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So it seems that you were OK with this while he was a democrat? Why the sudden change in your opinion? Is it because he switched to Republican ?
Standard hypocrisy for democrats...
Keep the good stuff coming Ayock... You are one of the main reason I continue to participate on the message board.
Half of Detroit’s 8 mayoral candidates are felons
Detroit — Half of the eight mayoral hopefuls on Detroit’s primary ballot next week have been convicted of felony crimes involving drugs, assault or weapons, a Detroit News analysis shows.
Three were charged with gun crimes and two for assault with intent to commit murder.
In 1977, Pitts was convicted of receiving and concealing a stolen 1977 Oldsmobile. She was sentenced to a year of probation.
A decade later, she was charged with two counts of assault with intent to murder and two firearm offenses in connection with two separate shooting incidents on March 24, 1987, Detroit Recorder’s Court records say.
According to transcripts, Pitts was involved in a shootout with the owner of a collision shop and auto clinic on Greenfield in Detroit in a dispute over a repair bill.
Fellow candidate Danetta L. Simpson has a 1996 felony conviction out of Oakland County for assault with intent to murder.
Another candidate, Articia Bomer, a document specialist who touts a culinary background and musical talents, was charged in 2008 with carrying a concealed weapon.
Candidate Curtis Christopher Greene was charged with a felony at age 19. Greene, an author, said he’s since turned his life around by earning marketing degrees from the University of Phoenix and writing three books.
But Greene, now 32, said his past continues to hold him back. He struggles to find employment and wants to implement programs that will help ex-offenders, like himself, facing similar challenges.
“I came from a crime-ridden area,” Greene said. “My life, I believe it was very complex growing up.”
Greene was charged in 2004 with fourth-degree fleeing and eluding police during an attempted traffic stop in Harrison Township as well as delivering and manufacturing marijuana.
http://www.detroitnews.com/story/news/local/detroit-city/2017/08/02/half-detroit-mayoral-candidates-felony-convictions/104244406/
Half of Detroit’s 8 mayoral candidates are felons
Detroit — Half of the eight mayoral hopefuls on Detroit’s primary ballot next week have been convicted of felony crimes involving drugs, assault or weapons, a Detroit News analysis shows.
Three were charged with gun crimes and two for assault with intent to commit murder.
In 1977, Pitts was convicted of receiving and concealing a stolen 1977 Oldsmobile. She was sentenced to a year of probation.
A decade later, she was charged with two counts of assault with intent to murder and two firearm offenses in connection with two separate shooting incidents on March 24, 1987, Detroit Recorder’s Court records say.
According to transcripts, Pitts was involved in a shootout with the owner of a collision shop and auto clinic on Greenfield in Detroit in a dispute over a repair bill.
Fellow candidate Danetta L. Simpson has a 1996 felony conviction out of Oakland County for assault with intent to murder.
Another candidate, Articia Bomer, a document specialist who touts a culinary background and musical talents, was charged in 2008 with carrying a concealed weapon.
Candidate Curtis Christopher Greene was charged with a felony at age 19. Greene, an author, said he’s since turned his life around by earning marketing degrees from the University of Phoenix and writing three books.
But Greene, now 32, said his past continues to hold him back. He struggles to find employment and wants to implement programs that will help ex-offenders, like himself, facing similar challenges.
“I came from a crime-ridden area,” Greene said. “My life, I believe it was very complex growing up.”
Greene was charged in 2004 with fourth-degree fleeing and eluding police during an attempted traffic stop in Harrison Township as well as delivering and manufacturing marijuana.
http://www.detroitnews.com/story/news/local/detroit-city/2017/08/02/half-detroit-mayoral-candidates-felony-convictions/104244406/
Aetna Quarterly earnings jumped to $1.2 billion, from $791 million last year
Somebody please remind me where all this PROFIT is coming from ?
https://finance.yahoo.com/news/insurer-aetna-beats-2q-forecasts-hikes-2017-outlook-103016012--finance.html
One of my all time Russia collusion favorites...
We miss your insightful posts on the TRTC board
GROSS margins are a paltry 10% of sales!
I mean for example if they have $1 Million in sales they only have $100,000 available for paying all the operating expenses. It's amazing.
Debbie Wasserman Schultz Obstructs Justice, Threatens Police Chief With 'Consequences'
Obviously this is the guy that recovered the computer equipment that Awan left behind. The slumlord that rented to Awan failed to clean the house out when Awan tried to disappear. The new tenants found the computer equipment and called the police.
There are many people that went against the democrats that ended up with "consequences". What you are seeing unfold in this saga is typical of how the democrats conduct business.
