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  • #61
    Yellen sets high hurdle for reducing Fed's massive bond holdings

    Federal Reserve Chair Janet Yellen set a relatively high hurdle for shrinking the central bank’s balance sheet, leading some analysts to conclude that such a move won’t occur this year.

    She told the Senate Banking Committee on Tuesday that the Fed’s focus was on raising interest rates to keep the economy in balance, and not on reducing its holdings of bonds.

    Rates first need to reach sufficiently high levels that the Fed feels it has some room to cut them to offset a weakening economy. Only then would the central bank begin to shrink its $4.5 trillion balance sheet, she said.



    More: https://www.bloomberg.com/news/artic...-bond-holdings

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    • #62
      U.S. factory CEOs to Trump: Jobs exist; skills don’t

      WASHINGTON — President Donald Trump brought two dozen manufacturing CEOs to the White House on Thursday and declared their collective commitment to restoring factory jobs lost to foreign competition.

      Yet some of the CEOs suggested that there were still plenty of openings for U.S. factory jobs but too few qualified people to fill them. They urged the White House to support vocational training for the high-tech skills that today’s manufacturers increasingly require — a topic Trump has seldom addressed.



      More: https://www.washingtonpost.com/busin...=.1a29d6bcf669

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      • #63
        How to use Trump’s Travel Ban at business school

        Politics can be a thorn in the side of companies and universities. Bill Boulding, dean of Duke’s Fuqua School of Business, thinks he can use it to build better leaders.

        President Donald Trump is expected to sign a new executive order on travel to the U.S. soon, after an earlier one, which temporarily banned people from seven Muslim-majority nations, ended up in legal limbo. Boulding, who leads the No. 3 full-time U.S. MBA program on Bloomberg Businessweek’s ranking, thinks such a ban could put American business schools at risk of losing foreign talent.


        More: https://www.bloomberg.com/news/artic...usiness-school

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        • #64
          U.S. job growth rises briskly, wages continue to climb

          U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

          Nonfarm payrolls rose by 235,000 jobs last month as the construction sector recorded its largest gain in nearly 10 years due to unseasonably warm weather, the Labor Department said on Friday. The economy created 9,000 more jobs in December and January than previously reported.

          Fed Chair Janet Yellen signaled last week that the U.S. central bank would likely hike rates at its March 14-15 policy meeting. Job gains averaged 209,000 per month over the past three months.



          More: http://www.reuters.com/article/us-us...-idUSKBN16H0KA

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          • #65
            These 80 Programs Would Lose Federal Funding Under Trump’s Proposed Budget

            U.S. President Donald Trump’s first budget proposal includes massive cuts across most of the federal government. The Environmental Protection Agency and the Department of Agriculture face unprecedented discretionary funding cuts in excess of 25 percent, as Trump attempts to boost the military and national security.


            More:
            https://www.bloomberg.com/graphics/2017-trump-budget/

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            • #66
              Marijuana industry presses ahead in California’s wine country

              SANTA ROSA, Calif. — In the heart of Northern California’s wine country, a civil engineer turned marijuana entrepreneur is adding a new dimension to the art of matching fine wines with gourmet food: cannabis and wine pairing dinners.

              Sam Edwards, co-founder of the Sonoma Cannabis Company, charges diners $100 to $150 for a meal that experiments with everything from marijuana-leaf pesto sauce to sniffs of cannabis flowers paired with sips of a crisp Russian River chardonnay.



              More: https://www.nytimes.com/2017/03/18/u...e=sectionfront

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              • #67
                Why tax reform and tax cuts are not the same thing

                In hopes of moving quickly past their failed attempt at repealing Obamacare last week, Republicans and the White House have been talking about the next big thing they'll address: tax reform.

                But from the president on down, the term "tax reform" is often used interchangeably with "tax cuts."

                They are two very different things.
                Tax reform,which may include tax cuts, is harder to achieve and involves tough tradeoffs. Tax cuts, on their own and without many tradeoffs, don't qualify as reform and are a much easier sell.



                More: http://money.cnn.com/2017/03/27/news...hp-toplead-dom

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                • #68
                  U.S. Consumers increase spending at weakest pace in 6 months


                  U.S. consumers increased their spending at the weakest pace in six months, while the 12-month rise in consumer prices was the largest in nearly five years.


                  The Commerce Department says consumer spending edged up a tiny 0.1 percent in February following a 0.2 percent increase in January. The small gain supports the view of many economists that overall economic growth probably slowed in the first quarter.



                  More: http://www.foxbusiness.com/markets/2...-6-months.html

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                  • #69
                    Trump’s Tax Plan: Low rate for corporations and companies


                    President Trump plans to unveil a tax cut blueprint on Wednesday that would apply a vastly reduced, 15 percent business tax rate not only to corporations but also to companies that now pay taxes through the personal income tax code — from mom-and-pop businesses to his own real estate empire, according to several people briefed on the proposal.

                    The package would also increase the standard deduction for individuals, providing a modest cut for middle-income people and simplifying the process of filing tax returns, according to people briefed on its details. That proposal is opposed by home builders and real estate agents, who fear it would diminish the importance of the mortgage interest deduction. And it is likely to necessitate eliminating or curbing other popular deductions, a politically risky pursuit.


                    More: https://www.nytimes.com/2017/04/25/u...llection%2FThe Trump White House&action=click&contentCollection=Politics&modu le=Collection&region=Marginalia&src=me&version=new sevent&pgtype=article

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                    • #70
                      Coal country is back, along with signing bonuses and pay raises


                      Before dawn, a coal miner named Cameron Justice stopped at a gas station in Mingo County, West Virginia, grabbing two cans of Monster Energy drink before heading into the pits.

                      He could use the jolt. The barrel-chested 37-year-old works six shifts a week at the Ruby Energy mine in the heart of U.S. coal country. Last year, he was lucky to get four.

                      “We’re booming,” Justice said. “This is the biggest upswing I’ve seen in five years. Everyone’s excited.”


                      More: https://www.bloomberg.com/news/artic...aises-are-back

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                      • #71
                        U.S. trade deficit narrows as exports hit 2-1/2-year high


                        WASHINGTON (Reuters) - U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio.

                        The Labor Department said that nonfarm payrolls increased by 209,000 jobs last month amid broad gains. June's employment gain was revised up to 231,000 from the previously reported 222,000.



                        More: http://www.reuters.com/article/us-us...-idUSKBN1AK09W

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