Archive for October, 2017

“The opening crawl is the signature device of every numbered film of the Star Wars series, an American epic space opera franchise created by George Lucas. It opens with the static blue text, “A long time ago in a galaxy far, far away….”, followed by the Star Wars logo and the crawl text, which describes the backstory and context of the film. The visuals are accompanied by the “Main Title Theme”, composed and conducted by John Williams.
The sequence has been featured in every live-action Star Wars film produced by Lucasfilmwith the exception of Rogue One. Although it retains the basic…

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Protectionism makes strange bedfellows. Consider the unlikely alliance of a left-wing Canadian union leader and Donald Trumps secretary of commerce. The social democrat and the billionaire banker together symbolize an emerging left-right protectionist alliance that could undermine the gains that have been made from freer trade since World War II.
They apparently agree on a key element of renegotiation of NAFTA: The call for tougher labor standards in Mexico. They make it clear, in case anyone had any doubt, that union leaders in Canada and the United States are not pursuing this goal…

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The latest sign of trouble for the retail icon comes from manufacturers demanding early payment and withholding products. Sears, which was once so big it composed 1% of GDP, says it has taken steps to remain a viable competitor.

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Last Week: The House of Representatives approved the Senate budget (FY-18) last Thursday by a close vote of 216–212, setting the stage for the crafting of initial tax plans. The 20 Republican nay votes will be a concern going forward. It’s a slim margin for the GOP, losing colleagues from varying coalitions. 11 of the 20 nay votes came from New York or New Jersey, two historically blue states that take advantage of the State & Local Tax Deduction (commonly referred to as SALT). New Jersey and New York combine for a total of 14 GOP House Representatives, with most of the yes votes coming…

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Maybe it will start with a failed initial public offering, followed by the revelation of widespread fraud in Silicon Valley. 

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The U.S. economy is outpacing expectations for the first time since April. What that means for the stock rally is a matter of debate.

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The White House cited research from a “family business” group to support its push for repealing the federal estate tax. But don’t mistake family business owners for small business owners.

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After years of explosive growth, there is a glut of fast-food and casual restaurants, industry experts say. Sales are slumping, and some businesses are faltering.

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In an odd twist, low-income people in about half of U.S. counties will now be able to get a taxpayer-subsidized Obamacare policy for free.

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Everyone will have their own reactions to the political and legal aspects of the indictment of President Trumps former campaign manager, Paul Manafort, that was unsealed yesterday.
But what struck me was the Brooklyn angle.
More than $75,000,000 flowed through the offshore accounts, the indictment says. Manafort laundered more than $18,000,000, which was used by him to buy property, goods, and services in the United States.
Some of these goods and services are standard-issue luxury items. According to the indictment, $520,444 went to a clothing store in Beverly…

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Tesla Inc. reports third quarter earnings on Wednesday after the market closes. 

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Why does the business community like the Trump administration? 

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Envy in reality is the most impoverishing attitude of thought. Warren Brookes, The Economy In Mind
Heres a truly rhetorical question: who among us would reject higher compensation? Our work is our expression of our desire to get, and higher pay is the path to getting more in return for what we do each day.
And with it established that most of us would like to earn more, its worth asking how. Intuitively, we all know the answer. This includes government workers. They maybe know best: rising pay for those in the employ of government is an effect of rising tax receipts. …

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Despite rising home prices and a growing economy, U.S. homeowners’ mobility rate is stuck at a 30-year low as many opt to stay put rather than move to pursue job opportunities or trade up for more space.

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America’s passenger carriers have discovered that it’s getting more expensive to run an airline these days.

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