Tomorrow, JPMorgan Chase, Citigroup and Wells Fargo will report earnings for the first few months of the year. This year is shaping up to be a good one for the big banks, which are hauling in record profits. Analysts expect the new tax law and consumer confidence to be big boosters. Click the above audio player […]

It’s an ongoing problem: how to transform persistently poor parts of the country? Well a program coming out of the new tax law hopes to solve that problem. Today is the initial deadline for states to nominate “opportunity zones,” which will try to draw private investment to these areas. But the program may just make […]

A line item in the tax law creates a new Opportunity Zone program, with incentives to draw business to underdeveloped places. This strategy has been tried by former administrations, and state and local governments, with results that have often been disappointing. Click the above audio player to hear the full story.