Angelo Young

Is It Time to Break up Amazon?

Let’s get this over with first: It’s an understatement to say consumers love shopping on Amazon.com.

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Trump’s Bellicose Trade Rhetoric May Nix the Benefits of His Corporate Tax Cut and End the Second-Longest Expansion

Janet Yellen, the former head of the Federal Reserve who stepped down earlier this year, once declared that economic expansions don’t die of old age. Her remark has become a popular slogan among economists when they’re asked whether the U.S. is long overdue for a recession.

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America's Cities Are Screwed

From a bird’s-eye view, the U.S. economy is looking very expansionary. The jobless rate is at near record lows while gross domestic product is rising. Retail sales are up while a measure of confidence among small business owners just hit a 34-year high.

But as the adage goes, all economics is local. One part of the country can enjoy the fruits of national economic growth, while another languishes in opioid addiction, poverty and falling wages.

When it comes to municipal finances, the same rules apply. With 16 states and thousands of local public entities fiscally worse off than they were just before the Great Recession, the march toward higher interest rates and the threat of global trade wars with U.S. neighbors and allies could make things worse for struggling state and local governments.

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Will Medicare Be Dead in 8 Years?

If you want to know something that annoys the hell out of young working-age Americans, just look online at how much the media devotes to blaming them for their financial stresses.

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Why an AT&T Antitrust Victory Could Spark a Battle for Most of Rupert Murdoch’s Empire

Like the nemeses from a fantasy drama, a game of thrones is playing out in the world of digital media, and by summer we could witness an epic battle erupting between titans vying for control of a media kingdom currently ruled by Rupert Murdoch.

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The Trump Administration Is Making the Puerto Rico Tragedy Exponentially Worse

Seven days. That’s how long it’s been since Hurricane Maria made landfall in Puerto Rico, yet many communities are still stranded and waiting to receive any aid from the outside world.

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Even a Fox News Host Is Getting Death Threats After Criticizing Donald Trump

You know President Donald Trump has gone too far when even hosts at his favorite news channel think he’s gone too far. And the hosts themselves are learning quickly what it’s like to be on the receiving end of threats from hardcore members of Trump’s base.

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Donald Trump Is Afraid of Steve Bannon, and That's Why He Won't Fire Him: Report

Steve Bannon has built a lucrative career as an outspoken advocate and defender of white male privilege, but his strategy of pandering to the nation’s inner nationalist-racist demon that helped Donald Trump win the presidency is increasingly becoming a problem for the administration.

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Why Is Donald Trump Jr. Receiving National Security Documents?

Technically speaking, Donald Trump Jr. has no official government role, yet he apparently still receives sensitive White House documents — sometimes even before his father does.

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President Trump Is Now Trying to Suck up to Robert Mueller

In a sudden about-face, Trump has sent a warm message of “appreciation” to FBI special counsel Robert Mueller, who stepped down from his lucrative position at a Boston-based law firm to take on the role of investigating whether Russians colluded with the Trump campaign during the 2016 presidential race.

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Google Employee's Viral Anti-Diversity Manifesto Confirms Your Worst Fears About Tech-Bro Culture

The recent leak of an “anti-diversity” manifesto penned by an unidentified Google software engineer has reignited the furor over the U.S. tech industry’s diversity problem.

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How Social Media Is Dumbing Down Our Society

In our digital era of smartphones and social media, it seems nearly everyone suffers from communication overload. Less than 15 years ago, most netizens had just one or two email accounts, texting was tedious and costly, and mobile phones were primarily used to make, well, phone calls.

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Can Anyone Find an Economist Who Thinks Trump's Tax Cuts Will Pay for Themselves?

Republicans have long preached the gospel of supply side economics, the theory that says cutting taxes and stripping away costly, safety-oriented regulations leads to higher tax revenue from increased economic activity, which leads to more goods and services, greater competition and lower consumer prices.

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Trump Terrifies Wall Street: Professional Investors Are Panicking - Should You?

It’s been a wild ride for markets this week, thanks in part to FBI Director James Comey’s surprise announcement last week about the discovery of new emails related to Hillary Clinton’s email server controversy, which, if polls are any indication, improved Republican Donald Trump’s chances to win the White House on Tuesday. Investors are bracing for what could be the most volatile post-election trading day ever.

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Fancy This: McDonald’s Actually Thinks People Will Buy Its Pesto Caprese Sandwich

For decades, fast-food restaurants were a mainstay of the American eating experience to such a degree that the McDonald’s Golden Arches were as much an indelible symbol of the United States as Lady Liberty.

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When Pork Flies: The F-35, the Pentagon's $1.1 Trillion Flying Money Pit, Is (Sort of) Ready for Duty

Twenty years since the Pentagon began taking bids from defense contractors, the F-35 fighter jet—the most expensive weapon ever made—is finally ready to see active duty over the Pacific Ocean. The U.S. Marine Corps expects to deploy 16 of the stealthy high-tech warplanes early next year at Iwakuni Air Station in Japan. From there, U.S. pilots will begin testing the jets in regular noncombat operations from the Navy’s USS Wasp amphibious assault vessel in what one commanding general has described as the “school of hard knocks.”

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Someone Invented a $50 EpiPen, When Will It Arrive? A Conversation with the Doctor Who Invented It

How much is a potentially lifesaving medicine worth? The question is easy to answer for number-crunching drug company CEOs: as much as they can get away with charging.

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'I'm in a Union - You're Welcome': How Having Strong Labor Unions Helps Everyone Who Works Earn More

Millions of Americans today earn less than their predecessors did 40 years ago, adjusted for inflation, and a big reason for that is declining private-sector union membership—which has dropped from a third of all private-sector employees to just 6.7 percent today.

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Will Health Insurance Companies Succeed Where the GOP Couldn't - in Killing Obamacare?

Congressional Republicans have tried in vain over the years to repeal or overturn all or part of the Affordable Care Act — President Barack Obama’s keystone legislation that has given more than 20 million Americans health insurance coverage in the world’s costliest health care market — since it was signed into law in 2010. But where GOP has failed time and again, private insurers may be succeeding.

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