Gas Lines Win-Win For All

Gas Lines Win-Win For All — With the Marcellus Shale gas boom occurring some have been moaning about the cost of building mains which has prompted stories in Philadelphia’s “only the government can do good” propaganda sheet, and causing saliva to start dripping from the jaws of the wolves who rule us as they see another chance to spend our money and increase their power.

For instance State Sen. Dominic Pileggi (R-9) is co-sponsoring a bill to require utilities to create plans to extend their gas-distribution
systems. A companion bill would provide $15 million our money to defray the costs of this.

How about the state just stay out of it?

In Tredyffrin Township in Chesco it has been calculated that a neighborhood at a cost of $6,400 per home could bring in a gas main causing a $3,500 annual savings per home to the  heating bills.

Reader Tom C notes that   a smart local bank confident of undue government interference would be more than willing to solicit  loans to each household with an assignment of 75 percent of the savings. The loan would pay off in less than four years with a 8 percent interest rate. Everybody wins and the rest of us don’t have to have our money forcibly taken from us.

Gas Lines Win-Win For All

Delaware Loophole End Passed By Pa. House

Delaware Loophole End Passed By Pa. House — The State House passed legislation last week to close the Delaware Loophole and implement comprehensive business tax reforms for Pennsylvania job creators, reports  Rep. Jim Cox (R-129).

House Bill 440 would close the loophole by targeting specific transactions that some businesses use for the sole purpose of avoiding taxation in the Commonwealth.

The bill also includes several additional tax reforms, including reducing the Corporate Net Income (CNI) Tax rate to 6.99 percent and uncapping the Net Operating Loss (NOL) deductions businesses may take. In addition, the bill would support Pennsylvania’s small businesses, encourage new investments in existing businesses and promote the development of new start-up companies.

All of these reforms seek to make Pennsylvania a more competitive and attractive place to do business.

The bill now heads to the Senate for consideration.

Delaware Loophole End Passed By Pa. House

Record Low Self-Employed Americans

Record Low Self-Employed Americans  — Reader Tom C tells us that the percentage of Americans that are working for themselves has never been lower in the history of the United States with only about 7 percent of non-farm workers being self-employed.

 

Record Low Self-Employed Americans

Get Ready For Bitcoin

Get Ready For Bitcoin — Expect to see stories about the bitcoin  in the old general media.

Online businesses are starting to use this digital currency  because it dodges credit card fees and goes a long way in eliminating payment fraud.

Unlike a fiat currency such as the dollar or euro, bitcoins are mined like gold except that instead of a crusty old guy with a mule wielding a pick they are found by math geniuses using computers.

Each bitcoin transaction  involves data called  “blocks” each of which contain just a little bit of meaningless random information. The miners take all the data in the transaction, shuffle the random part and find a “hash” which are mathematical processes that are easy to reproduce but impossible to reverse and hard to predict. This means that it is more expensive to counterfeit them than to try to find them the right way, as counterfeiters would have to account for more data.

They are backed “exclusively by code” as per  the Bitcoin Foundation.

By design there is never more than 21 million bit coins. New, more difficult to hack, hashes replace the older ones. At some point the system will stop creating new coins and the miners will be out of business.

Note, there is no government regulation or oversight.

Get Ready For Bitcoin

Doubt though you may it appears to work. Over 70 exchanges for bitcoins can now be found online. It is on these that you can get your bitcoins for buying. Merchants, of course, can simply acquire them by accepting them for goods or services.

To use bitcoins, a merchant can site up an account with an exchange such as BitPay which will convert the money to dollars and direct deposit it into the businesses bank account. It charges a processing fee starting at .99 percent which is much less than a credit card.

Here is some more information about bitcoins.

Prediction number 2: Expect to see governments based on fiat currency start attacking bitcoins.

Hat tip Entrepreneur magazine

 

Get Ready For Bitcoin

PepsiCo Beaten Women Are Funny

PepsiCo Beaten Women Are Funny — PepsiCo contracted rapper Tyler, The Creator, to make a commercial for Mountain Dew.

Oh boy, did he. It featured a  white woman with bruises on her face, a brace around her neck and leaning on a crutch trying to pick  her assailant from a police lineup that featured young black men dressed as thugs and a goat. The goat mouths gangster-type threats at her and the ad ends with her fleeing from the room while a detective sips on a Mountain Dew.

PepsiCo pulled the ad and scrubbed it from YouTube as some strangely found it offensive.

It is offensive.

Drink Coke. Heck, drink Sam’s Club or some other store brand. It beats supporting this garbage.

PepsiCo Beaten Women Are Funny

PepsiCo Beaten Women Are Funny

 

PepsiCo Beaten Women Are Funny

Evening Email Most Effective

Evening Email Most Effective — Here’s a business tip: email in the evening.  An analysis by Experian CheetahMail found that emails sent between 8 p.m. and midnight generated significantly higher open and clickthrough rates, more transactions, larger orders, and greater revenue per email than emails sent during any other time of day.

 

Evening Email Most Effective

Delaware Loophole Bill Leaves Committee

Delaware Loophole Bill Leaves Committee — Members of the House Finance Committee last week approved a measure to close the Delaware Loophole and improve the state’s overall business tax structure as one step toward improving the Commonwealth’s jobs climate, reports State Rep. Jim Cox (R-129).

House Bill 440 would institute an “expense add-back” provision to target very specific transactions of Pennsylvania businesses that are taking advantage of the loophole for the sole purpose of tax avoidance.

The bill was amended to include tax reform proposals put forward by the governor, including increasing the state’s net operating loss cap in 2014; offering deductions to help start-up businesses create jobs; implementing a 10-year phase down of the Corporate Net Income tax beginning in 2015; and closing other existing tax loopholes.

Pennsylvania continually ranks among the worst states in the nation when it comes to offering a competitive business climate for job creators. House Bill 440 is designed to make the state a more attractive home for businesses and to level the playing field for all job creators.

The measure now heads to the full House for consideration.

 

Delaware Loophole Bill Leaves Committee

Delaware Loophole Bill Leaves Committee

Pennsylvania 49th Job Growth March 2013

Pennsylvania 49th Job Growth March 2013 — Tom C has submitted this link pointing out that Pennsylvania was 49th in job growth in March.

Are you listening Gov. Corbett? How about the Republicans who control the state house and senate?

Pennsylvania 49th Job Growth March 2013

Ex-Californians Like Texas

Ex-Californians Like Texas  — In the last five years, 150,000 Californians have moved to Texas.  Of course, a lot more Mexicans than that have moved to California some wag might note. Still, Texas has gained 400,000 jobs while California has lost 640,000, and the Lone Star State was responsible for 47 percent of national job growth.

By the way, Louisiana, which despite having had a conservative reputation was in the Democratic pocket at the state-level until Katrina, has since the hurricane and the ensuing fiscal conservative Republican — note the fiscal conservative part, Gov. Corbett — takeover has dropped from 47th to 13th in the Chief Executive rankings as to best states in which to do business.

For the record, Pennsylvania ranks 43rd on the list. Hey, look at the bright side: it beats New Jersey (45th) and New York (49th)

Hat tip Chuck Martini

 

Ex-Californians Like Texas