Month: September 2021

When Congressional Democrats began the legislative process to enact President Biden’s Build Back Better agenda last month, Sen. Bernie Sanders insisted on adding a costly expansion of Medicare benefits to the bill. But a new report from the program’s trustees makes clear that this expansion would be unwise: Medicare is already expensive and growing faster
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The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission for permission to extend the deadline to pass the Series 54 exam two weeks to Nov. 30, 2021, from the previous date of Nov. 12. The extension comes, as promised, shortly after the agency began offering remote examinations following news that a municipal
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Calling attention to the conflicts of interests makes you a science denier— a heretic. Questioning the ulterior motives of the people involved makes you a conspiracy theorist… by Simon Black of Sovereign Man More than 400 years ago in the year 1615, the Catholic Church hired eleven ‘expert consultants’ and asked them to review the
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Uber Technologies Inc.’s (UBER) explosive growth and constant controversy make it one of the most fascinating companies to emerge over the past decade. The global ridesharing application, founded in 2009, disrupted modern transportation as we know it and at one point grew to become the highest valued private startup company in the world. Ten years after
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Electric car maker Nio (NIO) modified its third-quarter guidance on Wednesday, citing supply chain constraints. Given the circumstances, Nio has likely done the right thing. This move, and the overall state of the EV market, leaves me bullish on Nio. Nio’s been under some pressure this year. Its stock price reached a high of $66.99
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An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway.  This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that
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Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing Cryptoshares’ social media channels have similarly vanished. Unrealistic Cryptoshares Promises As
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Another week… more disturbing revelations about America’s severely underfunded state and local government pensions… another of a new breed of forensic investigations funded by concerned pensioners whose retirement security is at risk. This week, the Chicago Police Department Pension Board Accountability Group—comprised of retired and active Chicago police officers and their dependents— released the scathing
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The municipal market was little changed on Friday as a disappointing August jobs number punctuated an otherwise lackluster day of light trading activity ahead of the Labor Day holiday. Trading fell to a trickle at about $2.1 billion near the close and triple-A benchmarks were unmoved, outperforming a cheaper U.S. Treasury market which saw the
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Silver attracted dip-buying near the weekly trading range support, around the $23.80-75 region. The range-bound price action constitutes the formation of a rectangle, pointing to indecision. Mixed technical indicators on hourly/daily charts warrant caution before placing aggressive bets. Silver regained some positive traction on the last day of the week and recovered a part of
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The US economy created 235,000 jobs in August, a sharp decline from the previous month and a sign that the more contagious Delta coronavirus variant is having an effect on hiring plans. Non-farm payrolls data released by the Bureau of Labor Statistics on Friday marked a sharp deceleration from the upwardly revised 1.1m jobs created
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HD Financial Specialists, an East Amherst, New York, based firm with $100 million in assets under management, is affiliating with Cetera. HD president Sean Hayden is joined by Samuel Bloomberg, CPA and accounting professional; Dina Dalton, AHIP licensed Medicare professional; Seth Hamilton, financial advisor and tax preparer; Lindsey Gamis, client operations; and Wendy Phelps, client
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As New York City begins a revival, the 1 Hotel in Brooklyn Bridge isn’t simply one of the hottest places for tourists to stay, it embodies everything about Brooklyn that locals love. LEED Gold Certified and designed by INC Architecture and Design, this hotel goes above and beyond even the highest standards of sustainability. With some of the
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