Saturday, February 5
Friday, February 4
Black History Month
- The killing of George Floyd
- Defund the police
- Black Lives Matter
- Critical Race Theory
- Slavery
- Crime
- Violence
- Killing Cops
- Racism
- Blaming whites for everything
There are so many great accomplishments of African Americans but because of all the recent pointing the finger at whites for causing the problem that supposedly exists in the USA, most Americans are looking at the current negative results rather than the positive successes...
Personally, I do not see African American or Mexican Americans, or Greek Americans or Irish Americans or Spanish Americans or Italian Americans... I see AMERICANS... and, until the rest of you make this transition, then we will continue to remain DIVIDED...
Millionaire Statistics
- The United States added 2,251,000 new millionaires from 2019 to 2020.
- The total number of millionaires in the US is 20.27 million.
- There are 788 billionaires in the United States.
- There are 323,443 millionaire households in New Jersey.
- 76% of US millionaires are white.
- New York is the city with the biggest concentration of ultra-rich millionaires with 24,660 UHNW.
- The United States’ millennial millionaires own an average of three properties with a real estate portfolio worth $1.4 million.
- About 44% of US-based millennial millionaires live in California.
- 43.4% of the world’s wealth is controlled by the top 1%.
1. How many millionaires are in the US in 2020? (Source: Credit-Suisse)
The Global Wealth Report says that the total number of millionaires in the US is 20.27 million. The United States also added 2,251,000 new millionaires from 2019 to 2020 alone, which puts it at the very top of the list of countries with the most millionaires. Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires.
The Global Wealth Report says that the total number of millionaires in the US is 20.27 million. The United States also added 2,251,000 new millionaires from 2019 to 2020 alone, which puts it at the very top of the list of countries with the most millionaires. Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires.
2. How many US millionaire households are there? (Source: Spectrem)
A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. That’s more than 10% of households in the US.
3. What percentage of millionaires inherited their wealth? (Source: Ramsey Solutions)
Only about 20% of Americans inherit their riches. The rest of them (80%) are self-made, first-generation millionaires. Most millionaires have to work for the money and don’t get rich once a relative dies, according to “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” by Thomas J Stanley.
4. How many people are worth 10 million? (Source: DQYDJ)
There are an estimated 1,456,336 households with a net worth of at least $10 million. It is important to note that we are talking about a household, not an individual. So there may be more than one person earning in a single household.
A new survey has found that there are 13.61 million households that have a net worth of $1 million or more, not including the value of their primary residence. That’s more than 10% of households in the US.
3. What percentage of millionaires inherited their wealth? (Source: Ramsey Solutions)
Only about 20% of Americans inherit their riches. The rest of them (80%) are self-made, first-generation millionaires. Most millionaires have to work for the money and don’t get rich once a relative dies, according to “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” by Thomas J Stanley.
4. How many people are worth 10 million? (Source: DQYDJ)
There are an estimated 1,456,336 households with a net worth of at least $10 million. It is important to note that we are talking about a household, not an individual. So there may be more than one person earning in a single household.
5. How many multi-millionaires are in the US? (Source: DQYDJ)
About 8,046,080 US households have a net worth of $2 million or more, covering about 6.25% of American households. 5,671,005 US households have a net worth of $3 million or more, covering about 4.41% of all US households.
About 8,046,080 US households have a net worth of $2 million or more, covering about 6.25% of American households. 5,671,005 US households have a net worth of $3 million or more, covering about 4.41% of all US households.
6. How many multi-millionaires in the US have $50 million net assets? (Source: Credit-Suisse)
There are a total of 89,510 people in the United States with net assets of at least $50 million. This number equals 50.9% of the ultra-high net worth (UHNW) individuals over the world.
7. How many billionaires in the US are there? (Source: Wealth-X)
According to a census report in 2020, there are 788 billionaires in the United States with a combined net worth of $3.431 trillion. In contrast, the United States had 404 billionaires in 2010.
