5 Actual 'Facts' About Tax Reform
Yesterday�s announcement regarding the White House plan on tax reform was a little short
on details.
We�ll fill in a few of the gaps in this note � not about what the plan should be,
but the numbers behind what it has to deliver. The most important point: corporate tax reform
is much easier to accomplish than anything else because these receipts account for less
than 10% of Federal government revenue. That�s a notional positive for equity markets.
A more troubling point: CBO baseline expectations for Individual Income Tax receipts over the
next 10 years are for +5% (good luck finding a revenue neutral tax reform plan).
Also in the �Fact mix�: total taxes as a percent of GDP are remarkably sticky over
time and the CBO projects widening deficits over the long term even under their rosy scenario.
Bottom line: investors want to see corporate tax reform (including repatriation relief)
succeed. Individual tax reform is a �Nice to have� but negotiations there could derail
the corporate side.
�You are what your record says you are.� Bill Parcells
Yesterday�s announcement on tax reform was a bit of a miss from the perspective of market
expectations. It was strong on conviction (kudos to Steve Mnuchin and Gary Cohn there),
but weak on details. In truth, this is a complex topic. As the Treasury Secretary rightly observed,
US tax code is byzantine in the extreme.
At the same time, there are some simple numbers that can illuminate the contours of the debate.
That Parcells quote at the top will guide us in this note. The record � how the US
government actually raises revenues � speaks for itself.
Fact #1: Corporate income taxes are NOT a primary driver of Federal government revenues.
That�s good news for equity markets, since corporate tax reform sits at the top of their
Trump-onomics wish list.
The Congressional Budget Office data shows that last fiscal year (2016), the US government
received $300 billion from this source. Total receipts were $3,267 billion, making the percentage
of inflows from domestic companies only 9.2%. Expected revenues this year total $320 billion
against total revenues of $3,404 billion (9.4%). The percent of total Federal revenues from
corporate income tax has not been over 15% since 1978 according to CBO data. The highwater
mark since 1980 was 14.7% in 2006. The fact that corporate income taxes is a
relatively small portion of the Federal revenue stream makes it easier to adjust these rates
and maintain a neutral long term forecast for the budget deficit. Moreover, a lower
repatriation tax on the estimated +$2 trillion of offshore corporate cash could go a long
way to filling the hole left by lower ongoing statutory rates.
All this is good news for equity markets, and I suspect one reason US stocks have been
remarkably patient with the debate in Washington over tax reforms stems from the simple calculus
I have laid out here. This piece is not that hard.
Fact #2: Where things get sticky is in the CBO�s �Baseline Budget Projections�
for future �Individual Income Taxes� and �Payroll Taxes�.
The CBO�s baseline expectations are that Individual Income Taxes will increase by a
compounded annual growth rate of 5.1% over the next decade. The exact numbers (from the
January 2017 CBO worksheets): $1,651 billion in 2017(e) to $2,714 billion in 2027. Given
that US population growth is less than 1% and wage growth is most likely no better than
2-3%, this is a tall ask. Expectations for increases in receipts from
�Payroll taxes� (withheld income taxes, Social Security and Medicare) run 3.6% annually
over the next decade. The same caveats as the prior point apply here.
Worth noting: CBO Baseline Budget Projections assume no recession in the next 10 years.
And even then, they expect the percentage of �Debt held by the public� to rise from
77.0% to 88.9% by 2027 because of annual revenue shortfalls relative to government outlays.
This is what makes the tax debate so difficult - any proposed changes to the tax code have
to be revenue neutral so as not to increase what is already expected to be a growing deficit.
Not only does the lawmaking process essentially require that (unless Democratic senators cross
party lines) but the right wing of the Republican Party tends to be deficit hawks. There simply
isn�t much room here. Fact #3: The relationship between Federal
revenues from taxes and GDP is remarkably stable, and we are currently running close
to the long run average.
Over the last 50 years, the average of Federal tax revenues as a percent of GDP has been
17.4%; last year (2016 Fiscal) the percentage was 17.8%, well within the 1.1 point standard
deviation of the last 5 decades. Since 1967 the all-time high percentage was
20.0% (2000) and the low was 14.6% (2010 and 2011).
When you consider all the different tax regimes over the last 50 years, this is a remarkable
observation. Since the 1960s, for example, corporate taxes as a percentage of GDP have
fallen from 4.1% (1967) to 1.6% (2016). We�ve had numerous attempts to change tax codes
and rates over this timespan as well. And yet that 17-18% seems etched in stone.
Fact #4: The relationship between tax receipts/economic growth/equity market returns isn�t exactly
what you think.
During the 1970s, Individual and Payroll Taxes combined averaged 12.9% of GDP; during the
Reagan years this figure was much higher 14.3%. In other words, more tax revenue flowed to
the Federal government as a percent of economic output � not less. The 70s, of course, were
a period of parlous equity market returns and economic growth. The Reagan years were
much better, even with a greater percentage of taxes relative to economic growth.
There were actually 2 rounds of tax cuts in the 1980s, in 1981 and 1986. The first was
partially repealed 1982 when revenues declined as the result of recession, and there were
several tweaks in subsequent years. The Tax Reform Act of 1986 furthered the reduction
of individual taxes started in 1981, but was notionally revenue neutral because it reduced
various loopholes and increased corporate taxes.
The upshot is that tax reform can both increase revenues and economic growth, but the Reagan
experience shows this is not a one-and-done process. Even the Gipper had to backpedal
a little after the `1981 law passed, but eventually got his agenda across the goal line in 1986.
Fact #5 (Summary): When it comes to corporate earnings and cash utilization, and hence equity
market performance, getting corporate tax reform matters more than anything else. Moreover,
it is relatively simple because the numbers are smaller than Individual/Personal Tax reform.
And the results � greater business confidence driven by certainty on the topic and lower
tax rates � would be an unalloyed positive. Not to mention the onshoring of billions of
dollars currently captured offshore�.
But � and it�s a big �But� � corporate tax reform seems inextricably linked to individual
tax reform. Here, the story gets complicated. CBO baseline estimates look unrealistically
optimistic and dynamic scoring (taking into account the economic effects of tax code changes)
is not exactly a science. Or an art� Even a tax plan crafted by an omniscient and caring
Deity could fail CBO scoring, let alone one created by well-meaning bureaucrats.
