Wednesday, June 30, 2021

PA Plans To Spend $1 billion In American Rescue Plan Money.

HARRISBURG, PA (WSKG) – Pennsylvania is getting a boost of $7.29 billion this year thanks to the federal American Rescue Plan. But the commonwealth is spending only about $1.04 billion of that this year.

Under the program, the federal government is sending $195 billion directly to state treasuries. The money is supposed to make up for what states missed out on during the pandemic in taxes and fees — and help pay for the recovery effort over the next five years.

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Publisher: WSKG | Local news and arts, broadcasting NPR radio and PBS TV.
Date: 2021-06-30T10:47:01Z
Twitter: @WSKG
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Graphcore Right on the Money in First MLPerf Appearance

When it comes to a silicon startup bringing a product to market in a tough competitive landscape, nothing is easy. The list of challenges is long but to be taken seriously against the incumbents, a strong MLperf showing is now paramount.

As usual, Nvidia and Google swept the MLPerf results this time around with the DGX A100 system and TPU4 respectively.

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Publisher: The Next Platform
Date: 2021-07-01T01:33:12 00:00
Twitter: @TheNextPlatform
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Are you owed money? The state wants you to find out | WXXI News

People trickled into the Boys and Girls Club of Rochester on Tuesday with hopes that they may be entitled to even a little bit of the $17 billion of unclaimed funds held by New York state.

On hand to help people find out if they were owed some money were State Comptroller Thomas DiNapoli and Assemblymember Demond Meeks.

Date: 2021-06-30
Author: April Franklin
Twitter: @wxxinews
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Three Ways To Reduce Your Money Stress

WASHINGTON D.C., March 19, 2020 -- Photo taken on March 19, 2020 shows U.S. dollar banknotes in ... [+] Washington D.C., the United States. The Trump administration's plan to send Americans relief money as part of a massive stimulus package in response to COVID-19 could be 1,000 U.S.

This stress may result from everything we have competing for our cash. Between saving for retirement, paying bills and the mortgage or rent and affording niceties, there's a lot of demand for the money we bring in.

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Publisher: Forbes
Date: 2021-06-30
Author: Ryan Derousseau
Twitter: @forbes
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NCAA Votes To Let Athletes Earn Money Based On Their Names And Images : NPR

The NCAA has voted to allow college athletes to earn money based on their public image without violating the association's longstanding amateurism rules. Keith Srakocic/AP hide caption

The NCAA's decision to suspend restrictions on payments to athletes for things such as sponsorship deals, online endorsements and personal appearances applies to all three divisions or some 460,000 athletes.

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Publisher: NPR.org
Date: 2021-06-30
Twitter: @NPR
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State lawmakers approve money for North Coast projects | Local News | dailyastorian.com
Publisher: The Astorian
Author: Emily Lindblom The Astorian
Twitter: @DailyAstorian
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The Biggest Money Mistakes Women Make in Relationships | GOBankingRates

GOBankingRates wants to empower women to take control of their finances. According to the latest stats, women hold $72 billion in private wealth — but fewer women than men consider themselves to be in “good” or “excellent” financial shape.

In today’s column, we chat with Shelly-Ann Eweka, CFP, senior director of financial planning strategy at TIAA , about the three biggest money mistakes women make in relationships — plus, how to successfully talk about finances with your partner.

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Publisher: GOBankingRates
Date: 2021-06-30T21:00:47Z
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Finance Expert Michelle Singletary On Managing Your Money In A Crisis | WYPR
Publisher: WYPR
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Don't Waste Your Money: Shrinkflation

We’ve heard about inflation this year as the price of homes, cars, and food soars. But another term is suddenly being used more and more, shrinkflation.

The headlines say it all, “consumer prices jumped 5% in May.” “U.S. inflation is highest in 13 years.”

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Publisher: ABC27
Date: 2021-06-30T21:38:52 00:00
Author: Ben Schad
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College athletes can earn money from their name, image and likeness, NCAA rules

"With the variety of state laws adopted across the country, we will continue to work with Congress to develop a solution that will provide clarity on a national level," NCAA President Mark Emmert said in Wednesday's announcement.

"The NCAA couches its arguments for not paying student athletes in innocuous labels. But the labels cannot disguise the reality: The NCAA's business model would be flatly illegal in almost any other industry in America," he wrote in his opinion . 

