Month: April 2018

Eight years ago, lawmakers in South Carolina embarked on a bold plan to reform the state’s criminal justice system. A 2010 criminal justice reform package, aimed at cutting the number of people sent to South Carolina prisons for low-level offenses, led to a 14% drop in inmates by 2016. That allowed the state to close
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The key takeaway for college students is to think about “what are the skills that might help you thrive with the degree that you love,” said Katie O’Connor, director of content at Credit Karma. That includes potentially pursuing double majors, internships or other strategies that will help boost your prospects at graduation. “Don’t not major
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Summer travelers may find that visiting a national park is a hair pricier this year as some rate hikes go into effect June 1. But nature-loving vacationers shouldn’t worry too much. The planned increases aren’t widespread and aren’t they likely to be a budget-buster. Starting June 1, visitors will pay either $3, $5 or $10
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Botox maker Allergan reported a better-than-expected quarterly profit on Monday and raised its full-year forecast for adjusted net income, driven by higher sales of its medical aesthetics products including the blockbuster wrinkle treatment. The company’s shares rose about 2.4 percent to $166.70 in premarket trading. Sales of Botox, its biggest drug by revenue that is
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The long, weak recovery from the financial crisis of 2008–2009 has finally kicked into a higher gear this year. Stronger economic growth, rising inflation expectations and a policy shift at the Federal Reserve Board, however, will challenge one of the most successful investing strategies of the last decade: credit risk. In a very low-yield environment,
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McDonald’s on Monday reported better-than-expected first-quarter earnings, as menu price increases fueled higher check averages in the U.S. Although McDonald’s has been luring customers with a number of value deals, the larger tickets prove diners aren’t just looking for cheap eats. Global same-store sales were also strong, rising 5.5 percent and topping estimates of 3.7
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Ill-equipped investors may be set for a rude awakening if the rising-rate environment continues, Fundstrat’s Tom Lee is warning. “Rising interest rates, after a period of extraordinary monetary policy and intervention, and a three-decade trend of falling interest rates, is a regime shift markets are not well prepared to acclimate,” Lee wrote in a note
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WASHINGTON — T-Mobile’s proposed merger with Sprint would create a new national wireless giant capable of taking on Verizon and AT&T. The combined company, which would be called T-Mobile, would cover about 100 million customers. But how, exactly, will all those customers fare if regulators sign off on the deal? And what about the millions
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The strong consumer-led domestic demand will also widen India’s trade gap — one of the key issues discussed with China during the Wuhan summit. On current evidence, that’s happening already. In the course of the first quarter of this year, India’s merchandise trade deficit shot up 8 percent. During all of last year, the deficit
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If you’re ready to commit to a boat, watch your expenses. Both the Thomases and Giffords used older boats for their trips: Saturnalia was built in 1973 and Totem in 1982. “You’ll have your boat goal and your provisions goal,” said Ryan Dignum, a financial planner with Dignum Financial Partners in Fort Worth. “You always
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China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation,
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Think about your health costs as part of your overall retirement plan when you’re assessing savings strategies. “It’s a cash flow issue, not a lump sum expense,” McClanahan said. “I tell people, save for the future and do what you can to control your medical expenses, just like you try to control your other expenses.”
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Drew Angerer | Getty Images Adult film actress Stormy Daniels (Stephanie Clifford) and Michael Avenatti, attorney for Stormy Daniels, speak to the media after a hearing related to Michael Cohen. A judge on Friday delayed a lawsuit by porn actress Stormy Daniels against President Donald Trump and his personal attorney. Trump’s attorney, Michael Cohen, asked
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T-Mobile is closing in on a deal to merge with Sprint that will value Sprint near its current market price of $6.50 per share, according to people familiar with the matter. The $26 billion deal could be announced as soon as Sunday, said the people, who asked not to be named because the negotiations are
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Shares of Sprint whipsawed in after-hours trading after CNBC reported that T-Mobile is closing in on a deal with the telecom company for $26 billion. The deal would value Sprint shares near its market price of $6.50, sources told CNBC. The terms of the deal would allow Deutsche Telekom, which currently owns nearly two-thirds of
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DENVER — Twenty years after California first legalized marijuana use for sick people, “medical marijuana” has become a billion-dollar business so cloaked in emotion that it would be virtually impossible to dismantle. Without any real national discussion, most Americans now live where it’s possible to get pot for pain, nausea or other ailments. Thirty states already
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