In the end, Coach Parcells remains our guiding light on the issue of tax reform. The record
is clear: lower taxes and simpler tax codes help economic growth. They are not, however,
the only driver and other issues like Fed policy and business cycles can hijack the
market�s attention (as it did in 1981). We�ve argued recently that �Trump Trade
1.0� is over (post-election �hope� bump) and Version 2.0 (actual results) is not yet
here. Nothing about the tax reform initiative makes me feel confident that we�ll be downloading
a new market narrative any time soon.
For more infomation >> 5 Actual 'Facts' About Tax Reform - politics - Duration: 9:59.-------------------------------------------
The UNITED STATES is about to launch a new patrol in THE SOUTH CHINA SEA - Duration: 4:54.
For more infomation >> The UNITED STATES is about to launch a new patrol in THE SOUTH CHINA SEA - Duration: 4:54. -------------------------------------------
বোটানিক্যাল গার্ডেনে সবার সামনেই চলছে সেক্স MY GAME IN GAME - Duration: 3:53.
মেয়েটি যেভাবে পতিতা হতে বাধ্য হলো
-------------------------------------------
Former student speaks about inappropriate contact with fired administrator - Duration: 1:47.
HE SAYS SCHOOL LEADERS KNEW AS
WELL.
THIS APARTMENT BUILDING IN
LOWELL HAS ANDREW NIKONCHUK'S
NAME AT THE FRONT DOOR
THIS IS WHERE A FORMER STUDENT
AT CATHOLIC CENTRAL HIGH SAYS
NIKONCHUK REPEATEDLY INVITED HIM
AND HIS CLASSMATES TO VISIT.
>> EVERYBODY WAS SMOKING
MARIJUANA THERE.
DAVID: THE FORMER STUDENT, WHOSE
IDENTITY WE'VE AGREED TO
PROTECT, SAYS HE PROVIDED
MARIJUANA AND ALCOHOL.
>> IT WAS KIND OF STRANGE BUT IT
WAS COOL TO HANG OUT WITH HIM.
DAVID: NOW HIS MID-20'S, THIS
MAN ALSO SAYS HE KNOWS ANOTHER
FORMER STUDENT WHO RECENTLY TOLD
THE SCHOOL THAT NIKONCHUK
DRUGGED AND RAPED HIM IN 2006.
>> HE CAME FORWARD TO HIS
FRIENDS ABOUT A YEAR AGO ABOUT
IT.
DAVID: ACCORDING TO THE EMAIL
SENT TO PARENTS, TWO OTHER
UNNAMED FACULTY MEMBERS AT
CENTRAL CATHOLIC HAVE BEEN
PLACED ON ADMINISTRATIVE LEAVE.
ONE ALLEGEDLY POSTED
COMPROMISING PHOTOS OF HIMSELF
ON AN ADULTS-ONLY, PASSWORD
PROTECTED SITE.
THE OTHER ALLEGEDLY, SENT
INAPPROPRIATE MESSAGE THROUGH A
SOCIAL MEDIA TO A FORMER
STUDENT.
>> YOU EXPECT PEOPLE AT THE HIGH
SCHOOL TO BE BETTER THAN THAT.
DAVI THE FORMER STUDENT SAYS
SCHOOL ADMINISTRATORS FIRST
LEARNED ABOUT NIKONCHUCK'S
HANGING OUT WITH STUDENTS AT
LEAST SIX YEARS AGO, BUT SAYS
THEY DID NOT DO ENOUGH TO STOP
HIM.
>> ALL IT TAKES IS ONE STORY
FROM ONE STUDENT TO HAVE ALL
THESE OTHER THINGS,.
-- THINGS CO UP.
DAVID: THE SCHOOL DID NOT
RESPOND TO A REQUEST FOR COMMENT
TODAY.
ANDREW NKONCHUK IS NOT
-------------------------------------------
Garner residents losing their homes, but confused about when - Duration: 0:56.
EFFECTIVELY HAVE NOT SAID
WHAT CHARGES THEY WILL FACE.
LIFE NORTH CAROLINA.
A MEETING WAS HELD TONIGHT
TO HELP PEOPLE WHO ARE IN
DANGER OF LOSING THEIR HOMES.
THE FOURTH HILLS APARTMENTS IS
NO LONGER ACCEPTING SECTION 8
BENEFITS.
THOSE FAMILIES WERE TOLD THEY
HAD UNTIL JUNE 15 TO MOVE OUT,
THIS WEEK THEY SAID THEY
RECEIVED A LETTER FROM THE NEW
OWNER TELLING THEM THEY HAD TO
BE OUT BY THE END OF THE MONTH.
COUNTY COMMISSIONERS A THEY
HAVE SPOKE WITH THE OWNERS BUT
THE DEADLINE STANDS. WE ARE
PANICKING BECAUSE THIS IS, YOU
HAVE A HOME ONE MINUTE AND THEN
YOU DON'T.
WE DON'T KNOW IF WE HAVE A HOME
OR NOT.
ALL OF HIS INSPIRATION AND LOVE
THAT CAME OUT TONIGHT IS
OVERWHELMING.
WE ARE WORKING TO DO WHAT WE
CAN TO EXTEND THE TIMELINE AS
MUCH AS POSSIBLE.
THERE IS A LOT OF THIS
COMMUNICATION, MISCOMMUNICATION
AND CONFUSION.
-------------------------------------------
Still Confused About Trump's 1 Page Tax Plan Goldman Explains It All - Duration: 18:26.
Still Confused About Trump's 1-Page Tax Plan Goldman Explains It All
by Tyler Durden
Since at its core, yesterday's 1-page "tax plan" was a Goldman creation - and was presented
to the world by two former Goldman employees - who better to explain what Trump had in
mind than Goldman Sachs itself, which it did overnight in a far lengthier note from its
chief Washington analyst Alec Phillips.
Here is Goldman with an elaboration of the handful of bullet points contained on the
much anticipated one page, extending it by nearly 600% to some 6 pages of details.
Perhaps it would be prudent to just have Alec Phillips present the next iteration of Trump's
tax plan: after all he , together with Jan Hatzius, appears to be the man behind it.
From Goldman
Q&A on the President�s Tax Reform Plan
The White House announced a slightly revised set of principles for tax reform, which appear
to incrementally reduce the size of the proposed tax cut compared with the President�s campaign
proposal, and eliminate a few of the differences between the campaign plan and the House Republican
blueprint on tax reform.
That said, the White House proposal is still likely to reduce tax receipts by substantially
more than the House proposal would.
