Urgent goals might justify more debt for a while, the economist Robert Shiller says, but this does not license unlimited spending or endlessly accelerating debt. Source: NYT > Business – ROBERT J. SHILLER
Trump’s Fed Pick Owes $75,000 in Unpaid Federal Taxes
Court records reveal a lien against Stephen Moore, an economic adviser whom the president said last week he would nominate to the Fed’s Board of Governors. Source: NYT > Business – JIM TANKERSLEY
Wealth Matters: The Teddy Bear Test, and Other Ways to Pass a State Tax Audit
Wealthy people with multiple homes may try to establish residency in lower-tax states to reduce their bill. Advisers say it’s a complicated task. Source: NYT > Business – PAUL SULLIVAN
Lawmakers Support ‘Pied-à-Terre’ Tax on Multimillion-Dollar Second Homes
Gov. Andrew Cuomo said the tax on homes in New York City could allow the state to raise $9 billion in bonds to help fix the subway. Source: NYT > Business – JEFFERY C. MAYS and JESSE McKINLEY
Amazon’s Hard Bargain Extends Far Beyond New York
Amazon often plays politics with a distinctive message: Give us what we want, or we’ll leave and take our jobs elsewhere. Source: NYT > Business – KAREN WEISE, MANNY FERNANDEZ and JOHN ELIGON
Cuomo Speaks With Bezos, Furiously Trying to Win Back Amazon
The governor of New York has called Jeff Bezos and other Amazon executives to persuade them to resurrect their plan to build a campus in Long Island City. Source: NYT > Business – J. DAVID GOODMAN