Friday, September 30, 2022

Economics In Brief: Where Black Wealth Is Most Concentrated In The U.S.

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New data has emerged pinpointing where in the U.S. Black people are most prosperous.

Loudoun County's Black population is relatively small (around 8.2% of approximately 405,000 people, per U.S. Census Bureau Data).

Twitter: @NextCityOrg
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Mastercard Incorporated - Mastercard Economics Institute: Consumers prioritize experiences and ...

Mastercard Economics Institute: Shifting wallets, new consumer spending habits (Graphic: Business Wire)

The latest Mastercard Economics Institute report applies unique and high-frequency economic measurements to answer three key questions — what, where and when — consumers are shifting their spending preferences. Key findings include:

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The father of Experimental Economics visits UW

On Tuesday, Sept. 27, Vernon L. Smith, Ph.D., sat down with the incoming College of Business Dean Scott Beasuler, who recently joined the university. 

The 95-year-old doctor is considered the father of experimental economics and received a Nobel Prize in economics for his contributions in 2002. 

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Date: 2022-09-30T13:21:48 00:00
Twitter: @uwbrandingiron
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Biden To Oil Industry: I Don't Understand Economics

In discussing hurricane Ian, President Biden issued a warning to the oil industry not to 'price-gouge' or take advantage or short-term problems to raise the price of oil products. "Do not – let me repeat – do not use this as an excuse to raise gasoline prices or gouge the American people.

The public sometimes seems to think that there are diabolical forces in the oil industry that gather together and decide what the oil price should be, but that they are only able to raise prices when some outside event like the Iranian Revolution or a hurricane given them "an excuse.

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Publisher: Forbes
Date: 2022-09-30
Author: Michael Lynch
Twitter: @forbes
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Economics and ice cream – Tennessee Lookout

When he was about 5 years old, my grandson Billy was attending a baseball game when he noticed a team mother nearby enjoying an ice cream cone. Not shy, he walked up to her and asked politely "Do you share?" She looked down, smiled, said nothing and continued to lick her ice cream.

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Publisher: Tennessee Lookout
Date: 2022-09-27T11:00:00 00:00
Twitter: @TNLookout
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Economics Department to move to Kunkel Hall, retain Simon name – The Lafayette

It is uncertain what the Simon Center will be used for after the relocation of the Economics Department. (Photo courtesy of Lafayette Communications)

The Economics Department is preparing for bigger and better things as Kunkel Hall undergoes renovations to become the new departmental home base.

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Publisher: The Lafayette
Author: Jenny Davis
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Reform the economics and governance of water

Moreover, droughts and fires in the United States and Europe, and severe floods and droughts across India, have reduced global grain yields and food exports, highlighting the extent to which our food production depends on large, stable volumes of water.

For the first time in our history, human activities are jeopardising water at its very source. Climate change and deforestation are reshaping the monsoon season, causing ice on the Tibetan plateau to melt, and affecting freshwater supplies to more than one billion people.

Publisher: https://www.bangkokpost.com
Date: 2022-09-30T04:00:00 07:00
Author: Bangkok Post Public Company Limited
Twitter: @BangkokPostNews
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The False Economics of Agentless Security for Mobile - Security Boulevard

Agentless security for mobile is an approach that promises businesses protection from attack without having to add any security related software into their mobile apps. In this article we will look at the pros and cons of adopting this approach compared to alternative mechanisms.

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Publisher: Security Boulevard
Author: David Stewart
Twitter: @securityblvd
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Economics Department Welcomes Four New Professors  – The Bates Student

In the 2020-2021 academic year, the economics department lost four professors , heavily impacting seniors in the major. Several 300-level courses were restructured and students were unable to complete a thesis in economics.

Coming from Miami University in Ohio, Smith looks forward to the small community at Bates and getting to know students in elements beyond the classroom, such as sports games.

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Publisher: The Bates Student
Author: Eva Rodriguez
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Free Market: The History of an Idea by Jacob Soll review | Economics | The Guardian

This rich history of economic thought shows that the concept of completely unfettered trade is an extremely recent invention

Yet how surprised should we really be by these flagrant U-turns and blatant inconsistencies?

