Daily Archives: May 20, 2014

Washington’s open secret: personal lifestyle subsidies

Posted on May 20, 2014 by Danielle Park

If America aspires to being a model democracy in the world, it has to start acting like one. Most Americans believe it’s illegal for politicians to profit from their public office but, as Steve Kroft reports, that’s not the case… … Continue reading →

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Retail sales reflecting weak households

Posted on May 20, 2014 by Danielle Park

Today we have another day, another wave of weak retail sales reports… Weak first-quarter earnings by retailing juggernauts Macy’s (M) and Walmart (WMT) have investors and industry insiders questioning the financial health of U.S. consumers. Howard Davidowitz, a longtime consultant … Continue reading →

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Weak demand keeps “surprising” bulls and pressuring rates lower

Posted on May 20, 2014 by Danielle Park

St. Louis Federal Reserve Bank President James Bullard said Friday that the Fed will need to raise interest rates by the end of the first quarter of 2015. However, Pimco’s Tony Crescenzi doesn’t see that happening so soon.Here is a … Continue reading →

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