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Cloud computing PagerDuty files for IPO

“The San Francisco-based cloud computing company filed to sell $100 million in shares, although that figure is often a placeholder used to calculate registration fees” writes Claudia Assis for marketwatch.com. Proceeds will be used for general corporate purposes, including working capital, operating expenses, and capital expenditures, the company said. Source: marketwatch.com

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Will the U.S. Finally End the Death Penalty?

“The American death penalty is extraordinarily fragile, with death sentences and executions on the decline” writes Co-director Of The for theatlantic.com. That’s when the California Supreme Court declared the death penalty inconsistent with the state’s constitutional prohibition of cruel or unusual punishments—only to have the death penalty restored a year later through popular initiative and legislation.California, with its disproportionately large share of American death-row inmates, announces an end to the death penalty.Or is it a harbinger of further decline and perhaps even abolition of the American death penalty?. Public support…

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Alicia Munnell: People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

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People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

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The Trump budget’s economic forecasts should work, for now

“As for labor force growth, Hassett points to rising levels of labor force participation as an indication that even in times of low population growth, we can still enjoy the contributions of a growing labor force” reports washingtonexaminer.com. When the Trump administration unveiled its 2020 budget proposal this week, attention quickly focused on its strong assumptions about future economic growth.The next chart shows that year-over-year growth in output per hour for U.S. labor, labor productivity, in other words, hit 1.76 percent.Ultimately, the limits of GDP growth are set jointly by…

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Florida is again the U.S. scam capital, and millennials are the prey

“Of 1.4 million frauds reported to the agency, more than 210,000 consumers in Florida made complaints with losses of more than $84 million” writes Doreen Christensen for sun-sentinel.com. When it comes to scams, Florida is still No. 1, with millennials — not seniors — in the crosshairs, according to the latest fraud report from the Federal Trade Commission.But in Florida, the top frauds were debt collection, identity theft and impostor scams.Nationally, impostor scams, telephone/mobile services and ship-at-home/catalog sales were the most prevalent frauds, the report showed. Source: sun-sentinel.com

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2020 Democrats Kamala Harris, Cory Booker, and Bernie Sanders applaud California’s governor for freezing the death penalty in his state

“Gavin Newsom is expected to use executive action on the death penalty in a state where more than 730 inmates are on death row Sen” writes John Haltiwanger for businessinsider.com. “We can’t properly reform our broken criminal justice system without ending the death penalty,” Sanders tweeted.Two high-profile Democratic presidential candidates are lauding California Governor Gavin Newsom’s decision to impose a moratorium on executions in his state.Bernie Sanders, who has condoned abolishing the death penalty and is among the leading contenders for the Democratic nomination, said the move is “very good…

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Investors can get ‘Bernie Madoff insurance’ to protect their money from fraudsters

“Investors who have their money managed by a big Wall Street bank may hope that in the event of fraud the bank will make them whole” writes Brett Arends for marketwatch.com. Now, a new insurance product aims to offer investors some protection.For those whose money is managed by a small firm, the risks are even greater, they argue.The insurance policies’ pricing formula is proprietary and based on a “secret sauce,” said Mike Connor, president of Berkley FinSecure.Capital Shield Insurance Services, a new company set up in Ft. Source: marketwatch.com

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Adventures in capital venture: Local groups make Silicon Valley-like connections

“GroGuru, Inc., based in San Diego, California, is another agricultural company that joined Valley Ventures in the early stages” reports thebusinessjournal.com. While the ag and technology industries are a focus for investment, Central Valley Angels keep an eclectic approach on where to invest, not putting all of its eggs into one basket. Source: thebusinessjournal.com

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