Archive for October 19th, 2017

On the surface, it almost seemed as if Xi Jinping was channeling Donald Trump. Opening Chinas 19th Party Congress this week, the Communist General Secretary of that Congress talked a lot about rejuvenation. The word recalled the 2016 US Presidential campaign and the Republicans promise to make America great again. It seems as if finally the great halls of power around the world are finally being made to come to terms with 2008, even if they might not understand exactly why.
Secretary Xi described his vision in starkly difficult terms. Achieving national…

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Its very rare that one feels bold enough to disagree with Professor Diedre McCloskey on economics (or history or English or anything else she chooses to master or simply take an interest in, which for her seems to be the same thing.) However, merely quibbling with something she has said is not nearly as intimidating. And sometimes a quibble can be important.
An excellent article by Daniel Hannan in International Business Times quotes Professor McCloskey as explaining that the problem with comparative advantage lies with the word “advantage”, which makes people think that it is about…

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The Internal Revenue Service (IRS)has announced the annual inflation adjustments for a number of tax-related provisions for 2018, including, of course, the latest tax rate schedules and tax tables.

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In a speech earlier this week, Donald Trump invoked Ronald Reagans 1981 tax cuts as a model for his own plan. Trump said Reagans tax cuts unleashed the economic miracle of the 1980s and promised his own tax cuts would boost economic growth substantially. Consider those statements alternative facts.
In principle, well-designed tax cuts can increase economic activity since lower marginal tax rates boost the reward for firms that invest and hire and for people who work and save more. But there is another part of the story: Lower rates also reduce the need for people to work…

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If President Donald Trump prevails in shutting down a major Obamacare health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people and making upper-tier plans more affordable.

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On the 30th anniversary of Black Monday, stocks are at new highs. The crash risk has never been greater.

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U.S. cities are offering Amazon.com Inc (AMZN.O) at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

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Older Americans are increasingly chipper about the U.S. economy, but their positive outlook has yet to translate into robust spending growth.

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<p>U.S. equities opened lower on Thursday following a record-setting session in which the Dow Jones industrial average closed above 23,000 for the first time.</p>

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U.S. stock index futures pointed to a sharply lower open Thursday, as investors looked to earnings and tried to shake off negativity coming from European politics.

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Wild action leading up to the stock market crash is important to remember as people handicap the chance that such a jolt could hit the current bull run.

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