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Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.

He said Franklin Templeton might have worried about people seeing Cooper, a former insurance portfolio manager, display bad judgment and a short temper. Litt said Franklin Templeton crossed a line. Critics labeled Cooper "Central Park Karen," using a pejorative for an entitled white woman. Its lawyer Bryan Killian told the appeals court it was unreasonable to see the company's statements as "anything other than a response to the video." The case is Cooper v Franklin Templeton Investments et al, 2nd U.S.

☆ 2 Nashville millennials share how they're fighting loneliness in a broken housing market
▼ + stars: | 2023-05-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

Car-centric neighborhoods with few shared spaces exacerbate loneliness, research has found. She moved into a walkable neighborhood in downtown Nashville and paid $500 a month to rent a room in a house with roommates. She credits the neighborhood's walkability, shared spaces, and dense housing with boosting her social connections. And those ties are much easier to form in neighborhoods with welcoming shared spaces and programming. "We have the green spaces in the neighborhood to do all that kind of stuff, which is something we just didn't have in the old neighborhood," Hughes said.

☆ The Inflation Reduction Act Will Allow an Asset Manager Takeover of Our Infrastructure - The New York Times
▼ + stars: | 2023-05-08 | by ( Brett Christophers | ) www.nytimes.com time to read: +1 min

The Inflation Reduction Act will reshape the physical and economic landscape of the United States over the next decade, including in ways that might surprise a lot of people. will help accelerate the growing private ownership of U.S. infrastructure, and in particular its concentration among a handful of global asset managers like Brookfield. This is taking the United States into risky territory. and 2021’s Infrastructure Investment and Jobs Act, President Biden’s other key legislation for infrastructure investment, is that they represent a renewal of President Franklin Roosevelt’s New Deal infrastructure programs of the 1930s. Public ownership of major infrastructure has remained an American mainstay ever since.

If Congress fails to act, some legal experts say Democratic President Joe Biden has another option to avert a crisis: Invoke the 14th Amendment to the U.S. Constitution to ensure the United States can continue to pay its bills. Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have warned that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.

☆ Futures muted as Fed caution sets in, JPMorgan to buy First Republic
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +4 min

The rescue comes less than two months after a deposit flight from U.S. lenders Silicon Valley Bank and Signature Bank forced the Fed to step in with emergency measures to stabilize markets. Apple Inc (AAPL.O) is set to report later this week. Markets should take today's news in stride knowing that the repeated bank failures should now have the Fed back on its heels and defanged moving forward." ET, Dow e-minis were down 14 points, or 0.04%, S&P 500 e-minis were down 3.75 points, or 0.09%, and Nasdaq 100 e-minis were down 13.5 points, or 0.1%. Reporting by Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Futures muted ahead of Fed meet this week; First Republic Bank shares tank
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +3 min

Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year earlier, compared with a 5.1% fall expected at the start of April, according to Refinitiv data. Meanwhile, First Republic Bank's (FRC.N) shares tanked 38.5% in premarket trading. The rescue comes after the collapse of Silicon Valley Bank and Signature Bank in March, amid a deposit flight, forced the U.S. central bank to step in with emergency measures to stabilize markets. The KBW Regional Banking index (.KRX) and the S&P 500 Banks index (.SPXBK) have lost 22% and 10%, respectively, so far this year. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis remained unchanged, and Nasdaq 100 e-minis were down 1 point, or 0.01%.

☆ Opinion: From Woody Woodpecker to Mickey Mouse
▼ + stars: | 2023-04-30 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. The term is credited to animator Walter Lantz, the creator of Woody Woodpecker. “While I would love to see a progressive in the White House, I am terrified of another Donald Trump presidency. Mickey Mouse warBill Bramhall/Tribune Content Agency“President Franklin Roosevelt launched a war against the Great Depression,” noted Julian Zelizer. “Women still have less access to the internet, with men being 21% more likely to be online than women globally.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Digital “Chicago Plan” fixes many financial woes
▼ + stars: | 2023-04-28 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

The economists’ solution – often called the Chicago Plan – was to remove commercial banks from the money-creating business. One of the main problems of a central bank digital currency (CBDC) is that it would compete with old-fashioned bank deposits. With the digital money supply increasing in line with the economy’s potential growth, roughly as Friedman advised, inflation would soon come under control. Non-bank lenders like Apollo Global Management (APO.N) would have an enhanced role under the digital Chicago Plan. At present, there’s little chance of the digital Chicago Plan coming to pass.

