Posts Tagged ‘Hillary Clinton’

Stock Exchange Winners and Losers under a Clinton Presidency

August 16th, 2016 Comments off

stock_exchange_electronic_board__neurolog_dash_kielce postedDailyBusinessNewsMHProNewsMHProNews has learned from etfdailynews which exchange-traded funds (ETFs) would thrive under a Hillary Clinton presidency and which would starve, according to Barron‘s.

Winners would include hospitals and managed-care facilities because of her intention to expand the Affordable Care Act (ACA), which could prod iShares Dow Jones US Health Care ETF (NYSE:IHF) to perform well. This stock boasts several hospital stocks in its holdings.

Clinton’s Clean Energy Challenge includes tax incentives and grants for green energy initiatives, including solar and wind power companies. ETF to watch: PowerShares WilderHill Clean Energy ETF (NYSE:PBW), which holds a variety of alternative energy companies.

Defense stocks could light up the board nicely as defense firms are among her largest donors. Having dealt with several military operations as Secretary of State, she is no stranger to military intervention. Stock to watch: iShares Dow Jones US Aerospace & Defense ETF (NYSE:ITA), which has a portfolio of the largest defense contractor stocks.

ETFs to run from would include Drugmakers: Clinton has made it clear she intends to lower the price of pharmaceuticals, to the point of having singled-out particular firms. Avoid iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB).

Large banks, brokerage firms and financial services would not likely do well under Clinton because of her support for the Consumer Financial Protection Bureau (CFPB), her desire to tax high frequency trading, and she favors a “risk fee” for big banks. Her support of Dodd-Frank and the CFPB certainly earns her a “no” from the manufactured housing industry. Stock to avoid: SPDR KBW Bank ETF (NYSE:KBE), as it targets large banks.

Finally, fossil fuel firms wold likely fare badly with Clinton in the White House. She has stated her opposition to coal mining on federal lands and opposes offshore drilling for oil. ETF to stay clear of: Energy Select Sector SPDR ETF (NYSE:XLE). The company has large holdings in Exxon and Chevron. ##

(Photo credit: Neurolog-Kielce–Electronic ETF board)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.


Trump’s Speech Plays to National Association of Home Builders

August 12th, 2016 Comments off

Donald_Trump_at_NAHB_meeting__therealdeal__credit postedDailyBusinessNewsMHProNewsSaying that “housing equals jobs,” Republican presidential nominee Donald Trump, playing to members of the National Association of Home Builders (NAHB), said that he would cut regulations, lower taxes and create jobs if he is elected, as the 900 small business owners responded with resounding applause at the Fontainebleau Miami Beach.

Noting his background as the son of a home builder, Fred Trump, Donald Trump said, “I have great respect for homebuilders,” he said during his speech. “I grew up with a homebuilder — he’s a really good homebuilder — and I used to sit at his knee with blocks, and watch my father or listen to my father negotiate on the phone with plumbers and sheet-rockers and electricians ….  I learned tremendous things from a homebuilder.”

Saying he was “so comfortable” with his audience, Trump underscored one of the main issues that concerns builders, namely that regulations account for 25 percent of home building costs. He said he would put a temporary moratorium on new agency regulations, and that “We should get it down to about two percent.”

At one point during his 30-minute speech, according to what thereadeal informs MHProNews, he displayed a chart revealing that homeownership is at its lowest level in 51 years.

During his talk he took jabs at his opponent, Democratic presidential nominee Hillary Clinton and President Obama on taxes, trade and foreign policy, including his oft-repeated claim that Clinton and Obama founded ISIS.


Donald Trump has begun using charts during his speeches, and held this chart up during his address to the homebuilders in Florida. The first video clip below is focused on this part of his talk, where he speaks about Dodd-Frank, how hard it is to borrow, and that homeownership – the American Dream – is at a 51 year low under President Obama.  The second video below is of the full address to the homebuilders.

The crowd responded with a standing ovation when he finished his talk, yet some were not convinced. “He played us perfectly; he played us extremely well,” Joe Schwab of Bellevue, Washington-based HCS Construction, an NAHB board member, told therealdeal after the speech.

