A Little Common Cents This Late in the Year?

December 29, 2017, by John Norris

Section I Here it is, the last business day of the year 2017. Outside my window, it is seasonably chilly without a cloud in the sky. Traffic on the highway, which I can just make out, is a little lighter than it ordinarily is at this time of day. The trees have all lost their leaves, and I struggling to make sense of this past year. For some reason, the first few lines of William...

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Some Last Minute Advice Before the End of 2017

December 27, 2017, by John Norris

Over the past week, even on Christmas Day, I have been inundated with emails detailing things people should do before the end of the year in light of the recent tax legislation. Many of the so-called recommendations would take a few weeks to hammer out with an attorney, if not months, and time is of the essence. But, you know, some of that stuff sure sounded great….really clever. However, there are still a few last...

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A Little Common Cents for December 15, 2018….a very little

December 15, 2017, by John Norris

Outside of politics, the big headline for week was the FOMC (Federal Open Market Committee) meeting on Wednesday. This is the monetary policy making body of the Federal Reserve. In a move which surprised no one, the FOMC raised the overnight lending target rate between member banks from 1.25% to 1.50%. On Tuesday, the futures market put this at a 100% probability. The big question is: just how aggressive with the Fed be in raising...

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John Norris: Does corporate America really need a tax cut?

December 13, 2017, by John Norris

I have read numerous articles which asked the following question in a number of different ways: Does corporate America really need a tax cut? After all, big business pays a lot of people the big bucks to find loopholes and ways around paying its fair share, right? Apparently, these are the same companies which give their top executives eye popping salaries, with all kinds of perks on top of sweetheart fringe benefits. To be sure, there...

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Some Common Cents for December 1, 2017

December 1, 2017, by John Norris

Section I: Last night, I made an economic presentation to the Tuscaloosa Estate Planning Council at the Indian Hills Country Club. This group has asked me to speak 3 or 4 times over the last decade, and it always, and I repeat always, serves filet mignon. What’s more, it has the club serve me first, which obviously allows me to enjoy said steak. Frankly, this is wonderful, and kind of, if not exceedingly, rare. You...

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