Dear Dave, I own a duplex that has an opening for a tenant, and an old college buddy wants to rent the apartment. He has always been a good friend, but I’m a little worried about the possible effects on our friendship if business is brought into the picture. Do you have any advice? —Justin…
A Tax Gift to the Rich Divides Democrats
Commentary President Joe Biden repeatedly said he would raise taxes only on the rich to pay for his Build Back Better plan, but now he’s backing a tax break for millionaires and billionaires, contradicting his past promises. While the White House calls it a “compromise” to move the president’s agenda forward, this is a big…
3 Ways to Take Care of Your Relationships During Stressful Times
By Tom Puthiyamadam The global pandemic brought us disruption, heightened anxiety, and a permeating uncertainty no one saw coming. However, there have been silver linings: new ways of working, more time with family, and a true pause to reflect on how we do business in this brave new digital world. The pandemic also ushered in…
Are Companies, Investors Aware of Their China Risk?
November 25, 2021
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyCompaniesinvestorsOpinionThinking About China
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Commentary The earnings of companies within the S&P 500 Index are 90 percent correlated with China’s gross domestic product growth today, according to Bank of America analysts. In 2010, the correlation was zero. That’s an astounding statistic. It’s not unfathomable once you dive into what it means. The S&P 500 consists of the 500 largest…
Balancing Empowerment and Accountability Is Vital in Team Management
November 25, 2021
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accountabilityBusiness & EconomyBusiness ColumnistsBusiness strategyCompanieseconomyempowermentleadershipmanagementOpinionteam buildingTimeless Principles
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By Mark Frissora Business requires balance. For example, a healthy work schedule requires a dynamic relationship between the amount of time spent on cost-saving and revenue-boosting initiatives, and leaders are often guilty of overemphasizing one or the other. As the saying goes, you can’t shrink your way to prosperity, yet a fixation on chasing…
T-Mobile to Settle US Probe Into 2020 Outage for $19.5 Million
WASHINGTON—T-Mobile USA agreed to settle a U.S. probe for $19.5 million after a massive 2020 outage led to more than 20,000 failed 911 emergency calls. The settlement was prompted by a Federal Communications Commission investigation into a more than 12-hour outage in June 2020 that led to congestion across No. 3 wireless carrier T-Mobile’s networks,…
GM to Begin Hummer Electric Pickup Deliveries in December
DETROIT—General Motors Co will begin deliveries of its GMC Hummer electric pickup truck in December, the brand’s chief said on Tuesday. The top-of-the-line “Edition 1” of the Hummer will have an electric driving range of 329 miles, Duncan Aldred told reporters on a conference call. GM is launching the vehicle with that model, with a…
Samsung Expected to Build $17 Billion Chip Factory in Texas
Samsung is planning to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. Texas Gov. Greg Abbott has scheduled a press conference Tuesday to make an economic announcement; he is expected to unveil the Samsung investment at that time, according…
Dollar Tree Makes It Official: Items Will Now Cost $1.25
NEW YORK—Faced with the rising cost of goods and freight, discount retail chain Dollar Tree said Tuesday it will be raising its prices to $1.25 for the majority of its products. Dollar Tree said the reason for raising its prices to $1.25 was not due to “short-term or transitory market conditions” and said the price…
Has Biden Bought an Ally With Easy Money?
Commentary With inflation raging at its highest level in over 30 years, President Biden re-appointed Donald Trump’s Federal Reserve chairman, Jerome Powell, this week, patting Powell on the back for resisting Trump’s supposed attempts at interference in monetary policy. But if Powell has to do anything akin to what the Fed had to do to…
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