A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Reservations Please?
Posted: May 21, 2012
Yes, I do believe things are looking up. At the end of the Bush financial storm, my favorite restaurant was empty at the height of dinner hour. I realized the last time we were there last week that there were lines waiting to get in again. When we drove through town, I saw that most of the restaurants were back to capacity with parking lots filled. Employment up here, houses being sold, zoning office is bustling. Yup, things are getting MUCH better.
;
I actually booked a cruise for 2013 so I am - optimistic too. nm
[ In Reply To ..].
Not where I'm at or my family and friends throughout the country - Things are NOT getting better
[ In Reply To ..]After the election we have had a huge unemployment surge. We are now going from 15 police to 2, over 80 people got pink slips. Jails are letting out over 100 criminals as the people who run the jails lost their jobs and it's closing down. Juvy hall is closing, shops are closing, movie theatres closing. No jobs in this town. No hopes for jobs to come. Gun sales have gone up so they can protect their homes now. People are in shock and they are looking to move. However, move where? There is no employment to move to. Foreclosures and unemployment is on the rise. And it's that way on the other side of the states, in the middle of the states, and down south.
I think anyone who actually believes things are getting better have not had a dose of reality yet. It's bad and its getting WORSE. Doesn't matter how much you like the current guy/club.
We got change alright. Just the change that nobody wanted. Went from bad under Bush to worse under Obama, but nobody has any hope anymore. Sorry, all didn't mean to use that dirty word (hope).
Same here. Things are terrible, not improving. - Housing market horrible too...worsening.nm
[ In Reply To ..]nm
Thinks much worse here - Conservative
[ In Reply To ..]Two more businesses closed just within a block of me that employed approximately 10-15 people depending on the time of year. Things all over the city I live in are much, much worse than they were 3 years ago. As a matter of fact, a recent poll stated 83% of Americans were worse off or the same as when Obama took office. Only 16% were better off - that must be Obama's family members!
Another 100 new jobs announced here - In addition
[ In Reply To ..]I had posted previously about the 1000 new jobs slated for the area. Yesterday another 100 jobs announced. The jobs are in the areas of energy, quality manufacturing, and heavy industry. These are good paying jobs that I am sure will have a significant collateral effect in the medical/other areas. If your area is not producing jobs, perhaps you should be looking at your State and local governments.
I agree with your questioning whether recovery...sm - VTMT
[ In Reply To ..]might have more to do with the local and state governments than with the state of the economy in the US as a whole. Unemployment here is now 4.6% and slowly but surely getting better every month. The housing marketplace here in Vermont has been flat for several years but now is showing a very strong resurgence.
We have a great Democrat mayor and governor - Great place to live
[ In Reply To ..]Our Democratic mayor and governor have been really good about finding the balance between protecting the environment and attracting good jobs. This in spite of the Republicans who want to throw away the environment. They just do not seem to understand that no one wants to live where it is polluted and the infrastructure is crumbling. We need more like our governor and mayor.
What, like CA? All the vile garbage against Mae - Whitman -ended up with Dem and bankruptcy
[ In Reply To ..]AGAIN.. I always thought I would love to move to California when I was young, but that poor state has no hope with the liberals running it. I have a friend who has lived there for years... finally giving up and leaving, sadly.
what vile garbage happened with Mae Whitman? - interested
[ In Reply To ..]
disregard - (just realized it was Meg, not Mae)
[ In Reply To ..]
This is how hurtful and untrue rumors are started. - Just the facts please. nm
[ In Reply To ..].
Wasn't Arnold governor until recently? - nm
[ In Reply To ..].
Yeah, but Arnold is really a Democrat in disguise. - He WAS surrounded by them.nm
[ In Reply To ..]nm
Guess Arnold could get no compromise - from any of the Dems
[ In Reply To ..]Any improvements or cuts Arnold wanted to make must have been blocked or "obstructed" by the Dems. That's what Dems always say about Repubs when Obama the whiner doesn'the get his way.
uh the problem in Callie - is not the D-e-m-o-c-r-a-t-s
[ In Reply To ..]its all the freeloaders duckwalking north.