Yet Soll sets out how a much older liberalising tradition of economic thought holds almost the opposite view: that markets only produce good results when built atop a robust ethical framework.

Publisher: the Guardian
Date: 2022-09-30T06:30:31.000Z
Author: Felix Martin
Twitter: @guardian
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Thursday, September 29, 2022

Missouri House committee moves to end corporate income taxes

COLUMBIA, Mo. (AP) — The powerful Missouri House Budget Committee on Wednesday voted to phase out corporate income taxes.

The cuts would be triggered by higher-than-usual corporate income tax collections similar to those the state has recently seen. Corporate income and franchise tax collections increased more than 14% last fiscal year, for example, from $797 million the previous year to nearly $910 million.

Publisher: https://www.ky3.com
Twitter: @kytv
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Senators launch 11th-hour push to protect broadband from new taxes

A bipartisan group of senators is making an eleventh-hour push to shield President Biden's billion-dollar broadband investment from being diluted by new taxes.

The big picture: With vulnerable lawmakers eager to get out of town and defend their seats on the campaign trail, leaders in both chambers want to wrap up legislative business this week and come back after the election.

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Publisher: Axios
Date: 2022-09-28T22:26:08.475000Z
Author: Hans Nichols
Twitter: @axios
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It's looking likely that Ohio cities must refund your 2020 income taxes: Today in Ohio - ...

We're talking about what this means for Ohioans who paid taxes in their office cities while working at home during the pandemic on Today in Ohio.

Editor Chris Quinn hosts our daily half-hour news podcast, with impact editor Leila Atassi, editorial board member Lisa Garvin and content director Laura Johnston.

Publisher: cleveland
Date: 2022-09-28T15:07:21.537Z
Author: ljohnsto
Twitter: @clevelanddotcom
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Losing a Home for Unpaid Taxes Often Means Losing Your Equity, Too | The Pew Charitable Trusts

While relatively rare, the plight of the homeowners highlighted in those stories is not confined to Massachusetts.

Sometimes the local governments take over the properties; other times the municipalities sell the liens on those unpaid bills to private investors who can then foreclose.

Twitter: @pewtrusts
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Iowa corporations to pay lower taxes as state amasses $1.91B surplus

Reynolds' office said that the state's top corporate tax rate is now set to drop from 9.8% to 8.4% after the state took in significantly more corporate tax revenue than expected last fiscal year.

The new law reduces corporate tax rates depending on how much revenue the state takes in the previous year.

Publisher: _____
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Britain's Gamble on Tax Cuts has Economists Warning of Past Mistakes - The New York Times

WASHINGTON — A stunning rebuke from the International Monetary Fund this week underscored one of the biggest risks of the new British government's plan to slash taxes on high earners: It could exacerbate rapid inflation and destabilize markets at a precarious economic moment.

Date: 2022-09-29T09:00:15.000Z
Twitter: @nytimes
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HCA, Buncombe mediation over Mission property leads to $1.2M tax hit

Because Buncombe agreed to lower valuations than it initially assessed, the amount of taxes HCA owes for those two years has been retroactively lowered.

Buncombe now will give a credit of more than $1.2 million to HCA because, according to the new agreement, it overpaid its tax bill for two years.

Publisher: The Asheville Citizen Times
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Unpaid taxes in Ulster County get attention from lawmakers - Hudson Valley One
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Publisher: Hudson Valley One - Independent news & entertainment of the Hudson Valley
Date: 2022-09-28T15:14:18 00:00
Author: Crispin Kott
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Sold Tesla Shares After the Stock Split? Don't Forget About Taxes

Tesla (NASDAQ: TSLA) completed its second stock split after close of trading on Aug. 24. If you had one share of Tesla in your account before the stock split, you now have three whole shares of the electric vehicle maker sitting in your account.

Although it may be tempting to sell your extra shares, there's something you should consider before making your move: taxes. Selling your Tesla shares for a profit could trigger a taxable event.

