Every year, economists put pen to paper and make projections for the next 12 months. In addition to forecasts for real GDP growth, inflation and consumer spending, they look into their crystal ball to determine what the Federal Reserve will do with its benchmark rate and what long-term interest rates will do in response.
Americans are concerned about safety and privacy, and, with the hacking of celebrity photos on iCloud, Apple needs to regain some public trust. One breach on ApplePay, like the Target breach, could cause Americans to delay the entire system. But if security holds, Apple could be the company that changes how people pay.
The charts used to demonstrate the supposed breakdown obscure the reality that productivity and hourly compensation continue to track each other. There are six rules for getting this depiction correct.
Some telecom companies are mobilizing political marketing machines in Washington to silence discussion on eliminating Lifeline, which has grown into a billion-dollar fiasco. Lifeline has been used as a corporate welfare fund for years while masquerading as an aid program for the poor. It is far from heartless for politicians to oppose it.
Many people think that when the Internet Tax Freedom Act (ITFA) expires on December 11, this will open the door for the first time to the taxation of the Internet. Wrong. The Internet is already taxed, and taxation can continue even if IFTA is extended.