All posts by James Cannon

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com

Stay Financially Healthy With Professional Financial Advisors

Individuals and families should consider taking charge of their financial situations to reach their material goals in life. Most people would like to save for retirement, many would like to secure the ability to pay, at least partly, for their children’s college educations. Others plan and save for vacations, purchasing a home, or a host of other things which can take a substantial bite out of their monthly incomes.

Financial service companies, such as Essex Financial in Essex, Connecticut, can help people clarify their goals and set up savings plans that will help them reach them.

Saving for retirement is something highly recommended, and which many people take responsibility for. Although some people choose to handle their own retirement plans, many others turn to professionals like Essex Financial to help them manage investments, understand new tax laws which can affect their bottom lines, and other complex issues that most working people simply don’t have the time or expertise to focus on successfully.

Financial planners are trained professionals that have at their fingertips large amounts of information that a layman would need hours of research to discover. Once financial goals are clarified, then the advisor can recommend actions on how families or individuals can meet those goals. He or she will know how investments should be allocated, how much and what kind of insurance is needed, and how certain actions affect the individual’s tax bill or estate.

Just as someone would not diagnose or try and treat an illness without the help and advice of a qualified medical professional, so too people should seek the help of a financial professional to help them maintain excellent financial health, all throughout life.

 

Pot Industry Can Transform Depressed Towns

With only two dozen or so residents, Nipton, California, is not a well-known California destination. But that is exactly what makes it desirable to American Green, Inc., one of the country’s largest cannabis companies.

In early August American Green announced it is ready to purchase the entire 80 acres that make up Nipton. Included in the deal is the town’s Old West-style hotel, a few houses, a coffee shop and an RV park. The company says it plans to reformat the tiny Gold Rush town into “an energy-independent, cannabis-friendly hospitality destination.”

This suits the current owner, Roxanne Lang, just fine. She did not say what American Green paid for Nipton, but she did admit that her and her husband, Gerald Freeman, who is no longer alive, listed the property last year for $5 million.

Lang added that her husband would have been happy with the identity of the purchasing entity, saying,

“I think he would find a lot of humor in” the fact that the buyer wants to make Nipton into a pot-smoker’s paradise. She explained that Freeman was a libertarian and did not object at all to the use of marijuana. He was also a supporter of alternative, sustainable energy sources. He had even installed a solar farm which today powers much of the town.

American Green is hoping to bring jobs to the area. They are contacting marijuana edibles manufacturers and other weed-related industries in the hope that they will want to come to Nipton to ply their wares, bringing jobs along with them.

“We are excited to lead the charge for a true Green Rush,” David Gwyther, American Green’s president and CEO, said in a statement. “The cannabis revolution that’s going on here in the US has the power to completely revitalize communities in the same way gold did during the 19th century.”

Employees of Wisconsin Company Volunteer to Get “Chipped”

Three Square Market, often called 32M, held a party last week to celebrate the inauguration of something completely new: workers who voluntarily agreed to have microchips inserted into their hands for the convenience of buying snacks in the cafeteria, opening doors with a mere hand-wave, and easy login to their computer.

The Wisconsin-based company somehow convinced 41 of its 85 employees to introduce the chip into their flesh, saying that although it is a new and unusual phenomenon in the US, in Europe the practice is much more prevalent.

The company also asserts that the chips are encrypted, and do not have a GPS function as other types of microchips have, so that no one will be able to track the movements of the employee-cyborgs. On the other hand, for some talented hackers encryption is not a serious obstacle to access to computer systems if there is enough of a desire.

One observer, sociology professor at the University of Wisconsin in Milwaukee, Noelle Chesley says that she foresees the implantation of chips into employees will go from nuts to normal over the next few years.

John McCain Returning to Washington for Vote on Healthcare Bill

Despite his recent diagnosis with brain cancer and surgery to remove a related blood clot, 80-year-old Senator John McCain announced he will be returning to Washington DC from his home in Arizona to take part in a crucial vote on healthcare reform.

The Senate is scheduled to vote on a Republican sponsored healthcare bill which, if passed, could drastically undo much of Obamacare’s legislation. The fact that McCain is making a heroic effort to return to the Senate floor in time for this vote seems to indicate that his vote could make the difference in the bill’s passage.

Over the past few weeks the Republican bill has come within a hair’s breadth of its own demise several times as the GOP struggled to make good on its 7-year promise to “repeal and replace” the Affordable Care Act, Obama’s signature legislation.

At the moment, a Senate vote is predicted to be uncomfortably close; with 52 votes for the Republican bill, and 48 against, making McCain’s vote a key vote for success.

“For Senate Republicans, this is their chance to keep their promise. Over and over again, they said, ‘Repeal and replace, repeal and replace.’ But they can now keep their promise,” President Trump said.

The GOP legislation would eliminate tax penalties on people who do not buy health insurance policies; cut the Medicaid program which helps the poor; and would reduce the amount of government subsidies available for consumers who wish to purchase insurance but can’t afford it.

Favorite New York Hot Dog Recalled as “Health Hazard”

Over 7 million pounds of hot dogs and sausages are the subject of a recall by a New York meat processor. Most of those recalled were packaged under the well-known New York brand Sabrett.

The recall was spurred by complaints by consumers who encountered small pieces of bone within some of the products, according to the US Department of Agriculture.

Only one case of a “minor oral injury” has been reported due to the extra, unwanted ingredient found in the meat. There were no other reports of injury or illness due to the products, which were produced by Marathon Enterprises Inc., a meat processing establishment located in the Bronx.

The hot dogs were sold across the country, most of them under the Sabrett brand, said the USDA.

“As a fourth-generation, family-owned company, Sabrett takes its responsibility to provide safe foods very seriously with a robust internal food safety program,” Marathon said in a statement posted on its website. “Sabrett deeply regrets any concern or inconvenience this has caused its loyal customers.”

Sabrett brand hot dogs are the very ones sold by vendors all over New York City from pushcarts covered by yellow and blue umbrellas.

The suspicious hot dogs were manufactured from March 17 until July 4, carrying a sell-by date ranging from June 19 to October 6, 2017.

The USDA made the meat subject to a Class 1 recall, meaning that the governmental agency believes the meat to be a health hazard that presents a “reasonable probability” of causing “serious, adverse health consequences or death,” if eaten. The Englewood, New Jersey-based company stated that it is recalling the produce out of “an abundance of caution.”