Your Look At Things You Need To Know For Your Monday

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 in a positive way. TAKE A BREAK, BUT,  Don’t Quit.

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


Atlanta airport blackout
Power was restored overnight at the world’s busiest airport, but the mess the total blackout left may take all day to straighten out. The power flickered off early Sunday afternoon at Atlanta’s Hartsfield-Jackson International Airport after a fire at an underground electrical facility. That fire took out the backup power, too. It’s not clear what caused the blaze. Thousands of passengers were left scurrying around in darkened terminals or sitting for hours on planes on tarmacs. No planes could fly in or out of the airport, leading to more than 1,000 flight cancellations and air travel disruptions across the US.

This morning, the airlines will start untangling the web of stranded passengers, cancellations and delays in an effort to get operations at the airport back to normal. Delta has already announced that more than 300 flights today will be canceled. The outage complicates the already busy Christmas holiday travel week.

Tax overhaul
Some time this week, the Republicans in the House and Senate will hold votes that will likely help them achieve a goal they’ve pursued for decades:  a major overhaul of the US tax code. But in the Senate, they’ll have to pass the $1.5 trillion tax bill without Sen. John McCain, who has returned home to Arizona to continue treatment for his brain tumor. Despite the loss of McCain’s vote, the bill is still expected to pass because the GOP has a 52-48 vote advantage in the Senate. Vice President Mike Pence can cast a tie-breaking vote if need be.
Russia investigation

Talk of President Trump firing special counsel Robert Mueller hit a fever pitch over the weekend, but the President, returning from a rare trip to Camp David, said he had no plans to dump Mueller. Trump said he was upset though that Mueller’s team had obtained tens of thousands of emails from Trump’s transition team as part of the Russia investigation. Trump’s lawyers wrote a letter to Congress to complain, saying the emails were “unlawfully” obtained. Mueller’s team denies this,  and the argument has been made that the transition emails are public records. The emails in question involve 13 transition officials, including four senior ones, according to the letter.

Rejecting the Americans as a possible broker in a Middle East peace process, Palestinian leaders have shifted tactics, aiming for the United Nations to nullify President Donald Trump’s recognition of Jerusalem as the capital of Israel, while simultaneously trying to get other countries to recognize a Palestinian state. A UN Security Council resolution trying to annul Trump’s announcement, introduced by Egypt, could be put to a vote early this week, according to Israeli officials, though the US will almost certainly veto the resolution. That vote could come as early as today.
CDC banned words
Some words are suddenly off limits at the Centers for Disease Control and Prevention. CDC officials are reportedly banned from using the words “diversity,” “fetus,” “transgender,” “vulnerable,” “entitlement,” “science-based” and “evidence-based.” It’s unclear why the Trump administration will no longer allow the CDC to use the words in its reports, but some analysts there say the blowback to this will be ferocious. A spokesman for Health and Human Services, which supervises the CDC, says it is a “mischaracterization” to say that there’s a list of banned words.


The Force is strong with this one
It’s not quite as potent as “The Force Awakens,” but “The Last Jedi” still flexed impressive muscle at the box office during its opening weekend.

Finally at rest
It took almost seven decades, but a US soldier, missing since the Korean War, was properly laid to rest in Hawaii.

Royal return
Will Smith is back as the Fresh Prince of Bel-Air, with a little assist from Ellen DeGeneres.

Pageant problems
An innocent selfie usually isn’t a problem at beauty pageants, but it is when the pic puts Miss Iraq and Miss Israel in the same photo.

Setting a new course
President Trump is set to unveil a new national security strategy (and take some shots at China) during a speech this afternoon.
The number of people who were stricken with a stomach illness during a Royal Caribbean cruise. The Independence of the Seas returned to Florida over the weekend.

Do I need a British accent?

Former President Barack Obamajoking around with Prince Harry during the ex-commander-in-chief’s upcoming interview with the soon-to-be married royal on BBC Radio


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

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. 


Forward Guidance

Tax legislation to be voted on this week, Wall Street bonus pools set to shrink, and another big week for Brexit.

Counting the votes

President Donald Trump said the U.S. economy will “start to rock” as the tax overhaul plan seems set to pass key votes this week, allowing the president to sign legislation before the holiday break. The final text of the compromise bill was published on Fridayevening and it shows the corporate tax rate permanently lowered to 21 percent with across-the-board tax cuts for individuals until 2026. A late change to the bill included a provision that will provide a multimillion-dollar windfall to real estate investors. Also in Washington this week, lawmakers are working on a bill to avoid a government shutdown on Friday.

Shallow end

While 2017 may have felt like a busy year, three rate hikes, European elections and the ins and outs of Trump’s legislative agenda did little to drive market volatility. Which means that revenue at Wall Street’s biggest banks has slumped, which is bad news for the bonus pool to be shared among traders at those institutions. People familiar with the figures say the amount of money available for the packages has dropped between 5 and 10 percent from last year. Things are looking even worse for those working for European banks.

More Brexit nailbiting

U.K. Prime Minister Theresa May is due to set our her vision for the post-Brexit transition period in a speech to parliament at 10:30 a.m. Eastern Time today. She faces twin challenges of not saying anything that will upset EU negotiators too much, while also saying enough to unite her own cabinet. The European side is due to unveil its stance on the issue on Wednesday. Any major differences that emerge will likely weigh on sterling, which is already the worst-performing G10 currency this month.

Market rally

Global markets are rallying following the publication late on Friday of the agreed text of U.S. tax legislation. Overnight, the MSCI Asia Pacific Index rose 0.8 percent, while Japan’s Topix index closed 1.4 percent higher. In Europe, the Stoxx 600 Index was 0.8 percent higher at 5:45 a.m., with all industry groups gaining. S&P 500 futures added 0.3 percent, the 10-year Treasury yield was at 2.373 percent and gold was slightly higher.

Political boost

It’s not just U.S. politics driving gains. In India, there was a volatile session in the benchmark S&P BSE Sensex Index which closed 0.4 percent higher, recovering earlier losses of as much as 2.6 percent after Prime Minister Narendra Modi’s party emerged victorious from an election in his home state. South Africa’s rand was at a three-month high against the dollar and bond yields fell as traders bet Cyril Ramaphosa is poised to become the next leader of the ruling African National Congress. In Chile, Billionaire Sebastian Pinera won the second round of presidential elections, with the victory by the pro-business candidate likely to see stocks in the country open higher today.

Here’s what you should read today


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