Archive for September 14th, 2017

Beijing says it will no longer accept 24 kinds of waste exports from the United States, putting a $5 billion annual business at risk.

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Retirement is already expensive, but it can become far more costly than most people realize.

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Macy’s Inc m will increase by 20% the number of workers it hires during the holiday shopping season to staff distribution and warehouses that support its online business, but total holiday hiring will fall.

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The outbreak of military conflict on the Korean Peninsula could result in a global war, according to Citi's top global political analyst.

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In 2006 Warren Buffett invested $4.5 billion in Iscar, an Israel-based machine-tools maker. Notable is that Iscar was within easy distance of the enemy rockets that exist as a constant threat to the small country, its businesses, and most important of all, its people. For that reason, the investment puzzled some of Buffetts admiring watchers.
But it turns out the Nebraskan wasnt fazed in the least by the risk of having a substantial asset so close to enemy fire. As Buffett biographer Alice Schroeder explained it, if Iscars facilities are bombed, it can go build another…

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In some respects, there is no such thing as a natural resource. Even the most costly such as oil have no inherent value but for the use that human beings and the marketplace are able to make of them. An episode of the television series the Twilight Zone illustrated that fact.
The episode, entitled Of Late I Think of Cliffordville, featured Albert Salmi as William J. Feathersmith, a mean-spirited tycoon at the height of financial success. At his desk late one night he confesses to his office janitor, who by coincidence came from the same hometown, that he longed for the…

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Monitors that track truckers’ time on the road aim to make highways safer, but drivers are worried about lost income. They have until December to install such electronic logs.

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Fears of a bitcoin bubble and a focus on the rise of digital currencies overall may signify that cyberunits are at an important crossroads.

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<p>Texans already have filed more than 100,000 storm-related claims on their car- and truck-insurance policies.</p>

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While many believe that volatility is being held at bay, Christopher Cole, who runs Artemis Capital, draws parallels to the crash of 1987.

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In April 2009 during the absolute worst economic circumstances of at least four generations, the new Obama administration announced that its stimulus plans were coming along. Keenly aware of Republican criticisms about profligacy, the President assured the country that projects were ahead of schedule and under budget. Economists like Paul Krugman were distressed, particularly about the second half of the pronouncement.
As Dr. Krugman wrote for the New York Times, Yay but boo. You can see his point. There is nothing wrong with under budget on its own accord, but…

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There were several surprises today.  They began in Asia Pacific with strong Australian jobs data and disappointing Chinese data.  But Australian employment data is volatile, and many had already come to appreciate that the Chinese economy lost some momentum.  The surprisingly hawkish guidance from the Bank of England and firmer than expected US CPI may have farther reaching implications than the Australian and Chinese developments.  Sterling posted its third largest advance of the year, rallying about 1.8% against the dollar, following a hawkish hold by the Bank of England.  The 7-2…

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The median household income in the U.S. rose 3.2 percent between 2015 and 2016.

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President Trump vows to cut the corporate tax rate from 35 percent to 15 percent.&nbsp;

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The gate-service fee, a charge tied to Basic Economy fares, often erases the savings of the cheaper ticket.

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