Fallen Officer Foundation President: Kaepernick Should Put Money into the Inner Cities

Last Friday, San Francisco 49ers quarterback Colin Kaepernick, refused to stand during the playing of the National Anthem. Kaepernick wanted to make a statement about unpunished police brutalities against minorities and will refuse to stand until a ‘significant change’ is made.

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Fallen Officer Foundation President Sergeant Demetrick Pennie disagrees with Kaepernick’s refusal to stand during the National Anthem.

“We want our NFL players to be advocates for social justice…He essentially isolated the entire American population that are patriots and believe in the American flag and what the National Anthem stands for. As a proud military man and as a law enforcement officer, I can tell you that I don’t know where Kaepernick is getting his facts from but that is extremely unpatriotic and it offended a lot of people,” he said to the Fox Business Networks Deirdre Bolton.

Pennie said that Kaepernick is not someone the U.S. needs for social justice equality.

“If you want to do something, go into the inner cities and put some money there. Your (Kaepernick) 19 million dollar man, go put your money where your mouth is,” he said.
 

Article source: http://world.einnews.com/article/342344664/qR9Wutn7hkgmxa8W?ref=rss&ecode=dYZEnKEuqPQMTccj

Black money: 300 percent rise in raids, seizures

In a mammoth jump of over three times in the searches, raids and seizure action in the first seven months of this year as compared to the corresponding period of 2015, the department seized over Rs 330 crore of alleged tainted cash, jewellery and other movable and immovable assets. (Reuters) In a mammoth jump of over three times in the searches, raids and seizure action in the first seven months of this year as compared to the corresponding period of 2015, the department seized over Rs 330 crore of alleged tainted cash, jewellery and other movable and immovable assets. (Reuters)

The Income Tax department has seized an all-time high value of cash and jewellery, while Rs 3,360 crore unpaid taxes have been surrendered this year as part of its enhanced crackdown against black money holders in the country.

In a mammoth jump of over three times in the searches, raids and seizure action in the first seven months of this year as compared to the corresponding period of 2015, the department seized over Rs 330 crore of alleged tainted cash, jewellery and other movable and immovable assets.

Last year, this figure stood at Rs 102.50 crore.

An official report prepared in this regard states that I-T raids and searches this year have beaten all records of the last about five years in terms of number of such actions conducted, seizures made and subsequently the untaxed income brought to the government coffers.

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Is your doctor making money from unneeded test?

Some doctors may be milking their better-insured patients. When looking at 2013 insurance claims from nearly 1.5 million adults with commercial insurance, researchers found that just under 8% of people had received “low-value services,” with the research defined as providing little value to patients, given all the costs and alternatives.

Those medical services can include hormone tests for thyroid problems, X-rays or MRI scans for lower-back pain, and brain scans for uncomplicated headaches, according to the study, published Monday.

All told, the costs for 28 low-value medical services studied accounted for 0.5% of total spending, the researchers discovered. Though this may seem minuscule, the costs add up, esulting in $32.8 million of spending in 2013 alone.

Not enough vs. too much

“The important caveat to highlight is, we’re only looking at 28 services,” said Rachel Reid, lead author and a policy researcher at Rand Corp. “We’re looking at a very small slice, but it can give you a lens on the larger problem.”

As Reid and her colleagues referenced in their research, a previous report estimated that more than $750 billion of the total $2.5 trillion spent annually on health care in the US represents waste.

Reid’s study noted that in dollar amounts per service, spending on spinal injections for lower-back pain totaled $12.1 million, scans for headaches $3.6 million and imaging for low-back pain $3.1 million — each part of the total $32.8 million in wasted health care

Article source: http://world.einnews.com/article/342345621/j0EStEnrtIUJV1Nt?ref=rss&ecode=dYZEnKEuqPQMTccj

Investing In The Future Of Money Printing Through Fortress Paper: Hidden Value With 89% Upside

The Canadian timber sector is among the many industries that has been impacted by the development of China’s low cost natural resource sector. As issues of oversupply and unfair government subsidies impact industry profitability, many companies have shifted their production focus by borrowing heavily in order to convert existing facilities. Canadian-based Fortress Paper (OTC:FTPLF) is among the many companies that shifted its business model in an effort to take advantage of changing sector fundamentals.

