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Did You Know?
Jeff Bezos just sold one of his many Seattle mansions for $63 million. See the lavish US properties he's bought over the years. Jeff Bezos has spent millions of dollars amassing a collection of residential properties over the years. A 2025 Land Report named Bezos the country's 23rd-largest landowner, with 420,000 acres to his name.
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In what’s believed to be a first-of-its-kind program, L.A. city and county building officials will use artificial intelligence to assist with permitting for rebuilding after January’s wildfires. The software, donated by wildfire recovery foundations, aims to speed up a process already being criticized as moving too slowly. Disaster recovery and government technology experts said permitting was a good use of AI technology, but cautioned that human oversight was needed. (LA TIMES)
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The average tariff is now around 17%.....Goldman Sachs raised their GDP growth estimate for 2025 to 1%. Most expect a single-year inflation bump between 1-1.5% this year. (CNBC)
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The new tax bill under consideration proposes a significant change to the State and Local Tax (SALT) deduction, particularly affecting high-income households. While the bill increases the SALT deduction cap from $10,000 to $30,000 for individuals earning up to $400,000, it introduces a phase-out mechanism that reduces the benefit for those with incomes above this threshold. The phase-out begins for couples earning over $400,000, gradually decreasing the SALT deduction cap as income rises..... meaning that higher-income households will receive a reduced benefit from the SALT deduction compared to those earning less. Households making $1 million or more annually would see their after-tax income rise by about 1.6%, or roughly $35,000, due to the SALT cap repeal.
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Annual US inflation rate hit 2.3% in April, less than expected: The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate. Should the FED lower rates? Inflation hit 9.1% in June 2022 as global inflation spiked, plummeted to 2.4% by September 2024 and then moved up to 3% in January. An April report from The Budget Lab at Yale estimates tariffs will contribute to a 2.6% increase in food costs in the short-run, with fresh produce initially 5.4% more expensive. Lowered oil prices with OPEC's recent production increases and government enforced price controls on drugs could offset this. (CNBC)
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On this day in 1846, just 179 years ago, the U.S. Congress voted by majority in favor of President Polk’s request to declare war on Mexico in a dispute over Texas. After nearly 2 years, peace was established by the Treaty of Guadalupe Hidalgo, in 1848. The Rio Grande was made the southern boundary of Texas, and California and New Mexico were ceded to the US. In return, the US paid Mexico $15 million and agreed to settle all claims of U.S. citizens against Mexico, possibly the best real estate deal in US history? Texas' GDP is over $2.7 trillion while Mexico's is about $1.8 trillion with a population 4X larger.
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Some preach the demise of EV's, yet U.S. EV sales increased 11.4% year over year to nearly 300k units during the first quarter of 2025. Cities are becoming the biggest beneficiaries of EV's which are much quieter and don't pollute like gasoline/diesel powered vehicles. Some international cities are allowing only EV's and hybrids into the city center to reduce pollution ...and it’s noticeable. Shorter distance travelling is well suited to EV's, though 30-minute 80% fast-charging stations are popping up around the globe and in China new tech has been built to charge 250 miles range in 5 minutes. Price was always a hindrance, but now many US EV's start around $35k. Multi-billion-dollar federal tax breaks are about to end just as many more lower priced EV options become available. The minimalist Slate Truck, (around $20,000) enters production in 2026 in Michigan with only 2 seats and a bed big enough to hold a sheet of plywood.
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Exercise (such as 20 min of walking) has an acute beneficial impact on postprandial hyperglycemia when undertaken as soon as possible after a meal.Longer intervals between eating and exercising weaken the acute effect on glucose levels.Exercise prior to a meal does not blunt postprandial hyperglycemia.Post-meal exercise minimizes glycemic excursions and therefore might lower the risk for low-grade inflammation diseases and cardiovascular diseases.
"I think it will take an accident that kills 50-100 million people for everyone to take the threat of A.I. seriously."
- Paul Tudor Jones (Billionaire Investor and head of ROBIN HOOD FOUNDATION) No agency exists to regulate A.I. AI-driven Biohacking and weaponry are an enormous risk.
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