Ohio Governor Mike DeWine signed a bill banning public schools from requiring vaccinations.
Today's Live Show
AMC AND MEME STOCKS ARE NEARLY DEAD, CHILD TAX STIMULUS BEGINS
Join us on today's live morning show as I'll be looking at why AMC and other meme stocks are crashing. Fed Chief Jerome Powell has some thoughts on the economy and those child tax credits started hitting bank accounts. Be sure to click here and RSVP to hang out in the chat with our audience. I'll see you at 8:30 AM Eastern live.
The U.S. government began sending child tax credits today. Approximately 39 million families with 65 million children will receive these credits.
The tax credit was established in March with President Biden’s American Rescue Plan. It gives a credit of $300 per month for children under 6 years old and $250 per month for children between the ages of 6 and 17 years old. This will be sent as monthly checks or deposits to families who have an income of $150,000 or less for two adults or $75,000 or less for individuals.
Families who make more than that do not qualify for payments but do qualify for a credit on their taxes of $2,000 per child under the age of 17.
So what should you do to make sure you qualify?
Well, the IRS makes that determination, not you. It is based on your most recent tax return, which should be 2020 if you filed on time, or 2019 if you filed for an extension.
All monthly payments should now happen on the 15th of every month until December but President Biden is pushing hard for legislation that will make this permanent.
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The U.S. Senate passed a law banning imports of all products from the Xinjiang region of China on Wednesday. This is the region accused of human rights abuse and outright violence towards Muslim groups in labor camps.
The Uighur Forced Labor Prevention Act says that goods from this region produced from forced labor will be banned from being sold in the U.S. unless otherwise certified by U.S. authorities.
The U.S. already banned clothing made with Xinjiang-grown cotton earlier this year. What other products this will affect is unclear. The region is known for exporting silica-based materials, tomatoes, coal, sugar and more. Will this affect the price of U.S. goods and the economy that benefits from cheaply-produced items? TBD.
Every single U.S. Senator voted in favor of the act. It will now go to the House of Representatives, where it is expected to pass before President Biden signs it into law.
There are so many stories about how the planet is screwed today so we’re going to do a roundup:
Okay first, new research shows that the Amazon rainforest is now emitting more carbon dioxide than it is able to absorb. Many of these emissions come from humans burning the forest for beef or soy farms. The Amazon used to be a crucial carbon sponge, which helped keep balance in the atmosphere but now that it can no longer do that, we’re in big trouble.
A new interactive model from Esri’s Living Atlas shows the impending doom of the planet with images of what the Earth will look like by 2050. It’s apocalyptic. It underlines why severe changes are necessary now. Yesterday. Post haste!
And a lake in the California desert is so toxic that General Motors is proposing to use it to make lithium-ion batteries to power electric vehicles. I mean…!!!
grover credit: clayton morris
Obedience trainers are busier than ever with the pandemic puppy boom. One trainer reports that he has triple the normal workload and his voicemail is filled daily from frantic dog owners.
It’s not that humans don’t know what to do with their pets, although some of that is true. A lot of the problem has to do with workplace re-openings. Pups are not doing well with their humans going back to work and leaving them behind for the first time. Cats on the other hand can’t wait for you to go. Veterinarians reported increased anxiety in cats when their humans would not leave the house, which led to a string of stress-induced feline urinary tract infections!
Trainers say that they see more “severe dog behavioral issues” because the dogs were not socialized with other animals or people during lockdowns and have separation anxiety when their humans leave. Trainers worry that these problems will cause owners to surrender their pets and 20% of surrendered pets are euthanized.
“We are now seeing dogs that literally cannot cope,” one trainer told Vice. “We have seen dogs that are chewing up an entire household. And we have seen dogs that are completely shut down; drooling, so fearful that they can’t even move.”
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