eBCmvq_smSWp-_HksVoSuFyeNj4 July 2015 - Archive - Top Tax Pros | Lakewood Tax Services

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Archive for July, 2015

Thought of reuniting with daughter ‘kept me going,’ mom says

Posted on: July 31st, 2015 by admin No Comments

‘Super PACs’ Spent Millions Before Candidates Announced, Filings Show

Posted on: July 31st, 2015 by admin No Comments
Acting as shadow campaigns, the political committees backing the major presidential candidates supported them with tens of millions of dollars in chartered planes, luxury hotel suites, opposition research, high-priced lawyers and more, spending reports showed Friday.

Emails Expand on Mosaic of Hillary Clinton’s Days as Secretary of State

Posted on: July 31st, 2015 by admin No Comments
By court order, the State Department released the second cache of emails that Mrs. Clinton sent and received during her tenure in President Obama’s cabinet.

The bears growl

Posted on: July 31st, 2015 by admin No Comments

IT TAKES some guts to be a bear about the sector you cover if you are an investment strategist. Generally speaking, strategists are employed by banks and banks are in the business of selling securities, the clients are fund managers who do well when asset prices rise and thus tend to dislike a party pooper. Albert Edwards of SocGen is a long-standing bear of equities as a class and many owe his longevity to the entertaining way he phrases his opinions.

Life is easier if you have independence. John Paul Smith was a strategist at Deutsche Bank but now gives advice from Ecstrat, a research house. He has been a bear on emerging markets for a few years; as I wrote in this week’s column, that was a lonely position a while back. In a new note, he restates the bearish view.

First, he points out that, post the financial crisis of 2008, there was a shift towards a more state-driven model for economic activity; he felt that this would undermine productivity and thus economic growth. Growth has indeed declined. Second, the EM corporate sector was overinvesting and this would lead to a lower return on capital. Third, slower economic growth would bring down commodity prices and hurt producing countries. Fourth,…Continue reading

Line up, line up

Posted on: July 31st, 2015 by admin No Comments

IN JUNE, a report revealed that undercover American government agents, posing as passengers, had repeatedly snuck weapons through security checks at the country’s airports. Of the 70 times they tried to smuggle fake guns and bombs past Transportation Security Administration (TSA) officials, it was claimed, they were successful on 67 occasions. Unsurprisingly, an internal safety investigation prompted the ouster of Melvin Carraway, TSA’s acting chief.

Peter Neffenger, Mr Carraway’s replacement, is pledging to tighten American airport security. Testifying before Congress this week, he promised to bridge these security gaps. “My highest priority is to ensure solutions to the recent covert testing failures,” he told the House Homeland Security Committee. That is all well and good, but it is likely to come at a cost for…Continue reading

Firefighter dies in Calif. wildfire

Posted on: July 31st, 2015 by admin No Comments
A firefighter battling a wildfire in California died in the line of duty this week, the U.S. Forest Service said in a statement. David Ruhl of Rapid City, South Dakota, lost his life fighting the Frog Fire near Adin, California.

Woman Arrested After Jumping Over White House Barricade

Posted on: July 31st, 2015 by admin No Comments
The woman, who has not been identified, was charged with unlawful entry after she jumped over a barricade in front of the White House fence, the Secret Service said.

Wrestler ‘Rowdy’ Roddy Piper dies

Posted on: July 31st, 2015 by admin No Comments
Roddy Piper, arguably professional wrestling’s all-time top bad guy, has died at the age of 61, his agent Jay Schachter told CNN Friday.

Samuel DuBose’s Death in Cincinnati Points to Off-Campus Power of College Police

Posted on: July 31st, 2015 by admin No Comments
The shooting of Mr. DuBose, a black man, has prompted officials to reconsider a policy that allowed a university force to patrol an area far more complex than its campus.

Boy killed; ‘price tag’ message left

Posted on: July 31st, 2015 by admin No Comments
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