Sunday, November 9, 2014

It wasn't a Republican wave in Election 2014, it wasn't a thumping, IT WAS A DELUGE

Republicans didn't just sweep the House, the Senate and governorships on Tuesday, they took enough legislative chambers to set records that go back to before the Civil War. They took 65% of open state legislative seats. Now if they only had a leader. 

Reuters reports here:

[The Republican Party] gained control of 10 chambers and could be on track to holding the largest number of legislative seats since before the Great Depression. ... With Tuesday's vote, Republicans took over the U.S. Senate, beefed up their majority in the U.S. House and won the governor's office in several key states. The vote also increased the number of state legislative chambers with Republican majorities to 67 from 57. Party control of the Colorado House and Washington House was still up in the air. The number of states with Republicans in control of both legislative chambers came to 27 ahead of the election and has now edged closer to the high mark of 30 in 1920 . . .. By contrast, Democrats will control the lowest number of state legislatures since 1860 . . .. Republican State Leadership Committee President Matt Walter said the party appeared to be on track to eclipse 1928's record high of 4,001 Republican state legislative seats. ... Voters on Tuesday were deciding 6,049 legislative races in 46 states, or nearly 82 percent of all state legislative seats.

Intermediate term bonds beat the S&P500 over the last fifteen years

The average nominal return from the S&P500 from September 1999 through September 2014 is 4.71% per year with dividends fully reinvested.

The nominal annual return from the intermediate term bond index fund VBIIX for the fifteen years to 11/7/14 is 6.37%.  

Saturday, November 8, 2014

Food stamp recipient total falls only slightly in August 2014

Food stamps were taken by 46,484,828 people residing in America in August 2014, down from 46,486,888 in July.

The level is 2.5% lower than in August 2013.

The total benefit in August 2014 was $5.766 billion. The total costs in 2013 came to $79.9 billion.

The average total benefit was $124.04 per person in the program in August 2014, down from $133.07 per person monthly in 2013, and $253.69 per household on average in August 2014.