wiar 12-21-17

Mary FanslauWhat I Am Reading

Dec 21 (Thursday)

Markets
Tax Bill Injects Calm Into Markets (W)
The Global Bond Market Is Having a Lousy Year-End (B)

Central banks
The challenges Yellen bequeaths Powell (Brookings)

US
Is Record High Consumer Debt a Boon or Bane? (FRB-SL)

China
China Shapes Economic Blueprint Around ‘Xi Jinping Thought’ (W)

US politics
Sweeping Tax Bill Heads to Trump for Signature (W)
Tax Bill Fixes Some Problems, but Exacerbates Others (W)
How the new tax bill encourages tax avoidance (Brookings)
Democrats Prepare to Run Against the GOP ‘Tax Scam’ in 2018 (B)
Senators Threaten Filibuster to Block Key Surveillance Law (W)

Geopolitics & cybersecurity
U.S. Seeks U.N. Ban on Ships Helping North Korea Dodge Sanctions (W)
North Korea Suspected in Theft at Bitcoin Exchange (W)

Industries & companies
Autos: Subaru Probes Potential Fabrication of Fuel-Economy Data (W)
FANGs: Amazon Puzzles Over the Perfect Fit—in Boxes (W)
Financials: Biggest financial regulation stories of 2017, and what to watch in 2018 (Brookings)
Tech: Big Tech Unlikely to Blow Tax Bonus (W)
Tech: The Outlook for Tech Stocks Grows Dimmer for 2018 (B)
Wireless: AT&T Will Give Workers $1,000 Bonuses to Celebrate the Tax Bill (B)
Real estate: Investors weighing if industrial real estate’s hot streak to continue (P&I)
Restaurants: Chipotle Falls on Report of Possible Outbreak at L.A. Restaurant (B)

Corporate finance
BlackBerry Starting to Cast Closer Look at Acquisitions to Bolster Growth (W)

Cryptocurrency
Bitcoin Price Plunges, Recovers as Bitcoin Offshoot Blasts Off (W)
BANK OF AMERICA: Bitcoin is the ‘most crowded’ trade (BI)
MORGAN STANLEY: Investors pumped $2 billion into crypto funds this year — and 2018 will be bigger (BI)
What These Obscure Companies Were Doing Before They Pivoted to Crypto (B)

Offbeat
Worker ‘Idle Time’ Costs U.S. Employers $100 Billion a Year, Study Says (W)