Archive for August 31st, 2017

To fund tax cuts, Republicans consider changes to popular retirement tax break

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<p>Hurricane Harvey and its catastrophic aftermath likely destroyed more vehicles than any other natural disaster in U.S. history, according to several early estimates.</p>

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Home sales continued their downward slide in July, with buyers signing fewer contracts to buy existing homes.

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<p>Houston area car retailers and automakers are rushing to reopen dealerships and beef up inventory to replace many thousands of vehicles damaged in flooding from Hurricane Harvey.</p>

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Lost into the vast history of the eighties, there was early on in that decade a political fight over the modern state of banking. The Reagan administration in 1983 had convened a far-reaching task force headed by Vice President Bush. The way in which proposed reforms initially moved was not merely impulsive score-settling. Its roots ran far deeper in time as well as within the industry itself.
By September 1983, initial reports suggested that the council was all but decided on the major topic. Some minor issues were, and would be accepted as, relatively uncontroversial, such as allowing…

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Every year in August I organize four lunches for serious investors on successive Fridays in eastern Long Island. There are different groups of 2530 people at each one and many of the great names of the hedge fund, real estate and private equity world attend, along with some academics and government folk. I lead a discussion for the better part of two hours and, in the past, I would follow the same basic agenda at each one. This year I varied the approach: I took a hard look at who was attending and created agendas that took advantage of the knowledge and experience of the participants.
The…

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Some Texas refineries were starting back up, but continued outages in the area made it difficult for pipelines to transport fuel.

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President Donald Trump and congressional Republicans have pledged to overhaul the nation's complex tax code.&nbsp;

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<p>Campbell Soup's stock plummeted after the packaged food company posted disappointing earnings and delivered a weaker-than-expected forecast, bringing more evidence that an industrywide slump is here to stay.</p>

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Wells Fargo &amp; Co. said it uncovered more than twice as many potentially unauthorized consumer and small-business accounts than originally thought.

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<p>The U.S. Energy Department said Thursday it will release 500,000 barrels of crude oil from the Strategic Petroleum Reserve as Harvey's disruption of the petroleum industry has spiked motor fuel prices.</p>

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As states move to shore up coverage, public support for the health insurance program has surged in recent weeks

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Wells Fargo &amp; Co. said it uncovered more than twice as many potentially unauthorized consumer and small-business accounts than originally thought.

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Before President Donald Trump launched his latest call for major tax cuts, he took a moment to offer support to Texas and Louisiana in the wake of Hurricane Harvey.

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<p>General Electric Co is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted hiring in certain technology positions, a person familiar with the situation told Reuters.</p>

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