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Flashback: Clinton reneged on promise to pay legal fees, fundraised to cover own bill

“Are we going to pay the legal expenses of every person in America who is ever acquitted of an offense?” writes Paul Bedard for washingtonexaminer.com. And I said before when you asked me that question, are we going to pay their legal expenses, too?. President, will you call on the Senate to resurrect the bill to pay the legal expenses of the people who were fired from the Travel Office?. His White House also promised to sign a bill before Congress to cover the legal fees of those fired in…

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News Corp posts 1Q profit on lower expenses

“Wall Street Journal owner News Corp (NWSA) reported a quarterly profit on Thursday, compared with a year-ago loss, driven by a tight control on expenses amid a decline in print advertising sales” reports foxbusiness.com. Total revenue rose to $2.06 billion from $1.97 billion.Revenue in the company’s news and information division, which accounts for about two-thirds of total revenue, rose 1.6 percent to $1.24 billion in its first quarter. Source: foxbusiness.com Share This:

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Markets News 

How long can your retirement money stand a market downturn?

“Think carefully about the different sources of your income and list out your projected annual income for each specific year” writes Peter Lazaroff for marketwatch.com. Step 1: Determine your annual after-tax expenses.As you list your annual expenses for each of the next 10 years, you can adjust future expenses for inflation of 2% or 3%.If not, then remove funds from your portfolio to cover the difference between your annual after-tax expenses and total income.Total your expected portfolio income with your outside income, and subtract that amount from your projected expenses…

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Markets News 

How long can your money stand a market downturn?

“Think carefully about the different sources of your income and list out your projected annual income for each specific year” writes Peter Lazaroff for marketwatch.com. Step 1: Determine your annual after-tax expenses.As you list your annual expenses for each of the next 10 years, you can adjust future expenses for inflation of 2% or 3%.If not, then remove funds from your portfolio to cover the difference between your annual after-tax expenses and total income.Total your expected portfolio income with your outside income, and subtract that amount from your projected expenses…

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Snap is where hype and money go to die

“Update: Today, Wednesday, Snap shares tank 16%, after it disclosed this morning that Tencent had acquired a 12% stake in past months that neither Snap nor Tencent disclosed” writes Wolf Richter for businessinsider.com. When investors saw the results, shares (SNAP) plunged 17% in late trading to $12.53.This is where hype (and money) goes to die.The day after the IPO in March, shares hit $29.30, which gave Snap a market capitalization of $30 billion. Source: businessinsider.com Share This:

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They prepared to live with Alzheimer’s disease. The GOP tax bill may upend those plans.

“Kevin Brady, R-Texas, the chief writer of the tax plan, is father to two adopted sons” writes Carolyn Y for sun-sentinel.com. But as the Republican tax plan took shape, Davis felt as though the rug was being pulled out from under them.The tax bill would not interfere with that legislation, and Sanders said he was hopeful that Congress would act to reinstate the deduction in the case of future disasters, even if the tax plan passed.Davis planned their finances methodically; once Thorsen’s long-term care insurance ran out, the daunting $98,000…

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Markets News 

NYSE-owner ICE’s profit beats estimates on strength in market data

“Market data services include publication of daily indexes, historical price data, mobile access to ICE’s trading platform and end-of-day settlements” reports foxbusiness.com. Nov 2 (Reuters) – NYSE-owner Intercontinental Exchange Inc reported a better-than-expected quarterly profit on Thursday, driven by strength in its market data services and clearing business, and said it would buy back up to $1.2 billion in shares.Trading and clearing revenue, excluding transaction-based expenses, was up 8 percent to $523 million, helped by higher futures and energy volumes.U.S. exchanges have been buying new products and companies to diversify…

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Lenovo profit drops 80% on expenses, tough market

“Lenovo Group Ltd. (0992.HK) on Thursday said net profit dropped 80% in the April-September period on higher expenses and challenging market conditions” writes Chester Yung for marketwatch.com. For the fiscal second quarter ended September, Lenovo posted a 11% year-over-year drop in net profit to $139 million, while revenue rose 5% from a year ago to $11.76 billion.The Chinese personal-computer maker said net profit for the six-month period fell to $67 million from $330 million a year ago, while revenue edged higher to $21.77 billion from $21.29 billion.Lenovo is the world’s…

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Defense Department: The War on Terror Has Cost $250M a Day for 16 Years

“According to the Congressional Research Service, the only war in U.S. history to cost more than the Global War on Terror is World War II, at more than $4.1 trillion in present dollars” reports ibtimes.com. Direct war-related expenses from the Vietnam War cost $738 billion in today’s dollars.The Department of Defense periodically releases a “cost of war” report. Source: ibtimes.com Share This:

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