Archive for February 9th, 2017

Betsy DeVos was confirmed as the secretary of the Department of Education by the narrowest vote possible – with Vice President Mike Pence breaking the 50-50 tie in the U.S. Senate. Now what?DeVos has fought the good fight for years to improve the quality of children’s education via the expansion of school choice. Of course, that earned the wrath of teachers’ unions, the public school machine, and their political minions (i.e., mainly, the Democratic Party). As was clear from the attacks on DeVos, the machine demands that any education secretary protect public schools, teachers and…

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Today, the world of banking is made up of behemoths, giant multi-national firms that do many different things for many different people. Regional and small banks exist, but they are no longer proportionally significant, nor do they account much for the marginal direction and intensity of the aggregate system. There was brief furor over this state of affairs in the aftermath of 2008, where Too Big To Fail (TBTF) became a rallying cry for more than just banking. It was symbolic of the corruption in capitalism often called crony capitalism, as if the latter term could still be an apt description…

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The government to date has paid just a fraction of the money insurers say they are owed under Obamacare's risk corridor program.

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The Appalachian region — which President Donald Trump carried handily — could lose more than 1,000 coal mining jobs in the next two years.

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Emirates, the world’s biggest long-haul airline, said a flight from Seattle to Dubai was delayed for more than six hours after it was unable to obtain a $300 spare part from Delta Air Lines Inc., which has led a campaign against the expansion of Mideast carriers in the U.S.

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Malware on cash registers at Arby's fast food restaurants may have resulted in the breach of more than 355,000 credit and debit cards.

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<p>FREEPORT, Maine — L.L. Bean is moving to cut costs by freezing pensions and offering voluntary early retirements, and company officials say they are taking a hard look at its generous shipping and return policies.</p>

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<p>Stocks rallied to record highs Thursday after President Donald Trump said he will give an announcement regarding taxes in the next few weeks.</p><p><br></p>

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L.L. Bean will freeze its pensions and offer an early retirement program next year as it seeks to control growing expenses.

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Company-to-company loans in China jumped 20% last year to $1.92 trillion—about twice the loan book of No. 1 U.S. lender Wells Fargo—often with only cursory checks on borrowers’ creditworthiness.

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<p>Stocks traded higher Thursday after President Donald Trump said he would give an announcement regarding taxes in the next few weeks.</p><p></p>

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<p>U.S. equities traded higher on Thursday as energy led advancers, but a vacuum of economic data and political uncertainty kept a lid on markets.</p>

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First came zucchini and eggplant shortages. Then Iceberg lettuce disappeared from European grocery shelves.

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U.S. stock index futures pointed to a flat open Thursday morning as traders eyed a big day of earnings, data and Federal Reserve speakers.

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In the European Union, more than half the new jobs since 2010 have been through temporary contracts, creating more workers seeking full-time employment.

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