Friday, December 19, 2014

Welcome To The GOP Primary, Jeb Bush Video

On Tuesday, Jeb Bush officially threw the first hat in what’s soon to be a very crowded ring, announcing his formation of a Leadership PAC and his interest in running for president. Already, his entrance in to the race is being met with headlines like “Jeb Bush, Meet Your Many Conservative Critics” and fomenting the kind of party infighting that is certain to characterize the 2016 GOP primary. Jeb’s Romneyesque private equity issues make him an appetizing potential opponent for Democrats, but first he’ll have to win over a base that he’s hardly endeared himself to for a chance at the nomination.
Watch our new web ad and spread the word! Watch Below or HERE

Now that Jeb Bush has officially threw the first hat in what's soon to be a very crowded ring, announcing his formation of a Leadership PAC and his interest in running for president. Already, his entrance in to the race is being met with headlines like "Jeb Bush, Meet Your Many Conservative Critics" and fomenting the kind of party infighting that is certain to characterize the 2016 GOP primary. Jeb's Romneyesque private equity issues make him an appetizing potential opponent for Democrats, but first he'll have to win over a base that he's hardly endeared himself to for a chance at the nomination. Source:American Bridge

Government Spending National and States

U.S. Federal Reserve Hints at Raising Rates

The U.S. central bank said it would soon consider raising interest rates (WSJ) as the economy recovers. 

Rates have been near zero since 2008. However, Fed Chair Janet Yellen cautioned that the bank would likely not raise rates until at least mid-2015.

Arizona Republican Congressional District Recount Done-Martha McSally The Winner

The vote has officially been called, and Martha McSally officially takes the seat for Arizona Congressional District 2!

Arizona Corporation Commission Warns Business Owners of Misleading Solicitation

ARIZONA CORPORATION COMMISSION

Annual Business Services” Not Affiliated with Arizona Corporation Commission
 
PHOENIX—The Arizona Corporation Commission is warning Arizona business owners that an organization with the name “Annual Business Services” is sending out official-looking documents offering  a service to prepare annual minutes for corporations. These solicitations, requesting payment of a $125 fee, are not issued by the Corporation Commission. The Arizona Corporation Commission is not affiliated in any way with “Annual Business Services.” Further, business owners are not required to file “annual minutes” with the Arizona Corporation Commission. 
 
The entity making this solicitation is creating confusion by using language in the solicitation that is similar to that in Corporation Commission documents and citing state statutes.  The forms carry an official-looking time deadline for filing and include the Arizona Corporation Commission file number assigned to the business.  Further, a map search of the “Annual Business Services” return address, places it as a mailbox at a UPS Store in Phoenix.
 
If you have received this document, YOU ARE NOT REQUIRED TO REPLY. If you wish to file a complaint, you can contact the Arizona Attorney General’s Office in Phoenix at (602) 542-5763, in Tucson at (520) 628-6504, or outside the Phoenix and Tucson metro areas at 1-(800)-352-8431. To file the complaint online, please visit the Attorney General’s web site at www.azag.gov
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President Signs AZ Rep Paul Gosar Bill Honoring Barry Goldwater into Law

Senator Goldwater still serves as a shining example of what all elected officials should strive for in their efforts to serve the American people”
WASHINGTON, D.C. - Today, U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement after President Obama signed into law the Congressman’s sponsored bill H.R. 3027, to designate the facility of the United States Postal Service located at 442 Miller Valley Road in Prescott, Arizona, as the “Barry M. Goldwater Post Office”:

“I am happy to see the president sign my bill honoring Barry Goldwater into law without delay. Designating a post office in the same town where Senator Goldwater announced his candidacy for President of the United States is a fitting tribute to an exemplary man.
“Now, more than ever, Senator Goldwater still serves as a shining example of what all elected officials should strive for in their efforts to serve the American people. He never wavered in his convictions or compromised his integrity and always fought hard to uphold the Constitution. I am proud to have played a part in honoring this Arizona hero and continue to be inspired by his remarkable life.”
Additional

The entire Arizona Delegation—both Republicans and Democrats—are co-sponsors of the bill.

