Political Capital

Finance

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Yellen: Meaning of ‘Some Time?’ — ‘Indirect Pushback’ Seen

It depends on what the meaning of  “some time” is. Federal Reserve Chair Janet Yellen got everyone’s attention — meaning the stock markets — when she said at a press conference on March 19 that the Fed might start raising...

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Job seekers at a job fair in New York on Jan. 16, 2014.

Photograph by Victor J. Blue/Bloomberg

Job seekers at a job fair in New York on Jan. 16, 2014.

Brookings Papers Turn Conventional Wisdom on Its Head

As The Brookings Institution holds its Spring 2014 Papers on Economic Activity conference, a summary of some interesting findings: One in three American households live hand-to-mouth, spending every disposable penny they make. Two-thirds of them aren’t poor, a paper by...

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Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Bloomberg by the Numbers: $55 Billion

The Federal Reserve is scaling back its monthly securities purchases to $55 billion from $65 billion. The Fed’s stimulus program is “not on a pre‐set course and the committee’s decisions about the pace of purchases remain contingent on its outlook...

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New York Gov. Andrew M. Cuomo

Photograph by Spencer Platt/Getty Images

New York Gov. Andrew M. Cuomo

Cuomo: Closed-Door Budget Talks Transparent, Really

Classic New York budget negotiations go like this: the governor and the leaders of the two legislative houses stake out disparate positions publicly. For the next two weeks, the three privately meet in the governor’s office. The meetings rarely appear...

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Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Camp’s Bank Tax Drawing Party Fire

– written with Cheyenne Hopkins When Republican Rep. Dave Camp proposed a version of President Barack Obama’s bank tax, he irritated more than just the handful of companies that would be on the hook for $86.4 billion over the next...

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A testing pool at the General Electric Co. manufacturing plant in Montrose, U.K.

Photograph by Simon Dawson/Bloomberg

A testing pool at the General Electric Co. manufacturing plant in Montrose, U.K.

Bloomberg by the Numbers: $1.95 Trillion

The biggest U.S.-based companies have accumulated $1.95 trillion in offshore profits after adding $206 billion to those stockpiles last year. The multinational companies have an incentive to park profits overseas because federal lawmakers haven’t decided how those funds should be...

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Elon Musk, co-founder and chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp. (SpaceX), left, arrives to testify at a Senate Appropriations subcommittee hearing in Washington, D.C., on March 5, 2014.

Photograph by Pete Marovich/Bloomberg

Elon Musk, co-founder and chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp. (SpaceX), left, arrives to testify at a Senate Appropriations subcommittee hearing in Washington, D.C., on March 5, 2014.

Elon Musk Sets Sights on Mars

The Red Planet is in Elon Musk’s sights. “After Apollo, we were supposed to go to Mars? What happened,” asked Musk, the Tesla Motors chief executive officer and chairman of Space Exploration Technologies Corp. Musk spoke in an interview after...

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Tim Draper, managing partner of Draper Fisher Jurvetson, in Los Angeles.

Photograph by Armando Arorizo/Bloomberg

Tim Draper, managing partner of Draper Fisher Jurvetson, in Los Angeles.

Silicon Valley Not Only a State of Mind – State of its Own, per Draper

Silicon Valley is known for innovation, for thinking outside the box. It brought us the iPhone. But will it give us six new states? Menlo Park venture capitalist Tim Draper — whose firm bet early on Hotmail, Skype, Tesla, and...

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People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Photograph by John Moore/Getty Images

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Income Taxes May Mean Economy Hasn’t Taken Much of a Weather Hit

The weather has helped produce some pretty weak readings of economic activity — that much even Federal Reserve Chair Janet Yellen has admitted. Federal tax receipts, however, are showing a picture of stronger growth. Income and payroll tax collection data...

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Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Blackstone, Other Private Equities Face Corporate Tax Rates in Reform

Blackstone Group, KKR & Co. and other publicly traded private equity firms would be forced to go private or pay the corporate income tax under a plan from the top Republican tax writer in Congress. The proposal from Rep. Dave...

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