Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those…
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Some Potentially VERY Good Economic News

Here's some potentially VERY good economic news that was lost amid the weekend news flurry.  Those with "skin in the game," and who likely possess the best perspective, are betting heavily on an upturn, as highlighted by Friday's Wall Street Journal:

Corporate insiders are buying stock in their own companies at a pact not seen in years, a sign they are betting on a rebound after a coronavirus-induced rout.  More than 2,800 executives and directors have purchased nearly $1.19 billion in company stock since the beginning of March.  That's the third-highest level on both an individual and dollar basis since 1988, according to the Washington Service, which provides data analytics about trading activity by insiders."

Here's why that's important:

Because insiders typically know the…[more]

March 30, 2020 • 11:02 am

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Home Press Room CFIF Applauds Senator Mike Lee's Introduction of the SMARTER Act of 2018
CFIF Applauds Senator Mike Lee's Introduction of the SMARTER Act of 2018 Print
Tuesday, May 15 2018

ALEXANDRIA, VA – Today, Senator Mike Lee (R - Utah) introduced the Standard Merger and Acquisition Reviews Through Equal Rules (SMARTER) Act in the United States Senate.  Among other advancements, the SMARTER Act will address concerns that parties to a proposed merger or acquisition endure different injunction standards in court challenges, as well as different processes, depending upon which federal antitrust agency happens to be reviewing the transaction. 

In response, Center for Individual Freedom ("CFIF") Senior Vice President of Legal and Public Affairs Timothy Lee issued the following statement: 

"The Center for Individual Freedom applauds Senator Mike Lee on the introduction of the SMARTER Act of 2018.  Among other improvements, this bill includes key reforms to the flawed Federal Communications Commission's (FCC's) merger review process, including:  1) establishing a reasonable time limit for agency review to ensure fairer, more transparent and timely decisions, and 2) ending the ability to effectively kill transactions by designating them for hearing before Administrative Law Judges, instead requiring such cases to be litigated in federal court just as the Justice Department must when contesting proposed transactions. 

"CFIF urges quick Senate passage of the commonsense legislation."   

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