There are a total of 89,510 people in the United States with net assets of at least $50 million. This number equals 50.9% of the ultra-high net worth (UHNW) individuals over the world.
7. How many billionaires in the US are there? (Source: Wealth-X)
According to a census report in 2020, there are 788 billionaires in the United States with a combined net worth of $3.431 trillion. In contrast, the United States had 404 billionaires in 2010.
8. How many millionaires are in Congress? (Source: Center for Responsive Politics)
There are 229 millionaires in Congress. The exact number is hard to determine since Congress members reveal their finances in ranges. But according to the Center for Responsive Politics, 43% of congress members had a net worth of over $1 million in 2018. That’s 43%, over seven times the national rate of 6%.
9. What is the average age of US millionaires? (Source: Spectrem)
According to a report about the US millionaire population by age, the average age of US millionaires is 62 years old. About 38% of US millionaires are over 65 years of age. Only 1% are below 35. Millionaires on the West Coast are slightly older, as well.
10. What is the percentage of millionaires in America by race? (Source: Statista)
According to the most recent data available, 76% of US millionaires were white or Caucasian. Black American and Asian millionaires each accounted for just 8%. Hispanics made up 7% of the total millionaire population.
There are 229 millionaires in Congress. The exact number is hard to determine since Congress members reveal their finances in ranges. But according to the Center for Responsive Politics, 43% of congress members had a net worth of over $1 million in 2018. That’s 43%, over seven times the national rate of 6%.
9. What is the average age of US millionaires? (Source: Spectrem)
According to a report about the US millionaire population by age, the average age of US millionaires is 62 years old. About 38% of US millionaires are over 65 years of age. Only 1% are below 35. Millionaires on the West Coast are slightly older, as well.
10. What is the percentage of millionaires in America by race? (Source: Statista)
According to the most recent data available, 76% of US millionaires were white or Caucasian. Black American and Asian millionaires each accounted for just 8%. Hispanics made up 7% of the total millionaire population.
11. What is the average age of US billionaires? (Source: Wealth-X)
The average age of billionaires is slightly higher than that of millionaires at 65.9 years old. According to a 2016 report, only 46 people became billionaires before the age of 40. This further reaffirms that billionaires are not made overnight but are built through experience and time.
The average age of billionaires is slightly higher than that of millionaires at 65.9 years old. According to a 2016 report, only 46 people became billionaires before the age of 40. This further reaffirms that billionaires are not made overnight but are built through experience and time.
12. What is the average millennial millionaire’s net worth? (Source: Coldwell Banker)
There are 618,000 millennial millionaires in the United States, and 93% of them have a net worth ranging from $1 to $2.49 million. The boomers’ generation was the richest generation in the history of the United States. They are leaving huge piles of wealth to their Gen X and millennial descendants. However, many of these millennials are earning good money all by themselves as well.
There are 618,000 millennial millionaires in the United States, and 93% of them have a net worth ranging from $1 to $2.49 million. The boomers’ generation was the richest generation in the history of the United States. They are leaving huge piles of wealth to their Gen X and millennial descendants. However, many of these millennials are earning good money all by themselves as well.
13. What percentage of US wealth is managed by millionaires? (Source: Federal Reserve)
According to the Federal Reserve, the top 10% in the US own 69.6% of the nation’s wealth. If you need a clearer example of financial inequality you just need to know that around a third of the US wealth (31.4%) is owned by the top 1%, which is almost 16 times more than the bottom 50% who own 2% of it.
According to the Federal Reserve, the top 10% in the US own 69.6% of the nation’s wealth. If you need a clearer example of financial inequality you just need to know that around a third of the US wealth (31.4%) is owned by the top 1%, which is almost 16 times more than the bottom 50% who own 2% of it.
