On Jan. 17, 2018 the Dow Jones Industrial Average reached 26,000. It rose over a thousand points in one week. I think this rally is overheated and not sustainable. On October 11, 2018, it lost four percent of its value in a single day. The correction was caused in part by increasing interest rates, trade wars and low wages, Oh, and unstable leadership.
Copyright 2018 DJ Cline All rights reserved.
On Aug. 11, 2014 Fortune magazine’s Peter Elkind and Marty Jones wrote “Citizenship For Sale” about the government immigration EB-5 visa program. Created by the Bush Administration in 1990, any wealthy person on the planet can buy US citizenship for $500,000 if they promise to create only 10 US jobs. “The growing demand for EB-5 financing is being met largely by new Chinese millionaires, eager for greater freedom and less pollution, or to send their kids to college in the US. More than 80% of the program’s applicants come from China, making it the mother lode for EB-5 prospecting.” The article describes how these investors may be at risk from fraudulent or misleading businesses in the US. It also describes how EB-5 may not be creating that many new jobs in the first place.
Adam Lashinsky wrote “LinkedIn’s Networker In Chief” about LinkedIn CEO Jeff Weiner.
Copyright 2014 DJ Cline All rights reserved.