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Instagram, which has faced serious allegations of copying Snapchat features, is growing faster than ever. On Tuesday, the Facebook-owned company revealed that it had hit another milestone: 700 million monthly active users. It seems the copycat features are accelerating its […] The post Instagram Growing Fast, Hit 700M Users, Thanks Partly To Snapchat appeared first on ValueWalk.

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ESPN announced a long-awaited round of layoffs today. About 100 staff members are expected to be let go, including on-air reporters and commentators. The cuts are a clear sign of the new economic reality facing live sports broadcasting. Click the audio player above to hear the full story.

Read more: Marketplace All Stories

Is President Trump About to Trigger World War 3? From Mac Slavo: With a U.S. Naval Fleet set to fully arrive off the North Korean coast this week and the rogue state’s leader Kim Jong Un reportedly continuing to expand his nuclear program and missile testing, President Donald Trump told United Nations Security Council ambassadors that […] The post Prepare For War: Trump Asks All 100 U.S. Senators To Attend Rare White House Briefing On North Korea appeared first on Silver Doctors.

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On a day where stocks are rallying and gold is flat, top trends forecaster Gerald Celente has just released a fourth major trend forecast for 2017! The post Gerald Celente Just Released Fouth Major Trend Forecast For 2017! appeared first on King World News.

Read more: http://kingworldnews.com/gerald-celente-just-released-frouth-major-trend-forecast-2017/

On a day where stocks are rallying and gold is flat, top trends forecaster Gerald Celente has just released a fourth major trend forecast for 2017! The post Gerald Celente Just Released Fourth Major Trend Forecast For 2017! appeared first on King World News.

Read more: http://kingworldnews.com/gerald-celente-just-released-frouth-major-trend-forecast-2017/

One of our favorite investors here at The Acquirer’s Multiple – Stock Screener is Joel Greenblatt. Greenblatt serves as Managing Principal and Co-Chief Investment Officer of Gotham Asset Management, the successor to Gotham Capital, an investment firm he founded in […] The post Joel Greenblatt: Human Intervention Hurts Your Performance | Talks at Google appeared first on ValueWalk.

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The U.S. Congress runs up against their self-imposed borrowing limit once again this week. During the last tussle over the borrowing cap in October 2015, Congress agreed to schedule this week’s political theater to occur well after last Fall’s elections. […] The post Trump’s Tax Plan – Another Potential Government Shutdown… Oh My! appeared first on ValueWalk.

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Like so many other high-flying Silicon Valley startups, Clinkle was supposed to ‘make the world a better place’. Founded in 2011 by a guy barely out of his teens, the company picked up early buzz after proclaiming they would disrupt […] The post Silicon Valley Startup Bubble Finally Burst. Which One’s Next? appeared first on ValueWalk.

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The article I’m highlighting this week will make half of the readers indignant and the other half feel righteously vindicated in their thinking. I have no idea which half you are in. What is so controversial? Who pays taxes and […] The post 10 Facts That Show Our Taxes Are Worse Than You Thought appeared first on ValueWalk.

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President Trump on Wednesday plans to call for a significant increase in the standard deduction people can claim on their tax returns, potentially putting thousands of dollars each year into the pockets of tens of millions of Americans, according to two people briefed on the plan....Trump will call for a sharp reduction in the corporate tax rate, from 35 percent to 15 percent. He will also propose lowering the tax rate for millions of small businesses that now file their tax returns under the individual tax code, two people familiar with the plan said. These companies, often referred to
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George Soros, Viktor Orban clash on Hungary university BUDAPEST, Hungary – Hungary’s headstrong nationalist prime minister and Hungary’s most famous expatriate liberal billionaire are on a collision course in a battle over the future of a school. Protesters pledged to […] The post George Soros, Viktor Orban clash on Hungary university appeared first on ValueWalk.

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We’re certain you take critical precautions to protect yourself from a bad online reputation, however, Customer Complaints and negative reviews online are bound to happen at some point or another. Social Media Knowing how to respond to customer complaints online […] The post 4 Reasons Why You Should Never Ignore Customer Complaints On Social Media appeared first on ValueWalk.

