Archive for February 23rd, 2017

There has rarely been a new presidential administration in the history of the United States that has tried to get so much done in its first ten days as the current one. Most elected presidents talk about the first 100 days, but Donald Trump seemed to be in an executive order sprint during his first 100 hours. When you are trying to get your cabinet approved, organize your White House staff and issue several important executive orders all at the same time, a few missteps are likely. He didn’t seem to reflect on the full implications of what he was doing or check with the appropriate…

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In 1972, Ferdinand Marcos, President of the Philippines, declared martial law. Out of economic necessity, he claimed, the government began to impose an economic modernization program which he believed would pull his nation out of what was then called third world status. To achieve this goal, along with political repression Marcos’ government would, as is usual in these cases, borrow heavily. According to estimates published by the NBER, the investment share of GNP which had been 21.6% in 1972 climbed to 31% by 1979. The part of overall “investment” contributed by the government…

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Blame Canada. That’s what U.S. farmers say about some of the bubbling gluts weighing on the milk market, and they are eager for President Donald Trump to do something about it.

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The U.S. exported a record amount of oil, topping a million barrels a day for a second week, biting into OPEC market share.

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(Bloomberg) — The AFL-CIO is dismissing dozens of staff members as part of a restructuring amid continuing declines in union membership and fresh political threats to labor rights.

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Looking to protect its flagship Gillette brand from losing more market share to startups, Procter & Gamble will cut the prices on some of its razor blades. P

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ReutersSears laid off 130 employees at its corporate offices on Thursday as the company struggles to stay afloat following a dismal holiday quarter.

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ReutersSears laid off 130 employees at its corporate offices on Thursday as the company struggles to stay afloat following a dismal holiday quarter. Sears CEO Eddie Lampert announced the layoffs in an email sent to corporate employees…

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As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords.

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Berkshire Hathaway's legendary boss used to avoid tech stocks, so his big Apple stake says a lot

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Berkshire Hathaway's legendary boss used to avoid tech stocks, so his big Apple stake says a lot

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Steven Mnuchin did not repeat his promise that there will be "no absolute tax cut for the upper class."

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Tax brackets determine how much income tax you pay on your highest tier of income. Here's how you can reduce your tax bill by sheltering some of your income from taxation.

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<p>U.S. equities traded mostly higher Thursday on the back of remarks made by newly minted Treasury Secretary Steve Mnuchin.</p>

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<p>U.S. equities kicked off Thursday trading slightly higher on the back of remarks made by newly minted Treasury Secretary Steve Mnuchin.</p>

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