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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (126827)12/22/2016 2:09:43 AM
From: Sdgla  Read Replies (1) | Respond to of 217666
 
Good thing you're such a partisan nutjob elroy.. otherwise you might appear to be a liar masquerading as a nutjob.

What will happen to our economy when POTUS Elect Trump reduces the corporate income tax to 15% followed by a 1 year waiver for repatriation of off shore monies ?

Not to mention the removal of the mountain of obama regs and exec fiats ?

You stay in your message as it suits you just fine.




To: Elroy Jetson who wrote (126827)12/22/2016 12:58:15 PM
From: louel1 Recommendation

Recommended By
bart13

  Respond to of 217666
 
There is always a better move in hind sight. Warren Buffet also had losses over the years. So that is a Mute point. The greatest thing about Trump is he didn't quit. Regardless of how he succeeded.

Andrew Carnegie's Epitaph says a lot when you look at the people Trump has picked. You don't have to know everything as long as you know how to pick good executives who do know the task they are asked to do. It is called Delegating Authority Trumps picks are even applauded by many Democrats.

earlytorise.com

Give him 4 Years then judge how Jobs and the rest of the economy is doing. Armchair critics never seem to run them selves, Why ?



To: Elroy Jetson who wrote (126827)12/22/2016 9:29:53 PM
From: Sdgla  Read Replies (2) | Respond to of 217666
 
Find the businessman Elroy: President-elect Donald Trump has picked Andrew Puzder, the head of the Carl's Jr. and Hardee's fast food restaurants, as his nominee for Labor secretary.Puzder, 66, is a vocal critic of government regulation and opposes a $15 minimum wage, broader overtime pay and the Affordable Care Act.
Trump, in a statement, credited him with an "extensive record fighting for workers."

The Labor Department oversees America's job market, regulates the workplace, and produces statistics like the unemployment rate that underpin economic policy.

Puzder has been the CEO of CKE Restaurants since 2000. He's credited with turning around the Hardee's brand, but his company has been accused of labor violations and fielded complaints about sexist commercials.

His appointment, which would require Senate confirmation, comes at a time when restaurants and other low-wage industries are feeling pressure to increase pay. Puzder would likely resist those pressures as Labor secretary.

Related: What a fast food CEO as Labor Secretary means for the Fight for $15

The fast food industry in particular has been the target of nationwide protests pushing for a $15 minimum wage, up from the current $7.25.

In a Wall Street Journal op-ed in March, Puzder said a $15 minimum wage, mandatory paid sick leave laws and the Affordable Care Act, known as Obamacare, raise costs for employers and force them to rely more on automated technology.

"While the technology is becoming much cheaper, government mandates have been making labor much more expensive," he wrote.

Andrew Puzder is President-elect Donald Trump's choice for Labor secretary, a source familiar with the decision tells CNN.

Puzder told the Los Angeles Times in March that he's not opposed to raising the federal minimum wage above $7.25 or pegging it to inflation, though he said a jump to $15 an hour will cost workers their jobs.

Puzder has also been one of the harshest critics of an Obama administration rule that would require workers who make less than $47,500 and work 40 hours per week be paid overtime. The rule was put on hold by a federal judge in November.

"The real world is far different than the Labor Department's Excel spreadsheet," Puzder wrote in a Forbes guest column in May. "This new rule will simply add to the extensive regulatory maze the Obama Administration has imposed on employers, forcing many to offset increased labor expense by cutting costs elsewhere."

Related: Millions may now lose eligibility for overtime after ruling

In 2004, CKE agreed to pay $9 million to settle three class-action lawsuits involving overtime pay. Puzder told the Orange County Register in 2014 that CKE had spent $20 million on overtime lawsuits in California over the previous eight years, and that the company had reclassified managers as hourly workers as a result.

Under Puzder, Hardee's and Carl's Jr. have come under fire for notoriously lewd commercials targeting young men.

A racy ad featuring a bikini-clad Paris Hilton washing a car while eating a Carl's Jr. burger debuted in 2005. Since then, the brand has doubled down on using supermodels to sell hamburgers. A 2015 Super Bowl commercial featuring a seemingly nude Charlotte McKinney was widely panned.

