Shutdown fears spur horse-trading | TheHill


Democrats have offered to agree to an additional $15 billion in military funding as part of a spending package to keep the government operating if Republicans in Congress agree to fund ­ObamaCare insurer subsidies.

Signing off on the Democratic offer would avert a government shutdown set to begin Saturday.

It would ensure that the reimbursements to health insurers would continue, preventing what could be a mass exit from the exchanges.

Source: Shutdown fears spur horse-trading | TheHill

A New York hotel deal shows how some public pension funds help to enrich Trump | Reuters


The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46-story property owned by a Los Angeles investment group, the CIM Group, through one of its real estate funds. (Read the most recent amendment to the Trump SoHo’s offering plan: tmsnrt.rs/2q3HJH8)

The possible problem for Trump lies in the fact that state- and city-run pension funds have invested in the CIM fund and pay it a few million dollars in quarterly fees to manage their investments in its portfolio, which includes the Trump SoHo, according to state investment records.

Source: Exclusive: A New York hotel deal shows how some public pension funds help to enrich Trump | Reuters

10 things you should know about the current crisis in Venezuela | Brookings Institution

In recent days, hundreds of thousands of Venezuelans across the country have been demonstrating on the streets against the government of Nicolás Maduro.

Here are 10 things you should know about how things got to this point …

Source: 10 things you should know about the current crisis in Venezuela | Brookings Institution

Volvo AB Shares Hit 10-Year High on Construction-Equipment Sales | Bloomberg


New truck orders rose 11 percent in the quarter, helped by jumps of 27 percent in North America and 31 percent in Asia, Volvo said.

Sales contracts for construction equipment increased 34 percent, bolstered by growth in Asia and Europe.

Source: Volvo AB Shares Hit 10-Year High on Construction-Equipment Sales – Bloomberg

Sweden’s Ericsson faces painful overhaul as it plunges into loss | Reuters


Bankers ruled out any imminent takeover of Ericsson but said some rivals could take a look once the business stabilizes.

Speculation of a possible Ericsson-Cisco tie-up has been doing the rounds since the companies struck a strategic partnership two years ago.

Source: Sweden’s Ericsson faces painful overhaul as it plunges into loss | Reuters

If you really respect Trump voters, tell them the truth | Vox


What exactly a given place needs to do to deal with those realities — how to improve the quality of K-12 schools, increase college graduation rates, attract new businesses, and so forth — is contentious.

But there’s simply no realistic regional development strategy that’s based on indulging nostalgia.

To improve, places need to change. Indeed, they probably need to accelerate the pace of change. And not everyone is going to like it.

Source: If you really respect Trump voters, tell them the truth – Vox

Global economics: Why financial cycles matter | Livemint


There are several important lessons to be learned from the BIS view.

First, there is a financial cycle that often does not move in sync with the business cycle. The financial cycle tends to be much longer than the business cycle—15-20 years rather than 8-10 years, according to several studies cited by Claudio Borio. So policymakers have to be sensitive to financial conditions being out of line with the underlying economic conditions.

Third, most of the policy response after 2009 has focused on demand stimulus. Not enough attention has been paid to balance-sheet repair. Most standard economic models focus on an output gap but pay too little attention to the way capital is mis-allocated. China is an excellent example of this.

Source: Global economics: Why financial cycles matter – Livemint

Jim Hightower | To Have a People’s Government, We the People Must Build It


.. millions of our neighbors have long been disengaged, viewing the political scrum as somewhere between irrelevant and repugnant.

But, suddenly they’re back — alert not only to Trump, but to their congress critters and to that menagerie of freaky, rightwing corporate mutants that Trump-Pence has put in charge of our government.

In January, one red-district Texan told a reporter: “I think of politics the way I think of my car. I just want it to run [without my spending] a lot of time.”

Only a few weeks into the Trump-Does-Washington spectacle, he learned a fundamental lesson: “You get the politics you work for.”

Source: Jim Hightower | To Have a People’s Government, We the People Must Build It

Explainer: The Trumps’ conflict of interest issues


Among the Trump Organization’s holdings are 16 hotels, 17 golf courses, a modeling agency, a production agency and at least 25 residential real estate properties (a minimum of 17 domestically and eight overseas).

His over 500 companies have dealings in 25 countries including India, Panama, Scotland and the Philippines.

Source: Explainer: The Trumps’ conflict of interest issues

Verizon’s Day Of Reckoning Is Here (NYSE:VZ) | Seeking Alpha


The problem for Verizon – as demonstrated in Q1 – is that the race to the bottom is well underway in terms of wireless offerings to consumers.

The second-tier players like T-Mobile and Sprint have been offering what frankly amount to better options for consumers in a lot of ways and Verizon’s stranglehold on its dominant position is eroding in a big way.

The fact that subscriber growth went negative is a huge red flag for VZ shareholders and to be honest, I think the reaction in the stock was a bit muted considering all the headwinds VZ has in front of it.

Source: Verizon’s Day Of Reckoning Is Here – Verizon Communications (NYSE:VZ) | Seeking Alpha

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