Happy Monday! Ed’s Daily Notes for April 7th   Leave a comment

Calvin-and-Hobbes-happy-monday(hat tip to Imgion.com for the pic)

For the week ahead, the big economic event will be the release of the Federal Reserve’s Open Market Committee meeting minutes from March 19th, on Wednesday.

However, bigger than that is the start of earnings season! Alcoa (AA) releases their report tomorrow. After that, the big earnings reports will start on Friday, with Wells Fargo (WFC) and JPMorgan (JPM) both reporting.

I will be watching for the Samsung earnings guidance, which is expected to be released early Tuesday. That should give a strong hint of what to expect in the tech sector for this earnings season.

National Review Online: How Comcast Bought the Democratic Party

The communications giant Comcast announced in February that it would buy Time Warner Cable for $45 billion, creating the largest cable provider in America, with more than 33 million customers. That is about one third of the U.S. cable- and satellite-television market. FCC approval is required for the merger to go into effect. Critics of the deal say it would lessen competition and lead to even shoddier customer service. They are probably right, as all of us will soon find out, because there is little chance the merger will be stopped. Comcast, Time Warner, and their political fixers have spent years preparing for this moment — by buying off the Democratic party.

Read the rest of the article to find out how. Whether the Comcast-Time Warner deal should be allowed is a different issue, but the fact (and yes, it is a fact) that both companies are firmly married to the Democratic Party will mean the deal will go through with little or no oversight.

Mind you, this is not a broadside against the Democrats. I am sure with a bit of digging, you can find companies with similar relations to the Republicans. The point is that this is how our government works. (By the way, for those of you in other countries, don’t laugh. I’m sure your countries have the same problem.)

But keep voting for the “D’s” and “R’s”. It makes life so much easier for Wall Street when you do.


Posted April 7, 2014 by edmcgon in Earnings Season, Editorial/opinion, Humor, Music, Politics

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