The election night selloff turned out to be a huge buying opportunity. Companies had been sitting on cash -- not investing or hiring. ObamaCare compliance was a nightmare for many business owners. It made them wonder what other big idea from Washington would haunt them in the future. Mrs. Clinton was likely to increase business costs further, while Mr. Trump had vowed to reduce them. Even in the middle of the election-night market panic, the implications for corporate revenue and earnings growth seemed obvious. read more
In Alabama, an estimated 118,000 registered voters do not have a photo ID they can use to vote. Black and Latino voters are nearly twice as likely as white voters to lack such documentation. In other words, Alabama's law is nothing but a naked attempt to suppress the voting rights of people of color.
Barack Obama's election marked a significant turning point in American history, and it was rightly celebrated as a sign of racial progress. But Obama's presidency came at a time of economic hardship, due to predatory financial practices that led to the 2007 recession. That, combined with the Obama administration's flawed housing policies, led to a major decline in African-American wealth during the Obama years, according to a new report from the People's Policy Project, a new Washington, D.C.-based think tank. read more
Minnesota Sen. Al Franken says he'll resign in the coming weeks. He's repeatedly apologized as several women accused him of sexually inappropriate behavior, and as his support from fellow Democrats evaporated. The Minnesota lawmaker took to the Senate floor to say, "I may be resigning my seat, but I am not giving up my voice." He says he'll addressing issues as an activist. ... Franken says he can't go through a Senate Ethics Committee investigation and effectively represent his state at the same time. read more
San Juan County Sheriff Ken Christesen told reporters that three people believed to be students died Thursday at Aztec High School. He said the shooter also was dead but didn't say if the suspect was among the three. The school is located in the Four Corners region and is near the Navajo Nation, about 180 miles north of Albuquerque.