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U.S. government shutdown to crimp growth, recession risk steady - Reuters poll

U.S. economic growth will take a hit this quarter from the longest-ever government shutdown, keeping the Federal Reserve on the sidelines until at least its April 30-May 1 meeting, a Reuters poll of economists showed.
Tags: Money, businessNews, Federal Reserve, Reuters


Texans incarcerated thousands of years over traffic-ticket debt

In 2018, according to Office of Court Administration data, 524,628 people satisfied Class C misdemeanor fines and fees through jail credit. By contrast, despite legislation passed in 2017 to make it easier for judges to waive fines and provide community service options, only 53,773 people had their fines waived for indigency in 2018, and 97,260 avoided fines with partial or full credit for community service. So more than three times as many people last year sat out their fines in jail compa...
Tags: Texas, Law, Federal Reserve, OCA, Gritsforbreakfast, Office of Court Administration


VCs give us their predictions for startups and tech in Southeast Asia in 2019

The new year is well underway and, before January is out, we polled VCs in Southeast Asia to get their thoughts on what to expect in 2019. The number of VCs in the region has increased massively in recent years, in no small part due to forecasts of growth in the tech space as internet access continues to shoot up among Southeast Asia’s cumulative population of more than 600 million consumers. There are other factors, including economic growth and emerging middle classes, but with more than 3.8 m...
Tags: Food, Fundings & Exits, TC, Uber, Asia, Indonesia, China, Southeast Asia, Singapore, India, Funding, US, Tech, E-commerce, Sea, Artificial Intelligence


Retirees Face New Challenge: Mounting Student Debt

Retirees will continue to face financial difficulties over the course of 2019, stemming from perennial problems like pensions, personal finances, social security benefits and even leftover debt from student loans. This is according to a column at MarketWatch examining the current state of the financial landscape for retirees, and accompanying data from the Federal Reserve and Consumer Financial Protection Bureau (CFPB). On top of many retirees not having saved enough in retirement, longtime f...
Tags: New York, Featured, Retirement, Finance, Data, Social Security, Federal Reserve, Marketwatch, CFPB, New School, COLA, Schwartz Center for Economic Policy Analysis


Democrats start to throw their hats, not their ideas, into the ring

“… political campaigns are designed by the same people who sell toothpaste and cars.” – Noam Chomsky As you Democrats load up your clown car for the three-ring circus we call the presidential primaries, the key is to differentiate yourself. Trump did it with the 17 RINO clones against whom he ran. The key for liberals is to take social stands on things about which no one cares — fashionable worries like the plight of illegal immigrants, global warming, toxic masculinity and abolishing the Electo...
Tags: Hollywood, Obama, Opinion, Elizabeth Warren, Sport, Cnn, Soccer, Hawaii, PAC, Hud, Nevada, Lausd, Batman, Federal Reserve, Donald Trump, Kirsten Gillibrand


Audit the Federal Reserve

President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning President Trump would have to fire Powell if Trump was serious about removing him. The law creating the Federal Reserve gives the president power to r...
Tags: Congress, Opinion, Senate, US, Sport, Soccer, House Of Representatives, Treasury, Ron Paul, Federal Reserve, Trump, Fed, Carter, PAUL R KY, Powell, Lyndon Johnson


3 Ways to Improve Your Financial Situation in the New Year

Making a commitment to improving your finances in the new year is a smart move. Creating financial goals and sticking to them requires not only a roadmap of where you would like to see yourself financially but also extreme discipline. Making goals to improve your finances is one thing, but actually resolving to make them happen is equally important. Trying to improve your financial situation is confusing and overwhelming if you are unsure of where to begin, so let’s take a look at three ways tha...
Tags: Finance, Sales, Federal Reserve, Don, Eliminate Credit Card Debt Credit


Fed policymakers leave little doubt - Rate hikes can wait

"Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.
Tags: Money, businessNews, Federal Reserve, Fed


Proposed carbon tax plan would return proceeds to people once goals are met

A bipartisan group of renowned economists has proposed the U.S. implement a carbon tax.The tax would increase until climate goals are met, and all proceeds would be given back to the people in equal lump-sums.Recent research suggests that a majority of people would support a carbon tax policy that redistributes proceeds back to citizens. None A bipartisan group of renowned economists has a plan to help the U.S. cut its emissions and help stop rising global temperatures: Implement a carbon tax th...
Tags: Climate Change, Government, White House, Economics, Policy, Canada, United States, United Kingdom, Innovation, Switzerland, Federal Reserve, Wall Street Journal, Australia India South Africa


Manufacturing surge pushes industrial production up 0.3 pct

WASHINGTON (AP) — U.S. industrial production increased 0.3 percent in December, led by the biggest surge in manufacturing in ten months.The Federal Reserve said Friday that that manufacturing output jumped 1.1 percent last month,... [Author: [email protected]]
Tags: Business, Washington, Ap, Federal Reserve


400,000 fewer young people are buying homes due to student debt

The rise in student debt – which more than doubled from 2005 to 2014 – has resulted in 400,000 fewer young people owning a home.
Tags: Data, Radio, Federal Reserve, Student Debt, Markets & Economy, Select, News Brief, Eric Belsky, Millenial Homebuyers


Analysis: Trading operations stung banks in fourth quarter but dovish Fed fuels hope

Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now.
Tags: Money, businessNews, Federal Reserve, Fed


New research confirms US Fed right to hold news conferences after every meeting

A policy intended to increase transparency at the US Federal Reserve may have done the opposite, setting markets up for unnecessary surprises, says a new study from the University of Toronto.
Tags: US, Federal Reserve, US Fed


