New York State

Perfect Example Of Why Job Losses From Minimum-Wage-Hikes Are Being Underestimated, 'Bigly'

Over the past several months, we've highlighted a number of economic studies analyzing the potential negative impact, in terms of job losses, that may be expected to result from the state-mandated minimum wage hikes that are currently being implemented around the country...that said, here are a couple of examples of why the issue may be much larger than anyone expects.

Preet Bharara Joins NYU School Of Law

Just ten days after the US Attorney for New York, Preet Bharara was fired by Donald Trump, prompting speculation if he was working on a probe of Trump himself when he was terminated and further speculation which employer would imminently retain Bharara's services, moments ago the former attorney gave the answer: he is joining the NYU School of Law.

When It Comes To Wall Street, Preet Bharara Is No Hero

The prominent U.S. attorney fired by Donald Trump this weekend has been justly acclaimed for his pursuit of political corruption. But his treatment of the Wall Street executives involved in the financial meltdown was far less confrontational.

50 Million Americans Brace For "Crippling Blizzard" In Northeast

A major Nor'easter threatens to shut down travel due to heavy snow and strong winds from Washington, D.C., to New York City and Boston early this week, as weather forecasters on Sunday put the U.S. East Coast on a blizzard watch, warning some 50 million people of potential snowfall from 12 to 18 inches, coupled with wind blasts in some areas from Monday night into Wednesday.

Frontrunning: February 14

  • Yellen to Face Questions on Trump’s Impact on Economy (WSJ)
  • Fed has limited view on Trump economic policies as Yellen heads to Congress (Reuters)
  • Oil rises as OPEC-led output cuts trim oversupply (Reuters)
  • Mnuchin’s G-20 Debut Clouded by Currency Chatter (BBG)
  • Israel’s Netanyahu Prepares for High-Stakes Talks With Trump (WSJ)
  • Peugeot Owner in Talks to Buy GM’s European Business (BBG)

Will Real Estate Investors Take Over Airbnb?

In only 8 years, Airbnb has become a $25 billion company. Co-founder Brian Chesky often talks about how anyone can turn extra space in their home into an asset that helps them pay their rent, but the economics of short term rental sites Airbnb and VRBO also appeal to people who do not live in the house or apartment they rent out. This increasingly includes professional real estate investors.

In A Free Market, No Profit Is "Excessive"

The jealousy of the common man looks upon the profits of the entrepreneurs as if they were totally used for consumption. A part of them is, of course, consumed; but what makes small business develop into big business is not spending, but saving and capital accumulation.

These Are Barclays' 13 Commodity "Black Swan Threats" For 2017

Beware the commodity "black swans" in 2017, at least according to Barclays. The British bank warns that raw materials markets from oil to metals face the a high likelihood of disruptions, which among, other include a default by Venezuela, riots in Chile, a trade war with China, more terrorism in Turkey, and even a Fukushima-type disaster in China.