While the White House appears likely to rely on optimistic growth assumptions to offset
most of the fiscal effects of the proposed tax cut, Congress will not be able to do so
and must decide whether to pursue revenue-neutral tax reform or an explicit tax cut.
While no decision is imminent, today�s announcement and indications of openness to a tax cut among
congressional Republicans suggest that a tax cut is more likely than revenue-neutral reform.
We expect a long road ahead for tax legislation.
While we believe there is a good chance that tax legislation becomes law�in fact, market
participants might be underrating the odds of tax cuts, a change from earlier this year�there
may be few concrete legislative actions on tax legislation over the next couple of months
for markets to react to.
Q: What did the White House announce?
Treasury Secretary Steven Mnuchin and White House National Economic Council Director Gary
Cohn briefed the press today (April 26) on the direction that the President will take
on tax reform this year.
They provided little detail, and what detail was provided was mostly similar to President
Trump�s campaign proposal.
That said, there were some policy changes compared with the campaign proposal that provide
clues about the direction the White House might take the debate.
In addition, the Administration�s thinking on the fiscal impact of the tax cut is at
least slightly clearer.
Q: What has changed compared with the last tax proposal?
The proposal appears to have changed in four areas compared with the campaign proposal:
A smaller tax cut for top income earners: The White House proposal would lower the top
marginal tax rate for individuals from 39.6% to 35%, rather than the 33% proposed in the
campaign.
A smaller tax cut for middle-income individuals: The proposal now calls for a standard deduction
of $24k for couples rather than $30k.
This is still roughly twice as much as the current standard deduction and is identical
to the House Republican proposal.
Repeal of the state and local tax deduction: The Trump campaign proposal was unclear about
which, if any, individual tax deductions might be eliminated, but the current White House
proposal is more specific; the deduction for state and local taxes would be eliminated,
while the deductions for mortgage interest, charitable contributions, and retirement savings
would be maintained.
A territorial tax system for business income: The campaign proposal would have repealed
the deferral of tax on income earned by foreign subsidiaries of US companies, and would have
instead taxed those earnings at 15% minus foreign tax credits, amounting to what would
effectively be a 15% minimum tax on foreign earnings.
Instead, the revised White House plan would adopt a territorial tax system, which exempts
foreign earnings from US tax.
In addition to the explicit changes compared to the campaign proposal, today�s announcement
was also noteworthy for two conspicuous omissions.
No border adjustment: The plan does not endorse the border adjusted tax (BAT) that makes up
part of the destination-based cash flow tax (DBCFT) system in the House Republican blueprint.
In comments earlier in the day, Treasury Secretary Mnuchin indicated that the White House did
not support the BAT in its current form, though he suggested that revisions might be considered.
In light of substantial opposition to the BAT in the Senate, it would have been very
surprising to see the White House endorse the proposal.
That said, today�s announcement did not include an outright rejection of the proposal
either.
No mention of interest deductibility or capex expensing: The Trump campaign proposal would
have allowed businesses the option of full expensing of capital investment in return
for non-deductibility of interest expense.
However, today�s outline is silent on this question.
This is notable since many observers assume that the White House does not support the
mandatory shift to full expensing of capex and non-deductibility of interest included
in the House Republican blueprint.
Exhibit 1: The latest White House plan includes some new elements
Q: What effect would these revisions have on the size of the proposed tax cut?
Overall, we figure that the changes the White House has announced would shrink the size
of the proposed tax cut by more than $1 trillion over ten years compared with the prior version:
A standard deduction of $24k for couples costs about $300bn less over ten years than the
$30k standard deduction proposed in the campaign; A 35% instead of 33% top marginal rate for
individuals probably reduces the cost of the proposal by around $400bn over 10 years;
Repeal of the state and local tax deduction would raise around $800bn in tax revenue;
and The shift to a territorial tax system would
reduce corporate tax receipts by $200bn to $300bn more over ten years than the prior
proposal.
With these changes, we expect that the overall cost of the tax plan would decline from the
roughly $6 trillion cost over ten years previously estimated by the Tax Policy Center (TPC) to
just under $5 trillion.
As noted above, it is unclear how the proposal would treat capital investment and interest
expense, but if the proposal omitted any changes in this area, it would shrink the cost of
the proposal over the next ten years by another $1.3 trillion to around $3.7 trillion, based
on TPC estimates.
Q: Where does this put the proposal in comparison with the House and Senate?
It brings the White House proposal closer to where Congress is likely to be on most
issues, but the rate cuts on corporate and business income are still greater than we
think Congress will support.
On the individual side, we believe that a 35% top marginal rate is more likely than
the 33% rate that House Republicans have proposed, given fiscal constraints and the fact that
a 35% rate would be a natural place to settle, as it was also the top rate prior to 2013.
The White House�s proposed $24k standard deduction and elimination of the state and
local deduction bring it into line with the House Republican blueprint.
While we are skeptical that the state and local tax deduction will be repealed entirely,
we note that the House, Senate, and White House now all appear to be focused on limiting
this benefit, suggesting that at least a limitation is becoming more likely.
On the corporate side, the inclusion of the territorial system for corporate income in
the White House plan brings it in line with the House proposal as well as the position
that we expect the Senate to take.
However, the 15% rate that the White House proposes on corporate and pass-through business
income is lower than the 20% and 25% rates, respectively, that the House proposes or that
the Senate is likely to agree to.
Ultimately, we expect that Congress will cut the corporate rate to perhaps 25%, and we
would expect the tax rate on small business to be higher�quite possibly still aligned
with the top individual tax rate.
Q: What have we learned about how the tax cut might be paid for?
Secretary Mnuchin has stated that the tax proposal would be offset through a combination
of growth and various base broadening measures.
We expect this to be outlined in more detail by May, when the President submits a formal
budget to Congress for fiscal year 2018, including projections of revenues and deficits over
the next ten years.
Our preliminary expectation is that the White House will assume that the majority of the
fiscal effect of the tax cut would be offset through a projection of faster GDP growth.
For example, if the White House assumes a 3% growth rate over the next ten years, rather
than the 1.8% average rate that CBO assumes, this would increase revenues by roughly $3.7
trillion over the ten- year period.
We note that the fiscal benefits of a higher trend growth forecast are very backloaded;
over half of the total revenue gain over the ten-year period would come in the final three
years, so the projected deficit over the next several years would expand as a result of
the tax cut, regardless of what growth assumptions one makes.