What? Dems have been bankrupting California - since I moved there many years ago! nm
[ In Reply To ..]nm
State of OH is doing a little better thanks - to REPUBLICAN Gov. Kasich.
[ In Reply To ..]He actually knows what a budget is, unlike any Democrat, including Obama!
D or R - Who cares
[ In Reply To ..]As long as people who have been looking for work are now slowly starting to find jobs and work again who cares if it was a Republican or a Democrat gov/local politician.
We need more money injected into the economy, people start working they start buying things that they have needed but could not buy. That rug that has needed replacing...makes money for the rug store and the installer putting it in. That installer takes his wife out to dinner for their anniversary. That restaurant hires more people to keep up with business increases, and so on and so on and so on.
Who has been helped? - Sm
[ In Reply To ..]A new Financial Institutions Tax, proposed by Ohio Gov. John Kasich, would close loopholes that have allowed big, multistate banks to legally avoid what they would otherwise pay under the state’s corporate franchise tax. Unfortunately, it would transfer those gains back to banks in the form of lower rates, depriving Ohio of much-needed revenue.
“We’re basically giving the banks … a $25 million gift every year,” said state Rep. Mike Foley (D). “But we’re also doing that in the context of an economy and state budget in Ohio that has been wracked and harmed and hurt and mangled by the financial industry that we’re giving benefits to today.”
no surprise here - Kasich - was a Fox TV host
[ In Reply To ..]and a wall streeter before Ohio elected him. I think they deserve what they voted for. Who can prove his actions have improved Ohio's economy rather than the high tide lifting all boats. Acquaintance worked in law office and dealt with Kasich several times. said the guy would not look people in the eye. I had noticed this previously during news pieces and now know I am not only one to see this.
OH "deserve what they voted for"? Yeah, just - like voting for O -to which there aint no hope. nm
[ In Reply To ..]nm
Yes, we do deserve the best and we got it - thanks - Yeah Kasich! - nm
[ In Reply To ..]nm
Ohioans will remember him as failed union - buster. Not much
[ In Reply To ..]help there for his fellow repubican wall street tycoon in this absolutely CRUCIAL swing state.
Kasich knows no money means NO MONEY - Something liberals think grow on trees!!!!!! nm
[ In Reply To ..]nm
BaLONEY - media consumer
[ In Reply To ..]In reply to your comment "kasich knows no money means" .....
2 points. He immediately attacked the civil service unions after election ... same as Scott Walker. Coincidence? no.
He cut civil service workers pay AT THE SAME TIME giving healthy raises to his political crew as state employees.
Not knowing actual events because of blind hatred of opposing party is working hand-in-hand with corporate thinking to bring this nation down.
Kasich, the FRACKING governor? - Sell your soul
[ In Reply To ..]That fracking is good for business, eh?
In Ohio, the fracking environmental legislation says the stuff poisoning the water is a "trade secret". Gotta love those Republicans.
"A provision allowing drilling companies to wait until after they drill and fracture the well to report to the Department of Natural Resources the chemicals they used. Worried citizens want to know beforehand in order to test their wells for those chemicals before construction begins and several environmental groups want that restored.
• A provision allowing a drilling company to require the state to honor its request that the exact chemical formula of certain substances not be revealed to the public because they are trade secrets. The one exception would be a physician who may need the exact chemical that has poisoned a patient.
• A companion provision forbidding doctors who have been given the secret formulas to say anything publicly.
Without Kasich, Ohio would still be in a complete - black hole. He saved OH with a budget! nm
[ In Reply To ..]nm
FYI. If a state has a budget it is to the credit of...sm - VTMT
[ In Reply To ..]both house of the the state legislature not the governor. The governor just signs the budget after it is passed.
dont try to cornfuse - us with facts lady
[ In Reply To ..]it wont work.
dont try to cornfuse - us with facts lady - Don't worry, poster pretty factless...