Publisher: The Daily Nonpareil - Council Bluffs, Iowa
Author: _____
Twitter: @nonpareilonline
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Kiffmeyer: Helping Minnesotans Struggling with Rising Costs and Burdensome Taxes

Inflation continues to soar and negatively impact all aspects of a family's budget. And troublingly,  grocery prices rose 13.5%  in August – the highest increase since March of 1979.

Our state is one of the most heavily taxed states in the nation, and Minnesota's  historic $9.25 billion budget surplus  is a strong indicator of just how much our state asks of taxpayers. It's critical to get government spending back under control.

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Publisher: _____
Date: 2022-09-28T16:31:16 00:00
Twitter: @mnsrc
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Wednesday, September 28, 2022

Best Real Estate Accounting Software (2022) – Forbes Advisor

Real estate accounting software should offer key basic features, such as the ability to accept online payments, send invoices, figure tax deductions and track expenses. However, different real estate professionals need different added features.

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Publisher: Forbes Advisor
Date: 2022-09-28T10:00:21-04:00
Author: Alana Rudder
Twitter: @forbes
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Dartmouth-bound!: How giving up lucrative accounting gig paid off for Coach Bosco

And like his buddies, at least the smart ones, Bosco had accepted a nice-paying job at one of the big national accounting firms in Boston after an internship the year before.

Bosco, who had a Hall-of-Fame-type career as a four-year starting catcher and two-time captain at Roger Williams, got the opportunity to play pro ball the summer after he graduated in independent leagues in New Mexico and Canada.

Twitter: @YahooNews
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Accounting Software Market : Analysis by Size, Share Trends, Future Growth, Emerging Trends, ...

Sep 28, 2022 (The Expresswire) -- The global Accounting Software market size was valued at USD 14115.64 million in 2021 and is expected to expand at a CAGR of 7.47% during the forecast period, reaching USD 21749.59 million by 2027.

" Accounting Software Market " Insights 2022 By Types [Online Solutions Accounting Software, Desktop Solutions Accounting Software], Applications [Manufacturing, Services, Retail], Regions and Forecast to 2027.

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Publisher: MarketWatch
Date: 2022-09-28T00:46:52-04:00
Twitter: @marketwatch
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Native American tribal comptroller harnesses benefits of Rutgers Governmental Accounting program | ...

New graduate gained knowledge to better leverage his tribe's finances to fund additional services and projects to benefit the community.

"There's such a need for this kind of expertise in running Native American tribes," Williams said.

Williams was working in finance for a Native American tribe in Washington State when a supervisor mentioned the online program at Rutgers .

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Publisher: markets.businessinsider.com
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Regate modernizes accounting and financial tools

This way, you can automate and simplify some of your financial and accounting tasks without having to switch to a brand new accounting tool. For instance, Regate has built integrations with Sage, Cegid and MyUnisoft.

In addition to Valar Ventures, 360 Capital is participating in today's funding round. 360 Capital previously invested in the startup's seed round. The company previously raised a €7 million seed round ($7 million at today's exchange rate).

Twitter: @Yahoo
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First Integration Between Bloomberg Tax & Accounting Research and Provision Provides ...

Integrating tax technical expertise and intelligence into Bloomberg Tax & Accounting's software products, the new enhancement to Bloomberg Tax Provision makes it easy for users to keep track of the latest tax rate changes and update tax rates quickly and easily within the software, with ...

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Publisher: markets.businessinsider.com
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The High Stakes of Climate-Risk Accounting by Gernot Wagner & Tom Brookes - Project Syndicate

Although businesses and investors stand to make a lot of money if they can properly navigate the new risk environment, no one seems to have a good explanation for why we are where we are. Climate risks, in particular, have been systematically underestimated, and thus mispriced, for decades.

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Publisher: Project Syndicate
Date: 2022-09-28T10:05Z
Author: Gernot Wagner Tom Brookes
Twitter: @prosyn
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Tuesday, September 27, 2022

How to Prepare the Next Generation to Run the Family Business

Why don’t more businesses pass down through the generations, and conversely, why aren’t younger generations more interested in taking on significant responsibility in their family businesses?

Statistics on family-owned and -operated businesses show that although as many as one-third of family businesses transition to second-generation leadership, in the last five years, that number has dropped to only 19% . According to a 2021 Family Business Survey by PWC, in the U.S.

