Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: ripple effect

Nearly 3,000 Venezuelans Leaving Their Country Every Day

This article appeared online at TheNewAmerican.com on Monday, March 19, 2018: 

English: Logo of the Norwegian Refugee Council

The increasing flood of Venezuelan refugees is putting so much pressure on neighboring countries that the Norwegian Refugee Council (NRC) is calling for help. More than four million people have left Marxist Nicolas Maduro’s socialist “paradise” in just the last four years, and the numbers are increasing. They are finding temporary refuge in Brazil, Colombia, Ecuador, Peru, Chile, Argentina, Mexico, Costa Rica, Panama, Aruba, and Spain; however, those countries are being pushed to their limits.

The NRC stated that the “international community … must step up efforts immediately to provide much-needed protection and humanitarian assistance … a comprehensive and rapid response to food, education, documentation and health needs [is] vital throughout the region … [we are] requesting an immediate $2.5 million … particularly on the border areas between Colombia and Venezuela.”

But, as the NRC itself admits,

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ExxonMobil Announces $35 Billion in New Investments in U.S. Thanks to Tax Reform

This article appeared online at TheNewAmerican.com on Tuesday, January 30, 2018: 

The chief executive of ExxonMobil, the largest of the seven publicly traded “supermajor” oil companies known as “Big Oil,” Darren Woods, posted a blog on Monday announcing that his company would be redirecting $35 billion that would otherwise be headed for Washington, D.C., into much more potentially profitable projects. He gave credit to the new tax reform law just signed into law by President Trump:

These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law….

 

These positive developments will mean more jobs and economic expansion across the United States in a myriad of industries.

This $35 billion is on top of the $23 billion to $27 billion the company said last year that it would be investing globally over each of the next three years. And there’s more to come, said Wood: “We’re actively evaluating the impact of the lower tax rate on the economics of several other projects currently in the planning stages.”

Translation: Monday’s announcement is just the beginning for ExxonMobil. The company has 20 billion barrels of proven reserves of crude oil “equivalent” (oil and natural gas) and a refinery capacity of nearly five million barrels a day. Its 20 refineries are spread across 14 countries, and it operates 100 major exploration projects around the world. It recently purchased $6 billion worth of oil leases from the Bass family on top of the Permian Basin in Texas and New Mexico, and is expected to expand further its operations in North Dakota above the Bakken Formation.

Wood praised tax reform for providing his company the opportunity to redirect its resources to more profitable opportunities:

These are quality investments for our shareholders that are made even better by tax reform. These are all possible because of the resource base developed by our industry along with sound tax and regulatory policies that create a pro-growth business climate here in the U.S.

Wood estimated that the new investments, once completed, will add an estimated 12,000 new workers to his company which already employs 73,500 people. The implications for the economy are obvious, and enormous: Exxon rarely misses an opportunity to move capital into profitable projects, adding to its already enormous $330 billion asset base. It will still pay taxes on those additional profits, just at a much lower level. Those nearly 90,000 people on the payroll will also be paying taxes, also at lower levels than before.

But what is often missed is that ExxonMobil is just one, although one of the largest, of the companies announcing such investments directly as a result of tax reform and its lower tax rates. Walmart, Apple, Boeing, Comcast, and hundreds of others have announced similar plans to reward their employees through bonuses and/or salary increases or through additional expanded employment opportunities. What also is often missed is the “ripple-effect” of monies being redirected from Washington to places where it is much more profitably employed. Every company does business with dozens if not hundreds of other companies that consider those investments as increased business revenue. That new flow encourages further investment at a micro level. It’s the unseen hand of Adam Smith that improves the standard of living for everyone, even as each individual and company seeks its own best opportunities.

All of this is highly annoying to far-left liberal Democrats, who seem to have a death wish, especially during this mid-term election year. California’s House Democrat Nancy Pelosi seems most skilled at self-immolation by calling those salary increases and bonuses “crumbs,” while former DNC chairwoman Debbie Wasserman Schultz (D-Fla.) dismissed them as “chump change.” To this writer’s knowledge, not a single employee offered either a bonus or a salary increase has turned it down. And $35 billion from ExxonMobil alone is hardly “chump change.”

Not only are these new funds being redirected away from Washington, known for its extravagant wastefulness in spending other peoples’ money, it is very likely to be employed in highly profitable projects that have now become viable thanks to tax reform.

Why, even the International Money Fund (IMF) has been forced to admit that these new investments are of such a magnitude that the ripple effect worldwide will be to drive global GDP to close to four percent in 2018 and years following.