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Twitter is looking to stream live video content around the clock, adding to the 800+ hours of content it aired during the first three months of this year. Twitter’s COO and CFO Anthony Noto told BuzzFeed News that the company […] The post Twitter Inc Aims To Stream Live Video Content 24/7 appeared first on ValueWalk.

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In light of recently called elections in the UK, and after perusing economic forecasts, Deutsche Bank has closed its long-standing bearish bet on the pound sterling, taking out “crash risk” and turning neutral on the British currency. Part of this […] The post Deutsche Bank Ends Long Standing Bearish Stance On UK Pound Sterling appeared first on ValueWalk.

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Do you think the government in Washington generally represents your interests, or has the government forgotten about “people like you?” That was the new question we asked in our latest Marketplace-Edison Research Poll.  Despite greater confidence about their economic futures, a whopping three-quarters of our respondents feel overlooked by Washington.  “We're the forgotten Americans. We're swept under the rug,” said Glen Perkins, 60, an African-American truck driver in La Vergne, Tennessee, who participated in our poll. To feel less “forgotten,” Perkins said he would want to see the federal government address African-Americans' high unemployment rates and invest more in public schools. He said the charter schools and vouchers championed by Education Secretary Betsy DeVos won’t serve the needs of black families. “To make a change, they're going to have to specifically say there is a problem going on in black America."  Perkins, a Democrat, didn't vote for President Trump. But even respondents who did help elect the president expressed the feeling that Washington doesn’t look after their interests.  Related Quiz: Find out your economic anxiety level Economic anxiety has eased in the U.S., unless you're a millennial You think Washington has 'forgotten' you — and it doesn't matter what party you're in “Well, not very well,” is how Fred Cousins, 80, of Fort Smith, Arkansas, described how his interests are represented. Cousins, a former furniture manufacturer, said he likes Trump’s focus on thwarting the offshoring of jobs. And he admires Trump’s appointees, especially Supreme Court Justice Neil Gorsuch. But Cousins nevertheless expressed cynicism about Washington politicians.  “They speak one way and dance another,” he said. “And will they perform? Who knows.” “Feeling forgotten” is just another way to express Americans’ deep-seated distrust toward the federal government, according to Steven Smith, a political scientist at Washington University in St. Louis.  “There is a great deal of frustration with Washington, and virtually every poll — no matter what question is asked — shows that,” he said. Smith said surveys show public trust in the federal government has been falling for decades, with a few periods of temporary improvement. He said the distrust is linked to the sense that politicians — liberals and conservatives alike — are unable to compromise on issues like health care. “Instead what we see is the scoring of political points against each other,” he said. “That breeds frustration on the part of everyone. It leads to very low ratings for the president and even lower ratings for Congress. Both sides dislike Congress." But there are ways for citizens to deal with their frustrations and feelings of being forgotten, according to UC Berkeley emerita sociologist Arlie Hochschild. She’s written about Tea Party loyalists’ sense of disenfranchisement in rural Louisiana in her book "Strangers in Their Own Land: Anger and Mourning on the American Right." She had this advice for voters: “I think it's very important for citizens to get active and go to town meetings,” she said. “In other words, try to get seen.” The more that happens, she said, the less forgotten people will be. Take our economic anxiety quiz to see how you compare to the national average.

