Archive for May 1st, 2017

Here's what you would need to get the job.

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If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise. John Stuart Mill, Principles of Political Economy, p. 419
According to TheUpshot column in the New York Times, theres a problem of cheap goods that needs fixing. It’s an odd lament that prices apparently arent rising fast enough, but thats the story the Times’ business journalists are telling.
To quote the Upshot directly, There is a worldwide glut that includes oil wells, steel plants and eager would-be…

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We could soon be living in a world in which driverless vehicles or drones make all deliveries. Those vans and big rigs on the interstates will barrel along to their destinations without drivers; the groceries or prepared food you need for dinner or the prescription your doctor ordered will descend on your doorstep without a human delivery person in sight.
Driverless deliveries are a good example of a radical technological change likely to take over very soon. We are not talking science fiction here. Amazon has recently announced that it is focusing on driverless technology to improve its…

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President Donald Trump said he’s considering a break up of giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer and investment banking.

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Oystermen, pirates and police clashed violently more than a century ago over who could collect the Chesapeake Bay's tasty and lucrative oysters.

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Former Fed Chair Ben Bernanke mostly praised the controversial border adjustment tax proposal in a CNBC interview Monday.

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To understand why the U.S. auto market isn’t growing, consider a top-of-the-line minivan from Fiat Chrysler Automobiles NV now costs about $50,000.

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The company has put its focus on improving the quality of its ingredients in an attempt to drive sales.

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United Parcel Service is starting to ask major retailers to help pay for extra workers and surplus space on trucks when a retailer fails to ship as many packages as planned during peak periods.

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Warren Buffett’s career is filled with splashy takeovers that cost billions — as in $10 billion or $20 billion or $30 billion.

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Often the US dollar, as the numeraire, seems to be the main actor in the foreign exchange market. Other times, the dollar appears to be at the fulcrum between European currencies on one hand, and the dollar-bloc currencies on the other hand. Â Another way expressing this is whether there is a dollar-move underway or is it really more about the crosses. Â Presently, the dollar appears better understood at the fulcrum. Last week it fell against European currencies and advanced against the dollar bloc and yen. Â While this may continue, we suspect robust US data (April auto sales and…

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Lets be clear: America is an undertaxed society. Our wants and needs from government the two blur exceed our willingness to be taxed. This has been true for decades, but its especially relevant now because the number of older Americans, who are the largest beneficiaries of federal spending, is rising rapidly. Unless were prepared to make sizable spending cuts (and theres no evidence we are), we need higher taxes.
To the extent that President Trumps proposed tax reform obscures or worsens this inconvenient reality, it is a dangerous distraction. We cannot afford…

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