Tax-Reform Ripple Effect: Hundreds of Companies Recalibrating, Raising Employee Benefits, Investing in New Projects

This article appeared online at TheNewAmerican.com on Friday, January 26, 2018: 

Workers at Camp Construction, the construction giant headquartered in Houston with sites all across the southern United States, received a note along with their last paycheck. Signed by the company’s president, Roger Camp, it read:

Because of the reduction in corporate taxes we, as will all businesses, benefit from this tax cut. We believe that YOU are the reason for our success. And now that we will be giving less of our hard earned income to the federal government, we can share some of it with you.

 

Please look for a $500 tax cut bonus in your next payroll run.

There are now more than 240 companies who are doing the same for their employees. At current count this will brighten the paydays of more than three million workers.

And the ripple effect of the tax reform law is just starting to be felt.

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Apple’s Repatriation of Its Profits: Talk About Stimulating the Economy!

This article was published by The McAlvany Intelligence Advisor on Friday, January 19, 2018: 

After paying the world’s largest tax bill – $38 billion – Apple, Inc., the world’s largest company by market capitalization and now the government’s largest taxpayer, will have $214 billion left over.

It is making plans for that $214 billion. In its announcement on Wednesday, the company said it would be making “a new set of investments to build on its commitment to support the American economy and its workforce, concentrated in three areas where Apple has had the greatest impact on job creation: direct employment by Apple, spending and investment with Apple’s domestic suppliers and manufacturers, and fueling the fast-growing app economy that Apple created with iPhone® and the App Store®.”

It added:

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Walmart Voluntarily Raises Its Minimum Wage

This article appeared online at TheNewAmerican.com on Friday, January 12, 2018: 

The world’s largest retailer, Walmart, announced on Thursday that it was voluntarily raising its minimum wage for new workers to $11 an hour starting next month. Included in the announcement were staged bonuses that will be paid to present workers based on their time with the company. Also included was a vast improvement in maternity benefits, with full-time hourly workers receiving 10 weeks of paid maternity leave and six weeks of paternal leave. Parents who adopt will get the same benefits plus a check from Walmart for $5,000 to help cover their adoption costs.

This is on top of the wage increases announced by the retailer in 2015 to be staged in over the next three years.

What’s notable is that this is taking place ahead of

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Dakota Access Pipeline Fulfilling Its Promise

This article appeared online at TheNewAmerican.com on Monday, January 1, 2018: 

Fully operational since June, the Dakota Access Pipeline is lowering transportation costs, reducing tank car usage, reducing environmental and population risk, improving North Dakota’s financial condition, and putting the lie to the alarmist anti-pipeline propaganda.

There’s scarcely a downside.

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Credit Agencies Declare Venezuela in Default

This article appeared online at TheNewAmerican.com on Tuesday, November 14, 2017:

English: Federal dependencies of Venezuela's Flag

Federal dependencies of Venezuela’s Flag

Following a meeting between some of Venezuela’s bondholders and Venezuelan officials in Caracas on Monday, Maduro’s government declared the meeting a success: “The process of refinancing Venezuela’s foreign debt began with resounding success. The start of this refinancing of our debt ratifies our full intention to comply, as we have always done, with all our obligations.” One observer of the 25-minute long meeting, Raymond Zucaro of RVX Asset Management, said, “Nothing of substance happened.”

What did happen is that Maduro’s government, which promised it would be making a number of bond interest payments, didn’t. According to both Moody’s and S&P Global,

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This Thoroughbred is Just Beginning to Feel His Oats

This article was published by The McAlvany Intelligence Advisor on Friday, October 20, 2017:

English: Thoroughbred racing at Churchill Down...

Thoroughbred racing at Churchill Downs.

It’s tempting to push the analogy comparing the U.S. economy to a Thoroughbred horse too far. But it is tempting. The Thoroughbred breed began around the time of the Industrial Revolution, when an English mare was crossbred with an imported Oriental stallion with Arabian, Barb, and Turkoman breeding. All Thoroughbreds can trace their pedigrees to three stallions imported into England in the 17th century. They were exported to Australia, Europe, Japan, and South America during the 19th century, and today an estimated 100,000 Thoroughbred foals are registered worldwide every year.

A Thoroughbred is tall, slender, athletic, and built for competition, usually on racetracks. Among the most famous are Citation, Phar Lap, Old Rosebud, Whirlaway, Roamer, Seabiscuit, and Man o’ War.

And, of course, the United States economy.

