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Now. But i want to focus on then. And see if we can get some insight into lincoln and his times and this, as guy said, this hot topic. Let me start with december 6, 1864. Thats just a month after his reelection as president. And its the day that Abraham Lincoln sent his fourth and as fate would have it, his final annual message to congress. The equivalent, as you know of todays state of the union messages, except by the tradition of the lincoln era, they are not orated in person. They were sent Via White House staff and read by a clerk. Maybe with feeling. Probably not. Certainly not the way lincoln himself would have read it. So we can only imagine how the document was received by a body that would ultimately just take a reading copy and study it more closely. I would think that one passage, particularly, caught the listeners attention that day. And keep in mind as we set ....
Now. But i want to focus on then. And see if we can get some insight into lincoln and his times and this, as guy said, this hot topic. Let me start with december 6, 1864. Thats just a month after his reelection as president. And its the day that Abraham Lincoln sent his fourth and as fate would have it, his final annual message to congress. The equivalent, as you know of todays state of the union messages, except by the tradition of the lincoln era, they are not orated in person. They were sent Via White House staff and read by a clerk. Maybe with feeling. Probably not. Certainly not the way lincoln himself would have read it. So we can only imagine how the document was received by a body that would ultimately just take a reading copy and study it more closely. I would think that one passage, particularly, caught the listeners attention that day. And keep in mind as we set ....
So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always ....
41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was go ....
Anger over the policy was bubbling up. Pay pal agreed to consider making changes. The same time our story aired elliott stocks wrote a scathing blog about this issue titled good riddance, pay pal. Pay pal new president posted a response, there is a massive culture change happening at pay pal right now, he wrote f we suck at something, we face exit do something about it. Pay pal immediately offered to reinstate the account. The new president of pay pal has been on record as stating that theyve gotten the message from our lawsuit and from consumer complaints. That is jeff leon of the complex Litigation Group filing a class action suit on behalf of users who say accounts have been frozen longer than 21 days. He says accounts of thousands of customers have been frozen six months. That is something pay pal denied back in september to 7 on your side sh but now, admits happened on rare occasions when its in the process of closing someo ....