The link between taxation and human rights has always been tenuous. Whatever rights we may have as citizens — or as persons — do not necessarily transpose to our status as taxpayers. Here in the United States, the equal protection clause of the Constitution is a prime example. It was long ago decided the congressional
Month: October 2019
Housing in China. Getty In 2005, when I first began living in China, rent was incredibly low—as in, $100 per month for a two bedroom apartment near Zhejiang University in Hangzhou. This wasn’t just due to the fact that everything was cheaper back then or a lack of adjusting for inflation, but relative to the
A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Johnson & Johnson, which recalled 33,000 bottles of baby powder earlier this month, said Monday it retested its baby powder and found no signs of asbestos that prompted the recall. J&J pulled the powder off of shelves after federal regulators said
UAW members on strike outside a GM plant in Flint Michigan on Sept. 16th, 2019. Michael Wayland | CNBC DETROIT – A 40-day strike by the United Auto Workers union against General Motors cost the automaker about $3.8 billion for the year, significantly higher than previously estimated by Wall Street. After accounting for interest and taxes,
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, Sept. 18, 2019. Andrew Harrer | Bloomberg | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Fed likely to
Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the
kupicoo | E+ | Getty Images The aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients’ sake, as well as their own. With the average age of financial advisors somewhere in
If Valentine’s Day is a Hallmark holiday, Halloween was made for Instagram. When it comes to spending, nearly half, or 48%, of millennials said they purchased items strictly for the social media posts, compared to less than a third of those in Generation X, according to a new report from CompareCards by LendingTree. About 4
Thank you, Benjamin Franklin. He’s the one who’s ultimately responsible for the extra hour of sleep most Americans will get when we “fall back” at 2 a.m. November 3 this year. (Franklin suggested the idea in 1784 as a way to save candles during winter mornings and nights. The practice became official in the U.S.
Share to facebook Share to twitter Share to linkedin The Internal Revenue Service (IRS) is warning taxpayers about a Social Security number (SSN) scam currently making the rounds. As part of the scam, thieves may call – often as a “robocall” – and try to get you to call back by claiming that your SSN
Berlin-based Alicja Kwade’s first permanent public installation in the United States, “Absorption,” … [+] is located at Avery Lane in San Francisco’s Transbay neighborhood. STUDIO PHOCASSO SAN FRANCISCO, Calif. – Related California recently unveiled the first permanent public art installation in the United States for Berlin-based artist, Alicja Kwade. The installation was commissioned for The
President Donald Trump (C) accompanied by Senator David Perdue (R-GA) (R) and a member of the military stand as members of the military are recognized during Game 5 of the World Series between the Washington Nationals and Houston Astros at Nationals Park in Washington, DC on October 27, 2019. Tasos Katopodis | AFP | Getty
Ken Frazier, Chairman and CEO, Merck & Co., speaks during a meeting of the Economic Club of New York, October 3, 2018. Brendan McDermid | Reuters Drugmaker Merck reported a drop in third-quarter profit on Tuesday, hit by a $982 million charge related to its acquisition of Peloton Therapeutics. Net income fell to $1.90 billion,
2020 presidential candidates Senator Bernie Sanders, an independent from Vermont, from left, former U.S. Vice President Joe Biden, Senator Elizabeth Warren, a Democrat from Massachusetts, and Pete Buttigieg, mayor of South Bend, arrive on stage for the Democratic presidential candidate debate in Westerville, Ohio, U.S., on Tuesday, Oct. 15, 2019. The candidates meet for the
The S&P 500 surged to a new all-time high on Monday, and Goldman Sachs says the bull market will keep on rolling into 2020 on the back of three big buyers: corporations, foreign investors and US households. Companies will spend $470 billion on stocks next year, with foreign investors and US households contributing $50 billion
Could a poorly planned retirement contribute to divorce? Women declare, “He’s always there! I … [+] married him for life, not for lunch!” Getty Shortly after wrapping up my lecture on the future of retirement a petite older woman approached me. Confidently, she quickly positioned herself between me and other attendees that had follow up
Antoni Porowski and Yael Aflalo at the Forbes 30 Under 30 Summit in Detroit. Adi Muhtarevic On July 4, Antoni Porowski posted a photo on Instagram of him and Queer Eye co-star Jonathan Van Ness sharing a kiss. The chaste peck was meant as a joke, a coy wink to hopeful fans, but the bit
CNBC’s Jim Cramer attributes the market’s rise to record levels to both consumer and business demand. The “Mad Money” host breaks down how performances in luxury brands reflect consumer strength. Later in the show Cramer lays out what the $10 billion defense contract awarded to Microsoft means for the computer maker’s cloud services. Demand is
Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018. Janhvi Bhojwani | CNBC AT&T said on Monday it would consider adding two new board members and selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor
Employees walk in Luziajui business district of Shanghai, China. Lucas Schifres | Getty Images BEIJING — The Chinese government’s latest efforts to make it easier for foreign businesses to operate locally come as China’s own companies seek to be global players. China pushed ahead this month with long-awaited announcements for removing foreign ownership limits in
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