Wednesday, September 30, 2020

Start saving, investing your money now | The Baylor Lariat

As college students, many of us are familiar with the need to be frugal and cognizant of our spending habits. It’s common for students to have a job, or maybe even multiple jobs, to pay or help contribute to the intimidating college tuition bill and expenses. But just because you might be short on money doesn’t mean you should wait to start saving and investing for the future.

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For starters, get to know your bank account on a deeper level and budget your expenses. Set a specific amount of money aside for the necessities — food, gas and household items — and give yourself a small amount of money for spending on the side.

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This may worth something:

Precious metals scheme sought to steal money from elderly

The fear of waking up one day and watching your 401(k) implode has continued to fester during the pandemic, the civil unrest and and a hotly charged election in 2020.

A Maryland investor, according to a civil complaint filed by a group of regulators in September, was told that roughly $300,000 in precious metals bullion could be worth as much as $1.2 million in 10 years. At the same time, the investor was warned that every dollar could be lost in the stock market.

Publisher: Detroit Free Press
Author: Susan Tompor
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Pennsylvania Poised To Turn CARES Money Into School Vouchers

Parents would have to apply for the voucher, and money will be awarded on a first come first served basis. An initial period earmarks the money for families below 185% of the federal poverty level, but after November 16, any family may apply. The family can hold onto that money up until two years after the student has graduated from high school.

The allowable expenses include tuition and fees, textbooks, school uniforms, testing costs, instructional materials, computer hardware or software, counseling services, and "other valid educational expenses." Providers are not allowed to offer kickbacks to parents.

Publisher: Forbes
Date: 2020-09-30
Author: Peter Greene
Twitter: @forbes
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Chamath Palihapitiya rips airlines again and calls for more money to consumers and small

If the government approves further stimulus funds, they should go to individual consumers and small businesses, venture capitalist Chamath Palihapitiya said Wednesday.

In a searing diatribe against the troubled sector, the CEO of Social Capital expanded on comments he made earlier in the year to CNBC in which he said airlines should not be bailed out because they are so poorly managed.

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Among the poor decisions he cited were not investing in research and development, saving or putting more resources into their workforces. Instead, they focused cash on share repurchases and inflating stock prices.

Publisher: CNBC
Date: 2020-09-30T18:47:33 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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And here's another article:

Lakers-Heat: Bettors have absurd amounts of money riding on NBA Finals, according to William Hill

The numbers on some of the earlier bets placed on the Heat, according to William Hill Sportsbook , are stark. Here are the some of the craziest bets they took:

Now, it should be noted that these odds changed drastically over time. When 2020 championship odds were first released, the Heat were in cap hell and hadn't yet acquired Jimmy Butler . As unbelievable as it seems, there was a moment in which a 2020 Heat championship seemed practically impossible. As the season went on, their odds steadily improved. First, they got Butler, then Bam Adebayo became an All-Star, and by midseason, they'd established themselves as fringe contenders.

Publisher: CBSSports.com
Twitter: @cbssports
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Stimulus check money: Here's what we know about how big your second relief payment may be - CNET

We help you estimate the maximum amount that could end up in your bank account if another stimulus payment arrives.

The IRS will send your check automatically, if you're eligible, but there may be some things you can do to help make sure you receive your money quickly, if another direct payment occurs.

Look for the registration tool to reopen if another check passes. If you don't have a bank account, read on for other ways to prepare.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Report: The Capitals are trying to move money to re-sign Brenden Dillon | RSN

The Capitals need a top-pair left defenseman and, to that end, it appears they are seeking to make sure the one they have does not make it to free agency. Washington is trying to re-sign defenseman Brenden Dillon and is trying to move money in order to do so, Elliotte Friedman wrote in his "31 Thoughts" column on Wednesday .

Dillon was a trade deadline acquisition by the Caps and the team now wants to make sure he does not turn into just a pure rental. The trade, however, did not seem to impact the team all that much considering they continued to struggle in the regular season and lost in just five games to the New York Islanders in their first-round playoff series. But bringing Dillon back is absolutely imperative for the Capitals considering how much Michal Kempny struggled.

