Print the page
Increase font size

Posted April 16, 2019

Byron King

By Byron King

Grounded for Summer Vacation

I am so totally confused that I had to file for an extension, says our first contributor about 2018 tax filing.

I thought it was supposed to be simpler but its not and my return is normally a cut and dry return.

I am now waiting to find out if I can have an extension. I will be taking this mess to a tax preparation person and having to pay!

Wish me luck.

Remember when the president and former Sen. Paul Ryan held up a mock-up of a postcard that wed be filing our taxes on after the TCJA? The postcards mocking us.

We could certainly pay less [in taxes] and reduce the national debt if duplication, unnecessary government agencies and waste were minimized eliminated would be much better but that would be too much to expect.

All non-essential programs should be eliminated until we have cleared the national debt.

No doubt. Government waste and the national debt mock us, too.

Your Rundown for Tuesday, April 16, 2019:

Summer Travel Grinds to a Halt

Did you know the Boeing 737 Max airplane accounted for 8,600 flights per week before the March air disaster off the coast of Ethiopia?


So how is the worldwide grounding of the Boeing passenger plane affecting U.S. carriers, particularly as we come into the busiest travel season of the year?

A decline in seat capacity could mean higher last-minute summer fares, particularly for business class travelers, says an article at Reuters.

The grounding of the 737 Max means...

  • Southwest will cancel 160 of its 4,200 daily flights between Jun. 8 and Aug. 5

  • American will cancel 115 daily flights through Aug. 19 or about 1.5% of its summer flying schedule each day
  • As for United, the airlines president Scott Kirby says: Weve used spare aircraft and other creative solutions to help our customers, who had been scheduled to travel on one of our 14 MAX aircraft, get where they are going.

    But, its harder to make those changes at the peak of the busy summer travel season.

    The grounding of Boeing 737 Max aircraft might lead to higher prices for consumers this summer; at first, this might mean more profits for airlines but will lead to disgruntled customers quick to vent on social media.

    In short: more people travelling, higher prices and fewer planes is a bad mix.

    For investors, beware airline stocks.

    Market Rundown for Tues. April 16, 2019

    S&P 500 futures are up 9.25 points to 2,918.75.

    Oil is up 29 cents to $63.69 per barrel.

    Golds lost $9.00 to $1,282.30 per ounce.

    Bitcoin is up $15.15 to $5,053.10.

    Have a good day. Well talk tomorrow.

    For the Rundown,

    Aaron Gentzler

    Aaron Gentzler

    $1,000 Sign Up Bonus To Work Part-Time at an Arcade

    Posted June 18, 2021

    By Aaron Gentzler

    Today we take a look at Ford’s recent run of good fortune and forecast what could come next for the stock. We also feature a reader letter about wages and the free market.
    A Meme Stock ETF

    A Meme Stock ETF

    Posted June 16, 2021

    By Aaron Gentzler

    We think an ETF pegged exclusively to meme stocks must be in the works. We’re calling it now…

    Novavax: Competitive Advantages ‘Boost’ Profits

    Posted June 14, 2021

    By Aaron Gentzler

    Novavax announced its Covid-19 vaccine… So what’s next for the Maryland-based biotech company?
    Make America Competitive Again

    Make America Competitive Again

    Posted June 11, 2021

    The Senate passed the U.S. Innovation and Competition Act (USICA). The bill aspires to make America competitive again… and takes aim at China.
    Biogen Breaks Through 5-Year Stalemate

    Biogen Breaks Through 5-Year Stalemate

    Posted June 09, 2021

    “This could be a key moment for the biotech sector,” says our chief market analyst Greg Guenthner.
    Small Business Taxed for Pandemic Shortfalls

    Small Business Taxed for Pandemic Shortfalls

    Posted June 07, 2021

    By Aaron Gentzler

    Small businesses -- hanging on by a thread -- are being taxed for pandemic shortfalls…