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HUD Secretary Ben Carson Praises Manufactured Housing, and the Manufactured Home Industry’s Importance to Solve Affordable Housing Crisis

April 26th, 2018 No comments

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The “U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson reaffirmed his commitment to reforming the Department’s manufactured housing program,” said the IMHA in a statement to the Daily Business News.

 

Secretary Carson stated the importance of manufactured housing as a source for addressing the nation’s affordable housing crisis and that HUD’s approach to the regulation of manufactured housing should change,” the Indiana state association said.

According to the economists, we are experiencing the biggest jump in housing prices in four years – prices are rising while the supply of housing is getting smaller. It’s basic supply and demand,” said Secretary Carson, M.D.  “That’s why everyone in this audience and the manufactured housing industry is so important – and that’s why I am here today.  You are a big part of the solution to providing unsubsidized, quality, affordable housing.”

The comments echoed what he said recently to a Senate oversight hearing in the video, posted below.

Secretary Carson said, “HUD is now positioned to usher in a new era of cooperation and coordination with your industry.  Make no mistake, we understand how you are vital to our economy and to our agency’s goal of making safe, quality, desirable and affordable homes for millions of hard working Americans.”

 

Secretary Carson recognized the work the industry is doing to make homes more affordable, while creating good jobs.

Secretary Carson noted that the Trump Administration appreciates all the efforts underway in the industry, specifically citing the use of a number of American suppliers and products when constructing manufactured homes.

Unlike his predecessor, Secretary Julian Castro who appeared at an MHI event via video, Dr. Carson made a personal appearance at the Manufactured Housing Institute (MHI) annual meeting in Las Vegas. The Trump Administration has been widely seen as more business and regulatory friendly than prior ones. ## (News, analysis, and commentary.)

NOTICE: Exclusives from HUD, and Attendees about Secretary Carson’s comments at MHI will be part of an upcoming report. Sign up for our emailed news updates for that notice, and to stay up with all of the industry’s most popular, best and most independent fact-based converge.

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Related Reports:

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Sen. Kirsten Gillibrand’s (D-NY) Bill Would Provide Loans at U.S. Post Offices, Plus MH Market Updates

April 25th, 2018 No comments

CNNmoney4.25.2018ManufacturedHomeStocksMarketsReportsMHProNewsSenator Kirsten Gillibrand’s (D-NY) Postal Banking Act, would make retail banking services available at some 30,000 post offices nationally.  That will be our market focus for tonight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

 

  • Workers and shareholders call GE an ’embarrassment’
  • Indians flock to America’s ‘golden visa’ as H-1B route closes
  • Tell us: How have the income tax cuts affected you?
  • Snapchat redesigns its app again. Stock plunges
  • Dow snaps longest losing streak in a year
  • CEO under fire for $100 million paycheck
  • Why it’s a great time to look for a job
  • How do you talk about fertility at work?
  • Can Hulu keep ‘The Handmaid’s Tale’ momentum going?
  • Fox News twists CNN’s Acosta’s words about threats to journalists
  • Comcast offers $31 billion for Sky, setting up showdown with Fox
  • Heads up Starbucks! The world’s second biggest coffee chain is gearing up
  • India’s hotly contested mobile market gets new mega merger
  • Trump says Mnuchin will visit China for trade talks ‘in a few days’
  • Should I get out of the market until it returns to sanity?
  • Even rising mortgage rates won’t stop homebuyers
  • Home prices are on an epic run
  • Diet Coke’s new flavors are a big hit
  • Lululemon has made a big comeback since its sheer pants nightmare
  • Boeing earnings are good and getting better
  • Google’s spending spree rattles Wall Street
  • Twitter is profitable again and adding users
  • Wine is about to get a lot more expensive
  • Meet the new Gmail, now with disappearing messages
  • Amazon unveils colorful Echo Dot for kids
  • Here’s what Facebook won’t let you post

Selected headlines and bullets from Fox Business:

  • Dow rises as Boeing results buoy stocks
  • Amazon earnings: A big surprise could be in store
  • Apple CEO Tim Cook meets Trump at White House
  • GM adding 700 workers at SUV plant in Tennessee
  • Retirees will likely be disappointed with their Social Security checks
  • Lowered expectations may be in order, survey findings indicate.
  • Airbnb could save US government $4.1B in decade, company says
  • Amazon, Google trading suspended on NYSE, proceeding elsewhere
  • General Electric liquidation would be a ‘fool’s errand’: Bob Wright
  • GM earnings under pressure as sales cool off
  • Virgin America has flown its final flight
  • Former GE CEOs Welch, Immelt trashed at annual meeting
  • Mnuchin, IRS urge you to check your paycheck
  • Huawei said to face federal probe over Iran sanctions compliance
  • After tax overhaul, mortgage interest deductions seen plummeting

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,639.40 +4.84(+0.18%)

Dow 30 24,083.83 +59.70(+0.25%)

Nasdaq 7,003.74 -3.62(-0.05%)

Russell 2000 1,550.47 -2.81(-0.18%)

Crude Oil 68.04 +0.34(+0.50%)

Gold 1,324.80 -8.20(-0.62%)

Silver 16.53 -0.17(-1.01%)

EUR/USD 1.217 -0.0063(-0.52%)

10-Yr Bond 3.02 +0.04(+1.37%)

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Manufactured Housing Composite Value (MHCV)

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Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

  • A bill put forth by Sen. Kirsten Gillibrand, D-N.Y., aims to make loans more affordable by offering retail banking services at the U.S. Postal Service,” says CNBC.
  • The proposal opens questions as to how the loans will be paid for and serviced.
  • While the odds this year on this passing would be low, what happens after the midterms could change the calculus on a bill like this in the future.
  • Its one for manufactured housing pros to watch. Gillibrand’s logic on this bill, could it extend to manufactured home loans later?
  • The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.

TweetsSenKirstenGillibrandManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

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Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.25.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Citing Justice Department Ruling, MHARR Calls on HUD to Repeal Regulatory Guidance Documents

April 25th, 2018 No comments

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The Justice Department [DOJ], which is charged with bringing civil actions to enforce federal health and safety laws, has now made it crystal clear that HUD may not use sub-regulatory ‘guidance’ documents that have not been considered by the MHCC and have not gone through rulemaking, in order to impose new or modified mandates on manufacturers of HUD Code homes, and new unnecessary costs on manufactured home purchasers,” said Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsFrom their offices in Washington, D.C.,  Weiss said in a statement to the Daily Business News that, The tragedy is that Congress itself said exactly the same thing nearly two decades ago when it included section 604(b)(6) in the Manufactured Housing Improvement Act of 2000.”

The rephrasing, the DOJ and the Trump Administration are reemphasizing the common sense notion that the law should be followed, as opposed to guidance or other documents that have not gone through the proper rule making process. In the case of manufactured housing, the process includes the Manufactured Housing Consensus Committee, or MHCC.

The time has come for HUD to finally obey the law as written, and its ongoing EO 13771/13777 review of all existing and pending regulations and “regulatory actions” offers the perfect opportunity for HUD to formally renounce both the fatally-flawed 2010 “Interpretive Rule” and its pile of invalid pseudo-regulatory “guidance” documents – before the Justice Department, or a federal judge, does it for them,”  said Weiss.

Weiss statements fit with principles outlined by MHProNews editorially and in regulatory comments letter t HUD in January.

The balance of the MHARR release to MHProNews reads as follows.

MHARR CALLS FOR REPEAL OF HUD   

MANUFACTURED HOUSING “GUIDANCE” DOCUMENTS

Washington, D.C., April 25, 2018 – The Manufactured Housing Association for Regulatory Reform (MHARR), citing recent rulings by the U.S. Department of Justice (DOJ) stating that DOJ would no longer use its authority to enforce Executive Branch agency “guidance” documents in civil court enforcement actions relating to alleged violations of federal health, safety, civil rights and environmental laws, has called on HUD to formally repeal manufactured housing regulatory “guidance” documents which should have been published for notice and comment and subjected to Manufactured Housing Consensus Committee (MHCC) review pursuant to section 604(b)(6) of the Manufactured Housing Improvement Act of 2000, but were not. MHARR, in the same April 25, 2018 communication (copy attached), also calls on HUD to repeal a 2010 “Interpretive Rule” which erroneously construes section 604(b)(6) of the 2000 reform law to require notice and comment rulemaking and MHCC consensus review only for HUD regulatory actions that would otherwise constitute “rules” within the meaning of the federal Administrative Procedure Act (APA).

For decades, the HUD manufactured housing program used “guidance” and other psuedo-regulatory pronouncements to evade the rulemaking requirements of both the APA and the original Manufactured Housing Construction and Safety Standards Act of 1974.  When Congress sought to put an end to this abusive practice by including section 604(b)(6) in the Manufactured Housing Improvement Act of 2000 – which, on its face, requires prior MHCC review and rulemaking for any new or modified “policies, practices or procedures” relating to “standards, regulations, inspections, monitoring or other enforcement activities” – HUD promptly ignored Congress’ clear directive, ultimately issuing the 2010 Interpretative Rule, which effectively and unlawfully read section 604(b)(6) out of the law, by limiting its application to “rules” that already require rulemaking under the APA.

This action to negate the clear and unambiguous will of Congress (with the passive acceptance of some within the industry), effectively opened the floodgates to a train of ever-increasing abuses during the Obama Administration – and particularly under the tenure of former program Administrator Pamela Danner – which saw multiple new, costly and needlessly burdensome de facto regulatory mandates imposed by HUD via “field guidance” and so-called “Standard Operating Procedures,” which were never brought to the MHCC for prior review, or published for notice and comment.  These include, but are not limited to: HUD’s massive expansion and re-direction of in-plant regulation; “frost-free” foundation “guidance,” which effectively modified an existing regulation; new and modified requirements for attached garages and other “add-ons;” baseless restrictions on multi-family manufactured housing; and memoranda relating to on-site completion, among other things.  Such actions – and many other similar pseudo-regulatory mandates — have significantly harmed both manufacturers (particularly smaller independent producers) as well as the industry’s post-production sector, by needlessly increasing regulatory compliance costs and simultaneously undermining the industry’s ability to compete with other segments of the housing market. Through these devices, and through the unchecked and unaccountable activities of its program “monitoring” contractor (set forth in a non-competitive contract which itself violates multiple aspects of federal law), HUD has developed – and enforces — an entire secondary tier of unlawful mandates under the guise of “interpretations” and “guidance.”

