Government spending
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X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-07-02 04:08
Economic Perspective - Inflation is characterized as a detrimental tax, indirectly impacting individuals [1] - Government spending is identified as a primary driver of inflation [1] Political Commentary - Politicians tend to deflect blame for inflation onto other factors [1]
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-07-01 05:09
Government Spending & Economic Policy - Government spending should be reduced to maintain American prosperity [1] - The size of government needs to be reduced [1] - The government should live within its means [1]
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-06-30 23:10
Economic Perspective - Inflation is characterized as a detrimental tax, indirectly impacting individuals [1] - Government spending is identified as a primary driver of inflation [1] Political Commentary - Politicians tend to deflect blame for inflation onto other factors [1]
Trump wants to dismantle FEMA after Hurricane season
Bloomberg Television· 2025-06-11 18:31
How soon do you want to see FEMA eliminated. And what's your message to the governors about how much more an expense is going to fall to states. Well, it's not going to be so much the states.We're going to give out less money. We're going to give it out directly. It'll be from the president's office.We'll have somebody here. Uh could be Homeland Security, but we're going to give it out through a a method where it's given out. As an example, I just gave out 71 million dollars to a certain state.They were loo ...
Solitron Devices, Inc. Announces Fiscal 2025 Fourth Quarter and Fiscal Year 2025 Results
Globenewswire· 2025-05-23 20:34
Core Insights - Solitron Devices, Inc. reported its fiscal 2025 fourth quarter and full year results, highlighting both challenges and opportunities in its operations [1] Fiscal 2025 Fourth Quarter Highlights - Revenue for the fourth quarter was $3.13 million, a decrease of 22% compared to $4.00 million in the same quarter of fiscal 2024 [5][8] - Net bookings increased significantly by 301% to $8.92 million from $2.23 million in the fourth quarter of fiscal 2024 [8] - The backlog rose by 62% to $18.11 million at the end of the fourth quarter compared to $11.21 million at the end of the fourth quarter of fiscal 2024 [8] - The company reported a net loss of $0.37 million, or $0.18 per share, contrasting with a net income of $5.80 million, or $2.78 per share, in the fourth quarter of fiscal 2024 [8] Fiscal Year 2025 Highlights - For the full fiscal year 2025, net sales increased by 10% to approximately $14.05 million from $12.76 million in fiscal year 2024 [8] - Net bookings for the year rose by 62% to $20.76 million compared to $12.84 million in fiscal year 2024 [8] - The backlog at the end of fiscal year 2025 was $18.11 million, up 62% from $11.21 million at the end of fiscal year 2024 [8] - Net income for fiscal year 2025 decreased to $0.82 million, or $0.39 per share, from $5.80 million, or $2.78 per share, in fiscal year 2024, which had benefited from non-recurring events [8] Market and Product Development - The company experienced substantial bookings related to major defense programs, with expectations for future production levels to increase, particularly for the AMRAAM and HIMARS programs [4] - There is a growing interest in new product development, including silicon carbide, with various prototypes being tested for potential customers [6]