☆ Biden’s Quiet Re-election Strategy
▼ + stars: | 2023-04-26 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

The biggest reason that many Democratic officials are nervous about President Biden’s age is not his ability to do the job in a second term. Four decades later, the government managed its relationship with a teetering Soviet Union while Ronald Reagan’s mental capacities slipped. In each case, White House aides, Cabinet secretaries and military leaders performed well despite the lack of a fully engaged leader. The issue that makes many Democrats even more anxious than Biden’s second-term capabilities is whether his age will prevent him from winning a second term. Today, I will look at the biggest question about Biden’s re-election campaign — which he formally announced yesterday — and how he might address that question.

☆ Opinion | Tim Scott Faces Long Odds
▼ + stars: | 2023-04-22 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

Scott is obviously not the first Black person to vie for the Republican presidential nomination. That distinction goes to Frederick Douglass, who received one vote at the 1888 Republican convention. Alan Keyes ran for the Republican nomination in 1996, 2000 and 2008; Herman Cain ran and withdrew in 2011; and Ben Carson ran in 2016. Tim Scott, however, would be the first Black Republican officeholder to run for the party’s presidential nomination, should he move past the exploratory phase. Even then, there were few Black people elected to national office, with a total of eight serving between 1914 and 1965.

March 23 (Reuters) - Large companies, including asset manager Franklin Templeton (BEN.N) and web-services provider Akamai Technologies Inc (AKAM.O), joined an effort on Thursday to defend sustainable investment practices from a backlash by U.S. Republican politicians. Republicans, often from energy-producing states, have sought to block the growing use of environmental, social and governance (ESG) considerations by shareholders and corporate executives. BlackRock Inc (BLK.N) for instance on Thursday said it would continue to press companies for information about climate risks. Mindy Lubber, CEO of sustainability nonprofit Ceres, which organized Thursday's statement, told a call with reporters that companies showed "some hesitancy" to speak up. But Anne Simpson, head of sustainability for Franklin Templeton, part of California-based Franklin Resources Inc (BEN.N), said on the same call that ESG efforts are "fiduciary duty at work".

☆ The US's B-29 bomber was more expensive than the nuclear bomb it dropped on Japan at the end of World War II
▼ + stars: | 2023-03-21 | by ( Miguel Ortiz | We Are The Mighty | ) www.businessinsider.com time to read: +5 min

The Manhattan Project cost about $2 billion, or nearly $30 billion in 2021 dollars. The US's B-29 bomber program cost $3 billion, or just over $44.5 billion in 2021 dollars. In total, the program cost about $2 billion, or nearly $30 billion in 2021 adjusted for inflation. It was pushed through though because it was necessary for the Manhattan Project to work and the war to be won. It was also incapable of carrying and delivering the atomic bomb being developed by the Manhattan Project.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

☆ 'Flamin' Hot' producer DeVon Franklin reveals why he tapped Eva Longoria to direct the film and why he's unfazed by questions over whether it's true to the origins of the fiery Cheetos flavor
▼ + stars: | 2023-03-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +11 min

The movie "Flamin' Hot" celebrates Mexican heritage and the invention of Flamin' Hot Cheetos. Impressed with the unlikely entrepreneur, Enrico gave it a try — and thus, Flamin' Hot Cheetos were born, and Montañez's career took off. "Flamin' Hot" stars actor Jesse Garcia as Richard Montañez. Eva Longoria directed the new film "Flamin' Hot." The LA Times article, amongst journalists and amongst this small group of people, may get some traction.

☆ ‘Unlikely Heroes’ Review: FDR’s Key Quartet
▼ + stars: | 2023-02-24 | by ( Scott Borchert | ) www.wsj.com time to read: +1 min

Students of history may recognize a concept I’ll call the Weirdo Theory of Crisis. In times of upheaval and strife (so goes the theory), unconventional figures have a way of slipping into power. They were also, in various combinations and to different degrees, messy, wounded human beings. “During prosperous times, none of Roosevelt’s up-and-coming lieutenants could have ventured far beyond political suburbia,” as Mr. Lebaert puts it. “Then the Great Depression changed everything.” Weirder still, these four survived into Roosevelt’s unprecedented fourth term, outlasting nearly every other secretary or top adviser, aside from the First Lady.