Publisher: RSN
Date: 2020-09-30T23:36:13-04:00
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Cincinnati Council Allocates Budget Carryover Money | WVXU

Cincinnati City Council approved a plan Wednesday for how to appropriate $20.3 million carried over from last year's city budget.

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About $6.4 million is being set aside as a carryover for the current fiscal year budget, and $11.2 million will be placed in the city's reserve accounts.

Council Member Jan-Michele Lemon Kearney wanted a separate vote on the $700,000 for additional overtime. She was not able to secure that separate vote.

Date: 2020-09-30
Author: Jay Hanselman
Twitter: @917wvxu
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Happening on Twitter

How to handle cybersecurity amid a tight IT budget - TechRepublic

There are ways to maintain and even enhance your security posture even when your tech budget is under stress, according to Kaspersky.

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Ensuring that your organization's cybersecurity defenses are as strong and effective as possible can be a challenge under ordinary circumstances. But when your IT budget is limited, the challenge becomes even greater. A report published on Wednesday by security provider Kaspersky looks at how businesses have managed their cybersecurity in the face of IT budget cuts for 2020.

Publisher: TechRepublic
Twitter: @TechRepublic
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Were you following this:

Organizing Your Technology Budget: What You Need to Know about IT Budget Planning - My

Ultimately, there’s nothing we could say here which would be more valuable to IT budget planning and allocation than this: you need to have a strategic plan. Any allocations you make in a budget ultimately need to serve the business or organization’s master plan, so a budget is essentially useless without that starting point.

But where else should technology mangers, IT managers, or CIOs start when planning their departments’ budgets?

Publisher: My TechDecisions
Date: 2020-09-30T20:17:51 00:00
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5 Ways to Recover Your IT Budget Post-Pandemic | No Jitter

With the right personnel, strong processes, durable tools, and regular third-party evaluation, you can keep telecom service costs low.

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New processes, policies, and solutions are critical to support a telecommuting team and keep them aligned.

Potential VoIP customers invariably keep finding analog lines/interfaces that must stay in use for the foreseeable future.

Changing carriers with every contract cycle to get the most competitive rates is disruptive and not in a customer's best interest.

Publisher: No Jitter
Date: 2020-09-25T13:57:49-05:00
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County board hires company to handle computer, technology issues | News | norfolkdailynews.com

DAN SPRAY (right) of Precision IT answers questions Tuesday from the Madison County board of commissioners. Anne Pruss, county clerk, is shown at left.

MADISON — It looks as though Madison County again will have an information and technology person capable of everything from helping employees replace malfunctioning keyboards to writing computer programs.

Following an informal interview with Dan Spray of Precision IT of Norfolk on Tuesday, the Madison County board of commissioners voted to hire Precision IT for a year, with the contract to be renegotiated next spring or before the next fiscal year budget gets put together.

Publisher: The Norfolk Daily News
Author: JERRY GUENTHER jguenther norfolkdailynews com
Twitter: @norfolknews
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This may worth something:

Small business leaders call for $5,000 viability review subsidy in budget

Key members of the small business community have come together to urge the federal government to include a Small Business Viability Review program in next week's federal budget.

Under the proposal, the government would fully fund a subsidy that would allow small business operators to access professional advice about the viability of their business.

The call is being made by the Australian small business and family enterprise ombudsman Kate Carnell, CPA Australia, Chartered Accountants Australia and New Zealand (CANZ), the Institute of Public Accountants (IPA), the Institute of Certified Bookkeepers (ICB) and the Council of Small Business Organisations Australia (COSBOA).

Publisher: SmartCompany
Date: 2020-09-30T01:39:35 00:00
Twitter: @smartcompany
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How IT Pros Can Determine Pricing - My TechDecisions

When it comes time to set your IT budget and get it approved by your organization's leadership, there are several things to keep in mind as you navigate the sea of service providers, vendors, manufacturers, and dealers to determine how much your organization will pay for critical products and services.

