Saturday, November 30, 2024

Mexican President’s response to Trump threats

Dear President-elect Donald Trump,

I am writing to you regarding your statement on Monday, November 25, concerning migration, fentanyl trafficking, and tariffs.

You may not be aware that Mexico has developed a comprehensive policy to assist migrants from different parts of the world who cross our territory en route to the southern border of the United States. As a result, and according to data from your country’s Customs and Border Protection (CBP), encounters at the Mexico–United States border have decreased by 75% between December 2023 and November 2024. Moreover, half of those who arrive do so through a legally scheduled appointment under the United States’ CBP One program. For these reasons, migrant caravans no longer arrive at the border.

Even so, it is clear that we must work together to create a new labor mobility model that is necessary for your country, as well as address the root causes that compel families to leave their homes out of necessity. If even a small percentage of what the United States allocates to war were instead dedicated to building peace and fostering development, it would address the underlying causes of human mobility.

On another note, and for humanitarian reasons, Mexico has consistently expressed its willingness to help prevent the fentanyl epidemic in the United States from continuing. This is, after all, a public health and consumption problem within your society. So far this year, Mexican armed forces and prosecutors have seized tons of various types of drugs, 10,340 firearms, and have detained 15,640 individuals for violence related to drug trafficking.

Furthermore, the Mexican Congress is in the process of approving a constitutional reform to classify the production, distribution, and commercialization of fentanyl and other synthetic drugs as a serious crime without bail. However, it is publicly known that the chemical precursors used to produce this and other synthetic drugs are illegally entering Canada, the United States, and Mexico from Asian countries. This underscores the urgent need for international collaboration.

You must also be aware of the illegal trafficking of firearms into my country from the United States.

Seventy percent of the illegal weapons seized from criminals in Mexico come from your country. We do not produce these weapons, nor do we consume synthetic drugs. Tragically, it is in our country that lives are lost to the violence resulting from meeting the drug demand in yours.

President Trump, migration and drug consumption in the United States cannot be addressed through threats or tariffs. What is needed is cooperation and mutual understanding to tackle these significant challenges.

For every tariff, there will be a response in kind, until we put at risk our shared enterprises. Yes, shared. For instance, among Mexico’s main exporters to the United States are General Motors, Stellantis, and Ford Motor Company, which arrived in Mexico 80 years ago. Why impose a tariff that would jeopardize them? Such a measure would be unacceptable and would lead to inflation and job losses in both the United States and Mexico.

I am convinced that North America’s economic strength lies in maintaining our trade partnership. This allows us to remain competitive against other economic blocs. For this reason, I believe that dialogue is the best path to understanding, peace, and prosperity for our nations. I hope our teams can meet soon to continue building joint solutions.”

Mexico President Claudia Sheinbaum

Sunday, November 24, 2024

WNIJ: Boone County property taxes expected to go up

.)

Boone County property taxes expected to go up, as tax rate goes down, county official says

Northern Public Radio | By Maria Gardner Lara

Published November 21, 2024 at 4:30 AM CST

Pixabay

The Boone County Board will take a vote on Thursday on the county’s budget for its 2024-2025 fiscal year. Its fiscal year starts in December.

Becky Tobin, the Boone County Administrator puts together the budget for the Boone County Board members to consider.

“The biggest thing that's included in this budget is all of our large, capital infrastructure projects that are going on,” Tobin said. “That's going to inflate the budget more than it normally would be.”

The projects include the renovation of the Public Health Department, the courthouse and two county owned buildings on McKinley Avenue ib Belvidere.

“So, there's a lot of moving parts here,” she said. “It's going to take probably 18 months to two years for all of this to be complete.”

She said there are several sources of money that will cover the cost of the projects including $6 million in reserves, federal relief funding and future bonds.

She says the county continues to pay off debt for past infrastructure projects, which will be paid off in 2028.

Regarding how these projects may affect people’s property taxes, she said “The increase that they'll see has nothing to do with these building projects.”

She said the 2025 fiscal year budget as proposed does go up.

“The board is only raising it 3.5% because that's all we need,” Tobin said. “We're not going to ask the taxpayers to pay more than the county needs to function.”

Fiscal year 2023-2024 budget was $12.8 million, while fiscal year 2024-2025 proposed budget is about $13.25 million.

She said the additional funding is going to the highway department, senior transportation program, veteran’s assistance and liability and retirement taxes.

Tobin said covering the additional expenses won’t fall on just existing property owners.

“So realistically, there's new property out there that's paying taxes, for the first time, so that your existing property owners don't get hit with as much of an increase,” she said. “And I'm not saying they're not going to see any increase, but it won't be three and a half percent from the county side.”

For fiscal year 2023-2024 the property tax rate was 0.92743. The proposed tax rate for fiscal year 2024-2025 is 0.84321, according to county documents.

She adds that although the estimated 2025 county property tax rate proposed will be down from last year, property values are expected to go up, so property owners are likely to see a tax increase.

She said folks may see additional increase from other taxing bodies like from the townships, and school districts.

