Here's the summary of Speaker Johnson's Continuing Resolution (CR) in a thread format: š§µ š§µ š§µ
1/ Speaker Mike Johnson introduced a two-step "laddered" funding bill to avoid a government shutdown. This CR splits funding deadlines into mid-January 2024 for some agencies and early February 2024 for others, allowing time for detailed appropriations bills.
2/ The CR passed with bipartisan support, maintaining current spending levels without the deep cuts some conservatives wanted. However, it excluded spending reductions and conservative policy riders, leading to dissatisfaction among some GOP members, especially from the House Freedom Caucus.
Controversial Aspects of the CR:
3/ No Spending Cuts: A major point of contention, as conservatives pushed for reductions in federal spending which were not included.
4/ Lack of Border Security: Criticized by some for not incorporating measures to enhance border security, a priority for many Republicans.
5/ Exclusion of Policy Riders: Unlike previous CRs, this one did not leverage funding to push conservative policy changes, disappointing those who viewed this as an opportunity.
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Before RFK Jr makes America Healthy Again, these are the food and beverages you need to avoid.
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Ultra-Processed Breakfast Cereals - Kellogg's Froot Loops: Contains artificial dyes like Red 40, Yellow 5, and Blue 1, linked to a 35% increase in ADHD symptoms in children. Research suggests these dyes might elevate cancer risk, though further studies are needed.
Sugary Drinks - Coca-Cola, Pepsi, and Mountain Dew: These drinks can increase diabetes risk by 26% with regular consumption. Mountain Dew's brominated vegetable oil (BVO) has been associated with thyroid problems in animal studies, hinting at potential human health risks.
Content: Makeup tutorials specifically for older women.
Success: Tricia started her channel at 70, focusing on makeup products for mature skin. Her channel has grown immensely, with her videos gaining popularity due to their authenticity and targeted advice.
Impact: She has built a significant following by filling a niche market, proving that age doesn't limit one's ability to influence and make money through content creation.
2/ Grandpa Kitchen
Content: Large-scale cooking of Indian food, especially for children in need.
Success: This channel showcases traditional Indian cooking on a massive scale, often for feeding orphans. His heartfelt approach to cooking and charity has garnered millions of views, with the channel supported by a Patreon for funding.
Did @elonmusk build his businesses off of government subsidies?
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1/ Zip2 Corporation (1995):
Government Subsidy: No direct subsidies are publicly known for Zip2. It was a software company providing business directories and maps for newspapers.
Loans: There's no record of government loans for Zip2. The company was sold to Compaq for $307 million in 1999.
2/ X.com/PayPal (1999):
Government Subsidy: X.com, which later merged into PayPal, did not rely on government subsidies to launch or scale.
Loans: No government loans were involved. Musk invested his Zip2 earnings into X.com. PayPal was sold to eBay for $1.5 billion in stock.
Introduction to the Big Three:
- BlackRock, Vanguard, and State Street are often referred to as the "Big Three" in asset management. These firms manage a significant portion of the world's financial assets, particularly through passive investment products like index funds and ETFs.
Ownership Statistics:
- S&P 500 Influence: Together, they are the largest shareholder in nearly 90% of S&P 500 firms. This is due to their large stake in index funds which track benchmarks like the S&P 500.
- Total Assets Under Management: As of recent estimates, BlackRock manages about $8.6 trillion, Vanguard around $8 trillion, and State Street about $4 trillion. This combined $20 trillion significantly influences the market.
- Common Ownership: These firms not only own large stakes in S&P 500 companies but also in each other, forming a complex network of mutual ownership which some argue amplifies their influence.