Economy

Facebook Face Plant

The stock market unfriended Facebook yesterday. Investors vaporized $119 billion of Facebook’s value – 20% of the company’s market cap. It was the biggest 24 hour stock sale  in history.
Facebook Face Plant
Founder Mark Zuckerber…

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Koch Brothers Abandon Trump

The Koch brothers have jumped ship. They’ve given millions to Republicans in the past but they say they’re more interested ideas than party. Daniel Henninger in the WSJ reports, “In an interview, Charles Koch said trade wars and prosperity were incompatible and that his organization’s financial support wouldn’t depend on party affiliation.” Donald Trump called Koch…

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Draining the Swamp

Trump’s draining the swamp by cutting  taxes and regulations. And now the economy is booming.

But he’s slapping tariffs on friends and foes alike. Friends can get exemptions. But to do that they have to hire lobbyists to work the bureaucratic maze.

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Main Street Meets Wall Street

The unemployment rate fell below 4% for the first time in 18 years. Good news for Main Street. But Wall Street’s not so sure. Main Street Meets Wall Street The Fed hit its 2% inflation target. Will it raise interest rates more? Is Trump starting a trade war? Who knows? Well, we do know he killed

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Driverless Cars Eliminate Human Error

A woman walking her bicycle was hit and killed by a driverless Uber.  So Uber and Toyota stopped testing driverless cars. But GM still says it will have a fleet sans drivers on the road in 2019. Human Error Meanwhile The Atlantic estimates driverless cars could save 300,000 lives per decade. Most vehicle accidents involve human

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