Gongol.com Archives: December 2018
The last show of 2018 airs at 2:00 Central Time on WHO Radio
On January 2nd, the West Des Moines City Council will consider a resolution to send the local-option sales and services tax proposal to Polk County. So will Des Moines. The vote would tentatively be scheduled for March 5th. Both councils are considering proposals to put 50% of the revenues into property-tax relief.
They'll have to post list prices online. It's not a perfect fix, but it's definitely a step in the right direction.
The Trump Administration's decision to keep the US out of the TPP means Australian farmers are going to have a strategic advantage in selling wheat and beef to markets like Japan, where the US is going to face tariffs that the Aussies won't. Multilateral trade deals are the best trade deals.
He's already the chair of the board, but it looks like an affiliate of his hedge fund has offered $4.4 billion for the company, which is pretty much its only alternative to a complete shutdown and liquidation. Regardless, the company is closing another 80 Sears and Kmart stores, in addition to the many it's already closed. One problem for the company is that it hasn't turned a profit since 2010.
In a settlement with all 50 states (and DC), the company will pay out $575 million to the states (Iowa will get about $6.2 million, to be allocated to the Consumer Education and Litigation Fund). Another $1.6 billion is going to restitution and Federal penalties in other resolutions.