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Blue Chip

Tech billionaires are arguing about the homeless

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And they are… Salesforce CEO Marc Benioff and Twitter and Square CEO Jack Dorsey. The two are in a contentious debate about how to help the homeless in San Francisco – evidenced by one another’s tweets. So, we’ll lay out both POVs and let you decide who is right…

 

Benioff wants to see companies… raise money to help the homeless. The Salesforce CEO is even spending money to promote ballot Proposition C, a tax of around 0.5% on businesses gross receipts above $50 million per year. The proposed tax would raise up to $300 million annually which would contribute to housing, mental health treatment, and shelter beds. And to put that figure in perspective, $300 million is double what the city currently spends on homelessness.

 

Jack Dorsey wants to see the mayor… figure out how to deal with homeless people. The mayor is also against the proposition – basically saying that throwing money at the problem won’t help. Thus, Dorsey is not a heartless sociopath; he thinks there are better ways to solve the problem. What do you think about homelessness in San Francisco?

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Blue Chip

A BIG opportunity for retailers…

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There is a $21 billion industry… that has mostly been ignored in years past. That industry is plus-sized women’s clothing, and it is here to stay! In fact, over half of the women in the United States between the ages of 18 and 65 wear a size 14 or higher.

 

Interestingly enough… “plus size” clothing makes up just one-fifth of women’s overall clothing sales. Retailers have realized this opportunity and are racing to capture these customers and meet the demand. For years, various brands, fashion designers, and retailers have all neglected the market – not just plus-size in general, but trendy plus-size clothing.

 

Walmart has already… purchased a plus-size clothing brand called Eloquii last week. The company has also launched Terra & Sky, its private label plus size brand and bought Modcloth who also sells extended sizes. Yes – what was once a niche is becoming the norm – and retailers are taking notice.

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Mid caps

Who even watches the NFL anymore?

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NFL ratings have been down… and the issue is more than the mere money lost by the league and the networks that broadcast the league. The NFL has also become a political issue for Donald Trump and his supporters who argue that the NFL is doomed if players don’t begin standing for the anthem.

 

But now ratings are up… one month into the 2018 season. That’s right – ratings are up 2% compared to last year. In fact, there has been an average of 15.6 million viewers each week across network partners. And while 2% sounds like nothing, it is actually a big deal for network TV as more and more viewers are switching to streaming services (those damn cord cutters).

 

How it happened… well, that we can only speculate (and of course, speculate we will). The games have been high scoring with the most points scored through week five in league history. The games have also been close – with 45 games being decided by one score. And lastly, the NFL has, for the most part, stayed out of any controversy this season. Does it get any better?

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Miscellaneous

Broke with bad credit? There is hope for you yet!

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So you want to buy a home… but you have a terrible credit score? No problem – because the Boston-based brokerage Neighborhood Assistance Corporation of America is holding events for people in your exact shoes.

 

Here are the details… borrowers with low credit scores can go through an education session about the program and submit all necessary documents, including income statements and phone bills. After that, they go through counseling to better understand their finances and how to afford a home.

 

And there you go… you have yourself a house (and a mortgage payment – don’t forget that). The loans are 15- and 30-year fixed with interest rates of around 4.5% and require no down payment. This program is a great opportunity for anyone with credit-mistakes and without $30,000 kicking around for a down payment…

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