Recognizing the extremely damaging effects of such psuedo-regulation and reflecting the regulatory reform policies of the Trump Administration, the DOJ, in its rulings issued on November 16, 2017 and January 25, 2018, determined that it will no longer “use noncompliance with guidance documents as a basis for proving violations of applicable law” in civil lawsuits to enforce federal health and safety laws, such as the National Manufactured Housing Construction and Safety Standards Act of 1974, as amended by the Manufactured Housing Improvement Act of 2000.  To the extent that HUD’s manufactured housing “guidance” documents conflict with this ruling and Trump Administration regulatory policy, MHARR’s April 25, 2018 communication calls for their retraction and repeal as part of HUD’s Executive Order (EO) 13771/13777 “top-to-bottom” regulatory review of the federal manufactured housing program. Similarly, insofar as the DOJ rulings show that HUD’s 2010 Interpretive Rule is fundamentally erroneous and fatally flawed, MHARR’s communication calls once again for the repeal of that rule.

About MHARR

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing. ## (News, analysis, and commentary.)

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“Dissent, Brought by Monopolists,” Bezos, Warren Buffett, Big Tech, the Moat and Clayton Homes

April 21st, 2018 No comments

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Not that long ago in America, no company as large and destructive as Amazon would have been allowed to exist. Preventing and breaking up such corporate behemoths, in fact, was at the very center of the Democratic Party’s agenda. “Private monopolies are indefensible and intolerable,” the party’s platform declared in 1900,” writes Matt Stoller in the progressive New Republic.

 

As monopolies broke up unions and drove down wages, Democrats increasingly came to rely on campaign contributions from the very corporations that were consolidating their control over the American economy,” said Stoller, who cites Amazon, Facebook, Google and others among the monopolies he and a growing number of progressive are concerned about.

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AT&T Time Warner case now in the courts are clear evidence that the Trump Administration is taking anti-trust concerns beyond mere talk. There are signals that more cases could be coming. Missouri’s attorney general has launched an anti-trust investigation against Google. The European Union fined Google $2.7 billion. Expert more such cases, some of which could include manufactured housing, and Warren Buffett’s brands.

While Stoller is a Democratic partisan, there are Republicans and independents who hold similar views, which will be briefly examined further below.  These monopolistic forces impact manufactured housing in a variety of ways, as will also be noted.

The Obama administration, like the Bush administration before it,” writes Stoller, “declined to bring a single major monopolization suit against U.S. companies.”

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Woodrow Wilson, the Democrat, took a different approach: He argued that monopolies are a fundamental threat to political liberty, and that the government should attack and disperse them to protect democracy from the corrupting influence of economic concentration. After his election, Wilson went on to lay the foundation for the government’s anti-monopoly apparatus,” per the New Republic, noting that Bezos personally owns the Washington Post, and calls it…

Dissent, brought to you by monopolists.”

The subject of monopoly, like the topic of affordable housing and manufactured homes, should not be seen as a partisan issue.

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Where the Left, Center, and Right Can Agree?

Don’t look now, but there are voices across the left-right divide who agree on the threat in America of modern monopolies. 

Some call for more regulations. But others are saying it is time to break the giant companies up, as was done with AT&T decades ago, or Standard Oil before them.

In what may seem like an ironic twist, but the leftist New Republic writer finds himself in agreement with Steve Bannon, the prior right-wing Breitbart Chairman and an important member of President Trump’s election campaign, and initial White House strategy team.

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They are not alone.

Those new to this topic may want read the entire column, and circle back later to linked additional references, like the ones below.

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Buffett, Bezos – Time Announcement to Drop Market Ahead of SOTU? Plus MH Market Update$

Advocates of free market enterprise should be irate over the company’s [Amazon] crony capitalist practices and cities and states that enable it,” the American Conservative said last year.

Right of center National Review has fears over the rise of big tech and monopoly too. They argued last year that the answer is heavier regulations.

Virgil, writing in the right’s Breitbart said in March 2018 that “Theodore Roosevelt, our 26th president, left the White House in 1909, and yet his spirit — larger than life and larger, even, than death — is still with us. And that is in no small part because many of the problems that the Great Trustbuster grappled with back then seem so similar to the problems we confront today.”

Citing the progressive Seattle Times, ‘Virgil’ said, “The Seattle Times over the weekend: “Big Tech needs to face a Theodore Roosevelt-style trust busting.” That Seattle Times  article by columnist Jon Talton, may have caught the attention of Jeff Bezos, the world’s richest man whose company, Amazon, is based in Seattle.

And yet columnist Talton is clearly not a fan of his tech homeboys, nor of the other big tech firms further down the left coast,” said Virgil.

Big Tech’s greatest sins are locking in a winner-take-all economy, decimating the middle class and exercising monopoly-like powers that cause the free market to fail. Competition is stymied. Power is in the hands of too few,” the Breitbart columnist said.

During Teddy Roosevelt’s time in office, 1901-1909, his administration filed some 40 anti-trust actions, although perhaps the most famous application of the Sherman Act was resolved only in 1911, after Roosevelt had departed office. That was the case of U.S. vs. Standard Oil, which broke the vast oil monopoly into 33 different corporate pieces,” said Virgil.

GoldenAgeAmericanProsperityLargeGrowingMiddleClassManufacturedHousingIndustryDailyBUsinessNewsMHProNews

 

Anti-Trust by Feds, or Private Citizens, Companies

Looking ahead, we can see that more antitrust litigation is inevitable, and some of it may yet be painful to the defendants. For instance, we might note that private anti-trust litigation is also possible. And under the provisions of the Clayton Anti-Trust Act of 1914, a successor to Sherman, economic victims of monopolistic abuse can sue, through private action, for treble damages. In other words, all the myriad media companies that have suffered so much financial damage from Facebook and Google might have a legal remedy,” said Virgil.

