Archive for February 6th, 2017

No matter who is in the White House, there are always members of the electorate who feel the existing occupant is trying to wreck the U.S. economy. This was true for Barack Obamas presidency, and it will similarly be true for Donald Trumps.
About Obamas policies, no doubt many were inimical to prosperity. Economies are merely collections of individuals, and individuals are weakened when more of their work is regulated and taxed away. Whatever ones opinion of the 44th president, his years in office werent defined by stupendous economic growth.
Still, presidents…

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U.S. public pension funds are cutting their expectations for investment returns over the next 30 years or more, but some do not expect to meet even the new targets over the coming decade.

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The executive order has had repercussions for the professionals who oversee and coordinate everything from small board meetings to huge conventions.

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Billionaire investor Carl Icahn says he will try to sell the former Trump Taj Mahal casino in Atlantic City, blaming a failed bill by the leader of New Jersey's state senate as the last straw.

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Break-even production costs in North American oil fields have dropped to an average of around $52 a barrels.

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The top two U.S. automakers have implemented big production cuts in the past six months or so, but inventory may still be too high.

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The House Republican tax plan proposes to transform the corporate income tax into a destination-based cash flow tax (DBCFT), which would include border adjustments that exempt exports but include imports in tax bills. The effects of the border adjustment on the economy depend on how exchange rates respond. However, the potential response is a source of significant confusion and uncertainty. Heres what we do and dont know.
First, some background: The DBCFT is a modified version of a value added tax (VAT); it allows deduction for wages, while VATs do not. The VAT is a…

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Hospital executives are descending on Washington with a message: They are concerned about losing insured patients and revenue under any plan to dismantle or significantly alter the Affordable Care Act.

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As Washington mulls a tax on imports, an auto industry study suggests the policy would deliver the sharpest blow to Tata Motors Ltd.’s Jaguar Land Rover while giving a leg up to Tesla Inc. and Ford Motor Co.

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Litigation could stymie efforts by the Securities and Exchange Commission to comply with sweeping executive orders intended to roll back financial regulations.

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A fixation on standard (and lately sluggish) measures of growth may obscure more profound advances in the nation’s innovation and well-being.

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The White House dropped a provision that would have delayed a rule requiring your financial advisor to provide you with advice that's in your best interest.

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The White House dropped a provision that would have delayed a rule requiring your financial advisor to provide you with advice that's in your best interest.

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Almost a decade after it all began, the Federal Reserve is finally talking about unwinding its grand experiment in monetary policy.

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April 15 is a date burned into our brains: the drop-dead deadline to file our taxes or at least pay what we figure we owe for last year even if we get an extension to finish the paperwork later. But in 2017, the official tax day is actually three days later, April 18. 

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