14. How long did it take Billionaires to Earn Their First Million? (Source: Visual Capitalist)
Most self-made billionaires earned their first million dollars within five years. Out of the top 100 billionaires in the world, over two-thirds (69%) made their first million in under ten years.
Most self-made billionaires earned their first million dollars within five years. Out of the top 100 billionaires in the world, over two-thirds (69%) made their first million in under ten years.
15. Which state has the highest percentage of millionaires? (Source: Kiplinger)
According to a 2020 report, New Jersey wrested the top spot from Maryland when it comes to millionaire per capita. There are 323,443 millionaire households in New Jersey, thanks to its proximity to the Big Apple. With that concentration of wealth, it’s not surprising that the cost of living in the state is 13.4% higher than the US average.
According to a 2020 report, New Jersey wrested the top spot from Maryland when it comes to millionaire per capita. There are 323,443 millionaire households in New Jersey, thanks to its proximity to the Big Apple. With that concentration of wealth, it’s not surprising that the cost of living in the state is 13.4% higher than the US average.
16. Which state has the highest number of billionaires? (Source: Forbes)
While California takes the lead here with 189 billionaires, the wealthiest Americans don’t live in these two states, Mark Zuckerberg being the only exception. Jeff Bezos and Bill Gates both live in Washington, while Warren Buffett resides in Nebraska, and Elon Musk recently moved to Texas.
17. Where do millionaires invest their money? (Source: The College Investor)
Investing in real estate is still the most popular of all millionaire investment and spending choices. For over 200 years, approximately 90% of the global millionaires have been spending their fortunes on real estate investments. This trend is expected to grow.
18. Which US city has the highest number of UHNW people? (Source: Wealth-X)
New York is the city with the highest concentration of ultra-rich millionaires, with 24,660 UHNW. The second spot belongs to Los Angeles, with 16,295 millionaires. San Francisco is third, with 6,740 millionaires. Chicago and Miami take the fourth and fifth positions with 6,085 and 5,615 UHNW individuals, respectively.
While California takes the lead here with 189 billionaires, the wealthiest Americans don’t live in these two states, Mark Zuckerberg being the only exception. Jeff Bezos and Bill Gates both live in Washington, while Warren Buffett resides in Nebraska, and Elon Musk recently moved to Texas.
17. Where do millionaires invest their money? (Source: The College Investor)
Investing in real estate is still the most popular of all millionaire investment and spending choices. For over 200 years, approximately 90% of the global millionaires have been spending their fortunes on real estate investments. This trend is expected to grow.
18. Which US city has the highest number of UHNW people? (Source: Wealth-X)
New York is the city with the highest concentration of ultra-rich millionaires, with 24,660 UHNW. The second spot belongs to Los Angeles, with 16,295 millionaires. San Francisco is third, with 6,740 millionaires. Chicago and Miami take the fourth and fifth positions with 6,085 and 5,615 UHNW individuals, respectively.
19. How many properties are owned by the average American millionaire? (Source: Statista)
The largest fraction (43%) of millionaires in the US owns only one house. Roughly 20% own two, and only 8.5% of them own five or more. When it comes to millennial millionaires, they own an average of three properties with a real estate portfolio worth $1.4 million.
The largest fraction (43%) of millionaires in the US owns only one house. Roughly 20% own two, and only 8.5% of them own five or more. When it comes to millennial millionaires, they own an average of three properties with a real estate portfolio worth $1.4 million.
20. Which industries have the most UHNW individuals? (Source: Wealth-X)
The finance and investment industry is definitely the industry with the most millionaires and UHNW people. Roughly 14% of all UHNW individuals engage in it as their primary industry. Industrial conglomerates come in second, with 9.1%, and they’re closely followed by the business and customer services industry at 9%.
The finance and investment industry is definitely the industry with the most millionaires and UHNW people. Roughly 14% of all UHNW individuals engage in it as their primary industry. Industrial conglomerates come in second, with 9.1%, and they’re closely followed by the business and customer services industry at 9%.
