WHERE HIGH EARNERS ARE MOVING:
Florida and Texas gained the most high earners, while California and New York lost the most. Florida added 27,500 high-earning filers even after accounting for outflows, while Texas added the second most at 9,000. Meanwhile, California and New York lost more than 45,000 and 31,000 high-earning filers, respectively. New Jersey, Massachusetts, New York and Pennsylvania all saw a net outflow of households making $200k or more. Still, Massachusetts, New Jersey and Connecticut are the only three states with over 10% of tax filers earning more than $200,000 per year. $200K tax base is growing fastest in Idaho, Florida and Montana. High earners are leaving Washington D.C. at a fast pace. The nation’s capital lost a net total of 2,009 high-earning households between 2020 and 2021. As a percentage of all filers, high earners left D.C. at a faster rate than any state.
Foreign Thieves Are Scamming Americans On Welfare:
Criminals, mostly from Romania, have used information illegally copied from government-issued electronic benefit-transfer cards to steal tens of millions of dollars over the past year. The intended recipients must then prove they were defrauded so they can get money they had counted on. In hard-hit Los Angeles County, the amount reimbursed to victims jumped from about $900,000 in 2021 to $21.1 million in 2022 and $25 million in the first half of 2023.
THE DATA EXAMINER – LENS:
The body paint of a Data Examiner reader in New York.
Mexican Cartels Quietly Expand:
Mexican cartels are quietly expanding their global criminal empires to include mass theft operations targeting big-box stores, luxury retail brands, and small businesses, then selling the stolen goods online and laundering the profits through Chinese brokers. The same transnational criminal organizations, known as cartels, that have facilitated the greatest-ever human smuggling operation across the U.S.-Mexico border over the past two years and simultaneously caused the fentanyl epidemic in America now have a hand in organized retail crime.
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** We’re in corn sweat season, when corn exhales water as temperatures rise. One acre of corn gives off roughly 3,000 to 4,000 gallons of water each day.
** According to a CDC report, up to 450,000 people in the US have developed a red meat allergy tied to ticks, known as alpha-gal syndrome.
The Implosion Of Stockton Rush
OceanGate’s submersible tragedy was foreseen by dozens of experts in the years leading up to it, none of whom found a way to stop the company founder’s experimental plans. READ
** While the number of consumer fraud reports dropped 17% YoY to 2.4m in 2022, aggregate losses totaled $8.8B, up 44% YoY, according to the FTC.
** Delta’s 15k pilots voted to approve a contract that’ll provide them 34% raises over four years.
** Starbucks office workers drafted a letter to management recently as executives mandated a reduction in remote work opportunities. Employees within commuting distance of the company’s Seattle headquarters must travel to the office on Tuesdays, Wednesdays, and a third day determined by their teams, according to a memo. Several dozen office workers created a petition asserting that the firm would diminish productivity and violate trust with employees due to the change.
** A NY judge ruled that Starbucks committed “egregious” misconduct during a unionization campaign in Buffalo, and must reinstate seven employees and provide back pay and damages to others.
** Senate Majority Leader Chuck Schumer (D-NY) accepted more donations in the last election cycle from BlackRock and individuals affiliated with the firm than any other member of Congress.
** TikTok is so addictive that the company itself is trying to limit the amount of scrolling by under 18s – requiring the re-entry of passwords after 60 minutes on the app.
** Teams with a mix of introverts and extraverts tend to outperform those with mostly extraverts or mostly introverts. Extraverts sell more when they’re directly rewarded, and ambiverts bring in more revenue than introverts or extraverts.
** Apple supplier Foxconn could expand its Indian iPhone production capacity to ~20m units per year by 2024, up from ~6m today, as Apple looks to diversify away from China.
** #BoycottWalgreens trended on Twitter after the pharmacy chain decided it wouldn’t carry abortion pills in 20 states, including some where they’re legal, per the request of those states’ attorneys general.
** America’s roads are getting more dangerous for pedestrians, with fatalities up 18% since 2019.
** Marlboro parent Altria announced plans to buy e-cig startup NJOY for $2.75B, just days after exiting its $12.8B stake in Juul, which was worth just $250m last year.
Make Algebra Illegal!
Progressives have been waging a long battle against accelerated math courses in middle and high school. In San Francisco, Algebra I was banned in public middle schools and they basically got that to be the new California math policy. Cambridge, Massachusetts, and other school districts have followed suit. According to economics writer Noah Smith: “Refusing to teach kids math will not improve equity.”
