Author Archives: bullmarket

Maduro Purges the Oil Industry, Fires and Arrests 65 Execs

As the conditions in the socialist Venezuela only get worse for its citizens, Venezuela’s president Nicolás Maduro is desperately trying to revive the oil industry with a strategy that is likely to fail. In a dramatic move, Maduro has fired and arrested 65 former oil executives as part of a month-long purge on the oil industry. “The arrests and firings ...

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ATT Renounces Blackout to Address DOJ’s Concerns With Merger

On Wednesday November 29, 2017 ATT disclosed that, in order to get the Department of Justice (Justice) to drop its opposition to its merger with Time Warner, it had offered up a seven-year ban on blacking out competing distributors. This concession gets to the heart of Justice’s concerns with the merger, which is that control of Time Warner’s content positions ...

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Rising Economic Tide Lifting Many Retail Boats

On Wednesday, November 29, 2017, the Commerce Department reported Wednesday that U.S. economic output grew at a 3.3% annual rate in the third quarter, faster than earlier estimated, and the highest rate in over three years. Meanwhile, consumer and business confidence are at recent-year highs and equity markets continue to surge to new all-time highs. This strong growth belies contentions ...

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Senate Passed the Tax Cut – Major Victory for Trump, GOP

Early Saturday morning the Senate passed its version of the tax overhaul plan with a vote of 51-49. This hands a major victory to Trump and the GOP, considered the first major legislation in this administration. President Trump has made this the centerpiece of his economic plan, claiming that business taxes have made America uncompetitive on the global stage. While ...

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GDP Grew More Than Predicted in the Third Quarter

The U.S. Economy has hit an impressive milestone. In the third quarter, the gross domestic product (GDP) grew by 3.3%, even with the tough hurricane season. This is the fastest rate seen in the last three years. In 2016, the economy saw merely 1.5% growth. “It was the first time actual gross domestic product had exceeded potential GDP since the ...

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Tax-Free Bonds for Stadiums? NFL vs Congress

Ever since the National Football League let their games get political with the national anthem protests, there has been a tremendous backlash from fans and Republicans. House Republicans even took action by proposing a bill last week that would halt team owners from being able to use tax-free bonds to help fund the construction of these event arenas. “Under the ...

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House Passes Tax Overhaul Package

The House of Representative approved a $1.4 trillion tax cut package on Thursday, putting President Trump and the Republican Party one step closer to their promised tax code overhaul. If it passes the Senate, it will be the biggest change to the US tax code since 1986. The bill would reduce the number of tax brackets from seven to four ...

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Is Mark Zuckerberg Eyeing the White House?

There is increasing speculation that Facebook CEO Mark Zuckerberg, 33, is thinking about running for president. He hasn’t made any announcements, but the signs are certainly there. Zuckerberg recently hired Joel Benenson to work as a consultant for the Chan Zuckerberg Initiative (CZI), the philanthropic project he founded with his wife in 2015. Benenson’s past jobs include: • Democratic pollster • ...

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Chinese Propaganda Movies Losing their Impact

Two propaganda films that were released in China this month did not foster the reactions that the Chinese Government had hoped for. Instead of inspiring Chinese pride and nationalism, one of the films, “The Founding of an Army” was mocked especially by the younger generation it was targeting. The film featured popular teen idols as revolutionary leaders. Hung Huang, a ...

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American Unemployment Drops to its Lowest Level Since the 1970’s

According to the latest report from the Labor Department, the number of Americans that filed for unemployment is at its lowest it has been in the last 44 years.  MarketWatch and Reuters had forecasted that 240,000 Americans would file for unemployment benefits during this time period, but the Labor Department announced that the number was closer to 222,000 in the week ...

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