Archive for August, 2017

Republicans are promising to stimulate investment and create jobs. But steps to undo tax dodges may not produce the intended economic lift.

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US president Donald Trump spoke in Missouri today about tax reform, kicking off the White House’s next big push to turn one of his campaign…

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Buffett says when one puts a spotlight on a large financial institution like Wells Fargo, they're likely to find something.

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The founder of Fresh Fields sees a revolution coming

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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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The U.S. economy and labor market experienced their most severe shock in generations from 2008-10, with over eight million jobs disappearing in a span of just over two years. Once the economic expansion took hold and employment began growing, the eight million jobs had been recovered by May of 2014. Yet, because of population growth, more jobs were needed for a true recovery. The unemployment rate was still elevated at 6.3 percent, an indicator of the not yet complete recuperation and the jobs gap that still remained.
A recent Hamilton Project analysis calculated thatadjusting for…

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Gasoline shortages rippled through the Houston area and prices are rising for the entire country as Hurricane Harvey wreaks havoc on the energy industry.

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The flooding from Hurricane Harvey is so extensive, Cox Automotive estimates a half-million vehicles may wind up in the scrap yard.

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The Department of Justice has taken preliminary steps to investigate whether managers at Uber Technologies Inc. violated a U.S. law against foreign bribery, according to people familiar with the matter.

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<p>Of all the retail names traded in the markets, Dollar General is among the most disappointing.</p>

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Hurricane will strain a National Flood Insurance Program out of step with needs of small businesses in era of extreme weather.

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"The Fed is open in Houston. It's open here in Dallas," Richard Fisher says.

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