Scrap copper in China is selling for 30 cents a pound less than New York futures, about twice the discount three months ago, because of weakening demand there, according to Robert Stein, president of the non-ferrous division of the Bureau of International Recycling .
Robert Stein, president and managing director of Astor Asset Management, says he reduced his equity exposure in mid-July and is using exchange-traded funds to protect against a market decline. Bloomberg Radio's Catherine Cowdery reports on Exchange Traded Funds.
For more than 30 years Republicans have won elections by promising to cut middle-class taxes, or at least to stop middle-class tax increases. No domestic issue has been as reliable a vote-winner. But now Republicans are in a bind. The huge deficit makes tax-cut promises seem impractical.
American industries from film-making and construction to accounting and health care powered broad- based job gains in February, a show of confidence among employers in the face of federal budget cuts and tax increases.
M.D. Sass Investors Services Inc., a closely held manager of more than $5 billion, participated in an auction of New Jersey tax liens that has come under the scrutiny of U.S. antitrust investigators probing rigged sales.