Overregulation is a “big problem,” Trump said. “We’ll have a massive cut in regulations,” as quoted in HousingWire.We will eliminate all regulations that kills jobs. Hillary Clinton wants to tax and regulate our economy to death.” Trump closed his speech with his campaign slogan of America First and another story about his father. ##
(Editor’s Note:
To learn more about Donald Trump’s son – Eric Trump – and their involvement with modular homes, click here.)

(Photo credit: therealdeal-Donald Trump speaking to members of the National Association of Home Builders)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily business News-MHProNews.

Unemployment Rate Tells One Story; Labor Participation Rate Determines Revenue, Federal Debt

August 8th, 2016 Comments off

Labor_Participation_Rate_CNBC_Bureau_of_Labor_statistics postedDailyBusinessNewsMHProNewsEach first Friday of the month the Labor Department’s Bureau of Labor Statistics issues its jobs report for the previous month—commonly called the U-3 number–an abundance of employment-related data, each of which has a story about the employment scene.

While the official unemployment rate held steady at 4.9 percent—called the “total unemployed, as a percent of the civilian labor force”– most economists look beyond that to what they call the U-6 number, which provides a broader perspective. That rate fell in June to 9.6 percent, the lowest level since April 2008, but rose slightly in July to 9.7 percent. It is defined as all the unemployed, plus “persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the labor force.” In other words, it is the unemployed, underemployed and the discouraged, as cnbc informs MHProNews.

Of concern is the labor force participation rate, which measures what part of the population is employed or seeking employment. That rate rose one tenth of a percent to 62.8 percent.

While job growth was only 24,000 in May, June’s numbers swelled to 292,000 and July another 255,000 jobs were added, statistics which have fueled a rise in wages following several years of tepid growth.

July’s average hourly wage rose to $25.69, while weekly wages hit $886.31.

Jobs are an important battleground in the race for the White House. Democrat Hillary Clinton has called for an increased spending in infrastructure programs, promising workers in a speech outside Denver “millions of jobs with rising incomes.”

Republican candidate Donald Trump meanwhile claims the Obama administration has allowed American companies to ship jobs overseas without creating growth at home. Trump also noted that then-Senator Clinton promised jobs in New York state that didn’t materialize.

While ten million jobs have been added since President Obama took office, it is the equivalent of about half the jobs added during Bill Clinton’s tenure in the White House, and a bit less than those added when Ronald Reagan was president.

Meanwhile, according to cnsnews, 94,333,000 Americans were not in the active labor force in July, just a bit of improvement from the 94,517,000 in June.

In July, while the unemployment rate remained at 4.9 percent, the number of those unemployed dropped 13,000 to 7,770,000, as the number of those employed rose 420,000 to 151,517,000.

The nation’s civilian noninstitutional population, comprised of all people 16 or older who were not in the military or an institution, reached 253,620,000 in July. Of those, 159,287,000 participated in the labor force, either holding a job or actively seeking one, equaling 62.8 percent of the 253,620,000 civilian noninstitutional population.

The Congressional Budget Office (CBO) issued a report in July predicting that the labor force participation rate will fall to 58 percent in 2046. The number obviously may change based on any number of demographics, a change in male and female roles, economic conditions, technological developments as well as medical breakthroughs that could increase the age of the work force.

However, if the labor force participation hits 61 percent in 2046, the higher gross domestic product (GDP) would lead to increased revenues, higher interest rates, smaller budget deficits as well as less federal debt.

Conversely, if labor participation drops to 55 percent in 2046, the slowdown in economic growth will result in larger budget deficits and more federal debt.

Finally, the CBO forecast that the labor force will grow at the average rate of 0.4 percent per year during the coming 30 years, compared with 1.5 percent from 1966 to 2015. ##

(Graphic credit:CNBC/Bureau of Labor Statistics–labor force participation rate)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.


Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016

July 31st, 2016 Comments off

MHProNews_3 Sunday Morning recap postedDailyBusinessNewsMHProNewsWhat’s New in public focused Manufactured

NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’)

What’s New in Manufactured Housing Industry Professional News

FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected to rise 67%. Robot lays brick at super human speed. Desire for homeownership remains strong. MHARR awaits formaldehyde rules. MH industry grows despite negative image. MH Community owner sued by Penn. attorney general. Homeless in IN town get Tiny Homes. Maine manufactured home community growing. Commodore acquires manufactured home builder in Wis. MHARR smells collusion in DOE proposal. Modular container homes going to First Nation peoples in Canada. Lender offering one percent down on home purchase. Sun drawing institutional investors. Habitat for Humanity, air base, team to replace caregiver’s manufactured home. Plus, news and views for yhou to peruse as you make your MH-related industry decisions.

Saturday, July 30, 2016

CFPB Tries to Clarify Know Before You Owe, but Lenders Still See Glitch

Friday, July 29

Patrick’s Sales Rise 35% in Q2; NOI Increases 37%

FEMA Moving Manufactured Homes into two Additional West Virginia Counties

NeighborWorks Achieving Excellence Program Teaches Leadership

Carlyle Group Leads Gainers; MHCV Slips to 1380.4

Sun Communities Stock hits New High, but Projected Higher

Robotic Bricklayer Lays 225 Bricks/Hour. On Tap: 1000 Bricks/Hour

Thursday, July 28

MHARR Braces for EPA’s New Formaldehyde Ruling

Desire for Home Ownership Remains Strong

NorthStar Tops MH-related Gainers; UFPI Slips -0.99 Percent

Singapore Building Four Blocks of Modular Housing

While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha

Pending Home Sales Index Inches Up in June

Wednesday, July 27

Pennsylvania MH Community Owner Sued for not Paying Relocation Costs

Tiny Homes Arrive in Muncie, IN to House Homeless

Planning Commission Approves Siting of Two Manufactured Homes

Patrick Industries Moves Up; Nobility and Carlyle fell the Most

Maine Manufactured Home Community Expanding

Site-built Home Sales Looking Good. Can it Continue?

Tuesday, July 26

Commodore Corporation Acquires Canadian American Homes of Wis.

Resident: Site Manufactured Homes on Vacant lots for Hillcrest Neighbors

MHCV Nudges Up as Dow Edges Down

MHARR Continues Tirade over HUD/MHI/DOE Collusion

First Nation People in Canada getting Modular Container Homes

Sun Communities Draws Hedge Fund Investors

Mon. July 25

One Percent Down Could Put You in a Home

Dow Jones Slips; MH-related Stocks Similarly Quiet

Habitat Teams with Air Base to Replace Special Needs Caregiver’s Manufactured Home

Politically Tarnished Philadelphia Prepares for Democratic Convention, Demonstrators

Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016 ##

(Photo credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Congressional Budget Office: America Taxing Itself into Poverty

July 15th, 2016 Comments off

Crystal Ball dollar fotosearch postedDailyBusinessNewsMHProNewsIn an attempt to reach out to the 18 to 30 year old voter demographic (though she leads Trump by double, 45 percent are undecided), Democratic presumptive presidential candidate Hillary Clinton is offering free in state college education for families making up to $125,000 a year. She also advocates raising the minimum wage to $15/hr, and allow 55-year olds to purchase Medicare coverage.

As breitbart tells MHProNews, the non-partisan Congressional Budget Office (CBO) has periodically warned of irresponsible spending that has deleterious long-term effects on the solvency of the United States.

The CBO says the net federal debt’s share of the overall economy will steadily rise from “75 percent of GDP in the wake of the financial crisis, to 86 percent in 2026 and 141 percent in 2046.” That is higher than the historic peak of 106 percent of gross domestic product (GDP) at the end of World War II.

The debt future is getting bleaker: Last year the CBO predicted the federal debt would not reach 126 percent until 1940, and it is ahead of that now.

It says federal tax revenues as a share of GDP will be flat over the next ten years, moving between 18.0 percent and 18.2 percent; but in 2026 the average tax bill will increase sufficiently to raise the federal tax revenues as as share of GDP to 19.4. However, the CBO estimates that the higher tax rates will dampen economic activity, reducing overall tax revenue.

