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Under The Radar News - Thursday

I thought that it is interesting that New York State has passed their budget that included forcing out of state online retailers to collect tax at the time of purchase (where they obviously did not in the past). They seem to call this the "Amazon tax", but will affect all retailers. It seems that the American Booksellers Association and other retail councils want to entend this to every state to "even the playing field". This is the beginning of an interesting trend.

High Beta Stocks: Plenty of Risk, Little Reward

Not only does Amazon have a high beta, but is now starting to have headwinds such as states such as New York forcing Amazon to collect taxes, a move that will obviously be copied by all cash-strapped states. Amazon is also losing market share in music and will continue with a tax advantage disappearing. The risk is incrementally greater today!