Make NAFTA Fair

April, 27, 2017|

The End of NAFTA?

The Trump administration is considering drafting an executive order to withdraw the U.S. from the North American Free Trade Agreement with Mexico and Canada - though administration officials caution it's just one of a number of options currently being discussed by the president and his staff. It seems more likely than not that NAFTA will be coming to an end...

AT&T Battles Verizon To Take Over Wireless

April, 26, 2017|

Verizon Communications Inc. has made an offer for Straight Path Communications Inc., topping an earlier bid from AT&T in a move that starts a bidding war for a company holding spectrum used in 5G technology, according to a source a familiar with the matter. Straight Path said on Tuesday it received a $104.64 per-share all-stock buyout offer from a "multi-national telecommunications company"...

April, 26, 2017|

Danielle DiMartino Booth

What role should the Federal Reserve play? That of shepherd of the dollar’s buying power alone, nix the employment mandate that’s triggered mission creep? Or should policymakers continue to stab away at maximizing employment at the expense of future bouts of financial stability, you know, for the greater good, because the private sector can’t or won’t?

Tax Cut Probability Slipping Away

April, 26, 2017|

Trump Seeks Corporate Tax Rate of 15%

President Donald Trump has ordered White House aides to accelerate effort to draft a tax plan slashing the corporate rate to 15% and prioritizing cuts in tax rates over an attempt to not increase the deficit, according to a person familiar with the directive. During a meeting inside the Oval Office last week, Trump told staff he wants a massive tax cut to sell to the American people...

Greatest Con Game Ever

April, 24, 2017|

A confidence game (Ponzi scheme, 3 card monte, the shell game, and numerous others) is an attempt to defraud a person or group by gaining their confidence. There are different types of cons, the short con, which is played often at carnivals and places like that to scam or hustle someone out of their cash. The victim is known as the mark, the confidence man, or con man, and can work alone or with a group of others known as shills...

GM Falls to Socialism

April, 21, 2017|

GM Ceases Operation in Venezuela

General Motors said yesterday that it would immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities. GM described the takeover as an "illegal judicial seizure of its assets." The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities...

April, 20, 2017|

Danielle DiMartino Booth

As pendulums go, the current swing to the ostensibly wealthy far edges is one for the ages, the Gilded Ages. Gorgeous old mansions are being razed en masse to make way for zero-lot-line mortgaged monstrosities. Driving a Porsche is no longer a sufficient statement. And vacations to destinations with no butler service all but invite pity...

Bill O’Reilly Unemployed

April, 20, 2017|

Bill O'Reilly Out at Fox News

Bill O'Reilly has been forced out of his position as a prime-time host on Fox News, the company said on Wednesday, after the disclosure of settlements involving sexual harassment allegations against him. His abrupt and embarrassing ouster end his two-decade reign as one of the most popular and influential commentators in television...