This involves conversation with leadership about the IT department's budget and how much they're willing to invest in technologies, conducting thorough market research and comparing the pros and cons of solutions and viewing every investment through the lens of security.

Publisher: My TechDecisions
Date: 2020-09-30T16:10:18 00:00
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Wyze Headphones with hybrid ANC boast high-end features at budget price - SlashGear
Publisher: SlashGear
Date: 2020-09-29T23:50:08 00:00
Twitter: @slashgear
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Australia used to have a women's budget statement: We need it back

Instead, you're likely to read about new (male-dominated) construction projects and more work in the electricity and gas industries. And tax cuts, which predominantly benefit higher earners, and so are of less use to females.

* * *

Until the first Abbott-Hockey budget in 2014, a statement of budget measures that disproportionately affect women was published at budget time.

These women's budget statements shed light on the impact of decisions that might have been thought to have little to do with gender, such as the Hawke government's reduction of tariffs on imports of clothing, textiles and footwear.

Publisher: SmartCompany
Date: 2020-09-29T23:16:18 00:00
Twitter: @smartcompany
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Happening on Twitter

Suing an Employer for Overtime Pay

DETROIT -- Overtime pay is required from your employer in many circumstances when an employee works more than forty hours a week.

While certain employees are exempt, or not entitled to overtime pay, many workers are legally entitled to additional wages and higher pay for extra hours on the job.

Under Federal Law, an employer is required to pay a "non- exempt" employee overtime pay for hours worked beyond a 40-hour work week.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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Many things are taking place:

Seattle Passes Minimum Pay Rate for Uber and Lyft Drivers - The New York Times

The Seattle City Council approved a minimum pay standard for Uber and Lyft drivers on Tuesday, becoming the second city in the country to do so.

Under the law, effective in January, ride-hailing companies must pay a sum roughly equivalent, after expenses, to the city's $16 minimum hourly wage for businesses with more than 500 employees.

"The pandemic has exposed the fault lines in our systems of worker protections, leaving many frontline workers like gig workers without a safety net," Mayor Jenny Durkan said in a statement.

Date: 2020-09-29T23:14:00.000Z
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Walgreens Shortchanged Retail Workers on Overtime Pay, Suit Says
Twitter: @BloombergLaw
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Six Common (and Costly) FLSA Mistakes | Wyrick Robbins Yates & Ponton LLP - JDSupra

The Federal Fair Labor Standards Act, 29 U.S.C. § 201, et seq., was created as a part of the “New Deal” to help our nation recover from the Great Depression. The law had three primary goals: to assist lower wage workers by establishing a fair minimum wage; to promote fair competition among the states by creating consistent wage and hour standards; and to create jobs through the establishment of overtime pay and thereby encourage employers to hire additional workers.

Today the FLSA continues to provide important protections to workers in terms of their pay and hours worked. The law also presents challenges to employers in their understanding of the many regulations and court cases interpreting the FLSA since 1938 and how those rulings apply to our current workforce, especially in light of the changes in the 2020 workplace cause by the COVID-19 pandemic.

Publisher: JD Supra
Twitter: @jdsupra
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Check out this next:

Commission fails us again | Letters to the Editor | keysnews.com

I read with great disappointment the article by Timothy O'Hara, titled "County workers get special storm pay."

Let us take a step back to just after Hurricane Irma when we learned that a massive bill had accrued for special storm pay. This bill, in addition to pay for workers, included very generous overtime benefits for salaried employees not normally entitled to overtime pay. A lot of folks were terribly upset about this.

Our Monroe County commissioners exclaimed that they thought this had been fixed previously, and they vowed to fix it once and for all. They all, at least, pretended to be shocked that this occurred. The county administrator offered to resign over it. Several upper level managers stated that they would not take the pay. It was real showmanship.

Publisher: keysnews.com
Twitter: @FLKFreePress
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Federal Court in Manhattan Vacates Key Part of USDOL'S Final Rule on Joint Employer Status |

On September 8, 2020 U.S. District Court Judge Gregory H. Woods in Manhattan granted partial summary judgment to 17 states and the District of Columbia striking down a major part of the Department of Labor’s Final Rule on vertical joint employer relationships. The Final Rule issued in January and imposed a four-factor test to decide which businesses can be held liable under the FLSA for unpaid minimum wages and overtime pay owed to a worker.

