SPLS: Staples Ends Test of In-Store US Post Offices

Jul 15, 2014, 1:53 pm EST

Staples (SPLS) will end its pilot program of mini in-store post offices.

The move comes amid protests from US postal workers and labor unions regarding the retailer’s partnership with the US Post Office. The American Postal Workers Union believes that the program put the jobs of unionized postal workers at risk considering the move could lead toward privatization.

Staples’ pilot program offered only USPS shipping services at postal service counters in 82 stores across four states. The retailer will now be part of the Post Office Approved Shipper program. Read 

ENRT: Marijuana Stock Enertopia Gets High on Pot Production News

Jul 14, 2014, 12:11 pm EST

Marijuana stock Enertopia (ENRT) boomed Monday morning thanks to the approval of medical marijuana in Burlington, Ontario. Source: ©iStock.com/CapturedNuance

The company announced that the city of Burlington has legalized the cultivation, production and sale of medical marijuana in zoned locations. Toronto had already legalized the sale of medical marijuana but Burlington had yet to open a facility until now.

“It needs to be mentioned that there was no negative feedback during the public hearing process, a true testament to growing acceptance of Medical Marihuana being used as a medicine for people in pain or other chronic conditions,” said Robert McAllister, CEO of Enertopia Corp. Read 

Government Waste: US Made Staggering $100B in Improper Payments

Jul 10, 2014, 11:29 am EST

The amount of government waste in 2013 was still sky-high as the U.S. made roughly $100 billion in improper payments.

This massive figure includes a number of improper payments such as unqualified tax credits, unemployment benefits given to citizens who are employed and medical payments for those who don’t need it.

The U.S. government waste can be attributed mostly to overpayments which account for roughly $97 billion. About $9 billion in underpayments also occurred. Read 

Recreational Marijuana Is Now Legal in Washington

Jul 8, 2014, 2:28 pm EST

The sale of recreational marijuana is now legal in the state of Washington. Source: ©iStock.com/CapturedNuance

24 retailers were given licenses to sell weed for recreational use by the Washington State Liquor Control Board. These licenses allow business owners to sell marijuana products to consumers over the age of 21.

The state said that the dispensaries will have limited supplies of marijuana in its stores at first. The law allows customers to buy up to an ounce of dried marijuana but they will only be able to buy a fraction of this amount for now in order to ration supplies. Read 

How to Profit From the New Recession

Jul 7, 2014, 2:19 pm EST

Prepare for recession, round two.

First-quarter GDP has been revised twice. First it went from flat to -1.0%, and then was revised down again to an astonishing -2.9%. As Dr. Charles Krauthammer said in a recent interview, everyone is blaming it on the weather, as if we never have bad weather. True, this was a brutal season in regards to snow, but not so awful that it would shrink GDP by this much.

The Obama Administration has mismanaged economic policy from the outset. I’ll let other pundits determine the reason, but there are multiple glaring atrocities in regards to economic policy that have led us to this point. Read 

SBA Loans – A Crisis Is on the Way

Jul 2, 2014, 9:30 am EST

Let’s refresh our memories regarding the origin of the mortgage crisis. There had always been pressure on the federal government to make home ownership “more affordable” by loosening underwriting standards, beginning with the Community Reinvestment Act. This act was repeatedly revised, but the thrust of it was to allegedly reduce redlining of mortgage applications based on race.

Make no mistake: There is no room for race being a factor in the granting of credit. What matters with credit is nothing more nor less than a borrower’s ability to repay a loan. That comes in the form of quantitative analysis and risk management. When politics gets involved, only bad things can happen.

And they did. Read 

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