This will also reduce the Gross National Product per person from an average of 1.9 percent over the last 50 years to 1.3 percent annually over the next 30 years.

Mounting debt will reduce national saving and income, increase government’s interest bill, put more pressure on other aspects of the budget, limit the ability of the government to respond effectively to catastrophes and wars, and perhaps spur a financial crisis.

According to breitbart, “Given that the self-serving federal bureaucracy usually advocates for an increase federal tax rates, a warning from the respected CBO that high tax rates are about to impoverish America will have a significant influence on future public policy debates.” ##

(Image credit: fotosearch–moneyed crystal ball)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

As Government Grows, Regulations Impose, the Economy Slows

June 16th, 2016 Comments off

regulatory_costs_incurred_during_construction__nahb__3_2016Saying people have forgotten President Reagan’s line: “The government is not the solution, it is the problem.” The larger the government grows, the slower the economic growth, writes Richard W. Rahn in washingtontimes.

The article MHProNews posted June 9, 2016 reports Donald Trump promises to end Dodd-Frank and its chokehold regulations through the CFPB that have all but ended financing options for the least expensive manufactured homes (linked here).

Oppositionally, Hillary Clinton promises to keep Dodd-Frank, likely beef it up, and oppose HR 650/S682.

Meanwhile, Rahn writes, At some point, economic growth is so slow that despite high levels of taxation and spending, the long-term situation gets worse rather than better for most people. The United States has suffered wage stagnation under the Obama administration, even with a huge growth in government spending and regulation,” he says.

A longtime supporter of the Center for Freedom and Prosperity (CFP), which supports global tax competition and smaller government, Rahn’s vision is for less tax-and-regulatory grab.

He says Dan Mitchell, chairman of the CFP board quotes former Michigan Democratic Senator Carl Levin (1979 to 2015) who said the CFP’s “activities run counter to America’s values and undermine the nation’s ability to raise revenue,” as tax receipts during his tenure skyrocketed from $463 billion to $3.2 trillion. Levin complained it was not enough, regardless of the economic and social damage it caused.

The two percent growth rate of the majority of the world’s developed economies is not sufficient to raise the standard of living for most people, and it is directly related to too much government regulation.

For most countries the optimum size of government is probably around 25 percent of GDP. The U. S. is at 42, Singapore and Hong Kong are around 18 percent while Switzerland is at 33. The last three mentioned entities all have per capita incomes higher than America, long life expectancy and medical care, a narrative that advocates of more government do not like to hear.

Reagan’s words echo again. Rahn: “This was never truer than today. Governments around the world are crushing economic growth and opportunity, and destroying basic liberties. This will not change until knowledgeable people bust the false narrative that more government will make things better.”

For MHARR’s Mark Weiss’ spearing take on over reaching regulations in the MH industry, click here. ##

(Graphic credit: National Association of Home Builders, March 2016)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.

Clinton Clinches, Sanders Perseveres, Trump Polishes

June 9th, 2016 Comments off

white_house__dc_dot_about_creditHillary Clinton, her win in the California primary officially making her the presumptive Democratic presidential contender learned from her mistakes in the 2008 election when Barack Obama’s team outmaneuvered her. This year her campaign manager, Robby Mook, and Marlon Marshall, director of state campaigns and political engagement, realized the strength of Bernie Sanders’ draw when he raised $25 million last Sept., just $3 million less than Clinton, reports The Washington Post to MHProNews.

They immediately went to work on mapping out a strategy aimed at shoring up the delegate count, realizing that even with the votes likely, the enthusiasm and money flowing into Sanders’ coffers meant he would likely be around for a while—and they were right, perhaps not realizing he would carry his delegates all the way to the convention floor next month, trying to get super delegates to vote for him.

According to newsmax, his staff has been cut in half since Clinton clinched the delegate count, letting go the logistics and field staff members although one current campaign official said some may work in his Senate office, others may return to work at the convention in Philadelphia.