Publisher: Harvard Business Review
Date: 2022-09-27T12:25:28Z
Twitter: @harvardbiz
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Bloomberg - Are you a robot?
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Exclusive: Hearst eyes $12B in revenue as B2B business grows

Hearst expects revenues to grow close to $12 billion this year, up slightly from the record $11.9 billion it earned last year, according to new figures from CEO Steve Swartz provided to Axios in an interview.

Why it matters : A larger portion of the company's profits now comes from its specialty media, data and software businesses than from its traditional consumer media businesses, which include magazines, newspapers, and local and national TV.

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Publisher: Axios
Date: 2022-09-27T14:55:25.423000Z
Author: Sara Fischer
Twitter: @axios
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4 steps for proving IT's value to the business | CIO

David Vidoni wants to be sure that workers throughout his company know “how IT can transform the business.”

Vidoni, vice president of IT at tech company Pegasystems, gets the word out using various channels, from reports on metrics to easily accessible dashboards.

Publisher: CIO
Date: September 26 2022
Twitter: @CIO
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Japan Should Strengthen New Business and Human Rights Guidelines | Human Rights Watch

Japan's recently adopted guidelines on responsible use of supply chains are a missed opportunity to entrench strong human rights requirements in a global business superpower.

The Ministry of Economy, Trade and Industry Guidelines on Respect for Human Rights in Responsible Supply Chain , part of a global trend towards greater government oversight of businesses' human rights impacts, could have been a much-needed tool to address Japanese companies' complicity in ...

Publisher: Human Rights Watch
Date: 2022-09-26T17:09:15-0400
Twitter: @hrw
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Governor Abbott Announces Governor's Small Business Series - South Padre Island | Office of the ...

Governor Greg Abbott today announced the next in the statewide 2022 Governor’s Small Business Series to be held in-person in South Padre Island on Thursday, October 6, featuring special guest First Lady Cecilia Abbott.

“Texas leads the nation in job creation as businesses big and small thrive in the Lone Star State,” said Governor Abbott. "I am especially proud that we lead the nation for jobs created by Hispanic women, Black women, and veteran women business owners.

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Twitter: @GovAbbott
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Inflation is here to stay, Asian business leaders warn

Inflation in consumer goods will persist as a "new normal" as the global economy undergoes structural changes, Asian business leaders warn.

While rising interest rates might eventually temper asset prices, deglobalization and decarbonization could continue to drive up costs for everyday goods, said V. Shankar, chief executive of emerging markets investment manager Gateway Partners.

Publisher: CNBC
Date: 2022-09-27T06:37:16 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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#GiveTLH 2022: Teenpreneur equips kids with business skills

When Entrepreneurship Education Consultant Jennifer Donald kept hearing encouragement from her clients to offer similar services to kids and teens, it felt like a sign.

"I was conducting workshops and teaching people how to write a business plan, brand their business, apply for grants, and put together business proposals," she explains. "They kept saying, 'it would be awesome if you could teach this to kids'.

Publisher: _____
Author: Heather Fuselier
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Nick Saban's latest business venture is a Nashville Ferrari dealership - al.com

The Alabama coach is part of the ownership group opening Prancing Horse of Nashville, a 43,400-square-foot showroom for the Italian sports car dealership, one of only 60 in the world.

Situated on a 14.33-acre site at 2320 Knights of Columbus Blvd., Prancing Horse is near the Nashville International Airport along Interstate 40.

Publisher: al
Date: 2022-09-27T12:00:01.803Z
Author: Utnaphistim
Twitter: @aldotcom
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Tesla's used car business is huge

Tesla claims its used car business is "as big as some publicly traded used car retailers," and it is expanding fast.

Many factors separate Tesla's business from other automakers, and its direct-sale model is one of the biggest – and probably the one that other automakers are most jealous of.

Publisher: Electrek
Date: 2022-09-26T18:51:44 00:00
Author: Fred Lambert
Twitter: @electrekco
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I'm Set To Make A Massive Sum Of Money. My Husband Is Aghast At My Plans For It.

Pay Dirt is Slate's money advice column.  Have a question? ...