Monday, November 27, 2017

Seattle Times Reporter Jon Talton's Take On The Tax OverHaul

Giving credit where credit is due - some snippets from the article published today where Jon's pen warms up a bit calling the tax overhaul "a dog's breakfast of hidden mischief" What’s wrong with the GOP tax plan, from 30,000 feet . . . you'll just have to read more to find out where he's going with this - and see where he ends up. How good will it get is yours to find out
If the tax overhaul passes, expect America to fall further behind Special to The Seattle Times 
By Jon Talton
 

They mostly benefit the rich and the class that makes its money from investing rather than drawing wages...
Not since the time of the Carnegies, Rockefellers and Vanderbilts at the turn of the 20th century was so much owned by so few
 
Josef Stadler, the lead author of the report and UBS’s head of global ultra high net worth, said his billionaire clients were concerned that growing inequality between rich and poor could lead to a “strike back”.
“We’re at an inflection point,” Stadler said. “Wealth concentration is as high as in 1905, this is something billionaires are concerned about. The problem is the power of interest on interest – that makes big money bigger and, the question is to what extent is that sustainable and
at what point will society intervene and strike back?”

Stadler added: “We are now two years into the peak of the second Gilded Age.”
READ MORE > https://www.theguardian.com 

 

Dissing Dis-Information:'A Higher Calling' To An Undetermined Location???

So sorry, dear readers, but your MesaZona blogger cannot let MAJOR BULLSHIT like this article written by The East Tribune's 'News Staff' pass muster - it's Fake News
When Michael Cowan failed to show up in public at the 15th Annual Mesa Latino Town Hall Oct 28th, suspicion followed, so let's cut through the fog of fake news:
Mesa schools chief retiring to follow a higher calling


The EVT News Staff doesn't waste any time at all getting right to the point creating a false narrative from the get-go:
"Mesa Public Schools Superintendent Michael Cowan is stepping down from his position in the state’s largest school district to answer a higher calling.
Cowan announced he was retiring from the position he has held for nine years to take on a mission with his wife for the Church of Jesus Christ of Latter-day Saints to an undetermined location. . . "
Perhaps some other people who know the circumstances better might want to suggest a certain location for what appears to be, by some fairly reliable accounts, that there was financial mismanagement by either undisclosed "friends-and-family" members or undisclosed business associations that are getting looked into by the appropriate authorities. (See information to the left) 
If anyone else has any other information on what might have forced his resignation, without Michael Cowan being held to account to face the consequences, they need to not only speak up now but to take action if there's any suspicion at all about fraud or ethics violations while he was the Superintendent of Mesa Public Schools. Do it now.
 
No more 'making nice' about this - and letting this guy get away to 'an undetermined location' without any recriminations at all, leaving without being held to account. . . it was hard not to wretch reading more of the fake news with all beatific platitudes programmed into what they always say while millions of dollars get spent on their big salaries in the educational bureaucracy that fails students for the last 30 years. It seems to be the way 'things work' for some in this city: they put in their time, they get good salaries and good generous benefit and pension packages, all the time looking honorable, but not getting caught while they rush to get out. 
Here's a clue: You need to get very good with the below document. 

