Monday, April 24, 2017
Chicago’s taxicab industry is likely to turn into a “Wild West” dominated by independent drivers, with fleets disappearing and the city losing control, after the U.S. Supreme Court on Monday dealt the struggling industry a final flow.The rent-seekers lose one ...
By refusing to hear the taxi industry’s appeal, the nation’s highest court let stand a federal appeals court ruling last fall that snuffed out an attempt by the cab companies to level what they called an uneven playing field that favors Uber, whose investors include Mayor Rahm Emanuel’s brother.
The appeals court ruling essentially said that the business models between taxis and ride-hailing services are different and, therefore, they can continue to operate under different sets of rules in Chicago.
That decision validated a 2014 City Council ordinance that let Uber and Lyft operate in the city without taxi medallions, city-regulated fares, fingerprinting or other standards cab companies and their drivers must follow.
Mara Georges, the former longtime city corporation counsel now representing the taxicab industry, said Monday’s ruling could be a death blow for the cab industry as Chicagoans have come to know it.
Trump: Border wall funding could wait until September: https://t.co/RKn43q5HJF— The Washington Times (@WashTimes) April 25, 2017
Meanwhile in Germany.... Muslims chant "Adolf Hitler" and "Allahu Akbar" while giving the Nazi Salute!
Liberal Professor Laura Kipnis Teams Up With National Review to Tell Her Northwestern Story of Sexual Hysteria and the War on Free Speech
The National Review has an excerpt from Northwestern University Professor Laura Kipnis' new book on sexual hysteria.
L.A. Times Reporter Warns California:It's time for California to stop leaning on the rich and take up state tax reform
In California, the ability to deduct state and local taxes saved federal taxpayers $101 billion in 2014, the latest year for which there are data, according to the nonpartisan Tax Foundation.Blue America: are you ready to pay more?
California’s state income tax is very high and progressive, with rates ranging from 1% to 13.3%. The state with the second-highest rate, 9.9%, is Oregon. But unlike California, Oregon doesn’t also impose a state sales tax.
Californians are projected to fork over roughly $83 billion in state income taxes this year, supplying 69% of the general fund. Imagine the howls if we could no longer deduct that hefty levy on our federal returns.
This came to mind last week as I glanced at the latest report of who pays what in California state income tax. We really like socking the rich.
The Franchise Tax Board reported that for 2015, the latest year analyzed, the top 1% paid nearly half — 47.6% — of the total state income tax. These people earned 24% of the taxable income. They represented only about 161,000 tax returns out of a total 16.1 million.
On the lower end, the bottom 60% supplied just 2.2% of the tax take while earning 16.8% of the income.
California is a Bernie Sanders dream. He ran for president preaching that the wealthiest 1% should pay much more. They provided 37.8% of the federal tax in 2013, significantly less than one-percenters sent to Sacramento.
Congrats, Bike Commuters: New Study Says You Might Just Be the Healthiest of Us All https://t.co/C3k8Ga6iLW— Washingtonian (@washingtonian) April 24, 2017
Deceptive practices by Uber has reportedly prompted Tim Cook to threaten to pull the app from Apple's App Store
In costly Bay Area, even six-figure salaries are considered ‘low income’ . California's War Against Normal Working People.
The San Jose Mercury News reports on California hatred about normal working people.
Analysis: Two-thirds of Americans think that the Democratic Party is out of touch with the country https://t.co/JvA8nXL3Gp— Washington Post (@washingtonpost) April 24, 2017
America has way too many stores -- at a time when consumers are increasingly shopping online instead of at the mall. One retail CEO even compared the state of retail today to the housing bubble back in the mid-2000s.Square footage in the news.
Members of the House banking panel revealed a 600-page proposal Wednesday evening to roll back the Dodd-Frank Act.A simple one sentence repeal would be much fairer but would raise less campaign contribution for politicians.
The bill is the most aggressive plan so far by Republican leadership in Congress to loosen financial regulations after the financial crisis of 2007. President Donald Trump has taken the lead thus far for Republicans on banking and regulatory reform, signing multiple executive orders in February aimed at repealing Dodd-Frank and other rules.
