Posts In Category

Economy

jobs

The unemployment rate in April fell to 3.9 percent. Bill Clinton was president the last time the rate was so low. On the other hand, the...
wall street

AllianceBernstein has been one of the country's largest financial asset management firms since its founding in 1967. It currently manages nearly $500 billion. Naturally, it...
Elizabeth Warren

There is a bill moving through the Senate that would raise the assets threshold for the approximately two dozen banks that are subject to "enhanced...

No, it’s not a crash. It’s not even a correction, at least not yet. The stock market fell 1,175.21 points on the Dow yesterday to 24,345.75....
Nancy Pelosi

Nancy Pelosi dismissed the bonuses associated with recently enacted tax cuts for middle-class individuals as "pathetic" and mere "crumbs." For someone who lives in the...
economy

Everyone knows that the stock market is soaring, perhaps too much. The Dow went up 24 percent in 2017. That's not a record, to be...
Jobs report

The December jobs report, out this morning, reported 148,000 new jobs in December while the unemployment rate stayed steady at 4.1 percent. The number of...
taxes

The New York Times had a startling headline in the print edition this week, above the fold and in the left-hand column no less: "With Red Tape...
cash

The digital revolution has sent many technologies into the Smithsonian: typewriters, carbon paper, film, car keys, cathode ray tube TVs, solitaire with actual playing cards,...
minimum wage

The City of Seattle, as blue as they come, raised its minimum wage in 2014 from $9.47 to $11.00. This year, it went up to...
iPhone

The iPhone, and its imitators have become so much a part of our culture that it is hard to believe it was introduced only ten...
tax code reform

The first thing to consider with regard to corporate income taxes is who pays them. It is not corporations. They are just pieces of papers drawn...