Month: June 2021

In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
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The Covid-19 pandemic made many pre-existing economic inequalities worse, including the precarious situation of Black and non-white workers and the pressures on women to juggle work and care responsibilities.  The pandemic also magnified economic pressures on vulnerable older workers, and our post-pandemic economic and equity policies must include them. Why do older workers matter to the economy?  First, they make up
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Recently, President Biden unveiled his 2022 budget request. Shortly afterwards, and for the first time since the Obama Administration, the U.S. Treasury Department released its General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, better known as the “Green Book.” As was widely anticipated, President Biden’s budget calls for some significant changes to the capital
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Li Ka-shing’s real estate flagship company is said to be mulling a sale of UBS AG’s London headquarters, according to a Bloomberg report on Thursday. CK Asset Holdings is reportedly in discussions with several buyers for 5 Broadgate, a Grade A office building adjacent to the Liverpool Street train and subway station. The company acquired
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In this article TSLA AMZN CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes. In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl
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The Covid-19 pandemic has had far-reaching financial impacts. It is important to understand the pandemic’s effects to help mitigate additional financial consequences that may develop in the future. One big revelation is that the pandemic exacerbated the growing economic inequality our society experienced over many decades. The negative impact of the Covid-19 pandemic has been
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