Stocks were listless today after a pair of economic releases indicated a manufacturing slowdown in the U.S. and China.
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Americans punch the clock on the Time Use Survey
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Category Archives: Coral Springs Homes For Sale
A tax or not a tax, that is the question
~ Under the Affordable Care Act (ACA), individuals who choose not to buy health insurance in 2014 or after will need to make a “shared responsibility payment,” which is called a “penalty” in the ACA.
~ While I agree with most of the Court’s holdings, I do not agree with the finding that the penalty is a tax and is therefore constitutional.
~ In my opinion, the Supreme Court’s ruling on the ACA is unfortunate, as it could legitimize less transparency in legislating rather than more…. Continue at source:
Tablets and the next tech bubble
On the last day of the second quarter, the major indexes tracked global markets sharply higher today after a two-day summit in Brussels resulted in a plan to ease borrowing costs in Europe. The Dow rose 277 points, the Nasdaq gained 85, and the S&P 500 added 33. Twenty-nine of the Dow’s 30 components gained ground, with JPMorgan Chase (JPM) the sole laggard, slipping 0.42%. Volume was moderate, and advancers led decliners by about six to one on both the NYSE and the Nasdaq. The prices of Treasuries fell, while gold futures added 3.4% to $1,604.20 an ounce. Oil futures spiked 9.3% to $84.96 a barrel.
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How stable is cable? (podcast)
Video subscriptions to cable companies have stagnated. Yet, some cable companies have managed to deliver pleasant earnings surprises. And growth. That’s nice. How are they doing it, and what’s the opportunity for investors? Here to explain is Ann Miletti, managing director and lead portfolio manager with the Core Equity team at Wells Capital Management.
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Affordable Care Act: A crisis wasted?
In 2008, when President Obama was then president-elect, his chief of staff, Rahm Emanuel, famously said, “You never want a serious crisis to go to waste.” People on the right excoriated him for taking such a Machiavellian view of politics, but he had a good point. In fact, Franklin Delano Roosevelt used the pain of the Great Depression to transform the U.S. economy, and Ronald Reagan used extremely high unemployment in the 1980s to drive through tax reform in 1981. A crisis can often be a catalyst for significant change.
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