Archive for June 11th, 2017

Sniffing for scandal, guffawing at gaffes, tittering at tweets, many commentators, especially those on the political left, dismissed the recently released Trump administrations budget as dead on arrival. How wrong they are! Every president has great power when it comes to budget negotiations. That power is enhanced when, as now, the presidents party controls both houses of Congress.
It is easy to understand why many thought that the Trump budget would fail. Until recently, one Republican senator after another exuded pessimism that the GOP could deliver on its top priority,…

More…

Comments No Comments »

The actual win-win advantages of global trade are too often expressed in the simplistic win-lose jargon of sports or war. A country with a trade surplus is seen by many as a winner; a country with a trade deficit is too often regarded as a loser. Anyone who holds that one-dimensional outlook should examine the United States overall and country-by-country trade balances. They demonstrate that trade surpluses are no panacea, and trade deficits are far from calamitous.
Just ask yourself, which economy would you rather have Nigerias, with its $23 billion trade surplus with the United…

More…

Comments No Comments »

Businesses and investors hate uncertainty. We hear that old saw all of the time, and for the most part, its true. At the same time, its worth reflecting on the fact that all uncertainty is not created equal.
To be clear, uncertainty is not the same as risk, though the terms often are used interchangeably. The late economist Frank Knight tackled the difference in his 1921 book Risk, Uncertainty, and Profit. Knight basically explained that a risk is a situation whereby the odds of an outcome are measurable, as opposed to uncertainty, which is not measurable.
As Knight wrote, The…

More…

Comments No Comments »

People in transition because of layoffs, moves, illness or new ventures turned to Obamacare’s marketplaces as a stopgap, but that option may soon be gone.

More…

Comments No Comments »

Niche sports can draw between $50 to $10,000 a tweet, even if you haven't seen the sport on TV.

More…

Comments No Comments »

(Bloomberg) — Investors in Qatari stocks, bonds and currency forwards were saddled with losses since the country was thrust into the epicenter of an unprecedented spat with its neighbors.

More…

Comments No Comments »

The first is obvious, but the second could have huge returns that you wouldn't expect.

More…

Comments No Comments »

Farnoosh Torabi, author of "When She Makes More," discusses the new rule that will protect your 401(k) and IRA dollars, and what it means for you.

More…

Comments No Comments »

<p>Global financial services giant Credit Suisse predicted last week that up to 25% of nation's malls could close by 2022. However, shopping industry experts say the number of malls is holding steady and the sector is coping well.</p>

More…

Comments No Comments »

Rental affordability isn’t so great, either.

More…

Comments No Comments »

<p>Here’s a bright idea: Switching to LED light bulbs can help the typical home save about a $1,000 over a 10-year period. That’s roughly $8.33 a month.</p>

More…

Comments No Comments »

Could the passage of Trumpcare cause you to lose coverage for prescriptions and other essential services? A close look at the proposed law should raise concerns for policyholders.

More…

Comments No Comments »

The retailer that once reliably supplied wardrobe basics for many has struggled with the transition to online sales, risky stylistic decisions and corporate debt

More…

Comments No Comments »

It has been a long haul back from the dead for McDonald's , but signs of life on several fronts continue to emerge.

More…

Comments No Comments »