The booming marijuana industry attracts enthusiasts and entrepreneurs … Working from a small booth on the fringes of a trade show packed with thousands of enthusiasts, Sean Donahoe says these are heady times to be in the marijuana business. "In a gold rush, you sell picks and shovels,'' says Donahoe, deputy director of the California Cannabis Industry Association. The young orga...Read More
Voters in Switzerland have narrowly approved a rightwing proposal to curb immigration. It imposes limits on the number of foreigners allowed in and may signal an end to the country's free movement accord with the European Union. The initiative was approved by just 50.3% of the votes and was passed by a majority of cantons. The move by the Swiss People's Party – known for its anti-for...Read More
The booming marijuana industry attracts enthusiasts and entrepreneurs … Working from a small booth on the fringes of a trade show packed with thousands of enthusiasts, Sean Donahoe says these are heady times to be in the marijuana business. "In a gold rush, you sell picks and shovels,'' says Donahoe, deputy director of the California Cannabis Industry Association. The young orga...Read More
- Marc Johnson, CFAHere's a quick and easy way to spot a possible takeover candidate.First, add the company's total debt plus other obligations that an acquiror would have to assume. Then add its market capitalization (the share price times the diluted number of shares). This is the offer price.Compare this number to the dollar value of the firm's tangible assets. If the value of the tangible asse...Read More
The End of American Exceptionalism … From the moment Barack Obama appeared on the national stage, conservatives have been searching for the best way to describe the danger he poses to America's traditional way of life. Secularism? Check. Socialism? Sure. A tendency to apologize for America's greatness overseas? That, too. But how to tie them all together? … Newt Gingrich publis...Read More
Foreign Office caught asking Spanish press to undermine Scottish independence … The Foreign & Commonwealth Office has again been accused of meddling in the referendum, after it emerged that the British Embassy in Madrid has been urging newspapers in Spain to publish criticisms of Scottish independence. A letter published this month in the Tenerife News included a request from Simon Mont...Read More
The End of American Exceptionalism … From the moment Barack Obama appeared on the national stage, conservatives have been searching for the best way to describe the danger he poses to America's traditional way of life. Secularism? Check. Socialism? Sure. A tendency to apologize for America's greatness overseas? That, too. But how to tie them all together? … Newt Gingrich publis...Read More
Foreign Office caught asking Spanish press to undermine Scottish independence … The Foreign & Commonwealth Office has again been accused of meddling in the referendum, after it emerged that the British Embassy in Madrid has been urging newspapers in Spain to publish criticisms of Scottish independence. A letter published this month in the Tenerife News included a request from Simon Mont...Read More
Reagan's true legacy: The Tea Party … Tea Party Challenging the status quo is the correct condition of American conservatism. At the end of the American Revolution, Benjamin Rush, who had signed the Declaration of Independence, vowed that though the war with Great Britain was over, the Revolution would go on. The stirrings of original American conservatism were found in such sentiments....Read More
"F*** the EU": Top State Dep't official's phone call to U.S. ambassador in Ukraine leaked online. I'd call it a bombshell, not because of what's being said but because we're able to listen to it at all. The identities of the speakers haven't been officially confirmed but Jay Carney didn't deny when asked that this is Assistant Secretary of State Victoria Nulan...Read More
Reagan's true legacy: The Tea Party … Tea Party Challenging the status quo is the correct condition of American conservatism. At the end of the American Revolution, Benjamin Rush, who had signed the Declaration of Independence, vowed that though the war with Great Britain was over, the Revolution would go on. The stirrings of original American conservatism were found in such sentiments....Read More
"F*** the EU": Top State Dep't official's phone call to U.S. ambassador in Ukraine leaked online. I'd call it a bombshell, not because of what's being said but because we're able to listen to it at all. The identities of the speakers haven't been officially confirmed but Jay Carney didn't deny when asked that this is Assistant Secretary of State Victoria Nulan...Read More
Coming to a Post Office Near You: Loans You Can Trust? … The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder. But it doesn't have to be this way. In the same remarkable report this week, the OIG explored the possibility of the USPS offering basic banking services – bill paying, check cashing, small loans – to its custom...Read More
Simon Jenkins … apologised to the Germans for the forthcoming "avalanche of often sickening Great War memorabilia, largely at their expense. It will be the British at their worst: sanctimonious, self-congratulatory, worshipping at the tomb of the unknown, awful German." The war was nothing more than a pointless grinder, churning millions of bright young men into fertiliser for the...Read More
Coming to a Post Office Near You: Loans You Can Trust? … The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder. But it doesn't have to be this way. In the same remarkable report this week, the OIG explored the possibility of the USPS offering basic banking services – bill paying, check cashing, small loans – to its custom...Read More
Simon Jenkins … apologised to the Germans for the forthcoming "avalanche of often sickening Great War memorabilia, largely at their expense. It will be the British at their worst: sanctimonious, self-congratulatory, worshipping at the tomb of the unknown, awful German." The war was nothing more than a pointless grinder, churning millions of bright young men into fertiliser for the...Read More
Emerging markets risk repeating eurozone blunder of synchronised tightening. Where have [we] seen this screenplay before? A string of countries tighten policy at the same time – some drastically – in order to prevent capital flight and show investors how tough they can be. Turkey, South Africa, and India all raised rates last week. Brazil and Indonesia did so before. Chile, Peru, Hunga...Read More
Justice Antonin Scalia says World War II-style internment camps could happen again … Justice Antonin Scalia predicts that the Supreme Court will eventually authorize another wartime abuse of civil rights such as the internment camps for Japanese-Americans during World War II. – WashingtonExaminerDominant Social Theme: Whatever is happening is fully justified and in the best interests o...Read More
Emerging markets risk repeating eurozone blunder of synchronised tightening. Where have [we] seen this screenplay before? A string of countries tighten policy at the same time – some drastically – in order to prevent capital flight and show investors how tough they can be. Turkey, South Africa, and India all raised rates last week. Brazil and Indonesia did so before. Chile, Peru, Hunga...Read More
Justice Antonin Scalia says World War II-style internment camps could happen again … Justice Antonin Scalia predicts that the Supreme Court will eventually authorize another wartime abuse of civil rights such as the internment camps for Japanese-Americans during World War II. – WashingtonExaminerDominant Social Theme: Whatever is happening is fully justified and in the best interests o...Read More