Economics And Finance
U.S. Workers Put In 53 Weeks In A Year Just To Maintain “Middle Class” Lifestyle (#GotBitcoin?)
A new study by Oren Cass at the Manhattan Institute confirms that a 52 week year just doesn't cut it for the average American worker looking to simply make a "middle-class" life for themselves. U.S. Workers Put In 53 Weeks In A Year Just To Maintain "Middle Class" Lifestyle (#GotBitcoin?)…
The Week That Wiped $3.6 Trillion Off The Stock Market (#GotBitcoin?)
U.S. stocks were at record levels just last week, seemingly unaffected by fears that the coronavirus could dent the global economy. Then reality took hold. The Week That Wiped $3.6 Trillion Off The Stock Market (#GotBitcoin?) When the S&P 500 closed at a record on Feb. 19, American stocks seemed…
TD Ameritade, Schwab, Vanguard And Fidelity Suffer Brief Outages On Busy Trading Day (#GotBitcoin?)
Customers had trouble accessing online accounts as stocks dropped. TD Ameritade, Schwab, Vanguard And Fidelity Suffer Brief Outages On Busy Trading Day (#GotBitcoin?) Customers of Vanguard Group and Fidelity Investments had trouble accessing online accounts on Friday morning, angering investors who couldn’t trade as stock markets fell. This week’s market…
Federal Deficit Attention Disorder Or #FDAD(#GotBitcoin?)
We’ll Be $1 Trillion in the Red in 2020. No Big Deal! Federal Deficit Attention Disorder #FDAD (#GotBitcoin?) The U.S. has its own kind of attention deficit disorder: We don’t pay attention to the deficit. When word got out that the federal deficit is poised to surpass $1 trillion this…
Trump To Propose $4.8 Trillion Budget With Big Safety-Net Cuts (#GotBitcoin?)
White House seeks savings through curbs on Medicare, Medicaid while boosting funds for military, veterans. Trump To Propose $4.8 Trillion Budget With Big Safety-Net Cuts (#GotBitcoin?) President Trump is expected to release a $4.8 trillion budget Monday that charts a path for the start of a potential second term, proposing…
Treasury Identifies Top Vulnerabilities In U.S. Financial System (#GotBitcoin)
A lack of a requirement to disclose companies’ beneficial ownership is one key issue. Treasury Identifies Top Vulnerabilities In U.S. Financial System (#GotBitcoin) The lack of requirements to disclose a company’s beneficial ownership information is one of the top vulnerabilities in the U.S. financial system, the U.S. Treasury Department said…
New Risk To World Economy: Synchronized Housing Slowdown (#GotBitcoin?)
Global growth in home prices slows as world-wide residential investment continues to decline. New Risk To World Economy: Synchronized Housing Slowdown (#GotBitcoin?) Housing markets across the world, from the U.K. to China to Australia, are losing steam, holding back prospects for the global economy that last year grew at its…
Warren Buffet’s Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme
A California couple whose solar company counted Berkshire Hathaway Inc. BRK.B -1.10% as one of its investors pleaded guilty Friday to running a $900 million Ponzi scheme. Warren Buffet's Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme Jeff and Paulette Carpoff, who began raising money in 2011,…
So Long, California? Goodbye, Texas? Taxpayers Decide To Move
After new tax law made it costlier to own a house in many high-price areas, some residents are pulling up stakes. So Long, California? Goodbye, Texas? Taxpayers Decide Some States Aren’t Worth It (#GotBitcoin?) Larry Belardi and Bobbie LaPorte are longtime San Francisco residents, but they are planning to leave…
H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction. H.R.5635 - Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020) [embed]https://www.youtube.com/watch?v=XzN0pu6Eohg[/embed] Get Alerts Text Available As: XML/HTML XML/HTML (new window) TXT PDF (PDF…
World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?)
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60% of the planet’s population, a new report from the charity group Oxfam says. World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?) Oxfam’s report, ‘Time to Care’, was released Sunday just…
The Key Distinction Between U.S. Energy Independence And Energy Security
As crude prices react to escalating tensions between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy “security” as the terms apply to the U.S. The Key Distinction Between U.S. Energy Independence And Energy Security…