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Zero Hedge On a Long Enough Timeline, the Survival Rate for Everyone Drops to Zero- How Seattle's New Tax To Fight Homelessness Could Ruin Its Economy May 20, 2018Authored by Travis Brown, op-ed via MSN.com, In a shortsighted effort to fight homelessness, Seattle’s city council has approved a new employee “head tax” on companies based in the city. The policy pits growth and progress against each other in a zero-sum game that will do far more harm than good. The head tax is exactly what it sounds like: a straight levy […]Tyler Durden
- Trump Demands DOJ Surrender Documents On FBI Campaign "Infiltrator" To Congress May 20, 2018President Trump has called for the DOJ to "release or review" a cache of documents that will allow Congressional investigators to get to the bottom of revelations that the FBI sent an informant to infiltrate the Trump campaign. That informant, identified as 73-year-old University of Cambridge professor Stefan Halper, a U.S. citizen living in London […]Tyler Durden
- Hunger Hoaxes Hinder Food-Stamp Reform May 20, 2018Authored by James Bovard, op-ed via The Hill, The Trump administration is pushing radical changes in the food stamp program as part of the farm bill. Reform efforts may be derailed by activists who vastly exaggerate hunger and portray food handouts as the epitome of social justice. But federal food handouts have already done far too much damage to Americans’ […]Tyler Durden
- Mnuchin: US-China Trade War "On Hold", But NAFTA Still "Far Apart" May 20, 2018In what looks to us like confirmation that the US has officially kicked the can down the road, Treasury Secretary Steven Mnuchin said Sunday that China and the US were putting a trade war "on hold" as the two sides work to hammer out a comprehensive trade agreement that will be acceptable to both sides. Mnuchin, who was in Beijing last week for tra […]Tyler Durden
- Italy Is Forming The Epicenter Of The EU's Fateful Shift May 20, 2018Authored by Tom Luongo, Clarity is here in Italian coalition talks. And the markets hate what they see. So does Brussels. Five-year Italian debt blew out over 1%, CDS spreads have moved over 20 basis points in a week. The markets are trying to scare these outsiders now in charge in Italy to soften their stances on reform and maintain a status quo which is […]Tyler Durden
- How Seattle's New Tax To Fight Homelessness Could Ruin Its Economy May 20, 2018
- Business Insider
- Oil hit $80 but OPEC isn't about to start ramping up production May 20, 2018AP/Karim Kadim Despite rising oil prices, OPEC has yet to decide to wind down production cuts. Saudi Arabia in particular is said to be looking fo a $80 barrel or more price first in order to balance its budget. The countries will meet on June 22 to discuss the state of the oil market. Watch Oil trade in real-time here. OPEC is not in a rush to start win […]
- America's biggest companies keep sounding the alarm on an overlooked fear that could crush profits May 20, 2018Wikimedia Commons Companies in the S&P 500 raised similar concerns over a major market headwind during first-quarter earnings calls. Goldman Sachs followed the calls and compiled multiple examples of rising corporate fear around the swelling pressure point. If you've forgotten to keep an eye on wage inflation, you can hardly be blamed. After all, th […]Business Insider
- Where the government has failed them, Puerto Ricans are taking hurricane recovery into their own hands May 20, 2018Carlos Giusti/AP Hurricane Maria and Hurricane Irma damaged much of Puerto Rico last September — winds felled trees, cut off water supplies, and left the island without power. Tens of thousands of families are still without electricity, and studying by candlelight and using generators for every day tasks has become a lifestyle. Yet, across the island, hundre […]
- Key strategies digital wallet providers can implement to break from disappointing growth May 20, 2018BI IntelligenceThis is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. In the US, the in-store mobile wallet space is becoming increasingly crowded. Most customers have an option provided by their smartphone vendor, like Apple, […]Jaime Toplin
- 17 cheap and effective skin care products under $25 we swear by in our everyday lives May 20, 2018The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Skin care can be a sensitive topic. Everyone has different concerns, but ultimately, we all have the same goal of feeling and looking good in our own skin. The truth is, despite all the magazin […]Sally Kaplan
- Oil hit $80 but OPEC isn't about to start ramping up production May 20, 2018
- Naked Capitalism
- Payday Lending Rule Survives…For Now May 20, 2018Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.Jerri-Lynn Scofield
- Links 5/20/18 May 20, 2018 Jerri-Lynn Scofield
- Bill Black: Trump Admin Halts Investigation of For-Profit Colleges May 20, 2018Bill Black discusses Education Secretary Betsy DeVos’s decision to stop investigating for-profit colleges and educational institutions for fraudulent practices.Jerri-Lynn Scofield
- Don’t Miss the Saturday June 2 NYC Meetup with Lambert May 19, 2018Be sure to catch Lambert at our June 2 meetup on one of his rare visits to NYC.Yves Smith
- Links 5/19/18 May 19, 2018 Yves Smith
- Payday Lending Rule Survives…For Now May 20, 2018
- The Big Picture
- Transcript: Steve Murray, Revolution Growth May 20, 2018The transcript from this week’s MIB: Steve Murray, Revolution Growth is below. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Soundcloud. Our earlier podcasts can all be found on iTunes, Soundcloud, Overcast and Bloomberg. ~~~ ANNOUNCER: Masters in Business is sponsored by Harvard Business Sc […]Barry Ritholtz
- 10 Sunday Reads May 20, 2018My easy like Sunday morning reads: • How Much Money Do You Need to Be Wealthy in America? (Bloomberg) • What Exactly Happened to David Einhorn? (Institutional Investor) • 22 Rules for Creating Work That Stands the Test of Time (Thought Catalog) • 14 Secrets of Costco Employees (Mental Floss) • How The ACORN Scandal Seeded Today’s Nightmare Politics (Huffingt […]Barry Ritholtz
- Ronno: The Mick Ronson Story May 20, 2018Beside Bowie: The Mick Ronson Story, currently streaming on Hulu. Beside Bowie: The Mick Ronson Story Trailer #1 (2017) Source: Rolling Stone See also: Stardust ‘The Rise and Fall of Ziggy Stardust and the Spiders from Mars’ is arguably the most influential albums in the mind-blowing career of David Bowie. Released… Read More The post Ronno: The Mick […]Barry Ritholtz
- MIB: Steve Murray, Revolution Growth May 19, 2018This week we sit down with Steve Murray, a managing partner at Revolution Growth, founded by Steve Case (AOL), Ted Leonsis (Washington Capitals, Washington Wizards), and Donn Davis (Exclusive Resorts). Murray boasts more than 25 years of experience in the technology start up space, including in Fin Tech (not to be confused with infant tech). He joined… Read […]Barry Ritholtz
- 10 Weekend Reads May 19, 2018The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat by the window, and get ready for our longer form weekend reads: • Jack Bogle’s Battle (Barron’s) • The Last Days of the Blue-Blood Harvest (The Atlantic) • Dimensional Fund Advisors Grapples With Its Future (Institutional Investor) • Rocketmen: The Space Barons: Elon Musk, Jeff Bezo […]Barry Ritholtz
- Transcript: Steve Murray, Revolution Growth May 20, 2018
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