Isolationists Accusations of Nazi links As the country agonized over whether to join the fighting in Europe during World War II, a group of law students at Yale — including Gerald Ford, a future president; Potter Stewart, a future Supreme Court justice; and R. Sargent Shriver, a future director of the Peace Corps — formed…
WASHINGTON — The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect. The deficit rose nearly 17 percent year over year, from $666 billion in 2017. It is…
“The sell-offs took place in the two days before the bellwether financials reported,” said Richard Nackenson, an equity market portfolio manager with the asset manager Neuberger Berman. “They took place in the absence of facts, actual earnings and forward-looking statements. So we’re now starting to replace unknown concerns with real evidence.” The outlook for banks…
Here’s what to expect in the week ahead: BANKING Big banks continue to report earnings. More big banks are scheduled to report earnings this week. Bank of America goes first, on Monday morning, followed by Goldman Sachs and Morgan Stanley early on Tuesday. In a statement that came with his bank’s earnings release on Friday,…
The cost to borrow money is on the rise. That is bad news for home buyers and other prospective borrowers. It helped cause a stock market sell-off on Wednesday and Thursday, and prompted President Trump to say that the Federal Reserve has “gone crazy.” But it amounts to good news for the long-term direction of…
LOS ANGELES — From pulpits across Los Angeles, Pastor Kelvin Sauls has spent the past few months delivering sermons on the spiritual benefits of fasting. The food in the sermon is rent, and landlords need less of it. “My role is to bring a moral perspective to what we are dealing with around the housing…
A supply of housing sufficient to meet urban needs in California will not be built for decades, if ever, and right now building doesn’t seem to be helping much. Many of the newer rental buildings carry high-end prices, while stock of affordable housing is actually falling. Given that, rent control is an easy and off-the-shelf…
The county also has a manufacturing economy. BSH Home Appliance Corp., has manufactured Thermador ranges and ovens at its plant in LaFollette for more than 20 years. Including a cooking technology center in Caryville, Tenn., the company employs more than 330 people, according to a spokesman, Joe Foster. Recently, another native, Rick Teague, in partnership…
TORNIO, Finland — You must have a very good reason to toil in iron-melting heat an hour’s drive south of the Arctic Circle. But there is an economic logic behind the Finnish steel maker Outokumpu’s huge complex in this small city, where reindeer fillets are regular fare. Its centralized production line of high-grade stainless helps…
“What people are looking for — not just employees — they are looking for some clarity,” said Frank Shaw, a Microsoft spokesman. “Are there principles that get applied? Even if you don’t agree with the decision that gets made, if you understand the thinking behind it, it helps a lot.” Amazon did not respond to…