Sears CEO and major stockholder wrote a letter saying that the company has to take drastic measures in order to remain a going concern. He argued that the company needs to sell real estate and other assets in order to pay debt, especially debt that will be due soon. Some analysts blame Eddie Lampert for […]
The blockchain technology is a lot more than digital currencies. Most people believe that the technology is simply another way of saying digital currencies, such as bitcoin. But it’s very different. Creators of digital currencies use blockchain technology. But the technology has many more uses. As this article explains, Walmart is going to use the […]
Oil is recovering from the bear market of 2014-2016. The comeback has been slow and full of backsliding. But this week oil closed above $80 per barrel for the first time since 2014. In the past, every close above $80 has been followed by a rise to a peak above $100. J.P. Morgan wrote in […]
This article says you might want to reconsider things if your plan includes spending a few years in retirement making extra money from gig jobs, such as driving for one of the ride-sharing companies. It says incomes have plummeted for drivers who use the technology companies. JP Morgan suggested that the growing number of drivers […]
This article is about one of my alma maters, Clemson University, and how it has changed with the recent success of the football program. It argues that the success of the football team has helped not only the athletic department but the entire university and all its students. There’s no doubt the article makes good […]
There’s a lot of discussion among economists about productivity. There’s been a decline in productivity since the mid-2000s or so. Some argue that the burst in productivity in the decades before that was unsustainable and we shouldn’t factor higher productivity into future growth projections. Others say productivity isn’t being measured correctly because of changes in […]
Puerto Rico became a popular hurricane for some fairly wealthy U.S. residents after Hurricane Maria. This article explains the tax rules and profiles some of the people who decided to take up residence on the island to save a lot of money. To comply with Act 22, Nissman said, it all came down to what […]
The CIA recently declassified some jokes that apparently were being told in the Soviet Union by Soviets. The agency didn’t explain why the agency thought it necessary to compile the jokes and send them to the head of the agency or why they were classified until now.