It’s a point the Daily Business News has also raised, in the report linked below.

 

Lawsuits for Triple Damages – Anti-Trust, Anti-Monopoly Law, Manufactured Housing, and You

So, readers may be libertarian, progressive, conservative, or anything else, and find someone with your political position arguing for a break-up of mega-corporations for the public, political, and economic good.

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www.mhmarketingsalesmanagement.com/blogs/daily-business-news/department-of-justice-anti-trust-and-manufactured-housing-institute-mhi/

Talton said the new monopolies have better people skills than the ones in Roosevelt’s time.

Unlike Microsoft, which was typecast early on as the “Evil Empire,” Google, Apple, Facebook, and Amazon have combined savvy public-relations efforts with sophisticated political lobbying operations.”

Facebook is said to be mobilizing “armies” of lobbyists in the wake of their Washington woes.

Among manufactured housing associations, the monopolistic tool-of-choice has arguably been the Manufactured Housing Institute (MHI), which has been dominated by the interests of larger producers, communities, and lenders for years.

But Clayton’s revealed that they are doing their own lobbying too, apart from MHI.

There are investigations – civil and federal – into Warren Buffett’s Clayton Homes, per several sources to the Daily Business News.

 

More Anto-Monopoly Legal Background from the New Republic

In 1933, just days after Franklin Roosevelt was inaugurated, Brandeis issued a stirring dissent in Liggett v. Lee,” said the New Republic, “which struck down a Florida law designed to protect local businesses from out-of-state chains. Reading from the bench, Brandeis blamed the Great Depression on “the gross inequality in the distribution of wealth and income which giant corporations have fostered.”

The government, he argued, had the right to regulate the “concentration of wealth and power” if it threatened the public welfare. Antitrust, as Brandeis saw it, wasn’t about protecting consumers—it was a way to safeguard democracy,” stated Stoller.

Thurman Arnold, FDR’s head of antitrust enforcement, cracked down on some of the country’s biggest corporations and trade associations, from General Motors and Alcoa to the American Medical Association and the Associated Press, which were engaged in price fixing and other anti-competitive activities,” Stoller stated.

The anti-monopoly principle that Arnold and Brandeis established—the idea that economic power should be decentralized and spread into many hands—became the basis of a new social contract. For the next three decades, the federal government largely permitted big business only in segments of the economy that required scale and technical know-how, such as cars, chemicals, and steel. Labor unions made sure that workers were treated fairly, while stores, farms, and banks remained relatively small and under local control...,” he wrote, adding, “Productivity boomed, and America entered a golden age of egalitarian prosperity, with a large and expanding middle class.”

Again, the ironies here are many.

One is presidential signals that Donald Trump is developing positions that agree in good measure with Democratic positions held in decades past, or that  Teddy Roosevelt once held.

So, before the hyper-partisan positions are staked out, a step back to see the broader picture is warranted.  Because voices across the political divide are finding common themes in the threat that monopolies pose to the economy, small businesses, and job creation.

MHProNews has spotlighted concerns that Scott Galloway, or PragerU have also given voice to, which include calls for breaking up or heavily regulating the big tech giants.

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

Can forward thinkers on the left and right agree that monopolistic behavior by some associations and companies today are also problematic?

Billionaire Titans Battle, Overshadowing Modest Independents – Surviving, Thriving in Manufactured Housing Industry Today, Tomorrow

 

Warren Buffett, Moats, and Monopolies – Berkshire Chairman’s Words, Applied to Clayton Homes, and Manufactured Housing

While monopolistic business practices tend to have an adverse effect on consumers,” says Investing Answers, “they can be investor friendly. Obviously, from a shareholder’s standpoint, competitive pressures can crimp profits, and companies that have a wide economic moat or high barriers to entry are somewhat insulated from the encroachments of would-be rivals.”

 

 

A wide economic moat is a significant competitive advantage that is extremely difficult to copy or emulate, thereby creating a barrier to entry for competing firms,” says Investing Answers.

The video below explains in brief in Buffett’s own words some of his ‘competitive advantage’ strategies.  Some of them, most anyone can do.  But once someone gets into the fine points of “the Moat – and how that’s been executed by Buffett’s Clayton Homes in the manufactured housing industry – concerns about monopoly power are being raised by parties across the political spectrum.

 

How a Moat Works (Example):

Castles were traditionally part city and part defensive fortress. The moat was a key part of this defense — by surrounding the castle with water, the fortress was more difficult to penetrate. The wider the moat, the more difficult it would be to attack a castle’s defenders,” Investing Answers stated.

Companies are not unlike medieval castles. A successful company will undoubtedly attract competitors. Patents, brand identity, technology, buying power and operational efficiency create moats that make these companies hard to attack,” says Investing Answers.Companies with wide economic moats operate business models that are difficult — or in some cases even impossible — for competitors to attack or emulate.”

Some argue that these moats that Buffett promotes is a smart play for investors.

But broader question are being raised.  Sources like the progressive publications New Republic, the Nation, or right-side sources such as the American Conservative or Breitbart point largely agree that monopolies – which are promoted by these moats – harm the nation, and the industries they operate in.

Economic and political advantages are gained from heavy regulations.  Dodd-Frank benefited bigger businesses at the cost of smaller ones.

Big business can buy political access that small businesses can’t, says sources like Prager. Smaller firms have higher proportionate cost to deal with regulators than a big company does. Part of the reason for MHARR’s existence is because for years, the larger companies that are members of the Manufactured Housing Institute (MHI) were in practice okay with heavy regulations.