Sanders’ appeal to the young voter, fired up about ending politics as usual, and may not have voted recently, is mirrored in Donald Trump’s appeal to a similar constituency who were also tired of politics-as-usual, felt they had been ignored and may not have voted recently either.

When Cruz dropped out in May, Clinton began operating two campaigns—one for the primary, the other the general election, but Sanders proved difficult, as he came close to winning in the Iowa primary despite arriving late, and he surprised her in Michigan March 8, winning by one-and-a-half points.

At the beginning of May when Trump clinched the delegate count in Indiana for the Republican nomination, Clinton did not want to be dismissive of Sanders, but needed to begin her politics-as-usual campaign against the unconventional style of Trump.

One staff concern was that Trump, having clinched the needed delegates, would become more presidential and change his style, as his chief strategist, Paul Manafort had assured members of the Republican National Committee.

But those fears were allayed when Trump, the night his delegate count hit the magic number, said, “Frankly, if Hillary Clinton were a man, I don’t think she’d get five percent of the vote. The only thing she’s got going is the woman’s card. And the beautiful thing is, women don’t like her. Look how well I did with women tonight.”

Clinton shot back with her often-used line: “If fighting for women’s health care and paid family leave and equal pay is playing the woman card, then deal me in.”

But Clinton cannot count on Trump continuing to stub his toe. He is very tough, and her campaign has to assure that Trump will not take votes away from her.

As Karen Tumulty tells MHProNews, “Clinton has already made history by locking up the nomination. And she has shown that she can learn from her own mistakes. Now comes the biggest chance of all, and this time, there will be no margin for error.”

Meanwhile, CNN news anchor Jake Tapper led a panel discussion Tuesday, June 7 in which he alleges reporters are treating Clinton with kid gloves on the eve of her capturing the Democratic nomination, while Donald Trump gets the tougher questions. Trump supporter Kayleigh McEnany said reporters were throwing softballs at Clinton. The Washington Free Beacon reports one third of reporters’ question dealt with her making history, and one even said, “People just come up to you and they get tears in their eyes. Do you feel the weight of what this means for people.” Boo-Hoo.

Tapper, noting the media claims that they are fair, says, Would the argument of reporters not be stronger if these ridiculously sycophantic questions that were asked of Hillary Clinton yesterday …would not that argument be stronger?” Tapper asked.

Newt Gingrich says Trump can beat Clinton if he remains focused and disciplined, “He’s going to be very formidable, and he’s going to beat Hillary very badly this fall.” Appearing on Fox News Channel’s Hannity, Gingrich said his speech Tuesday night was very presidential. “It was thoughtful. It’s what people want from a president,” and it is “a very big step in the right direction.”

Gingrich has been named as a possible running mate for Trump, although he has criticized him in the past, including his calling the judge in the Trump University case unfair.

She will not recover if she’s caught up in a big-issue election with a disciplined Donald Trump. They won’t be in the same league,” says Gingrich.

MHProNews notes that Trump promises to end Dodd-Frank, which gave birth to the CFPB and its choke-hold on free speech (the so-called MLO rule). CFPB regulations has driven out lending on the least expensive manufactured housing.  Clinton promises to keep Dodd-Frank, and will resist changes such as HR 650/S 682.  For a related report on Richard Cordray and pending industry legislative efforts, click here. Both candidates are promising major speeches and policy positions in the days ahead. ##

(Photo credit: dc.about-the White House, Washington, D. C.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.



Dodd-Frank Act is Harming the Economy, says Donald Trump

May 18th, 2016 Comments off

Donald_trump__newsmax_mediaIn an interview with Reuters, presidential candidate Donald Trump stated financial reforms implemented under President Obama, specifically the Dodd-Frank Act, and the ensuing Consumer Financial Protection Bureau (CFPB), are stifling the economy and he would ditch most all of their provisions.

Dodd-Frank has made it impossible for bankers to function,” he said. “It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop.”

In about two weeks he will release a plan for overhauling Dodd-Frank, which would be tantamount to dismantling of the legislation, prompting Democratic frontrunner Hillary Clinton to say that is a “reckless idea” which would “leave middle-class families out to dry.”

