Get ready for the Greatest Show on Earth. I’m not kidding!
The circus opens today in Washington at the big-top U.S. Court of Federal Claims.
That’s where insurer Starr International is suing the United States for essentially ripping off American International Group Inc. (NYSE: AIG) and its shareholders. Starr is an insurance company controlled by Maurice “Hank” Greenberg, the former CEO of AIG, not long ago the largest insurance company in the world.
Starr International Co. Inc. v. United States will feature clowns, both the frightening variety and the funny kind… lions and tigers and bears, oh my… death-defying high-wire acts… human cannonballs… and bare-naked ladies.
Here’s what it comes down to. Did the Federal Reserve and the U.S. Department of the Treasury have the right to confiscate 80% of AIG’s common stock during the 2008 bailout, in the process costing AIG shareholders $40 billion?
Defense stocks have had a good run so far this year. Shah appeared on Fox Business yesterday afternoon advocating taking profits on three of the biggest firms that have reached all-time highs recently.
With the rise of lower cost energy alternatives like natural gas, major coal producers – including Alpha Natural Resources and Peabody Energy – have seen a massive decline over the past 5 years. Is it time to sell or buy more at these extremely low levels? Shah tells us what to do.
He also gives his best natural gas pick that’s poised to be a $140 billion enterprise company. “And the prospect for dividends is tremendous,” says Shah. The dividend yield will more than likely start around 5% but he expects it to go a lot higher.
And Shah calls Alibaba “a go-to stock for the next decade or two.”
The divide between haves and have-nots is widening every day.
There are fewer and fewer good jobs and careers to be had.
And maybe worst of all, according a survey by the non-profit Employee Benefit Research Institute and Greenwald and Associates, about 36% of workers have less than $1,000 in savings and investments that could be used for retirement (not counting their primary residence or defined benefit plans and traditional pensions), and 60% of workers have less than $25,000.
Whether it’s photos of nude celebrities hacked from the iCloud; hacked credit cards at Home Depot; hacking attacks on JPMorgan Chase; or the National Security Agency‘s hacking all of us, the truth is that we’re all hackable – because we’re all on servers somewhere.
Servers – whether in our own PCs, in our workplace’s IT “closets” or in the “cloud” – provide essential services and hold huge amounts of our important information.