It's OK to Love Banks Again
It only took a decade but it's officially OK to fall for U.S. banks again. Consumers feel good. Business leaders feel good. And interest rates are finally not zero -- in fact, they may get an extra lift from President-elect Donald Trump, should his policies boost economic growth as everyone seems to be expecting. The impact was tangible in fourth-quarter results released Friday by JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co., validating the industry's post-presidential elec..>> view originalGoodbye, American Apparel
It’s finally over for American Apparel, the trendy turned-scandal plagued clothing brand whose first store opened in 1997. On Thursday, a bankruptcy court in Delaware approved an $88 million sale of the brand’s intellectual property and manufacturing equipment to Gildan, a Canadian apparel company that focuses on wholesale. Gildan will pay an additional $15 million to acquire American Apparel’s purchase orders and inventory, effectively giving the buyer all the tools it needs to launch a new c..>> view originalIRS opens filing season Jan. 23 - Las Cruces Sun
Sun-News Reports , . 1:02 a.m. MT Jan. 14, 2017 The IRS will begin accepting tax returns Jan. 23.(Photo: Courtesy)The Internal Revenue Service and partners from the states and tax industry today reminded taxpayers that the nation’s 2017 individual income tax filing season opens Jan. 23.The IRS expects more than 153 million tax returns to be filed this year and taxpayers have until Tuesday, April 18, 2017, to file their 2016 tax returns and pay any tax due. The deadline is e..>> view originalCalifornia's bullet train plans? Not so fast
Good morning. It is Saturday, Jan. 14. Here’s what you don’t want to miss this weekend:TOP STORIES Bullet train woes: More troubling news about California’s bullet train. The project could cost taxpayers 50% more than estimated — as much as $3.6 billion more. And that’s just for the first 118 miles through the Central Valley, which was supposed to be the easiest part of the route between Los Angeles and San Francisco. A federal document outlines far-reaching management problems: significant de..>> view originalWeekend Roundup: Davos Elites Look To China's Global Role As America Steps Back
A new rift in world affairs appears to be opening up: a division between pro-globalization Asia, with China in the lead, and the transatlantic nations that have turned against globalization. “President Xi’s appearance at the World Economic Forum in Davos next week,” I write in a blog post this week, “comes at both an auspicious and inauspicious moment. It is an auspicious moment because President-elect Donald Trump has all but announced America’s withdrawal from the world it has largely made o..>> view originalLady Liberty is 'modeled after our society's continued evolution.' In this new coin, she is black.
(Photo courtesy of the U.S. Mint) On one side of the new $100 gold coin from the U.S. Mint is the image of an eagle in flight, “with eyes toward opportunity and a determination to attain it,” a news release on the coin states. On the other side, there is the depiction of Liberty. And this time, she is an African American. “Lady Liberty, as depicted in coinage throughout the years, is modeled after our society’s continued evolution,” Elisa Basnight, U.S. Mint chief of staff, said during an ev..>> view originalDon's Johns a Name Not Quite Right for This Inauguration Day
WASHINGTON — It's the great port-a-potty cover-up for President-elect Donald Trump's inauguration.Workers preparing for the inauguration Jan. 20 have taped over the name of the company — "Don's Johns" — that has long supplied portable restrooms for major outdoor events in the nation's capital.Virginia-based Don's Johns calls itself the Washington area's top provider of portable toilet rentals. But the name apparently strikes too close to home for organizers of the inauguration of Donald John T..>> view originalMillennials Earn 20% Less Than Boomers - Not As Important As You Might Think
We have another of those reports which shows us that everything is going to the dogs and after us the deluge. In this case it's that millennials earn some 20% less than boomers did at the same stage of life. They also have a significantly lower net worth, level of wealth. It's quite true that these are not exactly desirable outcomes but they're not as much worry as some seem to think. Much of this can be explained by changes in the way life works now rather than everyone actually being poorer. S..>> view original10 Frequently Asked 401k Questions
The 401(k) is the most common type of defined-contribution retirement plan for U.S. workers. However, these plans aren't well-understood by most people -- even the millions of Americans who participate in them. To help workers make the most of these powerful retirement saving tools, here are the answers to 10 common 401(k) questions. Image Source: Getty Images. 1. Can I use my money before I retire? It depends. The bad news is that some well-known exemptions to the early-withdrawal penalties, ..>> view originalTrump's CEO Meetings Raise Ethics Questions
Green equated the meetings to a 2016 campaign controversy: Bill Clinton's conversation with Attorney General Loretta Lynch on the Phoenix airport tarmac at a time when the Justice Department was looking into Hillary Clinton's use of a private email server. "If the conversation is private, it will raise questions and suspicions," Green said.Part of the challenge is not knowing what was precisely said at the meetings."We don't know really what they were discussing, what Trump's response was to th..>> view original
Thursday, March 30, 2017
It's OK to Love Banks Again and other top stories.
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