White House growth projections would have little direct effect on the legislative process
in Congress, whereas the Joint Committee on Taxation (JCT) will use growth projections
provided by the CBO as a starting point for analysis and is likely to make much more conservative
estimates of the effect that tax legislation is likely to have on growth.
That said, optimistic White House growth assumptions might help build political support in Congress
for the eventual legislation.
With apparent support for an explicit tax cut from key Republicans like Senate Finance
Committee Chairman Orrin Hatch (R-UT), momentum for a tax cut rather than revenue-neutral
reform appears to be growing.
Q: Won�t Senate rules make it difficult to pass a tax cut that is not paid for?
Rules regarding the �reconciliation� process make it more difficult to pass a tax cut than
to pass revenue-neutral tax reform, but we expect lawmakers to get around these obstacles.
Republican leaders have made clear their intent to use the reconciliation process to pass
tax legislation, since this allows the Republican majority to circumvent likely Democratic opposition
in the Senate.
However, the �Byrd Rule� in the Senate prohibits reconciliation legislation from
increasing the deficit after the period covered by the budget resolution that governs the
process, which traditionally lasts for ten years.
The most obvious way that congressional Republicans might get around this constraint is simply
to allow the tax cuts to expire after ten years (i.e., by 2027).
This was done in 2001 when the Bush Administration passed a large individual tax cut.
However, two reasonable objections to this have been raised.
First, structural reforms to the tax code could do more harm than good if they were
made temporary.
That said, a simple tax cut (for example, dropping the corporate rate from 35% to 25%)
would not be as difficult to implement on a temporary basis, particularly since we expect
that there would be a widespread belief that such a tax cut would be extended or made permanent
before it expires, just as the 2001 tax cuts were for the most part.
A second, more technical, objection has also received some attention recently.
The JCT has indicated that the revenue loss associated with a temporary tax cut would
continue several years after it expired, because companies might postpone their use of certain
tax benefits until after rates have risen and might pull forward income that would otherwise
be recognized later.
The JCT estimates imply that allowing a 20% corporate tax cut to expire after nine years
would result roughly a $90bn revenue loss in the second decade, which would violate
the Byrd Rule.
However, this would become a much less important consideration if a corporate tax cut were
considered as part of a larger package that also included some permanent provisions that
raised revenue, considering that the House and White House proposals would already raise
hundreds of billions of revenue through base broadening in the second decade, even excluding
the effects of controversial proposals like border adjustment.
Q: Now that the White House has made its proposal, what happens next?
There are four important milestones coming up over the next few months:
The President�s Budget: The White House is expected to submit its budget proposal
to Congress in mid-May.
We would expect this to include some additional detail regarding tax legislation�at a minimum,
it is likely to include more specifics regarding the potential effect on revenues and the deficit�as
well as an a general indication of the scale of its infrastructure plan.
The final disposition of the health bill: House Republicans look likely to make another
attempt at passing the American Health Care Act (AHCA), after announcing modifications
intended to satisfy the conservative and centrist Republicans who signaled they would oppose
the prior version.
However, the announced revisions appear likely to increase support among conservative Republican
lawmakers but they do not appear to have shifted the views of centrist Republicans nearly as
much.
As of this writing, consideration of the revised health bill within the next week or so appears
possible but not likely unless it becomes clear there will be adequate support.
Even if health legislation passes in the House, we do not expect a majority of the Senate
to support the House version, and developing a bill that can pass the Senate is likely
to take several weeks, at least.
The upshot is that Republican leaders will soon need to decide whether they can pass
a health bill in the House, or officially postpone consideration and move on to other
issues, since the budget and tax process cannot move forward until they do.
The congressional budget resolution for FY2018: At the start of the year, Congress passed
a budget resolution for FY2017, which served the sole purpose of providing instructions
to the committees with jurisdiction over the Affordable Care Act (ACA) to pass health legislation
using the reconciliation process.
It was expected that a second resolution for FY2018 would then be passed once health legislation
had been enacted, in order to provide instructions for passage of tax reform legislation.
With health legislation in legislative limbo, it is unclear whether Republican leaders will
pass a second budget resolution this year.
However, since the instructions under the FY2017 resolution called for legislation that
was roughly budget-neutral, the only way Congress can pass a meaningful tax cut would be to
win bipartisan support, which seems unlikely at the moment, or to pass a new budget resolution
that explicitly instructs the tax-writing committees to cut taxes.
Draft tax legislation released: It is difficult to predict when tax legislation might be made
public in the House or the Senate, but our expectation is no earlier than June and possibly
not until July.
In the near term, we expect the tax-writing committees, particularly the House Ways and
Means Committee, to hold hearings examining some of the key issues in its proposal, like
the border-adjusted tax.
Once the procedural groundwork for a committee vote has been laid, by passing a new budget
resolution or re-using the instructions intended for the health bill, the committee is likely
to release its proposal to the public and pass it quickly.
In the Senate, the timing is even more fluid; we expect more detail from the Senate Finance
Committee over the next couple of months regarding its likely approach for tax reform legislation,
but a formal proposal appears to be a ways off.
The extended timeline for even releasing a draft proposal suggests that while the House
could vote on tax legislation in committee before August, a vote on the House floor is
less certain, and Senate passage before August looks very unlikely.
This suggests that tax legislation is unlikely to become law before Q4 2017.
While enactment shortly before year-end is a clear possibility, we believe it is more
likely to become law in Q1 2018.
We continue to believe that tax legislation is fairly likely to become law.
In fact, market sentiment regarding fiscal policy might have become too negative.
This is a substantial shift from the start of the year, when sentiment among market participants
took a much more positive view regarding the potential for major policy changes.
However, we expect the process to continue slowly over the next couple of months, and
without any clear signs of progress financial markets are apt to take a wait and see attitude
toward tax reform.
-------------------------------------------
10 Cool || Facts about Chandigarh || Which Probably you don't know. - Duration: 1:31.
For more infomation >> 10 Cool || Facts about Chandigarh || Which Probably you don't know. - Duration: 1:31. -------------------------------------------
MSNBC's Joe Scarborough Rages At 'Snotty', 'Rude' Mika For Comment About President Trump - Duration: 2:30.
MSNBC's Joe Scarborough Rages At 'Snotty', 'Rude' Mika For Comment About President
Trump
MSNBC's 'Republican' Joe Scarborough got into a dramatic spat his his co-anchor
Mika Brzezinski.
Scarborough started by talking about how President Trump trusts Ivanka in the way John F. Kennedy
trusted Bobby Kennedy.
