Saturday, December 15, 2018

A FIRST! - Unprecedented View of The Sun + Something else . . .

NASA's Parker Solar Probe
Published on Dec 15, 2018
Views: 7,553
December 15, 2018: ~Rare view of Sun~https://www.mrmbb333.com

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No Where To Run, No Where To Hide

Story image for banks exit stock market from New York Times
Investors Have Nowhere to Hide as Stocks, Bonds and Commodities ...
New York Times-16 hours ago
Pessimism emanating from the stock market could leave consumers and ... like the trade war, Britain's exit from the European Union and the debt levels of ... Money in the bank earned next to nothing, so investors eagerly ...
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There is already a crisis of trust — a democracy deficit — in many advanced economies, accompanied by rising political tensions. A loss of faith in the supposed technocratic abilities of policymakers to manage economies will compound these pressures. The political economy could then accelerate towards the critical point identified by John Maynard Keynes in 1933, where “we must expect the progressive breakdown of the existing structure of contract and instruments of indebtedness, accompanied by the utter discredit of orthodox leadership in finance and government, with what ultimate outcome we cannot predict.” Governments that want to avoid that dystopian prospect need to address the key underlying problems now, before it’s too late.
The Bubble’s Losing Air. Get Ready for a Crisis
Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained.
From Bloomberg Economics
 
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Investors Have Nowhere to Hide as Stocks, Bonds and Commodities All Tumble
By Matt Phillips
"For the first time in decades, every major type of investment has fared poorly, as the outlook for economic growth and corporate profits is dampened by rising trade tensions and interest rates. Stocks around the world are getting pummeled, while commodities and bonds are tumbling — all of which have left investors with few places to put their money. . .
See more extracts and inserts below that are taken from this link
https://www.nytimes.com
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The widespread market jitters have accompanied a tectonic shift in the investing world, as central banks have begun to withdraw the extraordinary support provided to the global economy in response to the financial crisis a decade ago.
For nearly seven years, the Federal Reserve kept interest rates near zero and bought trillions of dollars’ worth of government bonds, which pushed interest rates — that move in the opposite direction of prices — sharply lower. Money in the bank earned next to nothing, so investors eagerly bought anything they expected to generate some kind of return: risky debt, real estate, stocks, technology start-ups. ________________________________________________________________
Need a little musical interlude to gather your thoughts?
 
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If this persists, or grows worse, it could create a damaging feedback loop, with doubts about the economy hurting the markets, and trouble in the markets undermining growth.
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Wallet Hub [A Finance Site] Rates College Towns & Cities - On What?

Ain't it great that KTAR 92.3 News gets around - one week later - to inform all of us that
Scottsdale, not Tempe or Tucson, rated as Arizona’s best college town
By |



Views: 50
The personal-finance website WalletHub just released its report on 2019’s Best College Towns & Cities in America

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Source :
2019’s Best College Towns & Cities in Americahttps://wallethub.com/edu/best-worst-...
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Follow Us On:
TWITTER: https://twitter.com/wallethub
FACEBOOK: https://www.facebook.com/wallethub/ #WalletHub #bestcollegetowns #bestcollegetownsinamerica
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2019’s Best College Towns & Cities in America
Dec 11, 2018  |  Adam McCann, Financial Writer
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New Trump Executive Order Names HUD Secretary Ben Carson To Lead 13-Member Ozone & Revitalization

Between you-and-me-and-all-the-ozone out there, dear readers, your MesaZona blogger always wondered to himself what kind of medications the former heart surgeon is taking - to have even run to get elected president, or to get nominated and approved as the Secretary of Housing & Urban Development. Now he's been named the Chairman of  the White House Opportunity and Revitalization Council?
In a new Executive Order dated December 12, 2018 that's received scant media attention, but did receive a prominent post here: MesaZona 13 Dec 2018
13 December 2018
HUD Press Release:
Secretary Carson To Lead White House Opportunity & Revitalization Council 
SECRETARY CARSON TO LEAD WHITE HOUSE OPPORTUNITY AND REVITALIZATION COUNCIL

