Money

  • Politics

    Weekly Standard shuts it doors for good

    (BizPacReview) After more than two decades, The Weekly Standard will be publishing its last issue and closing its doors this month. Clarity Media Group, which owns the Standard’s publisher, MediaDC, made the expected announcement Friday, noting that the magazine will publish its final issue on December 17, according to CNN. The Weekly Standard’s editor-at-large, Bill…

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  • Health

    Johnson & Johnson loses $39.8 billion in market value in 1 day

    (CNBC) Johnson & Johnson lost $39.8 billion in market value Friday after Reuters said the company knew for decades that its baby powder contained asbestos, an allegation the company denied. J&J said the story was “one-sided, false and inflammatory” and an “absurd conspiracy theory,” according to a statement. Thousands of lawsuits have accused J&J’s talc-based…

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  • Economy

    Analysts withhold documents about Clinton Foundation

    (Washington Examiner) A congressional hearing on the Clinton Foundation turned into a fiasco on Thursday after Republicans clashed with their own witnesses — two private investigators who refused to turn over documents that they claimed showed evidence of criminal wrongdoing at the Clinton Foundation. John Moynihan and Larry Doyle, financial analysts who say they have…

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  • Economy

    Boy Scouts of America may file for bankruptcy protection

    (Fox Business) The Boy Scouts of America is considering filing for bankruptcy protection. The organization is facing a shrinking membership and escalating legal costs related to lawsuits over how it handled allegations of sex abuse. Leaders of the Boy Scouts, one of the country’s largest youth organizations, have hired law firm Sidley Austin LLP for…

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  • Economy

    The ‘loan from family’ trap

    Dear Dave, I’m on Baby Step 4 of your plan. I’m debt-free, and I’m currently putting lots of money toward retirement. Now, I want to go back to school and get an MBA. I could pay for school with cash, but that would delay buying a home. My parents have offered to help out financially,…

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  • Economy

    Dow rises in wobbly session

    (CNBC) Stocks seesawed on Thursday while investors digested new developments in the ongoing U.S.-China trade war and Wall Street’s volatile week approached its end. The Dow Jones Industrial Average closed 70.11 points higher at 24,597.38 after alternating between gains and losses throughout the day. The S&P 500 fell marginally to 2,650.54, while the Nasdaq Composite…

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  • Economy

    Harvard’s $39B endowment secretly acquiring California’s water supply

    (ZeroHedge) Harvard University’s endowment (valued at $39 billion as of 2018) is the largest academic endowment in the world. The private investment company has been quietly snapping up farmland and related water rights to properties located in the California region. Instead of purchasing the land in Harvard Management Company, Inc.’s own name, asset managers secretly…

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  • Economy

    Democrats plot return of pork barrel politics

    (Washington Examiner) House Democrats are eager to revive the notorious earmark, which is any provision that allocates cash to a pet project in a particular congressional district, when they take back the majority in January. There is no House rule banning earmarks, but the Republican majority curtailed the practice in 2011 following allegations of corruption…

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  • Economy

    Now you can’t even TALK about vaping

      Vaping, which uses electronic devices to vaporize flavored liquids, routinely is promoted as a less-risky alternative to smoking, although concerns remain about the relatively new practice. Linda Richter of the Center on Addiction explains that even though there’s no tobacco in the vapor that is produced, the particles can include chemicals that can lead…

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  • Economy

    $5 billion for wall ‘a waste’? Taxpayer burden 31 times greater

    Democrats claim the $5 billion President Trump wants from Congress to fund a border wall is a waste of money, but the annual burden of illegal immigration on taxpayers is $155 billion, according to an independent report. The Gateway Pundit blog points to a 2017 report by the Federation for American Immigration Reform, or FAIR,…

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