Implode-O-Meter:
 
Donald Trump and NATO: Why His Silence on Article 5 Is a Big Deal
5/25/2017 7:00 PM
``Trump railed against [the NATO members" defense spending] shortfall Thursday, telling the audience in Brussels that it was "not fair to the people and taxpayers of the United States." His words echoed those of President Barack Obama, who just last year accused NATO members of being "complacent" and told them to dig deeper into their wallets. What...Read More
 
It"s time to plan an escape route, for you and your money, from Trumpland
5/25/2017 7:00 PM
``To cut to the chase, it is becoming increasingly clear that Americans should be taking reasonable steps to diversify their investments outside the U.S., including holding assets in currencies other than dollars, and where possible to acquire a second passport... It is no longer a certainty that America will remain a stable country governed by an ...Read More
 
Japan, South Korea drive global bitcoin prices as retail investor pile in
5/25/2017 7:00 PM
Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday....In Japan and South Korea, among the largest markets for bitcoin globally, bitcoin traded at a premium of more than $...Read More
 
Fed faces a "surprise" problem on U.S. inflation
5/25/2017 7:00 PM
``Of particular concern for the Fed are recent undershoots on key gauges of inflation that have been lagging the central bank"s stated target of 2 percent annualized consumer price growth... With doubts rising over U.S. President Donald Trump"s ability to deliver policies to promote faster economic growth, many of these gauges have fallen back to n...Read More
 
Romer Sidelined at World Bank as Establishment Economists Bristle at Reform
5/25/2017 7:00 PM
Romer pioneered research into "endogenous growth," examining how the diffusion of knowledge boosts output. His name often comes up in short lists for the Nobel Prize in economics.... But in recent years, his attacks on the credibility of macroeconomic models irritated many of his peers. His combativeness didn"t endear him to some of the more than 6...Read More
 
Not a little list: EU draws up Brexit bill
5/25/2017 7:00 PM
``The European Union will next month demand Britain agree to pay a fixed percentage of the EU"s outstanding obligations on the day it leaves the bloc, in defiance of a British rejection of that logic as "preposterous... But the list of what it must pay, and go paying for some years after Brexit, is much longer. Four pages of appendix details list m...Read More
 
NYC Landlords Slash Retail  Rents to Ward Off Vacancies
5/25/2017 7:00 PM
The REBNY Spring 2017 Manhattan Retail Report lists retail rental rates in 14 of Manhattan"s 17 high profile shopping corridors have declined. The poshest parts of Bleecker Street between Seventh Avenue and Hudson Street have fared the worst of all the Manhattan markets. Rents there tumbled 27 percent from $513 per foot to $373 per foot since last ...Read More
 
The investigation of Jared Kushner fits a very troubling pattern
5/25/2017 7:00 PM
``In addition to possible coordination between the Kremlin and the Trump campaign to influence the 2016 presidential election, investigators are also looking broadly into possible financial crimes [of Jared Kushner] -- but the people familiar with the matter, who were not authorized to speak publicly, did not specify who or what was being examined....Read More
 
Trump"s Budget Is a Waste of Everybody"s Time
5/24/2017 7:00 PM
The Trump administration has until now said its planned tax cuts would pay for themselves by pushing economic growth to 3 percent a year -- a claim already seen as outlandish by every serious analyst, liberal and conservative alike. The budget appears to go one better: It says this boost in growth will be sufficient not just to maintain revenue (de...Read More
 
Paul Manafort"s Lucrative Ukraine Years Are Central to the Russia Probe
5/24/2017 7:00 PM
Until recently, Manafort had receded into the background as the uproar over Trump"s firing of his national security adviser, Michael Flynn, and then the FBI director, James Comey, began to shake the White House. But the Manafort story--a tale of pro-Russia players, political tradecraft and cunning financial maneuvers--has never gone away. The reaso...Read More