In his provocative book, “The Inefficiency Of Municipal Tax Exemption,” Wall Street whistleblower Michael Lissack makes a case for dismantling the existing framework of municipal bonds by eliminating their tax-exempt status and replacing it with direct subsidies. At first glance, one might think that such drastic measures could streamline fiscal policy; however, Lissack falls into
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Municipal bonds, commonly referred to as “munis,” have long been a staple in the portfolio of income-seeking investors. Yet, recent trends signal a significant shift in their allure—or rather, a marked decline. Several factors are contributing to this diminishing interest, causing even seasoned investors to reconsider their long-standing commitment to these once-reliable instruments. The Unrelenting
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In a startling revelation, American Airlines has retracted its financial projections for the year 2025, a clear indication that the airline industry is facing significant turbulence. This move comes on the heels of a broader trend, as various carriers contend with an unpredictable economic landscape and disappointing leisure travel bookings. CEO Robert Isom’s candid assessment
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In an economic environment riddled with turbulence and uncertainty, President Trump’s deliberations on tariff exemptions for automakers represent a deep and complex regulatory conundrum. The administration initially imposed hefty tariffs on imported vehicles and parts – ostensibly as a measure against international adversaries, particularly China – but the ripple effects are now threatening the very
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The political arena in Oklahoma has taken a turn that’s as dramatic as it is disheartening. A feud has erupted between two high-profile Republican officials: State Treasurer Todd Russ and Attorney General Gentner Drummond. This conflict, which ignited over the state’s controversial social and environmental governance (ESG) laws, exemplifies a disturbing trend: the deterioration of
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