Starting at around 1800, the U.S. economy grew at such a rate that

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S&P Downgrades China’s Credit Rating

This article appeared online at TheNewAmerican.com on Thursday, September 21, 2017:  

Thanks to “diminished financial stability,” S&P Global Ratings downgraded China’s credit rating for the first time since 1999, adding, “China’s prolonged period of strong credit [debt] growth has increased its economic and financial risks. Although this credit [debt] growth had contributed to strong real gross domestic product growth and higher asset prices, we believe it has also diminished financial stability.”

The downgrade by S&P is the second one this year for China — Moody’s Investors Service dropped China’s rating in May — and was preceded by a warning from the International Monetary Fund (IMF) in August that China’s growing debt binge was putting its economy into jeopardy.

The response by Chinese officials was as predictable as it was silly.

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Shiller’s CAPE, Harvey, Irma, and now Jose: How Much More is Needed for a Stock Selloff?

This article was published by The McAlvany Intelligence Advisor on Friday, September 8, 2017:

English: (left) and meeting shortly after the ...

Republicans Smoot and Hawley

Wall Street prognosticators have watched Robert Shiller’s CAPE – “cyclically adjusted price-to-earnings” ratio – for years for signs that stocks are becoming overvalued. It’s now at a nosebleed level reached just before the October 1929 crash. The good news is that CAPE has been at that level ever since Shiller said that stocks were overvalued earlier this year. It is not a market timing tool, but more of an early warning indicator.

Short sellers have gotten smashed as the stock market continues to defy gravity. Bets against the SPDR S&P 500 exchange-traded fund, the largest ETF tracking that index, fell to lows in July not seen since May 2013.

But Hurricanes Harvey, Irma, and now possibly Jose may finally bring things back to earth. The jump in unemployment claims for the week ending September 2, caused by Harvey and reported by the Department of Labor (DOL) on Thursday, not surprisingly exceeded economists’ consensus. The increase of 62,000 for the week to

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Jump in Jobless Claims Following Harvey Is Just the Beginning

This article appeared online at TheNewAmerican.com on Thursday, September 7, 2017:

View of the eyewall of Hurricane Katrina taken...

View of the eyewall of Hurricane Katrina taken on August 28, 2005 as the storm made landfall on the United States Gulf Coast.

The jump in unemployment claims for the week ending September 2, as reported by the Department of Labor (DOL) on Thursday, not surprisingly exceeded economists’ consensus of just 241,000. The increase of 62,000 for the week to 298,000 nearly broke a claims record that has been in place for 131 weeks: 300,000.

That record will surely be broken in the weeks to come. The unemployment claims are just beginning to come in, and they are a predictor — a proxy — for job layoffs. Some workers

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Carbondale, Illinois Seizes Eclipse Opportunity to Boost Its Economy

This article appeared online at TheNewAmerican.com on Monday, August 21, 2017:

Two years ago Carbondale, Illinois’ mayor Mike Henry learned of the epic cosmic event headed his way and decided not to say, “Oh, no!” but instead said, “Oh, yes!”:

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Democrats Used Discredited Dossier Against Trump

This article appeared online at TheNewAmerican.com on Friday, July 14, 2017: 

The ripple effect from the publishing in January by far-left BuzzFeed of the phony, discredited “Trump Dossier” written by anti-Trump British MI6 agent Christopher Steele is still being felt. As a result of a London lawsuit against Steele, the former British spy was forced to admit that his information, which was obtained from various unnamed Kremlin sources, was never verified as accurate. But that hasn’t deterred Democrats determined to harm or destroy the Trump presidency from using it as fodder for their attacks.

Steele, a confirmed socialist, wrote a series of memos about information he said he had gleaned from various “Kremlin insiders,” a “trusted compatriot,” “former top level Russian intelligence officers still active inside the Kremlin,” and two other unnamed sources he referred to as “sources A and B.” But Steele stumbled when, in memo #16, he claimed that members of the Russian spy service FSB were to meet with one of Trump’s people in a conspiracy to defame Hillary Clinton. Wrote Steele:

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Illinois Sends “Dear Contractor” Letters Ordering Them to Stop All Road Construction

This article appeared online at TheNewAmerican.com on Thursday, June 15, 2017: 

English: A photograph of the Springfield Capit...

A photograph of the Springfield Capitol Building

Illinois contractors working on the state’s roads just received a “Dear Contractor” letter from the state ordering them to halt work because the state is out of money to pay them:

At this time appropriate funding is not available after June 30, 2017. Thus, work shall cease effective June 30, 2017.

Please bring all projects to a condition that will provide a clear and safely traveled way….

