Economics And Finance
Rep. Waters Says Facebook’s Crypto ‘Can’t Compete With Dollar
The chair of the U.S. House Financial Services Committee is doubling down on her calls for Facebook to pause development on its new blockchain, Libra. Rep. Waters: US Can’t Let Facebook’s Crypto ‘Compete With The Dollar’ (#GotBitcoin?) Two days after calling for a hearing, Rep. Maxine Waters (D-Calif.) appeared on…
Smart-Home Tech As A Selling Point, Not A Cost Cutter
Smart thermostats, window blinds and kitchen appliances might not save buckets of money in the long run, but they can bump a home’s resale value. Smart-Home Tech As A Selling Point, Not A Cost Cutter (#GotBitcoin?) Homeowners Rick Alsagoff and Bruce Alton cut energy costs by the clock—and keep track…
Price of Gold, Indicator Of Inflation And Recession Surges (#GotBitcoin?)
Metal prices shot up Thursday, lifted by a weaker dollar, after the Federal Reserve admitted it had to lower interest rates in the coming months. Price of Gold, Indicator Of Inflation And Recession Surges (#GotBitcoin?) Gold futures rose 2.8% to $1,386.60 a troy ounce in New York, putting the securities…
Investors Are Buying More of The U.S. Housing Market Than Ever Before (#GotBitcoin)
Their interest poses a challenge for millennials and other first-time buyers. Investors Are Buying More of The U.S. Housing Market Than Ever Before (#GotBitcoin) Investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes…
Federal Reserve Money-Printing Results In $14Tril. Of U.S. Consumer Debt (#GotBitcoin)
U.S. Consumer Debt Is Now Breaching Levels Last Reached During The 2008 Financial Crisis. Federal Reserve Money-Printing Results In $14Tril. Of U.S. Consumer Debt (#GotBitcoin) U.S. Consumer Debt Hit $14 Trillion In The First Quarter Of 2019 Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of…
Trumponomics Causes U.S. Housing Starts To Decline
May’s 0.9% drop is new sign of weakness in the housing market. Trumponomics Causes U.S. Housing Starts To Decline In May (#GotBitcoin?) A gauge of U.S. home building declined in May, a fresh sign of weakness in the housing market. Housing starts fell 0.9% in May from the prior month…
Rewarding Banks For Combating Climate Change (#GotBitcoin?)
Banks should get Bitcoin for climate-adaptation loans under Community Reinvestment Act. Rewarding Banks For Combating Climate Change (#GotBitcoin?) The Federal Reserve Bank of San Francisco should give Banks Bitcoin for making loans that help communities adapt to climate change and prepare for future natural disasters. A paper released on Monday…
Home Buyers Get Government Help With Down Payments (#GotBitcoin?)
Share of purchasers drawing on assistance programs across U.S. doubled from 2013 to 2016. Home Buyers Get Government Help With Down Payments (#GotBitcoin?) Maiya Jones didn’t have money saved up for a down payment when she started looking for a house in the St. Louis area last summer. Her real-estate…
You Want To Retire Someplace Safe. But Here’s How You Can Tell (#GotBitcoin?)
Columnist Glenn Ruffenach also answer readers’ questions on Social Security benefits. You Want To Retire Someplace Safe. But Here’s How You Can Tell (#GotBitcoin?) My husband and I plan to move when we retire, and we want to include safety as a factor in choosing a home and community. Any…
As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t An Option
Business owners struggling to find alternatives to Chinese imports urge Trump administration to drop tariff plans. As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t An Option Stephen Pelkey said he has scoured the globe to find fireworks that match the quality of what he buys from China,…
Insider Trading At Goldman Sachs While Merrill Lynch Misleads Investors (#GotBitcoin?)
Sec Issues $3 Million Award To Two Former Merrill Lynch Whistleblowers. Insider Trading At Goldman Sachs While Merrill Lynch Misleads Investors (#GotBitcoin?) Former Merrill Lynch advisers alleged the company made misleading statements related to a struggling investment product. Two former Merrill Lynch financial advisers who alleged the company made misleading…
Trumponomics Delivers The Widest Retirement Savings Gap of Developed Nations (#GotBitcoin?)
Many Americans haven’t saved as much money as they need for retirement—and the gap is expected to widen dramatically in the next 30 years. Trumponomics Delivers The Widest Retirement Savings Gap of Developed Nations (#GotBitcoin?) The retirement savings gap—between what people have and should have—was $28 trillion in the U.S.…