Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
NEW YORK — President-elect Donald Trump issued a single tweet blasting defense contractor Lockheed Martin Corp. at 8:30 a.m. on Monday. By lunchtime, he had wiped $4 billion off the company’s market value. Wall Street traders began dumping the company’s stock after Trump criticized its fighter jet program: “The F-35 program and cost is out…
Through years of weak economic growth, up-and-down stock markets and miserable returns on cash savings, the housing market has delivered for Canadians by making them wealthier. House prices used to more or less track the inflation rate, which was a feeble 1.5 per cent between 2008 and 2015 because of stunted economic growth. But in cities…
Some 70 years ago, this was the Asian stereotype. (Russell Lee, July 1942, Twin Falls, Idaho. Library of Congress) For those who doubt that racial resentment lingers in this nation, Asian Americans are a favorite talking point. The argument goes something like this: If “white privilege” is so oppressive — if the United States is so hostile…
END CLASS=”STORY-META__ONE” END CLASS=”STORY-META__TWO” END ID=”STORY-META” CLASS=”STORY-META HAS-BYLINE” Federal Reserve Board Chair Janet Yellen told Congress on Thursday she didn’t agree with President-elect Donald Trump’s plans for more infrastructure spending and less banking regulation. Win McNamee/Getty Images hide caption toggle caption Win McNamee/Getty Images Federal Reserve Board Chair Janet Yellen told Congress…
This October, when Ido Alexander saw photos a young man had posted on social media, he thought he had hit the bankruptcy jackpot. Mr. Alexander, a Florida lawyer working for a court-appointed trustee, dispatched an appraiser to the man’s home to inspect the expensive-looking gold chains and other jewelry he had been posing in, which he hadn’t…
Dow futures fell more than 800 points startclickprintinclude endclickprintinclude loadInlineNwsModule | $loadInlineNwsModule nwsLetterEmbedded | $nwsLetterEmbedded nwsModuleAttached | false NEWSLETTERS Receive the latest national-international updates in your inbox startclickprintinclude Stock market futures plunged dramatically, as investor expectations of an easy Hillary Clinton win ran head-long into a growing lead for Donald Trump. Futures on the…
Economies need competition to work. Almost all basic economic theories, including supply and demand itself, rely on the assumption that companies lower prices to undercut the competition whenever possible. If sellers can set whatever prices they like, that’s a monopoly. And as any good Econ 101 class will teach you, monopolies hold production below…
Low-volatility funds, one of the trendiest of market trends this year, have become a high-anxiety trade of late. Sample the FT’s top stories for a week You select the topic, we deliver the news. Select topicSelect topicTop StoriesBrexitUS Election 2016China slowdownMillennial EconomyMarch of the RobotPlunging oil priceGlobal TerrorTech disruptionAdvertisingConnected Cars Enter email address Invalid email…
Decades ago – before I was a fund manager – I was the resident expert on tax avoidance working for the Australian Treasury. That was where I started to hone the accounting skills sometimes shown on this blog. I very rarely do anything in tax – but now I think it is time. The New…
Donald Trump is a master of the “I am rubber and you are glue” approach to political rhetoric, but at Sunday night’s presidential debate, he tried a novel variant on the strategy. After Anderson Cooper asked him point blank if he used his $916 million reported loss from his 1995 tax return to avoid income…