Archive for March 8th, 2017

258 applications have been lodged under Ivanka’s name, or variants of it, since the election.

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258 applications have been lodged under Ivanka’s name, or variants of it, since the election.

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Many companies that offshored manufacturing didn’t really do the math.

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You knew it all along: Economists can’t forecast the economy worth a hoot. And now we have a scholarly study that confirms it. Better yet, the corroboration comes from an impeccable source: the Federal Reserve.
The study compared predictions of important economic indicators unemployment, inflation, interest rates, gross domestic product with the actual outcomes. There were widespread errors. The study concluded that “considerable uncertainty surrounds all macroeconomic projections.”
Just how large were the mistakes? The report, though written mostly in technical jargon, gives a…

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The border-adjustment tax that has been proposed by Speaker of the House Paul Ryan should be dead on arrival if it is put forward by the Trump Administration. It is bad trade policy, and would totally undermine the fine fabric of international trade law.
Part of the problem with the proposed border adjustment tax (BAT) is that different versions have been proposed. In its simplest version revenues from exports would be excluded when determining profits for tax purposes, and imports would not be deductible as a business expense. The proposed BAT is designed to raise revenues by…

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“Other than money, our most valuable assets are patience and vigilance.”
–Unknown Source
In the main, it remains my strong view that financial asset prices have decoupled from fundamentals in 2017.
First-quarter GDP estimates predictably have moved lower relative to previous consensus forecasts.
Meanwhile, despite obvious legislative, executive branch organizational and other headwinds, second-half consensus profit and economic forecasts remain unrealistic. (The same may apply to 2018).
Three Peaks: In Housing, Autos and Retail
“About one-third of malls in the U.S. will shut their doors in…

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GDP now is likely to have increased just 1.2 percent in the first quarter, according to the Atlanta Fed's closely watched GDPNow model.

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<p>Stocks closed mostly lower Wednesday as investors dealt with plunging oil prices and assessed scorching employment data</p><p></p>

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PHILADELPHIA — American women stayed home from work, zipped up their wallets, wore red and joined rallies across the country to demonstrate their economic clout Wednesday as part of International Women's Day events around the globe.

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Online customer ratings for President Trump's properties are plummeting.

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It's easier to save for retirement when you earn a large income.

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Companies added the most workers in almost three years to U.S. payrolls in February on a surge in construction and manufacturing employment, data from the ADP Research Institute in Roseland, New Jersey, showed Wednesday.

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<p>When one of the world's richest men provides free money tips, it's worthwhile to pay attention.</p>

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The world's third largest asset manager just installed a bronze statue of a defiant girl in front of Wall Street's iconic charging bull as part of its new campaign to pressure companies to add more women to their boards. State…

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<p>When the bosses of some of the world's largest pharmaceutical companies headed to Washington in January to meet U.S. President Donald Trump, it had all the makings of a potentially hostile meeting.</p>

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