Believe it or not, California thinks it has a solution to the homelessness problem that can be solved with additional taxation! Go figure.
A new measure in Los Angeles, called Measure ULA, is set to generate $900 million in taxes that will then be used for housing subsidies and tenant protections. The tax is essentially a levy on all property sales of more than $5 million, according to Bloomberg.
This "mansion tax", if it passes, will look to "speed new construction and deliver a way out of the city’s spiraling homelessness crisis", according to Bloomberg. It could generate some $900 million per year to provide infrastructure like affordable homes and tools like counsel for tenants in eviction courts.
Laura Raymond, director of the nonprofit Alliance for Community Transit–Los Angeles, told Bloomberg: “This would be the biggest investment in tenant protections in the history of LA."
After a U.S. judge ordered the FBI to produce the information, the bureau said that it should not be required to hand it over because of exemptions to the Freedom of Information Act (FOIA). And if the bureau still had to produce the information, government lawyers said it should have 66 years because it needs to review the information and redact certain information.
Ty Clevenger, the attorney representing Brian Huddleston, the Texas man who sued the FBI over the information, disagreed.
Measures like GDP are commonly used to understand the overall wealth and size of the economy. However, as Visual Capitalist's Nick Routley details below,while looking at economic output on an annual basis is useful, there are other metrics to consider when evaluating the wealth of a nation.
Household wealth statistics reveal which country’s citizens are accruing the highest level of money and assets worldwide.
This visual utilizes data from Credit Suisse’s annual Global Wealth Report to break down the latest estimates for household wealth by country.
It did not take long for anti-gun activists in the media to make the claim gun control is a winning issue for Democrats, but only if the glaring problems with that picture are ignored.
Abortion, record inflation, large amounts of crime, concerns about democracy, and even climate change and healthcare ranked of higher concern for voters than gun policy according to NBC. Additionally, the New York Times reported last month only 1% of likely voters thought guns were the most important problem. No doubt, if guns were the only issue on the ballot, there would be very different results. The fact is, there were too many factors in play for pundits to make the claim people want more gun control. But there were many glaring cases in which pro-gun elected officials were rewarded for strong pro-gun actions.
Did you know that the internet you’re familiar with is only 10% of the total data that makes up the World Wide Web?
As Visual Capitalist's Carmen Ang details below, the rest of the web is hidden from plain sight, and requires special access to view. It’s known as the Deep Web, and nestled far down in the depths of it is a dark, sometimes dangerous place, known as the darknet, or Dark Web.
This graphic by Enrique Mendoza provides us a glimpse at this shrouded part of the internet, showing us some of the common items that are sold on there, and how much they typically cost.
As the advertising industry drastically changes, companies are embracing celebrities and influencers to promote their products on television and social media. Researchers said advertisers hired celebrities from Black and Hispanic communities to encourage young people of color to purchase junk food.
As the world moves towards net-zero emissions, sustainable and affordable power sources are urgently needed by humanity.
As Visual Capitalist's Bruno Venditti details below, one of the most promising technologies, fusion, has attracted the attention of governments and private companies like Chevron and Google. In fact, Bloomberg Intelligence has estimated that the fusion market may eventually be valued at $40 trillion.
In this infographic sponsored by General Fusion, we discuss the benefits of fusion as a clean energy source.
In the old Marxist regimes, anything that displeased the regime was said to be contrary to “the revolution.” For example, in the Soviet Union, national leaders spoke regularly of how the nation was in the process of “a revolutionary transformation” toward a future idealized communist society. Many years after the actual revolution and coup d’état in Russia following the collapse of tsarist rule, the word “revolution” had “positive connotations and was considered a source of legitimacy in official ideology.”
“Revolutionary” became a synonym for “a thing we like,” and it’s no surprise that a 1952 Soviet legal manual lists “counterrevolutionary” activities as among the “political crimes … deemed generally dangerous crimes against the order of the state.” Moreover, in the early 1950s, when Mao Zedong launched new efforts to consolidate Communist power, he called the effort a “campaign to suppress counterrevolutionaries.” Other regimes adopted similar practices as well. Fidel Castro’s regime frequently launched investigations and campaigns against “antirevolutionary” dissidents and Ethiopia’s Marxist governments in the 1970s described domestic opponents as guilty of “anti-revolutionary crimes.”
