*MORE! MORE! MORE! – Feds Collect Record Income and Payroll Taxes Through July:
The federal government collected record amounts of both individual income taxes and payroll taxes through the first ten months of fiscal 2017 (Oct. 1, 2016 through the end of July), according to the Monthly Treasury Statement. Through July, the federal government collected approximately $1,312,691,000,000 in individual income taxes. At the same time, it collected $976,278,000,000 in Social Security and other payroll taxes. Prior to this year, fiscal 2015 held the record for individual income tax collections through July. That year, the Treasury collected $1,309,431,860,000 (in constant 2017 dollars) in individual income taxes in the first ten months of the fiscal year.
*Iran May Quit Nuclear Deal in ‘Hours’ If New Sanctions Imposed
Iran is prepared to quit its nuclear deal with world powers “within hours” if new sanctions are imposed by the United States, Iranian President Hassan Rouhani
said Tuesday. “If America wants to go back to the experience (of imposing sanctions), Iran would certainly return in a short time–not a week or a month but within hours–to conditions more advanced than before the start of negotiations,” Rouhani said at live-broadcast session of parliament in Tehran. “The world has clearly seen that under Trump, America has ignored international agreements and, in addition to undermining the (nuclear deal), has broken its word on the Paris agreement and the Cuba accord… and that the United States is not a good partner or a reliable negotiator.”
*North Korea Walks Back Guam Threats
North Korean leader Kim Jong Un
has dialed back threats to launch missiles at the U.S. territory of Guam, announcing earlyTuesday
that Pyongyang will hold off on taking any action for the time being. In remarks published by Pyongyang’s state media, however, Kim warned that he could still carry through with the plans at any moment “if the Yankees persist in their extremely dangerous reckless actions,” The Wall Street Journal reports. Though the North Korean leader gave no reason for his sudden change of heart in the latest episode of saber-rattling with Washington, his announcement followed an inspection of a military command post where senior officers reportedly presented him with plans for the potential strike on Guam. U.S. Defense Secretary James Mattis
had also warned late Monday
that an attack on Guam would “escalate into war very quickly.”
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*Household Debt Hits Record as Auto Loans and Credit Cards Climb:
U.S. household debt reached a new record of $12.8 trillion in the second quarter, driven by rising mortgage debt, a strong quarter for auto loan originations, and an uptick in credit-card balances, which reached their highest level since 2009. Today’s report marked the 12th consecutive quarterly increase in household debt, as Americans continue to re-embrace credit as the financial crisis recedes into memory. The total volume of debt is now $1.7 trillion higher than it was in 2013, according to the Federal Reserve Bank of New York’s quarterly report on household debt and credit. While overall debt has increased, the figures aren’t adjusted for the growth of the population or the economy. Total debt was 67% of the nominal gross domestic product in the second quarter, down from as high as 87% in 2009.
*THINK FREELY – READ LBN – Now your friends, family and associates can sign up to receive LBN (if they’ve got the guts). Simply have them go to www.LBNElert.com and sign up.
*LBN-INVESTIGATES: James Madison and Thomas Jefferson were once arrested together for taking a carriage ride in the countryside of Vermont on a Sunday, which violated the laws of that state.
*Why Oprah Never Married Stedman:
After 31 years together, Oprah Winfrey
and boyfriendStedman Graham
have no intentions of getting married. However, the 63-year-old star wants people to know that they are both perfectly content with that fact. Speaking in the upcoming September issue of Vogue, the former talk show host was asked what being in a long term relationship, but not ever getting married, taught her about women in our society. “Live life on your own terms,” she responded. Winfrey went on to explain that the topic of marriage never really came up between her and Graham. The only time it did was when she asked him what would have happened if they’d ever actually got married. “We wouldn’t be together,” he responded.
*DID YOU KNOW?
Did you know that eleven (11) leading executives of Starbucks read LBN daily?
*LBN-NOTICED: ***L.A. influencers and media packed into last night’s “City Talk” event in a private room at the elegant Baltaire restaurant in Brentwood featuring comedian Adam Carolla. Carolla, who along with radio talk show host Dennis Prager, is making a documentary movie titled “No Safe Spaces” about the absurdity of political correctness on college campuses. Included in the “City Talk” conversation, which was moderated by media expert and author Michael Levine, were KNX radio anchor Bob Brill, Nancy Grace co-host and former CNN reporter Alan Duke, Bloomberg L.A. bureau chief Chris Palmaeri, film producer Mark Joseph, Hollywood Reporter veteran writer Paul Bond, and KTLA reporter Christina Pascucci. The most unusual moment of the evening came when comedian Adam Christing hooked up Carolla to a mock lie-detector which brought the room down with laughter. ***Green Bay Packers quarterback Aaron Rodgers really has moved on from his former longtime girlfriend, actress Olivia Munn. Rodgers was spotted on a date with soccer playerMarie Margolius at the Martignetti brothers’ Upper East Side celebrity haunt the East Pole on Sunday night.“They arrived at around 10 p.m. and seemed to be on a date. He wore a baseball cap and asked for the quietest, most out-of-the-way table possible. His hat was tilted down. It definitely seemed like he wanted to be incognito,” an insider told us. ***Leonardo DiCaprio, who normally has a thing for blond models under 25, has been spending more time with 23-year-old brunette modelLorena Rae. On Monday, the “Great Gatsby” actor was seen with Rae and a male pal having lunch at Hillstone on Park Avenue in NYC, where, a spy tells us, “they seem like an item,” and, “They walked out together, he pulled down his hat over his eyes.” ***Cuba Gooding Jr. doing shots of Jägermeister with the bartender at Delilah on the Lower East Side in NYC. ***Sarah Jessica Parker and Matthew Broderick dining with friends at Nick & Toni’s in East Hampton on Monday. ***Mariah Carey at new LA luxury apartment building Ten Thousand.
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*LBN-COMMENTARY by Jake Tapper: I listen to a lot of old-school rap. The albums I downloaded most recently: N.W.A’sGreatest Hits, Jay-Z’s Volume 2 … Hard Knock Life, Gold by Erik B. and Rakim, The Chronic by Dr. Dre. I grew up in a kind of working-class section of Philadelphia, with public-housing projects half a block away, and I heard rap blasted a lot. It connects me to my youth, and I think it’s a social expression that people in discriminated communities connect to. In terms of emotional music, probably Johnny Cash. The song I’ve found most moving recently was the Avett Brothers‘ “True Sadness.” It’s one of the most beautiful and moving songs I’ve heard in a long time.
*LBN-A DIFFERENT VIEW:….
*LBN-OVERHEARD: ***The morning after Ric Flair was placed in a medically induced coma before undergoing surgery, daughter Charlotte, 31, issued a statement on Instagram. “Hi guys, On behalf of my family and I, we want to THANK everyone for the prayers, texts, calls and support,” the wrestling beauty posted Tuesday. “Our Dad is a FIGHTER and your continued thoughts and prayers MEAN THE WORLD to us. We will update everyone when we have more information.” Charlotte is one of the top women wrestlers in WWE and has occasionally been managed by her legendary father.