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    Senator McConnell’s Dilemma:   To Serve Patients or Investors?

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When evaluating health care investments it is important to analyze the structure of leading drug and medical equipment companies.  A close look indeed reveals a derivative driven system in which private equity and hedge funds increase demand for drug payments by purchasing the rights to the cash flows from key drugs.  Patients are indeed unaware that many of the drugs they consume are now owned in part by private equity investors.

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Trump Mercer Simons Koskinen Bharara

President Trump’s most significant backer, Robert Mercer (CEO of the giant hedge fund Renaissance Technologies), is Deutsche Bank’s largest customer.   Deutsche Bank is indeed also President Trump’s and Jared Kushner’s largest lender.  One phone call from Mercer and either should be able to refinance or gain a new loan, as both did in 2016.

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by Jeff Manning, The Oregonian

Corporate Oregon’s declining contribution is due at least in part to what Portland investment adviser Bill Parish called “the explosion of accounting gimmicks and tax schemes” that corporations use to manipulate their bottom lines and dodge taxes.
“Measure 97 is a beautiful tax because by taxing gross sales above $25 million it ensures taxes will be collected,” Parish said.

Read full story here:  How Measure 97 might affect Oregon businesses

 

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by, Joseph Tanfani and Evan Halper, Los Angeles Times

“When it comes to money, they’re all on the same page,” said Bill Parish, an Oregon investment advisor who blogs about tax policy.

Read full story here:  Renaissance Technologies execs team up to conquer Wall Street

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In 2010 the Supreme Court ruled in favor of Citizens United, opening the door for unlimited political contributions, essentially turning major political races over to billionaires.  Republicans and Democrats now openly agree this has had a major impact on the political process.

Billionaire Donald Trump himself has openly criticized this decision, calling it a disaster for Democracy.   During the campaign he has also called opponents, including Marco Rubio and Ted Cruz ,”puppets for their billionaire donors.”  Trump is self funding his campaign.

Parish & Company reviews candidates financial information for various news organizations and this post looks at the Donald J Trump foundation.  The purpose is not to criticize Mr. Trump but rather articulate key dynamics for these journalists.

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berniesanders

Today Bernie Sanders finally released a tax return, only one year, 2014.   The obvious questions is, why has it been so difficult for Senator Sanders to reveal his tax returns while his opponent Hillary Clinton has released several years of complete returns, opening her up to severe criticism over her income sources.  After only releasing two pages of his federal return with no schedule of itemized deductions, he then released 7 pages for the 2014 return.

For a former CPA and now investment advisor like myself who does these reviews for numerous major news organizations, two names come to mind when reviewing Sanders return.  The first is Rick Santorum, former Republican candidate, who like Sanders “self prepared” his returns in 2012.   This is simply remarkable, that a Presidential candidate would not pay a few hundred dollars to have a CPA complete his return and likely the chances of avoiding an error.  It also raises the question of Sanders capacity to manage/delegate in general.

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The following Friend of the Court Brief  was sent to Magistrate Judge Nathanael Cousins, United States District Court, Northern District of California regarding the Intel 401K Class Action.

 

January 15, 2016

 

TO: Judge Nathanael Cousins

San Jose Courthouse, Courtroom 7 – 4th Floor

280 South 1st Street

San Jose, CA 95113

 

FROM: Bill Parish, Parish & Company

10260 SW Greenburg Rd., Suite 400

Portland, Oregon 97223

 

SUBJECT: Friend of the Court Brief – Intel 401K Class Action, Why a Nuisance Case Resulting from a Plagiarized Analysis whose conclusions were misrepresented.

 

Dear Judge Cousins,

This is the third time in 20 years as a registered investment advisor I have submitted a friend of the court brief. The first was regarding the Microsoft Anti-trust case, which I supported and the second was regarding the Hewlett Packard/Compaq merger, which I opposed. This brief will explain how my work on Intel’s 401K was plagiarized and misused by plaintiff shopping attorneys. See page 28, point 113 of complaint, for reference to my blog post made in January 2014.

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