NAPERVILLE, Ill., Oct. 13, 2020 /PRNewswire/ — Calamos Investments®* is celebrating the 30-year anniversary of the Calamos Market Neutral Income Fund (CMNIX), one of the first ever alternative mutual funds when it launched in the fall of 1990, and now one of the largest funds in the liquid alternatives category.

The fund, with AUM over $10 billion (as of 9/30/20) and rated five stars by Morningstar1, was conceived by Calamos Investments Founder and Chairman John P. Calamos, Sr., one of the world’s foremost experts on convertible securities and volatility-based investing. It combines two complementary strategies: convertible arbitrage aimed at delivering alpha and uncorrelated returns and options writing for income and upside participation. 

“The fundamental driver behind MNI was that individual investors—like the institutional players that were beginning to diversify into hedge funds and other low beta strategies at the time—also deserved access to an investment

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The word processor is one of the most fundamental pieces of productivity software. It’s where we put ideas down on paper, at least virtually. It’s where we capture thoughts and organize them into memos, letters, papers, or books. The same is true for the spreadsheet, which allows us to organize, analyze and make sense of data. 

Microsoft’s Office suite of productivity tools has been the default choice for millions of businesses, schools, and organizations for decades. More than 258 million, at that. Add to that another 40 million individuals who subscribe, according to the company’s most recent quarterly earnings report.

Then, Google came along with G Suite, offering Docs, Slides, and Sheets as an alternative to Word, PowerPoint, and Excel. There are, of course, a handful of other tools in each, but the point is that Google now offers an answer to just about every Microsoft Office product. 

It’s actually

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America’s persistent racial income and wealth gaps are the result of four intertwined factors: housing, education, business ownership and access to credit. Closing these gaps would facilitate inter-generational wealth creation for Black America and also expand the nation’s economy by $5 trillion over the next five years. These findings come from an extensive report newly-released by a major bank.

According to Closing the Racial Inequality Gaps: the Economic Costs of Black Inequality in the U.S., published by Citi Global Perspective and Solutions, centuries of bias and institutionalized segregation have generated grave societal and economic losses that reverberate throughout America. Had these gaps been addressed 20 years ago, the report finds that the nation could have:

Generated an additional $13 trillion in business revenue;

Created 6.1 million jobs each year if Black entrepreneurs had access to fair and equitable lending;

Enabled Black America to earn $2.7 trillion more in income; and

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Study finds 90 percent of Americans would make 67 percent more without last four decades of increasing income inequality

Gabriel Black

25 September 2020

A new study from the RAND Corporation, “Trends in Income From 1975 to 2018,” written by Carter Price and Kathryn Edwards, provides new documentation of the profound restructuring of class relations in America over the last 40 years.

The study, which looks at changes in pre-tax family income from 1947 to 2018, divided into quintiles of the American population, concludes that the bottom 90 percent of the population would, on average, make 67 percent more in income—every year (!)—had shifts in income inequality not occurred the last four decades.

In other words, any family that made less than $184,292 (the 90th percentile income bracket) in 2018 would be, on average, making 67 percent more. This amounts to a total sum of $2.5 trillion of collective

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Monica Cardenas Leal was living the Mexican dream.

a man and a woman looking at the camera: Monica Cardenas was laid off in June from the factory where she assembled parts for helicopters and airplanes, one of millions of Mexicans who have lost work because of COVID-19. (Gary Coronado / Los Angeles Times)

© Provided by The LA Times
Monica Cardenas was laid off in June from the factory where she assembled parts for helicopters and airplanes, one of millions of Mexicans who have lost work because of COVID-19. (Gary Coronado / Los Angeles Times)

As her once-sleepy hometown of Querétaro transformed into an international hub of the aerospace industry, Cardenas grew with it. The daughter of a carpenter who worked multiple jobs to put food on the table, she graduated from a state aeronautics university and went to work for a Spanish firm assembling parts for Cessna jets and Sikorsky helicopters.

Her $500-a-month salary lifted her family into Mexico’s middle class.

She and her truck-driver husband took beach vacations and bought a house in the suburbs. Their children, outfitted in name-brand sneakers and braces, aspired to careers in architecture and psychology.

The coronavirus threatens

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rising optimism for a COVID-19 vaccine that may backstop economic growth.” data-reactid=”16″Wall Street closed out a monster August on Monday, with major benchmarks notching their best month in at least 20 years, bolstered by ultra-accomodative Federal Reserve policy, moderating coronavirus infections and rising optimism for a COVID-19 vaccine that may backstop economic growth.

Despite giving back some gains on Monday, a formidable string of consecutive winning sessions carried the Dow over 7% higher during August, its best monthly showing since 1986. The S&P 500 Index also saw its best month since 1986, while a brisk rally in tech stocks propelled the Nasdaq to its best monthly performance since 2000, representing a nearly 10% gain.

vicious sell-off sparked by the COVID-19 outbreak obliterated all of the Trump era gains.” data-reactid=”22″All told, stocks are now deeply entrenched in a new bull market, less than 6 months after a vicious sell-off

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A brief history of efforts to establish a community board for oversight of police actions in the Port City.

Protests in Wilmington have died down for the most part. But an enduring change that might still come from the nationwide uprising — a response to the death of George Floyd at the hands of a white police officer — is the establishment of a so-called “citizens’ review board” (CRB) of local police actions.

In July, Wilmington City Attorney John Joye, who has experience working with the citizens’ review board in Charlotte, where he was an assistant city attorney, said the city was in the early stages “of drafting a CRB structure for the review of city council, stakeholders and our community.”

Wilmington Mayor Bill Saffo and Police Chief Donny Williams, among others, have expressed support for having a review board. As a review of minutes from old Wilmington City Council

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