Twitter: @CBSNews
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99th Annual Osceola Mills Fireman's Fair - ABC23

This week is the 99th Annual ‘Osceola Mills Fireman’s Fair’. It runs through Saturday night this week at the Columbia Volunteer Fire Company Carnival Grounds.

The money raised from this week’s Fair will go to pay for the Columbia Fire Company’s new Engine Rescue Apparatus that was put in service back in November. The Fire Company received Grant money for the Apparatus, but some costs came from the Fire Company’s Budget.

Publisher: ABC23
Date: Est. reading time
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Samoa Joe Reveals an Awkward Conversation With Triple H Following His WWE Release -

In a surprising turn of events, Samoa Joe was released from the WWE on April 15 because of the company's 'budget cuts'. The former United States champion revealed that he was contacted by the COO of the company, Triple H, just hours after his untimely release.

The release shocked everyone in the wrestling community, but Joe stated that he understands the company's perspective and respects its decision, considering that he hasn't wrestled since February 2020.

Publisher: EssentiallySports
Date: 2021-06-29T12:21:45 00:00
Twitter: @sports_ess
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Kaspersky interactive protection simulation goes VR
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Leveraging artificial intelligence to enhance brand management | The Guardian Nigeria News -

In the 80s, movement of robots thinking and doing things like human beings enthralled children; in fact, it was a common sight to see young ones seated, eyes glued to the television sets, watching science fiction (sci-fi) such as, Space 1999, 2001: A Space Odyssey, Star Trek and Star Wars that

Publisher: The Guardian Nigeria News - Nigeria and World News
Date: 2021-06-29T04:26:54 00:00
Twitter: @NGRGUARDIANNEWS
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Tax Challenges Corporations Face With a Global, Remote Workforce in a Post-Pandemic World

The pandemic changed the way the world works, which means corporations must adapt to the requirements of a remote workforce. Oliver Trundley of Equus Software looks at the numbers, the challenges, and what employers need to do moving forward.

"Where do you work?"—once a question heard a dozen times at a networking event or even at a happy hour bar. Now, this question is two-fold, often followed by "Are you remote or back in the office?" The workplace—and the workforce—have changed greatly over the past year and a half.

Twitter: @tax
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Supreme Court Denies New Hampshire's Challenge to Massachusetts Telecommuter Tax Rule;
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CLOUGH GLOBAL OPPORTUNITIES FUND SECTION 19(a) NOTICE Statement Pursuant to Section 19(a) of the

DENVER , June 30, 2021 /PRNewswire/ -- Today, the Clough Global Opportunities Fund (NYSE MKT: GLO) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of $0.1087 per share to shareholders of record at the close of business on June 21, 2021 .

Twitter: @Yahoo
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Romania: Optimising tax collection – a digital approach | International Tax Review

Digitalisation' was the most frequently used word by the Romanian tax authorities during the last year. Based on the Recovery and Resilience Plan , the Ministry of Finance allocated almost €300 million ($356 million) for the purpose of digitalising the National Agency for Tax Administration.

Publisher: International Tax Review
Author: Andra Ca u of EY Romania discusses the tax authority approach to using digitalisation for the purpose of tax collection enhancement in Romania
Twitter: @intltaxreview
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Hiring Across State Lines Can Get Complicated. Here's What You Need to Know.

When COVID-19 reached the United States in March 2020, Cortex Health realized it would need to scale — and fast.

Cortex — a provider of software and services that streamline follow-ups for the healthcare industry — was well suited to provide states with hotline support for COVID testing.

Publisher: Built In
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Midyear tax planning: 'Setting the stage' | Accounting Today

"They should be looking at opportunities to act in anticipation of potential tax changes," said Dustin Stamper, managing director at Grant Thornton's Washington national tax office.

Mark Luscombe, principal federal tax analyst at Wolters Kluwer Tax & Accounting, agreed. "With the May 17 filing deadline now behind us, there are some new tax issues and proposed tax law changes that should remain in focus, even for those who filed for an extension," he said.

Publisher: Accounting Today
Date: 2021-06-28T20:42:47.886
Author: https www accountingtoday com author roger russell
Twitter: @AccountingToday
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Pharmaceutical Logistics Market Value Predicted To Reach

LOS ANGELES, June 29, 2021 (GLOBE NEWSWIRE) -- The Global Pharmaceutical Logistics Market is anticipated to grow at a CAGR of around 9.0% during the forecast period 2021 to 2027 and to reach around US$ 133 Bn by 2027.

