That negative 1st quarter GDP has been widely passed off as the effect of a particularly severe winter. Things, we were assured, were not that bad and would be getting better as the weather warmed. Well, not so fast. The Commerce Department came out this morning with a report on factory orders that was supposed to be in positive territory.
There is an important difference between European and American appetites, in addition to those for fast foods: risk taking. “Investments in Start-Ups Pick Up Pace,” reports the New York Times after surveying the high-tech financing scene here in America. “Europe Struggles to Foster a Startup Culture,” reports the Wall Street Journal. It seems that in contrast with “multiple rounds of fund-raising [in the U.S.] in months, rather than years,” Europeans are “valuing prudence … and leisure time over flamboyant risk-taking.”
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Speaking Tuesday at the 45th Annual Washington Conference of the Council of the Americas, Secretary of State John Kerry said that "countries are far more likely to advance economically and socially when citizens have faith in their governments and are able to rely on them for justice and equal treatment under the law." Kerry said that a "new kind of relationship" with Latin American countries, emphasizing democracy and human rights, will contribute to "our common ag
Bill de Blasio ran Hillary Clinton's New York Senate race in 2000. But he's not yet ready to endorse his former boss for president of the United States. He made the comments this morning in an interview with NBC's Chuck Todd:
Todd asked, "Are you for her now, unequivocally, or do you want to wait to see if she takes your advice on moving to a more progressive agenda?"
The strong dollar, warns Larry Fink, CEO of BlackRock in a letter to be released to shareholders next week, “will lead to an erosion of confidence on the part of CEOs, with the potential to slow both investment decisions and future growth in the U.S.” When you manage almost $5 trillion in assets, and monitor perhaps twice that much for the U.S.