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Looking Over the Economic Horizon - Predictions for 2014
- This is the first in a series of financial commentaries by our Editorial Roundtable. Check back to read alternative points of view expressed in this column.
James Cash Penney, who founded JC Penney in 1902, observed years later that, “Growth is never by mere chance; it is the result of forces working together.” This holds as true for the broader US economy as it does for individual companies. For it is the combination of market forces, government policies and macroeconomic trends that shapes our long-term economic outlook and near-term prospects for growth.
As we peer beyond the horizon to boldly — or foolishly— predict economic developments in 2014, let’s stay mindful of this synergistic process. For only by assessing the interplay of multiple factors can we hope to divine the future.
Here, then, are the key forces and trends MoneyTips predicts will combine to make 2014 a very positive year for the US eco...
Washington state employment agency processed fake claims
OLYMPIA, Wash. (AP) — A news station in Washington state has obtained records that show fraudulent unemployment claims were filed last year in the stolen identities of 59 state Employment Security Department employees. The department spotted fraud after it had…
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This story is part of a series on the new Biden administration and what he has planned for his first 100 days—and beyond. Housing shortcomings in the U.S. are plentiful and diverse, from a Covid-driven renter eviction crisis to over-restrictive zoning laws that artificially drive up land values and make it nearly impossible for entry-level […]
What The Second Stimulus Bill Means For Your Retirement Accounts
In the waning days of 2020, Congress passed a second Covid-19 relief bill as part of the Consolidated Appropriations Act, which was then signed into law on Dec. 27. While the $600 stimulus check is the most touted (and perhaps most controversial) aspect, this bill, like the CARES Act before it, also includes provisions that […]
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If you’ve shopped around for a home recently, you’re probably familiar with feelings of despair, confusion and annoyance. Homes are getting snapped up like PlayStations at Christmas and, if you’re lucky enough to find a house in your budget, you might end up competing with multiple bidders. Home sales got off to a slow start […]
Biden Stimulus Plan Includes No Student Loan Forgiveness. Is Help Still On The Way?
For student loan borrowers, 2020 was an unprecedented year, but 2021 could bring with it even more striking changes. In response to the Covid-19 crisis, federal student loan borrowers received a government-mandated pause on their payments starting last March, which is set to last through January. Now that Joe Biden has been elected president and […]
Is Medicare For All A Possibility Under Xavier Becerra?
This story is part of a series on the new Biden administration and what Biden has planned for his first 100 days—and beyond. Xavier Becerra, President-elect Joe Biden’s pick for Secretary of Health and Human Services, has long supported expanding health care in the US. But could he lead reform that gives America’s 28.9 million […]
Want to Invest More This Year? Treat It Like a Subscription
Subscription services seem to be the sweet spot for attracting new users and building customer loyalty. For $10 a month? Take all the streaming music you want. Another $20 per…
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