With the Justice Department taking steps to cut some federal funds from Chicago and other sanctuary cities, Sen. Dick Durbin, D-Ill., said Sunday, “We are not going to turn our local police departments into immigration officials.”Tricky Dick Durbin goes to bat for illegals.
Durbin, in an interview with CNN’s Dana Bash on “State of the Union,” said Chicago should remain a sanctuary city despite the Justice Department crackdown.
And on the potential of a government shutdown over President Donald Trump’s insistence on border wall funding included in a spending bill that must be passed by Friday, Durbin said, “It’s a political stunt, an obsession for the president that should not shut down our government.”
Retail contraction has rocked Manhattan. Are the outer boroughs next? Two years of big job losses suggest bankruptcies and foreclosures are inevitable.
After months of announcements that department stores from Macy’s to Kohl’s would be closing locations, the impact of the transformation underway in retail became clear with the latest job numbers. Retail employment across the country fell by some 30,000 in March, according to the Bureau of Labor Statistics. Since October, almost 90,000 general merchandise store jobs have disappeared. The inexorable move to online shopping has reached a tipping point.Costly New York , in the news.
In New York, the fallout is hitting first in Manhattan but will soon spread to the other boroughs with enormous implications for the future of the city and its workers.
While the overall retail job numbers show only a tiny decline last year, Manhattan has lost almost 9,700 positions since 2014, according to data from the quarterly wages and employment survey crunched by the Independent Budget Office.
Citywide, the sellers one would expect to be hardest hit, including electronic and sporting goods retailers, are indeed losing ground fast. But weakness is showing up in many areas that had been growing. Consider grocery stores, where the expansion of chains like Whole Foods and Trader Joe's added 8,000 jobs just between 2012 and 2015, before falling back in 2016.
In March, debt service payments were $7 billion higher than they were a year earlier, according to the Congressional Budget Office, and in the first six months of fiscal 2017, the year-over-year hike was $28 billion, or 22 percent, making it the largest category of increased federal spending.The struggle against big government.
CBO estimates that if interest rates rise just 1 percent over projections,$160 billion more each year will be required for debt service. That’s three times the amount Trump hopes to cut from targeted programs.
Inevitably, the national debt ceiling, reimposed last month, will have to be raised again this fall to keep feeding the federal leviathan.
The debt total has become so ridiculously out of reach that we’ve stopped seriously thinking about it. In President Barack Obama’s eight years, the national debt doubled, and yet that fiscal atrocity barely surfaced as an issue during last year’s presidential election.
Poll: A total of 76 percent of American voters say their personal finance situation is "excellent" or "good," while 24 percent say "not so good" or "poor." In every group except non-white voters, the percentage of voters saying their finances are "excellent" or "good" tops 70 percent. Among non-white voters, 65 percent say their finances are "excellent" or "good."
House Dems are providing a list of demands Republicans must meet if they want votes to keep the government running
Slave-taking is halal in Islam. muSSlim world pretended to give it up after WW2. Libya,Nigeria,Sudan,IS show truth.
Slave-taking is halal in Islam. muSSlim world pretended to give it up after WW2. Libya,Nigeria,Sudan,IS show truth https://t.co/xDMe3QLg9b— Peter McLoughlin (@pmclauth) April 24, 2017
Seriously? Sean Hannity Accused of Sexual Harassment by Anti-Trumper Debbie Schlussel ...Updated https://t.co/GL3rnzbXUZ— Jim Hoft (@gatewaypundit) April 24, 2017
DEATH OF THE FOOD COURT: Iconic mall chains like Cinnabon, Sbarro, and Panda Express are transforming to survive
Whatever historians ultimately write on his scorecard, Trump may be the best golfer ever to take the Oval Office.
Whatever historians ultimately write on his scorecard, Trump may be the best golfer ever to take the Oval Office. https://t.co/BPt585hwNL— NPR (@NPR) April 24, 2017
Latest WSJ/NBC News poll: 54% of Americans disapprove of President Trump’s job performance https://t.co/pbtD8pXQiO— Wall Street Journal (@WSJ) April 24, 2017