The FLSA requires covered employers to pay employees at least the federal minimum wage for every hour of work and overtime for every hour over 40 hours worked in a workweek unless the employee is exempt from minimum wage or overtime requirements. An employer includes “any person acting directly or indirectly in the interest of an employer in relation to an employee.” 29 U.S.C. §203(d). Under Department of Labor regulation 29 C.F.R.

Publisher: JD Supra
Twitter: @jdsupra
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Phoenix police pay more than $10 million in 'demonstration overtime' this summer

Nationwide protests have sparked a national conversation. They have also led to loads of overtime for local law enforcement.

In 34 days this summer, the Phoenix Department spent more than $8 million in "demonstration overtime" costs alone.

In September, months after the protests flared and subsided to a smaller group, the department is still spending an unprecedented amount on "OT" - $296,314 in the first week of the month alone.

Publisher: KNXV
Date: 2020-09-30T05:39:40.552
Author: https www abc15 com about us staff zach crenshaw
Twitter: @abc15
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Surge in $100K city workers: 114,000 now earn six figures. Are some paid too much? - silive.com

OpentheBooks.com pointed out that the city has 331,520 full time employees from 297,349 in 2014. (Staten Island Advance/Joseph Ostapiuk)

NEW YORK, N.Y. -- As Mayor Bill de Blasio continues to push for long term borrowing authority from the state, federal stimulus money, and has moved forward with unpaid furloughs for more than 9,000 city employees (including himself), here's a look at the city's payroll spending in recent years.

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According to OpentheBooks.com , in 2016, there were 76,166 city employees with pay that exceeded $100,000. By 2019, there were more than 114,000 employees, or a 50% increase in six-figure earners.

Publisher: silive
Date: 2020-09-30T10:30:00Z
Author: skashiwagi
Twitter: @SIAdvance
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Donald Trump Took Advantage of Barack Obama-Era Laws to Avoid Paying Taxes

Under tax laws in effect during Barack Obama's presidency, Donald Trump paid no federal income tax for the years 2011 to 2014 and $750 for 2016, the year he was elected president, according to recent New York Times reports.

Overall, Trump paid no federal income taxes for 10 of the 15 years before he was elected, The Times reported.

Like Trump, millionaires and billionaires pay very little or no taxes in a complex tax system of rules and regulations under laws passed by Democrats and Republicans and enacted during administrations of both parties. Democrats controlled both the Senate and the House of Representatives for the first two years of Obama's presidency, which lasted from January 2009 to January 2017.

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Publisher: Newsweek
Twitter: @newsweek
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Indonesia sets regulations to support virtual tax environment | International Tax Review

During the middle months of 2020, Indonesia's Directorate General of Taxes (DGT) and Minister of Finance (MoF) have introduced a set of provisions as the economy reacts to the effects of the coronavirus pandemic.

Publisher: International Tax Review
Twitter: @intltaxreview
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The Times got the tax returns - POLITICO

The Times' investigation found that Trump brings in a lot of money, but he and his businesses have spent even more — to the point, that the president paid no taxes for 11 of the 18 years examined by the NYT.

In both 2016 and 2017, the Times found that Trump paid $750 a year in federal income tax, or roughly the same that a single worker without children making $18,000 a year would normally pay.

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Publisher: POLITICO
Date: The Times got the tax returns
Twitter: @politico
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FERC's Technical Conference to Focus on a Carbon Tax | RealClearEnergy

The Federal Energy Regulatory Commission (FERC), which oversees U.S. electricity generation and power markets, will hold a day-long conference to discuss a solution that most economists, businesses, advocates, and even owners of carbon-emitting power plants agree is the surest, fastest, and most cost-effective way to reduce carbon emissions while preserving innovation and competition: putting a price on carbon.

