Archive for February 16th, 2017

I find myself in the very uncomfortable position of agreeing with the Federal Reserve. Its policymaking body has already voted twice to raise the target range for federal funds, and if recent speeches and mannerisms are to be believed they will do it again at some point. In fact, I would go so far as to propose that unless the economy falls directly into full-blown recession, that will remain the case. From the official agency perspective, there is nothing left for the central bank to do. It is on that point where we are in agreement.
Monetary policy is intended for specific purposes,…

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A new viral video shows a group women storming into a Nordstrom to cancel their accounts in response to the retailer's decision to stop selling Ivanka Trump's fashion brand, promising to shop at Dillard's instead. 

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Mark Zuckerberg's long-term vision for Facebook, laid out in a sweeping manifesto , sometimes sounds more like a utopian social guide than a business plan.

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The Trans-Pacific Partnership is dead, but could it have an afterlife?
Maybe.
Among President Trump’s first acts was an order withdrawing from the TPP. This fulfilled Trump’s campaign promise to torpedo the high-profile agreement between the United States and 11 other Pacific Rim countries, led by Japan and Mexico. As important, it symbolized Trump’s conviction that ineptly negotiated trade agreements are at the core of America’s economy’s problems.
Given this background, it seems astounding that anyone would suggest that the TPP may rise from the dead, with a new name and slightly altered…

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The Dodd-Frank Act, a 2010 law intended to reform our financial system, didnt reform Wall Street. It failed to put the interests of consumers and taxpayers first. It traded economic potential for a false sense of security. And rather than reforming our system by preventing future Wall Street bailouts, it codified them.
The president recently issued an Executive Order to review Dodd-Frank, as well as financial regulations and other measures. This is a good first step. Since needed attention is being given to financial reform, here are five actions that could be taken:


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When it comes to wireless, the one-upmanship never seems to stop. Today's player: Sprint.

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"The health insurance companies are out of control."

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The coming great wealth transfer of $30 trillion in assets from baby boomers to their heirs is creating challenges for clients and advisors alike.

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<p>U.S. equities traded flat to higher Thursday, taking a breather after posting records closes for five straight days.</p>

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Frank Byrd was a 25-year-old stockbroker at Merrill Lynch in Memphis when he first read Warren Buffett’s annual letter to Berkshire Hathaway shareholders.&nbsp;

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Days before taking office, President-elect Donald Trump made two surprise calls to the Air Force general managing the Pentagon’s largest weapons program, the Lockheed Martin Corp. F-35 jet.

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Lidl is set to open 20 stores this summer in Virginia, North Carolina and South Carolina.

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This week, Warren Buffett's Berkshire Hathaway disclosed a significant commitment to the US airline industry

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Low-income taxpayers should not assume that they do not need to file.

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