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Athens On The Potomac - It Could Never Happen Here, Right?

Submitted by John Gabriel via Ricochet.com, Financial experts in New York, London, and Brussels have tut-tutted Greece’s economic travails as Athens considers its future with the European Union. Why did they borrow so much money? How...Show More Summary

Is Puerto Rico Another Greece? 10 Questions

Greece isn’t the only country warning that it can’t pay its creditors. The government of the U.S. commonwealth of Puerto Rico said Monday that it won’t be able to repay debts it has piled up over the past decade. Here's a quick tour of what's happening there.

After The Supreme Court's Decision, How To Improve On The Affordable Care Act

The Supreme Court’s June 25 decision in King v. Burwell preserves federal health care subsidies under the Affordable Care Act (ACA) for Americans who reside in states that have opted not to create their own health insurance exchanges. In so doing, it removes an immediate uncertainty for those who would [...]

Why Congress Should Let Puerto Rico Declare Bankruptcy

It hasn’t exactly been a quiet week in the world’s debt markets. Not only has Greece defaulted on a loan from the International Monetary Fund but on Monday Puerto Rico’s governor, Alejandro Padilla, announced that the island’s seventy-two-billion-dollar...Show More Summary

Construction Spending increased 0.8% in May

Earlier today, the Census Bureau reported that overall construction spending increased in May:The U.S. Census Bureau of the Department of Commerce announced today that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8 percent above the revised April estimate of $1,027.0 billion. Show More Summary

Leap Second Causes ‘Sporadic Outages’ Across the Internet

Yesterday's leap second caused "sporadic outages" in more than 2,000 networks that link machines across the internet. The post Leap Second Causes ‘Sporadic Outages’ Across the Internet appeared first on WIRED.

The Newcomers To America's Richest Families 2015: Clans Behind OxyContin, Tootsie Roll, Grey Goose

FORBES dug up 33 new billionaire clans for its 2015 list of America's Richest Families. Among them, the families behind OxyContin, Tootsie Roll, Chick-fil-A, Grey Goose vodka and the fourth largest wine producer in the U.S.

How the Changes to Overtime Rules Will Affect Your Business

Following President Obama's announcement about changes to overtime pay standards, the Department of Labor released more details.

One year of grace for housing

An onslaught of new supply is set to hit the market at the same time as the interest rate cycle begins to turn.

Fed’s Brainard Sees Little Evidence of Strains in Market Liquidity

Federal Reserve Governor Lael Brainard on Wednesday pushed back against industry complaints that post-crisis reforms to financial regulation are reducing market liquidity--the ability to buy and sell securities quickly--and potentially laying the groundwork for another bout of turmoil.

Puerto Rico: Not Your Father’s Debt Crisis – or Your Greek Uncle’s

In a remarkable statement, Governor Alejandro Garcia Padilla announced this week that Puerto Rico’s debts are “not payable.” Nobody was really surprised. The island can work its way out of this financial mess with a two-pronged strategy:...Show More Summary

If You're Looking for Inspiration, Head Straight to This Event

The ever-growing Maker Faire is not only a massive celebration of creativity, it's helping to birth nascent entrepreneurs.

You Won’t Believe What Fed Vice Chair Fischer Said About Jobs

After sweating through several days of the expected Greek default, it is nice when the Central Bankers provide us with humor to help keep our sanity. Federal Reserve Vice Chairman Stanley Fischer claims that the USA is finally near full employment! Well, the number of people NOT in the labor force is greater than 37% […]

Greece and its tourists are painting very different pictures of the 'chaos'

Greece defaulted last night as it failed to make its €1.6 billion ($1.8 billion) payment to the International Monetary Fund — and Greeks are panicking. Immediately following Greek Prime Minister Alexis Tsipras' shock referendum announcement...Show More Summary

Greece: Tsipras sends letter to creditors

Greek Prime Minister Alexis Tsipras has reportedly outlined the conditions for Athens' acceptance of a loan offer. ||| Brussels - Euro zone officials said a letter sent to creditors by Greek Prime Minister Alexis Tsipras on Tuesday contained conditions for Athens' acceptance of a loan offer that at least some governments would find hard to accept. Show More Summary

4 successful entrepreneurs who went against Silicon Valley beliefs

There isn't just one way to build a successful startup and certainly not the only way Silicon Valley professes.

Small Businesses and Capital: A Q&A with American Express's Executive Vice President

Small business financing isn’t something new; however how it’s being delivered continues to evolve and grow. Companies like Square- founded in 2013 - and Kabbage – founded in 2009 – are among the many companies that help to make up this space, as well as American Express, which introduced their [...]

Why Your Business Must Focus on Google Local Listings

Why Your Business Must Focus on Google Local Listings written by John Jantsch read more at Small Business Marketing Blog from Duct Tape Marketing Marketing Podcast with Mike Blumenthal If you run a business that relies on local customers...Show More Summary

If Donald Trump Owned An NFL Team

When New Jersey Governor Chris Christie announced that he would be the 14th Republican presidential candidate for the 2016 election, his announcement included the well-established axiom: “I say what I mean and I mean what I say.”  That could have easily been the mantra of another presidential candidate. His name [...]

Merkel dismisses Tsipras's last-ditch compromise plan

``In an address to the Bundestag, the German chancellor, Angela Merkel, reiterated her stance that there was no point in having talks with the government of Alexis Tsipras before a referendum in Greece on an EU bailout plan.''

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