Specifically, FERC will look at the impacts of carbon pricing in the wholesale electricity markets it regulates— a conversation that will delve into the complex web of regulations, policies, and legal precedents that determine how those market rules might account for carbon emissions.

Publisher: RealClearEnergy
Date: 2020-09-29T00:00:00-05:00
Author: Alex Flint
Twitter: @realclearenergy
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Many things are taking place:

Here Are the Major Differences Between Trump and Biden on Tech Issues - Nextgov

President Trump and Democratic presidential nominee Joe Biden could not be more different on several tech and innovation issues, according to a report released Monday by the nonpartisan Information Technology & Innovation Foundation.

President Trump's approach since his 2016 election has focused on "reducing government barriers" to technology and innovation, reducing taxes and eliminating regulations the administration believes limit innovation. Under Trump, the amount of federal spending on tech has generally increased during his four-year term, but ITIF notes that—with the exception of certain technologies—the administration has reduced spending on tech research and development.

Publisher: Nextgov.com
Date: 2020-09-29T15:00:00 00:00
Author: Frank Konkel
Twitter: @nextgov
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Final Regulations Released Addressing "Endowment Tax" on Net Investment Income of Private

On September 18, 2020, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) released final regulations (TD 9917, the “Final Regulations”) providing guidance on the excise tax imposed on the net investment income (“NII”) of certain private colleges and universities under section 4968 of the Internal Revenue Code.

Added to the Internal Revenue Code as part of the Tax Cuts and Jobs Act in 2017, section 4968 imposes a 1.4% excise tax on the NII of “applicable educational institutions,” which are generally private colleges and universities that have more than 500 tuition-paying students, more than 50% of whom are located in the United States, and that hold assets (other than assets used directly in carrying out the institution’s exempt purpose) of at least $500,000 per student.

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Industry eager for Barrett's views on financial regulations | TheHill

Judge Amy Coney Barrett, who is expected to be confirmed by the GOP-controlled Senate, is poised to be on the bench by the time justices hear oral arguments in cases on how the federal government supports the housing finance system and enforces tax law.

Barrett, a conservative in the mold of the late Justice Antonin Scalia, has issued just a handful of opinions since joining the 7th Circuit Court of Appeals in 2017. Without a lengthy judicial record on financial regulation, observers will be watching her upcoming confirmation hearing closely for any clues about how she might rule.

Publisher: TheHill
Date: 2020-09-30T06:00:14-04:00
Author: Sylvan Lane
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Tell Your Clients: Automatic Tipping at Center of 11th Circuit Rules Against Ritz-Carlton in

The sale to the stalking-horse bidder and secured lender is approved after no one else qualified to bid on unsold units at the hotel-condo a block from the beach.

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Title, Firm: Attorney, Steinger, Greene & Feiner, 2015-present Previous legal employers: Steinger, Greene & Feiner, 2015-present; Ellsley…

In a proposed class action lawsuit filed Tuesday in the U.S. District Court for the Eastern District of Pennsylvania, two former Pittsburgh Steelers allege that the league has been improperly using race and ethnicity information to undercut their cognitive impairment claims.

Publisher: Daily Business Review
Date: 2020-09-29
Author: Michael A Mora
Twitter: @dbreview
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Happening on Twitter

Tuesday, September 29, 2020

Meet our new faculty: Ellora Derenoncourt, economics | Berkeley News

Ellora Derenoncourt is a new member of UC Berkeley’s economics faculty. (Photo by Shruti Parekh)

Publisher: Berkeley News
Date: 2020-09-29T19:48:00 00:00
Twitter: @ucberkeley
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Other things to check out:

Storing up trouble - The Epic-Apple courtroom battle commences | Business | The Economist

Epic is not the first to challenge Apple's software practices (see table). But it is the most serious yet. It started in August, when Epic offered "Fortnite" players who use iPhones 20% off in-game purchases if they paid Epic directly rather than through Apple's App Store, which takes a 30% cut on most transactions made in iPhone apps. This violated the App Store's terms; "Fortnite" was duly booted from the platform. Expecting this, Epic responded with the lawsuit (and a cheeky PR campaign).

