zz Economic News

The Economy – Retirement – Taxes

Economy:

Black Homeownership Drops to All-Time Low – Wall St journal 7/19/2019 “…Homes in neighborhoods with a high concentration of white borrowers on average have seen their homes appreciate 3% from 2006 through 2017, according to the study. However, homes in neighborhoods with a concentration of black borrowers on average are worth 6% less than they were in 2006….”
JP Morgan, Goldman and others boost dividends and buybacks after passing Fed stress test – CNBC 6/27/2019 “…All 18 of the big institutions tested by the Fed won approval to boost payouts with the exception of the U.S. division of Credit Suisse….”
Consumer Confidence Declines to Lowest in Two Years – US News 6/25/2019 “…’Although the Index remains at a high level, continued uncertainty could result in further volatility in the Index and, at some point, could even begin to diminish consumers’ confidence in the expansion.’….”
1st-Time Homebuyers Are Getting Squeezed Out By Investors – npr.org 6/21/2019 “…The pool of smaller, affordable starter houses is low. And increasingly, first-time homebuyers are competing with investors who are buying up these homes. Last year, investors accounted for 1 in 5 starter-priced homes, according to data released by CoreLogic on Thursday. The rate of investor purchases of starter homes has been rising and has nearly doubled since 1999….”
Soft U.S. factory activity darkens economic outlook – Reuters 6/21/2019 “…While many indicators still point to a healthy economy, Fed policymakers are increasingly concerned that the 10-year economic expansion could be in danger….”
Fed’s stress test shows nation’s top banks could withstand $410 billion of losses – MarketWatch.com 6/21/2019
Trump Official Goes Rogue, Says Climate Change May Cause Next Financial Crisis – Vanity Fair 6/12/2019
GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows – Washington Post 6/11/2019
U.S. Economy Celebrates 10 Years of Growth, But No One’s Partying – Bloomberg 6/6/2019
Nearly every state is better prepared for a recession than New Jersey – NJ.com 5/21/2019
Shining the spotlight on NJ’s dirty secrets of tax incentives – northjersey.com 5/12/2019
Why US economic growth isn’t as strong as it looks – CNN 5/1/2019
US economic growth is likely to slow sharply this year and next, according to CNBC’s Fed Survey – CNBC 3/19/2019
Freiman, Mukherji and Murphy Bill Establishing Retirement Savings Plan Clears Legislature, Heads to Governor’s Desk – Insider NJ 2/25/19
“This is a big deal”: Murphy joins growing effort to restore your property tax deduction – nj.com 2/23/19
Robert Reich: America Faces a Threat Far Greater Than Trump – truthdig 2/5/19
Government shutdown cost economy $11 billion, budget office says – NBC News 1/28/19
A Sober Look At The Economy – Washington Post 1/2/19
Trump’s Tax Cut One Year Later; What Happened? – NY Times 12/27/18
Economy Is Strong. Leadership Is Shaky. Which Will Win Out in 2019? – NYTimes 12/24/18
Something Just Doesn’t Add Up Here – Amdur Group, printed in The Record “the job report” 12/23/18
The benefits of this ‘strong economy’ have not reached all Americans – Washington Post 12/13/18
Murphy’s risky plan to spark Jersey’s sagging economy – NJ.com 10/7/18
NJ Economy at a Glance – Bureau of Labor Statistics

Retirement:

New Jersey poised to create auto-IRA program – Investment News 2/28/2019
For Workers Without Retirement Savings, State-Run I.R.A.s Can Pay Off – NYTimes 4/20/18

Taxes:

N.J. Democrats Send Murphy Budget Without Millionaire’s Tax – Bloomberg 6/20/2019
Which States Are Givers and Which Are Takers – The Atlantic 5/5/2019
MANY PEOPLE ARE TOO BROKE FOR BANKRUPTCY – Pacific Standard 4/15/2019
Lots of states mooch off New Jersey and your federal tax dollars. And Trump’s tax law could make it worse. – nj.com 1/9/19
Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
Ocasio-Cortez’s 70 Percent Top Tax Rate Is a Moderate, Evidence-Based Policy – NY Magazine 1/4/19
NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
A Year After the Middle Class Tax Cut, the Rich Are Winning – Bloomberg 12/18/18
Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class – nj1015.com 10/17/18
Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com 9/10/18
N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class – nj1015.com 10/17/18
Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com 9/10/18
N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
Trump says property tax deduction has rest of America subsidizing N.J. He’s wrong. – NJ.com 10/2/17N.J. Democrats Send Murphy Budget Without Millionaire’s Tax – Bloomberg 6/20/2019
Which States Are Givers and Which Are Takers – The Atlantic 5/5/2019
MANY PEOPLE ARE TOO BROKE FOR BANKRUPTCY – Pacific Standard 4/15/2019
Lots of states mooch off New Jersey and your federal tax dollars. And Trump’s tax law could make it worse. – nj.com 1/9/19
Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
Ocasio-Cortez’s 70 Percent Top Tax Rate Is a Moderate, Evidence-Based Policy – NY Magazine 1/4/19
NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
A Year After the Middle Class Tax Cut, the Rich Are Winning – Bloomberg 12/18/18
Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class – nj1015.com 10/17/18
Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com 9/10/18
N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
Ocasio-Cortez wants higher taxes on very rich Americans: Here’s how much money that could raise – Washington Post 1/5/19
NJ Democrats are squabbling over taxes. ‘Period, full stop’ – northjersey.com 12/20/18
Ivanka, Kushner could profit in N.J., N.Y. development deals from tax break they pushed – NJ.com 12/12/18
Is this a Fair Share? Taxes Paid by NJ’s Poor, Rich and Middle Class – nj1015.com 10/17/18
Here’s more proof, thanks to the IRS, of how Trump tax law slammed N.J. – NJ.com 9/10/18
N.J. budget: Here’s how much you’ll actually pay in new taxes, and what you’ll get – NJ.com 7/21/18
Trump says property tax deduction has rest of America subsidizing N.J. He’s wrong. – NJ.com 10/2/17