Archive for May 7th, 2017

Hillary Clinton took a swing at the media in her congratulations to French election winnerHillary Clinton congratulated Emmanuel Macron on winning the French presidential election on…

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The emerging bid to restore the Glass-Steagall law has been gathering steam largely because many see it as a way to avoid future financial meltdowns. But this is a case where the supposed cure would not prevent the disease and might very well cause unpleasant side effects.
The 1999 repeal of key sections of Glass-Steagall, which erected a wall between commercial banks and securities activities, is blamed by many for the 2008 financial collapse. But it is hard to see how. Not a single one of the biggest culprits in the financial meltdown Lehman Brothers, Fannie Mae and Freddie Mac,…

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We are defining prosperity down or, more accurately, prosperity is defining itself down. We are eight years into the recovery from the Great Recession, the unemployment rate has dropped to 4.4 percent, the stock market is pushing record highs, and consumer confidence seems robust. And yet the economy doesnt feel as good as it looks. Anxieties lurk.
There is an explanation, argues Ruchir Sharma. This doesnt feel like a typical business cycle recovery, because it isnt. We have entered a new era of low economic growth and high political disappointment. Our democratic system…

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Ronald Reagan once famously said, The trouble with our liberal friends is not that they are ignorant, but that they know so much that isnt so. Last Monday, the New York Times showcased this liberal mindset in all its glory when it published an op-ed piece by Steven Rattner titled Trumps Tax Cuts May Be More Damaging Than Reagans. Rattners piece is riddled with factual inaccuracies, cherry-picked data, false conclusions, and analytical sleights-of-hand. To say, as Reagan would, that Rattner simply knows so much that isnt so is to be very kind.
Lets take a look at…

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On Thursday the greatest investor in history, Warren Buffett, disclosed that Berkshire Hathaway (BRK.B) has disposed of about one-third of its IBM (IBM) holdings. (Note: From time to time I have been short IBM, for fundamental reasons, in the recent past.)
Though I currently have no position in Berkshire Hathaway, it remains my view that Berkshire is a mature company, and results over the last five to seven years seem to support my analysis.
Though I remain skeptical of Berkshire’s overall relative and absolute growth prospects (it is now a “GDP grower”) and in the diminished value of a…

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George Stephanopoulos grills Paul Ryan over Republican healthcare billABC anchor George Stephanopoulos grilled House Speaker Paul Ryan on Sunday over the American…

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Policy debates on benefits and taxes are turning, as they have in the past, on the question of who is deserving, not what can best address needs.

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Uber was already off to a bad start in 2017, but the year is getting worse by the day for the $69 billion ride-hailing company.

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<p>According to a Bank of the West study, millennials (18-36) still view the American Dream as owning a home, paying off debt and someday retiring from a fulfilling career. However, they've amended it a bit to include travel, pursuing their passions and living abroad. It's an American Dream that doesn't all take place in the U.S., and it requires significant capital to back up.</p>

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Immigrants are twice as likely as native-born Americans to start their own companies.

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<p>We made up the weekend the same way we made up the week. The earth actually does rotate around the sun once a year, taking about 365.25 days. The sun truly rises and sets over twenty-four hours. But the week is man-made, arbitrary, a substance not found in nature. That seven-day cycle in which we mark our meetings, mind birthdays, and overstuff our iCals—buffered on both ends by those promise-filled 48 hours of freedom—only holds us in place because we invented it.</p>

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By one estimate, state and local governments spend at least $45 billion a year on tax breaks and other incentives to lure or keep job-producing businesses and plants in their jurisdictions.&nbsp;

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