China Builds Nuclear Power Plant in Argentina
Feb 2 (Reuters) - State-owned China National Nuclear Corp (CNNC) has signed a contract in Argentina to build the $8 billion Atucha III nuclear power plant using China's Hualong One technology, reviving a deal that had been stalled for years.
CNNC said on its WeChat account late on Tuesday that ithad signed an engineering, procurement and construction (EPC) contract, which comes ahead of Argentine President Alberto Fernandez's trip to China later this week.
Progress on the nuclear deal between the two nations had stalled since it was first negotiated by the administration of former President Cristina Fernandez, a left-wing populist who left office in 2015. She is now Argentina's vice president.
Argentina's government said in a statement that the construction project "involves an investment of over $8 billion" for engineering, construction, acquisition, commissioning and delivery of a HPR-1000 type reactor. READ MORE...
Building Its Own Cargo Ship
Furniture maker and retailer Loctek is in the process of building its own container ship.
The furniture company, known for its ergonomic designs, is paying Huanghai Shipbuilding $32.6 million to build a new container ship, TradeWinds first reported.
Loctek revealed the purchase in a regulatory filing with the Shenzhen stock exchange. The ship will be able to carry 1,800 20-foot containers and is expected to be delivered by March 31, 2023.
Loctek said that it made the purchase "in order to enhance the company's competitiveness and accelerate the company's overseas business development," according to the filling.
Loctek said that it made the purchase "in order to enhance the company's competitiveness and accelerate the company's overseas business development," according to the filling.
The company said its online sales have surged, but shipping delays have made it more difficult to deliver its goods efficiently. By owning its own vessel, the company hopes to avoid high freight rates and improve its delivery windows.
The company did not specify whether it would operate the ship or pay a major shipping company to run the ship and transport Loctek products. READ MORE...
The company did not specify whether it would operate the ship or pay a major shipping company to run the ship and transport Loctek products. READ MORE...
China's Nuclear Reaactor
Grid-connection of Unit 1 at the “national project” at the Shidao Bay site (Figure 2) in Rongcheng, Shandong Province, will be soon followed by Unit 2. When commercially operational as expected in mid-2022, the two HTR-PMs will drive a single 210-MWe steam turbine.
Construction of the pioneering project began in December 2012, led by China Huaneng (which holds a 47.5% stake in the demonstration), along with China National Nuclear Corp. (CNNC) subsidiary China Nuclear Engineering Corp. (CNEC, 32.5%), and Tsinghua University’s Institute of Nuclear and New Energy Technology (20%). Chinergy, a joint venture between Tsinghua and CNEC, served as the engineering, procurement, and construction contractor for the nuclear island.
Decades of Development
As Tsinghua’s Institute of Nuclear and New Energy Technology has noted, the demonstration project stems from a series of developments that marked a “qualitative leap from laboratory to engineering application.” High-temperature gas-cooled reactor (HTGR) technology has been explored for decades.
Decades of Development
As Tsinghua’s Institute of Nuclear and New Energy Technology has noted, the demonstration project stems from a series of developments that marked a “qualitative leap from laboratory to engineering application.” High-temperature gas-cooled reactor (HTGR) technology has been explored for decades.
China’s own HTGR research and development program kicked off in the mid-1970s, echoing similar government-led initiatives to develop the 200-MWth HTR-module of the Siemens/Interatom Co. in Germany, and General Atomics’ 350-MWth modular high-temperature gas-cooled reactor MHTGR in the U.S.
China’s research institutions eventually accomplished the construction of the HTR-10 test reactor in the late 1990s. In February 2008, China approved the 200-MWe HTR-PM demonstration plant as part of its slate of National Major Science and Technology Projects.
China’s research institutions eventually accomplished the construction of the HTR-10 test reactor in the late 1990s. In February 2008, China approved the 200-MWe HTR-PM demonstration plant as part of its slate of National Major Science and Technology Projects.