[ In Reply To ..]so you'll never be "cornfused". Posters have to axually reconize a fact fore they can a post 1.
litter tip - run that there
[ In Reply To ..]button says Spell Check aforin you post.
PERSONAL ATTACK BY - stalker
[ In Reply To ..]nm
PERSONAL ATTACK BY - stalker - FLAMER/BAITER HERE
[ In Reply To ..]Baiting starts at "don't try to cornfuse us with facts lady". Trying to blame other posters for what she started.
Here is an earthquake tracker web site - Just trying to be helpful
[ In Reply To ..]http://www.dnr.state.oh.us/tabid/8144/Default.
Where I am, for every 100 jobs added, 200 gone. - I am NOT buying the "Recovery"...lame..n
[ In Reply To ..]nm
What state it that? No state is currently - VTMT
[ In Reply To ..]losing 200 jobs for every 100 gained. It has been documented that the entire country is slowly recovering, some states more slowly than others.
Documented where, if I may ask? - rve
[ In Reply To ..]Do you have a link you could share? I'd sure like to hear some factual, optimistic data from a reliable source.
ABC News - FYI
[ In Reply To ..]Unemployment Rate Falls in Two-Thirds of US States
By CHRISTOPHER S. RUGABER AP Economics Writer
WASHINGTON May 18, 2012 (AP)
The unemployment rate fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
And in many states, unemployment has fallen well below the national average, which was 8.1 percent last month. The rate was under 7 percent in 22 states in April. That compares with only 13 states in April 2011.
The Labor Department said Friday that the unemployment rate dropped in 37 states in April, the most in three months. Unemployment rose in 5 states and was unchanged in eight.
Nationally, the unemployment rate has fallen a full percentage point since August. Employers have added a million jobs over the past five months, though the pace of hiring slowed in March and April.
The national rate has also declined because some people gave up looking for work. The government counts people as unemployed only if they are actively looking for a job.
The states with the lowest unemployment continue to be in the upper Midwest with small populations. North Dakota's rate was 3 percent in April, the lowest in the country. It was followed by Nebraska at 3.9 percent and South Dakota at 4.3 percent.
Still, unemployment is also relatively low in some large states, such as Minnesota and Virginia. Both had a 5.6 percent unemployment rate in April.
The rate has fallen by a full percentage in Minnesota during past 12 months. In Virginia, it has dropped half a point in that timeframe.
Texas, the nation's second-largest state, also has low unemployment. The rate dropped to 6.9 percent last month, down from 8 percent a year ago. Texas has added almost 250,000 jobs in the past year, the most in the nation.
The rate was 5 percent in Oklahoma, 5.1 percent in Iowa, 5 percent in New Hampshire, and 6.3 percent in Massachusetts.
Many of those states have seen job gains. Iowa added 5,800 jobs in April, while Nebraska gained 3,800. Indiana added the most jobs of any state last month, with 17,100.
Overall, 32 states added jobs in April, the department said.
Still, other states continue to struggle.
Nevada reported the highest unemployment rate in the nation, at 11.7 percent. Rhode Island was next at 11.2 percent, followed by California at 10.9 percent.
That isn't saying anything - sm
[ In Reply To ..]How about some specifics. I'm not saying ABC is left leaning, but they are not saying where the jobs are coming back. Anybody can make up what they wrote. It just this percentage or that percentage, but not any specifics.
Things are not on the rise. We are falling into a worsened depression because people are being laid off every day and jobs are being shipped overseas.
There is NO recovery.
Here is a DOL site with all the statistics for each state. sm - VTMT
[ In Reply To ..]I pulled up the statistics for Vermont for my post above, but if you look on the left you can choose any state in the US.
