Posts by Aaron Task
- Aaron Task at Daily Ticker1 day ago
In conjunction with the April 15 tax deadline, the organization Americans for Tax Fairness released its annual report on Walmart and the Walton Family.
Subtitled "How Taxpayers Subsidize Americas's Biggest Employer and Richest Family," the report concludes the company and its founding family received $7.8 billion in tax breaks and taxpayer subsidies in 2013, featuring:
Walmart(WMT)calls the report "inaccurate and misleading” and even some who support its overall focus take issue with the specific findings.
- Aaron Task at Daily Ticker3 days ago
After a rapid rotation out of high-flying growth stocks and into value names, the bull market's music seemed to stop last week -- save for the faint sound of Martha and the Vandellas' "Nowhere to Run" playing in the background.
But while the selling has spread beyond formerly high flying tech and biotech names, David Winters, manager of the $2.3 billion Wintergreen Advisers funds, says there's still great value in value stocks.
As as "the bloom has come off the rose" of the "most speculative securities" investors are "realizing you'd rather go for the steak than the sizzle," Winters says. "We think there's a lot of steak out there that's available for big discounts: you can get filet mignon for chuck prices."
Winters' favorite cuts of beef (stock) include:
- Aaron Task at Daily Ticker6 days ago
After Russia seized Crimea last month, America and her allies responded with sanctions against Vladimir Putin's inner circle -- and a lot of rhetoric. “President Obama underscored to President Putin that the United States continues to support a diplomatic path in close consultation with the government of Ukraine and in support of the Ukrainian people with the aim of de-escalation of the crisis,” the White House said in a statement on March 28. “President Obama made clear that this remains possible only if Russia pulls back its troops and does not take any steps to further violate Ukraine’s territorial integrity and sovereignty.” Fast forward to today: Russian troops remain on the border and poised to strike, according to analysis of NATO photos released Thursday. Meanwhile, pro-Russian protests in several Ukrainian cities could provide Putin a pretext to annex more territory. With the American people and our NATO allies showing little or no appetite for conflict, the conventional wisdom among the pundit class is the U.S. is powerless to fight Russian aggression.
- Aaron Task at Daily Ticker20 days ago
"Unless we deal with coal, we're not going to be able to deal with climate change," says WIRED contributing editor Charles Mann, whose cover story in the magazine's April issue tackles the tricky issue of 'clean coal.' Clean coal sounds like an oxymoron: coal-fired plants are responsible for over 70% of the world's carbon dioxide, producing 10.4 billion tons per year, according to Mann. Coal also produces the vast majority of black carbon, the second-biggest contributor to climate change.
More than a century’s worth of coal remains beneath the surface -- an amount so large, two University of Victoria climate scientists calculated in 2012 -- that burning it all would raise Earth’s average temperature as much as 44 degrees Fahrenheit.
- Aaron Task at Daily Ticker23 days ago
Sen. Elizabeth Warren has penned an op-ed entitled 17 Million Reasons to Raise the Minimum Wage and AFL-CIO chief Richard Trumka has proposed debating Heritage Foundation President (and Tea Party favorite) Jim DeMint on the issue. But the reality is a federal minimum wage hike is almost certainly not happening this year, despite popular support for the measure.
"This current Congress does not seem disposed to do anything I consider useful," Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities, tells me in the accompanying video.
Bernstein supports the proposed congressional bill that would raise the minimum wage to $10.10 an hour and hasn't given up hope that "there's a role for better fiscal policies targeting the employment of groups left behind."
- Aaron Task at Daily Ticker27 days ago
Politics make strange bedfellows...and then there's the issue of legalized marijuana. Conservative icon (and GOP kingmaker) Grover Norquist has turned out to be a surprising ally for the burgeoning marijuana industry. "I have endorsed legislation that would remove the tax penalty for someone who ran a medical marijuana dispensary," Norquist says. "Right now you're not allowed to take normal exemptions like paying your staff -- and you should be able to." On the surface, it would seem strange that Norquist -- President of Americans for Tax Reform -- would advocate policies that allow the federal government to tax anything , in this case marijuana dispensaries. But rather than supporting taxation per se, Norquist says he is in favor of "tax equality" for marijuana-related businesses that can now operate legally in 24 states.