 

The Nation, New Republic, American Conservative, Prager U, MHARR, and MHProNews Aren’t Alone…

The rising tide of concerns across the left-right divide should be another reason for manufactured home industry members and public officials to sit up and take careful note about what has been transpiring in the manufactured housing industry since Warren Buffett entered the space in 2003.

 

 

Since the video interview above was initially recorded, Clayton went from some 25 percent of the market share, to about 50 percent.  The trajectory of the industry is towards consolidation.

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Since this chart was developed, there are new statistics – from MHI – that indicate that about 75 percent of the industry’s production is in the hands of just three companies, all of them MHI members. Clayton has half of the industry, and sources say that more expansions of plants and new production centers are coming.

 

A Clayton manager told MHProNews recently, ‘what’s wrong with crushing the competition?’

Plenty, as each of the third-party thinkers cited above have outlined.

Independent businesses are lost – in manufactured housing – by the thousands, as former Clayton manager Ken Corbin has noted.

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

That means, jobs are also lost.  As more industries are consolidated into fewer hands, tremendous numbers of jobs are lost over time.

 

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

 

Perhaps the most comprehensive look ever at how ‘the moat’ has operated and impacted manufactured housing is found at the link above.

The points made by other writers of how public relations are being used to blunt the concerns over monopoly must be noted by every professional in manufactured housing.

The allegations of monopoly in manufactured housing are believed by some to be confirmed by facts hiding in plain sight.

Buffett and Kevin Clayton – in written and video comments – have both stated very clearly the “moat” principles they are using to grow their portion of the industry. Meanwhile, the rest of the industry’s competitors shrink statistically, are acquired, or vanish. Unchecked, projecting out the trend lines of the last 15 years would mean the industry’s production, lending and other elements will increasingly fall into the hands of Berkshire Hathaway owned brands.

When voices across the left-right divide raise concerns over how that impacts the vast majority of everyday Americans, one of the questions that ought to be posed to politicians of either party going into the 2018 midterms ought to be, what position will you take on breaking up monopolies?

Clearly, good business practices must be at the core of every remaining operation and the new companies that are trying to enter the industry.

But as Virgil suggested above, business harmed by monopolies ought to explore the legal options for civil anti-trust action.  By law, once successful, the potential for triple damage recoveries await.

A multiple pronged effort must be made to reverse the trend of monopoly in manufactured housing.  It begins with understanding and education. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

Related Report:

Who Will Google and YouTube Silence Next?

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2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

DNC Files Suit Against Trump Campaign, Russia, and WikiLeaks, Plus MH Market Updates

April 20th, 2018 No comments

4.20.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews-2The markets have been responding as much or more to politics and transnational fears – trade, combat, threats of nukes, etc. – in 2018 than they have to actual economic, business or consumer confidence, and related  data.

After almost a year of special counsel Robert Muller’s probe of ‘Russia, Russia, Russia’ and the Trump Campaign, and about 18 months of known federal investigations that began before the election. Those have yielded – NYET – with respect to any connection betwee the president and any electoral wrongdoing. Nevertheless, the Democratic National Committee (DNC) launched a civil suit today. So, with videos from both sides of the political aisle, that will be our focus for tonight.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, beyond the 9 market summaries, below.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • GM Korea on verge of filing for bankruptcy
  • Surging oil prices rattle President Trump
  • ‘Avengers: Infinity War’ assembling for possible historic box office
  • Why a 20% raise isn’t enough for Arizona teachers
  • Quest: Starbucks is an example of crisis response done right
  • From witness stand, AT&T chief details new $15-a-month streaming service
  • Every Bon-Ton department store is closing
  • China trash ban is a global recycling wake up call
  • China refuses to recycle more of the world’s trash
  • Apple sinks on fears of slowing iPhone sales
  • Self-driving cars. Scooters. The future of commuting to work is here
  • Can $1 billion help low-income Americans find jobs?
  • Wells Fargo fined $1 billion for insurance and mortgage abuses
  • SunTrust employee may have tried to steal data from 1.5 million customers
  • Comey writes in memo he laughed after Trump floated the idea of jailing journalists
  • Top auto boss: Global carmakers unlikely to go it alone in China
  • China’s ZTE fires back over US ban: ‘We cannot accept it’
  • YouTube ran ads from hundreds of brands on extremist channels
  • Watch this robot put together an IKEA chair
  • Takeda sweetens $60 billion Shire pitch as rival bows out
  • How fruit juice got boxed out of the health craze

Selected headlines and bullets from Fox Business:

  • Mueller team said to be amused as Giuliani pledges to end Russia probe
  • Stocks close lower as Apple sell-off hits Dow
  • Wells Fargo slapped with $1B fine for lending abuses
  • Sorghum ships change course mid-trip after China tariffs
  • Presidential tweet dents rally in crude oil prices
  • Mickey Mantle rookie card fetches near-record $2.88M at auction
  • Former NFL offensive lineman Evan Mathis reaps windfall.
  • Southwest plane accident engine maker issuing new inspection guidelines
  • As Wells Fargo fined $1B, Mulvaney says ‘I have too much authority’
  • SEC advances new broker standards: What you need to know
  • IMF’s Lagarde says global trade marked by lack of trust
  • Criminals using Facebook to sell stolen credit cards, personal information: The Times
  • Oil demand, OPEC create ‘perfect recipe’ for higher prices: Fmr. Shell Oil president
  • Food stamp work requirement in bill is common sense: House Republican
  • Kushner Cos. subpoenaed over rent-control paperwork
  • SunTrust reports data of 1.5M customers possibly stolen by ex-worker