As Tsinghua noted, the government then anticipated the technology would prove to be “a highly efficient nuclear power technology, as a supplement to pressurized water reactor [PWR] technology.” Chinese researchers also heralded the technology’s high-heat potential, as well as the opportunity to further global innovation in advanced nuclear technologies. A key focus was to improve nuclear safety inherently. READ MORE...
Thursday, February 3
You & I Made Them All Wealthy
We buy their records - albums, singles, CDs
We attend their movies, plays, & concerts by buying tickets
(country music, rock music, folk music, jazz music)
We buy their memorabelia
We attend their athletic events by buying tickets
(baseball, basketball, football, soccer, tennis, golf)
We buy their novels - paperback, hardback
We buy their clothes
(shoes, pants, shirts, hats, dresses, sweaters, jackets, etc)
AND... how do they pay us back???
They pay us back by providing us with more STUFF to buy from them that makes them richer by taking the money out of our pockets and willingly putting it into their pockets...
DOES that even make sense?
What we receive is FLEETING...
What they receive is LONG LASTING...
PROTEST... Protest... protest...
It Is Your RIGHT...
Rights and Protections Guaranteed in the
Bill of Rights
| Rights and Protections | |
|---|---|
| 1ST |
|
| 2ND |
|
| 3RD |
|
| 4TH |
|
| 5TH |
|
| 6TH |
|
| 7TH |
|
| 8TH |
|
| 9TH |
|
| 10TH |
|
Henry David Thoreau's essay Resistance to Civil Government, published posthumously as Civil Disobedience, popularized the term in the US, although the concept itself has been practiced longer before.
It has inspired leaders such as Susan B. Anthony of the U.S. women's suffrage movement in the late 1800s, Saad Zaghloul in the 1910s culminating in Egyptian Revolution of 1919 against British Occupation, and Mahatma Gandhi in 1920s India in their protests for Indian independence against the British Raj.
Martin Luther King Jr.'s and James Bevel's peaceful protests during the civil rights movement in the 1960s United States contained important aspects of civil disobedience.
Although civil disobedience is rarely justifiable in court,King regarded civil disobedience to be a display and practice of reverence for law:
"Any man who breaks a law that conscience tells him is unjust and willingly accepts the penalty by staying in jail to arouse the conscience of the community on the injustice of the law is at that moment expressing the very highest respect for the law."
Ramblings of a Southerner
The biggest problem in this country is not politics or racism or education or healthcare or law enforcement but WEALTH...
WEALTH brought about by uncontrollable and/or unregulated greed is destroying this country and all the other problems on which we focus our attention is simple a SMOKE SCREEN.
1.The WEALTHY should not be allowed to shelter their money nor should they be given tax benefits for their charitable gifts... they should bear the burden for their success by paying higher taxes... Their wealth comes from the fact that people have purchased their goods and services and without those purchases they would not be WEALTHY...
In essence, their money used to be OUR money...
My other ramblings are down below:
1. Unless you are Alex Baldwin GUNS DON'T SHOOT THEMSELVES
2. All currently employed cops should retire or leave and seek other employment opportunitiesl 3. Parents should remove their children from public schools and seek out private schools
4. All Americans should spend 3 years of their lives in the military after high school with the understanding that no all will be put in harm's ways based upon religious objections.
5. All education and healthcare SHOULD BE FREE-OF-CHARGE
6. All Americans should be provided with housing
7. There should be term limits for all politicians that have been elected to office whether it is Federal, State, or local and especially in our US Congress in both the House and Senate.
8. All high school students should be taught financial planning and investments and be forced to saved a specific amount of money each month once they start working in preparatrion for their retirement so that the government will eventually not have to pay out any Social Security funds.
9. Our free market enterprise system should move as quick as possible into the area of robotics and artificial intelligence so that they can position this country in a competitive advantage with the rest of the world.