Congressman Gosar introduced this bill following town halls in the Prescott area where constituents called for honoring the late Senator. Over 100 Arizona residents signed a petition to rename the Miller Valley Road post office. The location was suggested by the local postmaster.

You can read a recent feature article from the Washington Times on the life of Barry Goldwater HERE.

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New Year 2015 with Bruce Ash

Thomas Szasz - "Two wrongs don't make a right, but they make a good excuse."


Archived   Blog Talk Radio  iTunes

Arizona’s Four-Term National Republican Committeeman,
Bruce Ash native Arizonan was born in Tucson, Arizona. He  graduated from the University of Arizona receiving a Bachelor of Science Degree in Real Estate and Finance.
Throughout his professional career Bruce Ash has served on a local, national and international level in various health philanthropic and care organizations and brings his vast experience in business and fund raising efforts to Republican political activism in Arizona. Mr. Ash was selected as Arizona’s Republican Committeeman in 2007 and was re-elected to a four year term in May 2008. He is a member of the RNC Standing Committee on Resolutions (2009- Present) and Standing Committee on Rules (2009 – Present). In 2010 Mr. Ash was elected Chairman of the Standing Committee on Rules (2010 – 2012).

Thursday, December 18, 2014

Waltzed Across Texas To Palestine, Texas That Is

Driving from Scottsdale to Irongate Ranch in Palestine for Holidays and a wedding was a bitch of a trip. Construction outside of El Paso for miles (I’ve always hated driving through El Paso).
Along the way noticed some interesting sites, that I hadn’t paid much attention to before. Texas Canyon in located in Arizona about 20 miles east of Benson on Interstate10 .
Made it to Van Horn Texas the first day and to waltzing across Texas.
By the time I reached Abilene all I saw from Monahan’s to Abilene, Texas was oil, oil, fields and oil refineries.
Texas is oil country. It leads the nation in oil production, and would be one of the top oil-producing nations if it were its own country.
Then it was  Pumping Oil,  Wind Farms and Cotton Fields together.
From Odessa to my turn off on HWY 287 south to Palestine the construction was off and on one stretch was 32 miles with one lane. My guesstimate in all there were 200-300 miles of some sort of construction.

Made Iron Gate Ranch on day 2, after making a wrong turn onto FM663 at a construction
detour. By the time I got there it was darker than night. Started getting dark around 4:30 PM Arizona Time 5:30 PM Texas Time.
.
Wednesday started my helping with wedding plans. Visited with Trica at women's club to discuss table arrangements then shopping.

Today  Gay and I are meeting John (he groom) Cindy (the Bride) and Sarah at the Church to discuss decorations for wedding. Then to florist to choose floral arrangements for reception. I'm in charge of cake table. Catch you guys up later.


President Signs Arizona's Rep Paul Gosar-Senator JeffFlake Water Rights Settlement into Law

“Very few meaningful bills have ever seen this type of bipartisan support”
WASHINGTON, D.C. - Today, U.S. Congressman Paul A. Gosar, D.D.S. (AZ-04) released the following statement upon receiving news that President Obama signed into law late Tuesday night the Congressman’s sponsored legislation H.R. 4924, the Bill Williams River Water Rights Settlement Act:
“With the president’s signature, my sponsored legislation now has the unanimous support of every single member of both the legislative and executive branches of our government. Very few meaningful bills have ever seen this type of bipartisan support and I consider this legislation to be one of Arizona’s biggest victories this year.
“The Gosar-Flake bill is a win-win for all involved. This legislation protects private property rights, supports 4,000 thousand jobs (175 in Mohave County alone), facilitates an Indian water rights settlement and will result in a significant net water benefit to the basin and Mohave County. Incredibly, all this will be achieved without any federal expenditure. I want to thank the many parties involved, especially Senator Jeff Flake, for making this water rights settlement possible.” 
Additional:
H.R. 4924 facilitates the achievement of a fair and equitable settlement of certain claims within the Bill Williams River watershed among the Hualapai Tribe, the U.S. Department of the Interior acting on behalf of itself and as trustee for the Tribe, the Arizona Game and Fish Commission, and Freeport McMoRan Minerals Corporation.