Anything that was deemed “counterrevolutionary” or “antirevolutionary” was assumed to be an awful thing that was a threat to the reliably vague notion of progress toward the fulfillment of the alleged revolution. The vagueness of the term was, of course, an advantage from the point of view of the regime. Consequently, to be a counterrevolutionary required nothing more than to be guilty of thought crime by subscribing to heterodox views on the current ruling party.
Thus, to be a counterrevolutionary was simply to be opposed to the regime, regardless of one’s actual ideological views. This is why communist Emma Goldman (a bona fide revolutionary) could be denounced as “antirevolutionary” for expressing doubts about the virtues of the Soviet regime. One’s support for actual revolution was irrelevant, and “antirevolutionary” could simply be defined or redefined as whatever the regime found objectionable at any given time.
Due to a technical error, the Democrat candidate for Jerome’s House seat in Idaho was initially thought to have won. After it was corrected, the seat in the House was declared for a Republican candidate.
The battle for control of the Senate was being fought in Nevada on Friday night, as the Republican challenger's lead narrowed to just 826 votes - with more votes expected to arrive at counting centers on Saturday.
Under Nevada law, votes postmarked on Election Day - Tuesday - can still be counted if they arrive four days later, on Saturday.
With 94 percent of the ballots counted in Nevada, Adam Laxalt, a former co-chair of Donald Trump's Nevada campaign, had 48.5 percent of the vote.
Disney looks set to become the next major corporation to freeze hiring and cut job after a second straight quarter losing over $1billion.
The news comes after a quarter where, despite their subscription gains, the company continues to lose in the streaming market, nearly doubling their fall year-on-year to $1.47 billion.
Disney CEO Bob Chapek addressed the memo to Disney's division leaders, saying the company is instituting a targeted hiring freeze and anticipates 'some small staff reductions' as it looks to manage costs.
Former President Donald Trump on Friday night blasted election officials in Arizona as yet another of his candidates lost a Senate race and Republican keep up their accusations that his medaling could have cost them control of the upper chamber.
The suit contends that, while former presidents have voluntarily agreed to provide testimony or documents in response to congressional subpoenas in the past, 'no president or former president has ever been compelled to do so.'
'Long-held precedent and practice maintain that separation of powers prohibits Congress from compelling a President to testify before it,' Trump attorney David A. Warrington said in a statement announcing Trump's intentions.
The sudden collapse of crypto exchange "FTX" and its Bankruptcy filing today, has revealed that FTX presently suffers from $10-$50 BILLION in liabilities with almost ZERO assets . . . and among those liabilities, are "investments" made by . . . . UKRAINE . . . .
At this early hour, it __appears__ that tens-of-billions in American "Military Aid" to Ukraine, which was allegedly to be used to fight Russia, was cash that Ukraine DID NOT use to fight Russia, but instead invested into FTX!
And, as you might guess from the Bankruptcy filing . . . . it now seems that all the money . . . is gone.
Gina Swoboda, an elections expert helping the Kari Lake campaign, offered a very encouraging report on Friday concerning the votes yet to be counted in the Arizona governor’s race.
Swoboda told “Real America’s Voice” host Charlie Kirk that 351,000 Republicans who are four-out-of-four voters — meaning they voted in the last four primary and general elections — have not had their votes in Tuesday’s election tabulated yet.
Kirk noted that these are “very high-propensity” Republicans who have not yet had their ballots counted.
We have been gradually squeezing the nice mild air out of our state throughout Friday. Have warm winter clothing on hand for the weekend as well below normal temperatures are expected. We’re also tracking some snow for Saturday as well.
Friday night: We are in for a much colder night with lows falling into the low 30s. There is the chance for some snow showers to start working into southwestern Indiana closer to daybreak.