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Cleveland's Sin Tax Showdown ⚖️
Ryan Serkes
May 23, 2025
The
Daily Trade
Hey Daily Traders,
The Cleveland Cavaliers are voicing concerns over the allocation of county sin tax funds for a new Browns stadium, a move they fear could threaten the financial support for Rocket Arena and Progressive Field. This situation highlights the ongoing tension between downtown and suburban stadium interests, with CEO Nic Barlage calling the proposal to merge sin tax efforts "doomed to fail" due to potential loss of local control and political complexity.
In the tech world, Senator Joni Ernst has released a report spotlighting vulnerabilities in American technology programs like SBIR and STTR, which lack consistent due diligence standards, exposing intellectual property to potential Chinese exploitation. Ernst's advocacy for the INNOVATE Act aims to tighten oversight and protect national security, as her report reveals significant funding to companies with Chinese ties, underscoring the urgency for reform.
Here's what's happening today:
- 🏟️ Cavs concerned over sin tax for stadiums
- 🇨🇳 Ernst warns of tech vulnerability to China
- 🏠 Tiny homes offer new affordable housing solutions
- 🎁 +10 more business & investing news stories you might like
- 📊 +4 technical analysis results
Question
Do you think merging sin tax efforts for stadium funding will benefit or harm local sports facilities in Cleveland? We'd love to hear your thoughts on this complex issue!
Reply to this email with your answer
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Real Estate  The Cleveland Cavaliers are raising concerns over the use of county sin tax money for a new stadium for the Browns in Brook Park, fearing it may jeopardize funding for Rocket Arena and Progressive Field. This tension highlights the friction between downtown and suburban stadium interests. CEO Nic Barlage of Rock Entertainment Group described the proposal to merge sin tax efforts as "doomed to fail," citing potential loss of local control and political complexity. The debate underscores the financial challenges of maintaining sports facilities as local officials consider raising the sin tax to cover escalating costs. Key Takeaway
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Stock Market  Senator Joni Ernst released a report highlighting vulnerabilities in American tech, particularly in programs like SBIR and STTR, which lack consistent due diligence standards. These loopholes have exposed billions of dollars in intellectual property to potential Chinese exploitation. Ernst is advocating for the INNOVATE Act to define "foreign risk" and improve vetting processes. The report reveals that six companies with Chinese ties received significant funding, emphasizing the need for stringent oversight to protect national security and American innovation. Key Takeaway
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Real Estate Elevate Community in Branson, Missouri, is pioneering a new model for affordable housing with its tiny home development. Aimed at individuals facing poverty, the project includes 70 homes, support services, and community facilities, providing a sustainable living solution. This initiative by Elevate Branson, a non-profit organization, seeks to address economic challenges faced by local residents. With a focus on holistic support, the community could serve as a blueprint for similar projects nationwide, offering a tangible solution to housing shortages and poverty. Key Takeaway
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More Business & Investing news
- 🧪 Bicara releases interim data on cancer treatment (Link)
- 🔓 Harbin Clinic faces data breach investigation (Link)
- 💼 Goodyear sells chemical business to Gemspring Capital (Link)
- 🌲 Weyerhaeuser expands timberland in NC and VA (Link)
- 🗳️ Epsilon announces AGM results and director elections (Link)
- 🌪️ St. Louis's Black neighborhoods hit hard by tornado (Link)
- 🚗 Memorial Day travel rush begins early (Link)
- 🪙 US Mint to stop penny production (Link)
- ❄️ Snowflake's strong growth lifts stock price (Link)
- 🚀 Rocket Lab's 65th launch set for BlackSky mission (Link)
Today's Technical Analysis
RSI Sell | MFI Hold | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Hold | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Hold | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Hold | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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