☆ U.S. officials address mounting tensions between U.S. and China during Munich Security Conference
▼ + stars: | 2023-02-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

The officials met on the margins of the Munich Security Conference, where leaders from around the world gathered to discuss geopolitical challenges. Blinken said he thinks other countries "appreciate" the fact that the United States has "exposed" China's balloon program. He told NBC there are "various kinds" of lethal aid that China is considering providing, including weapons. Blinken said China has already been aiding Russia in more diplomatic ways, but that sending lethal aid would be a significant escalation. Sen. Lindsey Graham, R-S.C., also appeared at the Munich Security Conference, and he told ABC that if China does provide Russia with lethal aid, the world needs to "come down hard" on China.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Stocks may face an inflection point in the week ahead as the Fed meets and Apple posts earnings
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.

☆ Donald Trump's strained bond with evangelicals creates an opening for rivals
▼ + stars: | 2023-01-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | Jonathan Allen | ) www.nbcnews.com time to read: +9 min

WASHINGTON — There is a deepening crack in Donald Trump's bond with conservative faith voters that potential rivals for the 2024 GOP nomination see as an opportunity. And Pence is expected to speak to faith voters in the coming weeks in Houston, Miami, Naples, Fla., and New York City. "For all the blocs of [GOP] voters, losing the 2020 election took the shine off of Donald Trump," the adviser said. Those are the types of things that I think lose your credibility with the evangelical community and conservative voters writ large." That should give hopefuls and faith voters a chance to get a better feel for one another.

☆ ‘FDR’s Gambit’ Review: Playing the Numbers
▼ + stars: | 2023-01-18 | by ( Adam J. White | ) www.wsj.com time to read: +1 min

The judiciary, Alexander Hamilton warned, “is in continual jeopardy of being overpowered, awed, or influenced by” the political branches of government. That year, President Franklin Roosevelt waged political war against a Supreme Court that had stifled his ambitious New Deal policies. FDR was at the height of his prewar authority, and the court’s counter-majoritarian decisions had put the institution in genuine peril. In “FDR’s Gambit: The Court Packing Fight and the Rise of Legal Liberalism,” she seeks to “challenge the conventional wisdom” about FDR’s attacks. She sees not presidential overreach but “shrewdness.” And Ms. Kalman’s account is thorough: From congressmen to administration officials to judges to columnists to pollsters to interest groups, “FDR’s Gambit” recounts seemingly everyone who supported, opposed or analyzed Roosevelt’s war on the court.

☆ Virtual assistant, copywriter, and 6 other easy side hustle jobs to start right now
▼ + stars: | 2023-01-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +11 min

PaperDotInkDesigns sells handwritten prints and templates, and in 2021, Ashworth booked $2,494 in sales, which Insider verified with documentation. In 2021, her site generated $205,642 in ad revenue, which Insider verified with documentation. Be a virtual assistant for other business ownersAs more people start businesses, the market for virtual assistants has skyrocketed in tandem. In 2020, he made $34,607 in sales on the app, which Insider verified with documentation. He earned $40,648 on the app between December 2020 and August 2021, which Insider verified with documentation.

☆ 2023 will be another record year for dividend payouts. Here's why that matters
▼ + stars: | 2023-01-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The Vanguard High Dividend Yield Index (VYM) , for example, with more than $50 billion in assets, saw shares outstanding increase 20%. Dividend ETFs are typically divided into two groups: high dividend and dividend growers. ETFs that specialize in high dividends include iShares Select Dividend ETF (DVY) and Vanguard High Dividend Yield ETF (VYM), and these are typically paying yields in the 3% range. Dividend growers include ProShares S & P 500 Dividend Aristocrats ETF (NOBL) , Vanguard Dividend Appreciation (VIG) and Schwab U.S. Dividend Equity ETF (SCHD) . There are 58 of those in the S & P 500, including Caterpillar, Air Products, Franklin Resources, Aflac, and Procter & Gamble.

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