Axel Merk: Time to Take ‘Chips Off the Table’
“Instability may be the new normal,” portfolio manager Axel Merk warns. Is there anywhere safe to hide?
Andy Friedman: GOP in ‘Strong Position’ to Take Senate
But the party that wins the Senate majority is “unlikely to influence greatly” the legislation that emerges from the post-election Congress, says Friedman.
Diversification Is Futile; Economy a ‘House of Cards’: Axel Merk
Investors cannot rely on traditional investment principles at a time when government and consumers have a common interest in currency debasement, says Axel Merk.
IRS Says It Will Revise Rules on Political Nonprofit Groups
Following political uproar from many sides, agency said it will revise rules on 401(c)(4) groups before holding public hearings.
Friedman: Senate Control Within GOP’s Reach, but Tea Party Could Weaken Grasp
Republicans' prospects for retaking the Senate and White House could fade if the party tilts too far right, says Washington Update's Andy Friedman.
Doctor Performs Autopsy on U.S. Retirement System
Failure to raise the retirement age will be cited on America’s death certificate if we don't act, Dr. L. Stephen Coles says.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.
Friedman: 5 U.S. Budget Battles Yet to Fight
While Congress recently avoided a government shutdown, five big fiscal issues remain unresolved, says The Washington Update's Andy Friedman.
IRS Scandals Fueled by Lack of Funds, Taxpayer Advocate Says
In her annual report to Congress, Nina Olson calls for a taxpayer bill of rights that she says might have prevented the political targeting scandal.
Government Shutdown Ends, Debt Default Averted
Federal employees began returning to work on Thursday after the legislation passed both houses of Congress late Wednesday and was signed into law by President Barack Obama just after midnight.