Wednesday, June 22, 2016

#USA - New FAA Rules Ground Amazon's Drone Delivery Plans — For Now: Newsy

Published on 21 Jun 2016
The Federal Aviation Administration released new rules on commercial drone usage, but you shouldn't expect your drone-delivered Amazon package anytime soon.

The FAA set limits on a drone's speed, altitude and weight, but the part getting the most attention is the one requiring any unmanned aircraft to be within sight of its operator or a spotter.

That rule is a huge blow to the dream of drone delivery services. If you’re close enough to see the drone deliver a package, you might as well just take it to the door yourself and save on the cost of buying a drone.

The CEO of drone consulting firm Aerotas said: "Delivery is definitely getting left out in the cold with these rules. All of the long-distance stuff will clearly still have to wait."

But it may not have to wait for long. Experts predict that once the FAA is comfortable with the technology it will give companies more room to use drones over long distances.

An FAA administrator said the new rules are "just our first step. We’re already working on additional rules that will expand the range of operations."

When the rules go into effect in August, the roughly 7,000 companies that are waiting for government approval will be able to use drones to help them do business, as long as they keep an eye on them.

This video includes clips from Amazon and The Verge and images from Getty Images.

Newsy is your source for concise, unbiased video news and analysis covering the top stories from around the world. With persistent curiosity and no agenda, we strive to fuel meaningful conversations by highlighting multiple sides of every story. Newsy delivers the news and perspective you need without the hype and bias common to many news sources.

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#USA - Michigan AG Sues 2 Companies Over Flint Water: Associated Press

Published on 22 Jun 2016
Michigan’s attorney general is suing two companies, blaming them for Flint’s lead-tainted water crisis (June 22)

#USA - Feds Charge 300 in Health Care Fraud Sweeps: Associated Press

Published on 22 Jun 2016
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)

Use Artificial intelligence To Find Love: CNBC

Published on 22 Jun 2016
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.

https://itunes.apple.com/gb/app/quinn/id972051096?mt=8

#USA - Clinton taking on tax reform for business? Fox Business

Published on 22 Jun 2016
32 Advisors CEO Robert Wolf and former NYSE CEO Dick Grasso on Hillary Clinton's economic plan.

New Preferred ETF Offers Yield, Safety & Real Estate: TheStreet

Published on 22 Jun 2016
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.'

Europe Urges the U.K. to Stay in the EU: Wall Street Journal

Published on 22 Jun 2016
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