WASHINGTON – Today, President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson. 
The Council’s 13 Federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities. The Council will improve revitalization efforts by streamlining, coordinating, and targeting existing Federal programs to Opportunity Zones, economically distressed communities where new investments may be eligible for preferential tax treatment.
Additionally, the Council will consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts and present the President with options to encourage capital investment in economically distressed communities.
“These are still early days for the work of the Council and Opportunity Zones, but the groundwork has been laid,” Secretary Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home. . .
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Yesterday here's what Fred Lucas writing in The Daily Signal had to say:
What Ben Carson Expects From the House’s
New Democratic MajorityFred Lucas / /


 
Housing and Urban Development Secretary Ben Carson says he can work on key urban issues with some Democrats in the new House majority that takes over in January.
“There are many other Democrats that will work with us,” Carson told The Daily Signal. “This is not a Democratic or Republican issue. This is about empowering people. I hope we can get over the political partisanship and work on solutions that help everyone.”
However, most housing-related legislation will have to go through the House Financial Services Committee ----- and Rep. Maxine Waters, D-Calif., who has called for impeaching President Donald Trump and harassing political opponents, will become chairman of the committee as a result of Democrats’ capturing the House majority in the November elections. . .
Trump, in signing an executive order Wednesday creating the revitalization council, also talked about a criminal justice reform bill that he has urged Congress to pass. . .
He said he would like to tie federal grants to local communities with their removal of regulatory barriers to economic growth.
“A key part of revitalizing economically depressed areas is building the kind of housing people can afford,” Carson said. “We will definitely look at federal regulations. We can’t tell localities what regulations to have, but we can provide incentives.”
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Theresa May 'HUMILIATED' at EU summit

Who laughs the best?
Published on Dec 15, 2018
It's one giant hurdle after another for the embattled British Premier, Theresa May. Just 2 days since surviving a confidence vote from her own party, she's now back in the lion's den of Brussels. She's desperately looking for anything she can take back from a meeting of EU ministers, which might win over her skeptical parliament to her Brexit plan.
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Opportunity Zones: Wealth-Creation For The Rich or ReVitalization of Distressed, Neglected, Low-Income & Impoverished Neighborhoods

Looks like we already got the answer to that double-bind question here in 'The Old Donut-Hole' : Mega-Millionaire and Conservative Mesa Mormon Republican AZ State Senator Bob Worsley became the face of Opportunity Zones.
He 'owns' the face of wealth-creation here, unwittingly since February when it was revealed he snatched-up entitlements to more than eight Main Street properties.
He's backed-up in the audience at a Mesa City Council by ex-Congressman 'Revolving-Door' Matt Salmon, who was hired as a high-paid lobbyist for ASU before he resigned from public office. 
Back in 2017 both Worsley and Mesa Mayor John Giles, along with Worsley's business partner W. Tim Sprague, were captured in an image meeting with two of the principals from the Caliber Wealth Development Company (one on the far left is Chris Loeffler, Caliber Founder and CEO.)
Just to show you that mixing-up politics and wealth-creation is what works here are John Giles and W. Tim Sprague [Worsley's Habitat Metro partner) standing in the middle of Main Street in downtown Mesa that's now qualified as a low-income, impoverished, distressed and neglected area  three years after Valley Metro Light Service arrived and 13 years after the Mesa Arts Center failed to deliver on its promise to be the engine driving downtown economic development. Vibrant and exciting it's not, so let's see if tricking taxpayers to finance a new $200Million building for ASU will  get the ball rolling and leverage that for some rampant real estate speculation for the wealth creation of millionaires . . . Oooops! What did they neglect to include in Re/Making Downtown?    
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Blogger Notes: Here are the qualified Opportunity Zones in Mesa >
Some do not qualify as 'low-income' neighborhoods, but do qualify since they are next to contiguous census tracts that meet the other criteria:
Falcon Field in District 5 and
Phoenix Mesa Gateway Airport in District 6 - that is one huge area in Southeast Mesa as you can see in the map.
There's another one in Southwest Mesa around the Fiesta Mall that's already attracted investors.Those designations might surprise some when the priorities are to draw additional funding and support into underserved communities.
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The Caliber Tax Advantaged Opportunity Zone Fund, LP was launched in July 2018, according to a press release from PR Businesswire yesterday. Press release, authored by Amber Liptai of BIG YAM, The Parsons Agency:Caliber’s Tax Advantaged Opportunity Zone Fund In Place To Support Executive Order To Increase Spending In Designated Opportunity Zones
The Wealth Development Company is Among the Few with Qualified Funds
SCOTTSDALE, Ariz. (PRWEB)
Development in underserved communities just received a boost from President Trump, and Arizona-based Caliber has a fund available for investors to take advantage of these new tax incentives.
To draw additional funding and support into underserved communities, President Trump has signed an executive order directing more resources to be funneled into Opportunity Zones. Created as part of the 2017 Tax Cuts and Jobs Acts, Opportunity Zones offer accredited investors significant tax breaks through participation in qualified Opportunity Zone funds. Still a young program, Caliber – The Wealth Development Company is one of the first organizations to offer Opportunity Zone investments with the July 2018 launch of the Caliber Tax Advantaged Opportunity Zone Fund, LP.
“We fully embrace the President’s executive order and the creation of a White House Opportunity and Revitalization council,” said Chris Loeffler, Caliber Founder and CEO. “National support for investments in Opportunity Zone projects is a critical element in restoring some of our country’s communities overlooked by traditional economic development activities, which strengthens our overall economy.”

