.@JoeBiden in October: “I have this strange notion, we are a democracy … if you can’t get the votes … you can’t [legislate] by executive order unless you’re a dictator. We’re a democracy. We need consensus.” pic.twitter.com/7UotJCXSm3 — Tom Elliott (@tomselliott) January 26, 2021 Mirrors: video.twimg.com/ext_tw_video/1354035193263353857/pu/vid/720×406/S3TgqAKkFOY7tfDJ.mp4?tag=10 video.maga.host/videos/watch/dcf1de71-7d71-4a21-a635-29519f4a21d1 h/t –Ponzo
Month: January 2021
Regressive taxation systems are more likely to be found in developing countries or emerging market economies than in the economies of developed countries. The predominance of regressive taxation in less-developed countries is mainly due to the fact that regressive tax systems are generally simpler tax systems. Countries with less-developed economies overall are also countries likely
JPMorgan Chase & Co. signage is illuminated at night at a bank branch in Chicago, Illinois, U.S., on Tuesday, July 10, 2017. JPMorgan Chase & Co. is scheduled to release earnings figures on July 13. Photographer: Christopher Dilts/Bloomberg via Getty Images JPMorgan Chase is taking a page from the digital disruptors. The biggest U.S. bank
This article is part of the FT’s Runaway Markets series GameStop’s rocket-fuelled trading this month, which has taken the stock’s gain in 2021 to almost 1,800 per cent, is a vivid example of how a new army of day traders have “weaponised” financial derivatives to their advantage. The game retailer’s stock had catapulted 135 per
This week’s pair successfully reached the correct contract, but squandered a chance to gain a valuable extra trick … A fine agreement is that, having agreed a minor-suit, any new bids made at the 2 or 3-level are stopper-showing bids looking for a no-trump contract. In the old days, these were called Minor-suit Trial bids. Hence,
The SECURE Act’s 10-year limit on tax deferral by retirement account beneficiaries has attracted advisors’ attention, but that far-reaching law also includes three annuity-related provisions — ones which “make it likely that annuities will become more prevalent in company plans,” says Mike Webb, vice president at Cammack Retirement Group in New York. The one Webb
In the past 48 hours, Bitcoin has tested the $30,500 support level on two occasions. Historically, when a major support area is tested repeatedly, it often breaks. On the third retest on Jan. 27, Bitcoin broke below $30,000. However, $30,000 is a highly important support level for BTC, and hence, whales might try to buy
A soaring grand room with a limestone fireplace, sugar pine ceiling trusses and hand-carved … [+] staircases. Slifer Smith & Frampton Real Estate Aspen is famous for skiing, its music festival and an unparalleled collection of luxurious housing. First among equals is the Peak House, the highest home in an area called Red Mountain. It
Herman Termeer (cq) watches the brushfire at Chino Hills State Park from the roof of his house on Tuesday, Oct. 27, 2020 in Chino Hills, CA. Myung J. Chun | Los Angeles Times | Getty Images Roughly 35 million homes, or nearly one third of the nation’s housing stock, are at “high risk” of a
For months now our newsdesk has followed the tracks of a mysterious whale from 2010, a miner who not only mined thousands of bitcoin back in the day, but has also spent over 8,000 bitcoin during the past ten months. This week, the Russian blockchain researcher, Issak Shvarts published a report about the decade-old block
Capitol Building in Washington, DC getty Estate planning attorneys were inundated at the end of 2020 with year-end gifting. Many people felt that with Biden in the White House and the possibility of Democrats controlling both houses of Congress, the Trump-era tax reforms would be rolled back. In particular, the concern was that Democrats would
Louisiana is asking the federal government for an additional $3 billion in aid to help pay for recovery in communities affected by hurricanes Laura, Delta and Zeta last year. Gov. John Bel Edwards wrote to President Joe Biden requesting the additional federal funding. The governor also asked the White House for a reduction in the
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) Bitcoin-U.S. dollar prices are solidly lower in early U.S. trading Wednesday. Trading remains very choppy and volatile. Bulls are working to
Stocks have entered a kind of speculative frenzy… by Graham Summers of Gains, Pains, & Capital Stocks have entered a kind of speculative frenzy. You’ve no doubt heard or read about Gamestop (GME) the bricks and mortar video game retailer. The company has been in trouble for months, failing to turn a profit since 2018.