Dodd-Frank was passed in the aftermath of the Great Recession to make banks less vulnerable in times of crisis, but it also had the unintended consequence of making it more difficult for consumers to purchase manufactured homes, something the CFPB’s Director Richard Cordray could change with the stroke of a pen, as MHProNews understands.

Congressional Republicans have tried to ease the burden of the new regulations on small and medium-sized banks, and have called for the replacement of the sole CFPB director with a commission, as well as bringing the agency under Congressional oversight. Some have said the CFPB needs to be shelved altogether.

Banks and other lenders have spent six years and millions of dollars in attempting to comply with the law, according to newsmax.

John Hall, of the American Bankers Association (ABA), said, “Every law can be improved, and Dodd-Frank is no exception. Sometimes there are drafting errors. Sometimes a good idea in theory turns out to be unworkable after a closer look in the light of day.”

Representative Jeb Hensarling (R-TX), the chairman of the House Financial Services Committee, who has endorsed Mr. Trump, intends to release his own financial reform package in several weeks.

However, Dennis Kelleher of Better Markets said Trump’s plan would be “a slap in the face to the American people who have suffered so much from the 2008 crash.”

While Trump has not discussed specifics of his plan, he suggested that financial institutions should separate commercial banking activities from investment banking.

He did praise Fed Chair Janet Yellen for keeping interest rates low, but when her term expires he would replace her with a Republican.

For more information on an MH related topic, click here. ##

(Photo credit: newsmax–presidential candidate Donald Trump)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Trump’s Opponents Spent over $75 Million Trying to Defeat Him

May 4th, 2016 Comments off

trump__thegatewaypundit__creditMHProNews has learned from thegatewaypundit that anti-Trump groups spent $75.7 million on 64,000 television ads against Donald Trump’s bid for the presidency, according to ad tracking firm Kantar Media/CMAG. This figure does not include ads that appeared on cable and satellite channels as those are not part of the tracking data.

Conservative Solutions PAC, a pro Marco Rubio group, spent over one of every four dollars for an anti-Tump ad—about $19.7 million. One of their ads, “Serious,” ran 3,939 times, the most of any anti-Trump ad. His campaign even ran ads in Missouri attempting to link Trump to the KKK.

The second most anti-Trump ad that ran, “Day One,” was sponsored by a Sen. Ted Cruz group that criticized Trump and other candidates.

In second place for the most anti-Trump dollars spent came from Jeb Bush’s super PAC, Right to Rise USA, which spent nearly $10 million.

Shelling out the most of any presidential candidate on either side of the aisle, Hillary Clinton’s campaign spent $5.2 million on ads with an anti-Trump message.

But Cruz’s campaign spent $4.3 million against Trump, more than any other Republican.

Meanwhile, on the Democrat side, Bernie Sanders defeated Hillary Clinton in Indiana, the same state that gave Trump a resounding defeat over Ted Cruz, and all but sealed the Republican primary for Trump.

As MHProNews has reported, Democrats want to keep, and possibly expand, the reach of the Consumer Financial Protection Bureau, while Republicans say they want to do away with the agency. ##

(Photo credit: thegatewaypundit–Donald Trump campaigning)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Trump Towers, Clinton Cruises to NY Win

April 20th, 2016 Comments off

trump_towers__ny__post__creditIn the New York primary, with 98.8% of the votes tabulated, according to what politico tells MHProNews, Republican presidential candidate Donald Trump topped opponents Sen. Ted Cruz and Gov. John Kasich, winning 60.5 percent of the votes, 89 of the 95 delegates. Kasich earned 25.1 percent, picking up three delegates, while Cruz received 14.5 percent.

On the Democrat side, Hillary Clinton gained 57.9 percent of the vote, picking up 175 delegates while Sen. Bernie Sanders gained 42.1 percent, giving him 106 delegates.

The three remaining candidates for the Republican nomination intend to alter or end what they see as the job and growth killing policies and practices of the Consumer Financial Protection Bureau, while both Democratic candidates vow to keep or strengthen what they see as the important reforms of the Dodd-Frank Act. ##

(Image credit: New York Post)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.