Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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Knee-jerk reports of the labor market’s sudden ill health are exaggerated. Sure, many fewer jobs than expected – 142,000 – were created last month as workforce participation fell. But underemployment, long-term joblessness and other metrics are still showing steady improvement.
The student loan refinancing startup raised $1 bln this week, and online loan shop Avant pulled in $325 mln. The involvement of smart investors suggests these multibillion-dollar upstarts have room to run. More important, though, is whether they can endure the credit cycle.
The boisterous billionaire says 75 mln Americans won’t pay taxes if he’s U.S. president and business rates will be halved. Missing is how to pay for these cuts and more. Fuzzy numbers are the hallmark of a man whose wealth can’t be verified and is linked to four bankruptcies.
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