Johnson & Johnson announced that it is likely to release the Phase 3 trial results of its Covid-19 vaccine candidate soon as the US pharma company reported its 4Q and FY20 earnings. Shares gained 2.7% and closed at $170.48 on Jan. 26. “We continue to progress our COVID-19 vaccine candidate and look forward to sharing
Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing reported a quarterly loss of $15.25 per share, which included $8.3 billion in charges relating to the 737 Max and a delay in the 777-X program, among other factors. Boeing’s revenue came in above Wall Street forecasts. Separately, EU
Authored by Sven Henrich via NorthmanTrader.com, Oh dear, the Fed has a problem. It’s one thing to deny a bubble when it’s only cranks like me on Twitter pointing out the unfolding market distortions. Yet bubble talk is now all the rage from Bloomberg, the FT, and others. Indeed Chineses stocks got in trouble last night
As renters struggle to make monthly payments due to the economic impact of the coronavirus pandemic, apartment owners are starting to feel the squeeze. Owners of multifamily apartment buildings are falling behind on loan payments. Building income for some has been insufficient to cover bank loan payments due to the federal eviction moratorium and “tenants
Executives of Etsy applaud as they open the Nasdaq MarketSite ahead of Etsy’s initial public offering in New York, April 16, 2015. Michael Nagle | Bloomberg | Getty Images Shares of Etsy are popping on Tuesday after Tesla chief Elon Musk sent a simple tweet about the e-commerce company. Ety’s stock rose 9% in premarket
Fund managers and bankers leaving Hong Kong for alternative financial centres have been asked to explain their decision to a range of government agencies amid concerns that Beijing’s national security law could cause departures from the Asia finance hub to multiply. Government agencies including the Securities and Futures Commission of Hong Kong, the Hong Kong
Tullow Oil has secured an additional month from its banks before it faces a test on a key lending facility, as the oil explorer and producer continues refinancing talks with its creditors. A test on Tullow’s reserve-based lending facility — a form of funding where a company’s oil and gas reserves are used as collateral
The turn of every new year always generates a plethora of goal setting activity. This year, consider closing the gap between your actions and objectives. Become more effective at what you do. Abraham Lincoln is said to have uttered some practical words in this regard. If he had six hours to chop a tree down,
Topps Digital released their latest line of NFT collectibles today, featuring Senator Bernie Sanders and his winter mittens as the subject of the promotional series. The collectibles, dubbed “GPK Bernventures,” are digital packs containing two non-fungible tokens issued on the WAX blockchain. The card drawings are in the style of Topps’ long-running Garbage Pail Kids
HUD-approved housing counselors can discuss options with homeowners who are having trouble paying … [+] their mortgage. getty The Federal Housing Administration announced Tuesday that it will carry out President Joe Biden administration’s request to extend the deadline for financially stressed borrowers with FHA-insured mortgages to seek mortgage payment forbearance from their mortgage servicers. The new deadline
New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for
As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down. This Iranian blitz on cryptocurrency miners, however, appears to contradict the country’s previous policies towards cryptocurrency mining. The Real
getty After reading this post, you are likely to think—that is so obvious. How could I and my estate attorney both have missed this? Don’t feel bad. We have reviewed thousands of wills and trusts and in our experience hardly anyone gets this right. The mistake often costs families tens of thousands of dollars or more. I’m referring to
The scourge of COVID-19 has slammed the residents and the economy of Miami, but the resilience of its people has kept the Magic City vibrant, growing and moving ahead, Mayor Francis Suarez said in his State of the City address on Tuesday. “Over the past year we have been tested, we have adapted, and we
[embedded content] In a talk published this week, iron ore magnate Andrew Forrest laid out ambitious plans for his company to fight climate change. “I have a confession to make. The iron ore company I founded 18 years ago, Fortescue, generates just under 2 million tonnes of greenhouse gas every year,” said Forrest, who gave
It’s unknown whether gold will make a base and rally, or possibly move under $1767 and find support near the low around $1671. Investors… by Stewart Thomson of Graceland Updates Jan 26, 2021 1. With the ratio charts of most senior miners versus gold bullion looking droopy at best, I will suggest that inflation is needed to
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