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The pen is mightier than the sword - A picture is worth a thousand words
Attorney
General Loretta Lynch says health care fraud sweeps across the country
have led to charges against 300 people including doctors, nurses,
physical therapists and home health care providers accused of bilking
Medicare and Medicaid. (June 22)
A
new dating app is using AI and curation in the hopes of finding singles
love. But if it wants to succeed, it will have tough competition
against the likes of Match.com and Tinder. CNBC's Phil Han reports.
The
current low-yield, high-volatility market is making preferred stocks
all-the-more attractive, said Ben Fulton, CEO of Elkhorn Investments.
Fulton launched the Elkhorn S&P High Quality Preferred ETF last
month. The EPRF is based on the S&P U.S. High Quality Preferred
Stock Index, which selects fixed-rate investment grade preferred issues
(BBB- or higher) from U.S. listed preferred stocks and maintains an
allocation of 75% to cumulative preferreds. 'This is a way for people to
take risk off in a preferred portfolio,' said Fulton. 'There was no
investment grade only preferred exposure in the ETF space so we are
delighted to bring this.' In general, preferred stock is a class of
equity security that pays a specified dividend that must be paid before
any dividends can be paid to common stockholders, and which takes
precedence over common stock in the event of the company's liquidation.
Although preferred stocks represent a partial ownership interest in a
company, preferred stocks generally do not carry voting rights and have
economic characteristics similar to fixed-income securities. Preferred
stocks generally are issued with a fixed par value and pay dividends
based on a percentage of that par value at a fixed or variable rate.
Additionally, preferred stocks often have a liquidation value that
generally equals the original purchase price of the preferred stock at
the date of issuance. 'We have not distributed yet, but we are
anticipating a 5.5% to 6% type of yield,' said Fulton. Unlike most
preferred stock funds which hold predominantly bank issues, the EPRF has
a very large REIT allocation, holding preferreds from the likes of
Kimco , Boston Properties and Public Storage . 'REITs have a very good
history of paying because they want to come back to the market,' said
Fulton. 'They have to pay back the preferred holders both past dividends
and future. That's why they tend to have a higher credit rating in the
marketplace.'
Landmarks
in European cities and newspapers showed their support for the U.K.'s
'Remain' campaign ahead of its referendum Thursday on membership of the
European Union. Photo: European Union
The
container vessel COSCO Shipping Panama set sail from the Greek Port of
Piraeus today on its way to Panama to make history. The Neopanamax
vessel will make the inaugural transit of the Expanded Panama Canal on
Sunday, June 26, after a 14-day journey.
Panama Canal
Administrator Jorge L. Quijano met with COSCO Shipping Panama's Captain
Jude Rodrigues and crew members prior to the ship's departure.
Jump to Construction timeline - The construction of the third set of locks project was originally slated to take seven or eight years, with the new locks ...
‘He Didn’t Do It For Terrorism’ — Man Claiming To Be Orlando Attacker’s Lover Comes Forward
A
man claiming to be the lover of the murderer in the Orlando terrorist
attack gave an interview to Univision published Tuesday, in which he
says that the killer was motivated by a personal vendetta to seek
revenge against the gay Latino community.
“The thing that makes
me want to tell the truth is that he didn’t do it for terrorism. In my
opinion he did it for revenge,” a man who asked to be referred to as
“Miguel” told Univision Noticias anchor Maria Elena Salinas. Miguel
appeared in the interview wearing a disguise.
A report from Fox News on the news of Miguel’s interview.
Miguel
described the killer, Omar Mateen, as having been wracked with
self-loathing about his sexual orientation, resentment against gay
Latinos, and an alcohol problem. He said that he and Mateen met on the
gay dating app Grindr the year before and described the two-month-long
relationship as one of “friends with benefits.” It ended in December,
when Miguel moved away from Orlando. He said Mateen enjoyed being
cuddled and described him as “affectionate” and “sweet.”
Following
an assignation with two Puerto Rican men, one of them revealed to
Mateen after the fact that he was HIV positive and Mateen became
incensed, Miguel said. “He was terrified that he was infected,” Miguel
said. “I asked him, ‘Did you do a test?’ Yes. He went to the pharmacy
and did the test … it came out negative but it doesn’t come out right
away. It takes four, five months.”
“‘I’m going to make them pay for what they did to me,'” Miguel recalled Mateen telling him.
“He
adored Latinos, gay Latinos, with brown skin – but he felt rejected. He
felt used by them – there were moments in the Pulse nightclub that made
him feel really bad. Guys used him. That really affected him,” Miguel
said. “I believe this crazy horrible thing he did – that was revenge.”
The
FBI confirmed to Univision that they had met with Miguel, and Miguel
claimed that he had been interviewed by agents in-person three times.
The
Vanquish Zagato Concept was unveiled to great acclaim at the
prestigious Concorso d'Eleganza Villa d'Este at Lake Como, Italy in May
2016. Thanks to unprecedented customer interest, a strictly limited
production run of 99 cars will be built to order at Aston Martin's
production facility in Gaydon, England.