Things suddenly got heated when Mika interrupted.
"As it was when my hero — my political hero was appointed attorney general for his
brother, and Republicans didn't like that back then.
I think if you looked at Bobby Kenendy's record, some good things came out of that.
And no —" started Scarborough.
"So you're comparing Ivanka Trump to Bobby Kennedy?"
interrupted Mika.
Suddenly Joe Scarborough went off on her like they were having relationship issues.
"You don't have to be so snotty.
I was about to say, you didn't let me get it out," said Scarborough.
"I was curious," said Mika.
"You don't have to be so rude.
The fact of the matter is that they are not Bobby Kennedy as I was about to say but you
wanted to get your cheap shot in so you got your cheap shot in.
No, I am not saying Jared and Ivanka are Bobby Kennedy.
Bobby Kennedy did a lot of things before he became attorney general of the United States
of America," said Scarborough.
"But, I am saying just like when John Kennedy had a question, he called the one person he
could trust in the world, Bobby Kennedy to come into the Oval Office and they sat there
and talked.
When Donald Trump needs to talk to somebody, he talks to these two people.
You may like it.
You may not like it.
But as Willie said, that's the reality," said Scarborough.
Harsh.
Check out the video below.
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BAP Party Baby! Concert in Dallas [EXPERIENCE] - Duration: 12:26.
- Hey guys! It's Angie here. - And Vee.
Today is April 14th 2017. And where are we going, Vee?
We're going to Dallas. What for?
B.A.P.'s Party Baby! - Yes~
My bias is Bang Yongguk because he's a passionate leader, and he's just.. so charming.
Daehyun. He's a really good singer, and he's the reason why I got into B.A.P. in the first place.. because he's a good singer, you know?
I'd have to say Zelo's performance
Because he's a rapper and now he's singing, and I just think that's cool. And I wanna hear it.
(We were there super early! *dies waiting*)
(*thump thump* *thump thump*)
5! 4! 3! 2! 1!
ASDFGHJKLQWOP!!
*sigh*
Knowing that they were real, that they actually exist and are standing in front of us..
I just couldn't help myself.
The End *tear*
It was actually.. it seemed so short to me because everything was just like so interesting.
Like, because we were new to Dallas, and it was our first time going to Dallas anyways.
And um..
We just didn't know what to expect and so everything was like really interesting.
We were just like looking around and seeing like other BABYZ walking around
With their, like signs or like um.. with like other merches and just passing out papers and
Everything, it was like cool.
And so, it didn't seem like I waited like for.. how many hours? It was like 5 hours I think.
Yeah, it didn't seem like it was 5 hours.
The wait wasn't that bad. It was um.. I think.. about 5 hours?
But it didn't feel like 5 hours.............
I guess...
I was like probably the happiest.. That's like my happiest moment out of the concert, seriously.
It was YES. (as if that tells anything lol)
The DJ was so cool and I um..
After the concert, I immediately looked him up, and I saw that he, you know, he was the one who did the remix stuff with Yongguk.
And--the song. The song that they remixed for the concert.
And he was so cool the way that he just like BLEW UP the entire stage before B.A.P. even came out.
Yes, next concert we're gonna try to get P1 tickets, try to get the hi-touch if they have it again.
OMG, no! We didn't sing "Happy Birthday" during the concert. I was so mad, for Himchan.
And, but then I heard that they did sing "Happy Birthday" after everybody left, after the hi-touch, I think.
But yeah. It was so regretful that we didn't say during the concert.
I like fell in love with Zelo's solo.
His solo is like.. so sweet~ and it's so cute. He is like so precious.
Zelo's solo is so sweet and it's so awesome that he wrote it in English so that we could understand, you know? The international fans.
So yeah. That was our experience of B.A.P.'s Party Baby concert in Dallas 2017.
Um.. hopefully B.A.P. will come back to Dallas or somewhere close.
We would totally go. We would totally love to go to another B.A.P. concert, so.. B.A.P., please come back soon~
Yes, and the next country that they're going to.. hopefully the BABYz there will have a good time like how we did.
For now.. B.A.P. Fighting!~
-------------------------------------------
Ben Platt Opens Up About Playing Evan Hansen - Duration: 3:40.
BROADWAY'S TONY NOMINATIONS
WILL BE ANNOUNCED THIS TUESDAY
AND ALL SEASON THERE'S BEEN A
LOT OF BUZZ ABOUT THE MUSICAL
DEAR EVAN HANSON AND ABOUT THE
ACTOR WHO NAVIGATES THROUGH A
CONFLICT TEEN'S LIFE.
CBS 2'S DANA TYLER TALKS WITH
BEN PLATT ABOUT A STORY THAT
HAS FAMILIES TALKING, TOO.
♪[ MUSIC ]♪
Reporter: ACTOR BEN PLATT
KNOWS EVER HANSON STARS IN
PLAY.
HE WAS ASKED TO HELP BRING EVAN
TO LIFE.
TO CREATE A CHARACTER FROM
SCRATCH WITH THE WRITERS IN A
COLLABORATIVE EXPERIENCE IS A
GIFT.
YOU DREAM OF IT.
Reporter: THE SON OF A
SINGLE MOTHER IS AN INSECURE
HIGH SCHOOL SENIOR BOUNCING OFF
THE BAR RAN OF SOCIAL MEDIA.
-- BARRAGE OF SOCIAL MEDIA.
I WANTED TO DO MY BEST TO
MAKE EVAN AS SPECIFIC AS A
HUMAN BEING AS HE IS AND TO
MAKE HIM UNIVERSAL.
Reporter: EVAN IS FIDGETY,
AVOIDS EYE CONTACT, AND IS OPEN
TO LIVING A LIE.
SORT OF GET ON HIS SIDE AND
UNDERSTAND WHY HE IS DOING
THESE IMMORAL THINGS.
YOU HAVE TO UNDERSTAND HIS
INTENTIONS AND FEEL YOU KNOW
HIM OR ARE HIM IN SOME WAY.
Reporter: UNLIKE EVAN
HANSEN, BEN PLATT ENJOYED A
FULL AND BUSY CHILDHOOD.
BUT CERTAINLY GROWING UP
AND, YOU KNOW, NOT WANTING TO
PLAY SOCCER OR BASKETBALL BUT
RATHER WANTING TO PUT ON PETER
PAN BYMY SELF IN MAY BACKYARD
WITH MY BOOM BOX I CAN RELATE
TO BEING IN YOUR OWN WORLD.
