Canada goes after Volkswagen over diesel emissions fraud
The firm faces 58 charges of violating the Canadian Environmental Protection Act as well as two other charges of providing misleading information to officials.VW imported 128,000 diesel engine vehicles, which violated emissions standards, into Canada between 2008 and 2015. The cars were outfitted with software to make it appear as though they produced fewer emissions than they actually did. Also on rt.com German auto giants BMW, Daimler, Volkswagen fined for forming steel cartel The automaker said that it is cooperating with Canadian investigators and has already prepared a plea deal ahead of its first court appearance in Toronto on Friday.“At the hearing, the parties will submit for the court’s consideration a proposed plea … [READ MORE...]
‘Game of Thrones,’ ‘Russian Doll’ Get Snubbed by Golden Globes
Surprise: Kaitlyn Dever and Toni ColletteMerritt Wever’s best-actress nomination for Netflix’s “Unbelievable” was widely predicted, but the highly regarded mini-series had longer coattails than expected. Dever’s best-actress nod may have come at the expense of Niecy Nash in “When They See Us” or Kathryn Hahn in HBO’s “Mrs. Fletcher,” while Collette’s supporting-actress nomination prevented Olivia Colman of “The Crown” from snagging a second nod for “Fleabag.”Snub: ‘Game of Thrones’ and ‘Watchmen’Despite the negative reactions of many fans and critics to the final season of HBO’s bellwether, “Game of Thrones,” the massive ratings and general cultural hegemony were expected to bring it a best-drama nomination. And another HBO series, “Watchmen,” was thought to have a chance in the same … [READ MORE...]
How Can Female Entrepreneurs Attract Financing?
It’s generally acknowledged, however, that women get a fraction of venture capital globally, and that those who are black, Hispanic or Asian get significantly less.“Money is the biggest stumbling block for female-led start-ups,” said Suzanne Norris, a partner at Victress Capital, a Boston-based firm that invests in companies with female founders and gender-diverse teams. “People invest in people who look like them,” said Nathalie Molina Niño, author of “Leapfrog: The New Revolution for Women Entrepreneurs” and chief executive of O³. Still, leadership and financing experts say there are ways women can attract money to their start-ups.Show your value. Half the challenge is seeing things through the lens of potential funders. Step into their shoes when you’re asked, “What’s your background? … [READ MORE...]
Latest News
Paul Volcker’s Greatest Lesson Wasn’t on Economics. It Was on Being a Public Servant.
If a central bank views higher pay for workers as a potential cause for alarm, but is more sanguine when corporate profits rise, it’s reasonable to expect that the share of national income going to capital, versus labor, will rise over time. And that is exactly what has happened in the United States since the Volcker era.These kinds of re-assessments are important for taking the right lessons from Mr. Volcker’s era. After all, he left the Fed chairmanship 32 years ago. What made Mr. Volcker a … [Read More...]
A Few Cities Have Cornered Innovation Jobs. Can That Be Changed?
The report’s authors propose identifying eight to 10 cities, far from the coasts, that already have a research university and a critical mass of people with advanced degrees. The government would then spend about $700 million a year for research and development in each of them for a decade. Lawmakers could give high-tech businesses that set up shop in these cities tax and regulatory breaks. Mr. Atkinson suggested a limited break from antitrust law to allow businesses to coordinate location … [Read More...]
Marvin Goodfriend, Trump Nominee to the Federal Reserve, Dies at 69
Professor Goodfriend’s insights were often applied directly to policy. He served as a visiting scholar at various global monetary authorities, including the Bank of Japan and the European Central Bank. From 1984 to 1985, he served as a senior staff economist for President Ronald Reagan’s Council of Economic Advisers. “He really excelled at bridging the divide between rigorous academic economics and policy-setting,” said Jeffrey Lacker, a former president of the Richmond Fed who worked with … [Read More...]
U.S. Added 266,000 Jobs in November. Here’s the Bottom Line.
Mr. Dickey also pointed out that in the food industry, people can spend a lot of time in refrigerated warehouses or near industrial ovens. “It’s cold, it’s hot, it’s wet, the floors are slippery,” he said, “so there tends to be a fair amount of turnover.”The Labor Market as a Toothpaste TubeIn a newsletter this week, David Kelly, chief global strategist at JPMorgan Funds, compared recent hiring to squeezing one more glob of toothpaste out of a seemingly empty tube. “Over the last few years,” he … [Read More...]
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Small Business
How Can Female Entrepreneurs Attract Financing?
It’s generally acknowledged, however, that women get a fraction of venture capital globally, and that those who are black, Hispanic or Asian get significantly less.“Money is the biggest stumbling block for female-led start-ups,” said Suzanne Norris, a partner at Victress Capital, a Boston-based firm that invests in companies with female founders and gender-diverse teams. “People invest in people … [Read More...]
Starting Your Own Business Is Hard. Here’s Some Advice.
LuLu O’SullivanGiftsDirect.com/TheIrishStore.comAs a young girl, Ms. O’Sullivan spent Saturday mornings watching her grandmother deftly chat up customers at the counter of her sweet shop on Merrion Row in Dublin. “Granny was quite a character,” said Ms. O’Sullivan, founder of GiftsDirect.com, the largest online retailer in Ireland, and TheIrishStore.com, which sells Irish products globally. “She … [Read More...]
Your Money
Last Tax Season Was a Mess. Now’s Time to Prepare for This One.
Why? After the law went into effect, the government told employers how to tweak the amount of tax withheld from workers’ paychecks. It mostly suggested decreases, and, in some cases, filers didn’t have enough withheld. (Over all, however, the average refund amount declined only 1.3 percent last year.)“It’s safe to say taxpayers were caught off guard by the impact of those changes,” said Brian … [Read More...]
Signing Up for an H.S.A.? First Figure Out How You’ll Use the Money
H.S.A.s can be used for a variety of health and medical expenses, including dental care. The HSA Bank offers a summary of eligible and ineligible expenses on its website. A complete list is available in I.R.S. Publication 502. Here are some questions and answers about health savings accounts:How much can I contribute to an H.S.A.?For 2020, individuals can contribute up to $3,550 and families up to … [Read More...]