Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
The Opinion Pages | Contributing Op-Ed Writer Those Who Don’t Understand Trump Are Doomed to Repeat Him close byline-meta close extended-byline close story-meta-footer close story-meta Photo Credit Travis Dove for The New York Times Conservatives are deeply split over the rise of Donald J. Trump. Some see it as apocalyptic; others as refreshing. But two…
The claim that if wages go up, jobs go down isn’t a description of reality at all. It is a negotiating strategy used by employers to keep wages down and profits high, writes billionaire venture capitalist and $15 minimum wage proponent Nick Hanauer. Photo by Brendan McDermid/Reuters Editor’s Note: This column is reproduced with permission…
A closer look at the yield curve on U.S. Treasurys — one of the more closely watched indicators of overall economic health Understanding the Yield Curve – WSJ.com. Source: Understanding the Yield Curve – WSJ.com
This week, the speculation over Trump’s financial status and slippery tax history may have finally been corroborated with the release of several pages of the Republican nominee’s 1995 tax returns to the New York Times. So far, the documents appear to be genuine, and they’ve led to exactly the unsavory implications we’ve been waiting for,…
Samsung’s disastrously defective new Galaxy Note 7 has wiped about $25 billion off its market value, with its stock falling almost 11% in trading on Friday and Monday. It’s the worst two-day fall for the Korean electronics giant since 2008, according to Bloomberg data. The blown launch of the Note 7, Samsung’s would-be iPhone competitor,…
For how long does Europe’s racist right need to “rise” before it is acknowledged that Europe is racist and this is not the by product of recent social discontent? Across Europe, the media narrative goes more or less like this: 9/11 happened and that brought out a wave of Islamophobia that was used by manipulative…
After weeks of virtual dormancy, a bona fide stock-market selloff took hold on Wall Street. Both the S&P 500 index SPX, -2.45% and the Dow Jones Industrial Average DJIA, -2.13% plunged below their 50-day moving averages, precipitated by a rout in equities and government bonds, like the 10-year Treasury note TMUBMUSD10Y, +4.91% on intensifying fears…
Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket. The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were…
The 2013 film “The Wolf of Wall Street” received harsh criticism for its depiction of women as two-dimensional trophy wives, money-grubbing secretaries who sleep with their bosses, and prostitutes and strippers who served as a backdrop to a group of drug-fueled man-child stock brokers. But Martin Scorsese’s depiction of Reagan-era excess in America’s financial capital,…
BRUSSELS/DUBLIN The European Commission ordered Apple Inc to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company’s tax treatment was in line with Irish and European Union law and they would…