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Joe Rogan Netflix Live

I absolutely love Joe Rogan. Dana white even more. They just speak their minds and it is what it is. I don’t listen to podcasts so I only get the clips of him I see on the internet or on instagram. This is the first I’ve watched his stand up. Shockingly bad. Not remotely clever. Just base obvious jokes. Very political. Really really dumb. I was surprised

Joe Biden, Baby Killer

Not a great look for Joe and his Administration.


The Biden administration has quietly pushed more than a half-dozen countries to weaken, delay or rethink baby formula regulations aimed at protecting the public’s health — sometimes after manufacturers complained, a ProPublica investigation has found.

In the European Union, the U.S. opposed an effort to reduce lead levels in baby formula. In Taiwan, it sought to alter labeling that highlighted the health benefits of breastfeeding. And in Colombia, it questioned an attempt to limit microbiological contaminants — the very problem that shut down a manufacturing plant in Michigan in 2022, leading to a widespread formula shortage.

“Infant formula companies want to sell more infant formula,” said Marion Nestle, professor emerita of nutrition, food studies and public health at New York University. “The idea that governments are aiding and abetting them in their commercial enterprise over the public health interest is really shocking to me.”

Un-Taxing Tipped wages

Has anyone seen any policy language on this idea?

I'm curious because I've got questions:

1) The tip/gig economy has gotten huge. Presumably this would significantly shrink the tax base. Maybe not a huge deal because most people working for tips probably aren't in the cohort that pays net federal taxes?
2) Is it only talking about income tax or is it FICA too? A lot of people would see their social security statement wrecked if it's the latter.
3) Would it be a new box on the W2 that is declared but exempt or would it just not be defined as income? If the latter, then, theoretically, your mom could make 6 figures at the strip club but still qualify for all the income-based welfare because it would be in tips.....glittery tips.
4) Piggybacking off of #3, if it's the new box on W2 and people actually DO declare them, it could end up being a boon for state/local income taxes because tipped wages are woefully under-reported.
5) Is the idea being taken seriously by anyone in Congress or is it just one of those election year things?

More on the NIL mess I found interesting... From today's IBJ.

A few excerpts and quotes on the NCAA's proposed mandatory disclosure rules that I found interesting...

..... For some, the plan looks like an overstep by the Indianapolis-based NCAA and power conferences that will eventually lead them back to court. “Honest question here for those in the #NIL space, as well as all fans of sports: WHY should a college athlete be required to submit, for approval by the NCAA (or any other group) an NIL deal over $600 (as proposed by the NCAA)?” Russell White, the head of The Collective Association, posted on social media.


.... Other legal experts see ample precedent in professional sports leagues to support the attempt to regulate NIL. "The idea that there’s going to be a whole lot of litigation around this disclosure requirement, to me, was not completely well thought out,” said Jay Ezelle, an Alabama attorney who has been involved in NCAA cases and antitrust lawsuits.

.... Sports law attorney Mit Winter said disclosure isn’t as problematic as rules that target what the NCAA deems to be boosters and the difficulty in determining fair-market value.

And finally,
..... Gabe Feldman, a sports law professor at Tulane, said it is common for pro leagues to regulate outside sources of income for athletes to prevent circumvention of salary caps and luxury taxes by teams. “Now the big difference is, obviously, the pro sports rules are collectively bargained. These are not. So there will there will be no antitrust immunity for these cases,” Feldman said.

Here's a link to the whole article... probably a pay wall.
IBJ - NIL Article from 8-2-2024
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