On the Street

The Battle for the American ‘Right to Repair’ is in Progress with Your Wallet on the Line

The likes of Apple and Amazon have been far from friends of the small business nor American consumers lately; as the tensions between consumers and increasingly large global corporations escalate. While dealing with individual megacorporation’s malpractice can be a daunting task on an individual level, the stakes become far larger when multiple companies collude on the same issues in attempts ...

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Meet Harvard Professor Gita Gopinath – first Woman to Steer the IMF

It should come as no surprise that Gita Gopinath was selected as the first woman to become chief economist at the International Monetary Fund. Her academic pedigree is beyond reproach. Born in India, Professor Gopinath studied for her doctorate at Princeton under Kenneth Rogoff, a former occupant of her new job, and Ben Bernanke, who later led the Federal Reserve ...

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Beware the Chinese Silicon Valley East

The rarest of start-up breeds is being found in several cities in China. The “Unicorn,” a private company with a market capitalization of $1 billion, is being spotted more of late. A Chinese government report put the number of unicorns in the country at 164 in 2017, a 25% increase from the year before. By some counts, it already has more ...

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Shutdown Adds to Uncertainty in Numerous Ways

The government shutdown in the United States is now at 25 days and we aren’t seeing any signs that it’s going to end any time soon. President Trump refuses to sign any bill that doesn’t provide funding for a wall along the southern border and Democrats refuse to go along with any bill that includes funding for such a wall. ...

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The Techno-Utopia of Bitcoin has failed for Now

It seems like a mere year ago around this time we were lauding the advent of the soon to be Bitcoin revolution, challenging all the financial precepts and eventually rising to the biblical status of the “One-World Currency.” In many ways the rise of Bitcoin invokes a spiritual experience for its believers that is deeper than the potential economic wealth ...

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Natural Gas Markets not for the Faint of Heart

A turbulent market known for its volatility has erupted again this week. The U.S. futures on natural gas measured in price per British thermal units operates on the Nymex commodities exchange, part of the CME Group. The operator of large derivative and futures exchanges took “emergency action” to maintain orderly trading in natural gas contracts as wild price swings gave ...

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The Economic Effects of Legalized Marijuana

Since the legalization of recreational marijuana in parts of the United States, scholars, economists, politicians et al. have weighed in on the economic impact of the plant. One would assume that the economic rationale has been examined in light of legalization from both a financial and social standpoint, albeit a difficult social measurement. The vast amount of scholarly work has ...

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Wall Street has a Trust Issue with President Trump

In poker, when a player has a habit that indicates that they are bluffing or another one that indicates they have a strong hand, it is called a tell. In criminal law when a criminal uses a certain method to commit the same crime over and over, they call it an M.O.—or modus operandi. Right now, Wall Street seems to ...

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