Daily Reads 6/4/2019
Hi, everyone. For this Tuesday, check out Michael Batnick’s piece on coddling of the American investor. Chipotle could face $15 million in costs due to tariffs on goods from Mexico. We take a look inside the borrowing culture among U.S. Farmers, and how this could be an unstable practice. Learn the five key steps in tax preparation for your loved one’s estate. And we learn some interesting insights on James Holzhauer, the Jeopardy contestant that used sports bidding strategies to earn big.
After Black Monday in 1987, Vice President George H.W. Bush said “My view is that you don’t just jump out there and make a statement when there is a hurricane raging outside unless you have something intelligent to say.”
Chipotle Mexican Grill Inc. could face about $15 million in costs this year if the U.S. carries out proposed tariffs on goods from Mexico. The U.S. restaurant chain gets avocados from south of the border.
Despite a half-decade of falling grain prices, Midwestern farmland has held much of its value, and has become the foundation for a borrowing boom. Farm debt across the US has risen to $427bn, close to amounts that preceded the 1980s agricultural crash, when adjusted for inflation.
A loved one who was “financially comfortable” has passed away. What happens now tax-wise? Good question, especially if you’re the one responsible for dealing with such matters. This column addresses some of the most important tax-related considerations. In an earlier column, I covered other important tax issues.
Much has been made about what allowed Holzhauer — a professional sports gambler — to string together a fascinating run of Jeopardy! dominance. Is it trivia prowess? Buzzer speed? Savvy betting strategy?