I am not posting employment numbers you can have 2% unemployment and the whole of the nation without jobs.
CA Budget Site
Personal income tax revenues were $292 million above the month's forecast of $3.423 billion. Quarterly estimated payments were $154 million above the forecast of $1.417 billion, although the $1.571 billion received was very similar to the year-ago level of $1.581 billion. Withholding was $87 million above the projected level of $1.944 billion and 13 percent above the year-ago level. Other receipts were $75 million above the estimate of $188 million. Refunds were $24 million greater than the expected level of $126 million. For July through September, this tax is $494 million above forecast.
Refunds are due to an overpayment in taxes. It is difficult to use this as a guide as some people over deduct to insure they are do not have to come up with additional payments to the IRS. Tax revenue from personal income tax has decreased.
Sales and use tax receipts were $13 million above the month's forecast of $1.852 September represents the second prepayment for third quarter taxable sales. Final payments for this quarter will be received in late October and early November, providing a more complete picture of third quarter activity. So far this year, the sales tax is $42 million above expectations.
The sales tax including a rough calculation based on very loose figures of California CPI shows tax revenue to be almost flat from last year. There of to me there is no growth going on in CA. My figures are any thing but creative so they could be wrong.
Debt Growth
Bank of America 3Q rises 31%
No. 3 U.S. bank earns $1.92 a share, above views of $1.69; sets aside $100M to pay for fund probes.
October 14, 2003: 7:24 AM EDT
The company said consumer and commercial banking income rose 28 percent to $2.15 billion, as mortgage banking income rose 203 percent to $666 million and credit card income rose 16 percent to $794 million. Investment banking income rose 33 percent to $513 million, and asset management income rose 95 percent to $123 million, it said
Reuters
Merrill Quarter Profit Soars 50 Percent
Tuesday October 14, 7:54 am ET
NEW YORK (Reuters) - Merrill Lynch & Co. (NYSE:MER - News) on Tuesday reported a 50 percent rise in third-quarter profit, its second-best quarterly results ever, powered by strength in key areas such as bond trading and sales of securities to investors
Oroduct Sales Growth
. Intel Sees China PC Market Overtaking U.S. by 2010
Wed Oct 15, 4:54 AM ET Add Technology - Reuters to My Yahoo!
By Doug Young
HONG KONG (Reuters) - Intel Corp, the world's biggest computer chip maker, expects the fast-growing China market to surpass the United States as the top consumer of PCs by 2010, its Asia-Pacific chief said on Wednesday.
This is not my day today between horror in Africa. egos paper dollars and no one dare fall down so they can build a better up. How to run the Fed make it easy keep them fat! Yep, that is why we all treasure lean machines. I am in a very bad mood. |
