$PCG Between the raging wildfires and the blackouts, California is now offering an abject lesson in the perils of wishful thinking. The state’s leaders may blame climate change or big utility companies, but in reality it’s their fault. By Monday morning, Pacific Gas and Electric (NYSE:PCG) had broken its record for households blacked out the company’s […]
The Senate confirmed President Trump’s 150th judicial nominee this week, bringing the total to 152, including 2 Supreme Court justices, a milestone lauded by Trump himself Friday. “Historic Milestone indeed!” President Trump said on Twitter, referencing a report from The Washington Examiner . The 150 milestone was reached Wednesday, said Senate Judiciary Committee Chairman Lindsey Graham (R-SC). “I’m […]
FLASH: President Trump and Democratic congressional leaders agreed Tuesday to work together on a $2-T infrastructure program Senate Minority Leader Chuck Schumer (D:NY) said there was “good will in the meeting” and that the 2 sides agreed that infrastructure investments create jobs and make the United States more competitive economically with the rest of the […]
FLASH: The House is likely to pass the bill, but there is a less-than-25% chance cannabis legislation becomes law. Wall Street analysts are keeping a close watch on a House committee vote scheduled Tuesday on a bill to get cannabis industry cash off the streets and into bank accounts. Called the ‘SAFE Act,’ the measure […]
FLASH: Bern’s 2016 Presidential campaign violated FEC laws, no Bern is about to Feel the Burn! A political watchdog group has accused Senator Bernie Sanders (I-VT), and his 2016 presidential election campaign of breaking federal election laws by allowing 3 foreign nationals to work on the campaign in decision-making positions. The Coolidge Reagan Foundation, a […]
FLASH: US construction spending edged down 0.6% in December with declines in residential construction and government projects. On the year, construction spending rose 4.1% to $1.3-T an all-time high, but the 4.1% gain was the weakest performance since spending fell 2.6 % in 2011. Even with the December setback, construction spending for all of Y […]
President Trump signed an executive order Thursday pushing those who receive federal funds to “Buy American.” The aim is to boost US manufacturing across the board. Peter Navarro, director of the White House National Trade Council, told reporters during a telephone briefing the policies are helping workers who “are blue collar, Trump people.” Later he […]
Medical Marijuana Update A Pennsylvania patient challenges the federal gun ban, an Ohio court has thrown out the state’s law requiring racial justice in licensing, and more. Indiana Indiana Poll Finds Strong Support for Medical Marijuana. Even in red-state Indiana, they like their medical marijuana, a new poll finds. The poll from Ball State University […]
Tesla (NASDAQ:TSLA) Weeks Away from Hitting 7,000-M-3s/week Production Goal $TSLA Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is pushing his factory workers in his Fremont, CA plant to consistently produce 7,000 M-3 EV sedans per week by the end of November, according to an internal e-Mail. Mr. Musk said he planned to walk the entire M-3 production line […]
President Trump Preparing ‘Sweeping’ Infrastructure Plan White House economic adviser Larry Kudlow said Tuesday that President Trump’s administration is looking at a sweeping infrastructure plan. “We are looking at infrastructure in many different ways, I would like to do energy infrastructure. I would like to do pipeline,” the veteran financial guru said. The White House […]
Tesla (NADAQ:TSLA) Now Taking Deposits on a ‘Cheaper’ M-3 $TSLA Tesla is introducing a lower-priced version of its M-3 sedan. The base price will be $45,000; it will cost about $35,000 in California after federal and state tax rebates for as long as they last The company has long promised the M-3 would be a […]
Wells Fargo (NYSE:WFC) is Pro Law, Not Anti-Marijuana $WFC Pro Law, Not Anti-Marijuana Wells Fargo & Co. (NYSE:WFC) say the giant bank is not making a political statement, that it is following the law of the land; marijuana is not legal under federal law. So goes the bank’s response to backlash over terminating a pro-medical marijuana Florida […]
The Continuing Shredding of Barack Obamacare Saturday, The Trump Administration said that it as suspended $10.4-B in payments expected by ACA, aka Barack Obamacare insurers, citing a federal judge’s ruling in a lawsuit over a program’s formula guidelines. “We were disappointed by the court’s recent ruling,” the Administrator for the Centers for Medicare and Medicaid […]