The market in North America is expected to account for major revenue share in the global pharmaceutical logistics market due to large number of pharmaceutical company's presence.

Publisher: GlobeNewswire News Room
Author: Acumen Research and Consulting
Twitter: @globenewswire
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Indies 'furious' as post-Brexit VAT regulations make EU delivery unaffordable | The Bookseller

Independent publishers are reeling from the impact of new post-Brexit VAT regulations, with many "furious" at the lack of government warning and seriously concerned by the financial implications of being unable to deliver books to the EU.

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Happening on Twitter

Tuesday, June 29, 2021

Economics Needs a Climate Revolution by Tom Brookes & Gernot Wagner - Project Syndicate

With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with today's biggest problems. Change within the discipline is underway, but it cannot come fast enough.

Publisher: Project Syndicate
Date: 2021-06-28T14:35Z
Author: Tom Brookes Gernot Wagner
Twitter: @prosyn
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The Would-Be Chef Who Found Tax And Economics

Growing up in a rural area of eastern Jamaica in the 1980s, the culinarily inclined Denvil Duncan dreamed of becoming an executive chef on a cruise ship.

Inspired by a cousin who worked in that capacity on the luxurious barges that pulled into Jamaican ports, Duncan saw a future in the planning, preparation, and presentation of delicacies while sailing the high seas.

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Publisher: Forbes
Date: 2021-06-28
Author: Tax Notes Staff
Twitter: @forbes
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'Fat' 401(k)s causing people to retire early: Oxford Economics

The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics' senior economist Bob Schwartz wrote in a note to clients.

"Some of the retirees may come back if the job market is hot enough, but the muscular boost to 401(k) plans over the past year may keep a larger fraction of senior workers on the golf course than anticipated," Schwartz wrote.

Twitter: @Yahoo
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Economics and U.S. National Security - War on the Rocks

The second dilemma is related and somewhat contradictory.

Despite vigorous debate among international relations theorists, economists, and historians, there is no agreed upon resolution to these dilemmas between national security and economics.

Publisher: War on the Rocks
Date: 2021-06-29T07:55:18 00:00
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Mastercard Economics Institute: One in Five Countries Approach Pre-Pandemic Domestic Flight

The report, developed by the Mastercard Economics Institute, draws on aggregated and anonymized sales activity across the global Mastercard network to better understand the next phase for travel, its drivers and challenges.

"While there's been an impressive recovery in domestic air travel in a number of markets, the rebound won't happen overnight.

Date: 2021-06-29
Twitter: @businesswire
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Tax Increases In Sight? Time To Sell The Business?

As Mr. Biden settled into the White House, and as the Democrats began planning how to best utilize their slim Congressional majority to enact and pay for their sweeping legislative agenda, the principal concern among most owners of successful closely held businesses was Mr.

Such a rate increase would have serious economic consequences for an individual shareholder or partner selling their equity interest in the corporation or partnership through which they operated their business.

Publisher: JD Supra
Twitter: @jdsupra
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Economics class: Russian supply curbs exacerbate squeeze on European gas market | Financial Times

Gazprom is referred to as ‘Russia’s state-backed monopoly.’ Identify and explain two other sources of monopoly power

Having read the article, identify the demand and supply side factors which have pushed natural gas prices to their highest level since 2008

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Date: 2021-06-29T20:37:17.457Z
Twitter: @FinancialTimes
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Economics class: Cost of polluting in EU soars as carbon price hits record €50 | Financial Times

Describe how the rising cost of pollution can impact on exports in some national sectors like steel

‘Fatih Birol, head of the International Energy Agency, on Tuesday described the [carbon] price rise as “excellent”, arguing that higher carbon prices were necessary for a rapid transition towards cleaner fuels’.

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Date: 2021-06-29T20:36:45.195Z
Twitter: @FinancialTimes
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AMTech 2021 China to be supported by German Ministry of Economics

The International Advanced Manufacturing Technology Exhibition will take place in Shenzhen, China, on October 11–14, 2021, and held by Messe Stuttgart in cooperation with its Chinese subsidiary.

The Chinese market has become increasingly important for machinery and plant manufacturing companies during the COVID-19 pandemic; the companies operating in the country are said to be expecting their turnover to rise by 17% in 2021.

