Economics and Investing:
Over at the TaxProf blog: IRS Says 114,000,334,000,724,000 Taxpayer Accounts Were Hacked Items from Professor Preponomics: US News Puerto Ricans Don’t Want a Bailout. They Want This… (CNN MONEY) Excerpt: “Governor Alejandro Garcia Padilla claims the island is in a “death spiral” and there’s no way it will ever have enough money to pay all the debt back.” Household Debt Increases to $12T (Washington Free Beacon) Excerpt: “Household debt increased by $51 billion in the fourth quarter of 2015, and now totals $12.12 trillion, or more than $40,000 per household, according to a report from the Federal Reserve Bank of …