The Traderszone Network

Edward Cardinal Egan, the ninth archbishop of New York, died Thursday afternoon of cardiac arrest, according to the Archdiocese of New York.

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Stocks rose for the first time in three sessions Thursday, amid mixed economic data and news that the European Central Bank will start its quantitative easing soon. The Nasdaq rose 0.3%, while the Dow Jones industrial average edged up 0.2% and the S&P 500 ticked up 0.1%. Volume ended lower on both major exchanges in the stock market today, according to preliminary data.

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It is not good for U.S. exports, and especially not good for people whose jobs depend on them. The greenback is at is strongest level since September 2003.

One reason employers could be hesitating to adopt rollover FSAs is a worry that it will cost them more. Any unspent FSA money goes to employers, who can use it to defray the cost of other employee benefit programs.

Warby Parker, the affordable and socially conscious eyewear firm, could be worth as much as $1.2 billion dollars. That is, if the New York-based company accepts a new funding deal. According to Sam Hamadeh, …

Submitted by David Stockman via Contra Corner blog,

Once upon a time businesses borrowed long term money – if they borrowed at all – in order to fund plant, equipment and other long-lived productive assets. That kind of debt was self-liquidating in the sense that it usually generated a stream of income and cash flow that was sufficient to service and repay the debt, and to kick some earned surplus into the pot as well.

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The job-creating engine of the U.S.

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