The bill passed with bipartisan support, 258-159. The beneficiaries will be smaller banks that claim to have been unduly hampered by the bill: The bill stops far short of unwinding the toughened regulatory regime put in place to prevent the … Continue reading →
The war on Michael Cohen continues with the disclosure of some of his financial records: Michael Avenatti, Stormy Daniels’s attorney, published a memo last week that he said detailed Michael Cohen’s financial transactions… But questions arose about how Avenatti had … Continue reading →
Commenter and forecaster extraordinaire “Cornhead” (aka attorney David Begley) writes about a question-and-answer session with Warren Buffett that he attended: In response to another question Buffett said that while he spent his own money backing Hillary Clinton, it would have … Continue reading →
The true costs are mostly hidden: Let’s start with how much Canadians actually pay. The OECD arrives at its figures by the hopelessly simplistic method of dividing a nation’s total health care expenditure by its population. Thus, Canadians pay about … Continue reading →
It doesn’t surprise me. I never wanted to live in New York, although I grew up there and most of the people I knew wanted to stay there the rest of their lives—and have done so. Not me. I always … Continue reading →
Every year around this time I’m busy with my taxes. I like to joke that I may just be the person in the US with the highest ratio of tax complexity to income, because although I don’t make much money … Continue reading →
Recently there was a lot of talk about a study comparing the incomes in adulthood of black men and women to their white counterparts who grew up in similar economic circumstances. Here were the basic findings: …[B]lack boys are much … Continue reading →
“Work” in the sense of getting China to make a deal, that is? Perhaps: China is willing to hold talks with the United States to resolve their differences over trade, China’s foreign ministry said on Monday, as alarm grows over … Continue reading →
There’s been widespread condemnation of Trump’s tariffs and his trade war with China, and the stock market doesn’t seem to like the policy one bit—at least, so far: The threat of a global trade war continued to hang over the … Continue reading →
…but warns that he won’t do it next time. Do you believe him?
Continue reading →…is explained here. Nobody’s especially happy with it, many people on both sides are angry with it, and it will probably pass. The misgivings are bipartisan. House Democrats are reportedly threatening to not vote for the rule bringing the legislation … Continue reading →
…should be used against tech giants? See also this. [NOTE: The first link is to the Economist, which allows a limited number of free articles. The second is to the WSJ, which is behind a paywall that has become increasingly … Continue reading →