Through the Caliber Tax Advantaged Opportunity Zone Fund, LP, funding is invested directly into a diversified portfolio of assets in qualifying zones, allowing investors to take advantage of reductions in capital gains tax. Investors may see as much as a two times increase in an expected after tax rate of return on investment due to the benefits included in the program.
Caliber’s Opportunity Zone projects are already working to revitalize underfunded neighborhoods in Arizona such as downtown Mesa, downtown Tempe and downtown Tucson. . .  
REQUIRED DISCLAIMER: Note To Investors
This Press Release Is Provided Solely For Information Purposes And Does Not Constitute Legal Or Investment Advice. This Is Neither An Offer To Sell Nor A Solicitation Of An Offer To Buy Securities. While We Endeavor To Keep The Information Up To Date And Correct, We Make No Representations Or Warranties Of Any Kind, Express Or Implied, About The Completeness, Accuracy Or Reliability Of The Data And Summaries Contained In This Press Release Or The Suitability Of Any Separate Offering For Investors. There Are Risks Associated With Any Investment. In Making An Investment Decision, Investors Must Rely On Their Own Examination Of The Company They Wish To Invest In Including The Merits And Risk Involved. Any Forward Looking Statement Speaks Only As Of The Date On Which Such Statement Is Made, And We Undertake No Obligation To Update Any Forward Looking Statement To Reflect Events Or Circumstances After The Date On Which Such Statement Is Made.
Please Contact Caliber Directly At 480-295-7600 For Further Information.
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Can Opportunity Zone proponents beat back perceptions it’s an opportunity for the rich?
by Emma Dumain in McClatchy News DC Bureau 14 Dec 2018
Washington
President Donald Trump attends a ceremony for the signing of an executive order establishing the White House Opportunity and Revitalization Council, in the Roosevelt Room of the White House, Wednesday, Dec. 12, 2018, in Washington. At left is Sen. Tim Scott, R-S.C., and speaking at right is Bob Johnson, founder of BET.

President Donald Trump attends a ceremony for the signing of an executive order establishing the White House Opportunity and Revitalization Council, in the Roosevelt Room of the White House, Wednesday, Dec. 12, 2018, in Washington.
 
At left is Sen. Tim Scott, R-S.C., and speaking at right is Bob Johnson, founder of BET. 
 [Jacquelyn Martin AP Photo]

Read more here: https://www.mcclatchydc.com/news/politics-government/congress/article223048210.html#storylink=cpy
"Republicans badly want to use Opportunity Zones to show voters they care about poor people. But problems with the program’s image —and execution — are making that difficult.
Democrats, who represent areas that could be helped by the program, also want Opportunity Zones to succeed. But they face criticism for being too sympathetic to an initiative Republicans largely authored.
And Republicans are having to defend a program that is battling perceptions it’s a hastily-conceived handout to rich people.
Critics warn the program, which is still largely in the implementation stage, is designed to give tax breaks to real estate developers and make the wealthiest investors even wealthier.
. . . Those concerns were bolstered this week by reports that Trump, his son-in-law and senior adviser Jared Kushner and Trump’s close friend Richard LeFrak all had business interests in designated Opportunity Zones.

