Viva Stalin! The enemies of Putin’s pension reform are now fan of markets. (Photo by Thomas Körbel/picture alliance via Getty Images) If there is one thing you can bet the house on, it’s the fact that people will take to the streets if you change the rules of retirement. A politician or a party that
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With fewer high-school graduates and foreign students coming to class, the nation’s universities and colleges are turning to increasingly sophisticated and more affordable online courses to help fill the gap. The development of online education raises the question of whether it will evolve from a supplement to traditional in-person learning to something that supplants it.
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President Donald Trump speaks to workers at the Cameron LNG (Liquid Natural Gas) Export Facility in Hackberry, Louisiana, May 14, 2019. Leah Millis | Reuters President Donald Trump said China has given itself a “tremendous competitive” advantage by weakening its currency, and the playing field needs to be leveled. Trump, during a telephone interview with
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Claude MonetNymphéas (1908)oil on canvas36¼ inches by 35 inches Sotheby’s London A month after Claude Monet’s Meules sold for a staggering $110.7 million at Sotheby’s New York, a treasured and pristine Nymphéas that’s been in a private family collection for nearly nine decades is expected to fetch up to $44.6 million when it goes on
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The municipal bond market watched and waited on Monday as President Trump lamented his lack of control over monetary policy even data showed the economy humming along. Trump complained in CNBC TV interview that the Fed doesn’t “listen” to him and contrasted that the control that China’s leader wields over its central bank. “The head
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May’s overall job growth disappointed, but there were pockets of strength with strong hiring in the health care, computer and digital design and food service industries. The Labor Department’s Friday report on the employment situation also showed a decline in retail positions while manufacturing continued to added to a string of lackluster prints. CNBC studied
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Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US. Squire Mining to Host 41,000 ASICs Canadian-based blockchain firm Squire Mining, a leading miner in the
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Antique USA map close-up detail: Los Angeles, California Getty Long before the last Los Angeles real estate bubble when real, inflation-adjusted house prices nearly tripled from 1997 to 2006 but then fell nearly in half by 2011… And long before the S&L bubble when real Los Angeles house prices fell over 40% from the peak
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By Ansh Chaudhary For the month of May, the ETF Deathwatch increased in size. Twenty-nine exchange-traded products (“ETPs”) were added to the list, and 19 funds were removed, making May a busier month in terms of additions. Of the removals, 16 were removed due to increased health and three were removed due to asset managers
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Since last decade, NASA has turned repeatedly to Colorado companies to produce the technology it needs to not only send astronauts on new lunar missions but also to Mars and into the depths of space. Above, the International Space Station. NASA | Getty Images National Aeronautics and Space Administration is opening the International Space Station
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Real estate investment trust REIT on an office desk. Getty From Tuesday through Thursday, I attended REITweek in New York City, which is always a great experience. There’s so much to do there. So many well-placed people to meet. So much information to gather. So many seminars to attend (like the MoneyShow next week in
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The White House has invited some of President Donald Trump’s key allies in the business world to an event later this month in Bahrain intended to kick-start the administration’s long-awaited Middle East peace plan. The meeting is part of Trump’s effort to strike the “deal of the century” for Israeli-Palestinian peace. The Bahrain gathering will
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On November 14, 2017, I wrote a short blog post simply titled “Do Not Stop Buying PCI”. Since then, not only has the PIMCO Dynamic Credit Income Fund (PCI) outperformed any junk bond index you care to look at, but it has more than doubled versus the S&P 500’s performance since then. This is not
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