Publisher: The Economist
Twitter: @TheEconomist
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Publishing and evaluating success in economics: A new eBook | VOX, CEPR Policy Portal

The publication process in economics is characterised by long publication lags and excessive weight given to a very small number of journals, while the profession itself is seen by many as hierarchical, clubby and characterised by gender and racial biases. This column introduces an eBook which takes stock of these issues with a series of short essays focusing on how economists publish their research and measure academic success.

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Amid economic and racial crises, legacy city collaborations point a path forward
Publisher: Brookings
Date: 2020-09-29T13:13:40 00:00
Author: Lavea Brachman
Twitter: @BrookingsInst
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Not to change the topic here:

Pelosi, Meadows say they're hopeful new economic relief deal is within reach - The Washington Post

Pelosi told reporters at the Capitol an agreement could come this week, which is supposed to be Congress's final one in session before recessing through the election. She spoke by phone for about 50 minutes Tuesday morning with Treasury Secretary Steven Mnuchin, with whom she negotiated four relief bills in March and April totaling about $3 trillion.

Pelosi and Mnuchin are set to talk again Wednesday, at which point Mnuchin is expected to come back with a more detailed response, according to two people with knowledge of the talks who spoke on the condition of anonymity to discuss them.

Publisher: Washington Post
Date: 2020-09-29T17:01:41.402Z
Twitter: @WashingtonPost
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Why a V-Shaped Economic Recovery Is Still on Track | Barron's

U.S. markets may have been volatile in recent weeks but analysts aren't giving up hope of a V-shaped economic recovery.

Economic data has largely been positive. There is room for continued growth even if Congress fails to pass another stimulus package , according to a note Tuesday from Ed Yardeni of Yardeni Research. By his measure, there's still some juice left in the Cares Act—signed in March—to keep supporting the economy.

Weighing in favor of the rebound is the unprecedented levels of monetary stimulus provided by the Federal Reserve. Low interest rates have helped home-buyers looking to leave densely populated urban areas. Of course, on this front, the economic recovery will be uneven—something Yardeni acknowledges—because industries such as restaurants, hotels, and entertainment, which typically thrive in cities, are under pressure.

Date: 2020-09-29T20:39:00.000Z
Author: Carleton English
Twitter: @BarronsOnline
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Trump's boasts about pre-coronavirus economy aren't relevant, economists say

As President Donald Trump and the Democratic presidential nominee Joe Biden trade boasts and barbs over the former and the current state of the economy, analysts have zeroed in on Trump's claims of record-high job creation — which comes saddled with significant caveats.

"The job market is still a shadow of what it was prior to the pandemic," Mark Zandi, chief economist at Moody's Analytics, said.

The White House bragged about the jobless rate falling from a peak of 14.7 percent in April to 8.4 percent in August, but that decrease obscures the sobering deficit that still remains of more than 11 million jobs, compared to the pre-pandemic labor market.

Publisher: NBC News
Twitter: @NBCNews
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Snapback - Why is America's economy beating forecasts? | Finance & economics | The Economist

He may be proven right. Over the summer the unemployment rate fell fast, to 8.4% in August. And economists have scrambled to upgrade their growth forecasts (see chart). On September 16th the OECD , a rich-country think-tank, predicted that the American economy would shrink by 3.8% this year, rather than the 7.3% expected in June. The outlook was upgraded across the rich world, but nowhere by as much.

The upgrades in America can be attributed to three factors. First, the spread of the coronavirus in the southern "sunbelt states", which rode a wave of the epidemic in the summer, has slowed. Second, America's economic stimulus, the world's largest both in absolute terms and as a proportion of GDP , has been potent.

Publisher: The Economist
Twitter: @TheEconomist
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Happening on Twitter

Biden paid nearly $300,000 in federal income taxes in 2019 - CNNPolitics

Publisher: CNN
Date: 2020-09-29T19:23:22Z
Author: Kate Sullivan Sarah Mucha and Eric Bradner CNN
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Many things are taking place:

Michael Cohen on Trump's taxes: The facts really do matter here - CNN Video
Publisher: CNN
Date: 2020-09-29T12:47:03Z
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Trump tax returns: DA agrees to pause subpoena pending appeal

The Manhattan District Attorney's Office said Tuesday it will not seek to enforce a subpoena for President Donald Trump 's income tax returns until the president's appeal of the subpoena is resolved.