Are you aware that $52 million of those assets are either intangible or classified as goodwill ? In other words zip, nada, nothing ! Also, did you notice that CURRENT liabilities exceed current assets by $12 million ? That means they don't have the money to pay what is due right now !
This Ohio factory owner says she has jobs but few sober applicants
An Ohio factory owner said Saturday that though she has blue-collar jobs available at her company, she struggles to fill positions because so many candidates fail drug tests.
( We'll leave it up to the democrats to pass legislation that makes drug testing for employment against the law. I'm certain they will call it racist. )
Regina Mitchell, a co-owner of Warren Fabricating & Machining in Hubbard, Ohio, told The New York Times this week that four out of 10 applicants otherwise qualified to be welders, machinists and crane operators will fail a routine drug test.
In an interview Saturday with CNN's Michael Smerconish, Mitchell said that her requirements for prospective workers were simple.
"I need employees who are engaged in their work while here, of sound mind and doing the best possible job that they can, keeping their fellow co-workers safe at all times," she said.
"We have a 150-ton crane in our machine shop. And we're moving 300,000 pounds of steel around in that building on a regular basis. So I cannot take the chance to have anyone impaired running that crane, or working 40 feet in the air."
President Donald Trump addressed his blue-collar base in Ohio this week, returning to his campaign theme of getting local communities back to work and returning jobs to America from overseas.
But Mitchell said she has jobs. She just doesn't have sober applicants.
For 48 of the 50 years her company has been around, drug abuse had never been an issue, she told Smerconish.
"It hasn't been until the last two years that we needed to have a policy, a corporate policy in place, that protects us from employees coming into work impaired," she said.
Opioid use is on the rise across the country, but especially in Ohio. In 2014, the state had the second-largest number of opioid-related deaths in the United States and the fifth-highest rate of overdose.
"This opioid epidemic that we're experiencing ... it seems like it's worse than in other places all over the country," Mitchell said.
Ohio's new law on medical marijuana, which went into effect in 2016 and allows those with a qualifying condition and a recommendation from a physician to buy the drug legally, was another hurdle for employers to overcome, she said.
"The difficult part about marijuana is, we don't have an affordable test that tells me if they smoked it over the weekend or smoked it in the morning before they came to work. And I just can't take the chance of having an impaired worker running a crane carrying a 300,000-pound steel encasement," she said.
For now, she said, there are almost 12,000 open skilled labor jobs in Mahoning County.
"There are good-paying jobs and the opportunity for people in our area. We just can't find people to show up who can pass a drug test," she said.
http://www.cnn.com/2017/07/29/us/ohio-factory-owner-cnntv/index.html
This Ohio factory owner says she has jobs but few sober applicants
An Ohio factory owner said Saturday that though she has blue-collar jobs available at her company, she struggles to fill positions because so many candidates fail drug tests.
( We'll leave it up to the democrats to pass legislation that makes drug testing for employment against the law. I'm certain they will call it racist. )
Regina Mitchell, a co-owner of Warren Fabricating & Machining in Hubbard, Ohio, told The New York Times this week that four out of 10 applicants otherwise qualified to be welders, machinists and crane operators will fail a routine drug test.
In an interview Saturday with CNN's Michael Smerconish, Mitchell said that her requirements for prospective workers were simple.
"I need employees who are engaged in their work while here, of sound mind and doing the best possible job that they can, keeping their fellow co-workers safe at all times," she said.
"We have a 150-ton crane in our machine shop. And we're moving 300,000 pounds of steel around in that building on a regular basis. So I cannot take the chance to have anyone impaired running that crane, or working 40 feet in the air."
President Donald Trump addressed his blue-collar base in Ohio this week, returning to his campaign theme of getting local communities back to work and returning jobs to America from overseas.
But Mitchell said she has jobs. She just doesn't have sober applicants.
For 48 of the 50 years her company has been around, drug abuse had never been an issue, she told Smerconish.
"It hasn't been until the last two years that we needed to have a policy, a corporate policy in place, that protects us from employees coming into work impaired," she said.
Opioid use is on the rise across the country, but especially in Ohio. In 2014, the state had the second-largest number of opioid-related deaths in the United States and the fifth-highest rate of overdose.
"This opioid epidemic that we're experiencing ... it seems like it's worse than in other places all over the country," Mitchell said.
Ohio's new law on medical marijuana, which went into effect in 2016 and allows those with a qualifying condition and a recommendation from a physician to buy the drug legally, was another hurdle for employers to overcome, she said.