Above is from:  https://www.northernpublicradio.org/wnij-news/2024-11-21/boone-county-property-taxes-expected-to-go-up-as-tax-rate-goes-down-county-official-says

Saturday, November 23, 2024

Santa Cruz County equals or exceeds the City of Dixon

Former treasurer in Arizona admits to embezzling $38M over a decade

Gutfahr, 62, pleaded guilty this week to charges of embezzlement by a public official, money laundering and tax evasion while she was serving as treasurer. Santa Cruz County in southern Arizona is looking for ways to recoup the millions that were meant for the public’s benefit, and local officials are also suing the state for allegedly failing for years to properly audit Gutfahr’s books.

Read the entire article at:  Former treasurer in Arizona admits to embezzling $38M over a decade

May be an illustration of map and text

Wednesday, November 13, 2024

Former Belvidere Mayor Mike Chamberlain dies at 73

Former Belvidere Mayor Mike Chamberlain dies at 73

Former Belvidere Mayor Mike Chamberlain dies at 73

No funeral plans have been announced

SEE Story at:  Former Belvidere Mayor Mike Chamberlain dies at 73

Wednesday, November 6, 2024

Donald Trump has sweeping plans: What he’s proposed


Donald Trump has sweeping plans: What he’s proposed

Story by The Associated Press

• 1h • 8 min read

WASHINGTON (AP) — Donald Trump has promised sweeping action in a second administration.

The former president and now president-elect often skipped over details but through more than a year of policy pronouncements and written statements outlined a wide-ranging agenda that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade and a shift in America’s international role.

To continue reading click on the following:  Donald Trump has sweeping plans: What he’s proposed

Monday, November 4, 2024

Commentary: Trump has billions riding on whether he wins

Yahoo Finance

Commentary: Trump has billions riding on whether he wins   

from:  https://finance.yahoo.com/news/commentary-trump-has-billions-riding-on-whether-he-wins-192358755.html

Billionaire backers: The moneymakers trying to get Harris, Trump elected

Scroll back up to restore default view.

Rick Newman

Rick Newman · Senior Columnist

Mon, November 4, 2024 at 1:23 PM CST 5 min read

<?XML:NAMESPACE PREFIX = "[default] http://www.w3.org/2000/svg" NS = "http://www.w3.org/2000/svg" />

686


An investor dubbed the “French whale” has sparked fascination with his lavish bets on the outcome of this year’s US presidential election. Fredi9999, as one of his accounts is known, is wagering at least $30 million that Donald Trump will win in the Polymarket prediction market.

That’s peanuts compared with what may be the biggest bet of all on the 2024 election, which is what Trump himself stands to gain — or lose. Through his ownership stake in Trump Media and Technology Group, the stakes for Trump amount to at least $4 billion, which is more than all the presidential election bets on Polymarket combined.

Trump Media, known by its ticker symbol, DJT, is broadly viewed as the one financial asset serving as a binary bet on whether Trump wins or loses the presidential race. If Trump wins, DJT, which houses the Truth Social networking app, could gain a surge of users and revenue, making it a viable social media network able to compete with the likes of X (formerly Twitter) and Facebook. But if Trump loses, DJT’s already weak financials could erode further, threatening the whole business. Some investors think the stock could go to 0, imperiling the company.

Shares of DJT have been wildly volatile during the last two months, surging or crashing based on market perceptions of whether Trump is likely to win. There’s a tight correlation between Trump’s odds in betting markets and the direction of DJT shares.

In mid-September, for instance, Democratic candidate Kamala Harris pulled ahead of Trump in betting markets. DJT shares sank and closed September at $12.15, the lowest level since the company went public back in March.

Then Trump’s election odds improved, hitting 64% in the Real Clear Politics aggregate on Oct. 29. On the same day, DJT closed at $51.51, a 324% gain from its September low. There was no company news during that time indicating any sort of improvement in the company’s financial or operating performance, which is weak.

During the last few days, Trump’s election odds have fallen to around 55%, while DJT shares have slipped to about $31. Polls show the two candidates are essentially tied, with Harris possibly benefiting from a wisp of last-second momentum.

Republican presidential nominee former President Donald Trump is reflected in the bullet proof glass as he finishes speaking at a campaign rally in Lititz, Pa., Sunday, Nov. 3, 2024. (AP Photo/Matt Rourke)

Republican presidential nominee former President Donald Trump is reflected in the bullet proof glass as he finishes speaking at a campaign rally in Lititz, Pa., Sunday, Nov. 3, 2024. (AP Photo/Matt Rourke) · ASSOCIATED PRESS

Drop Rick Newman a note, follow him on X, or sign up for his newsletter.

Trump owns 57% of DJT, and the value of his stake has yoyo-ed in proportion to the stock price and his election odds. In July, before Harris replaced Joe Biden as the Democratic nominee, DJT’s market value was around $7.7 billion, putting the value of Trump’s portion at about $4.4 billion. At its low point in September, DJT was worth $2.4 billion, with Trump’s share at $1.4 billion. After the October surge, DJT was worth $10 billion, and Trump’s share $5.7 billion.

2024 Presidential Election

Blower cartoon, November 5