Spreading the truth. Empowering the people.
www.cnbc.com/2019/08/03/apple-rd-spend-increases-fulfilling-tim-cook-doctrine.html Apple R&D spending is at all-time highs. It’s also spending the largest proportion of its revenue on R&D since 2003. Apple CFO Luca Maestri hinted that R&D would continue … Read more
via MarketWatch: After years of feverish remodeling activity, Americans are starting to cool on home improvement projects. The annual gain in homeowner spending on home improvements and repairs is expected … Read more
Here’s more from OANN… Under the administration of former President Obama, a loophole at the IRS allowed illegal aliens to fraudulently collect tax refunds for their children living in Mexico. President … Read more
by Geoffrey Grider In 2017, Facebook announced that it wanted to create a headband that would let people type at a speed of 100 words per minute, just by thinking. It is … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Only feeble signs of manufacturing returning to the US (you’ve got to build the plants first). Construction spending, an important part of the US economy, has … Read more
via @FGMR: Fed debt rising faster than GDP since the financial crisis. With the debt ceiling removed until July’21 we are now in Mises crack-up-boom territory (link: kingworldnews.com/james-turk-historic-news-just-announced-that-will-not-only-impact-gold-but-also-the-world/) kingworldnews.com/james-turk-his…
In a bipartisan deal , The Pentagon Approves a $1.48 trillion in military spending over the next two years. 219 House Democrats and 65 Republicans on Thursday voted to approve … Read more
Special Prosecutor Robert Mueller, who tried to uncover dirt on President Trump for the past two years, finally testified in front of Congress about his recently completed report. Democrats pushed … Read more
via epi.org: The Bureau of Economic Analysis (BEA) announced today that gross domestic product (GDP), the widest measure U.S. economic activity, grew at a 2.1 percent annualized rate in the second … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cutalready low … Read more
The U.S.’ debt is skyrocketing – and soon the country will spend more on servicing its debt than it will on national defense – and a little further out it … Read more
The latest budget deal not only provides an additional $320 bln in new spending, but come 2022 it completely tosses out the spending caps put in place in 2011. @CRFB … Read more
President Trump tells aides to look for big spending cuts in second-term, seeding confusion about budget priorities WASHINGTON – President Donald Trump has instructed aides to prepare for sweeping budget … Read more
by Duckbuttt123 Data created using SankeyMatic I was inspired to do a Sankey diagram from this post: www.reddit.com/r/dataisbeautiful/comments/ceu98o/twelve_months_of_a_ny_bankers_income_and_spending/. Some points on this: I live in Southern California I am married, but I … Read more
by Nomen_Meum Diagram created using SankeyMATIC. Data from my pay stubs and bank transaction dumps. Couple notes: I worked as an investment banker in New York for about eleven of … Read more
by Money Metals The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a … Read more