"The difficult part about marijuana is, we don't have an affordable test that tells me if they smoked it over the weekend or smoked it in the morning before they came to work. And I just can't take the chance of having an impaired worker running a crane carrying a 300,000-pound steel encasement," she said.
For now, she said, there are almost 12,000 open skilled labor jobs in Mahoning County.
"There are good-paying jobs and the opportunity for people in our area. We just can't find people to show up who can pass a drug test," she said.
http://www.cnn.com/2017/07/29/us/ohio-factory-owner-cnntv/index.html
It's Your Money But You Can’t Have It:
EU Proposes Account Freezes To Halt Bank Runs
If there is a run on the bank, any bank in the EU, you better be among the first to get your money out.
Although it’s your money, the EU wants to Freeze Accounts to Prevent Runs at Failing Banks.
European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs, an EU document reviewed by Reuters revealed.
The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.
The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.
Giving supervisors the power to temporarily block bank accounts at ailing lenders is “a feasible option,” a paper prepared by the Estonian presidency of the EU said, acknowledging that member states were divided on the issue.
EU countries which already allow a moratorium on bank payouts in insolvency procedures at national level, like Germany, support the measure, officials said.
“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,” a person familiar with German government’s thinking said.
The Estonian proposal was discussed by EU envoys on July 13 but no decision was made, an EU official said. Discussions were due to continue in September. Approval of EU lawmakers would be required for any final decision.
Under the plan discussed by EU states, pay-outs could be suspended for five working days and the block could be extended to a maximum of 20 days in exceptional circumstances, the Estonian document said.
Spooking Customers
I side with Charlie Bannister of the Association for Financial Markets in Europe (AFME), who says “We strongly believe that this would incentivize depositors to run from a bank at an early stage.”
http://www.zerohedge.com/news/2017-07-29/its-your-money-you-can’t-have-it-eu-proposes-account-freezes-halt-bank-runs
Good cartoon today !
Speaking of stupid supporters...
“The power of the presidency is the power to inspire,”
And when you're too stupid to inspire a group of youngsters you get someone else to write it for you!
UC-Berkeley Adds "Laser Hair Removal" To Student Health Plan
The University of California, Berkeley will soon add “laser hair removal” and “fertility preservation” to the list of “transgender student services” covered by its student health insurance plan.
According to The Daily Californian, the two new services will be officially added on August 1, complementing existing services for transgender students that are already covered, including “gender confirmation (reassignment) surgery,” “breast augmentation (MTF top surgery),” “female to male top surgery,” “hormone therapy,” and more.
Bahar Navab, who manages the Student Health Insurance Plan (SHIP) for University Health Services, explained that fertility damage is a common side-effect of the hormones that some transgender individuals take, and that fertility preservation treatments enable those individuals to become pregnant or produce sperm without having to stop taking the hormones.
Navab also pointed out that most health insurance plans do not cover services such as “male-to-female top surgery” and hair removal because they consider them cosmetic procedures, whereas Berkeley’s plan views them as treatments for “gender dysphoria,” though they will also be offered to student with other medical necessities.
“Our Student Health Insurance Advisory Committee (SHIAC) had discussed adding these benefits for transgender patients two years ago,” Kim LaPean, communications manager at University Health Services Tang Center, told Campus Reform.
“When we brought the benefit additions back up for discussion with SHIAC this past year, the student representatives expressed their support and requested to expand the benefits to anyone with medical necessity as well (e.g. a patient with ovarian cancer may who may also want fertility preservation).”
LaPean acknowledged that “less than 0.3% of utilizing members currently receive transgender surgery,” a figure that university officials do not expect to increase significantly, but said “it’s important to reiterate that the expanded benefits apply to anyone with medical necessity as well (e.g. a patient with ovarian cancer may who may also want fertility preservation).”
"There are an infinite number of ways that someone can identify in regard to gender,” asserted Laura Alie, chair of the Transgender Care Team at the UHS Tang Center, told Berkeley’s News department.
“It’s our goal to make sure trans or gender-nonconforming students feel completely at home in the Tang Center, no matter what department they go to.”
Recently-elected student senator Juniperangelica Cordova, however, told The Daily Cal that while she thinks the university has been doing “a good job” of accommodating transgender students such as herself, she plans to work with the Tang Center to go even further.
“It’s a matter of making sure that everyone who works at Tang is up-to-date in terms of using our names and our pronouns,” she said.
“I’m excited to see new procedures and new coverage being added and I’m looking forward to working with Tang this year in making sure trans folks are healthy.”
Navab indicated openness to Cordova’s goals, saying, “Future benefit additions will be considered if they are requested by our clients and SHIAC.”
