Your Look At Things You Need To Know For Your Wednesday

As you face your day, Smile Often, Think Positively, Give Thanks, Laugh Loudly, Love Others ,Dream Big, Remember, Life is like a Camera, Focus on What’s  Important, Capture The Good Times, Develop From The Negative and If Things Don’t Work out, Take Another Shot. Difficult Roads Often Lead To Beautiful Destinations.

Many find that their anxiety levels will go up when they watch cable news, which causes many to avoid cable news or information that would otherwise help or hurt our society. ” The Government of the people, by the people, shall not perish from the Earth.” Abraham Lincoln.

Stay engaged in the business of OUR SOCIETY, take a break if you get overwhelmed. But equipped yourself with information so that you can make a educated decision that will impact OUR SOCIETY. TAKE A BREAK, BUT,  Don’t Quit.

here’s what you need to know to Get Up to Speed

Alabama Senate race
The ruby red state of Alabama turned blue, at least for one night. Doug Jones stunned the political world, beating Republican Roy Moore in a special election to become the first Democrat in a generation to be elected to the Senate from the state. Moore wouldn’t concede the narrow loss and demanded a recount, but Alabama’s secretary of state said a change is highly unlikely.

The result is an absolute game changer for Republicans and President Trump. Most of the GOP has cast a blind eye to the controversies swirling around the Trump presidency so far, but the party can’t ignore a safe seat in a red state falling to Dems, especially with the midterms coming up next year. Trump, who gave Moore his full endorsement, will share the blame for this loss, and many Republicans fear the President will be an even bigger drag on them in 2018.

Besides the sexual misconduct allegations against Moore, race may have played a bigger role than many expected. Jones needed Obama-era turnout from black voters, and he got it. Blacks made up almost 30% of the electorate this time, surpassing the record African-American turnout when Barack Obama was on the ballot. These voters clearly had strong reaction to Moore’s many dubious comments on race, like when he said America’s families were stronger when there was slavery. Jones, who in 2002 was lead prosecutor against Ku Klux Klan members responsible for the 16th Street Baptist Church bombing in 1963, also gave blacks — and many whites — something to vote for.

Democrats are now more energized than they’ve been in the Trump era. But all those Dems hopeful that Jones will be in Washington next week to vote against the GOP tax bill, slow your roll. Alabama still has to certify the results, which could take a couple weeks, meaning Jones likely won’t take the oath of office until after the new year.

President Trump
Trump and Twitter usually equals trouble. And that’s exactly what happened after the President sent out a suggestive tweet attacking New York Democratic Sen. Kirsten Gillibrand. She’d called for him to resign over the sexual harassment and assault claims against him. Trump responded by calling her a “lightweight” and saying she used to come to his business office willing to “do anything” for campaign contributions. Wow, just wow.

Gillibrand said Trump was just trying to silence her, and it won’t work. Many Democratic senators, like Elizabeth Warren, came to her defense, saying the President was trying to “slut-shame” her. The White House said your mind would have to be in the gutter to think the President’s comments were sexual in nature. (Um, OK.) But the biggest burn on this came from the normally tame editorial board of USA Today, which said Trump’s tweet indicates the President is “not fit to clean the toilets in the Barack Obama Presidential Library.”

North Korea
The United States is willing to talk to North Korea without the regime first getting rid of its nukes, Secretary of State Rex Tillerson said. That’s a huge change to the Trump administration’s stance. Tillerson said it’s not realistic to demand the North dump its weapons program because “they have too much invested in it.” And Tillerson says Trump is on board with this line of thinking. It’s not clear if this change will bring the North Koreans to the negotiating table.
New York explosion
The man who police say set off a homemade bomb in a busy pedestrian subway tunnel in the heart of New York now faces several federal and state terrorism charges. Akayed Ullah also taunted President Trump on social media before the blast, which injured five, saying, “Trump you failed to protect your nation,” according to a criminal complaint. Ullah’s wife, who stayed in his native Bangladesh and who spoke to him a half hour before the blast, told police she didn’t know anything about what her husband may have been planning.
China
The Chinese government reportedly is collecting the DNA samples, fingerprints, eye scans and blood types of millions of people in its far-west Xinjiang territory. Why? Xinjiang is the only Chinese territory other than Tibet that’s not majority-ethnic Han Chinese, and it’s been under heavy government control and surveillance for a long time. Human rights observers call the mass collection of biodata “a gross violation.”

