South African winemaker warns land seizures could be ‘disastrous’ for industry & economy
At the moment, South African wineries are not a subject to land redistribution, where a white minority reportedly still owns almost three quarters of the land - almost a quarter century after the end of apartheid.“There is no historic ‘land ownership’ that was taken away in the winelands area. But if the constitution is amended, it might as well happen. It can go both ways. For now we believe in the law as is, and continue investing,” Josef Dreyer, winemaker at RAKA wines told RT. South African farmers panic after list of apparent expropriation targets published However, there is uncertainty looming over the vineyards, and it hardly adds to confidence in this business, said Dreyer. If land expropriation hits winemakers, the effect would be ‘disastrous’ for the … [READ MORE...]
John Calder, British Publisher Who Fought Censorship, Dies at 91
“It is very disappointing,” Mr. Calder said after the verdict. “It certainly will be greeted with dismay in all publishing circles and by its writers.”To argue the appeal, Mr. Calder hired John Mortimer, the barrister and writer who created Horace Rumpole, a popular lawyer character in novels and TV shows. Mr. Mortimer, he believed, would know how to argue the literary merit of Mr. Selby’s book.Mr. Mortimer prevailed, and the court lifted the obscenity ruling.John Mackenzie Calder was born on Jan. 25, 1927, in Montreal. His father, James, was part of a Scottish family with timber, brewing and liquor businesses, and his mother, Lucienne (Wilson) Calder, was raised by a French Canadian family with banking and distillery wealth.Living largely in England until being evacuated to Canada during … [READ MORE...]
Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes
The federal government has a history of taking a hard-line view of this industry. In 2015, the Federal Reserve Bank of Kansas City likened Colorado’s legalization of marijuana to allowing “trade in endangered species or trade with North Korea.”But that hard-line is beginning to change, which could mean that down the road, federal regulations might loosen up.Senator Chuck Schumer, Democrat of New York, said last month that he would introduce a bill decriminalizing cannabis. And President Trump recently suggested that he would be open to signing a law that would allow states to control their cannabis industries without threat of federal prosecution. A business group, the National Cannabis Industry Association, recently produced a video encouraging citizens to ask Congress to “support legal … [READ MORE...]
Latest News
Tensions Between Turkey and U.S. Soar as Trump Orders New Sanctions
The deepening standoff raised questions of whether the two strong-willed leaders were risking even broader chaos as they vied for the upper hand in a widening diplomatic dispute largely focused on individual personalities.An evangelical preacher, Mr. Brunson, who has lived in Turkey for 23 years, is one of about 20 Americans, including a NASA scientist and chemistry professor from Pennsylvania, who have been swept up in Mr. Erdogan’s crackdown since the failed coup two years ago.Mr. Erdogan says … [Read More...]
At Carrier, the Factory Trump Saved, Morale Is Through the Floor
The bad vibes can be catching. “It makes it so depressing you don’t feel like going in,” he added. “I need the job, but some days you just want it to be over with.”The Corporation Is Thriving. Workers Aren’t.The sense of abandonment at Carrier didn’t arise from the factory floor in isolation. A few days after the deal with the president-elect in December 2016, the chief executive of United Technologies, Greg Hayes, sat down for an interview with Jim Cramer of CNBC. Things looked considerably … [Read More...]
An Economic Upturn Begun Under Obama Is Now Trump’s to Tout
What Mr. Trump has been particularly well positioned to do, though, is identify himself with economic success. He made his name as a celebrity tycoon. “It dovetails with a narrative about Donald Trump that has existed for a long time: that he’s a businessman, that he understands the working of the economy, that he knows how to make money,” said Mark Rozell, dean of the Schar School of Policy and Government of George Mason University in Virginia.Mr. Obama’s background was in community organizing … [Read More...]
Strategies: Vanguard Warns of Worsening Odds for the Economy and Markets
The forecast suggests opportunities, not just problems, Mr. Davis said. The 10-year outlook, for example, includes lower projected annualized returns, but still positive ones, for these two stock categories:■ United States stocks, an expected 10-year return of 3.9 percent, annualized, down from a projection of an 8 percent annualized return, made in March 2013;■ Stocks from markets outside the United States, 6.5 percent, annualized, down from 8.7 percent in 2013.Non-United States stocks are more … [Read More...]
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Small Business
Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes
The federal government has a history of taking a hard-line view of this industry. In 2015, the Federal Reserve Bank of Kansas City likened Colorado’s legalization of marijuana to allowing “trade in endangered species or trade with North Korea.”But that hard-line is beginning to change, which could mean that down the road, federal regulations might loosen up.Senator Chuck Schumer, Democrat of New … [Read More...]
Some Said They’d Flee Trump’s America. These People Actually Did.
Unplugging and Yet NotJust like late-1960s hippies, right? But living an untethered life has gotten easier now that many people need only a laptop and a fast internet connection to earn a living. Websites like Nomadlist help people decide where on Earth to go. The rise of Airbnb makes it easy to rent space in most corners of the globe with a swipe of your iPhone. Roving parents can find global … [Read More...]
Your Money
Retiring: Helping Banks Flag Fraud Against Seniors
“Then the buyer calls and says, ‘I paid too much, send me back $100, or $400,’” Ms. Sykes said. “They try to get the customer’s banking information that way.” Wiring money can be another way to obtain a person’s account information.The bank, on California’s affluent central coast, also has seen a major uptick in check fraud, with more than five times as many fraudulent check cases reported so far … [Read More...]
Wealth Matters: When a $1,000 Gift Is Better Than $1 Million
The vast majority of charitable gifts — some $286 billion, out of $410 billion given last year — come from individual donations, according to Giving USA, the annual report on philanthropy in the United States. Foundations, like the ones run by Mr. Gates and Mr. Bloomberg, account for $67 billion of gifts made.The KentPresents festival, in its fourth year this weekend, attracts Nobel laureates, … [Read More...]