Legal Marijuana is 1-Step Closer in the US On the legislation: “We’re looking at it. But I probably will end up supporting that, Yes.” Friday, US President Donald Trump said that he is inclined to support a bi-partisan effort in Congress to ease the US ban on marijuana, a proposal that would dramatically reshape the nation’s […]
Medical Marijuana Update An amendment protecting medical marijuana in states where it is legal has made it into the House’s Justice Department appropriations bill, Illinois legislators approve medical marijuana in schools, the Utah initiative campaign is turning into a pitched battle, and more. National Last Thursday, a House panel approved medical marijuana protections. The House Appropriations […]
President Trump Turns On ‘The War on Weed’ President Trump goes all states’ rights on Jeff Sessions when it comes to marijuana policy The US Attorney General now finds himself out of step with our President President Trump last week signaled a dramatic turnaround in administration marijuana policy, telling Colorado Republican Sen. Cory Gardner that […]
Using Marijuana in Any Form Makes One a 2nd Class Citizen Marijuana is now legal in 9 states constituting about 20% of the US population, and medical marijuana is recognized in a total of 29 states. That means people in those states can possess and use marijuana without fear of criminal prosecutions, that is if […]
The Role of the US SEC in ICO Offerings As stated in the SEC mission statement, “The mission of the US Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” The SEC was created by Congress in 1934 as the first federal regulator of securities markets following […]
President Trump, “Sanctuary Cities Are Dangerous” Tuesday, US President Donald Trump told law enforcement that “sanctuary cities are dangerous, and we’re going to take care of the problem.” “We’re going to win it,” President Trump told national and local law enforcement officials at a Roundtable on sanctuary cities at the White House. “It’s not going […]
US DOJ Takes Aim at California Lawlessness Late Tuesday, the US Justice Department (DOJ) sued California, upping the battle between The Trump Administration and state/local governments over the issue of providing sanctuaries from a crackdown on immigration enforcement. The lawsuit names Gov. Jerry Brown and California Attorney General Xavier Becerra, challenges 3 recently passed state […]
US Securities Regulators Looking for Guidance on Cryptocurrencies $BTCUSD, $CME, $CBOE Cryptocurrency exchanges upset by the dive in Bitcoin prices may face more turbulence as the 2 Top US market regulators ask the Congress to consider federal oversight for the trading platforms. Currently, Bitcoin is trading at: 6,067.395, -1,876.61, or -23.62%, as of 5:05a GMT, the market is […]
Medical Marijuana Update The VA rejects pleas to study Marijuana for PTSD, Illinois gets a couple of court rulings, a full-fledged medical Marijuana bill is filed in Kentucky, plus: National Last Tuesday, news came that the VA won’t study marijuana’s effects on PTSD. The Department of Veterans Affairs will not begin a study into marijuana’s effects […]
USAG Sessions Green Lights Federal Marijuana Prosecutions Thursday, USAG Jeff Sessions Green Lighted federal prosecutions of marijuana lawbreakers. In doing so the US states that allow some form of medical marijuana were placed at risk of a crackdown and are closely watching developments. 46 US states have legalized some form of medical marijuana in recent years, […]
Hillary Clinton & The Clinton Foundation Now Under DOJ/FBI Investigations The US Justice Department (DOJ) has begun a new investigation into whether the Clinton Foundation engaged in pay-to-play politics or other illegal activities while Hillary Clinton was Barack Hussein Obama’s Secretary of State. Lead FBI agents in Little Rock, AK, where The Clinton Foundation is […]
Leaders of US Sanctuary Cities Should Be Charged With Crimes The acting director of US Immigration and Customs Enforcement (ICE) says politicians who run sanctuary cities should be charged with crimes. Thomas Homan said in a TV interview Tuesday that the Department of Justice (DOJ) needs to file charges against municipalities that do not cooperate […]
There is No Protection from the Illegal Federal Use of Recreational Marijuana Monday, 1 January 2018 the State of California legalizes marijuana for recreational use, but that will not stop federal agents from seizing the drug, even in small/tiny amounts, on freeways and back country roads. Marijuana possession still will be prohibited at 8 Border […]
FLASH: DOJ May Enforce Marijuana Laws in States Where Legal The US Justice Department (DOJ) may reverse course from The Hussein Obama Era and toughen enforcement of federal laws against marijuana possession, Attorney General Jeff Sessions said late Wednesday. “We are looking very hard on that right now,” USAG Sessions told reporters. “We had a […]
