How Many Of These Questions Will Chris Wallace Ask Joe Biden?

30-09-20 07:39:00,

The day has finally come for the mano-a-mano first debate between Joe Biden and Donald Trump. The questions continue about whether Biden will make 90 minutes of debate after his sundowning and whether Trump can get through the debate without self-immolation.

Of course no matter what is actually said, Biden will be declared the victor by MSM but here are some questions that AmericanThinker.com’s Josh Kantrow suggests Chris Wallace ask Joe Biden…

1. Why did members of your family keep getting lucrative business opportunities overseas while you were vice president? 

2. How did your brother, Frank, secure $45,000,000 in taxpayer loans from the Obama administration for his Caribbean projects? 

3. How did a newly minted firm employing your other brother, James, receive a $1.5-billion contract to build homes in Iraq despite having no experience in construction or international development? 

4. Why did your son Hunter accompany you on your official trip to Beijing in December 2013?  What did he do on that trip?  Whom did he meet with?  What should the American public make of the fact that just ten days after this trip, your son’s boutique private equity firm secured a $1-billion investment deal from the state-owned bank of China (later expanded to $1.5 billion) despite having no prior experience in China, and why, with this deal, did the Chinese government grant your son’s firm a first-of-its-kind arrangement to operate in the the recently formed Shanghai Free-Trade Zone — a perk not granted to any of the large established financial institutions? 

5. Should the American public be concerned that your son’s private equity firm partnered with a Chinese government-owned aerospace and defense conglomerate to facilitate the purchase of an American company that produced strategically sensitive dual-use military technology that the Chinese government wanted?

6. Does your “Build Back Better” proposal contain any provisions to ensure that American taxpayer-funded technology is not bought off by Chinese state-backed enterprises working with private equity firms like your son’s?

7. Back in 2000, you voted in favor of giving permanent Normal Trade Relations (NTR) to China.  At the time, you said this would not lead to “the collapse of the American manufacturing economy” because China is “about the size of the Netherlands” and could not possibly become “our major economic competitor.”  Furthermore,

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14-04-20 09:24:00,

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These Phones Emit The Most (And Least) Radiation

26-11-19 09:00:00,

For most people nowadays, their smartphone is within arm’s reach 24 hours a day. It’s in their pocket while they’re at work, it’s in their hand on the train ride home and it’s on their bedside table as they go to sleep. With this level of proximity and usage, many can’t quite shake the niggling feeling that they might be risking damage to themselves in the long run.

While conclusive longitudinal research on the effects of cell phone radiation is still hard to come by, for those looking to hedge their bets, Statista’s Martin Armstrong shows in the infographics below, the phones that emit the most (and least) radiation when held to the ear while calling.

The German Federal Office for Radiation Protection (Bundesamt für Strahlenschutz) has a comprehensive database of smartphones – new and old – and the level of radiation they emit.

Following the criteria set for this chart (see footnotes), the smartphones creating the lowest level of radiation are the Samsung Galaxy Note8 and the ZTE Axon Elite – with a specific absorption rate of 0.17 watts per kilogram.

Infographic: The Phones Emitting the Least Radiation | Statista

You will find more infographics at Statista

In fact, alongside Nokia, Samsung handsets feature prominently, with eight of the smartphones on this ranking coming from the South Korean company.

This contrasts starkly with their major rival Apple. Two iPhones occupy a place in the list of phones which emit the most radiation, compared to none from Samsung, but, as Statista’s Martin Armstrong notes, the current smartphone creating the highest level of radiation is the Mi A1 from Chinese vendor Xiaomi.

Infographic: The Phones Emitting the Most Radiation | Statista

You will find more infographics at Statista

Another Xiaomi phone is in second place – the Mi Max 3. In fact, Chinese companies are represented heavily in this list, accounting for 7 of the top 15 handsets. Premium Apple phones such as the iPhone 7 and the iPhone 8 are also here to be seen, though, as are the latest Pixel handsets from Google.

While there is no universal guideline for a ‘safe’

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These Are The Banks Where The Fed’s $1.4 Trillion In Reserves Are Parked

22-09-19 09:22:00,

Over the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for, and in the end both Powell and the former head of the NY Fed’s markets desk admitted that Quantitative Tightening had been taken too far, and the total amount of reserves in the system was too low and will be increased (welcome back QE).

Yet while the book has yet to be written on the causes for last week’s shocking move higher in repo rates, which sent general collateral as high as 10%, a record print in a time of $1.4 trillion in excess reserves, we can shed some clarity on the definition of “reserves.” While there is a universe of semantic gymnastics when it comes to explaining what reserves are, the  most basic definition is quite simply “cash”, however not cash in circulation but rather cash (and deposits) held in the bank’s account with the Federal Reserve (which the US central bank’s name comes from).

This means that there should be a de facto identity between the total amount of cash in the US banking system and the amount of total (minimum required plus excess) reserves. Sure enough, if only looks at the Fed’s weekly H.8 statement, which lists the “Assets and Liabilities of Commercial Banks in the United States“, and adds across the various banking cash aggregates in the US, what one gets is precisely the total amount of reserves.

This is seen in the chart below, which adds across the weekly cash for both small and large domestic commercial banks operating in the US (blue and red shaded areas) as well as foreign commercial banks (yellow shaded) operating in the US. The black line, meanwhile, shows the total amount of reserve balances with Federal Reserve Banks. By definition these two numbers have to be virtually identical, and sure enough, they are.

Why is the above important?

Because as the FT reported on Friday as part of its interview with the NY Fed’s new,

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It’s not just Amazon: These profitable US corporations paid ZERO taxes

21-04-19 11:22:00,

Sixty of America’s biggest companies from the Fortune 500 list, including IBM, Netflix, General Motors and Chevron, managed to avoid paying a dime in income taxes on their whopping profits last year.

After the explosive report on how Jeff Bezos’ Amazon used tax loopholes and paid nothing in taxes for two years in a row, the Institute on Taxation and Economic Policy (ITEP) revealed that many more US companies did the same thing absolutely legally in 2018.

They include 60 major firms from different sectors of the US economy from retail to oil and gas. For example, Delta Air Lines paid nothing to Uncle Sam despite recording over $5 billion in profits. Energy major Chevron and automotive giant General Motors also paid zero tax, with each having earned more than $4 billion last year.

In total, the listed companies zeroed out federal income taxes on $79 billion in US pretax income, according to ITEP findings. And instead of paying $16.4 billion in taxes, these corporations enjoyed a net corporate tax rebate of $4.3 billion.

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This all happened thanks to various legal loopholes created by the “technically flawed” 2017 Tax Cuts and Jobs Act. The law left most tax breaks intact while it also set a 21 percent statutory corporate tax rate (reduced from 35 percent).

“The result, unsurprisingly, has been a continued decline in our already low corporate tax revenues: in fiscal 2018, US corporate tax revenues fell by 31 percent, according to US Treasury data,” the authors of the report said. “This was a more precipitous decline than in any year of normal economic growth in US history.”

The diverse array of legal tax breaks includes accelerated depreciation (used, for example, by Chevron and Delta Airlines among others) as well a tax break for stock options, from which Amazon and Netflix benefited. The latter – with $856 million in profit – reduced its income taxes by $191 million by taking advantage of this tax break and paying nothing.

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Africa’s Amazon ready to make market debut on New York Stock Exchange

However,

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