Are stocks cheap yet? When I was a young Wall Street analyst visiting institutional investors in Boston, I sat in a money manager’s office and noticed his framed print of red-jacketed riders on a fox hunt. He asked me what I thought about a certain technology stock. I walked him through my forecast for the … Read more
Millions of Americans will soon face the daunting task of choosing health insurance for 2023. If you’re one of them, it pays to be aware of little-known benefits—and some pitfalls—of health savings accounts, known as HSAs. HSAs are now a key feature of many health-insurance plans, both for employees and individual buyers. There were about … Read more
The UK’s new prime minister, Liz Truss, has an ambitious plan to revive her country’s flagging economy. It’s the only plan any British politician or economist has been able to offer that has any shot at success. It also very likely won’t work, alas, and mostly through no fault of Ms. Panty. Here follows a … Read more
Public sector union membership has grown in recent years, although private sector union membership has largely remained static. According to 2021 data from the Bureau of Labor Statistics, the proportion of unions in the public sector is about five times that of the private sector. Union advocates see unionization in government as the path to … Read more
Defenders of President Biden’s half-trillion-dollar loan forgiveness claim that student debt is a drag on the economy. But shouldn’t higher education be an investment? The real problem is that federal subsidies have distorted this investment and resulted in a misallocation of human capital. America’s bureaucratic-education complex has produced too many young people with too much … Read more
An art teacher leads a lesson in her classroom in New York on January 5. Photo: Michael Loccisano/Getty Images School district and public university administrators across the country will soon welcome thousands of new teachers and professors to orientation sessions. And then those administrators will have to leave the room so the unions can recruit … Read more
The last Tax Report came out just as Congress took up the Inflation Reduction Act, and it discussed the bill’s $80 billion in proposed new Internal Revenue Service funding. Over half the new dollars were earmarked for new tax enforcement, especially audits of high-earning taxpayers, while the rest was to improve operations, technology and taxpayer … Read more
During the second year of the pandemic, American college students and their families continued to pay less for the college experience. The average cost families paid for college fell for the second year in a row during the 2021-2022 academic school year, according to the latest How America Pays for College report from Sallie Mae … Read more
AUSTIN (KXAN) – Next fiscal year, Austinites may pay more for energy, waste collection and other services. Mayor Spencer Cronk outlined his budget proposal Friday morning, which includes a 2.7% increase in a typical resident’s monthly bill for taxes and services. According to the proposal, the property tax rate will decrease, which means that if … Read more
The more than $ 500 billion in non-bitcoin investor losses will attract lawsuits.