Archive for February 14th, 2017

Recent raids by U.S. immigration authorities targeting undocumented immigrants are creating a wave of distress through America’s agricultural sector, an industry that’s heavily dependent on foreign workers.

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You get the kids ready for school, I’ll get them ready for bed. 

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<p>General Motors Co (GM.N) Chief Executive Mary Barra’s decision to put the company’s European operations on the block marks a turning point for the automaker that once prided itself on being the No. 1 vehicle maker in the world.</p>

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The price of admission to the elite club of Berkshire Hathaway “A” shareholders has hit a quarter of a million dollars for the first time, taking the value of Warren Buffett’s famed investment vehicle to a new record.

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President Trump hinted at the end of last week that the Administration’s tax proposals would be aired in the next two or three weeks. This seems to be a signal of its inclusion in his address to both houses of Congress on February 28. This is not quite a State of the Union speech, but similar and precisely what Obama did in February 2009.
Taxes are complicated. Much of the discussion so far has been on the border adjustment, which is a tax on imports and a tax break for exports. If adopted it has far reaching implications, including but not limited to the potential challenge at the World…

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Given the Democratic Party’s success in capturing the Presidency in 2008 and 2012, the results of the 2016 election left many election forecasters in disbelief. Had the razor-thin margins of victory in Wisconsin (.8 percent), Michigan (.3 percent) and Pennsylvania (1.2 percent) gone the other way, the Democratic Party would have maintained control of the White House. Given these numbers, understanding the 2016 election will involve splitting hairs. Here we analyze two: Rust Belt voters and black voters. In 2016, many current and former union-affiliated Rust Belt voters, amid declining…

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If the Republican Party has an economic policy “brand,” it’s historically been one defined by tax cuts. At least in modern times. Thanks to Ronald Reagan, Jack Kemp, and modern thinkers like Steve Forbes and Larry Kudlow, the Republican Party is known for its focus on reducing penalties placed on work and investment. And while there’s been much to criticize the GOP about (including egregious economic errors) in the 21st century, its tax-cutting reputation has worked out pretty well politically as evidenced by Republican legislative majorities on both the federal and state…

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U.S. President Donald Trump will meet on Wednesday with the chief executives of eight large retailers, including Target Corp, Best Buy Co Inc and J.C. Penney Company Inc, to discuss tax reform and infrastructure improvements, according to people with knowledge of the meeting.

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Verizon has joined the rest of its rivals offering consumers unlimited data plans. And Wall Street smells a price war.

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Federal Reserve Chair Janet Yellen said more interest rate increases will be appropriate if the U.S. economy meets the central bank’s outlook of gradually rising inflation and tightening labor markets.

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Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to back off international negotiations in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign counterparts and does so to benefit the United States.

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With the Trump administration’s plans for $1 trillion infrastructure program using U.S.-made materials, some steel companies are concerned about how the policy is being interpreted.

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Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to back off international negotiations in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign counterparts and does so to benefit the United States.

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With the Trump administration’s plans for $1 trillion infrastructure program using U.S.-made materials, some steel companies are concerned about how the policy is being interpreted.

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Ten years ago, the financier Stephen A. Schwarzman was vilified for his lavish 60th bash; this year, in the Trump era, things seem to have changed.

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