Business

Senator Ron Johnson (R-WI) just became the first Republican to officially declare that he will not support the GOP tax bill that the White House still hopes to pass before Christmas.  Speaking to the Wall Street Journal, Johnson said that his opposition stems from his view that the bill unfairly benefits corporations over other pass-through entities like S-Corps and LLCs.

“If they can pass it without me, let them,” Mr. Johnson said in an interview Wednesday. “I’m not going to vote for this tax package.”

 

Authored by Zainab Calcuttawala via OilPrice.com,

Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi.

“Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference.

Iraq proclaimed itself victorious earlier this year after a three-year, hard-fought war against the terrorist Islamic State.

Three months after Amazon slashed some Whole Foods prices by as much as 43% on the day its purchase of the grocery chain closed in its first (of many) attempts to steal market share from competitors by selling at a loss, today Amazon announced round 2 of the grocer wars, when it unveiled even more discounts on several grocery products at Whole Foods, just days ahead of the Thanksgiving holiday, sending stocks of rival ultra-low margin grocers tumbling.

We noted in June that Zimbabwe's cash crisis continued unabated.

Those awaiting cash transfers at a bank may wait a month to be cleared and, even then, the transfer may be refused.

The Standard, Zimbabwe’s leading Sunday newspaper, ran an article at the time entitled, “Black market thrives, as banks run dry.”

Some highlights from that article:

Forget Bitcoin; ignore Roku... it's time to look at nano-cap medical device-maker CHF Solutions - which is up almost 500% today on absolutely no news whatsover...

$10mm market cap, CHF Solutions, Inc. distributes health care products. The Company provides commercialization of medical devices for the treatment of fluid overload, heart failures, and other cardiac diseases. CHF Solutions serves customers in the United States.

Efficient markets... (halted 14 times so far)