As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
A new, disturbing milestone has been confirmed in the latest Forbes World Billionaires List. The U.S. billionaire class is now larger and richer than ever, with 813 ten-figure oligarchs together holding $5.7 trillion. This is a $1.2 trillion increase from the year before — and a gargantuan $2.7 trillion increase since March 2020. The staggering upsurge shows More
SubmittedA tax credit is an amount taxpayers claim on their tax return generally to reduce their income tax. Eligible taxpayers can use them
Neil Bennett, global co-CEO of H/Advisors, takes the Notebook pen to talk wealth taxes, the ONS, and why history's the new rock and roll.
California’s massive budget deficit, coupled with the state’s relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits. The surge in unemployment brought on by the COVID pandemic pushed the state’s unemployment insurance trust into insolvency. And over the last year California’s joblessness has been on the upswing again, reaching 5.3% in February, the highest among all states. The March job numbers...
President Donald Trump made history this week as the first former president to stand trial on criminal charges. But he’s not only facing 34 felony charges, he now has a new problem to contend with too. This week the prosecution asked Judge Juan Merchan to sanction Trump for posts they said violated a gag order barring Trump from publicly attacking witnesses. The judge said he would hear arguments on the subject on April 23rd. MSNBC's Brian Tyler Cohen takes a closer look at what this could mean...
Xbox and Windows are natural bedfellows given their shared Microsoft heritage, but Sony has clearly spotted an fling, with its recent launches of PlayStation exclusives for PC gamers. Now Sony is going farther with a new PlayStation Overlay for Windows PCs that gives PC gamers access to their PlayStation friend list, as well as their trophies and settings. Save £100 on a refurbished PS5 Music Magpie is selling refurbished PS5 consoles in ‘Very Good’ condition at a £100...
President Joe Biden received bad news on the economy just before his visit to Scranton, Pennsylvania, on Tuesday.Federal Reserve Chairman Jerome Powell said that inflation has struggled to progress towards the central bank's target band and that policymakers need more "confidence" that inflation was cooling before they can lower interest rates. A delay in rate cuts could be a blow to Biden as it suggests that borrowing costs are likely to stay higher for longer, stifling areas of the economy...
Tesla announced global workforce reductions of "more than 10%" in an internal email Monday to staff from CEO Elon Musk, according to electric-vehicles.com, a specialist outlet, in a report later covered by Reuters.Newsweek has not seen the original email and was unable to verify its content. Tesla did not respond to a request for comment.The ContextThe reported layoffs come amid a tough start to the year for Elon Musk and his electric-vehicle company. Quarterly results released at the beginning...
MEDFORD, Ore. – NBC5 News heard from a former Asante employee who’s saying she’s had trouble receiving her unemployment benefits from Oregon. Catherine Bogan was one of Asante’s 3% of workers laid off in February by the health system. She said she’s been experiencing severe delays in call times with the state employment office and […]
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...
Was it as bad for you as it was for me? Sending Washington money we earn, but Washington doesn’t, I mean? It’s not just being part of half the nation that pays taxes while the other half doesn’t that bothers me. It’s the waste and unnecessary programs and agencies that have long outlived whatever usefulness they once had (if they were ever necessary). And still President Biden wants to raise taxes even more without proposing a single dollar be cut to reduce our unsustainable $34 trillion debt. ...