FINANCE

STUDY: REPUBLICANS TIP BETTER THAN DEMOCRATS

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Bao Bao in Portland where the owner recently announced that the restaurant will adopt a no-tipping policy.

 

  • “When it comes to generous tipping, Republicans definitely beat Democrats,” Creditcard.com senior industry analyst Matt Schulz told Fox Business.

 

( Daily Wire ) According to a study conducted last month by Creditcard.com, Republican men from the Northeast are among the best tippers, ironically, yet unsurprisingly, tipping better than liberal do-gooders.

The study, running a survey via the Princeton Survey Research Associates International, “examined tipping behavior at restaurants, hotels, coffee shops and hair salons. It sampled 1,002 adults who used cash, credit or debit cards,” notes CNBC.

Republican men dining at a restaurant were found to have tipped a median of 20%, as opposed to Southern Democrats who tipped at a 15% median. Women also averaged on the stingy side, tipping a median of 16%.

“When it comes to generous tipping, Republicans definitely beat Democrats,” Creditcard.com senior industry analyst Matt Schulz told Fox Business. “Fifty-nine percent of Republicans say their typical restaurant tip exceeds 15%, while just 46% of Democrats say the same. Democrats are also more likely than their GOP counterparts to say that they never tip hotel housekeepers, hair stylists/barbers and coffee shop baristas.”

Though there were some significant differences connected to one’s politics, the study found that tipping mostly aligned with income level.

…..Aside from being more generous tippers, Republicans have also been found to be more likely to give generously to charities than Democrats.

 

Read more:  Study: Are Republicans Or Democrats Better Tippers?

MEDIA FREAKING OUT AFTER TRUMP TWEETS THEY WILL BE ‘FORCED TO COVER’ BOOMING ECONOMY

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The liberal media are not happy with one of Donald J. Trump latest tweet on how ‘Fake News will be forced to discuss our great jobs numbers, strong economy, success with ISIS, the border & so much else!.’

NBC’s Chuck Todd said. ““If these actions and this language was being used by a leader in a different country, our State Department… not just we in general… would be saying ‘Hmm, that country is inching towards authoritarianism. Because that’s usually the first sign: when you try to delegitimize a free press.”

NBC’s Katy Tur oh-so-seriously and ominously asked on-air what Trump meant by “forced.”

Talking Points Memo tweets:

Trump declares the press will be “forced” to cover his achievements. What First Amendment?

 

 

 

Related link: Legacy Media Freak After Trump Tweets They Will Be ‘Forced’ to Cover Booming Economy

ANTI-STARBUCKS MUSLIM LEADER URGES INDONESIA TO REVOKE ITS BUSINESS LICENSE FOR PROMOTING LGBT

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Reuters

 

  • “Islam condemns LGBT. It’s a sin”
  • Anwar Abbas of Muhammadiyah, an organization that has around 30 million members: Indonesia should revoke Starbucks’ operating license as the company’s support for the LGBT community is “not in line” with the nation’s Islamic ideology
  • Abbas: “If Starbucks only does business, then fine. But don’t bring ideology here,”

 

Reuters  By Nilufar Rizki and Jessica Damiana | JAKARTA

 

A leader of Indonesia’s second-largest Muslim organization has called for a boycott of Starbucks, saying that the international coffee chain’s pro-gay stand risks ruining the “religious and cultured” core of the Southeast Asian nation.

With the exception of the ultra-conservative Aceh province, homosexuality is legal in Indonesia. But police raids on the lesbian, gay, bisexual and transgender (LGBT) community have risen in the world’s most populous Muslim country.

Anwar Abbas of Muhammadiyah, an organization that has around 30 million members, said the government should revoke Starbucks’ operating license as the company’s support for the LGBT community is “not in line” with the nation’s ideology.

If Starbucks only does business, then fine. But don’t bring ideology here,” Abbas told Reuters by phone on Saturday.

PT Sari Coffee Indonesia, which holds the license to run the Starbucks chain, is a legal entity that “always obeys the prevailing regulations and appreciates the cultural values in Indonesia”, an executive at its parent company said.

“We also value the religious background of our customers and employees,” Fetty Kwartati, a director at PT MAP Boga Adiperkasa Tbk, said in a text message.

Indonesia’s reputation for tolerance and pluralism is already under scrutiny after Jakarta Governor Basuki Tjahaja Purnama, an ethnic-Chinese Christian, was sentenced in May to two years in prison for blasphemy in a trial that came after mass Islamist-led rallies last year.

Asked why he had taken a stand against Starbucks, Abbas said he was informed in a chat group about a pro-LGBT comment made by the company’s senior executive, Howard Schultz.

Schultz is now chairman of Starbucks after stepping down from his previous role as chief executive.

Forbes reported that when a Starbucks shareholder complained in 2013 that the company had lost customers because of its support for gay marriage, Schultz said it embraces diversity and that “not every decision is an economic decision.”

If you feel, respectfully, that you can get a higher return than the 38 percent you got last year, it’s a free country. You can sell your shares in Starbucks and buy shares in another company,” Schultz was reported as saying at that time.

A video of the comment was also posted on YouTube.

Starbucks customer Annisa Meidiana, who is a Muslim, said she would not stop buying coffee there because of the call for the boycott.

“Islam condemns LGBT. It’s a sin,” the 22-year-old university student said outside Jakarta. “But it doesn’t matter to me. For me, being an LGBT is a human right.”

