Raising taxes on poor is a ‘good thing for those people’ – billionaire Michael Bloomberg
Bloomberg says he wants to decide on what is good for low-income people. “The question is do you want to pander to those people? Or do you want to get them to live longer? There's just no question,” he said. Soros says he wants to pay more taxes, but prefers Ireland where he paid less than $1,000 “If you raise taxes on full sugary drinks, for example, they will drink less and there's just no question that full sugar drinks are one of the major contributors to obesity and obesity is one of the major contributors to heart disease and cancer and a variety of other things,” he said at the IMF discussion panel talking to the IMF Chief Chrisine Lagarde.The billionaire went on to compare the US army with the coal industry. “We have a lot of soldiers in the United … [READ MORE...]
Disruptions: Me and My Numb Thumb: A Tale of Tech, Texts and Tendons
“Very stressed,” she said, summarizing the preliminary results.When I recently walked into the office of Michelle Kuroda, a San Francisco acupuncturist, she said I was one of the lucky ones. She had just had two patients whose phone hands hurt so much that they had had to take leaves of absence from work.“They were dropping things,” Ms. Kuroda said. “They couldn’t eat with forks.”She said that it was unnatural to concentrate so much movement in one digit on such a small flat surface."We’re not meant to just use our thumbs all the time,” she said. “We’re meant to use all our fingers. That’s what our grip is for.”She said the reason some people get phone thumb and others do not often comes down to stress. Cortisol and adrenaline, which the body releases when it feels stress, make one prone … [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
Why Trump’s Intense Focus on the Trade Deficit Could Cost the Economy in the Long Run
The administration’s approach might quickly reduce the headline level of the trade deficit, but it largely ignores the frustrations of American sectors that are the most promising sources for creating future good export-related jobs.American companies that make automobiles, semiconductors and other complex products bemoan Chinese government requirements that force American firms to form joint ventures with Chinese companies, sharing their technology. They accuse those partners of widespread … [Read More...]
Trump’s Charm and Threats May Not Be Working on China. Here’s Why.
China’s problems in the area of technology could get worse. American officials are investigating whether a much bigger Chinese tech company, Huawei Technologies, also flouted American trade controls. Huawei has said it adheres to international conventions and local laws.Despite that vulnerability, China has plenty of negotiating strengths.White House trade officials have more expertise with trade law, but China has a small but cohesive team of negotiators who report directly to Liu He, a vice … [Read More...]
On Trade, the U.S. and China Consider the Unthinkable: Breaking Up
American trade policy “will respond to hostile economic competitors, will recognize the importance of technology, and will seek opportunities to work with other countries that share our goals,” Robert E. Lighthizer, the United States trade representative, recently told the Senate Finance Committee.The focus on disengagement reflect broader political realities. China is rapidly building a world-class navy; conducting military exercises in Africa and off the shores of northern Europe; and … [Read More...]
What Will Italy’s Next Government Do? A Leak Jolts Stocks
They had argued that their proposal to hold a referendum on whether to leave the eurozone was a thing of the past, even as the party’s founder, the comedian Beppe Grillo, floated the idea again this month.But the leaked document, the authenticity of which has not been disputed, revealed that their anti-establishment and euroskeptic heart still pulsed.The parties had already talked about other proposals in the draft, though their inclusion in the document seemed to solidify them. The text … [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
Wealth Matters: From Super Bowl to David Bowie, V.I.P. Treatment Awaits
Both companies also have parties at the Super Bowl and the Art Basel art fair in Miami Beach, Fla.“The No. 1, 2 and 3 reasons for these events are retention, retention, retention,” said Kenny Dichter, chief executive of Wheels Up. “If people show up, they’ll always renew.”But if other jet companies — and luxury purveyors in general — are throwing the same great parties at the same exclusive … [Read More...]
Your Money: Quilts, Cows, Money and Meaning: College Essays That Stood Out
To his relatives in Kenya, however, he’s the young man with the braces. They want to know how many shillings it cost to fix his teeth that way and they mock him for his lack of soccer prowess. Mr. Muthondu will attend Harvard in the fall.At Colgate, as with most of the colleges that see large piles of application essays each year, admissions staff don’t take off points for character flaws or … [Read More...]