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News & Updates

June 28, 2016 Lew says no sense of financial crisis developing

Source: Washington Post

U.S. Treasury Secretary Jacob Lew says that the decision of British voters to leave the European Union is “an additional headwind” for the U.S. and global economies but “there is no sense of a financial crisis developing.”

June 28, 2016 Texas ‘Frack Master’ bilked investors out of millions, SEC says

Source: Reuters

Texas oilman Chris Faulkner built a high-profile public persona, raised millions for his oil and gas ventures and courted politicians. But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to...

June 28, 2016 Bank of America and Brexit: What Investors Need to Know Right Now

Source: Motley Fool

As investors in Bank of America (NYSE:BAC) watch its stock continue to drop in the wake of the U.K.'s vote to separate from the European Union last week, known as Brexit, it's tempting to get scared and flee. Let me explain why...

June 28, 2016 Brexit vote, UK political confusion rattles world markets for second day

Source: Reuters

Britain's vote last Thursday to leave the European Union continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the...

June 27, 2016 Brexit: UK government calls for calm; Labour leader addresses crisis

Source: CNN

Amid predictions of a post-Brexit economic tsunami, the UK government is trying to limit the damage of the country's pending withdrawal from the European Union, as leaders prepare for the first round of talks.

June 27, 2016 What British, European, and American Policymakers Need to Do Now

Source: Harvard Business Review

News of the United Kingdom’s vote to Leave the European Union shook financial markets Friday, and signaled the start of potentially years of economic uncertainty for Europe. What can policymakers do in response? I asked Adam...

June 27, 2016 The Surprising Evolution of House Republicans on Taxes

Source: RollCall

The corporate tax rate of 35 percent would drop to 20 percent and the top individual rate of 39.6 percent would go down to 33 percent under the GOP plan. And small businesses organized as pass-through entities like partnerships,...

June 27, 2016 Is Coca-Cola About To Get Expensive?

Source: Seeking Alpha

Philadelphia City Council Committee last week approved a tax of 1.5 cents per ounce on the sugary drinks. In an article, I mentioned some points which help explain why Philadelphia soda tax is not a big deal for PepsiCo...

June 27, 2016 Having Won, Some ‘Brexit’ Campaigners Begin Backpedaling

Source: NY Times

LONDON — Freed from the shackles of the European Union, Britain’s economy would prosper and its security would increase. Britain would “take back control” of immigration, reducing the number of arrivals. And it would be able to...

June 27, 2016 Post-Brexit global equity loss of over $2 trillion worst ever: S&P

Source: Reuters

The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black...

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