DOW Sets New Record

Dow touches 23,000 for the first time, closes at record

  • The Dow reached 23,000 for the first time. The index first closed above 22,000 on Aug. 2.
  • Boeing and Caterpillar were the biggest points contributors on the Dow since Aug. 2, when the index first broke above 22,000.
  • On Tuesday, the index was buoyed by UnitedHealth, which reported a stronger-than-expected quarterly profit and raised its full-year adjusted earnings forecast.

A Look At Our National Anthem

Louis Howard. With all the conversation and actions centered around the anthem sporing events. I explored the history of the national anthem in the USA.

The History Of the national Anthem

 

  • The anthem was originally a poem written by Francis Scott Key
  • The poem was originally called “ In Defence of Fort McHenry was written after Key witnessed the Maryland fort being bombarded by the British during the war of 1812.
  • Key was inspired by the sight of a lone U.S. flag still flying over Fort McHenry at daybreak, as reflected in the now-famous words of the “Star-Spangled Banner”: “And the rocket’s red glare, the bombs bursting in air, Gave proof through the night that our flag was still there.”
  • Francis Scott Key was born on August 1, 1779 He became a successful lawyer in Maryland and Washington, D.C., and was later appointed U.S. attorney for the District of Columbia.
  • On June 18, 1812, America declared war on Great Britain after a series of trade disagreements. In August 1814, British troops invaded Washington, D.C., and burned the White House, Capitol Building and Library of Congress. Their next target was Baltimore.
  • After one of Key’s friends, Dr. William Beanes, was taken prisoner by the British, Key went to Baltimore, located the ship where Beanes was being held and negotiated his release. However, Key and Beanes weren’t allowed to leave until after the British bombardment of Fort McHenry. Key watched the bombing campaign unfold from aboard a ship located about eight miles away.  On a rainy September 13, 1814, British warships sent a downpour of shells and rockets onto Fort McHenry in Baltimore Harbor, relentlessly pounding the American fort for 25 hours. The bombardment, known as the Battle of Baltimore,
  • the British were unable to destroy the fort and gave up. Key was relieved to see the American flag still flying over Fort McHenry and quickly penned a few lines in tribute to what he had witnessed. The poem was printed in newspapers and eventually set to the music of a popular English drinking tune called “To Anacreon in Heaven” by composer John Stafford Smith.

 

 

 

  • In 1931, It became the theme for America People began referring to the song as “The Star-Spangled Banner” and in 1916 President Woodrow Wilson announced that it should be played at all official events. It was adopted as the national anthem on March 3, 1931.

 

 

 

  • Today, the flag that flew over Fort McHenry in 1914 is housed at the Smithsonian Institution’s Museum of American History in Washington, D.C.

 

 

Trump Signals EXO On Healthcare

Republicans still have not fulfilled their biggest campaign promise — to repeal and replace Obamacare.

Now, President Donald Trump is signaling he may go it alone without Congress and take executive action to allow insurers to sell health plans across state lines.

“I’ll probably be signing a very major executive order where people can go out, cross state lines, do lots of things and buy their own health care,” Trump said last week on the South Lawn of the White House. “It’s being finished now. It’s going to cover a lot of territory and a lot of people, millions of people.”

Details of any executive order are still unknown, but Trump already has some early support.

“I’m all for it. If it’s constitutional. and he’s got some pretty good lawyers, I assume that he does, I’m all for it,” said Sen. John Kennedy, a Louisiana Republican.

Republicans say they will support Trump’s executive action to fix Obamacare, but feel backed in the corner legislatively.

“I don’t think there’s any question about it. I’m a member of the legislative branch and I would rather us do it legislatively. However, in this situation where we can’t get the Senate to pass anything, obviously the president’s got to do something,” said Rep. Buddy Carter, a Republican from Georgia.

Democratic Texas Rep. Lloyd Doggett does not believe the president is ready to have the federal government guarantee what state regulators provide.

“There needs to be adequate consumer protection so that these health care policies don’t take away in the fine print what they promise in the sales promotion,” Doggett said.

Republicans argue selling health plans across state lines would improve competition and give consumers more choice. But Democrats push back on that claim and say cross-state sales could get confusing.

“If you buy a policy in Louisiana, you’re under Louisiana law unless it’s a national policy like the Affordable Care Act and that way you’re under federal law. On a Texas hospital it’s just going to confuse the issue,” Rep. Gene Green, a Democrat from Texas, said.

The Affordable Care Act already allows cross-state insurance, but only eight states are trying it. One big reason is insurance companies tailor their policies to their local customers.

Seattle retains title of hottest housing market in the country with Portland right behind

According to a recent report from Geekwire Seattle is still King of Housing.

Seattle home values continue to skyrocket, rising at a rate of more than double the national average in July.

According to the latest installment of the Case-Shiller National Home Price Index, Seattle home prices shot up 13.5 percent on a year-over-year basis. Portland saw the second fastest home price growth at 7.6 percent, according to the report. The national average for July was 5.9 percent.

Seattle has consistently been the hottest housing market in the nation over the last few years, buoyed by the city’s thriving technology industry. This summer, Zillow found that Seattle is among the cities with the highest number of $1 million neighborhoods. Seattle has 38 $1 million neighborhoods, putting it at seventh among the top 10 cities.

And while Seattle is gaining $1 million neighborhoods rapidly it is also grappling with a homeless crisis. A separate Zillow report found that Seattle has the third highest homeless population in the nation, behind only New York and Los Angeles. Seattle is one of several cities where Zillow ties rent increases to a rising homeless population.

Developers are building record numbers of apartments in the Seattle area, but it still is not enough to keep up with the demand from the constant influx of new people as well as potential buyers stuck in the rental market due to high costs. Rising home values and lack of available starter homes make it tough for younger buyers, even the techies working at Amazon and Microsoft, to get into the market.

Case-Shiller’s data shows that the biggest competition for houses over the past few years has been at the lowest price tiers. High-end housing prices have been pretty stable, while cheaper homes have been extremely volatile. However, things do appear to be leveling out somewhat, as even the low-priced homes aren’t seeing as extreme price spikes as they did back in 2013 and 2014.

Guild Mortgage helps raise $430,000 for Redmond’s Liberty Road Foundation

Demonstrating its commitment to giving back and improving the local community, Guild Mortgage recently served as the primary sponsor of the 13th Annual Liberty Road Foundation Charity Golf Tournament and Dinner Auction, which raised more than $430,000 for those in need.

One of the largest independent mortgage lenders in the U.S., Guild was the Master Sponsor ($15,000) of the fundraiser, held Aug. 8 at The Golf Club at Newcastle. Guild provided $50 TaylorMade/Adidas gift cards to more than 120 tournament participants.

Additionally, company representatives served as individual hole, lunch and happy hour sponsors, while Guild branches in Bellevue, Kirkland, Mill Creek and Tacoma purchased $750 tables at the dinner and auction. All told, 85 Guild employees plus their guests attended the evening’s festivities.

Proceeds from the event will benefit the Liberty Road Foundation, based in Redmond, which partners with seven nonprofit organizations helping at-risk children and families. The auction also supported SAFE, a nonprofit working to assist women get out of the sex trafficking trade.

Founded in 1960, Guild Mortgage has more than 3,600 employees operating from 250 branch and satellite offices in 25 states. The company has a total of 27 branches in the state of Washington.

The company’s Guild Giving Program encourages employees to donate time and money to charitable causes in their own communities.

Website Powered by WordPress.com.

Up ↑