Planning for the Future in an Uncertain Economy

Halloween may be more than two months away, but something in the air already has the markets spooked. Worries about the end of the bull market and a looming recession has economists and politicos worried about the impact of a sluggish economy. While Daniella is off this week, Ed sits down with CAP Senior Economist … Read morePlanning for the Future in an Uncertain Economy

Stimulus to industry creates moral hazard: CEA

Skeptical about the efficacy of a bailout package to Indian industry, chief economic adviser K V Subramanian on Thursday said any such step will be a “moral hazard” and an “anathema” to the market economy. The remarks come amid demand by India Inc for stimulus package to deal with the slowdown in various sectors of … Read moreStimulus to industry creates moral hazard: CEA

American Airlines names Priya Aiyar Senior Vice President

NRI Pulse Staff Report Atlanta, GA, August 22, 2019: American Airlines Group announced today that Priya Aiyar will join the airline as Senior Vice President and General Counsel, succeeding Paul Jones, who retired from American earlier this year. “We are thrilled to welcome Priya to American Airlines,” said Steve Johnson, American’s Executive Vice President of … Read moreAmerican Airlines names Priya Aiyar Senior Vice President

Unemployment Insurance Weekly Claims Report

In the week ending August 17, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 220,000 to 221,000. The 4-week moving average was 214,500, an increase of 500 from the previous week’s revised average. … Read moreUnemployment Insurance Weekly Claims Report

Five Things to Never Say to a Person Who’s Homeless

If you can’t say something nice, don’t say anything at all We’ve talked before about five things to say to a person who’s homeless when you want to start a conversation. Today we’re going to talk about five things you … Continue reading → The post Five Things to Never Say to a Person Who’s … Read moreFive Things to Never Say to a Person Who’s Homeless

Los Angeles City Council Looking To Regulate Uber and Lyft Drivers

City councils have a lot of power to say what can and cannot happen within city limits, and we are beginning to see what this type of local control could look like in Los Angeles, CA. RSG senior contributor Sergio Avedian outlines the latest proposal from the LA City Council to regulate rideshare drivers. Safety … Read moreLos Angeles City Council Looking To Regulate Uber and Lyft Drivers

Lindsey Graham’s Blank Check. Why a Defense Agreement With Israel Would Be a Disaster for Americans

Two world wars began because of unconditional pledges made by one country to come to assistance of another. On July 5, 1914, Kaiser Wilhelm II of Germany pledged his country’s complete support for whatever response Austria-Hungary would choose to make against Serbia after the June 28th assassination of Archduke Franz Ferdinand of Austria by a Serbian nationalist during … Read moreLindsey Graham’s Blank Check. Why a Defense Agreement With Israel Would Be a Disaster for Americans

China Has A Great MMA Fighter. Problem: The Communist Government Hates Him.

Chinese MMA fighter Xu Xiaodong (known as “Mad Dog”) is winning martial matches across his country. Result? The Communist Chinese government hates him because he’s beating traditional Chinese martial arts masters: MMA was so named in 1993. It is a veritable postmodern pastiche of combat styles—including Brazilian jiu jitsu, Israeli krav maga, Thai kickboxing, and … Read moreChina Has A Great MMA Fighter. Problem: The Communist Government Hates Him.

Sensex plunges 587 points, Nifty ends below 10,750

Stock Market Today: Equity indices fell sharply on Thursday with the benchmark BSE sensex plunging over 550 points amid heavy global sell-off as investors remained concerned over global economic slowdown. The 30-share index nosedived 587.44 points or 1.59 per cent to end at 36,472.93. While, the broader NSE Nifty moved 182.30 points or 1.67 per … Read moreSensex plunges 587 points, Nifty ends below 10,750

What’s floccinaucinihilipilification? Ask RBI

The RBI watchers were left scrambling for their dictionaries to decipher the minutes of a monetary policy committee meeting. In the minutes, a MPC member said “estimates of economic growth have unfortunately been subject to a fair degree of floccinaucinihilipilification.” The Oxford dictionary says the word is used to describe the action of estimating something … Read moreWhat’s floccinaucinihilipilification? Ask RBI

Indians pawning family gold amid credit crunch

While pawning gold has long been an option for quick funds in a country that is the world’s second-biggest consumer of the yellow metal, several lenders told Reuters of unprecedented demand as people struggle to secure loans from banks grappling with bad debt and a shadow lending industry stung by a liquidity crunch. Please follow … Read moreIndians pawning family gold amid credit crunch

Ex-White House aide, partner on trial for immigration fraud

Retired Air Force Col. Timothy Milbrath, who served as a military aide to 3 presidents, and his partner, William “Bart” Hungerford, are charged with fraud. A former White House military aide and his business partner are on trial in federal court, accused of pocketing millions of dollars intended for creating jobs in New Orleans after Hurricane Katrina. … Read moreEx-White House aide, partner on trial for immigration fraud

Oakland businessman, partners indicted in alleged $110 million cash-for-visas fraud

Tom Henderson addresses the crowd gathered at Callsocket for a grand opening on Monday, November 4, 2013. Henderson was charged Tuesday with defrauding over 200 foreign investors of $110 million under a controversial federal cash-for-visas program. Oakland businessman Tom Henderson, a former owner of the landmark Tribune Tower, was indicted Tuesday on charges of defrauding over … Read moreOakland businessman, partners indicted in alleged $110 million cash-for-visas fraud

Racism and Sexism Combine To Shortchange Working Black Women

Author’s note: CAP uses “Black” and “African American” interchangeably throughout many of our products. We chose to capitalize “Black” in order to reflect that we are discussing a group of people and to be consistent with the capitalization of “African American.” Black Women’s Equal Pay Day arrives around this time each year, marking the estimated … Read moreRacism and Sexism Combine To Shortchange Working Black Women

China’s New Prime Rate Mechanism Makes Banks More Risky

On 17 August, the People’s Bank of China (PBOC), the central bank, announced reforms to the loan prime rate (LPR) mechanism. Via Moody’s. Beginning on 20 August, the new LPR will average the lending rate quoted by 18 banks on that same day to determine the lending rate for all banks when they originate new … Read moreChina’s New Prime Rate Mechanism Makes Banks More Risky

A job at hand: New tech, old worries in gig economy

While platform-based work is very visible in our cities, where you can use an app to find a mechanic or a yoga instructor, or get someone to deliver your food, there are no overall job numbers so far. “It’s hard enough to get a measure of the informal economy. There are no reliable numbers for … Read moreA job at hand: New tech, old worries in gig economy

Public Charge Rule is Pro-Immigrant, Pro-America

No sooner had the Trump administration announced its intention to impose a new rule that will deny public benefits like food stamps and Medicaid to some legal immigrants, then 13 lawsuit trigger-happy states filed action against the Department of Homeland Security. Immigrants who are likely to rely on welfare benefits for their survival are generally … Read morePublic Charge Rule is Pro-Immigrant, Pro-America