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,670.14 -22.99(-0.85%)

Dow 30 24,462.94 -201.95(-0.82%)

Nasdaq 7,146.13 -91.93(-1.27%)

Russell 2000 1,564.12 -9.69(-0.62%)

Crude Oil 68.26 -0.03(-0.04%)

Gold 1,337.60 -11.20(-0.83%)

Silver 17.11 -0.12(-0.72%)

EUR/USD 1.23 -0.01(-0.50%)

10-Yr Bond 2.95 +0.04(+1.27%)

 9MarketIndicatorsYahooFinance4.20.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.20.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Before we get into what the talk-heads on each side of the left-right media divide have to say, let’s make the Daily Business News perspective simple.  This DNC move can be about one or more of the following: fund-raising, energizing their base, distraction, a way to depose people (if this Democratic case isn’t squashed by a judge), and may be a tacit admission that the Mueller probe has yielded nothing to date.

Bottom line, strategy and tactics. That said, Fox Business, CNBC and Cavuto videos follow with their unique takes on what this means.

Rep. Steve King (R-Iowa) on the Democratic National Committee’s lawsuit against the Russian government, WikiLeaks and the Trump campaign.

CNBC

Cavuto DNC Suit

Fox News Senior Judicial Analyst Judge Andrew Napolitano on the DNC lawsuit over the 2016 presidential race and reports former FBI Deputy Director Andrew McCabe is considering suing the Trump administration for defamation.

DNCSuesTrumpCampaignWikileaksRussiaOver2016electionDailyBusinessNewsMHProNews

Still from Fox Business video, posted above.

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.20.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to some industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Troubled MH Communities Harming Manufactured Home Owners, Industry

April 18th, 2018 No comments

ZionsvilleMobileHomeParkIndianaFox59ManufacturedHousingIndustryDailyBusinessNewsMHProNews

Frank Rolfe and his associates say there are some 44,000 land-lease communities for mobile and manufactured homes in the U.S..

 

There are several indications that the vast majority are well run.

Yet, there are enough troubled properties that draw headlines every year to give good businesses, and honorable home owners, a black eye.  It’s a problem that Rolfe has previously lamented on several occasions.

The latest ‘shiner is found in Zionsville, Indiana. An apparently failing property has attracted adverse legal action by what Fox 59 reports by that state’s health department and the Environmental Public Health Division

Several homes were ordered removed, as sanitation and other problems prevailed.

Court records reportedly indicate that the property owner, Laura Lei, has been in a legal battle since 2015. Fox 59 said, “Lei is listed as owing a restitution payment in the amount of $279,950.00. She’s scheduled for a telephone conference with the special judge in court in May.”

In 2017 more than a dozen residents of the park were forced to relocate after a judge ordered parts of the park [sic] shut down. Now the remaining residents say Lei has made no attempts to make repairs, so they’re concerned the courts will shut the entire park [sic] down.

SICSicutJournalismDefintionSocietyProfessionalJournalismDailyBusinessNewsMHProNews

It’s not if, it’s when, when is it going to go, you know,” Jill Talyor said. Her father is 88 year old Louis Herring, and a 25 year resident of the community.  “She [the owner] could come and tell us or whoever can come and tell us ‘hey he’s got to be out by the weekend.’” Taylor said.

Tayler’s father is “adamant that he doesn’t want to move, but knows there’s a strong likelihood he’ll have to,” per local media. They said the property owner declined to be interviewed, but said by phone she thought that legal authorities had other motives involved in their actions against the troubled community.

And I think that’s the same for all the people, the uncertainty of what’s going to happen,” she said.

Currently, the community is down to about five remaining residents. The rest of the property “is filled with vacant trailers in various stages of disrepair.”

These are the images of a troubled community that are read, streamed, and cable-cast into people’s homes.  It’s what Marty Lavin called the manufactured home “industry’s other image campaign.”

Marty Lavin Lashes the Manufactured Housing Institute’s (MHI) Latest Initiative

Lavin, is a long-time community owner himself, and an award winning Manufactured Housing Institute (MHI) member. He’s blasted MHI numerous times over issues such as failure to get to the root of issues, such as media engagement.

Back in Zionsville… 

If she’s [the property owner] not going to do anything, and they [the court] are going to do something legally, that’s fine, but get it to somebody else,” said Benny Louden, who’s taken matters into his own hands as far as doing what he can around the community he too calls home. “City, give us a little help, somebody help us out, get her out of here and let’s get this place back to where it was,” Louden said.

What is certain is that like an untreated illness, such stories project an image that lead millions of Americans into an unrealistic view of the realities about manufactured housing.  Q&A’s with industry professionals suggest that it harms business.  When will MHI – which has media relations people and millions in their budget, claiming to represent all aspects of the industry – step up and actually deal with such ongoing issues? ## (News, analysis, and commentary.)

(Third party images are provided under fair use guidelines.)

Related Reports:

For those who don’t want the above to be their image of the industry…

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

 

  1. To sign up in seconds for our industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Consumer Confidence, Manufactured Home Sales, Plus MH Market Updates

April 18th, 2018 No comments

CNNmoney4.18.2018ManufacturedHomeStocksMarketsReportsMHProNewsWages and capital spending by businesses are going up.  The Michigan Survey of Consumer Sentiment is at a high since the early 2000, says White House Council of Economic Advisors Chairman Kevin Hassett.

