A Chicago alderman once again is threatening to block Chick-fil-A from opening a restaurant in his Northwest Side ward because of the owner's stance against gay marriage — after saying earlier that he had dropped his opposition to the fast-food outlet. Ald. Proco...
Business
Airlines Fees vs. Fares: Impacting Taxes
The liberal Washington Post complains: There’s a 7.5 percent federal tax on every airline ticket. The money goes into a fund that pays for the air transportation system: airports, capital improvements and the operation of the Federal Aviation Administration. ... When...
The Fed & Debt Cancelation
I met a European trader in a bar this week, who brought up the possibility that at some point, the Bank of England might just rip up the UK government debt it has acquired through quantitative easing -- just straight up throw it on the fire, and tell the government it...
What Drives Corporate Profits?
In a heady story over the Business Insider today Joe Weisenthal walks us through an analysis as to why corporate profits are so high right now. It generally all comes down to this chart: It shows the various drivers and drags on corporate profitability. So for...