By one arcane measure that the Federal Reserve tracks, U.S businesses are investing less than during any recovery since at least 1952 — even though they’re so awash in cash, they needn’t borrow to invest at a more normal clip, Barclays economist Dean Maki said.
Tag: featured
Billions of dollars wasted on investment advice
On an equal-weighted basis, US equity funds recommended by consultants underperformed other funds by 1.1 per cent a year between 1999 and 2011, according to analysis of 29 consultancies accounting for more than 90 per cent of the market by a team from Oxford university’s Saïd Business School…
LETTER: LNP: “Slippery slope of unethical journalism”
Rest assured; LNP will orchestrate this ‘debate’ to insure that ‘their’ candidate of choice and their ‘pet issues’ will receive the most attention and favorable press. LNP has no business ’sponsoring’ (what exactly is the cost of sponsorship for a debate???) anything that has to do the political arena….they have fed at that trough for too long already.
LANCASTER SUNDAY NEWS
“As Lynne Stout, a professor at Cornell Law School and author of the book ‘The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public,’ put it in an interview with National Public Radio’s David Brancaccio, the ‘golden age’ of business was a time when companies existed not just to make a profit.
Cost of elderly left out of PA Medicaid debate
CENTRE TIMES DAILY / AP: Gov. Tom Corbett’s plan to extend taxpayer-paid health insurance to hundreds of thousands of the working poor came with his repeated warnings that it is not an expansion of Medicaid and that he would not expand an entitlement program that he views as already too costly, bloated and ineffective.
Auto Leases Entice, but They’re Still Costly
Leasing initially seems to be the cheapest route when you look at total out-of-pocket expenses: It costs $5,244 less than buying new. (Buying a used car is still the most economical. You save $5,277 compared with leasing, and it’s about a whopping $10,500 less than buying new.)
Atom Bomb Almost Exploded Over North Carolina In 1961
The incident happened when two Mark 39 hydrogen bombs were accidentally dropped over Goldsboro, North Carolina, after a B-52 bomber broke up in midair…
LETTER: “Degenerate”
It is outrageous that someone would dismiss this woman’s monstrous behavior with the phrase, “Kids make mistakes”, and it is REVOLTING that someone would equate stealing a few bottles of liquor with the death of an infant and the abuse of his corpse.
Frack, baby, frack: Good news
PITTSBURGH TRIBUNE-REVIEW Editorial: A new study finds natural gas wells leak far less methane than worst-case estimates predicted, suggesting industry emissions indeed are low enough that burning gas instead of coal benefits the climate. It’s particularly significant because the study is the result of a joint effort among nine drillers and the liberal Environmental Defense Fund.
Online protection that let young people undo the indelicate
Now California legislators are trying to solve the problem with the first measure in the country to give minors the legal right to scrub away their online indiscretions. The legislation puts the state in the middle of a turbulent debate over how best to protect children and their privacy on the Internet, and whether states should even be trying to tame the Web…
Iran Said to Seek a Nuclear Accord to End Sanctions
NEW YORK TIMES: Iran’s leaders, seizing on perceived flexibility in a private letter from President Obama, have decided to gamble on forging a swift agreement over their nuclear program with the goal of ending crippling sanctions, a prominent adviser to the Iranian leadership said Thursday.
Pope Francis rejects church’s relentless focus on gays, abortion
The 12,000-word message includes references to a number of hot-button social issues, and comes on the heels of the pope’s comment in July that he cannot judge gay priests. In the new interview, published in 16 Jesuit journals around the world Thursday, Francis said the church should be the “home of all,” not a “small chapel.”
Judge says citizen objections to Harrisburg debt plan weren’t filed properly, and won’t be heard
Exactly how citizens could intelligently object to an unfinished plan remains in question. And why there should be a hurried deadline for filing objections to an unfinished plan also remains in question.
Better to expand Medicaid
PHILADELPHIA INQUIRER Editorial: ….[Gov. Tom] Corbett’s track record on social programs offers little reason for optimism. Since its first month in power, the Corbett administration has busied itself with discussions of ideas to close widening gaps in health coverage and cash aid for the state’s neediest, including 93,000 children who have been tossed off the rolls of both the joint state-federal Children’s Health Insurance Program and Medicaid.