By purchasing an insolvent paper mill and converting the facility into a dissolving pulp plant, the company leveraged itself to invest in the growing demand of rayon fiber. Unfortunately, further competition from larger producers and China’s 2014 decision to implement anti-dumping duties forced the price of dissolving pulp to fall. With prices remaining lower, these related debts eventually matured and the business was forced to sell core assets to cover principal payments.

Looking to the future, the timber sector continues to suffer from a downturn in global demand as China’s heavy subsidies limit the resource’s market price. For investors willing to gain exposure in hopes of a recovery in the price of dissolving pulp, Fortress Paper provides a compelling opportunity.

^Sourced From Google Images

When looking at the stock’s 10-year chart, Fortress shortly peaked in 2011 as the market rewarded the company for its investment in the dissolving pulp sector. While it is unlikely to see those heights

Article source: http://world.einnews.com/article/342345733/XC3sjM0VLcDjDqWR?ref=rss&ecode=dYZEnKEuqPQMTccj

Is your doctor making money from tests you don’t need?

(CNN) — Some doctors may be milking their better-insured patients.

When looking at 2013 insurance claims from nearly 1.5 million adults with commercial insurance, researchers found that just under 8% of people had received “low-value services,” with the research defined as providing little value to patients, given all the costs and alternatives.

Those medical services can include hormone tests for thyroid problems, X-rays or MRI scans for lower-back pain, and brain scans for uncomplicated headaches, according to the study, published Monday.

All told, the costs for 28 low-value medical services studied accounted for 0.5% of total spending, the researchers discovered. Though this may seem minuscule, the costs add up, esulting in $32.8 million of spending in 2013 alone.

Not enough vs. too much

“The important caveat to highlight is, we’re only looking at 28 services,” said Rachel Reid, lead author and a policy researcher at Rand Corp. “We’re looking at a very small slice, but it can give you a lens on the larger problem.”

As Reid and her colleagues referenced in their research, a previous report estimated that more than $750 billion of the total $2.5 trillion spent annually on health care in the US represents waste.

Reid’s study noted that in dollar amounts per service, spending on spinal injections for lower-back pain totaled $12.1 million, scans for headaches $3.6 million and imaging for low-back pain $3.1 million — each part of the total $32.8 million in wasted health care dollars.

Another discovery: Low-value spending was lower among patients who were older, male, black or Asian, lower-income

Article source: http://world.einnews.com/article/342346645/1Q2xU8FN4wgExK6z?ref=rss&ecode=dYZEnKEuqPQMTccj

Caesars Entertainment shares crater as bondholder lawsuits loom

Source: FactSet

“Caesars Entertainment agreed to make a substantial contribution to CEOC to fund distributions to creditors under CEOC’s reorganization plan, including the junior creditors in this guarantee litigation, enabling CEOC to emerge as expeditiously as possible,” he said. “The Bankruptcy Court’s refusal to continue to stay the guarantee litigation puts that contribution and the timeliness for resolution at serious risk.”

A temporary restraining order by involved parties expires Monday. On Tuesday, Caesars faces a potential ruling in New York on lawsuits from bondholders, which allege the firm reneged on guarantees from bonds issued by the operating unit prior to its $18 billion bankruptcy filing.

Caesars appealed the restraining order on Monday, according to a filing with the U.S. Securities and Exchange Commission.

With Monday’s decline, shares have fallen about 19 percent lower year-to-date, after plunging as much as 35 percent in premarket trade.

Reuters contributed to this report.

Article source: http://www.cnbc.com/2016/08/29/caesars-entertainment-shares-crater-as-bondholder-lawsuits-loom.html

Bank stocks gain as investors focus on Fed speak, upcoming jobs report

Financial stocks gained in Monday trading, leading the market higher as investors weighed the possibility of an impending interest rate hike.

Federal Reserve Chair Janet Yellen, speaking from Jackson Hole, Wyoming, on Friday, said she believes “the case for an increase in the federal funds rate has strengthened in recent months.”

The U.S. central bank’s vice chairman, Stanley Fischer, also told CNBC on Friday that the upcoming jobs report “will probably weigh” on the Fed’s decision regarding the federal funds rate. Economists polled by Reuters expect that the U.S. economy added 180,000 jobs in August.

On Monday, the SPDR SP Bank ETF (KBE) was up 1 percent in intraday trade as Bank of America and Citizens Financial gained more than 1 percent. Wells Fargo surged more than 2 percent in midday trading. The SPDR SP Regional Bank ETF (KRE) was also about 1 percent higher.