Read more: Marketplace All Stories

While a lot of attention today was on tax reform, Federal Communications Commission Chairman Ajit Pai was making news of his own. Pai outlined today what might be next for net neutrality, including a possible roll back of Obama-era regulations on internet service providers. Pai also said high-speed internet service shouldn't be treated like a public utility. Host Adriene Hill spoke with Marketplace’s senior tech correspondent Molly Wood to get some context on the latest news for net neutrality. Below is an edited transcript of their conversation. Adriene Hill: I wonder if we can back up here for one second and just talk about net neutrality — remind us what we're talking about.   Molly Wood: When we talk about net neutrality, we are talking about protections regulations that ensure that the providers of internet service cannot discriminate against any services. That they have to provide all services and treat all traffic on the internet equally. So it is often referred to as regulating the internet. What it really is is regulating the internet service providers. Hill: So what did Chairman Pai announced today? Wood: He essentially kicked off his campaign to change net neutrality regulation, and he signaled that his approach is going to be really broad. He said that he will release a complete order to the public tomorrow and will have a long public comment period but that he intends to pursue a pretty dramatic change. Hill: What are we expecting from his plan tomorrow? Wood: Chairman Pai wants what he has referred to and what was referred to over and over in this press conference today — a very light regulatory framework. We suspect that what he wants to do is have ISPs voluntarily regulate themselves. So internet service providers would not be classified as utilities, which they are currently. And that there wouldn't necessarily be specific restrictions in place about how much ISPs can charge, which is what they're really about, worried about — rate changes. Or what kinds of traffic they maybe can allow to go through faster or slower. Hill: Just stripping aside all the sort of inside-y tech stuff, what would this actually mean for me, sitting at home watching Netflix on my couch? Wood: That unfortunately is the bulk of the entire argument. So those on Chairman Ajit Pai’s side say that what it would mean for you is greater innovation greater competition in the web space and that it would mean that telecom providers, like these big ISPs — AT&T, Comcast — that they would have more incentive to build out their infrastructure. That it would mean you'd be more likely to get fast access at home, or if you live in a rural area that they'd feel like “OK, look we have no restrictions on our ways to make money, so we have plenty of incentive to build our infrastructure.” On the other side, opponents of Pai's plan and proponents of strong net neutrality regulations say that it would probably mean rate increases. That it could mean discrimination against certain kinds of traffic on certain networks, say Comcast, who owns NBCUniversal, might say “You have to subscribe to Comcast service and our TV service or else you can't get Netflix.” That's sort of the worst-case scenario on the other side. Hill: So where does this debate go after tomorrow? Wood: It will go to public comment, and then it will eventually go to a vote with the FCC. But there are hints that the ultimate goal is to basically take this whole issue and put it before Congress, because this is the third time that the FCC has taken up the question of net neutrality. It is highly contentious, it's very partisan and politicized. In fact, I was very surprised at Chairman Pai's tone in talking about this today and how dismissive he was of every other argument that's come before. So a lot of people in the middle of this argument say what we actually need is a long-term relatively nonpartisan lasting legislative answer to this question so that it doesn't keep pingponging back and forth between, you know, partisan FCC commissioners.

Read more: Marketplace All Stories

The White House unveiled a one-page outline of President Trump’s long-touted tax plan today. The proposal is short on details, but among other things, it calls for a reduction in the corporate tax rate, from 35 percent to 15 percent. It also cuts down the number of income tax brackets to three and gets rid of the estate tax. On the surface, it seems like Trump's tax reform plan would be a home run. He’s a Republican president, and there’s a Republican-controlled Congress. But with a divided GOP and Democrats who are not eager to roll over on their sticking points, what comes out on the other end of this legislative process may not look much like the president's outline. One of the big sticking points will be the cost.  “There are Republicans who say their primary concern, above all else, is fiscal responsibility and cutting the deficit, and they're not just going to back down because there's a Republican president,” said Lindsay Koshgarian, research director with the nonprofit group National Priorities Project.  For instance, Trump's proposal to cut the corporate tax rate to 15 percent could add more than $2 trillion to the national debt over a decade, according to the Urban-Brookings Tax Policy Center. “I think that's going to be a big problem for him with members of the Republican caucus who don't want to see that big increase in debt,” said Robert Pozen, senior lecturer at the MIT Sloan School of Management. The same thing goes for cutting the estate tax and other taxes. If those cuts are not paid for, Trump may have some trouble getting Republicans on board. And it’s unlikely he’ll get support from Democrats. So what might tax reform look like once it’s been put through the wringer in Congress? At the very least, there will probably be some decrease in the corporate tax rate, maybe closer to what corporations pay in Europe and Asia, said Eric Hananel, at the accounting firm UHY Advisors. “I think that 20 percent is more realistic relative to world tax rates,” Hananel said. “So I think that we're going to be closer to that.” That is, if tax reform manages to pass Congress.    