Reporter: GOOD FOR YOU.
YOU OWN T HIS BREAKOUT MOVIE
ROLE WAS THE FIRST THE OVER
EAGER TEEN IN THE PITCH PERFECT
FILMS.
YOU'RE SO SPIRITED.
I JUST WANT TO PUT YOU IN A BOX
AND SAW YOU IN HALF.
Reporter: HE WILL ALWAYS BE
GRATEFUL FOR PITCH PERFECT BUT
HOPES FANS WHO SEE HIM AS EVAN
HANSEN BETTER UNDERSTAND THE
IMPACT OF LIVING ON A
TOUCHSCREEN.
THE GREAT THINGS THAT SOCIAL
MEDIA CAN PROVIDE AND TRYING TO
USE IT FOR THE RIGHT REASONS
AND -- AND -- AND GLEAN ORDER
IS OF THE POSITIVES FROM IT BUT
NEVER TO SEEK VALIDATION FROM
IT OR -- OR RELY TO DEEPLY ON
IT TO SORT OF PROVE MY WORTH OR
ANYONE ELSE'S WORTH.
Reporter: HE SAYS SHARING
THIS ON BROADWAY IS CATHARTIC.
EIGHT SHOWS A WEEK FOR SUCH A
DEMANDING VOCAL ROME.
YES, MA'AM.
♪[ MUSIC ]♪
I LOVE THIS PIECE SO MUCH
IT'S SO COMFORTABLE, IT'S NOW
JUST SORT OF A FIRE UNDER MY
BUTT TO CONTINUE TO GIVE THE
SAME AMOUNT OF SORT OF
INTENSITY AND -- AND -- AND
REALISM AND EMOTIONAL
SPECIFICITY AND JUST MAKING
SURE THAT IT STAYS AT THE SAME
QUALITY BECAUSE I WANT EVERYONE
TO HAVE THE SAME EXPERIENCE.
♪[ MUSIC ]♪
THE SWEAT DROPS AND TEARS
ROLL.
IT IS A ROLE YOU CAN SEE THAT
BEN NOT ONLY VIEWS AS AN
OPPORTUNITY BUT AS A
RESPONSIBILITY.
HE IS VERY, VERY PROUD OF WHAT
THE SHOW SAYS, WHAT IT LOOKS
LIKE, WHAT IT INSPIRES.
WE TALKED A LOT ABOUT
GENERATIONAL CONVERSATIONS THAT
COULD BE LIFE CHANGING.
A LOT OF TEENAGERS, THOUGH,
BECAUSE THEY MAY KNOW HIM,
OBVIOUSLY, FROM PITCH PERFECT
BUT ALSO THEY ARE CURIOUS ABOUT
THE BUZZ BECAUSE OF SOCIAL
MEDIA BUT THEN THEY SAY, MOM
AND DAD, YOU SHOULD COME OR
PARENTS COME AND SAY, KIDS, YOU
HAVE TO GO SEE THIS.
-------------------------------------------
Pippy Does Not Want To Talk About Feelings | Season 2 Ep. 22 | ROSEWOOD - Duration: 1:06.
Dia, can you scan the screens on hands and the shoes,
see if they left any trace DNA behind?
Dee?
Hmm?
Scan the-- um, what?
Dia, are you all right?
She's good.
She's fine.
We're great.
Are we now?
I can diagnose this one from experience.
Because this guy has fallen back
into the arms of an ex-lover or two, actually just one.
But the recognition of the physical flames,
lomo caliente, which translates--
- Hot loins. - Yeah.
No, which we do not have.
It was probably just an argument.
It happens.
If either of you wants to talk, I'm--
I'm here.
No.
[chuckles] No talking.
But the clock is ticking on this case.
Right, Rosie?
Yes, yes, the clock is ticking.
Let's get started. [music]
(SINGING) What?
Who?
Yeah!
What is good?
-------------------------------------------
Michelle Obama Went NUTS After Melania's Announcement About First Family's VACATIONS, You'll Cheer - Duration: 2:44.
Michelle Obama Went NUTS After Melania's Announcement About First Family's VACATIONS,
You'll Cheer
Americans are now seeing the HUGE contrast between Michelle Obama and Melania Trump.
It's not just about style but rather about family care and class.
Melania is a genuine Christian.
At the point when Melania Trump refered to the Lord's Prayer at the opening of a Trump
rally in Florida, religion will be front and first in the White House.
Melania has additionally chosen not to WASTE citizens with any overindulging and pampered
stream setting get-aways like the previous First Lady Obama did.
While the Trump's are in the White House and the First Family, they will fund THEIR
own vacations.
People, did you read that?
Let me says it once more… the Trump family will fund THEIR own vacations.
We as a whole know how Michelle is presently notable by Americans as the 'Vacationer-in-Chief.'
Melania has promised to keep her own staff to a base, and will just contract the same
number of staff members as are significant to her occupation as First Lady.
THIS IS JUST AMAZING, TOO GOOD TO BE TRUE!
"I think that Melania's going to be outstanding," President Trump said of his wife.
How about we include that President Trump's taking just $1/year rather than a $400,000/year
salary.
The First Family will likewise finance their very own vacations.
That is as of now a HUGE measure of dollars and funds for the persevering, taxpaying Americans
and that is simply looking at Trump's pay and travel.
The Trump First Family is specifically controlling waste and spending which is a little begin
towards paying off the robust shortage that Obama left – near a $20 TRILLION debt for
America.
What do you think about this?
Do not hesitate and write your thoughts in the comments section below.
Share the truth, be patriots!
Thank you for reading.
-------------------------------------------
BREAKING Hawaii Official Drops Bombshell About Obama's "Birth Certificate" - News - Duration: 2:09.
For more infomation >> BREAKING Hawaii Official Drops Bombshell About Obama's "Birth Certificate" - News - Duration: 2:09. -------------------------------------------
Video: Carrick Talks Money: Here's the good news about the housing market right now - Duration: 1:43.
There's been a lot of negativity about the
housing market in Canada lately. A lot of
concern that we have a bubble in some
cities where there are soaring
real estate prices.
Now for a bit of good news
for home buyers and home owners and
that is stable mortgage rates.
We were starting to see pressure build for a
mortgage rate increase and it's evaporated.
