The US Has Passed Peak Savings
The US Has Passed Peak Savings The risks posed to the asset management industry by low-cost tracker funds, and Robo-advisers have been well documented, and while these risks should not be ignored, there’s an even larger threat to the industry…
Donald Trump Poses a Threat Unseen in American History
I have watched, listened to, and read many commentaries on the inaugural address but so far none of the mainstream pundits have used the one word that best identifies Donald Trump: fascist. The United States is not Weimar Germany. Our…
The One Thing We Can Never Let Ourselves Forget About Donald Trump
In this web exclusive, Bill Moyers and four historians dissect the big lie Trump rode to power: the Birther lie. Nell Painter, historian and Edwards Professor of American History, Emerita, at Princeton University; Khalil Gibran Muhammad, professor of history, race…
FINRA Seeks Comment on BD Blockchain Implementation
FINRA issued a report on Wednesday examining the uses and implications of distributed ledger technology in the securities industry. The paper provides an overview of distributed ledger technology, commonly called blockchain, and discusses the ways it could be used in…
Ransomware infection shutters St. Louis Public Library
Patrons were unable to borrow books throughout the entirety of the St. Louis Public Library System this week after its computers were sidelined by a ransomware infection. A “ransomware attack” took hold of the library system’s server late Wednesday or…
Kansas And Puerto Rico Show How Trump’s Tax Cuts Will Hurt Us
The business-oriented media are loudly proclaiming that president-“elect” Donald Trump’s proposed tax cuts for the rich and corporations will “boost” the economy. ? WSJ: Trump’s Proposed Tax Cuts Could Boost U.S. and Global Growth, Says World Bank ? CNBC: Trump…
Donald Trump could send America into repeat of 1929 stockmarket crash, says Nobel prize winner
Donald Trump could send America into repeat of 1929 stockmarket crash, says Nobel prize winner Buz Investors repeat of 1929 stockmarket America should brace for a final blow-off surge in stock markets akin to the last phase of the dotcom…
Net Neutrality Opponent Ajit Pai Expected To Lead FCC
President Donald Trump is expected to name current FCC Commissioner Ajit Pai as his pick to lead the Federal Communications Commission, Politico reports. As a Republican member of the FCC’s five-person commission, Pai has been a vocal opponent of telecommunications…
New From Trump University: Election Rigging 101
Donald Trump was right. The election was rigged. What Trump got wrong (and, boy, does he get things wrong) is that the rigging worked in his favor. The manipulations took three monumental forms: Russian cyber-sabotage; FBI meddling; and systematic Republican…
Income inequality and populism
Exactly a year ago, I wrote a column that said income inequality, not poverty, was the world’s biggest problem and, that inequality was getting worst. The gap between the rich and the poor was getting wider and would lead to…