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"This is Spinal Tap," the mockumentary about a fictional heavy-metal band, paved the way for a genre of docu-style films and TV shows, like "Best in Show," "The Office" and "Modern Family." But much like the fictional band’s failed entrance to onto a Cleveland Stage, when "This is Spinal Tap" was released in 1984, its box office take was a letdown. But in the years since it opened, it’s become a classic. Now Harry Shearer, Rob Reiner, Michael McKean and Christopher Guest, the four creators of the film, are suing the company that owns the rights for $400 million. Marketplace host Adriene Hill talked with Robert Kolker about his article for Bloomberg Businessweek on the lawsuit. The following is an edited transcript of their conversation. Adriene Hill: So, this is a pretty well-loved film. You report that the creators have made almost nothing for it. How is that possible? Robert Kolker: Well, they signed a pretty short but what was standard deal at the time with Embassy Pictures, which went out of business shortly thereafter. And then the rights to the movie shifted from owner to owner until now they're finally with Vivendi. And, according to the contract, all the creators of "Spinal Tap" — that's the three members of the band and Rob Reiner, the director, are entitled to back-end participation. That is to say, profits. But according to Vivendi, each of them only made something like $81 for merchandising and $98 for songs. It's hard to believe that a movie that's been circulating for so long and adored by so many wouldn't pay off anyone who's entitled to the back end. But these guys have gotten basically nothing. Hill: Talk me through the accounting that goes into this. What do we know about how the Vivendi is coming up with this number? Kolker: Well, more will come out probably as the litigation proceeds and if an audit actually happens. But, well, the running joke in Hollywood is that no movies ever make money and that if you want to have that back-end participation in the movie, good luck finding it. It just isn't going to be there. And the most significant lawsuit decades ago about this was the "Coming to America" lawsuit that Art Buchwald filed. He wrote a treatment and had an idea for a movie, and Paramount bought it, and they promised him a piece of the profits. And "Coming to America" made $288 million. And yet somehow it didn't make a profit. But that case settled before Paramount's techniques and tactics could really be exposed to the public, and so everyone has been sort of waiting for another splashy lawsuit that will expose what Hollywood does. Hill: And is this that lawsuit, you think? Kolker: I think potentially it is, because you've got four guys who aren't interested in settling and who are interested in, you know, being influential in helping young creators like the people they used to be decades ago. Hill: And Harry Shearer here is sort of leading the charge, is that right? Kolker: Right. And he's the one who initially filed the lawsuit. But then in February he was joined by the rest of the band, and they all are saying the same thing. And so suddenly, it becomes a much more significant potentially for Hollywood, not necessarily because of the money at stake but because of the publicity it can engender and because of what it can expose about the techniques that all studios use to sort of move money around so that movies don't make profit. Hill: Could this case be precedent setting in that way? I saw an editorial he wrote in Rolling Stone basically saying “this is for all creators,” but does it have the potential to do that going forward, to actually impact creators today? Kolker: I think the most likely scenario of it having an impact is if they don't settle and this winds up in court, and suddenly it will be bad publicity for the entire industry. And so, Hollywood studios will be shamed into changing their practices or making them a little bit more transparent. That's what makes this case so special. I don't think they're going to settle. I don't think Harry Shearer has any motivation to settle. He's not doing this for money. He's doing this because he feels like he's wearing the white hat here, and he thinks that he can probably strike a blow for truth and justice here. Kolker: Robert Kolker is a reporter at Bloomberg BusinessWeek. Thanks so much. 

Read more: Marketplace All Stories

Key to President Trump’s tax plans announced today is accelerated economic growth. That’s probably one reason the president took to Twitter this morning to complain about modest growth in 2016. He said trade deficits were to blame. "Trade deficits hurt the economy very badly" he wrote. But economists say that’s not really right.  Click the audio player above to hear the full story.

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