Bottom 60 percent paying for the US boom by substituting debt for savings

"A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened - a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth."

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Former Fed officials lament taxpayers’ inability to see necessity of bank bailouts

"The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, 'I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'"

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Washing Machine Tariffs Started the Trade War. Result?

"Thank the Trump tariffs on imported washing machines, washing machine parts, steel, and aluminum for the largest three-month price increase—16.4% from February to May this year—in the 40-year history of the Bureau of Labor Statistics (BLS) series for Major Appliances: Laundry Equipment."

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Supreme Court unleashes tax nightmare upon online businesses

"Every business large and small will be responsible for knowing the sales tax rates in [over 10,000] counties, towns, cities and states in the nation. The ruling is a Pandora’s box for expansive state taxing authority. This court decision is not limited to expanding the targets of the state sales tax. Politicians will use this court decision as a green light to export their income tax to individuals and companies in other states."

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