Putin discusses free-trade zone with Sisi as Russia’s trade with Egypt surges 62%
The Russian president noted sharp 62-percent growth in trade turnover between the countries, adding that “in the first six months of this year the volume of trade increased 28 percent.” Putin attributed this to diversification of bilateral ties, which include “agriculture, industry, equipment and vehicles.”The president also mentioned “a large contract worth €1 billion to supply passenger cars to Egypt together with Hungarian partners.” Egypt to expand Russian industrial zone in Suez He said Moscow supports the idea of creating a free-trade zone between Egypt and the Eurasian Economic Union (EEU), which would “open up additional opportunities for expanding economic cooperation and trade turnover.”Putin and Sisi discussed the construction of Russia’s … [READ MORE...]
Craig Newmark, Newspaper Villain, Is Working to Save Journalism
His net worth, according to Forbes, is $1.6 billion. Mr. Newmark brushed the figure aside. “My focus is on giving it away in a smart way,” he said, though he didn’t want to say how much he plans to give away. In previous interviews, Mr. Newmark, who owns about half of Craigslist, has asserted he is worth much less than people assume.One thing is clear: He is not spending his money on Craigslist. He can’t remember the last time he got something off the site, although he said his wife used it.“Craig doesn’t need to prove he’s someone by having possessions,” said Sylvia Paull, a media consultant who has known Mr. Newmark for 20 years. “His way of living mirrors Craigslist. For years people have been saying, ‘You’ve got to upgrade the interface, make it more interactive, add color.’ He just … [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
News Analysis: No, Trump’s Tax Cut Isn’t Paying for Itself (at Least Not Yet)
The fiscal year runs from the start of October to the end of September. The tax cuts mostly took effect in January 2018. That means three months of the 2018 fiscal year included a period without the tax cuts in place. If you look only at the nine months after the cuts took effect, you’ll see that revenue is ever so slightly down, year over year: From January through September 2017, revenues were $2.57 trillion. For the same period in 2018, they were $2.56 trillion. Which is to say, they’re down … [Read More...]
When Sears Was Everywhere: Espionage, Politics and Fine Art
IsolationistsAccusations of Nazi linksAs the country agonized over whether to join the fighting in Europe during World War II, a group of law students at Yale — including Gerald Ford, a future president; Potter Stewart, a future Supreme Court justice; and R. Sargent Shriver, a future director of the Peace Corps — formed a group called America First. The United States should stay neutral, the association believed, and quickly grew to more than 800,000 members nationwide. Robert E. Wood, a general … [Read More...]
Wall St. Pins Hopes on Strong Earnings After October’s Ugly Start for Stocks
“The sell-offs took place in the two days before the bellwether financials reported,” said Richard Nackenson, an equity market portfolio manager with the asset manager Neuberger Berman. “They took place in the absence of facts, actual earnings and forward-looking statements. So we’re now starting to replace unknown concerns with real evidence.”The outlook for banks — which have been significant beneficiaries of the Trump administration’s tax overhaul — is strong. Once the third-quarter numbers … [Read More...]
THE WEEK AHEAD: Big Banks’ Earnings and China Growth Report to Give Snapshots of Economies
ECONOMYFederal Reserve to release minutes of September meeting.The Federal Reserve is steadily raising interest rates as the economy grows, notwithstanding the objections of President Trump. The most recent increase, after the September meeting of the Fed’s policymaking committee, made the fourth consecutive quarter that the Fed has raised its benchmark interest rate by one-quarter of a percentage point. The rate now sits in a range of 2 to 2.25 percent. On Wednesday, the Fed will release the … [Read More...]
Previous news
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- Tech Workers Now Want to Know: What Are We Building This For?
- The Trump Trade Strategy Is Coming Into Focus. That Doesn’t Necessarily Mean It Will Work.
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
Your Money Adviser: ‘Virtual’ Doctor Visits Are Enticing Employers. What if You’re the Patient?
It’s hard for some people to break out of the tradition of going to a doctor’s office, Ms. Kwong said. Some people simply may not know the services are available or how they work. She said offering demonstrations of the technology might be helpful.“Seeing is believing, for a lot of folks,” Ms. Kwong said.Tracy Watts, a senior partner at Mercer and a specialist in health care cost management, gave … [Read More...]
Marriott Workers Struggle to Pay Bills, and Credit Union Fees
But even so, he often falls short. The August statement for Mr. Ramirez Paredes’s credit union account shows more than $800 in overdraft fees so far this year. Mr. Newton said that overdraft fees had declined by nearly 10 percent between 2013 and last year, and that he believed such cases were unusual.Workers like Mr. Ramirez Paredes and Mr. Troyah say their financial problems are heightened by … [Read More...]