Hunt Lawrence and Daniel J. Flynn

Hunt Lawrence is a New York-based investor. Daniel Flynn is the author of five books.

CBO Forecast: Cloudy With a Chance of Debt

 

The Congressional Budget Office (CBO) released its annual budgetary forecast this week. The Washington, D.C. weathermen say storm clouds approach. Under the rosiest scenario, U.S. debt-to-GDP ratio approaches the highest level on record, about 119 percent in the aftermath of World War II, by 2038. The report notes that “under all three alternative scenarios, debt […]

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More Money for Albany, Less Power in Washington

 

House Republicans seek to extend the Trump tax reforms that sunset in 2025 through something called Tax Reform 2.0. House Ways and Means Committee Chairman Kevin Brady (R-TX) says this effort to permanentize last December’s reforms includes the limitation on the state and local tax (SALT) deduction. “We think out of fairness that cap ought […]

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Julia Cumming

More Capitalists, Not Fewer, Is the Answer to Inequality

 

Unemployment sinks below four percent, some anticipate gross domestic product growth to approach five percent for the second quarter, and the Dow enjoys an addition of more than 5,000 points since Donald Trump’s inauguration. But bashing capitalism strangely remains in fashion. “Capitalism has not always existed in the world and will not always exist in […]

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SALT Suit Will Win Judgment of Ridicule

 

New York, Connecticut, New Jersey, and Maryland filed suit against the federal government this week over Congress’s limitation of the state and local tax (SALT) deduction. Congress capped the deduction to $10,000 as part of Donald Trump’s tax overhaul passed in December. In the meantime, lawmakers in high-tax states scrambled to devise end-arounds on the […]

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Coming to Healthcare: What Upended Toys ’R’ Us & Blockbuster

 

By next week, a single Blockbuster location calls the United States home. A few weeks ago, every Toys “R” Us location in the country shuttered. Around the same time, General Electric, the Dow ‘s last original component on the index, lost its spot to Walgreens. Chicago, after no longer calling its tallest building the “Sears” […]

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Quantitative Tightening?

 

Problems with stimulants include the hangover that follows the high, the compulsion to keep chasing that initial feeling despite all subsequent attempts falling short, and the Charles Atlas self-portrait that others see as the guy getting sand kicked in his face. One pays a price for taking anything, including stimulants. Nothing comes for free, especially […]

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The Man Behind the Big Plan

 

Amazon, Berkshire Hathaway, and J.P. Morgan Chase tabbed Atul Gawande to lead their nonprofit venture to provide better healthcare cheaper to their million-plus employees and family members dependent on the coverage they provide. Gawande cites “better outcomes,” “better satisfaction,” and “better cost efficiency” as the primary goals of the venture. If the novel approach works, […]

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Deficits Become More Expensive

 

Long after the U.S. Federal Reserve halted quantitative easing, the European Central Bank (ECB) announced its decision last week to end its bond-buying program by the end of 2018. As Europe followed the U.S. lead in one area, its policies diverged in another. The ECB also announced that it plans to continue offering a negative […]

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Another Silicon Valley Giant Wades Into Healthcare

 

Cisco Systems dislikes the healthcare system. Cisco executives see it devour increasing portions of profits. So, the San Jose-based tech company ventures into healthcare in the hopes of keeping more dollars within tech. Cisco offers a clinic on its campus. It negotiates directly with Stanford Health. And it places incentives within the deal to encourage […]

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Gavin Newsom’s Victory Speech Silent on Single Payer

 

Gavin Newsom, who touted single-payer healthcare as a cornerstone of his campaign for governor, routed his opponents in California’s top-two primary on Tuesday. Newsom not only garnered a third of the ballots in an election with nearly two-dozen candidates but essentially Jedi Mind Tricked voters into selecting his preferred fall adversary by repeatedly mentioning Republican […]

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