Buz Investors tax overhaul House Republicans' failure to repeal Barack Obama's health care law deals a serious blow to another big part of President Donald Trump's agenda: tax reform. Trump and House Speaker Paul Ryan, R-Wis.,

Failure on health bill also hurts prospects for tax overhaul

Failure on health bill also hurts prospects for tax overhaul

Buz Investors tax overhaul House Republicans' failure to repeal Barack Obama's health care law deals a serious blow to another big part of President Donald Trump's agenda: tax reform. Trump and House Speaker Paul Ryan, R-Wis.,

Buz Investors  tax overhaul House Republicans’ failure to repeal Barack Obama’s health care law deals a serious blow to another big part of President Donald Trump’s agenda: tax reform. Trump and House Speaker Paul Ryan, R-Wis., say they will soon turn their attention to the first major re-write of the tax code in more than 30 years. But they will have to do it without the momentum of victory on health care. Just as important, the loss on health care will deprive Republicans of $1 trillion in tax cuts. The GOP health plan would have repealed nearly $1 trillion in taxes enacted under Obama’s Affordable Care Act. The bill coupled the tax

“Yes this does make tax reform more difficult,” said Ryan. “But it does not in any way make it impossible.”



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 tax overhaul

“That just means the Obamacare taxes stay with Obamacare. We’re going to go fix the rest of the tax code,” he added.

House Republicans couldn’t round up enough votes Friday to repeal and replace a law they despise, raising questions about their ability to tackle other tough issues.

“Doing big things is hard,” Ryan conceded as he vowed to press on.

Rep. Jodey Arrington, R-Texas, acknowledged that Friday’s turn of events made him doubtful about the Republicans’ ability to tackle major legislation.

“This was my first big vote and our first big initiative in the line of things to come like tax reform,” said the freshman. “I think this would have given us tremendous momentum and I think this hurts that momentum.”


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Vancouver Island cannabis growers high on legal pot prospects

Vancouver Island cannabis growers high on legal pot prospects

Vancouver Island cannabis growers high on legal pot prospects

THE BUZ ON CANNABIS STOCK

  • Buz Investors  cannabis growers high  Licensed medical marijuana producers on Vancouver Island are already angling for expansion into a legalized recreational market as proposed new rules take shape.
  • The Task Force on Cannabis Legalization and Regulationrecommended this week keeping a separate framework for supplying recreational pot to Canadians.
  • Meanwhile, two of the three dozen companies licensed to supply medical marijuana to Canadians are already laying the groundwork for diversification into the multi-billion dollar recreational market.

 cannabis growers high

Buz Investors cannabis growers high Licensed medical marijuana producers on Vancouver Island are already angling for expansion into a legalized recreational market as proposed new rules take shape. The Task Force on Cannabis Legalization and Regulationrecommended this week keeping a separate framework

cannabis growers high  Executives for Tilray, based in Nanaimo, B.C., and United Greeneries Ltd., in nearby Duncan, endorse the task force’s main recommendations, including a minimum age of 18 for purchase of pot, a ban on advertising and sales through stand-alone outlets or mail-order.

The company, which distributes its medical marijuana by mail, exports to Australia, New Zealand and Europe.

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cannabis growers high

“We would enter the recreational market but we would enter it using a different brand than Tilray,” Kennedy said.

“Similar product, similar production staff,” he said, but “a completely different brand targeting adult consumers.”

United Greeneries just received its license in June to cultivate medical marijuana, but the company already has ambitious plans to become a “first mover in the Canadian recreational market,” according to a release from its Australian parent company,  MMJ PhytoTech Limited.

Tilray’s president says demand for recreational pot is already being met by the black market, and that’s the biggest challenge.

“That market is roughly 70 times the medical market,” Kennedy said. “So we’re not worried about the medical market eroding.

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LITHIUM Investing what the prospects are in the future

LITHIUM Investing what the prospects are in the future




LITHIUM Investing what the prospects are in the future

  • There is no ready market for lithium. Lithium prices are determined by the purity and chemistry of the material as well as the length of the contract between buyer and seller.
  • Demand for battery quality lithium is expected to grow by 100,000 tonnes between the end of 2015 and 2020.
  • Most of that material will come from existing producers such as Albemarle (NYSE:ALB) as well as producers in China. But new supply could come from Argentina where Lithium Americas and partner Sociedad Quimica y Minera de Chile (SQM) are working to advance the Cauchari-Olaroz project with target production of 40,000 tonnes per annum.

 

Lithium Hydroxide is currently selling at US$20,000 a tonne on the spot market

LITHIUM Investing what the prospects are in the future

a roster of companies that include Pure Energy Minerals  (TSXV:PE), Lithium X Energy  (TSXV:LIX), Lithium Americas (TSX:LAC), Alset Energy (TSXV:ION), Bacanora Minerals (TSXV:BCN), and Australian Securities Exchange-listed Galaxy Resources Ltd. (ASX:GXY).

There is no ready market for lithium. Lithium prices are determined by the purity and chemistry of the material as well as the length of the contract between buyer and seller.

Brines (in salt ponds) and spodumene (hard rock) represent the two main sources of commercial lithium production.

Speculation in the sector is related to the increasing application of rechargeable lithium-ion batteries, particularly in the automotive sector, as well as the impact on demand of battery manufacturing plants that are being built by Tesla Motors (NASDAQ:TSLA) and others.

U.S. Consumer Sentiment Fell in July on Prospects for Economy

U.S. Consumer Sentiment Fell in July on Prospects for Economy

U.S. Consumer Sentiment Fell in July on Prospects for Economy

U.S. Consumer Sentiment Fell in July on Prospects for Economy

Consumer confidence slid in July from the prior month on dimmer views of the U.S. economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment declined to 90 this month from 93.5 in June. The median projection in a Bloomberg survey of economists called for a reading of 90.2 after July’s preliminary figure of 89.5. A record share of households with incomes in the top third mentioned the U.K.’s decision to leave the European Union was weighing on outlooks. The gap between current views of the economy and expectations
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The sentiment survey’s current conditions index, which measures Americans’ assessment of their personal finances, fell in July to 109 from 110.8 last month. The measure of expectations six months from now decreased to 77.8 from 82.4.

Americans anticipated an inflation rate of 2.7 percent in the next year, up from 2.6 percent in June. They expect prices to rise 2.6 percent over the next five to 10 years, the same as in the previous month.

Despite the setback in sentiment this month, consumers have shown they’re more willing to spend than they were at the start of the year.

Personal consumption climbed at a 4.2 percent annualized rate in the three months ended in June following a 1.6 percent pace in the first quarter, the Commerce Department’s GDP figures showed.

Consumer Sentiment

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