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American Business News for 13 Dec 2015

Experts think jobs on WallThere's a pall over the financial markets this holiday season, and it has little to do with the shortage of daylight this time of year. The lifeblood of the street -- bonuses -- will be cut, and if... you survive, there's no guarantee of a better 2016. That's because Wall Street is bracing for merciless...
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Less than a mile from the state Capitol, a former steakhouse shows little evidence that it was once part of a movement to change Florida's schools. …
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Goldman's Kostin: 2016 profitsGoldman Sachs' David Kostin shares his top five stock picks for 2016.          
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New interest rates hike couldYou survived X number of years of getting little to nothing on your savings account. Now you may begin to see signs for certificates of deposit with an interest rate that is teasingly harkening back... to the good ol' days -- you remember, with positive digits to the left of the decimal point -- because...
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What to expect after thisIt's finally near. That long-awaited day when the Federal Reserve removes the training wheels from the US economy and raises rates, if they have the intestinal fortitude. Yes, after a full seven years... of pegging the federal funds rate at a never-before-seen zero, the Fed -- barring any disasters or last-minute political wrangling -- will...
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New York's unseasonably warm© Getty/AFP/File Spencer Platt New York set a record Sunday for the warmest December 13, with some residents heading out in shorts and sandals just 12 days before the usually frigid Christmas... holiday. Midday temperatures in Central Park climbed to 66 degrees F (19 degrees C), according to the National Weather Service. On Saturday, which was also unseasonably warm, thousands of people participated in the city's annual "SantaCon" bar crawl, which sees revelers dress up as various holiday characters, with some Santa Clauses turning out in only a t-shirt and red trousers or even going bare-chested. The mean temperature for New York on December 13 is 38 degrees F, with the highest previous recorded temperature for the day at 64 degrees F in 1923. Data records were first kept beginning in 1869....
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What the Economy Gets WhenA California program with an $8.7 million annual budget is estimated to produce $56 million in society-wide gains.
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Belinda Johnson steers AirbnbThe gig: Belinda Johnson, 48, is chief business and legal officer at short-term home rental company Airbnb. She joined the San Francisco firm, now valued at $25 billion, in 2011 as its first general... counsel and one of its first executives. In July, she became Chief Executive Brian Chesky's right-hand...
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How much could Marissa MayerYahoo Chief Executive Marissa Mayer was not only the highest-paid female CEO last year, she was one of the best-paid CEOs overall. Depending on which ranking you check, her $42.1 million in 2014... compensation notched her as the 23rd, the 14th or even the fifth most highly paid CEO of a major U.S....
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Michael Eisner on how to make  It's been a decade since Michael Eisner stepped down as CEO of the Walt Disney Company. Today, with his privately held Tornante Company, he's fully immersed in new media, and has a lot to say about... what makes quality content and why he wants to be the one to own it. Henry Blodget: It’s been a while since Disney. What have you been up to? Michael Eisner: Oh my god — everything. I decided that when I left Disney I would really leave. It’s a little bit like when you have a house and you say, “I can’t leave, and I could never sell it,” and then you sell it and you decide that’s that. I’m happy with how well Disney’s done, and how well Bob Iger has done. I’m a big investor, so that all worked out well, and I’m connected with them and talk to them, but I really decided I...
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A top JP Morgan strategistMark Norman Francis/Getty As the arbiter of monetary policy for the largest economy in the world, the Federal Reserve is usually thought of as having a pretty solid grasp on all things economic.... According to David Kelly, chief global strategist at JP Morgan, however, the way that the Fed is approaching interest rate hikes shows a lack of economic understanding. "I honestly think they have misunderstood a rate hike's effect on the market," he told Business Insider. "They're all smart people and well intentioned, but I don't know that there has been enough investigation into the nonlinear response of the market to interest rates." To Kelly, the Fed has approached the issue of hiking interest rates, which could come as early as next week, the wrong way. The basic way of understanding...
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Reuters/Howard Burditt Late on Wednesday, South African President Jacob Zuma fired his well-respected finance minister, Nhlanhla Nene, out of nowhere, and he replaced him with an unknown former mayor,... David van Rooyen. Right after that, the country's currency, the rand, plunged to a record low, down about 3%, to 15.0563 against the dollar. The rand dropped lower still on Friday, reaching 16.018 against the dollar earlier in the day, and yields on the country's 10-year bonds jumped to 10.5%, up from 8.8% two days ago — just a hair below the 10.8% reached during the financial crisis. "This suggests that the firing of Mr. Nene has not merely startled the markets, but prompted a more fundamental re-evaluation of views towards South Africa's long-troubled economy," wrote Capital Economics'...
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Glassdoor/Airbnb Thinking of getting a new job in 2016? Job-hunting site Glassdoor has the inside scoop on which companies to target. It scanned its massive database of employer listings to find the... 50 companies with the most satisfied workers, according to employees who submitted ratings and reviews on the site. Reviewers rated their companies on a five-point scale: 1.0 = very dissatisfied, 3.0 = OK, 5.0 = very satisfied. Scroll down to find out where the big names like Facebook, Apple, and Nike ranked — and to see which smaller, up-and-coming companies made the cut this year. No. 50: SolarCity Glassdoor Score: 3.9 SolarCity is a full-service solar-power systems provider for homes, businesses, and governments. "Clear, concise, transparent communication throughout the company is...
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Wells Fargo's Moser on stocksJeff Moser, manager of Wells Fargo Large Cap Core Fund, shares top stock picks for 2016.          
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Planet Fitness In a world dominated by SoulCycle and barre workouts, it seems easy to forget about the traditional, membership-based model.  There's luxury gym chain Equinox with its diehard gym... rats and the mid-level Town Sports Clubs. Then, on the other end of the spectrum, there's Planet Fitness, which went public this summer — just when SoulCycle announced it would file for an IPO.  Yet these two fitness setups couldn't be structured more differently. Planet Fitness is the antithesis of the boutique fitness model — a basic membership costs $10 (a "black" membership, which entitles you to visit other franchises and use the tanning stations and massage chairs, is $19.99), plus a $20 initiation fee. There are no classes. There are no frills. There are no free weights above eighty...
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Time Warner CEO's house burns down in Connecticut