The bill is good for private property owners and good for local economies. The agreement will provide certainty for the Bagdad Mine, which has an annual economic impact of $339.1 million to the state of Arizona, and sustains nearly 4,000 direct and indirect jobs. The Hualapai Tribe benefits from this legislation by securing certain water rights from two non-federal contributions provided by Freeport-McMoRan for an Infrastructure Study Fund and an Economic Development Fund.
Arizona and Mohave County further benefit from the bill as this legislation will result in an overall net water use reduction in the basin and county of nearly 30,000 acre-feet per year. This reduction benefits residents in Lake Havasu and Bullhead City as this water can be put to use in future water and economic development projects. There is also a provision in the bill that allows for new public access for hunting and fishing. Mohave County further benefits by keeping 175 mining jobs and $16 million in economic benefit. Furthermore, the State of Arizona will pay Mohave County in full for all property tax revenue lost as a result of this legislation (just over $2,000 per year). 
Finally, while a fraction of the land at Planet Ranch will now be temporarily leased by the Bureau of Reclamation to assist with the Multi-Species Conservation Program (MSCP), all of this leased land will eventually be donated to the state by Freeport-McMoRan. Utilizing this land for MSCP purposes makes a lot of sense as the land is adjacent to the Bill Williams National Wildlife Refuge and such activities will prevent more animals from being listed as endangered species. This bill will also provide further certainty and benefits for existing water and power users in the region.   

Congressman Gosar has posted a fact sheet for H.R. 4924 on his website which can be found HERE.
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Wednesday, December 17, 2014

Banks Have Lost Their Biggest Profit Center – What Will Replace Billions of Profits from Loan-Loss Releases?

During the past five years bankers have reaped billions of dollars in profits by simply making accounting entries instead of making loans.
What was the biggest source of banking industry profit growth over the past five years?  As noted repeatedly in FDIC Quarterly Banking Profile reports, the biggest contribution to earnings growth has come from the reduction in loan-loss provisions.
This from the June 2011 FDIC Quarterly Banking Profile:
FDIC-insured institutions reported net income of $28.8 billion in second quarter 2011, an increase of $7.9 billion (37.9 percent) from a year earlier. This is the eighth consecutive quarter that industry earnings have improved year-over-year, but it is the smallest such improvement in the past seven quarters. Lower expenses for loan-loss provisions were the principal source of the increase in quarterly net income.
Loan-loss provisions totaled $19 billion, a decline of $21.4 billion (53 percent) from second quarter 2010. This is the seventh consecutive quarter that provisions have declined from year-earlier levels.
Two years later the FDIC comments in the June 2013 Quarterly Banking Profile were nearly identical to those made two years earlier.
As we have noted previously, declining loss provisions have been a primary driver of earnings growth in the industry in recent years.  However, the red line in the next chart shows that the decline in loss provisions has been largely exhausted.  In future quarters, earnings will be increasingly dependent on revenues.
Chart 4 - Quarterly Revenue and Loan-Loss Provision, 2009-2013
The green bars in the chart show that industry revenue has grown by less than two percent over the past four years.  The primary reason for the industry’s slow revenue growth is the ongoing erosion of net interest margins in a low interest rate environment.  Net interest income totaled 103.7 billion dollars in the second quarter, the lowest since fourth quarter 2009.  And the net interest margin of 3.26 percent is the lowest since third quarter 2006.