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Wrestleknownothing

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Everything posted by Wrestleknownothing

  1. There wa a guy who played basketball at DePaul in the late 80's, Sam something. I can't remeber his last name, but his nickname was "The People's Choice". The crowd would go crazy whenever he entered the game. He was truly beloved. But legendary? No, I can't even remember his last name. Iowa wrestlers who don't win titles will be filed under "what ever happened to that guy?" in 20 -30 years.
  2. I saw the coyotes making a home for themselves in my backyard high pawing each other.
  3. Illinois Supreme Court Upholds State's Ban on Semi-Automatic Weapons Progress being made in The Land of Lincoln.
  4. Offshore accounts are used as a tax arbitrage. Most of finance is about gaining favorable tax treatment. If you can do a transaction in a jurisdiction with low taxes it is better than doing it in a jurisdiction with high taxes. Sometimes that happens domestically, for example a lot of people move to Florida, or at least move there part-time to lower their taxes. As with all things there are legal ways to do this and illegal ways to do this. If you claim to live in Florida more than half the year and thereby receive a tax benefit, but do not actually live in Florida the minimum required time, that is illegal. I am not sure how often that is noticed or prosecuted. Corporations use offshore accounts all the time. Coca Cola, McDonalds, and many other US corporations, rarely repatriate profits earned overseas in order to avoid paying US taxes on top of local taxes. There have been many attempts over the years to force repatriation, though I am not sure of the current status. Hedge funds are often incorporated in the Cayman Islands, Bermuda or Ireland because those jurisdictions recruit them by offering low, or no, tax regimes. It is why FTX and its associated trading firms were all located in Bermuda. As for why you and I do not use offshore bank accounts and shell companies, we are nowhere rich enough. To set these up requires lawyers, accountants, banks, and others. And everyone gets paid. So it only makes sense if you have a lot of money with a large potential tax benefit. The existence of offshore accounts could hint at illegal activity, or it could just be good estate and tax planning.
  5. That is in no way equivalent. A closer equivalent would be: Selling access through selling hotel rooms. And then selling the hotel once you are no longer president.
  6. Being a Hawkeye has nothing to do with it. And notice I left out legend? Second, DNP is hardly legendary.
  7. But isn't that how you do it? "Let's not do something crass like talk business with my father, The Vice President, on the phone. You know because my father, The Vice President of the United States, is just on the phone because he really loves me, The Son of The Vice President of the United States who he will probably have dinner with later, but always talks to all the time because of the father / son thing we have between us. And by us I mean me, The Beloved Son of The Vice President of The United States, and him, The Vice President of The United States, who, funny trivia bit here, they often describe as being one heart beat away from being The President of The United States. But enough about or close, loving, caring, did I mention close, relationship, a relationship that includes me being able to get the second most powerful, by some accounts, man in the world to drop whatever matters of vital interest to our country he was working on, to say hello to you, my potential future business partner who I definitely do not want to discuss business with at this very moment. Have I made my self clear?"
  8. I wasn't addressing Biden's claim, just answering Art's question about how it is possible. As for canned practice responses, he is a politician after all. Trump's go to was Fake News any time someone asked him an uncomfortable question. And if you watch a presidential debate it is exceedingly rare for any candidate of any party to answer any question. All "answers" are just redirections to talking points.
  9. The mask in the car always got me. That is some serious fear. So much so, I don't know how they function. But then there are a lot of frightened people out there. If it wasn't going to be Covid, it was going to be something else. I just keep reminding myself that everyone is dealing with something. I got together with a childhood friend I do not see very often. He told me his wife still would not leave the house until they have a cure for long Covid. I thought it really isn't about Covid, is it?
  10. I read this today in my go to finance newsletter and thought of your comment: The syllogism is: Every bad thing that a public company does is securities fraud: The company did the bad thing, it didn’t tell shareholders about it in advance, the shareholders bought the stock not knowing about the bad thing, and when they learned of it they felt defrauded. In the US, politics are both polarized and totalizing: Everything that everyone does has some political valence, and some people will think it is bad while others will think it is good. Therefore everything that a public company does strikes someone as bad, and is therefore securities fraud. I don’t make the rules! I mean, I guess I did kind of make up the rule “everything is securities fraud,” but only as a description of what I have observed in reality.
  11. Maybe....Maybe you can argue that on balance Trump was bad for Fox given that they ultimately paid $787 million to Dominion Voting, and probably have set aside assets to cover other liabilities tied to election lies, which are a direct result of aligning themselves with Trump. But given the absolute content gold he has been, and continues to be, I think you would be hard pressed to say he has been a disappointment to the networks writ large.
  12. Correct. Big Eight turned into Big 12 when Texas, Texas Tech, Texas A&M and Baylor left the SWC to join the Big Eight. Remember the Southwest Conference? Also came apart over TV deals. The Athletic has a good article on this.
  13. It looks like Barstool was causing Penn some regulatory hassles. For example, one of my favorite personalities is Barstool Big Cat. He comes on the local ESPN radio station regularly and is highly entertaining. Apparently, he is one of the main Barstool sports betting experts and his tongue-in-cheek named "Can't Lose Parlay" got them investigated by regulators in Massachusetts. But, I think PENN was mostly happy to be rid of Portnoy and all his controversy. Interestingly, it is PENN that is paying ESPN in this new partnership.
  14. Fox already tried with Fox Bet. They have just announced a few days ago that they are shutting it down.
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