Archive for March 15th, 2017

It was June 2013, and U.S. law enforcement thought they were finally getting their hands on a slippery target

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Last Tuesday, City of Los Angeles voters defeated Measure S a draconian anti-housing development ballot measure, which would have halted all new high-density development in Los Angeles, exacerbating an already stressed housing market. As of yesterday, the measure was failing 70% to 30%, a decisive rebut of an initiative lacking any policy rationale.
But YIMBYs, affordable housing advocates, pro-housing environmentalists, and business and civic leaders shouldnt breathe a shy of relief. Measure Ss defeat is more an anomaly than the standard. Much more action is required and the…

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Rachel Maddows over-hyped, incompetent, and totally incoherent reporting of Donald Trumps 2005 federal tax return shows yet again how easily tax matters can be readily distorted for political gain, especially by the left.
This time, however, the gambit blew up in her face. Maddow is taking a lot of heat for her disastrous (for her and her agenda) and very public disclosure that Donald Trump indeed paid tens of millions of dollars in federal taxes in 2005 (and at a far higher rate than anyone on the left expected). However, in reality Trumps federal tax situation is even more…

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With the Federal Reserve set to raise its benchmark rate Wednesday, the effects will be immediate for some, not so much for owners.

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United Continental Holdings Inc. boosted the number of seats the airline plans to add this year, stoking investor concern that the industry may hurt its ability to raise prices.

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A new study by the Center for Retirement Research at Boston College (CRRBC) says that more than half of working-age Americans are at risk of seeing their standard of living drop in retirement.

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Economics and finance are like going to the dog races, my friend Desmond Lachman of the American Enterprise Institute is fond of saying. Stand in the same place and the dogs will come around again. So they will.
U.S. financial markets produced sequential bubbles first in tech stocks in the 1990s, and then in houses in the 2000s.
What is the collateral for a home mortgage loan? I like to ask audiences of mortgage lenders. Of course, they say, the house, so I am pleased to tell them that is the wrong answer. The correct answer is the price of the house. My next…

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The Federal Reserve is expected to raise interest rates for the second time in three months Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.

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Auto executives say they can adapt to taxes or other curbs on imports, even as industry advocates insist such moves will dent sales and eat into profit.

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Boost your chances of becoming rich by doing what the wealthy do.

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The expected Federal Reserve decision Wednesday to lift its benchmark short-term interest rate by a quarter percentage point is likely to have a domino effect across the economy as it gradually pushes up rates for everything from mortgages and credit card rates to small business loans.

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The president paid up at a 24% rate back in 2005, but only because a special tax to thwart loopholes had hiked his bill from 4%

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