The Department of Labor's fiduciary rule faces two hurdles: a lawsuit and now, the Trump Administration's efforts to delay or perhaps kill it off. On Friday, President Trump signed an order directing the Treasury secretary to review the 2010 Dodd-Frank financial regulatory law. You remember Dodd-Frank, the big legislation meant to reign in the excesses of Wall Street after the financial crisis, right?
Read MoreShame Definition, according to Merriam-Webster:
20,000 may just be a number, but it's a big, round one. It took 42 days for the Dow Jones Industrial Average to move from 19,000 to 20,000, the second fastest thousand-point rise in the history of the index. (The quickest occurred in 1999, when it took just 24 trading days for the Dow to rise from 10,000 to 11,000.) The most recent leg up in the market has been referred to as “Trump Bump,” because the index has jumped by about 9 percent increase since Election Day.
Read MoreTax preparation season opened on January 23 and once again, due to a Washington DC holiday, the tax -filing deadline is April 18th, rather than April 15th, so procrastinators will have an extra three days to dawdle. For early bird filers, there is also good news: under provisions of the 2015 Protecting Americans from Tax Hikes (PATH) Act, employers are now required to file their copies of Form W-2 and certain 1099-MISC for independent contractors to the Social Security Administration, by January 31.
Read MoreAs President Obama leaves office, it’s time to reflect on how the economy fared during his tenure. Because of the size and complexity of the U.S. economy, I have generally believed that presidents take too much credit or blame for what occurs on their watch. In many cases, bad luck or good fortune can play a larger role in a particular president’s economic performance than actual policy.
Read MoreHow was the job market in 2016? With the final employment numbers of 2016 now in, it’s time to award medals to various components of the labor market.
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