Archive for May, 2017

Top 20 Percent Of Americans 'Hoard The American Dream'

May 31st, 2017

Top 20 Percent Of Americans 'Hoard The American Dream'
Richard Reeves, a senior fellow at the Brookings Institution, argues that the top 20 percent of Americans – those with six-figure incomes and above — dominate the best schools, live in the best-located homes and pass on the best futures to their kids.

Steve Inskeep speaks with Richard V. Reeves, author of the book Dream Hoarders, which argues that the wealthiest 20 percent of Americans unfairly grab opportunities for themselves and their children.

(Image credit: Malte Mueller/Getty Images)


Source
Economy : NPR

Spicer tussles with reporters after Trump’s foreign trip

May 31st, 2017

Spicer tussles with reporters after Trump’s foreign trip

Spicer tussles with reporters after Trump’s foreign tripDespite the condemnation of anonymous sources, Trump’s White House frequently puts out its own information anonymously or attributed to senior officials.

Source
Yahoo News – Latest News & Headlines

Wild swings, lack of liquidity keeping U.S. funds out of bitcoin

May 31st, 2017

Wild swings, lack of liquidity keeping U.S. funds out of bitcoin
NEW YORK (Reuters) – A lack of liquidity is keeping U.S.-based mutual fund managers from investing in bitcoin even as the digital currency hits record highs.

Source
Reuters: Money

Your Money: Creative caregiving solutions for the 'sandwich generation'

May 31st, 2017

Your Money: Creative caregiving solutions for the 'sandwich generation'
NEW YORK (Reuters) – Stretched thin by the needs of your children and your elderly parents? Try this “sandwich generation” solution: Move your young adults in with their grandparents and let them…

Source
Reuters: Money

Q&A: Cyclical stocks set to boost Wall Street rally: Richard Bernstein

May 31st, 2017

Q&A: Cyclical stocks set to boost Wall Street rally: Richard Bernstein
NEW YORK (Reuters) – Wall Street’s rally is not nearly done, with cyclical stocks set to ride higher even as hopes dim that America’s government can deliver business-friendly economic reforms, U.S….

Source
Reuters: Money

CNN fires Kathy Griffin

May 31st, 2017

CNN fires Kathy Griffin
Kathy Griffin will not be back as co-host of CNN’s annual New Year’s Eve program, the network announced Wednesday.
Source
Latest financial news – CNNMoney.com

Breakingviews TV: Zuckerberg bound?

May 31st, 2017

Breakingviews TV: Zuckerberg bound?
A Facebook investor wants the company to have an independent chairman. Jen Saba and Tom Buerkle discuss why the idea is a good one even if boss Mark Zuckerberg seems likely to vote it down.

Source
Reuters Video: Business

Chinese Activists Detained After Investigating Factory Making Ivanka Trump Shoes

May 31st, 2017

Chinese Activists Detained After Investigating Factory Making Ivanka Trump Shoes
Equipment at a Huajian shoe factory in China

Two Chinese labor activists are missing, presumed to be detained by police. Another has been arrested. They were working undercover to document alleged labor abuses.

(Image credit: Greg Baker/AFP/Getty Images)


Source
Business : NPR

Congress can't ignore the debt ceiling for much longer

May 31st, 2017

Congress can't ignore the debt ceiling for much longer
For all the headaches on Capitol Hill over Obamacare, tax reform, 2018 budget proposals and the Russia investigations, there is one issue that lawmakers simply can’t afford to ignore much longer: Congress must raise or suspend the debt ceiling this year.
Source
Latest financial news – CNNMoney.com

Exxon loses key climate change battle

May 31st, 2017

Exxon loses key climate change battle
ExxonMobil just lost a critical climate change battle even as the fate of the Paris accord remains in serious doubt.
Source
Latest financial news – CNNMoney.com