Category Archives: Business

Emerging Markets’ Oil Shock is Here

Brent crude recently hit $85 a barrel on its way higher, possibly towards $100, a level some analysts expect by the end of the year. Although it is still a long way from the 2008 record of $147.50, prices in emerging market currencies, which have strongly devalued against the US dollar, are already exceeding the […]

What Happened to America’s Middle-class?

Alissa Quart, author of the new book, Squeezed: Why Our Families Can’t Afford America, suggests that America’s middle class is being wiped out by a cost of living that far outpaces salary increases.   A couple earning nearly $140,000 can’t make ends meet without taking after hours jobs? Tiny starter houses cost $680,000 and up? Highly educated […]

Community Rallies Behind Teen’s Hot Dog Stand for School Clothes

Minneapolis Officials Help Teen Get Permits for Hot Dog Stand How many times have we read about a story in which children tried to experiment with a lemon aid or hot dog stand that was closed down quickly and emotionlessly by cranky neighbors and overzealous city authorities? Sadly, it seems to happen a lot, making […]

Dalio: Odds increasing for wars

Ray Dalio, Bridgewater Associates founder, recently posted that he is becoming more pessimistic about economic relations between the U.S. and China. Dalio wrote that current geopolitical developments cause him to believe that the probability of trade and other types of wars has increased substantially.   Source: Dalio: Odds increasing for trade wars and ‘possibly even shooting […]

Bitcoin Or the U.S. Dollar: Will the Real Bubble Please Stand?

  Over the past year, much of the growing buzz in finance circles concerning the explosive growth of cryptocurrencies, Bitcoin in particular, has focused on the question of whether they are fairly-priced, revolutionary digital assets or simply newfangled speculative bubbles. Recently, many are asking if the bubble-like characteristics of cryptocurrencies result less from speculative manipulation […]

Wealthy Elite Beg Republicans For Higher Taxes?

Since when do people complain about not paying enough taxes? Since a group of about 400 wealthy corporate executives and professionals found solidarity in concluding that wealth inequality in the country has been stretched to the limits and that any further advantages bestowed upon them through Trump’s Tax plan would only exacerbate the problem. Instead, […]