Fed survey finds businesses worried by political uncertainty

WASHINGTON (AP) — The Federal Reserve says business contacts in many regions of the country expressed less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the country, the Fed says that eight of its 12 regions reported […]
Tags: Business, News, Washington, Ap, Federal Reserve, Fed


Weak U.S. producer prices support tame inflation picture

U.S. producer prices dropped by the most in more than two years in December as the cost of energy products and trade services fell, adding to signs of tame inflation that may allow the Federal Reserve to be patient about raising interest rates this year.
Tags: Money, businessNews, Federal Reserve


U.S. producer prices post biggest drop in over two years

U.S. producer prices fell by the most in more than two years in December amid declines in the costs of energy products and trade services, adding to signs of tame inflation that could allow the Federal Reserve to be patient about raising interest rates this year.
Tags: Money, businessNews, Federal Reserve


Cold, hard safety blanket: Cash rules as stocks, bonds waver

NEW YORK (AP) — Suddenly, cash is king again. For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying interest that came close to approaching inflation. This […]
Tags: Business, New York, News, Ap, Nation, Federal Reserve


Cold, hard safety blanket: Cash rules as stocks, bonds waver

NEW YORK (AP) — Suddenly, cash is king again.For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times... [Author: [email protected]]
Tags: Business, New York, Ap, Federal Reserve


Federal campaign finance reform helps special interests

One of the new Democratic House majority’s top priorities is so-called campaign finance reform legislation. Contrary to the claims of its supporters, campaign finance reform legislation does not limit the influence of powerful special interests. Instead, it violates the First Amendment and burdens those seeking real change in government. The First Amendment of the Constitution forbids Congress from interfering in any way with any citizen’s ability to influence government policies. Spending money...
Tags: Supreme Court, Congress, California, Opinion, Alabama, America, Sport, Soccer, House, House Of Representatives, Lausd, Ron Paul, National Organization For Marriage, Federal Reserve, Naacp, Irs


Powell sought fast end in 2013 to Fed's bond-buying program

Federal Reserve Chairman Jerome Powell, in his early days on the U.S. central bank's board of governors, argued frequently and forcefully for an end to the bond purchases undertaken to support the recovery from the financial crisis, transcripts of policy meetings from 2013 released on Friday showed.
Tags: Money, businessNews, Federal Reserve, Fed, Powell, Jerome Powell


Netflix investors are 'as blind as Bird Box,' Citron Research says (NFLX)

Netflix posted strong third-quarter earnings and subscriber growth on October 16, but shares tanked more than 36% over the following two months as the broader tech sector came under pressure. After bottoming at $231.23 in late December, Netflix shares have surged by more than 45%. The company's recent rebound is overreacted in the eyes of short seller Andrew Left. Netflix's market-capitalization gain over the past 12 days equals 12 DreamWorks Animations, 12 Lionsgates, 10 Rokus, or 5 Hulus, ...
Tags: Trends, Netflix, Ubs, Dreamworks, Sandra Bullock, Federal Reserve, Blackrock, Bernstein, NFLX, Citron Research, Andrew Left, Todd Juenger, Watch Netflix, Travis Clark, Bird Box, Bird Box Citron Research


Fed officials feared adverse market reaction in 2013

WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from... [Author: [email protected]]
Tags: Business, Washington, Ap, Federal Reserve, Fed


Cheaper gasoline weighs on U.S. consumer prices in December

U.S. consumer prices fell for the first time in nine months in December amid a plunge in gasoline prices, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily. This likely supports recent statements by Federal Reserve officials pledging patience in raising interest rates this year. "The Fed will take this as further proof that price pressures are building more slowly than some have feared based on the strong growth of late and tight labor market...
Tags: Science, Federal Reserve, The Fed, James McCann, Aberdeen Standard Investments


US recession risk hits 6-year high amid trade war, shutdown

By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter,...
Tags: Business, News, China, US, Bloomberg, Sport, Economy, Soccer, Deutsche Bank, Federal Reserve, Disneyland, Donald Trump, Southern California, Macy, Kohl, Ryan


Wall Street opens lower after five-day surge

U.S. stocks fell at the open on Friday after rallying for the past five sessions on hopes of a resolution in the U.S.-China trade dispute and assurances from the Federal Reserve that it would be patient on interest rate hikes.
Tags: Money, China, businessNews, Federal Reserve


Why A Stellar Unemployment Report Isn't Always A Good Thing

Federal Reserve Chairman Jay Powell and his two predecessors talk about the latest job report, and why they are not too worried about inflation — despite of what the Phillips Curve may predict.
Tags: News, Federal Reserve, Jay Powell


Investors plough billions into stocks, bonds and EM assets as risk appetite returns: BAML

Global investors ploughed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.
Tags: Money, businessNews, Federal Reserve


Investors plough billions into stocks, bonds and EM assets as risk appetite returns

Global investors ploughed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chair Jerome Powell.
Tags: Money, businessNews, Federal Reserve


Global stocks mixed on Fed restraint, US-China trade hopes

SINGAPORE (AP) — Global markets were mixed Friday as investors cheered the Federal Reserve's more restrained stance and opted to view this week's U.S.-China trade talks in a positive light.KEEPING SCORE: In Europe, Germany's DAX... [Author: [email protected]]
Tags: Business, China, Singapore, Global, Ap, Federal Reserve, Fed, US China, Europe Germany


Global stocks rise on Fed restraint, US-China trade hopes

SINGAPORE (AP) — Global markets were mostly higher on Friday as investors cheered the Federal Reserve's more restrained stance and opt to view this week's U.S.-China trade talks in a positive light.KEEPING SCORE: In Europe, Germany's... [Author: [email protected]]
Tags: Business, China, Singapore, Global, Ap, Federal Reserve, Fed, US China, Europe Germany