Article source: http://www.cnbc.com/2016/08/29/bank-stocks-gain-as-investors-focus-on-fed-speak-upcoming-jobs-report.html

Colorado energy stocks move higher after anti-fracking ballot effort fails

“We believe the announcement alleviates a significant uncertainty overhang for EPs leveraged to the DJ Basin,” said FBR Co. analyst Benjamin Salisbury. The Denver-Julesburg Basin runs from the northeastern part of Colorado and into several other nearby states.

Colorado’s Initiative 75 would have given local government the authority to regulate oil-and-gas development, including banning, limiting or imposing moratoriums on such development. It sought to amend the state’s constitution and give local officials more power to enact regulations that impact energy development and related companies.

Ballot Initiative 78 would have forced mandatory setbacks for oil and gas development in Colorado, including requiring any development or fracking to be located more than 2,500 feet away from both an “occupied structure” or “areas of special concern” such as parks, playgrounds, public open space, lakes or rivers.

The Sierra Club, Greenpeace and a group Yes on Health and Safety were among those backing ballot measures 75 and 78. On August 8, backers of the two measures turned in the signatures to qualify for the November ballot.

“Despite the countless hours and the thousands of Coloradans who spoke in support of protecting the health and safety of Colorado communities, the movement faced an unprecedented flow of money from the oil and gas opposition that felt the need to spent $15 million to defeat us,” Diana Best, Greenpeace USA Climate and Energy Campaigner, based in Denver said in a prepared statement. “We may be disappointed today, but tomorrow we get back to work empowering communities and

Article source: http://www.cnbc.com/2016/08/29/colorado-energy-stocks-rally-after-anti-fracking-effort-fails.html

Cramer: Fake out! How Deere fooled everyone

Cramer traced the beginning of the head fake all the way back to Deere’s previous quarter, when it painted a glum picture of its business. When it reported in May, it lowered full-year net income guidance substantially, and management said equipment sales would sink 9 percent for 2016, and the next quarter would be worse, down 12 percent.

Geographically, Deere forecasted a 15 to 20 percent decline for its North American agriculture business, followed by declines of 5 percent in Europe and 15 to 20 percent in South America.

The awful quarter in May caused Wall Street to basically give up on Deere, Cramer said. The stock plunged 5 percent the day after the results came out, and analysts slashed estimates.

But then something strange happened.

After the initial 5 percent decline, the stock stopped going down. Deere’s share price started heading higher, Goldman Sachs even upgraded it in June.

“In retrospect, that was the first sign of Deere’s incipient comeback,” Cramer said.

Goldman said Deere is a cyclical company, and its stock could near a bottom when its results are at their worst. Goldman highlighted that demand for high horsepower equipment hit a 30-year low and suggested a bottom could have come.

The rally from Goldman didn’t last, though, and the stock sank again. In July, management announced 120 layoffs. Wall Street became very skeptical of Deere’s ability to

Article source: http://www.cnbc.com/2016/08/29/cramer-fake-out-how-deere-fooled-everyone.html

Cramer: Wall Street’s greatest mispricing I have ever seen

The shifting environment includes price competition from Wal-Mart, price deflation hitting all supermarkets, the 10 percent price reductions on average for 450 of Dollar General’s best-selling items and the 500,000 people who lost federal food stamp eligibility.

“I would normally want to take an interest in a high-quality company like Dollar General after such a huge decline, but what this decline tells me is that we are dealing with a gigantic reset,” Cramer said.

There are too many questions lingering for Cramer. Were more people than 500,000 affected by the cut in food stamps? How wrong is the price for Dollar General? And when did food deflation get so out control that any food retailer is now being crushed?

Cramer needs more information than what is available surrounding these topics. He also questioned the effect that the trading-up of these dollar stores could have. Historically, dollar stores are counter-cyclical, meaning they do well when economies do poorly. He wondered if Wal-Mart and Target have cut prices so low that they are capturing customers back.

So, if the issue was just food stamps, Wal-Mart or deflation, Cramer could price it into the stock.

But the combination of an improving economy, an aggressive Wal-Mart, diminished food-stamp eligibility and poor communication from Dollar Store’s management told him to pass.

“Let these dollar stores go down to 90-cents on the dollar, then maybe we

Article source: http://www.cnbc.com/2016/08/29/cramer-wall-streets-greatest-mispricing-i-have-ever-seen.html