According to an updated health insurance plan, which was revised in 2016 to incorporate several services for transgender students, students can pay as little as 10 percent of the cost of most transgender services, including “top surgery,” “bottom surgery,” and hormone therapy.
http://www.zerohedge.com/news/2017-07-24/uc-berkeley-adds-laser-hair-removal-student-health-plan
UC-Berkeley Adds "Laser Hair Removal" To Student Health Plan
The University of California, Berkeley will soon add “laser hair removal” and “fertility preservation” to the list of “transgender student services” covered by its student health insurance plan.
According to The Daily Californian, the two new services will be officially added on August 1, complementing existing services for transgender students that are already covered, including “gender confirmation (reassignment) surgery,” “breast augmentation (MTF top surgery),” “female to male top surgery,” “hormone therapy,” and more.
Bahar Navab, who manages the Student Health Insurance Plan (SHIP) for University Health Services, explained that fertility damage is a common side-effect of the hormones that some transgender individuals take, and that fertility preservation treatments enable those individuals to become pregnant or produce sperm without having to stop taking the hormones.
Navab also pointed out that most health insurance plans do not cover services such as “male-to-female top surgery” and hair removal because they consider them cosmetic procedures, whereas Berkeley’s plan views them as treatments for “gender dysphoria,” though they will also be offered to student with other medical necessities.
“Our Student Health Insurance Advisory Committee (SHIAC) had discussed adding these benefits for transgender patients two years ago,” Kim LaPean, communications manager at University Health Services Tang Center, told Campus Reform.
“When we brought the benefit additions back up for discussion with SHIAC this past year, the student representatives expressed their support and requested to expand the benefits to anyone with medical necessity as well (e.g. a patient with ovarian cancer may who may also want fertility preservation).”
LaPean acknowledged that “less than 0.3% of utilizing members currently receive transgender surgery,” a figure that university officials do not expect to increase significantly, but said “it’s important to reiterate that the expanded benefits apply to anyone with medical necessity as well (e.g. a patient with ovarian cancer may who may also want fertility preservation).”
"There are an infinite number of ways that someone can identify in regard to gender,” asserted Laura Alie, chair of the Transgender Care Team at the UHS Tang Center, told Berkeley’s News department.
“It’s our goal to make sure trans or gender-nonconforming students feel completely at home in the Tang Center, no matter what department they go to.”
Recently-elected student senator Juniperangelica Cordova, however, told The Daily Cal that while she thinks the university has been doing “a good job” of accommodating transgender students such as herself, she plans to work with the Tang Center to go even further.
“It’s a matter of making sure that everyone who works at Tang is up-to-date in terms of using our names and our pronouns,” she said.
“I’m excited to see new procedures and new coverage being added and I’m looking forward to working with Tang this year in making sure trans folks are healthy.”
Navab indicated openness to Cordova’s goals, saying, “Future benefit additions will be considered if they are requested by our clients and SHIAC.”
According to an updated health insurance plan, which was revised in 2016 to incorporate several services for transgender students, students can pay as little as 10 percent of the cost of most transgender services, including “top surgery,” “bottom surgery,” and hormone therapy.
http://www.zerohedge.com/news/2017-07-24/uc-berkeley-adds-laser-hair-removal-student-health-plan
Awan Brothers Visas Raise Questions In Wake of Murder of Beranton J. Whisenant Jr.
One of these scandals bubbling under the surface was recently catapulted into the spotlight when a video emerged of a visibly shaken Wasserman Schultz threatening the chief of the U.S. Capitol Police with “consequences” for retaining devices that are being held as part of the criminal case against former Pakistani IT staffer Irman Awan described above
Much more at the link... Seth Rich and others...
https://counterpropa.com/awan-brothers-visas-raise-questions-wake-murder-beranton-j-whisenant-jr/
FBI Seized Crushed Hard Drives From Home Of Wasserman-Schultz' IT Aide
Over the past few months, the story of the Awan brothers has been largely ignored by mainstream media. However, the Pakistani-born brothers Abid, Imran, and Jamal Awan are at the center of a criminal investigation by U.S. Capital Hill Police and the FBI. While official charges have not yet been filed, allegations of wrong doing vary from simply overcharging taxpayers for congressional IT equipment to blackmailing members of Congress with secrets captured from emails.
The Awan brothers were Pakistani IT specialists, whom worked for more than 30 house and senate democrats, as well as Rep. Debbie Wasserman Schultz. The substantial scandal has raised questions about who may have been passed data which the Awans had access to, given Pakistan's history of collaborating with a number of foreign countries who have demonstrated past willingness to influence U.S. politics.