Great Site - sm
[ In Reply To ..]Great info...thanks for this.
Hey! I was going to say that! Great Great Site - Dino the Dinosaur
[ In Reply To ..]I love how you can get the back data by clicking on the dinosaur. Check it out!
What am I missing? - sm
[ In Reply To ..]Thanks for the link. Trying to figure out what I'm missing. I went to my state where I know what the statistics are living here and this still doesn't tell me anything. For example, it says Mining and lodging (3). Three what? 3 jobs? 3%? what value is that number. Then in the columns there is 6.9, 6.9, 6.8, etc. What does that tell me, there are 6.9 jobs? 6.9% increase.
Really I'm truly trying to figure this out because if this is growth it isn't matching up what is happening in my state.
I can see the US Dept created this but for what purpose? Where are they getting the numbers? What do the numbers mean? Here in my state unemployement is on the rise. Across the country (my friends), in the middle (my family), says unemployment is on the rise and people are losing their jobs like a fire has swept through. Things are getting worse, not better like the current guy keeps proclaiming.
Just trying to figure out where they got those numbers? Are they just fictitious to try and make it look better than it is? (which is what it sounds like. Nothing against the current guy as I voted for him, am sure he is not behind this. Just when more and more people are getting laid off (12,000 here in town in the past few months) foreclosures are on the rise, they are the ones who are questioning where they get off saying that. It's not just here, its everywhere.
Understand the election is coming up and he wants to be reelected, but there has to be some truth. Where did they get these numbers?
3-number of jobs, in thousands, seasonally - adjusted
[ In Reply To ..]Footnotes
(1) Number of persons, in thousands, seasonally adjusted.
(2) In percent, seasonally adjusted.
(3) Number of jobs, in thousands, seasonally adjusted.
(4) See About the data.
(5) Reflects revised population controls, model reestimation, and new seasonal adjustment.
(6) Correction
(P) Preliminary
Me too... the news all day had stated Americans - are NO better off than 4 years ago.
[ In Reply To ..]I am definitely one of them. I will NOT vote for Obama again... big mistake.
What state it that? No state is currently - VTMT - No facts, no sources, no credibility
[ In Reply To ..].
I have to disagree - Trigger Happy
[ In Reply To ..]Things were getting slowly better but now I think they are slowing again. I still say we are heading for a double dip. I hope I'm wrong, but I just feel like we haven't seen the worst of this yet.
I agree with most of your post. I too worry that...sm - VTMT
[ In Reply To ..]the recovery will stall but I am still cautiously optimistic.
There are ebbs and flows like a wave - Consolidation and expansion
[ In Reply To ..]Based on market history analysis, this is the time of year things kind of stagnate for a bit. I don't know if it is because of vacations (I think a lot of it is), but you will almost always hear a lot of trumped up doom and gloom financial news at this time of year. Medium to big investors are taking an investment hiatus to allow things to settle out and then come back into the market (July?) to loot and plunder what is left of the little investors. It varies every year. Only the big investment firms like Bain Capital know the exact dates. (i.e. Facebook IPO and then crash.) It is very predictable (if you think like Bain Capital.) You don't have to like it, just know it is going on and follow the money.
CBO is indicating the double dip too. People - are living in la-la land.nm
[ In Reply To ..]nm
Government Squabbling Could Push The U.S. Into Recession, CBO Says. - sm
[ In Reply To ..]* Fiscal restraint in 2013 could lead to contraction-CBO
* No restraint over long run not sustainable-CBO
By Lucia Mutikani and Kim Dixon
WASHINGTON, May 22 (Reuters) - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday.
A wave of U.S. tax hikes and automatic spending cuts - dubbed the "fiscal cliff" - are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them.
The CBO, the official budget and economic analyst for lawmakers, said the U.S. economy would contract at an annual rate of 1.3 percent for the first half of 2013 if lawmakers take no action to prevent the looming tax hikes and spending cuts.
