NYC restaurant industry jobs evaporate after $15/hr wage sets in. Last December, the final phase of increasing the minimum wage in New York City to $15 per hour went into effect. (Well, at least the last stage for now.) It was considered a huge victory for the Fight for 15 crowd and, presumably, a big … Read more
On Monday, a federal judge dismissed a lawsuit filed by four states against the IRS, thwarting four blue states’ challenge against a new $10,000 cap on the deduction for state and local taxes, also known as SALT. Those states — New York, New Jersey, Connecticut and Maryland — sued the Treasury Department, Treasury Secretary Steven … Read more
by Xeven A President is the Chief diplomat of our nation. He was acting in official capacity during a scheduled official communication with the Ukrainian President. All conversations that occurred during that diplomatic event were not political. Campaigning, campaign were not mentioned. He was not acting in anyway to support a campaign which Biden is … Read more
by fuzzyaces WeWork has been all over the news lately and I thought it would be an interesting pause to actually take a deep dive into their financial statements to really dig in and see what made this another one of silicon valley’s unicorns. One comment at the outset is that I’m going to side-step … Read more
by takeasecond Data comes from here. Graph was made with R using ggplot2 & fiftystater packages.
Fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday after being hobbled by expensive leases, declining mall traffic, digital competition and fashion choices that fell flat. Forever 21 requested court protection from its creditors in a bid to stay in business. The family-owned company, which has about 32,800 employees, said it would close “most” of its … Read more
bullish https://t.co/E96Ux9afGH — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) September 30, 2019 MORGAN STANLEY: “.. the S&P 500 itself is a defensive asset because of its high quality/growth bias, GAAP accounting, and good liquidity. .. Yet, even with this inherent advantage, the S&P 500 has delivered subpar returns over the past 12 months with increasing volatility.” … Read more
Around 40% of investment-grade companies now have obligations that are more consistent with junk ratings, according to Morgan Stanley. — Lisa Abramowicz (@lisaabramowicz1) September 30, 2019 U.S. corporate debt loads reach highest level in a decade Rising liabilities could make it harder to navigate a downturn The great deleveraging that was supposed to sweep over … Read more
via omfif: Four key concerns for liquidity provision There are many plausible narratives that might explain the mid-September squeeze in the US overnight funding market, but they all come down to initiating a race to hoard cash. Essentially, at a certain point on Monday 16 September, somebody wanted to acquire one dollar more than the market … Read more
Will anyone be charged for fraud for turning a federal program into a political weapon? They have crossed the line. This needs investigating. Does the Senate have investigative powers like the House? The House needs oversight. This abuse and misuse of a federal program designed to protect citizens must be a crime? People must be … Read more
This time on companies whose CEOs earn “too much”: http://archive.is/5kyyf
In this cycle, consumer sentiment surveys have significantly overpredicted the US consumer spending growth. The chart below plots real PCE growth vs the Michigan consumer sentiment survey. The gap with the Conference Board Consumer Conf survey is even starker. pic.twitter.com/PyQMXnZgJN — Gaurav Saroliya (@GauravSaroliya) September 27, 2019
Scheer has reporter arrested for nothing. Today, We sent David “The Menzoid” Menzies to report from an Andrew Scheer campaign event. Like we normally do. h/t truthonthewind
By David Stockman A look below the headline numbers showed that export demand remained weak, with orders sliding for the 16th straight month, an ominous sign for China’s export-heavy economy.
This article was written by Matt Agorist and originally published at Free Thought Project On September 11, 2015, journalist and police accountability activist Michael Picard was illegally detained for lawfully open carrying and filming police on public property. During the illegal detainment, Connecticut state troopers confiscated his gun and his camera. However, the trooper who took the phone … Read more
from Financial Survival Network Charles Nenner has been calling for higher gold/precious metals prices for a while now. The market has finally caught up with his forecast. Gold will start rising again next year and eventually hit the $2500 mark. Look for a much more volatile VIX index, lower energy and food prices and a hastening of … Read more
by Steez-n-Treez Bring back the money. Bring home the troops. Can’t give money to corrupt governments year over year and expect positive results. The People need to regain power for their own sake
by User_Name13 Debt is a weapon used by the moneyed elite as a weapon against the poor. The dizzying rise in the cost of college is the only thing allowing the US military to meet its recruitment goals and the military itself has been experiencing an epidemic of suicide among its veterans since the … Read more
by howmuch In an age of “unicorn” companies, which are private companies with billion-dollar valuations, and even trillion dollar companies, it can be difficult to mentally comprehendimportant financial metrics due to their enormity. Worldwide corporate profits are certainly one such measure, with many companies clearing hundreds of billions of dollars annually. 70 companies around the world earn over $1 … Read more