Now, per an exclusive report from the Daily Caller, we learn that the twisted plot surrounding the Awan brothers has grown even more interesting as FBI agents have reportedly seized a number of "smashed hard drives" and other computer equipment from their former residence in Virginia.
FBI agents seized smashed computer hard drives from the home of Florida Democratic Rep. Debbie Wasserman Schultz’s information technology (IT) administrator, according to an individual who was interviewed by Bureau investigators in the case and a high level congressional source.
Pakistani-born Imran Awan, long-time right-hand IT aide to the former Democratic National Committee (DNC) Chairwoman, has since desperately tried to get the hard drives back, the individual told The Daily Caller News Foundation’s Investigative Group.
The congressional source, speaking on condition of anonymity because of the sensitivity of the probe, confirmed that the FBI has joined what Politico previously described as a Capitol Police criminal probe into “serious, potentially illegal, violations on the House IT network” by Imran and three of his relatives, who had access to the emails and files of the more than two dozen House Democrats who employed them on a part-time basis.
Capitol Police have also seized computer equipment tied to the Florida lawmaker.
Makes you wonder whether they used the official BleachBit hammer to destroy the hard drives.
Apparently the hard drives were first discovered by a Marine Corps veteran after he rented a house in Lorton, Va. that belonged to the Awans. Upon moving in, the Marine found a trove of abandoned computer equipment in the garage, much of which had been destroyed, and called the FBI to take a look.
One of the new tenants — a Marine Corps veteran married to a female Navy Officer — said he found “wireless routers, hard drives that look like they tried to destroy, laptops, [and] a lot of brand new expensive toner.”
The tenants called the Naval Criminal Investigative Service and, not long after, FBI agents arrived together with the Capitol Police to interview them and confiscate the equipment. The Marine spoke on condition of anonymity because of concerns for his wife’s naval career, saying she doesn’t want to be associated with a national security incident.
“It was in the garage. They recycled cabinets and lined them along the walls. They left in a huge hurry,” the Marine said. “It looks like government-issued equipment. We turned that stuff over.”
For those who have managed to avoid this story, Imran was first employed in 2004 by former Democrat Rep. Robert Wexler (FL) as an “information technology director”, before he began working in Rep. Debbie Wasserman Schultz’s office in 2005.
The family was paid extremely well, with Imran Awan being paid nearly $2 million working as an IT support staffer for House Democrats since 2004. Abid Awan and his wife, Hina Alvi, were each paid more than $1 million working for House Democrats. In total, since 2003, the family has collected nearly $5 million.
The staffer’s services were so important to congressional members, that on March 22, 2016, eight democrat members of the House Permanent Select Committee on Intelligence issued a letter, requesting that their staffers be granted access to Top Secret Sensitive Compartmented Information (TS/SCI). Of those that signed the letter were representatives Jackie Speier (CA) and Andre Carson (IN), the second Muslim in Congress, both of whom employed the Awan brothers.
The brothers were also employed by members of the House Permanent Select Committee on Intelligence and the House Committee on Foreign Affairs, such as: Jackie Speier (D-CA), Andre Carson (D-IN), Joaquín Castro (D-TX), Lois Frankel (D-FL), Robin Kelly (D-IL), and Ted Lieu (D-CA). Lieu has since openly called for leaks by members of President Trump's administration despite the fact that he may until recently have been under surveillance by a foreign entity.
One bombshell that has been all but ignored by the main stream media is that Imran Awan had access to Debbie Wasserman Schultz’s iPad password, meaning that the brothers also had direct access to the notorious DNC emails.
The brothers are accused of removing hundreds of thousands of dollars of equipment from congressional offices, including computers and servers, while also running a procurement scheme in which they bought equipment, then overcharged the House administrative office that assigns such contractors to members.
Some congressional technology aides believe that the Awan’s are blackmailing representatives based on the contents of their emails and files, due to the fact that these representatives have displayed unwavering and intense loyalty towards the former aides.
Of course, if Republicans and/or members of the Trump administration hired foreign-born IT specialists who were suspected of committing a laundry list of federal crimes and then smashed a bunch of hard drives just before skipping town...we're sure the media would still gloss right over it in much the same way they're doing for the the Democrats in this instance.
http://www.zerohedge.com/news/2017-07-24/fbi-seized-crushed-hard-drives-home-wasserman-schultz-it-aide
Speaking of "dumbf*ckistan leadership"
This is one of my favorites: I've got more... Just let me know if you would like to see them
"it's DEFINITELY a proven statement"
Because somebody said so ??? A classic example !!!