"I don't think there's anything wrong with a beautiful woman in a bikini, eating a burger and washing a Bentley or a pickup truck or being in a hot tub," Puzder told CNNMoney in 2015. "I think there's probably nothing more American."

If confirmed by the Senate, Puzder will take over for Tom Perez, who was nominated by President Obama in 2013.

Perez issued a rule that extended minimum wage and overtime protections to home health care workers, and he pushed for a rule requiring lawyers to disclose the work they do for employers on union negotiations. That rule has also been blocked by a federal judge.

The Labor Department offers job training programs to workers who lose their jobs because of global trade. It can also fine companies for breaking labor laws, such as the minimum wage.

The Labor Department is one of the economy's principal record-keepers through its oversight of the Bureau of Labor Statistics.

During his presidential campaign, Trump sought to discredit BLS numbers. He has claimed, falsely, that the published unemployment rate is a "joke" and a "hoax."

In a speech after he won the New Hampshire primary in February, Trump speculated that the unemployment rate was "probably 28, 29, as high as 35. In fact, I even heard recently 42%." The unemployment rate was 4.9% at the time and has since fallen to 4.6%.

The BLS also publishes the monthly jobs report and an an array of data on wages, jobs and industries.

--CNN's Sara Murray and CNNMoney's Danielle Wiener-Bronner and Patrick Gillespie contributed to this report.



To: Elroy Jetson who wrote (126827)12/22/2016 9:39:23 PM
From: Sdgla  Read Replies (1) | Respond to of 217666
 
Another businessman man ELRon: Who Is Trump Pick Steven Mnuchin & What Does The Treasury Secretary Do ?

Financier Steven Mnuchin (C) arrives at Trump Tower on another day of meetings scheduled with President-elect Donald Trump on November 21, 2016, in New York. (Photo credit: EDUARDO MUNOZ ALVAREZ/AFP/Getty Images)

President-elect Donald Trump is expected to name Steven Mnuchin as Secretary of the Treasury.

Mnuchin, 53, is a graduate of Yale University. His father was a banker and partner at Goldman Sachs. Mnuchin followed suit, earning tens of millions of dollars at Goldman Sachs over almost two decades. Following Goldman Sachs, Mnuchin worked with Soros Fund Management (yes, thatSoros) and eventually founded his own hedge fund company, Dune Capital Management LP.

It turns out, Hollywood was also calling: Mnuchin began producing movies. In 2013, RatPac Entertainment merged with Mnuchin's successful Dune Entertainment, which had backed blockbusters like The Devil Wears Prada and Avatar, to become RatPac-Dune Entertainment. The company has since produced a number of popular films including Gravity (2013), The Lego Movie (2014), and Magic Mike XXL (2015).

In 2009, a newly created bank called OneWest Bank, funded in part by Mnuchin's hedge fund company, bought the failed bank IndyMac (a spinoff from troubled Countrywide Home Loans) from the government. The new chair of OneWest was Mnuchin. Five years later, OneWest was acquired by CIT for $3.4 billion, and Mnuchin remained at the helm as chair. The sale was said to be "a hugely profitable deal for the hedge-fund and private-equity investors that have owned the bank for five years.
Mnuchin wasn't done being a chair: in early 2016, Mnuchin was named finance chair of Trump's 2016 presidential campaign. At the time, it was revealed that Trump had known Mnuchin for years.

Assuming that Mnuchin is appointed and approved to Trump's Cabinet, what will he do exactly? Here's what the job entails.

The Secretary of the Treasury is a member of the President's Cabinet. The office dates back to the first Congress of the United States which created the Department of the Treasury to manage the finances for the new country. The Treasury Act (clever name, right?) was also known as HR-9 and began:

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be a Department of Treasury, in which shall be the following officers, namely: a Secretary of the Treasury, to be deemed head of the department; a Comptroller, an Auditor, a Treasurer, a Register, and an Assistant to the Secretary of the Treasury, which assistant shall be appointed by the said Secretary.

The first person to hold the office of Secretary of Treasury was Alexander Hamilton. Hamilton, a champion of strong central government, was the principal economic advisor to President Washington (but you knew that already from the musical, right?) and a banker. Hamilton's actions set a precedent for future Secretaries of the Treasury: today, the Secretary establishes economic and financial policy for the country - that includes tax policy.

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