The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Why Chinese Men Are DyingMortality rates among Chinese men aged 41 to 60, who account for nearly three-quarters of the working-age population, increased by 12% over the past decade. […]
- Apple, Samsung Need to Dazzle in a Slow MarketFor the two largest players in the smartphone business, Apple and Samsung, the goal this year is to restore some luster to their brands. Both saw smartphone sales fall for the first time in 2016. […]
- Cheap Flights to Europe: Bad for Airlines' Fat MarginsThe entry of long-haul, low-cost carriers like Norwegian Air to the trans-Atlantic market is upending a profitable patch for the likes of American, Delta and IAG-owned British Airways. […]
- Why Chinese Men Are Dying