Let's start with a little history, shall we? On this day in 1994, George Foreman, age 45, becomes boxing’s oldest heavyweight champion when he defeats 26-year-old Michael Moorer in the 10th round of their WBA fight in Las Vegas. More than 12,000 spectators at the MGM Grand Hotel watched Foreman dethrone Moorer, who went into the fight with a 35-0 record. Foreman dedicated his upset win to “all my buddies in the nursing home and all the guys in jail.”Also-On this day in 1556, fifty miles north of Delhi, a Mughal army defeats the forces of Hemu, a Hindu general who was trying to usurp the Mughal throne from 14-year-old Akbar, the recently proclaimed emperor. The Mughals, whose culture blended Perso-Islamic and regional Indian elements, established an empire in the north of India in the early 16th century. Victory at Panipat assured Akbar’s ascension, but the empire he inherited from his father was greatly diminished after decades of Mughal defeats against the Hindus and Afghans. Under a series of able regents and then under his own brilliant leadership, Akbar brought the Mughal empire to unprecedented glory, extending Mughal power over most of the Indian subcontinent. Akbar the Great, as he is known, was as capable an administrator as he was a general, and he twice married Hindu princesses to ensure the unity of his empire. Although he never renounced Islam, he took an active interest in other religions and his court was a center of learning and culture. Akbar died in 1605. The Mughal Empire declined in the 18th century.And-On November 5, 1895, Rochester attorney George Selden wins U.S. Patent No. 549,160 for an “improved road engine” powered by a “liquid-hydrocarbon engine of the compression type.” With that, as far as the government was concerned, George Selden had invented the car–though he had never built a single one. Soon, some automakers realized that the Selden patent didn’t have to be a threat to their business. On the contrary, it could be quite profitable and limit competition in a highly competitive industry. About 30 car companies, including Winton, got together with Selden and the EVC to form the Association of Licensed Automobile Manufacturers (ALAM). The ALAM sued anyone who built a gas-powered car without Selden’s permission–in other words, anyone who had not paid to join the Selden cartel. It also drummed up business for its own members by threatening to sue anyone who bought a car from an unlicensed company. (Its ads warned: “Don’t buy a lawsuit with your new automobile!”) On October 22, 1903, the ALAM sued Ford for patent infringement, but the case took until 1909, seven months after the Model T was introduced, to go to trial. Most Americans, delighted to have the opportunity to buy an affordable car, were on Ford’s side, but the judge was not: The court ruled that any gas-powered vehicle unlicensed by the ALAM violated the Selden patent and was illegal. But on January 11, 1911, the appeals court ruled in Ford’s favor: the Selden patent, it said, only applied to replicas of the exact engine that Selden had seen in 1872. Tesla in news for something that they haven't done yet. Amazing that with all of the predictions Elon Musk has been wrong about, this one of building cars in China is newsworthy. It keeps Tesla in the news, however, and this seems to be the point. Still waiting for updates on the big factory in Buffalo and the solar roof tiles that were going to change the industry, but what do I know? $SHLD Sears news. $GE news. Where is the Toys 'R' Us news? Where is the RadioShack news? This is the day The Lord has made. Let us rejoice and be glad in it. $DIS Disney's latest release The Nutcracker struggled a bit at the open but it appears that the weekend was a win anyways. The acquisition of 21st Century Fox does mean that Disney will get to collect on these movie box office takes too. I guess I missed that in other articles. Thanks for clearing this up. Seems that analysts are going to have to some work to figure out what Apple is up to. Not sure if it is Apple or the analysts who give estimates, but it appears Apple is done playing that game. Long $AAPL and have no problem with what Apple is doing. Christmas is coming and so are sales of Apple products. Where is Jon Corzine and will MF Global be moving an office to China in 2020? Where is Marissa Mayer and will she ever have the chance to run a company again? Have a great day everyone. Stay safe, sage, and sane out there. Excelsior! Make your day a great one!via @deercreekvols