That statement has not been proven...
But this one has:
I tend to agree with Husman... An investor can look stupid now or can look stupid later.
Sometimes I check up on the opinion writers when they profess to know so much about the markets. This guys performance record is dismal at best. I mean he is flat to slightly down over any recent time interval, including the last 10 years! How is that possible? I have been extraordinarily fortunate in that my account is up over 6 fold over the same 10 year time frame. And It's a large account that I manage myself. Who in the world would pay this guy to "manage" their money? Just put it in the S&P 500 and beat 90% of the advisors. Nevertheless I tend to agree with him that we seem to be much closer to the end than the beginning.
Anyway... Here is his record:
http://hussman.net/theFunds.html
Venezuela's inflation
Another example of failed liberal policies.
https://www.investing.com/analysis/horror-in-venezuela:-stock-market-crashes-200139021
Venezuela's inflation
Another example of failed liberal policies.
https://www.investing.com/analysis/horror-in-venezuela:-stock-market-crashes-200139021
CNN Readies Russophobic Show To Scare Suburbia
( The dim bulbs are being played to a new level. CNN will provide "facts" that can be used for talking points for a long time. It's a shame that our news media is this corrupt and that the little minds fall for this crap. And when the conservatives finally say that they have had enough of this garbage CNN will be right there covering the mayhem that they themselves have created.)
Much of the American public no longer cares about Special Counsel Robert Mueller’s investigation into whether the Trump campaign colluded with Russia. They also don’t care about the Senate investigation, or the House investigation.
So it’s unsurprising that CNN, in a semingly blatant example of suburban scaremongering, will attempt to revive the anti-Russia hysteria that permeated the political climate just a few months ago, by preparing to debut “The Spies Next Door: Operation Ghost Stories." The documentary focuses on the story of undercover Russian sleeper living in the US. The show details “one of the largest counterintelligence investigations in the history of the FBI," reads a release from the network via the Hill.
http://www.zerohedge.com/news/2017-07-21/cnn-readies-russophobic-show-scare-suburbia
Auto Stocks Crushed As Autoliv Slashes 2017 Growth Forecast In Half
After seemingly ignoring a whole host of a negative data points over the past several months, from collapsing sales volumes and soaring inventories levels to crashing used car prices, auto investors apparently couldn't see their way to ignoring Autoliv's abysmal earnings this morning.
A maker of automotive safety systems for various light vehicle platforms around the world, the $9 billion market cap Autoliv missed 2Q 2017 on both revenue ($2.54bn actual vs. $2.57bn expected) and earnings ($1.44 actual vs. $1.49 expected) as shares dropped over 9% in early trading.
Of course, it was Autoliv's rather cautious outlook on North American production volumes in 2H 2017 that likely caught investors off-guard. Speaking on their conference call earlier, Autoliv management noted increasing uncertainty on the stability of auto markets in North America and China and expressed growing concerns on inventory levels in those two markets...
We continue to see some uncertainty in the light vehicle market in particular in North America and in China. During the second quarter, the inventories remained above normal levels in China and the U.S. due to softer demand than the underlying light vehicle production, while the inventory levels in Europe remained stable based on our internal estimates.
...which prompted them to slash their top line growth forecast for the entire year from their previous guidance of 4% organic growth to just 2%.
Looking now up on the full year on the next slide. Our full year 2017 indications remains unchanged from February 2 for adjusted operating margin. However, we lowered our organic sales growth indication to about 2% from about 4% mainly due to lower demand in China and North America during the second quarter and the second half of 2017.
And summarizing our outlook on the next slide. Our outlook excludes cost for capacity alignment and anti-trust-related matters, and assume mid-July exchange rates. Our net consolidated sales for the third quarter expected to increase up to 2% as the currency translation effect is minimal. The full year 2017 indication is for a net consolidated sales increase of around 3% which remains unchanged from April 20. The lower organic sales growth of around 2% from the 4% earlier indication is offset by a lower currency translation effect of around 2 percentage points. Based on these sales assumptions, we expect an adjusted operating margin in the range of 7.5% to 8% for the third quarter and around 8.5% for the full year 2017.
Meanwhile, management also noted their expectations for a 7% yoy decline in North American production volumes in Q3...which shouldn't be terribly surprising to our readers in light of all the OEM plant shutdown extensions we've noted of late.
For third quarter, the overall global light vehicle production is expected to increase by approximately 2% year-over-year according to the latest IHS figures. This assumes light vehicle production in Asia remained strong where China, Japan and Korea are expected to increase 1%, 5% and 24% respectively.
