Equifax said Tuesday that as a condition of Smith's retirement, he "irrevocably" forfeits any right to a bonus in 2017, an amount that under normal circumstances would have totaled more than $3 million--the bonus he received in 2016--according...
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Three former employees of antioxidant drink company Bai Brands, LLC have sued the company and its recently departed founder and CEO, Ben Weiss, for allegedly cheating them out of the fair market value of their ownership stakes in the company...
Japan is a global leader is how to gracefully manage stagnation.
Although our leadership is too polite to say it out loud, they've embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would...
Interesting look at where Americans go when they leave the nation permanently: :Our ranking of 65 destinations is based on how these countries were rated by their expat residents. For these...
So forgive us for asking, but after unprecedented expansion of banking reserves and the Fed balance sheet, with little inflation, is it really a "mystery?" Or, is it proof of what we believed all along: QE didn't work?... Back in 2008, even...
Supply on the low end is tight because during the housing crash investors large and small bought hundreds of thousands of foreclosed properties and turned them into rentals. There are currently 8 million more renter-occupied homes than there...
``The prospect of higher U.S. debt levels and expectations of a Fed hike sent 10-year Treasury yields to their highest since mid-July, with the 2-10 year yield curve steepening to its highest in a month. "The market had given up on the Trump...
Source: Bloomberg The question of how to invest under the threat of nuclear war keeps coming up from clients, the media, and others. Thinking about investing around an unthinkable outcome is...
My morning train reads: • Here are 19 random facts about Google on its 19th anniversary (Recode) see also The 5 biggest announcements from today’s Amazon hardware event (The Verge) • Why Ray Dalio...
Source: FRED Volume on new home sales remains far below what is has been previously: Do we spend more on new houses than we used to? It can feel like it, especially because houses have become...
Demographic Transition and Low U.S. Interest Rates Carlos Carvalho, Andrea Ferrero, and Fernanda Nechio FEDERAL RESERVE BANK OF SAN FRANCISCO, September 25, 2017 Interest rates have been...
Big businesses are getting even bigger thanks to a rise in corporate mergers. John Oliver explains why that could make you want to physically destroy your cable box. Corporate Consolidation:...
Experian Data Breach Has Consumers Flocking To Bureau's Website To Dispute Information
Too Much Wealth Chases Too Few Opportunities Prices will rise and all will seem fine, even as markets lay the groundwork for a crash. Bloomberg, September 27, 2017 The financial markets of...
``Lawrence Yun, NAR chief economist, says this summer's terribly low supply levels have officially drained all of the housing market's momentum over the past year.''
Madrid has also demanded that Catalonia's autonomous police force, the Mossos d'Esquadra, is made completely subordinate to Spain's Interior Ministry. Their first big job will be to prevent anyone from getting within 100 meters of a ballot box...
There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system.
One chart defines the 21st century economy and thus its socio-political system:...
What happens to the CEO of a major corporation that suffered what could prove to be the most extreme data breach in history? In the case of Equifax Inc. CEO Richard Smith, then he will leave the company with a $7.6 million bonus, Gadfly's...
``As has been leaked previously, the tax plan is anticipated to disclose a 35% individual tax rate (although Congress may push it higher), a tax rate on corporations and pass thrus that will be around 20% and 25% respectively, while doubling the...
The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council. Production is likely to plateau at best, before slowly declining as demand rises, especially given global political...
Source: How Much
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