(Reporting by Nilufar Rizki and Jessica Damiana; Additional reporting by Stefanno Reinard; Writing by Eveline Danubrata; Editing by Nick Macfie)

 

STUDY: Conservatives Control the Purse Strings in America – Purchasing 60% of All Products and Services

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  •  57% of the purchasing power in the US is by Republican or conservative households.  This is nearly 3 out of 5 household dollars are spent by conservative households.  If you take away California and New York the results would be even more lopsided.
  • 36 of the 39 poorest districts in America were Democratic districts.

 

( The Gateway Pundit by Joe Hoft ) Our study shows that conservatives in the US control the purchasing power of nearly 60% of all household purchases in the country.  

We performed an analysis to determine whether conservatives or liberals account for more of the purchases of products and services in the US.  To determine this we obtained various sources of data.

We first obtained the most recent information we could find regarding purchasing power per US household per state. This data was readily available from 2015.  Next we obtained the number of households per state which was available from the US Census Bureau along with population.  Finally, we obtained the number of representatives per party in the House of Representative for the same time period (2015).  We used the US House of Representatives as it is a good estimate of the level of conservative versus liberal households in a state.

By multiplying the purchasing power per household by the number of representatives per party per state we derived the purchasing power equivalent for each party.

 

Our results show that 57% of the purchasing power in the US is by Republican or conservative households.  This is nearly 3 out of 5 household dollars are spent by conservative households.  If you take away California and New York the results would be even more lopsided.

The results of our study are not shocking.  In May of 2014 we performed an analysis of Congressional Districts at that time.  The outcome of that study showed similar results.  We collected the 2012 US census data housed at the government census site.  We also obtained a list of Congressional Representatives and their party affiliation from the US Congressional website for the 113th Congress voted into office starting in 2012.

What we found from the US Census data was that Democrats were the party of the super rich with 14 of the top 20 richest districts in America being Democratic districts at that time.

But what was also found was that 36 of the 39 poorest districts in America were Democratic districts.

(Note that the data used at that time did not include the US territories of Guam, Samoa, Mariana Islands, Virgin Islands and Puerto Rico which are also represented by Democrats and are also very poor districts.)

The working class districts were represented by Republicans by almost a two-to-one ratio.

If you excluded the 20 richest districts and the bottom 39 poorest districts there were 225 Republican working class districts and only 152 Democrat working class districts.  Republicans overwhelmingly represented the middle class districts by almost a two-to-one ratio. 

The middle class has the purchasing power in the US and the middle class predominantly votes Republican. 

US corporations take note because conservatives are the people who buy your products and services. 

 

Read more: Note to Business Owners: Conservatives Control the Purse Strings in America – Purchasing 60% of All Products and Services

 

64 SAN FRANCISCO RESTAURANTS SHUT DOWN SINCE MINIMUM WAGE HIKE LAST YEAR

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( Dailywire ) If you’re a leftist in San Francisco or Oakland, California (highly likely), you probably cheered as the city implemented a minimum wage hike last summer raising the wage to $13 an hour, soon to be $14 an hour this July 1, and $15 an hour on July 1, 2018.

…In the winter of 2016-17, 64 restaurants around the Bay Area have closed. And these weren’t your garden-variety restaurants that were parts of national chains; they closed all over the area, from Berkeley to Hayes Valley to Oakland to the Embarcadero to Inner Richmond to the Marina to the financial district.

But that possibility didn’t matter to the groups fighting for a wage hike, including “Fight for 15,” which stated, “We’re robbed on the job by our employers looking to cut corners. And it’s not like our employers are struggling — these are multi-billion dollar corporations.”

In April, the Harvard Business School, released a study that examined restaurants in the San Francisco Bay Area between 2008 and 2016 titled, “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit.”  The study posited that a $1 increase in the minimum wage led to a roughly 14% increase in the likelihood of a median 3.5 star restaurant closing. The study concluded that over the next two years, San Francisco’s restaurant industry would shrink, meaning the workers would lose jobs.

 

Read more: Surprise, San Francisco Restaurant Workers! Minimum Wage Hike Is Killing Restaurants By The Dozens

WOW! US UNEMPLOYMENT CLAIMS LOWEST SINCE 1988, LOWEST IN 28 YEARS

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WOW! US Unemployment Claims in April at Lowest Level since 1988,  lowest level in 28 years. Only 1.9 million Americans received  unemployment insurance benefits at the end of April.

Another thing:  Averaging over the past four weeks, total unemployment benefit claims are running at the lowest rate since 1974, despite the workforce being 75 percent bigger.

 

The Washington Examiner reported:

The end of April saw the fewer workers getting unemployment benefits than anytime in the last 28 years, the Department of Labor reported Thursday in a sign of the labor market’s increasing health.

Just 1.9 million people received unemployment insurance benefits at the end of the month, the fewest since 1988. Benefits are available for up to 26 weeks in most states.

Even more engouraging: Averaging over the past four weeks, total unemployment benefit claims are running at the lowest rate since 1974, despite the workforce being 75 percent bigger.

Thursday’s report also showed new jobless claims dropping to 236,000 in the first week of May, an extremely low level.

 

TRUMP TO CUT CORPORATE TAX RATE TO 15%

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Trump To Order Corporate Tax Rate Cut To 15%,

Trump has ordered his White House aides to accelerate his tax plan, the WSJ writes, “slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit” which means that without an offsetting source of revenue, Trump is about to unleash up to $2 trillion in extra debt, a proposal which will face fierce pushback from conservatives as it appears to be a continuation of the status quo under the Obama administration, and may well be DOA.

Read full article: Trump To Order Corporate Tax Rate Cut To 15%, Loading Up To $2 Trillion In Extra Debt