In North America, the light vehicle production is expected to decline 7% in quarter three, while South America is expected to continue its recovery with a year-over-year increase of 21%.
http://www.zerohedge.com/news/2017-07-21/auto-stocks-crushed-autoliv-slashes-2017-growth-forecast-half
Visualizing America's Wealth Inequality (From The Sky Above Baltimore)
( Related video that I can't post a link for is interesting... The mayor and L. Lynch are holding a press conference explaining how they are going to fix the police department... Go figure. Yes... some of that also needs fixing but that's not the main problem. )
Earlier this year, JPM’s Racial Wealth Divide Initiative desk released an interesting report titled “The Racial Wealth Divide in Baltimore”. The report highlights the ever so growing wealth inequality that is spreading throughout America’s inner cities, and takes a dive into Baltimore City, Maryland.
If you’ve ever been to Baltimore City, Maryland, there are benches across the entire town that read ‘the greatest city in America’. This is a half truth, because at one point this was true, but not so much today with population hitting a 100-year low according to latest data from the U.S. Census.
Decades of deindustrialization and 50-years of democrat controlled leadership has certainly contributed to Baltimore’s demise. Think of Baltimore as a Hunger Game Society with the ‘Capital’ being the water front and the ‘Districts’ the so called ghettos. The ‘Capital’ is ever-so expanding, but the ‘Districts’ or the ghettos are shrinking. There are nearly 46,800 vacant row homes in the ghettos, where the homicide rate is 2x of Chicago’s…
In JPM’s report, Baltimore’s population is 63% black, 28% white, and 9% other. The median income for a white household is nearly 2x the income of the average black household. Unemployment is nearly 3x higher for the ‘race of worker of color’ with nearly 1/3 having a net worth of zero.
The black population of Baltimore City, Maryland has absolutely been destroyed by 50-years of Democrat controlled leadership.
Visualizing America's Wealth Inequality (From The Sky Above Baltimore)
( Related video that I can't post a link for is interesting... The mayor and L. Lynch are holding a press conference explaining how they are going to fix the police department... Go figure. Yes... some of that also needs fixing but that's not the main problem.)
Earlier this year, JPM’s Racial Wealth Divide Initiative desk released an interesting report titled “The Racial Wealth Divide in Baltimore”. The report highlights the ever so growing wealth inequality that is spreading throughout America’s inner cities, and takes a dive into Baltimore City, Maryland.
If you’ve ever been to Baltimore City, Maryland, there are benches across the entire town that read ‘the greatest city in America’. This is a half truth, because at one point this was true, but not so much today with population hitting a 100-year low according to latest data from the U.S. Census.
Decades of deindustrialization and 50-years of democrat controlled leadership has certainly contributed to Baltimore’s demise. Think of Baltimore as a Hunger Game Society with the ‘Capital’ being the water front and the ‘Districts’ the so called ghettos. The ‘Capital’ is ever-so expanding, but the ‘Districts’ or the ghettos are shrinking. There are nearly 46,800 vacant row homes in the ghettos, where the homicide rate is 2x of Chicago’s…
In JPM’s report, Baltimore’s population is 63% black, 28% white, and 9% other. The median income for a white household is nearly 2x the income of the average black household. Unemployment is nearly 3x higher for the ‘race of worker of color’ with nearly 1/3 having a net worth of zero.
The black population of Baltimore City, Maryland has absolutely been destroyed by 50-years of Democrat controlled leadership.
This might refresh your memory...
I've been having trouble with images showing up at I-Hub so you can see it here:
http://www.politifact.com/ohio/statements/2016/aug/16/viral-image/viral-post-alleges-voter-fraud-wood-county-ohio/
Have you already forgotten what your other choice was ???
BROKE: New FEC Report Shows DNC Finished June $3.3 Million in Debt.
Under the leadership of former Obama official Tom Perez, a new FEC report reveals the DNC finished the month of June $3.3 million in debt.
They’re broke. Just like their policies.
http://www.thegatewaypundit.com/2017/07/rough-financial-shape-new-fec-report-shows-dnc-finished-june-3-3-million-debt/
Sam Clovis, a former Trump campaign adviser and one-time conservative talk radio host, has no background in the hard sciences, nor any policy experience with food or agriculture. Still, that did not stop President Donald Trump from officially nominating Clovis to the position of the United States Department of Agriculture’s undersecretary of research, education, and economics, the agency’s top science position. "
That's nothin... Obama never even ran a lemon aid stand !
Illegal voting ??? Impossible !!!
