The rich get richer, the poor poorer. Never fails.
The new tax law gives Bank of America a $3.5 billion tax break.
Last week, Bank of America announced a $2.4 billion profit for the last quarter of 2017.
Monday, Bank of America announced it would no longer provide free online checking accounts. Henceforth, it would charge fees on accounts maintaining a low balance. Unless, the customer had a direct deposit of $250 per month or maintained a balance of at least $1,500.
The move affects customers with low balances. Some as low as $10. Some that regularly overdraw because they do not earn enough to meet their bills.
There was another announcement last week. Referred to as the Billionaire Boom. In 2017, the world’s richest 1 percent took in 82 percent of all new wealth. The bottom 50 percent took in zip. Nothing.
The study indicated a new billionaire was created every two days.
The money coming from wealth and not work. An observation: “The billionaire boom is not a sign of a thriving economy, but a symptom of a failing economic system.”
Owners and workers alike must experience a rise in income if there is to be a true robust economy. If not, there could be problems not wanted. A people will permit themselves to be defecated upon only so long. Then something adverse could occur.
The preceding philosophical. The following practical.
A community needs visiting nurses and hospice. All of us have experienced such assistance, or know some one who has, at some time in the past.
The Visiting Nurse Association & Hospice of the Florida Keys announced it will be closing its doors as of February 28. The non-profit can no longer make it financially.
The reasons twofold. Ongoing financial problems and Irma. Irma was the final blow. The one that really did the organization in.
Visiting Nurses has been operating since 1984. Presently providing assistance to 20 hospice patients and 11 home health patients.
Twenty two full and part time employees affected.
Spent yesterday getting ready for my podcast show last night. Tuesday Talk with Key West Lou.
Trump dominates the news. As much of a political junkie as I am, I get sick and tired of talking and hearing about Trump on a daily basis. Last night, I tried to do a show where Trump was not mentioned at all. Almost made it. Mentioned his name only one time.
A blog I enjoy reading is the Justice Building Blog. Out of Miami. Talks primarily about lawyers and judges. Every now and then, about a situation not related to the law.
The blog is normally signed: From Occupied America, Fight the Power. The January 22 publication: From Occupied, and Fully Funded (for now), America, Fight the Power of President Stephen Miller.
The story about to be related has been mentioned many times through out the years.
The Japanese occupied Guam from 1941 to 1944. Shoichi Yokoi was a Japanese sergeant. He was left behind when the last Japs left the island.
Yokoi did not know the War had ended in 1945. He hid in the hills till this day in 1972 when he was discovered.
He returned home a national hero.
Enjoy your day!
“He was left behind when the last Japs left the island.”
Just to let you know Lou, I do understand you are from a different generation, but “Japs” is a derogatory term.
In fact, according to the Huffington Post “‘Jap’ Is Beyond Political Incorrectness — It Is Hate Speech”
source: huffingtonpost.com/priscilla-ouchida/peter-king-jap-hate-speech_b_9995156.html
Due to the TRUMP tax cuts, Verizon just announced it will bonus out about $380 Million; giving roughly $2,600 in stock bonuses to about 150,000 employees… Excluding 2,500 or so senior executives!
Also, Disney announced (because of the tax relief as well) that they will be giving a $1,000 cash bonus to 125,000 employees. But wait, it gets better… Disney will provide $50,000,000 in funds to pay school tuition for hourly employees! Now that’s a great bonus!
In other tax relief news, Starbucks will bonus out $150,000,000, giving $500 in bonuses to baristas, and $2,000 to store managers. And this gets better too… Starbucks part time employees will now receive 5 paid personal/sick days! That’s a whole paid week off!
And thanks to our wonderful capitalist society, consumers have the choice to leave Bank of America and their checking account fees for greener pastures. In case you’re interested, here’s a list of banks that have amazing checking account features:
nerdwallet.com/blog/banking/best-free-checking-accounts
#MAGA
#7MoreYears
#VeryStableGenius
#RoaringEconomy
Comrade Patrick – I haven’t seen you this happy about the American economy since those early G.W.Bush years. How’d that turn out?
#thanksG.W.Bush
#thanksPhilGrahm
#GTADPTFTA = (gonna take a Democrat President to fix things again)
#HAYGYOB = (How about you get your own blog – to spread your unappreciated non topic agenda)
I’m just fine getting under your skin with this blog considering I don’t have to type a word to do it.
Patrick,
Did you recently get divorced? This “Michael” seems to be mentally deranged over you. It’s a lot like the Trump derangement of the MSM right now.
It is actually quite amusing to watch.
You should get together with Lou and really do a number on her.
good idea !
By Lou, I meant Lou Hartmann, not our host, Louis.
Is there a $1,000 bonus and free tuition in it?
hahahaha.
Patrick likes to troll this blog (it’s not actually HIS blog) using any number of pseudo names, sometimes answering his own questions, sometimes misspelling the same words, sometimes congratulating each other. He denies this, but those that matter know what’s going on. Mostly inaccurate stuff and mostly parallelling the Russian meme of the day. Some people say he’s a russian operative himself. I think he’s more like just clueless as to how he’s being manipulated. I think he actually gets off on the idea of irritating other people by dropping his off topic bombs rather than any kind of coherent discussions. Sad really.
To stay on topic Michael, what do you think of Lou’s use of “Japs”? in his blog post? Do you think he should apologize for its use and edit it out of the post, or simply ignore it and move on?
I believe that is entirely Lou’s decision. This is his blog and he pretty much gets to say what he chooses. If I was offended it would be my choice to comment or to move on (as is/was yours). Frankly I have bigger things to “clutch my pearls over” than this. It is not as though he was president of the united states, or something!
‘Michael’ is definitely deranged and I’m not concerned about why. I’ve not considered the thought about ‘him’ being ‘her’, but, its a possibility. I’m thinking that may be a stage name at 801.
Since he/she thinks he/she has this all figured out I must be getting close to spending some time in a Siberian gulag. He/she is quite a draw for the comedic value.