5 easy ways to save money using your smartphone

A high-end smart phone is expensive. It might be one of the top five most expensive things you own. Unlike your car, though, which you have to constantly feed and repair, your phone is capable of pitching in. No, it’s not going to get out of bed in the morning and haul itself off to a job it hates, the way you do. It’s a smart phone. But you can eke a little money out of it, if you know what you’re doing. Here are six strategies for harnessing all that smart power in your pocket to fatten your bottom line. 1. Find the lowest price You found a thing… Read More

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The limits of the Fed

Mainstream economic policymaking rests on a division of labor: The Federal Reserve should worry about managing the macro-economy — balancing job creation against inflation — while Congress should focus on balancing its budgets. But now this way of doing business is coming under assault, thanks to things like Modern Monetary Theory and the left’s push for Medicare-for-all and a Green New Deal. But here’s the funny thing: Even if you set aside this big clash of ideas and grant mainstream economics its assumptions, this assignment of roles makes no sense. Recall that the central bank’s main job is to adjust interest rates. Increasing interest rates cools off inflation but also… Read More

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How Ontario’s Proposed Carbon Price Is Not A Carbon Tax (Probably, Maybe)

TORONTO — Ontario ministers continued their crusade against carbon taxes last week even as their government posted details of its own pollution pricing plan. “We oppose a carbon tax in any form, absolutely,” Finance Minister Vic Fedeli said at a press conference on Wednesday. “It will hurt our businesses and it will hurt families.” The day before, Ontario’s ministry of environment proposed a system that will set standards for industrial emissions and charge companies that don’t comply. “It is absolutely pricing carbon,” environmental economist Dave Sawyer told HuffPost Canada in an interview. “[Companies] will be paying the government money for being out of compliance. It could be called a tax.”… Read More

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Ontario’s Cancelled Sick Leave Policy Would Have Cost Little More Than A CEO’s Salary

Ontario’s cancelled paid leave days would have cost multinational businesses in the province just 2.2 times their CEO’s salary, according to an analysis carried out by HuffPost Canada. The government of Premier Doug Ford recently repealed a labour bill that, among other things, guaranteed employees two paid personal leave days a year. That came after intense lobbying efforts from the province’s largest corporate advocacy groups. For a full-time employee with two weeks’ vacation, the change would have been the equivalent of a 0.84 per cent raise. For the large multinational and Canadian companies analyzed by HuffPost Canada, the average wage cost would have been $22 million a year, or 0.8… Read More

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Why the German economy is sputtering

The German economy ground to a halt in the fourth quarter of last year. For most economic observers, this was a startling development. Despite the never-ending economic crises wracking Europe, Germany seemed like a perpetual bright spot, steadily clocking in 2-to-2.5 percent real GDP growth since 2014. But in the last year, Germany’s growth nosedived and officially hit zero in 2018’s final months. If it falls any further, Europe’s biggest economy will be in recession territory. The story of how this happened begins with a straightforward fact: Exports are nearly half the German economy. Between 1970 and 1995, exports slowly rose from 15 percent to a little over 20 percent… Read More

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New York Mayor Bill de Blasio on Amazon: ‘They couldn’t handle the heat in the kitchen’

Referring to Amazon’s decision to pull its H2Q campus out of New York’s Long Island City, New York City Mayor Bill de Blasio told NBC’s Chuck Todd “this is an example of an abuse of corporate power,” on Sunday’s edition of Meet the Press. “They said they wanted a partnership, but the minute there were criticisms, they walked away,” de Blasio said. “What does that say to working people, that a company would leave them high and dry, simply because some people raised criticisms?” He agreed with Todd’s sentiment that the corporate giant was none too keen on getting mixed up in New York City politics. “They couldn’t handle the… Read More

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