On the Street

Both Parties Conveniently Ignore Deficit

If there’s one thing Republicans and Democrats have in common, it’s the ability to simultaneously complain about and ignore the deficit. The annual budget deficit is about $600 billion. According to the Committee for a Responsible Budget (CRFB), the GOP’s tax overhaul will increase the deficit to $1 trillion by 2019. At this rate, the accumulated national debt will be ...

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Sears – Grim Tidings

Retail Holiday Sales Go Ka-Ching” was the headline on the Wall St. Journal’s lead story on the front page on December 26, 2017.  The Journal, using data from Mastercard Inc., reported that retail sales rose at their best pace in six years. E-commerce naturally continued to be the biggest driver of gains, with a strong annual increase of over 18%.  ...

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Three Stocks To Buy For 2018

As we head in to 2018, I wanted to share three stocks that I have been researching and find to be very attractive at this time. The stocks were evaluated from all three analysis styles and were selected because they are fundamentally sound, the technical performance has been strong and they don’t have overly optimistic sentiment toward them.   TAL ...

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Time To Play “What If” With The Fed Meeting

In what will be the final FOMC meeting for Fed Chairman Janet Yellen, the investment world is set for another 0.25 percent rate hike. The current probability based on the pricing of Fed Funds futures is at 90 percent. I would say that is about as certain as you can get. With that level of certainty, that leaves us with ...

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Chicago’s Controversial Sales Tax Bonds

This week the City of Chicago began marketing $575 of rated debt backed by its share of sales-tax revenue received from Illinois.  The bonds, issued by the Sales Tax Securitization Corp., are controversial because of the ratings that they have and the ratings that they do not have. The bonds are rated AAA by two rating agencies, Fitch and Kroll.  ...

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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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Supreme Court Case Could Change The Landscape Of Sports Betting

Early in December the United States Supreme Court is set to hear the case of Christie v. NCAA. In legal terms, the case is founded on the Tenth Amendment and the Commerce Clause, but at the core of the argument is the Professional and Amateur Sports Protection Act (PASPA) of 1992. The NCAA, NFL, MLB and other sports leagues argue ...

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New Jersey Fights for Legal Sports Betting

The Supreme Court is gearing up to hear a case on whether New Jersey will be allowed to conduct legal sports gambling. Federal law currently bans sports gambling in all but four states: Oregon, Nevada, Delaware, and Montana. New Jersey argues that the federal ban violates the 10th Amendment by allowing some states to bet on sports while banning others. ...

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Uber Caught Trying to Hide Massive Data Breach

The technology and logistics company, Uber has been caught attempting to conceal an October 2016 data breach that exposed 57 million peoples’ personal information. First reported by Bloomberg, the company paid 100,000 to two hackers after they stole the company’s customer data in exchange for their silence and the deletion of the stolen information. “A big part of the shock ...

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