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As of April, 2,600 businesses had left downtown Portland. Four in five businesses reported being vandalized. The measure that decriminalized small amounts of drugs attracted druggies. It’s an ongoing shit show.
Portland’s Meltdown: A Progressive Experiment That ‘Has Gone Colossally Bad’ | CBN News
BTW, my son and I attended the Padres v. Giants game in San Diego yesterday. Fairly substantial homeless / drug addicts / tent city issues there as well.
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Unfortunately, doesn’t surprise me. Sad for the Flint families. Makes you wonder what other environmental crises exist (and will be ignored) in Michigan. Purely apart from the roads and schools she promised to fix…and didn’t.
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I think Trump probably wins the primary. Too much ground for the others to make up, coupled with the fact that none of them have distinguished themselves.
The Democrats have the more interesting candidate race. Joe Biden is clearly incapable of running…well, anything. Dems don’t want him to run. I think Jill Biden is the only one who really wants him to run. If it isn’t Joe, then…who?
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Our law firm (and most large organizations) are trying to rapidly downsize their real estate footprint. At the same time, a number of organizations are attempting to bring people back to the office. Most surveys I’ve seen indicate that a hard 40% of the populace prefers to work from home, and candidly, I fit into that category. All of our offices are impacted by traffic commutes (wash DC, LA, SV, SF, NYC, Philadelphia, Chicago, etc.), and when COVID hit, frankly, it was a godsend for my team. Our content burden literally tripled, and the only way we could have handled it was to find two extra hours in every day for every person on my staff…which we did. They stopped commuting.
The staff didn’t want to come in the office. Neither did the lawyers. Near as I can tell, they’ve settled on 40% time in the office. I don’t see it getting much better.
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I’ve read that this is an El Nino year, which usually means less rainfall than normal. We’ve had La Nina conditions (water more than 3 degrees Celsius colder) since 2020, which is highly unusual and likely led to the increased precipitation in California that ended our drought.
El Niño: What to expect from the weather event in 2023 | World Economic Forum (weforum.org)
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Target is also sharply down, and expects sales to sharply decline further in Q3, 2023:
https://www.wsj.com/articles/target-tgt-q2-earnings-report-2023-cc9acf81
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Lucas Glover has made $6.1 million this year so far, he’ll probably come in at $7 million+. The top tax bracket is $693,750 for married people. His federal tax rate is 37% for his marginal earnings. The government helpfully withheld 24% ($840k) of the $3.5 million first prize. He’ll still owe 13% more, or $455,000 on that prize.
Can’t speak to his state taxes. Any income he has in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming isn’t taxed at all as those states have no personal income taxes. Golfers pay state income taxes on their earnings in the other 41 states.
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Joe can’t be bothered to comment on LaHaina’s disaster and death toll. He’s too busy taking vacation — 40% of his time in office as of a week ago.
Biden Sets All-Time Presidential Record
Incidentally…there was a time when Mrs. Mick and the family and I would go to Maui every year for about a decade. Always loved LaHaina. Terrible, terrible tragedy, and I don’t understand why the response wasn’t swifter and why there was so much death and destruction.
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That’s just the amount withheld from the gambling winnings. Same is true for lottery winners. They still have to pay the normal federal IRS taxes at the regular tax rate. Didn’t know that about pro golfer withholdings, though.
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Hillary Clinton was trying to score points because Trump offended people on the campaign trail. She sought and scheduled a Muslim gold star family member to speak. That was a difficult get, Muslims are about 0.25% of the armed forces, and there were only a handful of them. But the Muslim father of a slain American GI spoke forcefully against Trump.
Seven years later, the Democrats are not as concerned, apparently. And the nature of the withdrawal from Afghanistan virtually guaranteed additional American casualties.
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Second shoe dropped today: AB is selling off eight of their brands to a cannabis company, Tilray Brands.
The departing eight are:
- Shock Top
- Blue Point
- Redhook
- Breckenridge
- HiBall Energy
- Square Mile Cider
- Widmer Brothers Brewing
- 10 Barrel Brewing
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Interesting that overall A-B did ok financially. One wonders if their other brands benefited from the Bud Lite boycott.
I believe so, given that AB owns Modelo, which is the new number one. They own Modelo everywhere except the United States.
They did fall short of Q2’23 estimates of $15.33 billion, generating $15.12 billion. So, $210 million shy of estimate Q1’23 revenue was $14.21 billion, a 7.9% increase over the Q1’22 revenue. Also, their profits of $0.72/share beat analyst estimates of $0.68/share, so there’s that.
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I like a geopolitical strategist named Peter Zeihan. He strives for political balance, and tends to say both good and bad things about American politicians (not so Putin and Xi), so I tend to take it more seriously.
I think his take on Obama is very interesting. He calls him the “third-smartest president after Jefferson and Clinton” but says that doesn’t mean he was successful. Essentially, he thinks Obama, who never had a grown-up job, had no management skills. Says he was wildly intelligent, but didn’t care to be around others. He built up understanding of situations, but nothing ever came of it. He didn’t want to talk with Congress, his cabinet or foreign leaders. So he essentially accomplished nothing.
His take on the disconnect between Obama and the government is that Obama is responsible for the break in trust, the disenchantment between Americans and government. Check this out, just two minutes.
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Excellent post. The drive for I’m-out-for-me narcissism reeks of anti-Americanism, the kind of anti-Americanism that sounds like it comes from a petulant teenager. Megan Rapinoe is destructive, and watching her laugh off a missed penalty kick just cemented it for me.
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Now we have an answer. Bud Light revenue was down 10.5%, and EBITDA dropped 28.2%.
The company has responded by “leaning into the themes of football and country music.” Quelle surprise.
https://www.wsj.com/articles/ab-inbev-bud-q2-earnings-report-2023-90a57dee
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