US Seeing Highest Spending Since 2009 Stimulus Real federal spending in FY 2017 was the 2nd highest in the history of the United States, topped only by Y 2009, when former president Barack Hussein Obama’s $840-B stimulus law was enacted according to reports. Fiscal Year (FY) 2017 also saw the 2nd highest real federal individual […]
President Trump Declared Florida a Major Disaster The Federal Emergency Management Agency (FEMA) announced on Sunday President Donald Trump approved federal disaster assistance that would be made available to individuals and governments in Florida for areas affected by Hurricane Irma beginning 4 September and continuing. A press release from FEMA outlined the assistance available to “supplement […]
The Big Q: Is California ‘Cracking Up” $AAPL, $FB, $GOOGL Corporate profits at California-based transnational corporations such as Apple, Facebook, and Google are hitting record highs. California housing prices from La Jolla to Berkeley along the Pacific Coast can top $1,000 a sqf It seems as if all of China is willing to pay premium […]
Federal Regulations at All-Time Low Under President Trump President Donald Trump has kept to his campaign promise to clear federal regulations, bringing them down to a record low, according to a new study. “The results are substantial,” reads the report. “New regulatory burdens are a fraction of those established under President Obama’s 1st 6 months; […]
The Leakers Reward: Handcuffs Former congressman turned news analyst Jason Chaffetz Tuesday said the Justice Department is not going far enough on leakers, saying, “They need to start putting people in handcuffs.” Mr. Chaffetz was responding to US Attorney General Jeff Sessions’ announcement last week that the DOJ, along with the intelligence community is ramping […]
USA Medical Marijuana Update A measure that would allow VA docs to issue medical marijuana recommendations advanced in the Senate. Massachusetts’ highest court rules in favor of a worker fired for using medical marijuana, and more. Utah regulators give initial approval for Hemp research National Last Thursday a week, a Senate panel approved medical marijuana […]
Texas AG Moves to Protect Anti-Sanctuary City Law Texas has filed a preemptive lawsuit to deter any of its cities from defying the state’s new anti-Sanctuary City law, state Attorney General Ken Paxton said Tuesday. During a TV interview AG Paxton said the lawsuit came about after Austin and other municipalities said they would not […]
‘Sanctuary Cities’ Now Banned in Texas Late Sunday, Texas Gov. Greg Abbott signed a ban on “sanctuary cities” that now allows police to ask about a person’s immigration status and threatens sheriffs with jail if they do not cooperate with federal authorities. He signed the bill over strong opposition from immigrant-rights groups and Democrats, who […]
Tax Reform is Coming, Tune Out the ‘Noise’ $KO, $PEP Taxation, the power to destroy, has exploded at the federal level, as well as at the state and local level. To see 1st hand how taxes can destroy, one need look no further than Philadelphia, there soda sales have fallen 32% thanks to a tax […]
The Keynesian’s Fetish for Monetary Inflation $DIA, $GLD, $SLV If I were to choose one word to describe the current market, it would have to be tedious. The DJIA aka Dow Jones is no longer going up, but as we see in its BEV chart below, it’s really not going down either. The Dow’s BEV […]
US Debt Ceiling Crisis Not Expected in 2017 A US debt ceiling crisis is less likely to happen in Y 2017 given the GOP-controlled White House and Congress will probably agree to suspend or raise the federal borrowing limit before the government runs out of cash, Fitch Ratings said. A deal in November 2015 to […]
USAG Sessions, There is More Violence Around Pot Than ‘One Would Think’ The US Justice Department will try to adopt “responsible policies” for enforcement of federal anti-marijuana laws, Attorney General Jeff Sessions says, adding that he believes violence surrounds sales and use of the drug in the US In a meeting with reporters Monday, AG […]
Trump Administration: the Ban of Recreational Marijuana Will be Enforced White House spokesman Sean Spicer said he expects the Justice Department (DOJ) to increase enforcement of laws prohibiting the recreational use of marijuana, a departure from the Hussein-Obama Admin’s less aggressive stance as states began legalizing recreational as well as medical use of the drug. […]
US AG Jeff B. Sessions to Address Federal Marijuana Enforcement The Big Q: What will US AG Jeff Sessions’ 1st move on Marijuana? Readers, there is a new lawman on the scene, and the Marijuana industry may be in for major upheaval. Just how much change Attorney General Sessions might bring about, and how soon […]