Duh, as industry pros know, happy and confident consumers are more likely to buy big ticket items, like a manufactured home.  The interview with Hassett will be our focus for tonight.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Senate moves to repeal Obama-era car loan rule
  • Why you got an extra day to file your taxes
  • Amazon and Best Buy partner to sell smart TVs
  • 1 million Americans are counting on Congress to save their pensions
  • The high cost of taking away prisoners’ Medicaid coverage
  • States aren’t waiting for Washington to require poor residents to work
  • Spotlight turns to CEOs in AT&T antitrust trial
  • Starbucks has a bold plan to address racial bias. Will it work?
  • Starbucks’ Howard Schultz: I’m ‘ashamed’ by arrests at Philadelphia store
  • Starbucks CEO on arrests: ‘They didn’t deserve that’
  • The ways companies silence women at work
  • Training women to ask for more money at work
  • 5 warning signs of workplace burnout, and what to do about it
  • James Comey media tour runs into nexus of fiction and reality
  • United eases fears of a fare war
  • Martin Shkreli transferred to prison in New Jersey
  • Tesla will work 24/7 to crank out Model 3s
  • Supreme Court dismisses major privacy rights case
  • Is Amazon a monopoly?
  • Russia’s RT faces 7 new investigations in UK
  • Ireland’s abortion vote provides big test for Facebook
  • Facebook is offering facial recognition again in Europe
  • Facebook under fire for storing facial recognition data without consent
  • Supreme Court debates whether to allow states to tax all online sales

Selected headlines and bullets from Fox Business:

  • IBM drags on Dow; oil rally fuels energy shares
  • Debt path unsustainable, Dallas Fed president says
  • Bump stock manufacturer Slide Fire to stop taking orders
  • Cadillac president departs as turnaround hits snag
  • Wells Fargo mourns employee’s death on Southwest flight
  • Steel prices up ‘dramatically’ thanks to Trump tariffs: Fed[overlay type]INDUSTRIALS
  • Steel prices up ‘dramatically’ thanks to Trump tariffs: Fed
  • Businesses expect more price increases in the months ahead, according to the central bank.
  • Bed Bath & Beyond nears junk status as competitive position erodes: S&P
  • Goldman Sachs average employee comp could hit $448K this year
  • Meet the highest-earning hedge fund managers tracked by Forbes
  • What should you do with your 401(k) when you leave your job?
  • Another California city welcomes ICE in fight against state sanctuary law
  • Trump slams TPP as US re-entry prospects dim
  • Starbucks CEO apologizes for unfair treatment of black men
  • Taxpayers get one-day reprieve after IRS site crashes
  • Best and worst stocks to buy right now

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,708.64 +2.25(+0.08%)

Dow 30 24,748.07 -38.56(-0.16%)

Nasdaq 7,295.24 +14.14(+0.19%)

Russell 2000 1,583.56 +3.76(+0.24%)

Crude Oil 68.75 +2.23(+3.35%)

Gold 1,352.40 +2.90(+0.21%)

Silver 17.20 +0.42(+2.49%)

EUR/USD 1.2379 +0.0008(+0.06%)

10-Yr Bond 2.87 +0.05(+1.88%)

9MarketIndicatorsYahooFinance4.18.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

White House Council of Economic Advisors Chairman Kevin Hassett talks with right-of-center Fox Business’ Stuart Varney about Sen. Mitch McConnell, (R-KY.), saying they won’t claw back the overspending in the omnibus bill.

 Varney asks about the response among voters, per polling, to the tax cuts

Hassert makes several noteworthy points, including that among independents, consumer sentiments are as high as they’ve been since 1984, and that occurred because of the Reagan Administration era tax cuts.

 

ConsumerSentimentHighTaxCutsWorkingKevinHassettFoxBusinessManufacturedHousingIndustryDailyBusinessNewsMHProNews

Still from video, posted above.

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.18.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Who Will Google and YouTube Silence Next?

April 18th, 2018 No comments

WhoWillGoogleYouTubeSilenceNextPragerUDailyBusinessNewsMHProNews

Google and YouTube dominate internet search with over 75% of the market. If you disappear on Google, your ability to voice your opinion disappears too,” says PragerU’s YouTube video page entitled, “Who Will Google Silence Next?”

 

Exaggerated?

PragerU is far from alone in their concerns about the search engine giant.  In Europe, the EU slapped Google with a $2.7 billion dollar fine last year.

Late last year in the U.S., “The state of Missouri is gearing up for a legal battle with GoogleMissouri Attorney General Josh Hawley said Monday that his office is investigating the search giant over allegations that it violated the state’s various consumer-protection and antitrust laws,” per Fortune.

Google and YouTube are part of the marketing mix that is used routinely by manufactured housing professionals. On both the professional and the personal level, what Google and YouTube do is impactful.

The Daily Business News has periodically used Prager videos to make a point relevant for manufactured housing, and related economic or political issues.

PragerU is an educational non-profit that has had over 40 of their videos restricted by YouTube.

That’s why they say they have recently filed a lawsuit against the tech giant. This is not just about PragerU being silenced – it’s about the targeting of dissenting opinions.

Tomorrow it could be your point of view that is silenced,” Prager said.

The video starts with a quote from George Orwell’s classic, 1984. “Who controls the past controls the future who controls the present controls the past.” ## (News, analysis, and commentary.)

