Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
ECB QE launch boosts European debt, stocks and pummels euro By Marius Zaharia LONDON Thu Jan 22, 2015 3:26pm GMT A trader reacts in front of the German DAX Index board at the Frankfurt stock exchange January 22, 2015. Credit: Reuters/Ralph Orlowski LONDON (Reuters) – European government borrowing rates plummeted to record lows, the…
Three-year-old Saria Amaya waits with her mother after receiving shoes and school supplies during a charity event in October to help more than 4,000 underprivileged children at the Fred Jordan Mission in the Skid Row area of Los Angeles. Children from low-income families now make up a majority of public school students in the nation,…
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Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s all about. Switzerland has a long reputation for having an incredibly stable financial system (everyone knows about…
Photo A convention for fast-food workers last July in Addison, Ill., called for higher minimum wages. Credit Nathan Weber for The New York Times close shareTools All eyes are on wages. For workers who have faced six years of stagnant pay, Federal Reserve officials trying to decide when they can safely raise interest rates, or…
The Swiss National Bank’s shock move today to stop intervening in the foreign exchange market all but guarantees the European Central Bank will finally introduce quantitative easing when it meets Jan. 22. Switzerland is surrendering before a wave of post-QE money fleeing the euro threatens to make a mockery of its currency policy. It’s also…
Who Pays? 5th Edition Read the Report in PDF Contents: Executive Summary Introduction The 10 Most Regressive State & Local Tax Systems The Least Regressive State & Local Tax Systems The Kind of Tax Matters Income Taxes Sales & Excise Taxes Property Taxes Low Taxes or Just Regressive Taxes? The Economic Case for Tax Fairness…
The two hundred and twenty million dollars in venture capital given to Instacart, a grocery delivery service that deploys human servants to retrieve goods from the shelves of existing grocery stores, seems less like an investment in the validity of its specific idea—which is stupid and unsustainable for reasons so blatant that they are not…
Tax reformers’ hope springs eternal, but don’t bet on a big tax deal in 2015 or 2016. Don’t bet on a medium-sized one either. The parties are too far apart to enact a sweeping reform of the U.S. tax code that includes the personal-income tax. Most Republicans want fewer tax breaks, lower rates and especially…
article start Seven years after the recession began, only one in 50 U.S. counties has fully bounced back, according to a study the National Association of Counties released Monday. The 2014 County Economic Tracker shows that 65 of the nation’s 3,069 counties have met or surpassed prerecession levels in four measured categories: jobs, unemployment rate,…