Sunday, December 31, 2023

Judge Orders Farmington Valley Developer To Comply With Order To Provide Accounting Funds



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Image HARTFORD, Conn. (WFSB) - The Farmington Valley developer accused of stealing hundreds of thousands of dollars from clients could face a contempt of court charge if he doesn't comply with a judge's order by mid-January.

Thursday, December 28, 2023

Page Halts Much Of St. Louis County ARPA Spending; Councilmember Calls Move ...



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Image CLAYTON, Mo. (First Alert 4) - A letter sent by St. Louis County Executive Sam Page last week indicated the county is halting over $1 million in American Rescue Plan Act money due to budget cuts passed by the council.

Wednesday, December 27, 2023

Class Action Against PHH Mortgage For Lack Of OT Pay Gets Certified



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According to the class action, the mortgage lender, a wholly owned subsidiary of Ocwen Financial Corp., "maintained an unlawful wage payment system for at least three years [2019 to 2022] and have enforced such unlawful policies." Image
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Monday, December 25, 2023

The Economist’s Country Of The Year For 2023



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H istorians will not look back on 2023 as a happy year for humanity. Wars blazed, autocratic regimes swaggered and in many countries strongmen flouted laws and curbed liberty. This is the grim backdrop to our annual "country of the year" award.

Sunday, December 24, 2023

4 Must-know Changes For Your 2023 Taxes



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Image As the year-end approaches, it's a good time to get paperwork organized and make a checklist of tax forms you'll need before filing, experts say.
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Friday, December 22, 2023

3 Business Lessons Learned From A $1M+ College Side Hustle



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This Side Hustle Spotlight Q&A features Swipesum co-founder and CEO Michael Seaman. His college Etsy side hustle, "Snappin Studio," sold hand-stamped metal gifts and saw more than $1 million in revenue.

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Thursday, December 21, 2023

Should You Move All Of Your Money To A Long-term CD Today?



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There isn't a perfect amount of money to deposit in a long-term CD. The right amount depends heavily on your unique financial situation. That said, there are a few factors to consider when deciding the amount to deposit in a long-term CD:

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Wednesday, December 20, 2023

Part Of Gov. Beshear’s Budget Plan To Focus On Public Safety



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FRANKFORT, Ky. (WKYT) - Kentucky's law enforcement could get tens of millions of dollars if the governor's budget proposal is passed as is. Governor Andy Beshear announced his budget plan Monday night. Part of it includes funding to enhance public safety.

Sunday, December 17, 2023

The 5 New Regulations That Will Affect Small Businesses In 2024 | Inc.Com



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After Learning Tennis Great Venus Williams Was Her Company's No. 1 Fan, Stephanie Morimoto Put Her Branding Dreams ...

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Friday, December 15, 2023

Property Taxes Are Soaring In St. Louis County



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Retired bus driver Pearl Hughes, 82, sits for a portrait outside her Wellston home on Sutter Avenue on Wednesday, Dec. 13, 2023. The appraised value of her home increased by just under half this year, adding roughly $300 to Hughes' property tax bill of $1,291.

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Thursday, December 14, 2023

Use Bribery Allegations Against Haslam In Pilot Truck Stop Chain Accounting ...



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DOVER, Del. (AP) — Warren Buffett's Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain to inflate the company's value as Berkshire defends itself in a dispute over the company's accounting practices, a ...

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Wednesday, December 13, 2023

BlackBerry Axes Plan To Separate IoT Business



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BlackBerry has scrapped its plan to split into two independent companies, including pursuing an initial public offering (IPO) for its IoT business unit. Instead, the Canadian tech giant has chosen to reorganise itself into two distinct internal divisions: one focusing on its cybersecurity ...

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No Time To Read? Here's The Breakdown:

1. BlackBerry has announced that it has abandoned its plan to spin off its Internet of Things (IoT) business into a separate entity. (Source: CNBC)

2. The company had initially proposed the spin-off in August 2020 as a way to focus on its core businesses and unlock value for shareholders. (Source: The Verge)

3. BlackBerry's IoT business includes its QNX operating system, which is used in a variety of industrial and automotive applications. (Source: ZDNet)

4. The decision to scrap the spin-off plan comes after BlackBerry reported a net loss of $1.2 billion in its fiscal 2021 fourth quarter. (Source: Bloomberg)

5. The company has been facing significant challenges in its IoT business, including increased competition and declining revenue. (Source: The Globe and Mail)

[+] (Please check back for more updates.)

Tuesday, December 12, 2023

Holiday Gift Shopping Tips: How To Budget And Save Money On Christmas And Hanukkah Presents This ...