And that means we can – we should –
expect to see stable to mortgage
rates for the near future. You know it
was just last year, late last year, about
November, we saw fixed-rate mortgages
creep up a little bit and that was
because of rising interest rates in the
bond market. Now the bond market sets the
trend for fixed-rate mortgages. And also
some expectations that the Trump
government in the United States was
going to stimulate economic growth and
possibly get inflation rolling again.
So rates increased a little bit late last
year and the same momentum was starting
to build in mid-March and you know what?
It is completely gone now. Here we are in
late April looking ahead to the busy
spring mortgage season and we should
have stable rates. Now I don't want
buyers to get too complacent. If you're
buying a house today and you've got a great
mortgage rate I want you to model out
what the impact would be on your
household cash flow if rates were a full
percentage point higher.
How would you afford that? Map it out now
so you're all ready in case you have to
renew at a future date at higher rates.
And I also encourage people to go out
there and get a rate hold when you're
looking for a house. Could be 60, 90, 120 days.
Ask what your lender offers. Lock it down.
Call it a just-in-case move to protect yourself.
-------------------------------------------
Overtraining - Myth or reality? (Everything you need to know about overtraining) - Duration: 2:36.
For more infomation >> Overtraining - Myth or reality? (Everything you need to know about overtraining) - Duration: 2:36. -------------------------------------------
Fun & Interactive Reading Lesson 📚 ...about CHEETAHS! - Duration: 4:30.
Welcome to our global classroom!
Today, we're going to practice...
Reading is a skill that helps build your vocabulary.
So it's very important that you READ.
Really?
Really!
REALLY?
REALLY!
Do you think it's true?
Yes, I'm afraid it's true.
This activity is very simple.
We're going to give you a text to read
and once you finish reading it
we're going to give you some questions.
Today's reading is about the CHEETAH.
This is a reading comprehension activity.
This text is at an intermediate to advanced level.
So there may be some vocabulary words that you don't know.
But that's okay.
Try to understand the meaning of the words from the context.
You will have one minute to read the text.
And the text is going to scroll across the screen.
So let's see an example.
Did you think that was fast?
The text was moving just a little slower
than the reading speed of the average native English speaker.
Therefore, it may be challenging.
But this really helps improve your reading.
Don't worry if you don't get all of it.
Just try to remember as much information as you can.
What if I don't?
I don't think that's going to be a problem.
If you don't remember, you can always
rewind the video, and read the text again.
Because the more you read, the more you will develop your English skills.
Once the text ends, there will be three interactive questions.
You'll have 20 seconds to CLICK ON THE ANSWER
that you think is correct.
If you get the correct answer, you will go on to the next question.
If the answer is incorrect, we'll give you a little help.
Are you ready?
I'm not sure.
Relax. Take a deep breath. And let's begin.
Now here's your question.
And remember you'll have 20 seconds
to click on the answer that you think is correct.
Great answer!
The text tells us that the cheetah
weighs between 21 - 72 kilograms.
Thanks for participating in this activity!
We hope that you found it challenging and useful.
If you did, please give this video a thumbs up.
And we also welcome any of your comments and feedback.
Finally, for additional English practice
you can follow us on social media.
We're active on Facebook, Twitter, Instagram, and Snapchat.
We'll see you next time!
-------------------------------------------
All About Closet Organizing & Personal Styling | Welcome to My Channel - Duration: 6:03.
Hello, everyone welcome back to my channel
My name is [Isa] and [I] am your personal style coach and closet organizer
[I]
wanted to kind of do an
introduction video to get so that I can get to know you guys and you get to know me a little bit better, so
Today, I just want to talk to you guys about how [I] got started as a closet organizer
Specialist in what truly my passion is and what I really wanted this whole thing to be
So obviously the name of my channel is Clothes Minded Interiors. I'm the owner of a business
I personally organize
closets of
normal people, who are just looking for [a] little bit of simplification?
I organize their closets and come up with a
more improved
Organizing system for the way that they store their clothes and their personal items
[but] more than that I also help develop
The system for my clients that really keeps them organized and also
Allows them to really develop their style and have a lot of great pieces in their wardrobe that
really makes their wardrobe work for them when they need [it] the most
Now what that means is...
We've all been in situations where we have a special event or we have a special date
we have...
businesses that we run or we're professionals in particular realms of our career. And you as a person
Really get three seconds they say to make an impression
There's no way you can really know everybody's personality right out the gate and
the way that you do that is through style and
for many people
Style can be the one thing that you don't realize can be holding you back from achieving your dreams in your business
from getting that promotion or snagging
that relationship that you really want to have or just really excelling you to the next level of your life and
Often times what I do
with my clients is I develop a several sets of tools that
Gives them the ability to shop purposely and include the right items in their wardrobe
So we always want to dress ourselves for where we want to be not necessarily where we are and even if you
haven't worked with a Stylist or a Closet Organizer Specialist
one thing to think about is
Where are you currently in your life?
Being aware of where you are and where you want to go really helps you
to truly ween out all those items in your wardrobe
that you really no longer need
a lot of times
We all have an attachment to things
it may it be for sentimental reasons, for memories
our wardrobe can sometimes become cluttered with those things
that we haven't quite let go of yet, and
Sometimes when you're doing a closet cleanse you really just need someone there
That you can trust and that's going to be really really honest and firm with you
That it's time to let it go
and that is really what I do
and a lot of times my clients
Really are hesitant to like go of things, but once they let go of those things
They don't miss them and when you're on that wavelength and when you're headed toward a new mission in a new goal
or life, you don't miss that stuff because that is the old you and
the new you have a whole new set of challenges and a whole new life of
different types of social engagements in different relationships and
One of the things that I often tell my clients is that your wardrobe should not only be streamlined and organized
But it should be well equipped
so on this channel
I will be talking to you and giving you advice and sharing my best tips and tools to
Really start that process if you're interested in learning how to really free yourself from items in your wardrobe
That you know you really need to get rid of or even just trying to figure out
Solutions for a closet that you currently have that is really not
Serving its purpose and the way that you really want it to at this point
Definitely subscribe here
And I would love to know your questions and the challenges that you're currently facing with your wardrobe or with your closet at this moment
Please don't be afraid to leave a note or a comment or question down below
I will definitely respond
And possibly do a video if you in mind
With that particular question being addressed or even a solution based
Video that will give you a little bit more step-by-step tools on those particular aspects
So I'm really excited to get to know all of you guys out there. I appreciate all the subscribers thus far
We're growing slowly...I'm really excited
to do more videos
I have tons of ideas
But I really do want [to] hear from you guys to know what it is that you're doing with your closet
I'm your personal style coach so you can utilize me here online
we have a virtual world here a lot of you that have clicked that subscribe button and
Decided to hang with me to really learn about how to organize your closet and develop your style
And I appreciate you for tuning in
Have a great one! Bye!
