Adam Shapiro on Muck Rack

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New York City
Reporter — Fox Business
As seen in:  Fox Business

TV News Correspondent

Labor Day Gas Prices Cheapest Since 2010 — The Labor Day holiday weekend travel stampede started Thursday with millions of Americans hitting the road. AAA says just under 35 million of us will journey 50 miles or more from home, which is the largest number of travelers over the Labor Day weekend since 2008.

New Index Ranks Best Made-in-America Cars — Do you drive one of the best American-made vehicles? And stocks open the week in negative territory. This is the mid-day market report. A professor from American University in Washington, D.C., has devised a new index for the best vehicles actually made in America. Among small cars, the Chevrolet Sonic takes the top spot.

Fireworks Missing at the Box Office — The box office plummets over the holiday weekend, and one restaurant chain is offering all-you-can-eat appetizers. Early this morning, stock futures were a bit negative across the board. The Dow Jones Industrial Average closed above 17000 for the first time ever Thursday.

Apple Cuts iPod Touch Prices, GM Preps for New Recall — Apple ( AAPL) is cutting prices on its iPod Touch music players and General Motors ( GM) prepares for yet another round of recalls. We told you about Japanese car makers recalling millions of vehicles because of an issue with airbags and that same issue seems to be a problem for some vehicles sold by GM.

Mid-Market Report: Taubman Buying Starwood Malls — Taubman Centers has agreed to sell seven malls to Starwood Capital group for $1.4 billion in cash and debt. Taubman says once the deals close it expects mall tenant sales to increase by more than $100 per square foot. Taubman Centers currently operates 27 retail properties in 15 states and in South Korea.

Moody’s Rates Pot High in Colorado — People who want to make marijuana legal just got a kind of upgrade from Moody's Investors Service. The latest investors report, Colorado's Legalized Marijuana Tax Revenues Exceed Expectations, breaks down the numbers. Colorado raised the estimate for tax revenue it expects to collect this year 40%, from $70 million to $98 million.

Moody’s Issues Junk Rating for Coming Puerto Rico Bond Sale — Moody's Investors Service late Friday assigned a junk rating for the expected multi-billion dollar Puerto Rico bond deal. Moody's expects the sale to take place March 11 when the financially-troubled U.S. commonwealth attempts to sell up to $3.5 Billion in so-called GO Bonds.

Back to the (Bankruptcy) Drawing Board for California Towns? — We now have the latest report from Moody's Investors Service about Vallejo, Stockton and San Bernardino, California. The title -- " Without Pension Relief, Bankrupt California Cities Risk Return to Insolvency " -- tells the tale. Specifically, Moody's warns that Vallejo, with its persistent structural budget imbalance, "risks a second bankruptcy filing if it continues on its current path."

Details on Puerto Rico's Key Debt Offering Expected Next Week — Investors expect that Puerto Rico will release details of its upcoming $2.8 billion debt offering sometime next week. A leading municipal bond trader tells FOX Business that potential buyers of the debt are demanding protection. Puerto Rico could offer them liens against public assets or privileged status as an incentive, but that would subordinate holders of previously issued Puerto Rico debt.

The Democrat Fighting Labor Unions to Save Taxpayers Money — Mayor Chuck Reed's 18th floor office high above San Jose California offers a down to earth view of the public pension crisis. "We have less police officers in the city of San Jose than we had ten years ago even though we increased the budget in the police department by nearly 100 million dollars."
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Nov 18, 2014

RT @RussKamp: .@KampConsulting @SaveDBPlans I am looking forward to speaking at IMI's Consultants Congress on Thursday in NYC. Discussing inflation issues

Nov 13, 2014

RT @RussKamp: @frankmorano @Ajshaps @SaveDBPlans Thanks, Frank. The economic and social consequences from a failed retirement system will be grave.

Nov 13, 2014

RT @frankmorano: Fascinating discussion w/ @ajshaps & @russkamp on #pensions. Can Kamp’s ‘Double DB’ save traditional pensions? | http://t.…

Nov 12, 2014

anyone surprised the banks knew about FOREX manipulation and betraying clients!…

Nov 11, 2014

RT @FoxNews: MUST-SEE: Tune in tonight at 10p ET for part 1 of 'The Man Who Killed Usama bin Laden.'…

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