Blah, blah, blah-blah, BlaBah . . .
Read the comments after the quotes from the article go on and on 
“I have had the distinguished honor of leading the finest educational institution in Arizona. As I begin this next chapter in my life, I will leave knowing each dedicated Mesa Public Schools employee will continue the important work of educating every child and preparing them for college, career and community,” said Cowan, who also is state LDS president."
QUESTION: Why does the EVT News Staff mention this?
"Cowan, who will finish out the current school year, is the third East Valley school superintendent to call it quits this year. Gilbert Public Schools Superintendent Christina Kishimoto left in June to take over the Hawaii school system and Tempe Union High School Superintendent Kenneth Baca announced he’ll retire in June.
Kishimoto was replaced by a Mesa assistant superintendent, Shane McCord, and Baca’s associate superintendent, Kevin Mendivil, will take over for him next summer.
Mesa said the school board would take up a process for replacing Cowan sometime in the near future.
Before becoming superintendent in 2009, Cowan served as associate superintendent, assistant superintendent of curriculum and instruction, director of science, social studies and world languages, and district science specialist. He joined the district in 1988 as a teacher, educating students at Irving, Lehi and Porter elementary schools.
“In my 30 years at Mesa, I have watched the needs of our learners grow and change,” Cowan said. “It has been my unwavering passion to ensure we provide appropriate services for all students, especially those most at risk.”
Under Cowan’s leadership, the district has widely adopted Advancement Via Individual Determination, or AVID, a program that focuses on developing a growth mindset in students and a college readiness culture in schools.
Through Equal Opportunity Schools (EOS), the district has increased enrollment of underrepresented populations in advanced high school courses. Most recently, Cowan spearheaded the launch of new grading practices that best represent a student’s level of proficiency on established skill-based standards.
He is a member of the national Large Countywide and Suburban District Consortium that advises federal legislators, sits on the College Board’s Superintendent Advisory Council and currently serves as president of the Arizona Association of School Administrators.
He also serves in a leadership capacity for many community organizations, including Mesa United Way, Mesa Chamber of Commerce, Mesa Public Schools Foundation, Boy Scouts of America and Arizona Brainfood.
WHO'S THIS UN-IDENTIFIED SOURCE???
> One source said it was no surprise Cowan was retiring now because he has 30 years in the state retirement system and the incremental increases in pension are not that significant after that time.
> The source also pointed out that being called for a mission is a high honor in the Mormon church. 
Some details that seems less contrived from a person who retired from Mesa Public Schools:
mpsretiree         
So in retort...
  • This was Cowan's first Superintendent position. (Yes he was an Asst)
  • His predecessor was a veteran and she made nearly 1/5 less.
  • He asked the board for a raise before taking the job.
  • He spent millions on technology and test scores and enrollment decreased during his tenure. (More than 10 million in the district data center alone)
  • There were 6 additional positions added to the superintendency.
  • Most all of the directors were bumped to executive titles.
  • The Director of Information Systems was promoted to CIO (totally new position) and many other high paying positions were created and title changes.
All in all he spent a really really huge sum of money on a small amount of his inner circle and his results were pretty lackluster.
Link: East Valley Tribune

 

Bloomberg Global Risk Briefing

Global Risk Briefing
Politics is roiling markets as the Trump era dawns, Chinese leadership turns over and major elections sweep through Europe. Bloomberg’s risk map signals where danger lurks . . . 
 
See link for more details >
https://www.bloomberg.com/graphics
 
 
Bloomberg Risk Indicators
Matrix Indicators
> Reserves Stockpiles
This shows total foreign reserves (excluding gold) held by each country's central bank as a percentage of gross domestic product. They effectively act as a cushion against economic shocks, such as hyperinflation and currency depreciation, that could be triggered by external or internal events.
> Unemployment
Figures are 2017 estimates by the International Labour Organization for those in the labor force aged 15+. Unemployment can serve as a proxy for the overall health of the economy. Long-term high unemployment levels eventually lead to less spending power among consumers, lower tax revenues for governments and possible social unrest.
> Inflation
When prices are rising too quickly, the resulting confusion can lead to lower investment due to uncertainty about future costs and profits. Poor economic policies can spark or exacerbate inflation, as can a weakening currency.
> Currency Volatility
Figure is for 3-month at-the-money implied volatility of the currency's USD exchange rate. Currency options represent the market's overall expectation of a currency's future volatility. Significant movement in a currency's exchange rate can bolster or weaken returns, depending on the type of investment. Figure for United States is for implied volatility of the USD-EUR exchange rate.
__________________________________________________________________________
Source: Bloomberg, IMF and ILO
Credits: James Crombie, Jeremy Scott Diamond, Dean Halford, Brittany Harris, Flavia Krause-Jackson, Alex McIntyre and Mira Rojanasakul
 

Axios:Chart du Jour > Cuts or Hikes In Taxes?