(Third party images are provided under fair use guidelines.)

Related Reports:

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

 

  1. To sign up in seconds for our industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

April 17th, 2018 No comments

FacebookFounderMarkZuckerbergSenateTestimonyCapitlHillHearings

The recent Senate hearing in Washington, D.C. by Facebook Founder Mark Zuckerberg has drawn an interesting video analysis.

 

 

But when you pair this up with Galloway’s briefer dive into his prior analysis of similar testimony Zuckerberg’s, the shifting sands of the changing narrative of Facebook comes into focus.

The video that follows sum’s up what L2 Founder and New York Stern University’s Scott Galloway’s concerns are about what’s been said, and how it contradicts prior statements and reports.

ThisIsntAnIndictmentRetributionRecognitionHealthyEconomicCyclePruningFirmsWhenInvasivePrematureDeathWontLetOthersEmergeScottGallowayNYSternProfMarketing

Given hours of testimony and the numerous topics that were raised, Galloway hones in on disconnects and their implications.

(0:41) “Facebook’s Fake News: Mark Zuckerberg Rejects ‘Crazy Idea’ That It Swayed Voters,” The Guardian, November 2016. http://bit.ly/2eOsoDZ

(0:41) “Facebook Showed Russia’s Election Ads to 10 Million People,” The Verge, October 2017. http://bit.ly/2xbdouH

(0:41) “Russian Influence Reached 126 Million Through Facebook Alone,” The New York Times,  October 2017. http://nyti.ms/2zrGjeu

Galloway is on expert record on tech and believe that big tech needs to be broken up, because they aer monopolistic.

He and others are saying that doing so would bring more “oxygen” into the economy, he’s said. ## (News, analysis, and commentary.)

(Third party images are provided under fair use guidelines.)

Related Reports:

“Winners and Losers,” L2 Founder, Prof Scott Galloway on Monopolies

Does Monopoly Power Impact Workers’ Stagnant Wages? MH Industry Impact$

 

  1. To sign up in seconds for our industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

On Tax Day, Debate – Is Taxation Moral or a Form of Theft? – Plus MH Market Updates

April 17th, 2018 No comments

CNNmoney4.16.2018ManufacturedHomeStocksMarketsReportsMHProNewsSenior Judicial Analyst Judge Andrew Napolitano takes on the notion that taxation is form of theft, and former Microsoft CEO Steve Ballmer’s comments on estate taxes, in our market focus on Tax Day.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Toys ‘R’ Us rejects bid from billionaire
  • Former Obama economist Austan Goolsbee joins Quest on ‘Markets Now’
  • CEO of $20 million startup could lose his business over visa issue
  • Starbucks will close 8,000 US stores May 29 for racial-bias training
  • Supreme Court debates whether to allow states to tax all online sales
  • The IRS’ online filing system is having problems … on tax day
  • Obama-era car loan rule could be repealed
  • China lifts restrictions on foreign carmakers
  • NY attorney general wants ‘transparency’ from crypto exchanges
  • Legal fight escalates over Aaron Sorkin adaptation of ‘To Kill a Mockingbird’
  • Supreme Court dismisses major privacy rights case
  • India’s ATMs are running out of cash … again
  • Rocket Lab just got a leg up on the race to launch tiny satellites
  • IMF says global economy will slow after 2019
  • US-China trade: 24 hours that escalated the fight
  • China slaps 179% charge on US sorghum imports
  • US hits export ban on Chinese smartphone maker ZTE
  • Japan is heading for a trade showdown with America
  • China’s economy hit the ground running in 2018
  • How Russian retaliation could hurt America
  • Walmart set to debut new website

Selected headlines and bullets from Fox Business:

 

  • Stocks close higher on strong corporate earnings
  • 8,000 Starbucks stores to halt operations for racial bias training
  • Southwest Airlines stock declines after fatal plane accident
  • Cryptocurrency exchanges draw New York inquiry
  • Tax Day food freebies: 14 restaurants offering deals
  • IRS site crashes as tax deadline looms[overlay type]IRS
  • IRS site crashes as tax deadline looms
  • Southwest Airlines fatality: GE-Safran venture made engine of Boeing jet
  • VW to change iconic logo amid electric-car push
  • Sun Country Airlines gives refunds after blizzard strands passengers
  • As confidence in Facebook plummets, workers’ median salary tops $240K
  • Trump files for tax extension with IRS, White House says
  • Walmart goes after Amazon with website revamp
  • Casino mogul Steve Wynn settles longstanding legal battle with ex-wife
  • On Tax Day, Republicans hope filers are mindful of tax cuts
  • Elon Musk invests another $100M into his ‘flamethrower’ startup

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,706.39 +28.55(+1.07%)

Dow 30 24,786.63 +213.59(+0.87%)

Nasdaq 7,281.10 +124.81(+1.74%)

Russell 2000 1,579.80 +16.77(+1.07%)

Crude Oil 66.66 +0.44(+0.66%)

Gold 1,350.30 -0.40(-0.03%)

Silver 16.78 +0.10(+0.62%)

EUR/USD 1.2371 -0.001(-0.08%)

10-Yr Bond 2.81 -0.02(-0.64%)

 9MarketIndicatorsYahooFinance4.16.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews 

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Tax Day Debate

 

IsTaxationTheftFoxBusinessManufacturedHousingIndustryDailyBusinessNewsMHProNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.16.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.