10. WEALTHY AMERICANS should take care of all the rest of the Americans rather than our FEDERAL GOVERNMENT whose main focus should be domestic security, military protection from the rest of the world, negotiating trade deals with other countries, and maintaining our survivability.
11. WEALTHY individuals and companies should be responsible for any and all SPACE EXPLORATION...
Maybe there are others who feel as I do... and, we can start a movement among the people...
Catholic Child Sex Abuse in Spain
Spain has moved a step closer to investigating allegations of child sexual abuse in the Catholic Church.
On Tuesday, the Spanish parliament agreed to examine a proposal for an inquiry, after years without a large-scale probe.
The Spanish Catholic Church has so far refused to set up an independent commission, despite acknowledging more than 200 existing abuse claims over the past twenty years.
A separate 2018 report by El PaÃs has listed 1,246 victims of sexual violence by the Church since the 1930s.
The request for an investigation was made by Podemos -- a coalition partner -- as well as smaller left-wing pro-independence parties.
Meanwhile, Spain's Attorney General's Office has asked the country's 17 senior prosecutors to refer all complaints about sexual abuse in the Church within the next ten days.
The move to centralise all open cases is another unprecedented step towards an official investigation.
Unlike other countries -- such as France, Germany, and Ireland -- Spain has failed to officially examine claims of paedophilia against members of the Catholic Church.
The parliament proposal for an inquiry will soon be voted on -- with a date yet to be set.
"We are going to do it, and we are going to do it well," government spokeswoman Isabel RodrÃguez told a press conference on Tuesday, adding that the executive was looking for "the best possible solution".
North Korea's Counterproductive Actions
UNITED NATIONS – U.N. Secretary-General Antonio Guterres condemns North Korea’s launch of possible an intermediate-range ballistic missile on Sunday and urges Pyongyang “to desist from taking any further counter-productive actions,” a U.N. spokesman said on Tuesday.
“This is a breaking of the DPRK‘s announced moratorium in 2018 on launches of this nature, and a clear violation of Security Council resolutions. It is of great concern that the DPRK has again disregarded any consideration for international flight or maritime safety,” deputy U.N. spokesman Farhan Haq said in a statement.
North Korea’s formal name is the Democratic People’s Republic of Korea.
FROM THE NEW YORK TIMES
SEOUL — North Korea on Sunday carried out its boldest ballistic missile test in years, raising the stakes in a flurry of launches that analysts said were meant to put pressure on President Biden.
The missile was launched at 7:52 a.m. from the North Korean province of Jagang, which borders China, and flew across the North before falling into the sea off the country’s east coast, the South Korean military said. It was the North’s seventh missile test this month.
The office of South Korea’s president, Moon Jae-in, called the projectile an intermediate-range ballistic missile and condemned the test as a violation of United Nations Security Council resolutions. On Monday, North Korea confirmed that the projectile was the Hwasong-12 intermediate-range ballistic missile. Flight data suggested it was the North’s most powerful launch since November 2017, when it tested an intercontinental ballistic missile that flew much higher.
Mr. Moon warned that North Korea could soon end the self-imposed moratorium on long-range ballistic missile and nuclear tests that its leader, Kim Jong-un, announced in 2018. Last week, Mr. Kim suggested that his government might resume such tests. READ MORE...
The office of South Korea’s president, Moon Jae-in, called the projectile an intermediate-range ballistic missile and condemned the test as a violation of United Nations Security Council resolutions. On Monday, North Korea confirmed that the projectile was the Hwasong-12 intermediate-range ballistic missile. Flight data suggested it was the North’s most powerful launch since November 2017, when it tested an intercontinental ballistic missile that flew much higher.
Mr. Moon warned that North Korea could soon end the self-imposed moratorium on long-range ballistic missile and nuclear tests that its leader, Kim Jong-un, announced in 2018. Last week, Mr. Kim suggested that his government might resume such tests. READ MORE...
Subscribe to:
Posts (Atom)