‘Germany not 51st US state’: Trade lobby blasts US interference in Nord Stream 2 gas project
“As for issues of energy supply and energy security, Germany must not yield to dictation or influence of other countries, whether it is Russia or the US. Germany is not the 51st state of the US,” the chairman of the German-Russian Chamber of Commerce, Matthias Schepp, said in Berlin on Thursday. Also on rt.com Nothing stopping Russian-German trade turnover's rapid growth The pipeline, which will deliver gas from Russia to Germany under the Baltic Sea, is the largest infrastructure project in the EU, according to the trade chamber. It has created 30,000 jobs and is of great importance for European businesses, as around 670 European companies from various industries, including small and medium ones, take part in Nord Stream 2.The … [READ MORE...]
Jussie Smollett Won’t Be on Final Episodes of ‘Empire’ Season
There are several corporate changes that may determine Mr. Smollett’s fate as well.In a matter of weeks, 20th Century Fox Television, the studio that produces “Empire,” will be folded into The Walt Disney Company after Disney closes on its purchase of many of Fox’s entertainment properties. Suddenly Disney’s opinions of Mr. Smollett will become a vital part of the calculus.Likewise, the Fox broadcast network, which is not part of the sale and will still be owned by the Murdoch family, has a new set of leaders that will guide a different path for the network. It will be up to those leaders, led by the Fox Entertainment chief executive Charlie Collier, to decide whether they want “Empire” on the air and if they want to include Mr. Smollett.The producers who announced that Mr. Smollett would … [READ MORE...]
This Legislation Could Force Stores to Take Your Cash
Ms. Pou, who represents the Paterson area, said that she had many constituents who lack bank accounts, including low-income families deterred by fees and minimum balance requirements. (A report by the Federal Deposit Insurance Corp. in 2017 estimated that 6.5 percent of American households were “unbanked.”) Older adults also may not have electronic payments set up, or be comfortable using them, she noted.The penalties in the proposed bills range from hundreds to thousands of dollars. In the New Jersey bill, they could go up to $5,000 for a second offense. A spokesman said the governor was considering whether to sign the legislation.Ms. Pou said that business groups and Amazon had expressed opposition to the bill, and she worked with businesses to include exceptions, including for airports, … [READ MORE...]
Latest News
It Started With a Jolt: How New York Became a Tech Town
After the financial crisis, graduates with computing skills shunned Wall Street for Silicon Valley. But that is no longer the case, as the finance industry is attracting young talent and seasoned technologists. Last year, for example, JPMorgan Chase lured Apoorv Saxena, a senior A.I. product manager at Google, to lead the bank’s A.I. product development, and Manuela Veloso from Carnegie Mellon University to head an A.I. research team.For Ms. Samuel, 25, the job was appealing, but so was the … [Read More...]
Labor’s Hard Choice in Amazon Age: Play Along or Get Tough
In some respects, these arguments go back decades. Thomas Kochan, a management professor at the Massachusetts Institute of Technology, noted that the United Automobile Workers and General Motors negotiated a new arrangement when the company set up its Saturn division in the mid-1980s. In exchange for a role in managerial duties, the union agreed to forgo many of the work rules typical in other plants, such as those governing which worker could do what job. The arrangement stoked tensions within … [Read More...]
U.S. Wrangles China for Firm Commitments as Trade Talks Continue
The administration has been searching for concrete, commercially based criteria for performance outcomes — not just superficial legal changes that leave no impact on the ground. For example, even though China has changed laws to allow foreign companies greater access to its markets, a variety of regulatory barriers and licensing requirements continue to prevent foreign companies from operating freely, said Scott Kennedy, a China scholar at the Center for Strategic and International Studies.“Even … [Read More...]
Corner Office: Delta C.E.O. Ed Bastian: ‘Leadership Is Not a Popularity Contest’
It was a business unit called syndication, where they would produce commercials, and in return take airtime as a barter arrangement. I had this sense that they weren’t realizing actual value in return, and it turned out that the revenues they were booking were totally fictitious. It was just kind of a bookkeeping exercise, and it turned out it was a fraud of $50 million.Soon after that, you wound up managing a team. Was that difficult so early in your career?When you’re young, you want to be … [Read More...]
Previous news
- Fed Explains Pause as Officials Debate Future Rate Increases
- Democrats Want to Tax the Wealthy. Many Voters Agree.
- With Interest: The Week in Business: Amazon Breaks Up With New York, and Warren Buffett Takes Stock
- Watch Out. Tax Season Is Even More Stressful Than Usual.
- Northern Virginia Is Keeping Amazon’s 25,000 Jobs, and Wants You to Know It
Small Business
This Legislation Could Force Stores to Take Your Cash
Ms. Pou, who represents the Paterson area, said that she had many constituents who lack bank accounts, including low-income families deterred by fees and minimum balance requirements. (A report by the Federal Deposit Insurance Corp. in 2017 estimated that 6.5 percent of American households were “unbanked.”) Older adults also may not have electronic payments set up, or be comfortable using them, … [Read More...]
Fixtures: The Baumans, Sellers of Really, Really Rare Books
In a town of sparkle and flash, rare books are an anomaly, but for the Baumans, they are lucrative. One visitor spent $400,000 on “The Great Gatsby” and McKenney and Halls’ “History of the Indian Tribes of North America” in a single visit. Another, a quiet man in shorts, flip-flops and a T-shirt spent $15,000 on a first edition of “Huckleberry Finn” and then several weeks later returned to pick … [Read More...]
Your Money
A Man in Florida Mistakenly Received a $980,000 Tax Refund, and Officials Say He Tried to Keep It
Taxpayer refunds are sent out in batches via an expedited electronic system, Mr. Pine explained. If a refund is red flagged, it ought to prompt a closer examination by an I.R.S. employee who “should have immediately and proactively stopped the refund from being issued based on the obvious discrepancy between the income reported of $18,497 and the refund generated of $980,000.”Mr. Blanchett has not … [Read More...]
your taxes 2019: ‘Opportunity Zones’ Offer Tax Breaks and, Maybe, Help for Communities
But the rules are complex, and the Treasury and the Internal Revenue Service didn’t clarify many details until October; more guidance is still expected. The recent government shutdown didn’t help.That said, opportunity funds are beginning to gain steam. The main questions for investors — such as what kind of investment gains are eligible for investment in an opportunity fund — generally have been … [Read More...]