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Jeremy Grantham says soaring valuations around AI makes the U.S. stock market historically expensive.
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‘Toy Story 5' Looks To Cross $300M, ‘Supergirl' Flying Low With $40M Opening - U.S. Box Office Update Deadline‘Supergirl' Review: This Glass Ceiling Is Made of Kryptonite The New York TimesMovie Review: 'Supergirl' KCCI‘Supergirl' Crashes and Burns The Atlantic‘Supergirl' Suggests This DC Universe Reboot Can Go Deep Rolling Stone
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Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating'
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Let's say you purchase a used car from a dealership and later want to bring it back for a refund. Do you have the legal right to get your money back regardless of the reason? Does the "Three-Day Cooling Off Period" apply?
That's what "Mack" thought.
‘I Looked Under the Seats and Found Drug Paraphernalia!'
"I bought a used SUV two days ago and want to take it back to the dealer for a refund, but when I told them why they laughed at me and refused," Mack told me in a call recently.
When I asked if there was anything mechanically wrong with the vehicle, he replied, "No, it drives fine, but it is what I found under the front seats that scares me: dangerous drug paraphernalia." His tone of voice grew increasingly strident the longer we spoke.
And what was he looking for under the front seats?
SEE MORE PODCAST: Car-Buying in an Inflated Market with Jenni Newman
"For money or jewelry sometimes that winds up there, but instead I found vaping equipment! That's illegal! I don't know what other illegal items are in the car, and I want my money back! Also, don't I have three days to cancel the contract?"
I explained to Mack that while there is such a thing as a Three-Day Cooling-Off Rule, in most all cases - including this one - it doesn't apply to car purchases. And besides, in his state, mere possession of vaping hardware is not illegal. Unless he had the right to bring the car back for a refund - spelled out in the sales contract - the dealership could decline his request.
Car Buyers Shouldn't Believe the 3-Day Myth
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ON A sunny Saturday afternoon, within kicking distance of Uruguay's national football stadium, 14 seven-year-olds walk onto a bumpy pitch. They are cheered by their parents, who are also the coaches, kit-washers and caterers. The match is one of hundreds played every weekend as part of Baby Football, a national scheme for children aged four to 13. Among the graduates are Luis Suárez and Edinson Cavani, two of the world's best strikers.
Messrs Suárez and Cavani are Uruguay's spearheads at the World Cup, which kicks off in Russia on June 14th. Bookmakers reckon La Celeste are ninth-favourites to win, for what would be the third time. Only Brazil, Germany and Italy have won more, even though Uruguay's population of 3.4m is less than Berlin's. Though it is no longer the giant that it was in the early 20th century, Uruguay still punches well above its weight. Messrs Suárez and Cavani reached the semi-finals in 2010 and secured a record 15th South American championship...Continue reading
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