Archive for September 7th, 2017

Equifax, a company that provides credit scores, said on Thursday that the personal information of 143 million people may have been accessed by hackers. The details potentially accessed by hackers between mid-May…

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The largest U.S. pension fund is talking to BlackRock Inc. about outsourcing its private equity business as it seeks to control fees and offset anemic returns, people familiar with the matter said.

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If there was some small entertaining distraction from the gathering events in 2014, it was watching economists try to explain bond yields. Economists dont get bonds; they never have, not for lack of trying. Since the media defers to economists on finance as well as economy, when it has been proven it should defer to them in neither case (economists are statisticians and little more), the vast bond market goes about its business incomplete in the market service it more fully provides.
Expectations were established very early on that year. It may not be memorable now, but the big…

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Just a week after Hurricane Harvey struck Houston, Irma Jalifi was doing something that might sound crazy: closing on a home.

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When Donald Trump announced his presidential candidacy in June of 2015, no one (including yours truly) gave him anything resembling even an outside shot. Trump and his candidacy were a laugh line. The previous assertion is not a political statement as much as its fact.
Whatever readers think or thought about Trumps policies (this column was and is very critical of his views on trade, immigration and the dollar, among others), the expectation was that the New Yorkers unlikely bid was a near-term brand-building stunt, and that his even harder-to-imagine nomination for president…

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When Donald Trump announced his presidential candidacy in June of 2015, few (including yours truly) gave him anything resembling even an outside shot. Trump and his candidacy were a laugh line. The previous assertion is not a political statement as much as its fact.
Whatever readers think or thought about Trumps policies (this column was and is very critical of his views on trade, immigration and the dollar, among others), the expectation was that the New Yorkers unlikely bid was a near-term brand-building stunt, and that his even harder-to-fathom nomination for president would…

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“To love is to suffer. To avoid suffering one must not love. But then one suffers from not loving. Therefore, to love is to suffer; not to love is to suffer; to suffer is to suffer. To be happy is to love. To be happy, then, is to suffer, but suffering makes one unhappy. Therefore, to be happy one must love or love to suffer or suffer from too much happiness.” –Diane Keaton, from Woody Allen’s “Love and Death”
As you all know by now, I have had eight questions that keep me up at night and form an important basis for my negative market outlook.
After this missive is completed I will have a…

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Big corporations are shelling out funds for home repairs so staff can resume work, although long-term costs could weigh on the bottom line.

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Let the bidding begin. Amazon is planning to spend $5 billion to build a second North American headquarters, and governments are invited to open their wallets. It is easy to see why many cities would love to play host to the jobs, spin-off economic activity and prestige the online giant will generate. But officials need to look closely and ask some tough questions before they leap.
The prize is certainly a tempting one. Amazon has said it plans to eventually hire as many as 50,000 people for what it is calling HQ2, which it describes as a full equal to the companys…

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The powerful storm is forcing costly cancelations and reroutings for scads of cruise ships and their passengers

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Truckers who hauled gasoline to Texas last week from Florida may run the same route in reverse next week as Hurricane Irma bears down on the Sunshine State.

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James Harrison, the owner of a Phoenix-based specialty construction firm, employs three workers protected by an Obama-era immigration program that the Trump administration took steps Tuesday to eliminate.

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Potentially catastrophic Irma threatens both a top insurance company — and all those residents with no flood coverage

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Amazon.com Inc said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation.

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A new, blistering Senate report shows how one opioid company misled patients and insurers to sell its drug. 

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