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The Independent Investor: Brokerage Business Not What It Used to Be
By Bill Schmick,
04:15PM / Thursday, October 10, 2019
Last week, Charles Schwab, the mega-discount broker, disrupted the brokerage industry yet again by dropping its per-trade commission rates for U.S. and Canadian stocks, exchange traded funds (ETFs), and options for both mobile and internet trades. It was inevitable and simply recognizes what the future holds for that segment of the financial industry.   Since Schwab's announcement on October 1, three additional big brokers — TD Ameritrade, E-Trade and Fidelity Investments — have thrown in the towel leaving only Vanguard (among the big houses) left out of the zero-commission trend.   The stock market reacted in shock. Traders hit the sell button

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Pittsfield Man Struck, Killed by Tractor-Trailer
Staff Reports,
05:20PM / Tuesday, October 08, 2019
PITTSFIELD, Mass. — A local man was killed Monday evening after being struck by a tractor-trailer on Route 8.   Ernest Millette, 73, of Pittsfield was pronounced dead on the scene in the area of 550 Cheshire Road.   At about 7:12 p.m., a 2019 semi-truck operated by Matthew Osak, 34, of Lee, was northbound and turning left into Unistress. Upon making the turn, the vehicle struck Millette, who was walking in the driveway.   Pittsfield Police and Fire, state police, Berkshire County sheriff deputies, and County Ambulance responded to the scene.   The crash remains under investigation by Officer Michael Silver of the Pittsfield Police

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Adams Man Charged With Murder In Columbus Avenue Shooting
02:50PM / Monday, September 30, 2019
PITTSFIELD, Mass. — An Adams man has been charged in the murder of 32-year-old Stephanie Olivieri of Yonkers, N.Y.   Tyler Sumner, 25, was arraigned in Central Berkshire District Court on a single count of murder on Monday.   He is being held at the Berkshire County House of Correction without bail.   Sumner was arrested in Adams on Saturday by Pittsfield Police, with assistance from Adams Police and North Adams Police. The charge is in connection with the Aug. 25 shooting on Columbus Avenue in Pittsfield that killed Olivieri.   Olivieri, a native of Pittsfield, suffered a single gunshot wound while sitting in a silver sedan near

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Former Williams Student Convicted of Rape
06:01PM / Friday, September 06, 2019
PITTSFIELD, Mass. — Former Williams College student Yoonsang Bae has been found guilty of raping a classmate five years ago.   He was convicted on Friday in Berkshire Superior Court by Judge Michael Callan of a single count of rape relating to an on-campus incident in 2014.   The 27-year-old Bae will be sentenced on Friday, Sept. 13.   The victim, who was 19 at the time, testified that after attending an event with Bae, she returned to his room for a drink. She then got sick from the alcohol and Bae placed her in his bed where she passed out. When she awoke, Bae was raping her. He refused to stop despite her protests. The two were both

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Pittsfield Police Arrest Man on DUI, Firearms Charges
02:06PM / Tuesday, September 03, 2019
PITTSFIELD, Mass. — A man allegedly under the influence took officers on a high-speed chase after a Shot Spotter notification early Tuesday morning until crashing through the fence at St. Joseph's Church and hitting a tree.     Domingo Sobers, 28, is being charged with numerous motor vehicle offenses, including driving under the influene, as possessing a firearm without a license and discharging one within 500 feet of a building.   According to a report by Lt. John Soules, officers responded to the Shot Spotter activation at the intersection of Daniels Avenue and Union Street at about 3:29 a.m. Evidence of a shooting was later recovered in

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