On July 1, 2017, all work shall cease except for maintenance.… The department will notify you when work may resume.

Right now the state has $14.5 billion in unpaid bills, an increase of nearly $4 billion just since the end of December, with no end in sight. When Republican Governor Bruce Rauner took office in January 2015, he promised he would bring order out of chaos by

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Trump’s Plan to Revise SNAP Draws Howls of Protests From Liberals

This article appeared online at TheNewAmerican.com on Tuesday, May 30, 2017: 

English: Logo of the .

Modest revisions to the federal government’s present SNAP (Supplemental Nutrition Assistance Program) proposed by Trump’s budget released last week have drawn howls of protests from predictable places. The New York Times and ThinkProgress are calling the cuts “full of horror,” “backbreaking,” and sufficient to “destroy the food stamp program.”

What’s proposed is a cut of less than $20 billion a year to a program that currently costs taxpayers more than $70 billion annually. It also would involve a modest shift of financial responsibility back to the states where it properly belongs.

The cuts are predicated on the impact the imposition of “work rules” would have

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Supreme Court Blows Up Big Taxi

This article was published by The McAlvany Intelligence Advisor on Friday, April 28, 2017:

Orange Colour Taxis.

Big Taxi just had a Belshazzar moment. In Chapter 5 of Daniel, Belshazzar, the son of Nebuchadnezzar, was hosting a feast and drinking from holy vessels that had been looted from Israel’s first temple. The hand of God appeared, writing on the wall. Daniel is called and reads it: “God has numbered your days.”

When the Supreme Court declined on Monday to consider an appeal from Big Taxi in Chicago, the handwriting was on the wall: your days are numbered.

Its days were numbered when

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Supreme Court’s Non-decision Expands Passenger Ridesharing Freedom

This article appeared online at TheNewAmerican.com on Thursday, April 27, 2017: 

By declining to hear an appeal, the Supreme Court on Monday essentially declared that rules protecting the taxi cartel in Chicago were null and void, thus expanding passenger freedom. As an attorney with the Institute for Justice (IJ), which represented Chicago Uber driver Dan Burgess, explained: “Today’s decision makes clear what [IJ] has said for years. The Constitution does not require [city] governments to stick with outdated protectionist regulations in the face of technological innovation.”

When Uber and other ride-sharing companies entered the Chicago market several years ago, they soon became a thorn in the side of the taxi cartel that had operated under protectionist rules dating back to 1937. Those rules

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Walmart vs. Amazon: Battle of the Behemoths

This article was published by The McAlvany Intelligence Advisor on Monday, April 3, 2017:

English: Walmart Home Office, the headquarters...

Walmart Home Office, the headquarters of Wal-Mart – Bentonville, Arkansas

In one corner is Amazon, the book-seller that Jeff Bezos founded in 1994 that is now the most valuable retailer in the United States as measured by market cap: $425 billion as of March 31. In the other corner is Walmart, the world’s largest retailer when measured by revenue – $485 billion in 2016.

Amazon’s path to the finals is littered with the bodies of its former competitors, some still twitching but whose death is certain: Sears, J.C. Penney, Abercrombie & Fitch, Macy’s, and Target. Walmart is determined not to be carrion in this epic battle.

Accordingly, Walmart has made some serious moves by

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Americans, Europeans Agree: Trump Is Right on Immigration

This article appeared online at TheNewAmerican.com on Monday, February 13, 2017:

English: Nigel Farage at Lord's cricket ground...

Nigel Farage

A poll by the Royal Institute of International Affairs (RIIA, also known as Chatham House), the British sister organization to our Council of Foreign Relations (CFR), taken a month before President Donald Trump issued his temporary suspension on refugees, showed widespread and increasing support among Europeans for his actions. Across all 10 of the European countries polled, 55 percent of those polled agreed that all further immigration from “mainly Muslim” countries should be stopped while only 20 percent disagreed. In no country did those disagreeing exceed 32 percent.

The results were “striking and sobering,”

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Blowing Up the Globalists’ Plans

This article was published by the McAlvany Intelligence Advisor on Monday, February 13, 2017:

Logo of United Nations Refugee Agency.Version ...

Logo of United Nations Refugee Agency.

The Royal Institute of International Affairs (RIIA) grew out of failure. Known alternatively as Chatham House, it was conceived during the Paris Peace Conference of 1919 (also called the Versailles Peace Conference). It was decided that, once the so-called “peace” terms were put in place to punish Germany and its allies after the War to end all wars, various insiders decided a one-world government was needed to keep such a catastrophe from occurring in the future. It birthed the

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.