California’s Risks Federal Funds Declaring it a “Sanctuary State” US President Donald Trump said he will consider pulling federal funds from California if it follows up on its threat to become a “Sanctuary State” but says he would rather not be forced to take such a drastic measure. “I think it’s ridiculous, sanctuary cities,” President Trump […]
President Trump in Action Put Washington in Cardiac Arrest $SPY, $QQQ Tuesday the Trump Rally extended and the S&P 500 finished at +14.87 at 2280.07 and the NAS Comp at +48.01 at 5600.95 all time highs. All of Washington DC is in in Cardiac Arrest over news reports that President Donald Trump is planning a budget […]
Medical Marijuana Update Medical marijuana bills are popping up all over the place, a federal bill to protect medical marijuana businesses from asset forfeiture has been filed, and more. National Last Thursday, a federal bill to protect medical marijuana businesses from asset forfeiture was filed. Rep. Earl Blumenauer (D-OR) filed House Resolution 331, which would […]
Federal Judge Blocks Barack Obamacare Abortion and Transgender Protections Saturday, a federal judge in Texas issued a court order barring enforcement of an Obama Administration policy seeking to extend anti-discrimination protections under the Affordable Care Act (ACA) aka Barack Obamacare to transgender health and abortion-related services. The decision sides with Texas, 7 other states and […]
Medical Marijuana Update The DEA has clarified that it still considers CBD to be illegal, Arkansas moves forward on implementation of its new program, Michigan gets legal dispensaries and a favorable court ruling, and more. National Last Wednesday, DEA clarified that, yes, it still considers CBD to be illegal. The DEA added a new code […]
NYC Mayor de Blasio Fundraising Under Investigation Grand juries (2) are hearing testimony in connection with federal and state criminal investigations into NYC Mayor Bill de Blasio’s campaign fundraising. The grand jury action was the strongest indication that prosecutors could be moving closer to one or more indictments. Mayor De Blasio, a Democrat, and several […]
Paid Agitators, Leftist Schoolteachers, Democratic Politicians Behind Anti-Trump Rioting Anti-Donald Trump protests across the country are being whipped up by professional agitators, teachers at schools where students are marching out of class and politicians who talk about “leading the fight.” “I think they could be agitated by the professionals,” former NYC Police Commissioner Kerik said […]
America, in Need of an Enemy, Prepares for Election Day Unrest Expect states with active militias and law abiding citizens in open carry states to be on the alert and at the ready. US officials warned authorities in New York City, Texas and Virginia about an unspecific threat of attacks by al-Qaida militants around Election […]
Donald Trump Expected to File Federal Income Taxes This Month Donald Trump has the opportunity to change the negative narrative on his taxes, that being to release his Y 2015 federal tax return. Recall, that after the 1st Presidential debate with Hillary Clinton, he said his “current returns will be released as soon as they’re […]
The “Headaches” of the Legal Marijuana Industry The legal-marijuana industry faces many challenges to doing business. Most companies in the space are frozen out of bank, cannot use credit cards for transactions, and cannot get loans, huge headaches for the industry. And marijuana is like any other commodity: when there’s a supply glut, the price […]
Pesticide Industry Adds to Bees Population Decline $MON, $BAYRY, $SYT Last week, Friends of the Earth (FoE) released a report, titled “Buzz Kill: How the Pesticide Industry is Clipping the Wings of Bee Protection Efforts Across the US.” The report, by Christopher Cook and Tiffany Finck-Haynes, details the pesticide industry’s outsized role in weakening and […]
Medical Marijuana Update A bi-partisan federal effort to open up research on medical marijuana is now underway, it looks likely that Arkansas will be voting on medical marijuana in November, a New Jersey PTSD bill advances, and more. National Monday, congressional marijuana reform fans and foes said they were working together on a new research […]
Medical Marijuana Update In Oklahoma and Ohio, medical marijuana half-measures are being challenged by initiative campaigns, Oakland tries to create some racial equity in the industry, Maryland initiative hits another delay, and more. California On Tuesday, Oakland passed an ordinance designed to encourage minority participation in the industry. The city council unanimously approved a medical […]