Archive for August 30th, 2017

The great investor and writer Andy Kessler frequently points out that the failure rate among Silicon Valley start-ups is 90 percent. Every member of the economics profession would be wise to memorize the previous figure, and repeat it daily. If so, economists might come closer to understanding why theyre mystified by what they deem slow economic growth. And mystified they are. So much so that theyve apparently given up.
According to New York Times reporter Binyamin Appelbaum, the theme that emerged from the Kansas City Feds Jackson Hole confab is that economists have ceased…

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Global political leaders cant seem to agree on much these days, except perhaps for one thing: cracking down on corporate tax avoidance. Over the past few months, more than 100 countries have signed on to the Inclusive Framework sponsored by the Organisation for Economic Cooperation and Development (OECD), which sets common rules for addressing base erosion and profit shifting, commonly known as BEPS.
Despite the stampede to address this issue, it is still an open question as to how much corporate tax avoidance is actually draining government coffers and what harm, if any, it is having on…

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Additional U.S. sanctions on several countries and third-party entities are sending jitters across the world due to the impact to global supply chains.

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Social media lit up on Tuesday after a picture was posted by a reporter on Twitter which appeared to show a Best Buy in Texas charging $42 for a case of Dasani water. 

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