"Given the pattern of past recessions ... such a contraction in output in the first half of 2013 would probably be judged to be a recession," the CBO said.
At the same time, CBO said growth would snap back in the second half of the year to 2.3 percent, though it did not offer an explanation.
Historically low tax rates enacted under former President George W. Bush in 2001 and 2003, and jobless benefits for the long-term unemployed are both set to expire on Dec. 31, as is a temporary payroll tax cut.
'Fiscal Cliff' Could Cause Recession In 2013 Without Government Action, CBO Says
Reuters | Posted: 05/22/2012 6:12 pm
stumble
832011121Get Business Alerts:
Sign Up React:Inspiring
Greedy
Typical
Scary
Outrageous
Amazing
Innovative
Infuriating
Follow: The Recession, Video, House Of Representatives Speaker John Boehner, Organization For Economic Cooperation And Development, President George W. Bush, Cbo, Congressional Budget Office, Fiscal Cliff, Reuters, Spending Cuts, Tax Hikes, Business News
* Fiscal restraint in 2013 could lead to contraction-CBO
* No restraint over long run not sustainable-CBO
By Lucia Mutikani and Kim Dixon
WASHINGTON, May 22 (Reuters) - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday.
A wave of U.S. tax hikes and automatic spending cuts - dubbed the "fiscal cliff" - are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them.
The CBO, the official budget and economic analyst for lawmakers, said the U.S. economy would contract at an annual rate of 1.3 percent for the first half of 2013 if lawmakers take no action to prevent the looming tax hikes and spending cuts.
"Given the pattern of past recessions ... such a contraction in output in the first half of 2013 would probably be judged to be a recession," the CBO said.
At the same time, CBO said growth would snap back in the second half of the year to 2.3 percent, though it did not offer an explanation.
Historically low tax rates enacted under former President George W. Bush in 2001 and 2003, and jobless benefits for the long-term unemployed are both set to expire on Dec. 31, as is a temporary payroll tax cut.
In addition, $1.2 trillion in across-the-board reductions in spending on federal programs would begin to phase in as a result of Congress' failure late last year to find a comprehensive deal to cut the budget deficit.
House of Representatives Speaker John Boehner rekindled the debate last week over how to handle the pending deadlines when he declared that Republicans would not consider a boost to federal borrowing authority without a greater increase in spending cuts.
While the CBO did not explicitly address the debt-limit issue, it is among the potential decisions lawmakers face at the end of the year.
The CBO said that although taking action to prevent some of the tax hikes and spending cuts could boost growth in the short term, having no long term plan for "fiscal restraint" is not sustainable.
The conventional wisdom has been that lawmakers will take no action on any of these major issues until after the Nov. 6 elections.
Earlier on Tuesday, the Organization for Economic Cooperation and Development warned of a sharp fiscal contraction next year that could derail the U.S. economic recovery if lawmakers stalled. It also urged the government to move only gradually to tighten its budget.
"The programmed expiration of tax cuts and emergency unemployment benefits, together with automatic federal spending cuts, would result in a sharp fiscal retrenchment in 2013 that might derail the recovery," the OECD said in its latest economic outlook.
Wall Street economists forecast that fiscal policy could tighten by about $600 billion next year, or about 4 percent of GDP, if lawmakers fail to reach an agreement. Goldman Sachs estimates the "fiscal cliff" could shave nearly 4 percentage points from GDP in the first half of 2013.
Most economists, however, expect lawmakers to find a way to soften the blow.
In its forecasts, the OECD said the U.S. economy should grow 2.4 percent this year and 2.6 percent in 2013. Those projections assume the budget deficit is cut by 1 percent and 1-1/2 percent of GDP, respectively, this year and next.