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Publisher: Metal Additive Manufacturing
Date: 2021-06-28T12:43:00 01:00
Twitter: @metalammag
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Happening on Twitter

Fact Check-Americans do not pay a percentage of their taxes to Queen of England | Reuters

Social media posts which state that U.S. taxpayers pay a percentage of their taxes to the Queen of England and that the Internal Revenue Service (IRS) is not actually an agency of the Federal government are false.

The text in the posts read: "Americans pay a percentage of their taxes to the Queen of England via the IRS. The IRS is not an agency of the Federal Government. It is an agency of the International Monetary Fund which is an agency of the United Nations.

Publisher: U.S.
Date: 2021-06-29T18:46:34Z
Author: Reuters Fact Check
Twitter: @Reuters
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She paid taxes for years on pine barrens land she may not own, can't sell | Newsday

Addie Mattei said she recently learned from an attorney that she may not own the 1.1-acre expanse in Westhampton at all — a problem that arises when old tax maps conflict — and wants a refund for the thousands of dollars in taxes she has paid for the parcel in the pine

Publisher: Newsday
Date: AC41EB10D1EC6B5358F0ECA0E861CCAA
Author: Vera Chinese
Twitter: @Newsday
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Will the new child tax credit affect your taxes in 2022? What to know - CNET

Unlike with stimulus money, households that receive too much advance child tax credit money may have to pay it back to the IRS.

But what does that mean when you file your income taxes next year? The IRS bases eligibility and the credit amount on your household's 2019 or 2020 tax return, and we know plenty can change between tax seasons -- for instance, a pay increase.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Taxes target your estate: And yes, you have one! | Federal News Network
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Publisher: Federal News Network
Date: 2021-06-29T17:00-04:00
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Wisconsin Republican legislators to pass budget that cuts taxes

MADISON - Assembly Republicans were poised Tuesday to pass a state budget that would cut taxes by more than $3 billion over two years, clear the way for an expansion of I-94 in Milwaukee and end the 8-year-old freeze on in-state tuition at University of Wisconsin schools.

Publisher: Milwaukee Journal Sentinel
Author: Patrick Marley and Hope Karnopp
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Biden Targets Two Weapons the Richest 0.1% Use to Avoid Taxes (1)

An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month.

Technical provisions in the proposal — not mentioned when President Joe Biden presented his plans to raise taxes on the rich in April — could disrupt or dismantle some of the most popular ways super wealthy people have legally avoided taxes for decades.

Twitter: @tax
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Taxes pay for the things we care about - Million Bazillion from Marketplace

Take a minute to recap the episode and review the key points. Here are some questions to get the kids going:

And now it’s time to hear from your kids! We’re still looking for their answers to a couple of not-so-random questions for upcoming “Million Bazillion” episodes:

Publisher: Marketplace
Twitter: @Marketplace
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Do I have to pay taxes on my savings account? | Fox Business

The interest you earn on the money in your savings account is considered taxable income in the year the interest was earned. The tax you pay is determined by your overall taxable income for that same year. ( iStock )

This interest is taxed at your earned income tax rate. And, it doesn’t matter if you keep the money in the account, withdraw it, or transfer it to another account altogether – it’s still taxed.

Publisher: Fox Business
Date: 2021-05-14
Twitter: @FoxBusiness
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U.S. rejects state's challenge to work-from-home taxes

The U.S. Supreme Court rejected a New Hampshire challenge to Massachusetts' practice of taxing people who once worked in that state but started telecommuting from elsewhere during the pandemic.

Turning away a case that could have put billions of dollars at stake, the justices, without explanation, denied New Hampshire permission to sue Massachusetts directly at the high court.

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Publisher: The Mercury News
Date: 2021-06-28T14:09:27 00:00
Twitter: @mercnews
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Should N.H residents pay Mass. income taxes? Tell us what you think.

The Supreme Court has handed down bad news for New Hampshire residents who’ve been telecommuting for work since the start of the COVID-19 pandemic. 

In an attempt to settle the ongoing dispute between New Hampshire and Massachusetts over whether Granite State residents working remotely for Mass. companies should be charged income tax, the state took the case directly to the Supreme Court.

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Publisher: Boston.com
Date: 2021-06-29T15:04:40 00:00
Twitter: @BostonDotCom
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Happening on Twitter

Wayne County Commissioners Pass 2025 Budget

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