Price Rises Wouldn't Be Bad for Fed [Financial Analysis and Commentary] Inflation is dead, at least for now, and that is making life more difficult for the Federal Reserve. By all rights inflation should be accelerating, driven by a tight job market strengthening further, a big stimulus hitting the economy and a weak dollar. But it isn't. The Labor Department on Tuesday reported consumer prices rose 0.2% in February from a month earlier, putting them 2.2% higher than a year ago. Prices excluding food and
On Sunday the National Collegiate Athletic Association announced the 68 men's basketball teams that made it into this year's Division I tournament. On April 2 in San Antonio, one team will emerge as national champs.In theory, that is. In reality, today's NCAA guarantees the game is never over no matter how the score turns out.In Orwell's "1984," Winston Smith throws news articles into the memory hole when past truths no longer suit Big Brother's present needs. The NCAA version is called "vacating wins."
It usually goes like this: Nathan Broshear orders beers and when it comes time to tip, he slides a $2 bill onto the bar.The bartender does a double-take and says something about how he didn't know they still printed these things. Then he folds the note carefully into his own wallet. Mr. Broshear never has to wait long for a second round."If you order two beers, you're probably going to drop $2 in a tip anyway," Mr. Broshear says. "But if you drop a $2 bill in, the person feels like they got a $5 or $10 tip.
Beginning in 2018, the estate- and gift-tax exemption-a combined amount that applies to an individual's gifts made during life or assets left at death-is doubling under the new tax law to nearly $11.2 million per individual or $22.4 million per married couple. The exemption is also adjusted for inflation.This increase is set to lapse after 2025.The number of estates the tax will apply to is expected to drop sharply as a result. According to estimates by the Tax Policy Center, about 1,700 estates are
Bitcoin: How the skeptics and believers grew so far apart; Does bitcoin need to go to zero or $500,000 to settle the debate? Does bitcoin need to go to zero or $500,000 to settle the debate? Throughout history, technology has fostered differing opinions. Remember Y2K? According to some, a simple change in the date was going to disrupt the global computing system. Software developers were paid thousands of dollars to do, what in the end, was nothing. However, maybe the most divisive debate of them all
Did the stock market crash? Do the math, and check the yield curve; A bear market doesn't become official until the major market indexes fall more than 20%. A bear market doesn't become official until the major market indexes fall more than 20%. If you want to figure out whether the stock market is crashing or just correcting, you need to be more than just a math whiz. You also have to know a little about interest rates and the economy, and have a little experience. One of the defining characteristics of
5G Networks: What's It All Mean? This year has already been a busy one for news about the impending arrival of 5G, or fifth-generation, mobile networks, which are expected to offer vastly more speed and capacity than do current ones-boosting the abilities of phones, but also other devices, from smart home gear to driverless cars. A recent example: The announcement earlier this month that Sprint plans to launch its 5G network in early 2019. If you're feeling a bit behind, you might benefit from an explainer,
Amazon: Will Bezos Shake Up Another Big Industry? Just when you were starting to get your head around how you might someday schedule doctor's visits through Amazon.com, there's news that it's setting itself up to take down the U.S. Postal Service. On Friday, The Wall Street Journal reported that Amazon (AMZN) was preparing to launch a service that would pick up packages from companies that sell stuff on its site, then delivering it for them. It's expected to start in Los Angeles and then expand; it might
BOE's 'Super Thursday': 3 things that would signal a rate rise is coming this spring; No BOE moves expected Thursday, but May rate rise is in play No BOE moves expected Thursday, but May rate rise is in play Markets plunged this week, partly on fears easy money is ending, and on Thursday investors get a chance to hear from one of the architects behind the decade of ultraloose monetary policy: The Bank of England. As the first major central bank to speak out after the market rout, investors are looking for