Archive for July 6th, 2017

<p>U.S. authorities have tried to seize millions of dollars associated with several companies that deal with North Korea, including the country's military, from eight large international banks, according to court filings made public on Thursday.</p>

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In the common perception, the Federal Reserve is all that matters in terms of dollar money. So when the central banks executive policy board, the Federal Open Market Committee, decides to change stance it is largely assumed a matter long ago decided. They command; the market does. Even the name of that body plays into this assumption. All the textbooks say that the money supply is controlled through open market operations.
It has never been asked, or quite rarely pondered, how that is supposed to work via federal funds. If the FOMC votes to raise rates, as they have three times…

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“Sell in May and Go Away” didn’t work, but “Selling in July Before It Gets Ugly” may be the right investment decision now.
The preconditions for a market correction, as articulated in “My Top 10 Reasons Market Lambs Should Be
Scared of a Slaughter,” and even the end of the eight-year bull market are potentially in place. Here’s why:
An Early Seder Might May Be Upon Us: Answer my eight, important questions.
The Base Case Becomes Vague and Hard to Predict: There are numerous uncertain market, economic, geopolitical and political outcomes.
Stocks Are the Last Man Standing: While equities…

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Sometimes people do inhumane things. The Senate health care bill is a case in point. It denies health care to a large group of poor, disabled, and elderly Americans to give a big tax cut to a small group of very wealthy people.
But are Senate Republicans evil people? Do they lack a moral compass? I dont think so. I think they are simply victims of a once-successful but now discredited economic ideology. That ideology says tax cuts for the rich will create jobs for the middle class. It says cutting benefits, including health benefits, for the poor will cause them to work harder and behave…

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Qualcomm further escalated its legal battle with Apple on Thursday, filing a new patent infringement lawsuit and seeking to have imports of some iPhones and iPads banned from the country.&nbsp;

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For the first time in the history of the North American Car of the Year, the panel choosing the winner will not be chosen among Detroit automakers.

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Most Americans have nowhere near the savings they'll need to retire comfortably. But how much should you really be saving throughout your life?

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U.S. stocks traded lower Thursday as technology stocks declined amid a rise in global bond yields.

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<p>In 1990, U.S. cities had roughly 9.5 million people living in poverty — about 1 million more than the number of people living in poverty in the suburbs at the time.</p>

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For years, Dish Network has sought out deals and partnerships with just about every major telecom company. Now, the satellite TV company is turning to the tech world and a new—and somewhat surprising—potential partner has emerged: Amazon.com.

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Crude from West Texas shale fields is increasingly making its way abroad as a pipeline system is expanded to take it to market through Corpus Christi.

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A controversial new metric on executive pay is on Congress’s chopping block. Shareholders should want it to survive, even if it only provides a sliver of insight into the companies they own.

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The number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed

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Both Japan and the EU have been rocked by the growth of protectionism and nationalism among their trade and investment partners: The EU by Brexit and stalled trade talks with the United States; Japan by the U.S. decision to walk away from the Trans Pacific Partnership. But the EU-Japan free trade deal set to be announced Thursday sends a strong signal that the global liberal trade order is very much alive and kicking back.
More than ever, American business leaders and investors are sure to regret President Trumps decision to walk away from the Trans-Pacific Partnership and turn his…

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“You just follow the money. What happens is that youre faced with a situation of shooting somewhere you want to shoot, versus somewhere youd less rather shoot and you get an extra three weeks of filming. It comes down to the fact that you have x amount of money to make your movie in a business where margins are really thin. Ben Affleck, on making films in Georgia over Hollywood, CA.
Few industries are more dominated by the left-wing political mindset than the film business. Despite the previous truth, filmmakers are ever in search of the lowest-cost way to produce their…

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