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Home > Analysis and Commentary, Business, Canada, Economy, Election, Finance, Manufactured Home Communities, Manufactured Housing Industry, News, Politics, Stocks, Trends > “We Shouldn’t Fear Our Government,” Feds Pay Out Millions in Case, Plus MH Market Updates

“We Shouldn’t Fear Our Government,” Feds Pay Out Millions in Case, Plus MH Market Updates

August 13th, 2018

CNNmoney8.13.2018ManufacturedHomeStocksMarketsReportsMHProNewsWe Shouldn’t Fear Our Government,” said True the Vote’s Catherine Engelbrecht in a video in our featured report this evening. The IRS targeting scandal of conservative groups during the Obama Administration may not seem to have anything to do with the markets, or manufactured housing, does it? The recent settlement of the scandal will be our market focus for this evening.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy 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.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Corporate America is raking in fat profits. Will it last?
  • Look out Apple! Amazon may soon be worth $1 trillion too
  • What happens next in Turkey? It probably won’t be good
  • Turkish lira plummets again, hits record low
  • Drones and bluetooth sneakers: What’s with all the pizza gimmicks?
  • Lee and Wrangler jeans get the boot as VF Corp moves to Denver
  • Russia plans to sell more US debt in response to sanctions
  • Turkey’s currency crisis rages on as lira sinks again
  • Could she become the first female bank CEO on Wall Street?
  • They, them, theirs? The push for going gender-neutral in the workplace
  • ‘Women are devalued and demeaned’ at Nike, two ex-employees say in lawsuit
  • Cinemark’s Movie Club is the anti-MoviePass
  • Some businesses want to change the law that saved grizzly bears and gray wolves
  • Twitter admits InfoWars violated rules, but says it will remain on platform
  • NYC Mayor Bill de Blasio blasts Rupert Murdoch and Fox News
  • More than 100 newspapers will publish editorials decrying Trump’s anti-press rhetoric
  • At WeWork summer camp, there’s no meat, plastic straws or bottled water
  • Boeing, America’s biggest exporter, weighs in on tariffs
  • A rare tour of Boeing’s gigantic jet factory
  • What it takes to make the Boeing Dreamliner
  • 5 signs you were meant to work for yourself
  • Summers off? Yes, please! This company lets you pick your own perks
  • How to get a non-tech job in tech
  • Ryanair cancels 400 flights as pilots strike in 5 countries
  • Amazon has a new way to keep sites from crashing
  • Facebook bars users from sharing blueprints for 3D-printed guns
  • What Android Pie means for the future of smartphones
  • You don’t have to be a billionaire to invest in startups
  • White anxiety finds a home at Fox News
  • Samsung’s Galaxy Note 9: All-day battery life and Fortnite
  • Samsung is late to the smart speaker game. Here’s how it could catch up
  • Should I get a fixed- or adjustable-rate mortgage?
  • Deepfakes are coming. Is Big Tech ready?

Select Bullets from Fox Business

 

  • US putting ‘final details’ into Mexico trade deal, Trump economic adviser says
  • US stocks lower as investors eye developments in Turkey
  • Best case, worst case for markets: Here’s how it could play out
  • Why older Americans are the new face of student loan debt
  • China unloads US soybean cargo amid public worries about cost of trade war
  • Roundup’s $289M cancer verdict opens up floodgates for thousands of other lawsuits
  • California solar panel mandate an absolute con job: Republican Party chairman
  • Meet the small-town attorney that took Monsanto for $298M
  • ‘Tiger Effect’ boosts TV ratings at PGA Championship
  • Wrangler, Lee jeans to form new company as VF Corp plans spinoff
  • Young Americans expect to retire by 60 even as debt levels pile up
  • Millennials will be eligible to claim their full Social Security benefits at age 67.
  • Tesla CEO Musk says Saudi fund wants to take company private
  • Trump supports Harley-Davidson’s long-term viability: Sean Spicer
  • Economist: Eat endangered species to save them
  • States where $300K can buy you the biggest home
  • One reason wages aren’t rising faster
  • Jury awards $289M to man who blames Roundup for cancer
  • The 10 hottest SUVs of the summer
  • Home prices soar in these cities, states
  • NY Senate candidate will push to make rent tax deductible if wins
  • Every time we cut the capital gains tax it’s a tremendous advantage: Norquist
  • Trump administration tax on capital gains tax
  • Meet the small-town attorney that took Monsanto for $298M
  • Small business owners favor more China tariffs: Survey
  • Pricing power is king and business owners want more of it.

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

9MarketIndicatorsYahooFinance8.13.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

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 –

CatherineEngelebrechtFoxDailyBusinessNewsMHproNews

 

The Washington Post, and Accounting Today reported last April the plan to settle the IRS targeting scandal case.  That settlement deal was inked on August 10th, although not all are happy with it.

To flash back to 2016, “We Shouldn’t Fear Our Government,” said True the Vote’s Catherine Engelbrecht.

TrueTheVoteWikipediaDailyBusinessNEwsMHProNEws

Will this court ruling energize conservative groups?

Will these groups stay engaged in the 2018 contest, which is less than 3 months away?

 

 

A judge…approved a settlement between the IRS and hundreds of tea party groups, in which the federal agency agreed to pay out $3.5 million, reports the Chattanooga Free Times, and Fox News.

It shows that when a government agency desires to target citizens based on their viewpoints, a price will be paid,” said Edward Greim, a lawyer who led the class-action case in federal court in Cincinnati, according to the Washington Times.


An award-winning manufactured housing professional, Dick Moore, told MHProNews that he was targeted by the IRS for his political views, which is one of several reasons for spotlighting this topic tonight.

But another reason is the broader question, what will happen if the GOP loses the House in November?

 

Skirts vs. Coat-Tails for Biz and Investors? Plus Manufactured Housing Market Updates

 

The tea party groups received a “sincere apology” from the IRS, and the government agreed to a declaratory judgment that “it is wrong” to scrutinize a tax return because of a taxpayer’s name or political philosophy, the report said.

“I’m not frankly aware of any other class-action lawsuit against the IRS for anything where the IRS paid money,” Mark Meckler, who as president of Citizens for Self Governance funded the class-action challenge, previously told the Times when the settlement was submitted for final approval a few weeks ago.

Just as 2016 was a “jump ball,” 2018 is too. Each major party can point to their evidence as to why they believe they can win. What would happen to the economic progress made if the House flips?

Skirts vs. Coat-Tails for Biz and Investors? Plus Manufactured Housing Market Updates

 

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).

8.13.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

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.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe 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.)

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


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