CBO predicts ending Bush tax cuts will put - us into recession. nm
[ In Reply To ..]nm
Good article on business taxes - Full article at link
[ In Reply To ..]As a business owner, I don’t wait until I pay my taxes in the new year to buy equipment I need. That would be stupid. I buy the equipment before I pay my taxes for one purpose. I call it Profit Reduction. Call it whatever you want; tax-deductible equipment purchase, capital equipment purchase… whatever. The point is I use that purchase to reduce the profit that I have to report to the IRS. Remember that all profit is taxable, but not all income is. Income is the money my business earns. But it’s not all taxable. I can deduct expenses just like an individual can. I can deduct labor, travel, materials, office space rent, utilities, equipment purchases, etc. All of those expenses are deducted from gross business revenue (income). What’s left after that is profit. Let’s go to the example.
Let’s say my business has a gross revenue of $200,000. Labor costs are $120,000, equipment costs were $20,000, and rent and utilities and all other expenses were $20,000. Those business expenses add up to $160,000. Since my gross revenue was $200,000, my actual net profit would be $40,000. If my business was taxed at 25%, my tax bill would be $10,000. If it was taxed at a 75% rate, my tax bill would be $30,000. If I waited until after I paid my taxes to buy equipment, I would have left my net profit at the full $40,000, all of it taxable.
Here’s why high taxes can actually be an incentive for a business owner to buy equipment at the end of the year…or give out employee bonuses at the end of the year. Yes, if you receive a bonus around Christmas time, that bonus is fully deductible as a business expense. Now you know why it comes around the end of the year. And here you thought your boss was actually giving you a Christmas bonus. Nope, he’s reducing the net profit of his business and your bonus helps him avoid paying more taxes. As a business owner, the thought process sounds something like this:
"Hmmm, if my net profit is $40,000, I’ll owe $10,000 in taxes this year. Why should I pay that much? Why should the Federal government get my business’ hard earned money? I’d rather give it away than pay them that much!"
And so evolves the "Christmas" bonus in the mind of the business owner. Better that my employees get a bonus than the Fed gets one dime more than they deserve, which is almost nothing. Besides, maybe that bonus will encourage my employees to work more efficiently; at least they won’t waste that money like the Federal government would. And, I can pay myself a nice bonus, too…fully deductible.
So let’s say the bonuses add up to $20,000. My net profit is now reduced to $20,000, and if I paid at a 25% rate, I would still owe $5,000 in taxes. Hmm, how can I cut that amount even lower? I know! I’ll buy equipment that I was putting off until next year! Anything to reduce my net profit as close to zero as possible so that my tax bill is as close to zero as possible, too.
Trickle Down Economics puts the cart before the horse. In other words, it paints a portrait of a business owner being a moron and paying taxes before he pays bonuses or buys capital equipment. Not smart, especially when it leaves you paying taxes on a much higher net profit. I don’t personally know of a single business owner or executive who runs his business that way. Not one.
Putting on a new roof and fixing the driveway - sm
[ In Reply To ..]We needed to do this 4 years ago but didn't dare put the money into it until now. Am very grateful because it really needs to be done now.
Roof-Tax Credit - sm
[ In Reply To ..]Not sure if still applies to 2012 but check to make sure when you do your 2012 taxes if your roof material qualifies for a tax break. It is only certain kinds though. We did a roof and got new windows last year and while we got credit for the windows the shingles we used did not qualify.
Great idea. Thanks! - Home Improvement
[ In Reply To ..]I have used the energy tax credit before for insultation in the attic. A win, win. Cuts down on energy use and even the "little guy" can get a break instead of just BIG OIL.
Similar Messages:
Anyone Else Like To Watch Anthony Bourdain - No Reservations?Mar 01, 2011
I absolutely love this show and love watching this man travel the world and eating the various cuisines, both the tasty appearing and disgusting appearing, LOL. Last night's episode was really interesting because he visited Haiti and it was eye opening and wonderful to see these people in a different light than what the news media presents them. They showed the art work of the children there and it was amazing, even in all of the devestation the children (and adults) can s ...