 

Skywalker setback
Don’t shoot the messenger, but “The Last Jedi” won’t leave us all giddy like “The Force Awakens” did.

Douglas drought
It’s not your imagination. Christmas trees are harder to come by this year. Just one more thing we can thank the Great Recession for.

Year in review
We searched Hurricane Irma on Google and looked up the meaning of “feminism.” That’s 2017 in a nutshell.

Reality bites
Yes, those virtual reality headsets are all the rage, but the shiny gadgets can pose health risks in the real world  Here’s how you can play and still be safe.

I don’t know San Francisco without Ed Lee.

Former San Francisco Mayor Willie Brown, talking about the death of San Francisco Mayor Ed Lee, who suffered a heart attack at age 65.
CNN

Courtesy of Mark J Kohler, CPA, Attorney, and Mathew N. Sorensen, Attorney: ( Business, Real Estate Taxes)

Upcoming Important Deadlines- 


November 1st – December 15: Insurance Enrollment Period 2 DAYS LEFT!! If it’s your time to renew your health insurance or you want to change your health care strategy this is your chance. For more information on possible strategies, watch my annual Health Care Webinar.

December 31st –  ROTH Conversion Deadline…If you want to ‘convert’ some IRA money to ROTH you have to do it by Dec 31…however, keep in mind you can always undo it by the time you file your return. Hazy on the reasons why a ROTH is awesome read this.

 

December 31st –  Health Reimbursement Arrangement payment Deadline…If you had an HRA in 2017, you have to reimburse your employees/spouse or yourself before the December 31st if you want the write-off. The max contribution is 10k and if you need a refresher check out this article. 

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Forward Guidance

It’s Fed day, a surprise Democrat victory in Alabama, and the U.K. is losing workers.

Hike day

Unless almost every economist surveyed by Bloomberg and practically all U.S. traders have got this one wrong, the Federal Reserve will announce a rate increase at 2 p.m.Eastern Time today. The key piece of data that might move markets is the updated dot plot, which the U.S. central bank uses to signal its outlook for the path of interest rates in the coming years. The decision will be followed at 2:30 with Janet Yellen’s last scheduled press conference as Fed chair. The decision kicks off a busy 24 hours for monetary observers, with the Swiss National Bank, Norges Bank, Bank of England, and the European Central Bank all due to announce decisions tomorrow morning.

Alabama vote

Democrat Doug Jones won the race for the U.S. Senate seat in Alabama, defeating Republican Roy Moore in a surprise victory in a state that has not returned a Democrat since the early 1990s. Moore’s loss will further trim the GOP Senate majority to 51-49 next year, exerting further pressure on Congress to pass its tax overhaul before Jones takes his seat. While it’s too early to tell whether the Alabama democrat’s victory signals a shift in voter sentiment away from Trump, it’s likely to make Republicans nervous ahead of next year’s midterm elections.

Losing workers

Unemployment in the U.K. remained at 4.3 percent in the three months to October, as people left the workforce, pushing down both the number of people in work and those unemployed. At 2.3 percent, wage growth remained well below the rate of inflation. Meanwhile, in parliament, Prime Minister Theresa May’s flagship Brexit bill faces a seventh day of scrutiny and a vote that the government might lose due to concerns expressed by pro-European Conservative party members.

Markets wait

Overnight, the MSCI Asia Pacific Index climbed 0.3 percent, while Japan’s Topix index closed 0.2 percent lower as trading remained quiet ahead of today’s Fed decision. It’s the same story in Europe with the Stoxx 600 Index 0.1 percent lower at 5:50 a.m. as investors await a raft of European central-bank decisions. S&P 500 futures were flat, the 10-year Treasury yield was at 2.417 percent, and gold was telling us nothing.

Aramco

Saudi Arabian Oil Co. is looking for banks to pitch for roles as bookrunners and coordinators of its mega-IPO, with the aim of appointing a group of lenders by early next year, according to people familiar with the matter. The news comes as shares of Abu Dhabi National Oil Co. for Distribution PJSC, the fuel retailing unit of Abu Dhabi’s oil giant Adnoc, soared as much as 16 percent on their trading debut. Also in Saudi Arabia, authorities are said to be setting up an organization to deal with the assets relinquished by detainees in a recent crackdown, with the potential to recover as much as $100 billion from the settlement deals.

Here’s what you should read today

Bloomberg

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