SLP - Täglich has an updated research report:
Maintaining Buy rating and increasing our 12-month price target to $17.35 per share from $13.35 due to increased sector valuation and forecasted EPS growth to FY19.
SLP’s long-term growth should be driven by the increased use of software tools and consulting analytics for drug discovery, as well as the expansion, integration, and development of new products from the acquisition of Cognigen Corp. in FY15 and the 4Q17 acquisition of DILIsym Services, Inc.
On June 1, 2017 the company acquired North Carolina based DILIsym Services, Inc., a provider of drug- induced liver injury simulation software and related consulting services. In calendar 2016, DILIsym generated net earnings of approximately $720,000 on revenue in excess of $3 million.
SLP has penetrated nearly 20% of the pharmaceutical, biotechnology, and generic companies that would be potential users of its software and/or consulting services. In April 2017, an agreement with Quantum Bio Solutions of South Korea gave SLP the opportunity to sell its software tools to at least 40 new organizations.
3Q17 EPS (reported 7/10/17) was $0.12 per share, on a 12.2% rise in sales to $6.7 million. We forecasted sales of $6.5 million and EPS of $0.11. In the year-ago period, SLP reported EPS of $0.11 on sales of $6 million
We increase our FY17 sales and EPS forecasts to $22.9 million (prior was $22 million) and $0.32 per share (prior was $0.31) due to 3Q17 results and the anticipated 4Q17 contribution from the acquisition of DILIsym.
For FY18, we increased by $0.04 per share our EPS projection to $0.40 on sales growth of 19% to $27.2 million (prior was $24.2 million) due to a full year contribution from DILIsym.
In FY19, we project EPS of $0.48 per share on sales growth of 10.5%. Our accelerated EPS growth forecast reflects an increase in software customers and consulting services reaching at least 33% of total sales.
See the full report at:
http://www.taglichbrothers.com/companyreports/simplus/simplus-07192017.pdf
Täglich has an updated research report:
Maintaining Buy rating and increasing our 12-month price target to $17.35 per share from $13.35 due to increased sector valuation and forecasted EPS growth to FY19.
SLP’s long-term growth should be driven by the increased use of software tools and consulting analytics for drug discovery, as well as the expansion, integration, and development of new products from the acquisition of Cognigen Corp. in FY15 and the 4Q17 acquisition of DILIsym Services, Inc.
On June 1, 2017 the company acquired North Carolina based DILIsym Services, Inc., a provider of drug- induced liver injury simulation software and related consulting services. In calendar 2016, DILIsym generated net earnings of approximately $720,000 on revenue in excess of $3 million.
SLP has penetrated nearly 20% of the pharmaceutical, biotechnology, and generic companies that would be potential users of its software and/or consulting services. In April 2017, an agreement with Quantum Bio Solutions of South Korea gave SLP the opportunity to sell its software tools to at least 40 new organizations.
3Q17 EPS (reported 7/10/17) was $0.12 per share, on a 12.2% rise in sales to $6.7 million. We forecasted sales of $6.5 million and EPS of $0.11. In the year-ago period, SLP reported EPS of $0.11 on sales of $6 million
We increase our FY17 sales and EPS forecasts to $22.9 million (prior was $22 million) and $0.32 per share (prior was $0.31) due to 3Q17 results and the anticipated 4Q17 contribution from the acquisition of DILIsym.
For FY18, we increased by $0.04 per share our EPS projection to $0.40 on sales growth of 19% to $27.2 million (prior was $24.2 million) due to a full year contribution from DILIsym.
In FY19, we project EPS of $0.48 per share on sales growth of 10.5%. Our accelerated EPS growth forecast reflects an increase in software customers and consulting services reaching at least 33% of total sales.
See the full report at:
http://www.taglichbrothers.com/companyreports/simplus/simplus-07192017.pdf
"In reality, the Clinton Foundation is still very active, though it has seen a drop in fundraising. "
http://conservativetribune.com/photo-day-after-election-saudi/
When you sell a call in an IRA aren't you required to either own enough stock in the event you are called or have enough unrestricted cash to be able to buy the stock ? There is an opportunity cost with cash on the side not doing much in this kind of market. In other words, selling the call is not free money. For what it's worth, I've been 100% invested since within one week of the 2009 low and have not sold any calls for that reason. Am I missing something?
Makes you wonder if the administration is smart enough to figure out what's causing the drop in enrollment. I mean everything was OK until the money stopped coming in.
Another example of the shallow minds in the liberal community. They continue to have a problem figuring things out. Very short sighted... They never seem to be able to foresee what will happen as a result of an action on their part.
If you like BZUN you might like TAL.
Both are doing very well recently.