China’s Xi meets Zuckerberg, Cook in Beijing

Apple’s Tim Cook and Facebook’s Mark Zuckerberg met Chinese President Xi Jinping in Beijing, state media said Tuesday, as the Communist Party pushes for a larger role in private firms. The meeting came days after Xi secured his position as China’s most powerful leader since Mao and as Facebook seeks to gain entry to the massive… Please follow and like us:

Read More

5 biggest reasons to hate the IRS tax code

President Donald Trump has proposed what he calls “the biggest tax cut since Ronald Reagan.” He also wants vast simplification so that Americans can fill out their taxes on a postcard return. Let’s hope that part of this reform package will be to de-fang the IRS, which treats Americans as if they are guilty until proven… Please follow and like us:

Read More

Cutting tax rates will net greater harvest

There are a few actions one can take that have no downside, only an upside. Economists teach students, “There is no free lunch,” meaning an action that might be beneficial to some may well be harmful to others. An example would be an increase in the minimum wage, which is beneficial to those receiving it, but… Please follow and like us:

Read More

The Real Vampire Squid: Debt Service

Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes. – Benjamin Franklin, letter to Jean-Baptiste Leroy, November 13, 1789. Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to… Please follow and like us:

Read More

Dangerous ‘Cyberstorm’ Is Spreading Across the U.S., Expert Warns

What do we do when we discover a storm brewing in the Atlantic that becomes a tropical depression that is heading toward the East Coast? We prepare. Cybersecurity experts have been tracking just such a storm that has been brewing in cyberspace for the past several weeks and they expect it to hit a million organizations… Please follow and like us:

Read More

Equities slump as investors lock in gains

Equities slumped on Monday as investors cashed out to lock in gains from October’s bullish market and a batch of listed companies delayed the release of their third quarter earnings reports, said experts. The Shanghai Composite Index fell by as much as 1.7 percent on Monday morning and closed the day with a 0.77 percent decline… Please follow and like us:

Read More

Canadian, Australian stock markets vie for Israel tech firm listings

By Shoshanna Solomon The Nasdaq and the New York Stock exchange may the most aspired-to destinations for many Israeli entrepreneurs, but Canada is now joining Australia in competing for a piece of the pie. “Israel is second only to California in terms of success in the tech space,” Robert Peterman, VP of global business development of… Please follow and like us:

Read More

Specter of Separatism Haunts EU Leaders

Separatists across Europe, from Scotland to Silesia, have been watching the independence bid launched this month by Catalan secessionists with interest, so too have European leaders, who feared it might trigger a stampede of breakaways. Turning his back on Barcelona and backing Madrid, EU President Jean-Claude Juncker said he doesn’t want “an EU with 95 different… Please follow and like us:

Read More

Obamacare insurance markets open this week amid confusion and uncertainty

WASHINGTON — Health insurance marketplaces created by the Affordable Care Act begin accepting 2018 applications Wednesday amid mounting concern that the Trump administration’s repeated attacks on the law will dramatically depress enrollment. The marketplaces — a centerpiece of the law commonly called Obamacare — continue to provide coverage for some 10 million people. And they remain… Please follow and like us:

Read More

HSBC Q3 profits up five-fold to $4.6 bn on booming Asia

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion, the company said Monday, as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled as part of a management overhaul that has seen the… Please follow and like us:

Read More

Paul Manafort Turns Himself in to the FBI

Paul Manafort, President Donald Trump’s former campaign chairman, turned himself in to federal authorities Monday as part of special counsel Robert Mueller’s probe into Russia’s 2016 election interference. Manafort and his associate, Rick Gates, who also turned himself in on Monday morning, are facing several charges, including money laundering. The New York Times reported that Gates… Please follow and like us:

Read More

Stock market crash: A day that will live in infamy

Oct. 29, 1929, the New York Stock Exchange crashed. Panic ensued as Wall Street sold 16,410,030 shares in a single day. Billions of dollars were lost and America plunged into the Great Depression. An estimated 15 million Americans were unemployed and nearly half of all banks failed. The Great Depression began with a rapid contraction of… Please follow and like us:

Read More

The SEC Nabs Day Trader In Brokerage Account Scheme

The Securities and Exchange Commission today charged a day trader based in the Philadelphia area with participating in a scheme to access the brokerage accounts of more than 100 unwitting victims and make unauthorized trades to artificially affect the stock prices of various companies. The SEC alleges that Joseph P. Willner generated at least $700,000 in… Please follow and like us:

Read More

Delusional Paul Krugman ignores the effects of Trump tax cuts

WASHINGTON, October 29, 2017 – In a recent New York Times column, Nobel Prize-winning economist Paul Krugman said that President Trump’s proposed tax cut is “gift to rich foreigners.” Maybe Krugman doesn’t understand the effects that broad-based tax cuts have on the economy and on the middle class. Usually, if Krugman can be objective, he is… Please follow and like us:

Read More