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In The News – Thursday, October 23rd, 2014 Edition
Posted Oct 23 2014 7:00AM
  • This is a very interesting article from USA Today that shows the evolution of our diversity from 1960 projected to 2060. It’s clear from looking at this that we are undergoing a major transformation. Black Americans will notice it even more as they become a smaller and smaller minority due to immigration from other countries. Scroll down to the interactive map.

  • More of Your Tax Dollars at Work.  “Only someone with too much of someone else’s money and not enough accountability for how it was being spent could come up [with] some of the zany projects the government paid for this year,” Mr. Coburn said upon releasing the report.

  • I’ve commented on the tough months that hedge funds have been through. Here’s what one of the top managers has to say. If you read his comments, it’s pretty clear that the masters of the universe had three big bets go against them and they paid a heavy price. I dare say that most individual investors weren’t heavily invested in Fannie Mae/Freddie Mac securities or the AbbVie inversion or abnormally long Crude futures, so let’s just shed a few crocodile tears and move on while these guys try to figure out how their bonus of 20% of no excess S&P 500 return is going to sound to their wives. Real estate agents in the Hamptons are extremely worried.

  • Who would believe that something as perfect as bacon could be improved upon? Scot Bush, the founder of Templeton Rye decided to raise some pigs on spent rye mash, leftover from the whiskey making process. Apparently the pigs seemed to enjoy their diet and as one taster of the final product said, “It was hands down the best tasting pig I’ve ever eaten.”

  • Shopping around can save you money, even in healthcare. Not sure I’m ready to beat up my GP over prices and go bargain basement, but on advanced diagnostics it may make sense.

  • I told you it was a good sign when Dennis Gartman called the end of the bull market. So far, so good.

  • Voter fraud in Chicago? Come on. You can’t be serious. State Representative Jim Moynihan tried to vote for himself and the machine cast a vote for his opponent. Then when he tried to vote for other Republicans the machine wouldn’t let him. Jim Cook, deputy communications director for the Cook County Board of Elections chalked it up to “calibration error”. It’s like the anecdote I included last week about the guy who voted Republican to the day he died and since then he’s voted a straight Democratic ticket.

  • I’ll end with this classic put on of a bunch of organic foodies being fed McDonalds that has been disguised. It’s too good.