-------------------------------------------
what i think about the maid dragon dub - Duration: 0:18.
suicide is not a funny joke
and it really wants to make me kill myself right now
-------------------------------------------
What is League of Legends all about? - Duration: 4:41.
- Has anyone ever shown you any fragments from League of Legends?
Or have you come across some graphics from this production
that had in theory funny comment
but you still did not know what was going on?
This time I will briefly explain selected aspects of this popular game.
Hi! I am Ephrio. Welcome to my channel.
I publish here among others hopeless play or funny reactions with League of Legends.
- What a run. Woo… Woo…
- But why watch them when you do not know,
what do I want to say?
I will quickly present int this video what is this popular game all about.
Although millions of people play it,
many people seeing game fragments,
do not understand the context at all.
If you have friends
who are unfamiliar with what this game is about,
send them a link to this video
and after a few minutes you should be able to quickly understand each other.
How do you react on videos showing League of Legends play fragments?
My parents simply call it a "hack".
But you do not have to look far.
It is easy to find non-oriented people among your peers.
They can react like this:
[they are beating the sh*t out of each other and I don't know what is going on]
Let's focus on most popular game map - Summoners Rift.
Each such game round requires two teams per 5 players.
This team is defeated who surrenders
or the one that does not manage to save the huge crystal in its base (it is called Nexus).
The map is rectangular
and between the bases, you can move through jungle, river or 1 of 3 lanes.
The second team moves in the opposite direction.
It is not enough just to go to the opposite base.
On the way you have to destroy at at least one smaller crystal (called Inhibitor)
and at least all the turrets on this lane.
There is a lot of other aspects
like collecting gold, creatures, items, etc.
But what is a hot topic on the web
is playing of individual players.
Players are very emotional about both mistakes and masterful use of champions strengths.
Let's analyze it based on example.
Team fight is just started here.
Individual teams can be identified by color bars representing
the number of their health points.
Both teams chances seems to be rather equal until the moment
of one of the teams using crowd control effect.
Such crowd control effect is the ability of the champion
that in some way
limits the effectiveness of 1 or more opposing units.
This is rather clear
that effective use of character skills brings the team closer to the victory.
Some characters have skills
which are activated when you click on the target.
For many of them, however,
only the flight path of such skill is determined.
Such skillshot is usually more effective…
If you manage to hit anything...
Another example of situations that result in a lot of emotions
is tons of damage in very short time.
They may be due to the specific character of the champion,
already collected items
or low resistances of the target against any damage source.
Let's image
that your are preparing for the final battle a few,
dozen or even dozens of minutes,
you can still be taken off in a fraction of second.
Some react then with "Wow!"
but the others may be a little upset.
Let me know in the comments below whether you like this video.
Put down the comments what topic you want to see next.
I am reminding,
if you have friends
that do not know what is this game all about
send them a link to this video
and after a few minutes you should be able to quickly understand each other.
It would be enough.
Thanks for watching.
Bye!
-------------------------------------------
NASA Mankind is about to discover extraterrestrial life - Duration: 6:25.
NASA: �Mankind is about to discover extraterrestrial life�
This was stated by the spokesman of the National Aeronautics and Space Administration during
one of the last hearings of the Committee for Science, Space and Technology of the United
States.
Are you ready for disclosure?
Or are you expecting little microorganisms on a distant moon in our solar system?
There are many who claim that unofficially, mankind has already made contact with aliens,
and not just little microorganism floating around inside a massive alien ocean, but advanced
spacefaring civilizations.
Twenty-five years ago, we didn�t know that planets existed beyond our solar system.
Today, we have confirmed the existence of over 3,400 exoplanets that orbit other suns.
And we continue to make new discoveries.
Professor Thomas Zurbuchen, associate administrator of the Science Mission Directorate at NASA
headquarters in Washington, said our civilization is on the verge of discovering evidence of
alien life in the cosmos.
Taking in count all of the different activities and mission that are specifically searching
for evidence of alien life, we are on the verge of making one of the most profound,
unprecedented discoveries in history, said Zurbuchen during the hearing of the Committee
on American Science, Space and Technology.
At the hearing, professor Zurbuchen mentioned all of NASA�s recent achievements in their
quest for extraterrestrial life that support his claim.
�Two weeks ago NASA�s Cassini mission demonstrated the presence of hydrogen in Saturn�s
moon Enceladus, while the Hubble team announced the results of the second observation of the
oceans of Europa, one of the moons of Jupiter.
Both discoveries are potential evidence of life, �said the NASA spokesman, who also
highlighted the advances made in astrobiology.
�And while we have not yet found definitive signs of life elsewhere, our search is making
remarkable progress,� said Zurbuchen, who noted that NASA�s number of astrobiology
missions is on the rise.
�Mars 2020, our next explorer, and will continue to advance this quest by researching
a region on Mars where the ancient environment may have been favorable for microbial life.
The mission will also look for signs of past life and collect samples that will be brought
back to Earth, �said professor Zurbuchen.
Zurbuchen also pointed out that to prove the existence of extraterrestrial life requires
the cooperation of several scientific disciplines as a whole, such as biology, geology, astronomy,
planetary sciences, Earth sciences and many others.
The NASA Transition Authorization Act of 2017, which President Trump signed into law last
month, ensures continued American leadership in astrobiology and the search for life.
It establishes �the search for life�s origin, evolution, distribution, and future
in the universe� as a fundamental objective for NASA.
To accomplish this, the bill directs NASA and the National Academies to develop an exoplanet
exploration strategy and an astrobiology strategy.
While all of this is great news for space explorations and our hopes�officially�to
find alien life, there have been some seriously interesting quotes made in the past related
to alien life.
One of our favorite quotes comes from Dr. Brian O�Leary, a former NASA Astronaut,
and Princeton Physics Professor:
�There is abundant evidence that we are being contacted, that civilizations have been
monitoring us for a very long time.
That their appearance is bizarre from any type of traditional materialistic western
point of view.
That these visitors use the technologies of consciousness, they use toroids, they use
co-rotating magnetic disks for their propulsion systems, which seems to be a common denominator
of
the UFO phenomenon.�
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