Archive for February 22nd, 2017

Hong Kong traders are used to seeing strange things on the city’s small-cap exchange, home to some of the world’s biggest price swings.

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The legacy of the Rio Olympics is a farce. Those are the words of USA Todays Nancy Armour in a recent edition of the newspaper. Truer words have rarely been written.
As Armour went on to note, while the closing ceremony was six months ago, several of the venues are abandoned and falling apart. The Olympic Park is a ghost town, the lights have been turned off at the Maracana and the athletes village sits empty.
But wait a second. How could this be? If Princeton economist Paul Krugman is to be believed, along with numerous other modern disciples of John Maynard…

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Here are the industries and employers that will be hardest hit by a Trump administration crackdown on unauthorized workers much harder.

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There has been quite a bit of buzz surrounding the future of the Bureau of Consumer Financial Protection, or CFPB, as the priorities of the new administration begin to take shape. Some in Congress are calling for the CFPBs director to be fired, others want to reform the structure and funding of the agency, and still others want to eliminate the agency altogether. Underlying all of these calls for change is the growing realization of just how far off the rails this fledgling agency has gone.
The calls for reform have not fazed the CFPB, which has assured the public that nothing has changed….

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“Following the shadows of the skies,Or are they only figments of my eyes?And I’m feeling close to when the race is run.”
- Blind Faith, “Sea of Joy”
Following the breakup of Cream and The Spencer Davis Group, the rock and blues group Blind Faith was formed. An English band consisted of four music legends — Ginger Baker, Steve Winwood, Ric Grech and Eric Clapton — and although they produced only one album (of the same name), they made rock history.
The term “blind faith” incorporates the gestalt of today’s market. Even more outrageous is that the factors that are mentioned to…

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Does the U.S. need tax reform? It most certainly does. But there’s more. The U.S. also needs a big tax cut.Republicans love talking about the achievements of President Ronald Reagan, and rightfully so. But when it comes to taxes, it pays to be clear about what was achieved during Reagan’s time in the White House. First, there was a big tax cut, and then there was tax reform.The major tax cut passed in 1981 slashed personal income tax rates across the board by 23 percent (with the top rate declining from 70 percent to 50 percent), indexed tax rates for inflation, reduced the capital gains…

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China may be about to embark on its most ambitious — and perilous — campaign to convince investors that they shouldn’t depend on a bailout when markets go south.

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Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007.

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In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. 

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A decade after the world began to notice the losses on derivatives linked to the toxic waste of structured subprime mortgages, American stocks have produced such big returns that the biggest crash in generations barely registers.

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Coming in at around $86 billion, Bill Gates has ridden his Microsoft fortune straight to the top of the Forbes list of the world’s richest men. Then again, the business magazine doesn’t take into account the likes of Vladimir Putin.

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In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. 

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A man who hasn’t paid federal income taxes since 1970 shares his story.

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Many Americans cross their fingers at tax time, hoping for a huge refund from the federal government.

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