Trump Attacked… again
The Second Attempt Hi Reader, Here’s what our editors are looking at today… | | | News: Matt Insley – WHO’S REALLY SHOOTING AT TRUMP? A second assassination attempt on former President Donald Trump yesterday… The animus against Trump is just off-the-charts. This time, the FBI says a lone pro-Ukraine gunman set up at a fence outside Trump’s golf course in West Palm Beach, Florida. But Speaker of the House Mike Johnson says: “Trump needs the most coverage of anyone. He’s the most attacked, he’s the most threatened, even probably more than when he was in the Oval Office.” ⇒ Read More Here | |
Retirement: The Sad Story of U.S. Steel At its peak, U.S. Steel was among America’s largest employers, with over 340,000 workers in mines, mills, rail yards, factories, labs and offices across the land. From 1901–1991, the company’s shares were a component of the Dow Jones Industrial Average. But today, Mr. Carnegie’s legacy company (U.S. Steel: X) is a shadow of its past. Its market cap is about $7.3 billion, far below replacement cost for its assets and facilities. It’s nearly invisible compared with $3 trillion behemoths like Apple, Microsoft and Nvidia. U.S. Steel ranks about 25th in global steel output, which is far behind many steelmaking names, mostly foreign companies of which you likely never heard. U.S. Steel requires significant levels of new investments, and large-scale updates to remain competitive in domestic markets, let alone across the world. How can a $7 billion outfit that ranks 25th in the world in its sector raise that kind of money? (Hint: It can’t.) ⇒ Read More Here | |
Markets: Chris Campbel – Wasted! Big industries rigged the system to make sure their products didn’t last. The goal wasn’t to improve the cars—they didn’t need to. It was to make you feel like your perfectly functional vehicle was obsolete. Then there’s the appliance industry—washing machines, and refrigerators, all built with inferior parts, guaranteed to break after just a few years. Need a new drum for your washer? Sorry, Jerry. It’s cheaper to just buy a new machine. The same strategies that drove consumer goods into obsolescence have quietly taken hold in our healthcare system. But, it’s not always for the reasons most people think. ⇒ Read More Here That’s all for today, we’ll be back tomorrow with more topics and articles from our editors. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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Keep a civil tongue.