Chart du jour
Data: Tax Policy Center; Chart: Lazaro Gamio / Axios
 
Why this matters: Focusing on the distribution of cuts lacks some nuance — Republicans say their tax bill will boost the economy — but only 25 percent of voters approve of the GOP tax plan, according to a recent Quinnipiac poll. And 59 percent of voters say the plan favors the wealthy at the expense of the middle class. These kind of approval numbers don't win elections, particularly following an equally unpopular health care bill.
Dive in.

Somebody In The Middle East Really Likes Boeing


Image result for Boeing, UAE
A message from The Embassy of the United Arab Emirates
UAE airlines order $42 billion in U.S.-made aircraft
 
 
At the Dubai Air Show, Emirates Airline and flydubai ordered 265 Boeing planes. The orders contribute to the American economy and support U.S. jobs. Learn how the UAE and U.S. are united in prosperity.

Mesa Morning Live December 2017 Line-Up

Mesa Morning Live December 2017
Sponsored by Wells Fargo
Date: December 8, 2017
Time: 6:45 AM - 8:30 AM MST
Please join the Mesa Chamber of Commerce with a great lineup for the December show
Fees/Admission:
Pre-Registration Fee: $20
At The Door Fee: $30
HOLD ON! Bob Worley + Wells Fargo??????
QUITE A PAIR: Is this a "hands-in-hand" deal where you're known by the friends you keep?
Wells Fargo doesn't have the best reputation in banking circles or for all kinds of disclosures they certainly don't appreciate that sent the company stock tumbling... have they recovered from negative publicity, if you want to call it that - have they cleaned up their act?
 
Or all these funding arrangements un-disclosed??? Bob Worsley likes to use money as long as its not his.He's lucky to be married to be married to a woman who has has a 'Sugar Daddy' in Salt Lake City with lotsa moola..Hey! U didn't hear that from here.
 
Featured Guest: Arizona Senators Sean Bowie and Bob Worsley
Location:
Crescent Crown Distributing
1640 W. Broadway Rd.
Mesa, AZ 85202
Date/Time Information:
Friday, December 08, 2017
6:45am - 8:30am

 
Community Spotlight: Salvation Army
"Mystery" guest: This could be YOU!
Top Ten Sponsor: East Valley Tribune
Community Spotlight Sponsor: Gateway Bank
 Breakfast: Village Inn
 
 

 

Maricopa County Air Quaility Report > DUST RISK Particulates Back On The Rise

Maricopa Dust

AQR Dust
 
ISSUED ON: Mon. November 27, 2017 
This proactive, risk-based air quality forecast is part of a statewide effort to help Arizona meet health-based standards. ADEQ produces this forecast, valid for areas within and bordering Phoenix, Monday through Friday. For details about this forecast and to learn more about ADEQ statewide forecasting, visit: http://www.azdeq.gov/programs/air-quality-programs/airforecasting 
Maricopa County Forecast
Risk Scale
Air Quality Dust Risk ISSUED ON: Mon. Nov 27, 2017

This report is updated Monday through Friday and is valid for Maricopa County, Arizona
Tuesday 11/28/2017
MODERATE
Winds:Light winds becoming southerly in the afternoon.
Stagnation:Morning and overnight stagnation.

Wednesday 11/29/2017
MODERATE
Winds:Light winds.
Stagnation:Morning and overnight stagnation.

Thursday 11/30/2017
MODERATE
Winds:Light winds.
Stagnation:Morning and overnight stagnation.

Friday 12/1/2017
MODERATE
Winds:Light winds.
Stagnation:Morning and overnight stagnation.

Saturday 12/2/2017
MODERATE
Winds:Light southwesterly winds.
Stagnation:Morning and overnight stagnation.


Synopsis & Discussion
Forecaster: -R. Nicoll
With fairly light winds and stagnant mornings and evenings this week, particulate levels will accumulate. As a result, we forecast a Moderate dust risk to continue through the forecast period. Check back tomorrow for the next update.