Category Archives: Economics

About as bad as it gets: Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation

By Jackie Wattles of CNN Business – Kraft Heinz had one of the worst days imaginable Thursday. The company wrote down the value of its Kraft and Oscar Mayer brands by $15 billion, posted a $12.6 billion loss, cut its dividend by 36% and … Continue reading

Posted in Business, Dow Jones, Economics

Pricey campus housing triggers a debate in Boston

By Deirdre Fernandes of the Boston Globe – At the newest residence hall for Northeastern University students, kitchens come with stainless steel appliances and granite countertops. Floor-to-ceiling windows bathe rooms in sunshine, and residents can exercise in a state-of-the-art fitness … Continue reading

Posted in Controversial, Economics, Education

A congressman rails against undocumented immigrants as his estranged siblings care for them and other patients in need

By Greg Jaffe of the Washington Post – Three months had passed since Grace Gosar and five of her siblings decided they had to do something to stop their brother, a hard-line conservative and staunch defender of President Trump, from … Continue reading

Posted in Congress, Democracy, Economics, Elections, Families, House of Representatives

Dow falls another 500 points, extending worst start to a December in 38 years

By Chris Matthews and Mark Decambre of Market Watch U.S. stocks finished sharply lower Monday in a volatile session that saw the S&P 500 and Nasdaq post fresh year-to-date closing lows, extending the worst start to a December since 1980. … Continue reading

Posted in Dow Jones, Economics, Investing, United States, wealth

Human capital, demographics, economic growth, and immigrants

By Jay Weiner of the Federal Reserve Bank of Minneapolis  Senior Vice President and Research Director of the Minneapolis Fed Mark Wright eloquently summed up data, dialogue, and differences: “What’s clear to me is that, in the same way that … Continue reading

Posted in Economics, Federal Reserve, government, Immigrants