The Data Examiner:
A look at the 118th Congress by age.
Lead In The Phone Networks
** For decades, AT&T, Verizon and other telecom companies dating back to the old Bell System have known that the lead in their networks was a possible health risk to their workers and had the potential to leach into the nearby environment, according to documents and interviews with former employees.
** AT&T, Verizon and other telecom giants have left behind a sprawling network of cables covered in toxic lead under the water, in the soil and on poles overhead, a WSJ investigation found.
** AT&T’s stock fell 6.7% recently to $13.53 a share, its lowest close since February 1993, extending recent losses after a WSJ investigation into toxic lead cables left behind by telecommunications companies. Some companies have downgraded their ratings on some telecom stocks. AT&T, Verizon, Frontier and Lumen together have lost about $36 billion in market value since the publication.
** Relief could be on the way for the 1m+ menopausal women in the U.S. – the FDA approved Veozah, a once-a-day pill to ease hot flashes.
** About 240 million people in the world suffer from schistosomiasis, a debilitating disease caused by parasitic worms that penetrate the skin. It’s common in sub-Saharan Africa as well as parts of South America and the Caribbean. Researchers in Senegal figured out that they could reduce the incidence of the disease by removing aquatic plants from ponds. The parasitic worms reproduce inside freshwater snails that feed on algae growing on the plants. The best part: The plants can be used for fertilizer and animal feed, giving farmers an incentive to do the weeding. A 23-person research team led by Jason Rohr, an ecologist at the University of Notre Dame, published its work in the journal Nature on July 12.
** How Menopause Reshapes the Brain – Researchers are beginning to understand how menopause – and the transition leading up to it – can impact brain health later in life, potentially informing approaches to treating neurodegenerative diseases.
** The first-ever “poop pill” has movement, with the FDA approving the bacteria-restoring fecal transplant treatment – a landmark accomplishment in fighting gut infections. However, at $17.5k per course, prices may initially limit usage.
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** According to a recent survey of 1,300 managers, three out of four agree that Gen Z is harder to work with than other generations – so much so that 65% of employers said they have to fire them more often. One in eight have let go of a Gen Zer less than one week after their start date, the study found.
** Half of U.S. households have no retirement savings.
** A team of researchers analyzed 25 melatonin gummy products from different brands and found that 22 contained different amounts of melatonin than what was listed on their labels; one contained only 74% of the advertised amount of melatonin, while another had 347% of the labeled amount. Yet another product contained no detectable melatonin at all.
** Democrat presidential candidate Robert Francis Kennedy Jr. said during an interview that he opposes allowing biological males to compete against females in women’s athletics.
** While the rate at which murders are solved or “cleared” has been declining for decades, it has now dropped to slightly below 50% in 2020 – a new historic low. And several big cities, including Chicago, have seen the number of murder cases resulting in at least one arrest dip into the low to mid-30% range.
** The 38-year-old Mexican national that law enforcement officials are searching for in Texas for allegedly murdering five of his neighbors is reportedly an illegal alien who has been deported from the U.S. multiple times. San Jacinto County Sheriff Greg Capers said that officials from Immigration and Customs Enforcement (ICE) informed him that Francisco Oropesa is thrice-deported illegal alien who was last removed from the country in 2016.
** Student behavioral problems that spiked with the return of in-person learning after the coronavirus pandemic are getting even worse, educators say. Seventy percent of teachers, principals and district leaders said in a recent EdWeek Research Center survey that students are misbehaving more now than in 2019, up from 66% in December 2021. One-third in the new poll said students are misbehaving “a lot more.”
** Uber keeps winning: The rideshare giant reported $8.8B in Q1 revenue, up 29% YoY, and a 24% YoY increase in trips.
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Acclaimed Talent Agent Harry Abrams Releases Business Book:
Harry Abrams, the esteemed President and Chief Executive Officer of Abrams Artists Agency, has unveiled his highly anticipated business book, “Let’s Do Launch: A Hollywood Agent Dishes on How to Make Your Business and Career Take Off”, offering readers an intimate glimpse into his remarkable journey spanning over 60 years in the entertainment business. “Let’s Do Launch” tells the story of how Harry humbly and hungrily defied the stereotype of a ruthless egotistic Hollywood mogul and still achieved tremendous success in a field everyone can relate to, and everyone has an inherent interest in – entertainment. In so doing, this book will serve as a practical guide for people of all ages and in all businesses.
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