The grand jury subpoena would compel accounting firm Mazars USA to turn over eight years of returns and other financial documents related to Trump and the Trump Organization.

Manhattan DA Cyrus Vance Jr.'s office, in a letter Tuesday to the clerk of the U.S. Court of Appeals for the 2nd Circuit, said the office understood that the appeals court's order from early September staying proceedings in the case to be an effective block on the subpoena for now, despite not explicitly saying so.

Publisher: CNBC
Date: 2020-09-29T16:53:07 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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How Donald Trump's taxes compare to those of other U.S. presidents - The Washington Post

In 1977, President Jimmy Carter had a problem, according to presidential tax historian Joseph Thorndike . Carter's federal tax burden for 1976 had been zeroed out by a massive investment tax credit he earned for purchasing equipment and buildings related to his peanut farm.

Carter was upset, as he told The Washington Post at the time, because he had a "strong feeling" that wealthy people like him should pay at least some taxes. So he voluntarily paid the Treasury Department $6,000, the equivalent to 15 percent of his adjusted gross income and slightly more than the 14 percent paid by average taxpayers that year.

Publisher: Washington Post
Date: 2020-09-28T19:21:55.959Z
Twitter: @WashingtonPost
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Were you following this:

Ann Coulter's take on Trump's taxes has her critics agreeing with her - MarketWatch

Ann Coulter has a knack for tweeting things that get a rise out of people — but this post is raising eyebrows for a different reason.

But she tweeted something on Monday night that even liberals could get behind: expressing outrage at the New York Times report alleging President Trump paid just $750 in income taxes in 2016 and in 2017, and shelled out no income tax in 10 of the 15 years before that. She also slammed Trump supporters like Rick Santorum for saying it's natural for rich people to "game the system."

Publisher: MarketWatch
Date: 2020-09-29T13:10:00-04:00
Author: Nicole Lyn Pesce
Twitter: @marketwatch
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Trump Taxes: Don't Deduct That Haircut Yet; Tax Court Has Rejected Such Claims : NPR

President Trump has reportedly claimed tens of thousands of dollars in tax deductions over expenses such as haircuts. Trump is seen here during a briefing at the White House in March. Mandel Ngan/AFP via Getty Images hide caption

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Tax documents obtained by The New York Times show that during the making of The Apprentice , he deducted $70,000 for the cost of his haircuts and hairstyling. Trump's businesses also wrote off "at least $95,464 paid to a favorite hair and makeup artist of Ivanka Trump," the Times reported.

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Publisher: NPR.org
Date: 2020-09-28
Twitter: @NPR
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Trump's Taxes, Coronavirus, China's Economy: Your Tuesday Briefing - The New York Times

We're covering the second part of The Times's investigation into President Trump's federal tax returns , the growing numbers of virus conspiracy theorists in Europe and the stirring signs of China's economic rebound .

* * *

New York City is on the precipice of a financial abyss , after the pandemic crippled tourism, retail and the culture sector. The economic damage could last years.

His growing celebrity earned him gigs promoting ring tones, hamburgers, even laundry detergent. Mr. Trump also began to lend his name to buildings he didn't own, collecting big fees as his investors lost millions, and to put his wealth toward luxurious golf courses that would eventually fall deep into the red.

Date: 2020-09-29T03:03:25.000Z
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Yes, A Tax Scandal Can Take Down a Politician - POLITICO

There are thousands of words in the New York Times account of Donald Trump's taxes, and tens of thousands more will be published in the coming weeks.

But it's the first 27 words of the piece that have the potential to inflict a serious wound on the president: "Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750."

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Publisher: POLITICO
Twitter: @politico
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Happening on Twitter

Wayne County Commissioners Pass 2025 Budget

More detai...