New York Post - 13 Dec 2015 04:32
Time Warner CEO's house burnsTime Warner CEO Jeff Bewkes didn't get a chance to hang the Christmas stockings on the chimney with care. Bewkes spent Monday night on the curb outside his burning home in Connecticut. Bewkes managed... to escape the late night blaze, which was likely caused by embers from a fireplace, according to a report in Patch.com....
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There is one debate dominatingREUTERS/Andy Clark Wall Street is pretty much in agreement that the Federal Reserve will lift interest rates on December 16.  What isn't clear is what that will mean for competition for consumer... deposits. Put another way, it isn't obvious that consumers will have financial institutions competing for their cash by offering better returns.  "There's probably no bigger debate today than this very issue," Wells Fargo CEO John Stumpf said December 8 at the Goldman Sachs Financial Services Conference in New York. "And the frank, the honest answer is: none of us know." After nine years without a rate increase from the Federal Reserve, it is widely expected that next week US central bankers will reverse the zero-interest rate policies largely credited for the country's economic rebound in the...
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Unsuccessful investing can beReuters/Brendan McDermid In investing, knowing how to not lose money is as important as knowing how to rake in returns. Ritholtz Wealth Management's Ben Carlson makes this clear in his recently... published book "A Wealth of Common Sense", also the name of his blog, which aims to provide simple, yet solid guidelines that work for any investment plan in the long run, devoid of any quick fixes or bells and whistles.  "The very best investors know how to stay out of their own way," he writes. "This doesn't mean that every decision you make will be the correct one at the right time. That's an impossible goal. But make enough good decisions over time and reduce enough unforced errors and your probability for success is much higher than the alternative." Simple enough, right? Not really. As...
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Is F.C. Barcelona's $1.1BBut there is a discrepancy between Barcelona's published numbers and what is regarded as revenue versus turnover. Revenue is normally regarded as excluding any impact from player transfers - adding in... player transfers normally equates to turnover.
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Turnaround For Value InvestingMany value investors underperformed as the market soared over the past several years, but the tables may soon turn for quality, large-cap, liquid stocks, Bank of America Merrill Lynch Global Research... analysts said this week.
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Thomson Reuters With tears in her eyes, Mohammad Halisi's young daughter asked her father "Why are we bad?" after seeing reports that a Muslim couple killed 14 people in California last week, and... wanted to know whether she should hide the fact she is Muslim from others at her school. Recalling the conversation while choking back his own tears, the 61-year-old father said he felt frustrated that he and his family were being held responsible for the actions of people he branded "a couple of idiot terrorists." "It's getting to a point where you have to hide who you are," Halisi said on Friday night at the Islamic Society of Corona-Norco mosque where leaders and law enforcement met to address negative perceptions of the Muslim community. "Seven-year-old kids cannot say they're Muslims because...
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Republican presidential candidate Donald Trump said in an interview aired Sunday that Democratic presidential candidate Hillary Clinton has killed "hundreds of thousands of people with her stupidity."...
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Thomson Reuters France just displayed how a candidate like Donald Trump could lose. Last Sunday, it looked like Marine Le Pen's National Front, a far-right party known for its anti-immigrant rhetoric... and stance against the EU, might make an unprecedented leap to power. In the first round of key regional elections, the party looked like it could take power in six of France's 13 regions. But in round two a week later, the National Front was completely trounced. The party didn't take a single region. That's because after seeing the National Front gain such a commanding lead, France's Socialist Party withdrew some of its candidates in key regions and urged its supporters to back the center-right party, the Republicans. Former President Nicolas Sarkozy, the leader of the center-right party...
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We're Down to the Wire!

TPM - 13 Dec 2015 23:44
Folks, this is it. We have just over two weeks to go before the end of the year. And we're more than 5/6th of the way to our goal of 3000 new subscribers. We need 449 more sign ups to get there.... Growing our membership is critical to our future as a publication and an organization. Please take the leap, the plunge! Click right here. You'll get a smoother, less cluttered version of the site, new features and most of all you'll be supporting our journalism.
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Now You Can Effectively Get ABest Buy is running another one of its successful TV/game console deals, this time featuring the Star Wars: Battlefront or Uncharted Collection PS4 bundles and a 58" Samsung LED HDTV for $799.99. The... TV is currently on sale for $549.99, so that puts the price of the PS4 down at $249.99 (By the logic I've used in other posts, the actual price would be $189.99, subtracting the $60 for the game. But since you basically can't buy a new console without a game anymore, I'm not subtracting here). This is of course, bundle logic: assuming you're in the market for a pretty big TV and a game console simultaneously, it's a solid deal on both. If you don't have a 58" wall that needs filling it won't do you as much good. The deal will run from today until Saturday, Dec. 19, and Best Buy lists the...
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