Read more here: https://www.mcclatchydc.com/news/politics-government/congress/article223048210.html#storylink=cpy
Read more from McClatchy's DC Bureau > click here


Read more here: https://www.mcclatchydc.com/news/politics-government/congress/article223048210.html#storylink=cpy

Read more here: https://www.mcclatchydc.com/news/politics-government/congress/article223048210.html#storylink=cpy
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Streaming YouTube 18:23 upload
President Trump Participates in a Signing Event for an Executive Order

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Executive Order on Establishing the White House Opportunity and Revitalization Council
Economy & Jobs  
Issued on:
Here's a link to the entire EXECUTIVE ORDER:
https://www.whitehouse.gov/presidential-actions/executive-order-establishing-white-house-opportunity-revitalization-council/
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Military-Industrial Complex Expands at Falcon Field For Bushmaster® Medium-Caliber Cannon Production Facility

PRESS RELEASE FROM AEROTECH NEWS 
Northrop Grumman Expands Arizona Operations
MESA, Ariz.–Northrop Grumman announced Dec. 12 that its Innovation Systems sector operations in Mesa. Ariz., completed the expansion of its Bushmaster® medium caliber cannon production facility.
The new 36,000-square foot facility nearly doubles the company’s current production capacity by collocating warehouse and manufacturing operations into one site.
Blogger Note: This is an update of a post that was published on this in March 2018 that you can see farther on. What's not mentioned is that AZ Temp-Senator Jon Kyl is a paid lobbyist for Northrop Grumman.
“The city of Mesa is proud that Northrop Grumman chose to expand in the Falcon District,” Mesa Mayor John Giles said. “This new facility will bring more high-tech jobs to Mesa’s growing aerospace and defense industry.”
According to Lisa Brown, VP Site Operations for Northrop Grumman, “This expansion will help us meet today’s surging demand for our cannons while also addressing future growth requirements as U.S. and allied militaries are increasing their current defense capabilities in response to worldwide threats,”
_______________________________________________________________ Lisa Brown cuts the ribbon to officially open the company’s new facility. The 36,000 square foot building combines production and warehousing into one location, nearly doubling the production capability for the division that produces the world renowned Bushmaster line of medium caliber cannons.
(pictured left-right: Kevin Sullivan, executive vice president, Arizona Commerce Authority; David Luna, Mesa vice mayor; John Giles, Mesa mayor; Dan Olson, Northrop Grumman armament systems vice president; Lisa Brown, Northrop Grumman vice president and Mesa site lead; Sally Harrison, CEO, Mesa Chamber of Commerce; Rudy Cota, Arizona Congressman Andy Biggs staff, constituent service representative; Bill Jabjiniak, Mesa director of economic development; Chris Keeler, Northrop Grumman deputy director Mesa operations)
The Mesa-based operation produces the world-renowned Bushmaster® family of medium caliber cannons that provide the U.S. military and its allies with proven, highly reliable weapons for air, land and sea combat platforms.
The company has either installed or is on contract to provide its cannons to more than 50 nations globally.
The Mesa-based operation employs more than 200 full time employees and since the project’s groundbreaking in March has begun the hiring of an additional 50 to 60 new engineering, program management and manufacturing technicians as a result of the company’s increased production capacity.
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30 March 2018
Bushmaster® Production Increase Expands Orbital ATK 
The Insider
Orbital ATK to expand operations in Mesa, AZ
March 29, 2018 | John Lang
Orbital ATK announced plans today to expand the company's production facility in Mesa, AZ.
The new 36,000-square-foot facility will support the company's ability to increase production capacity through collocating Orbital ATK's warehouse and manufacturing operations into one site. Its current site builds the Bushmaster® family of medium-caliber cannons that are supplied to the U.S. military and more than 50 other countries.
Image result for bushmaster orbital atk
When complete, the capital investment will nearly double Orbital ATK's current production capacity and help address future growth requirements as U.S. and allied militaries are increasing their current defense capabilities in response to worldwide threats, according to a company statement.
The expanded facility is scheduled to become fully operational before the end of the year, the statement reads. The factory currently employs nearly 200 full-time workers and the company plans to add an additional 50 to 60 new engineering, program management and manufacturing technicians as a result of the increased campus footprint.
"This will include the fully modernized and secure production facility and separate operations headquarters where engineering, program management, business development and various operations support activities occur," Orbital said.
Source > https://insidedefense.com 
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