals it seems. Zac Efron and Adam Devine’s ‘Mike and Dave Need Wedding Dates’ beat expectations with a $16.6-M domestic opening Illumination Entertainment and Universal’s The Secret Life of Pets debuted to […]
Box Office: ‘Finding Dory’ Tops the Weekend $DIS, $CMCSA Steven Spielberg’s ‘The BFG’ DOA in North America over the July 4th weekend, ‘Legend of Tarzan’ in trouble, ‘The Purge: Election Year’ rallies. Disney’s (NYSE:DIS) Finding Dory is the champ of the long holiday weekend at #1 in its 3rd frame. The weekend box office is […]
Box Office: Finding Dory Finishes at #1, Independence Day #2 $FOX, $DIS, $SNE, $AMZN, $CMCSA Independence Day: Resurgence failed to thrill at the North American box office, coming in behind expectations with an estimated $41.6-M from 4,068 theaters. But, it debuting to $102.1-M from 57 foreign markets, including China, for a global tally of $143.7 for […]
Memorial Day Weekend in Obama’s Chicago, 40 People Shot A string of shootings brought the total number of people shot during the Memorial Day weekend to at least 40, the Chicago Police Department said. Between Saturday afternoon and early Sunday alone, 12 were shot and killed and 24 others wounded across the Mid-Western City. A […]
California Wildfire Season, “May be Dangerous and Difficult” A 5-year drought has left 40-M dead and dried-out trees in California, including 29-M that died last year California may be facing a dangerous and difficult wildfire season in Y 2016 despite a relatively wet Winter, federal officials warned Tuesday. Most of the rest of the country […]