Latest from Adam Allington

• Jun 2, 2017

  Climate agreement isn’t dead for U.S. automakers

  Microsoft, Shell, GE and Cargill are among those warning that President Trump’s decision to withdraw from the Paris Agreement on climate change will put U.S. companies at a disadvantage. Click the audio player above to hear the full story.

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• Jun 1, 2017

  New survey finds trade skill jobs least desirable among students

  Thousands of high school seniors graduating this month will begin the process of choosing a career, or at least thinking about one.  The Boy Scouts of America, through its coed career development program, aims to align those choices with future in-demand jobs. But a new BSA survey produced a surprising result — young people aren’t […]

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• May 29, 2017

  Baby boomers begin mandatory retirement account withdrawals. Are they ready?

  Seventy and a half. That is the magic age that starts mandatory withdrawals from 401(k)s and other tax-deferred retirement accounts. The oldest members of the baby boom generation start hitting that age this year, and the milestone is expected to have significant implications for the financial services industry. Click the audio player above to hear […]

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• May 26, 2017

  Trump sounds off about Germany’s trade surplus, again

  President Trump sounded off in a meeting with G-7 officials yesterday, allegedly saying that Germany is “bad, very bad” for running up a trade surplus with the U.S., selling millions of cars on American shores. This is not the first time the president has called out Germany on trade, and it’s safe to say that […]

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• May 26, 2017

  Minorities increasingly priced out of housing market

  

  In growing metro areas, median-income families of color can’t afford to buy a home

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• May 23, 2017

  Trump budget gives states more power, less money to manage safety net for poor

  President Trump’s first major budget proposal will cut away at the safety net for the millions who live at or below the poverty line. The budget being released today proposes mammoth cuts to Medicaid as well as revamping anti-poverty programs. States will have more power to set spending priorities, but have much less to spend. […]

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• May 18, 2017

  Trump’s proposed education budget puts federal initiatives on the chopping block

  A copy of President Trump’s proposed education budget has been leaked to the Washington Post. In total, the plan would eliminate $10.6 billion from federal education initiatives, including things such as after-school programs for the poor, teacher training, and surprisingly, work-study funding for college students. The cuts to work-study, together with other proposed rollbacks in college […]

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• May 15, 2017

  China pushes for free trade leadership as U.S. retreats

  Chinese President Xi JinPing is calling for wider participation in his country’s massive “One Belt, One Road” infrastructure project. Xi hosted a summit in Beijing over the weekend to tout the benefits of the plan, which will expand trade links between China, Asia, Africa and Europe. Meanwhile, the Trump Administration is pushing ahead with its “America […]

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• May 12, 2017

  Store-branded cards are a life raft for sinking retail

  Department stores, those vestiges of the past, just can’t catch a break these days. Yesterday, shares of both Macy’s and Kohl’s plummeted as investors grow more pessimistic about brick-and-mortar retail in an e-commerce world. There is one silver lining: Business from store-branded credit cards is up, but it likely won’t be enough to reverse the […]

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• May 12, 2017

  Auto-loan market starting to spook lenders

  The state of the auto loan market is causing some concern among analysts. Many are drawing comparisons with the mortgage-lending crisis that figured largely in the financial crash of 2008. At issue is the growing number of riskier, subprime loans. Default rates are going up too.  And lenders are starting to get spooked.  Click the […]

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