Archive for June 12th, 2017

Fortunately for workers, businesses, and the economy, employment relationships are positive-sum: the value of the goods and services produced together is greater than the cost. However, to make work rewarding for firm and worker aliketo make markets truly competitiverequires at a minimum that the rules governing the employment relationship be fair and clear. Unfortunately, our labor markets sometimes fall short of this ideal.
Recently, there has been much discussion of worker bargaining power and the ways that some firms try to suppress it, thereby holding down wages. This should be a…

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While the present doesnt always predict the future, the $70 billion valuation placed on ride-hailing service Uber indicates that investors think it poised to transform how we get around by car, how we access meals and groceries more broadly, and perhaps how we eventually travel long distances in the sky. Stating the obvious, Ubers handsome valuation is no more rooted in rides around town than was Amazons early price solely a reflection of the online book sales that initially launched the Seattle giant.
Needless to say, Amazons surge from bookseller to one of the worlds most…

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“Like a lamb to the slaughter …. He was oppressed, and he was afflicted, yet he opened not his mouth: he is brought as a lamb to the slaughter, and as a sheep before her shearers is dumb, so he openeth not his mouth.”
– Isaiah 53:7
History may not repeat itself but, as Mark Twain insisted, history rhymes.
Over history, as we have learned, a Minksy Moment develops when investor sentiment becomes complacent after long periods of prosperity and the data is ignored and doesn’t seem to matter anymore, as I wrote in “It’s a ‘Bohemian Rhapsody’ Market: Nothing Really Matters … to Investors.”…

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Bitcoin suddenly plummeted Monday, after breaking higher over the weekend to an all-time high.

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An urban revival has to start somewhere, and in the case of Detroit, that place has been downtown.

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Brokers willing to learn the lost art of making risky mortgages are in demand again. Nonbank lenders that cater to riskier borrowers say they need brokers to fan out across the country and arrange mortgages to people with lower credit scores.

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This summer, Americans can start their McDonald's job applications on Snapchat. On Monday, the fast-food company announced that it planned to hire roughly 250,000 workers this summer. 

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General Electric Co named John Flannery chief executive of the company as part of a succession plan.

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The Affordable Care Act is in deep trouble — in Washington and large swaths of the country. Senate Republicans began to coalesce around the framework of a plan to repeal and replace the law last week.

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A town welcomed an investment in a glass factory employing more than 1,500, but tensions have arisen over safety, foreign control and culture clashes.

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Despite claims otherwise, the new much ballyhooed Department of Labor fiduciary rule won’t protect you from financial advisers who put themselves first. 

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The tech billionaire says he’s connected about 16 hours a day and has two phones on him all the time.

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In a column from December of 2015, the Wall Street Journals Mary OGrady unveiled a rather inconvenient fact that poverty warriors on the American left and right would perhaps prefer remain hidden: from 1980 to 2000, when the U.S. economy boomed, the number of Mexican arrivals into the U.S. grew from 2.2 million in 1980 to 9.4 million in 2000. The previous number is a clear market signal that the U.S. is where poverty has always been cured, as opposed to a condition that requires specific U.S. policy fixes.
OGradys statistics came to mind while reading a recent New York Times…

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