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Here are some ways to budget for and save on holiday gift shopping this year as the pinch of inflation is still felt acutely in consumers' wallets.

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Monday, December 11, 2023

Germany's Scholz Confident Of Resolving Budget Crisis, Says No Dismantling Of The Welfare ...



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... ...

This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.

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Bullet Points:

Scholz emphasized that there will be no dismantling of the welfare state, despite the need to reduce the budget deficit.

• The minister highlighted the importance of maintaining a strong social safety net, particularly during times of economic uncertainty.

• Scholz's comments come as Germany faces a projected budget deficit of €60 billion for 2023, due to the COVID-19 pandemic and other economic factors.

• The government has already implemented a number of measures to reduce spending and increase revenue, including tax hikes and cuts to public sector wages.

• Despite the challenges, Scholz ### optimistic about the country's ability to resolve the crisis and maintain its commitment to social welfare.



... ...

Friday, December 8, 2023

Wealth Taxes Are Bad Economics



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A Supreme Court case about unrealized capital gains has implications for Biden's proposed tax on the very wealthy.

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Tuesday, December 5, 2023

At 46.7%; November 2023 Manufacturing Ism® Report On Business®



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New Orders and Backlogs Contracting; Employment and Production Contracting; Supplier Deliveries Faster; Raw Materials Inventories Contracting; Customers' Inventories Too High; Prices Decreasing; Exports and Imports Contracting

Monday, December 4, 2023

You Won't Believe How Much Money The Average American Says They Need To Be Happy



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A new study from Empower, a financial services company, found that 59% of U.S. adults, including 72% of Millennials and 67% of Gen Z, believe that more money could help them achieve happiness.

Date: 2023-11-29T21:26:33 00:00
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Saturday, December 2, 2023

Wells Fargo Accused Of Not Paying Overtime At Shortstaffed Us Branches



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The proposed class action filed in San Francisco federal court claims Wells Fargo improperly classified "senior premier bankers" as management-level employees who are exempt from overtime pay under federal and state laws.

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Publisher: Reuters
Date: 2023-11-30T22:48:59Z
Author: Daniel Wiessner
Twitter: @Reuters
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Friday, December 1, 2023

Governor Withdraws Proposed Gas-powered Vehicle Phase-out Regulations Ahead Of Vote



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“I’m disappointed, to be completely honest,” Dathan said, citing many of Connecticut’s neighboring states which have adopted the regulation.

He said the new proposal might give the state more time to determine what the electric vehicle marketplace will look like in five years. He said they will hold a press conference at 1:30 p.m.

Publisher: CT News Junkie
Date: 2023-11-27T23:52:39 00:00
Author: _____
Twitter: @ctnewsjunkie
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Thursday, November 30, 2023

Economics Newsletter: The High Cost of Homeownership Hinders Economic Mobility | Manhattan Institute



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Publisher: Manhattan Institute
Date: 2023-11-29T15:04:44 00:00
Twitter: @ManhattanInst
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Wednesday, November 29, 2023

The Supreme Court case seeking to shut down wealth taxes before they exist, Moore v.



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A SCOTUS case aiming to protect rich people from taxes could lead to chaos for the federal government's finances.

Nevertheless, on December 5, the Supreme Court will hear a preemptive strike on the very concept of wealth taxes.

This rule, the Supreme Court explained in Helvering v. Horst (1940), is "founded on administrative convenience." It is often difficult to determine how much an asset is actually worth until the asset is sold, especially if that asset is anything other than stock in a publicly traded company.

Publisher: Vox
Date: 2023-11-27T07:30:00-05:00
Author: Ian Millhiser
Twitter: @voxdotcom
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Tuesday, November 28, 2023

Accounting for the Future | Oklahoma State University



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Media Contact: Terry Tush | Director of Marketing & Communications | 405-744-2703 | terry.tush@okstate.edu

ChatGPT and other forms of artificial intelligence have been the talk of technology circles, and it's easy to see why.

So, it was only natural that accounting faculty nationwide collectively wondered about AI and its application in their field. Will AI programs drastically change accounting, they wondered? Will AI change the way they teach accounting?

Date: 2023-11-28T14:57:41.556Z
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Sunday, November 26, 2023

Virgin Money's profit misses forecasts as cost pressures bite | Reuters



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The company's pre-tax profit slumped 42% to 345 million pounds ($430 million) for the 12 months to Sept. 30, compared with a 430 million pounds average of analyst estimates compiled by the company.

Analysts at JPMorgan described the results as "mixed", but said higher costs would likely lead to analyst downgrades to its earnings outlook.

Publisher: Reuters
Date: 2023-11-23T08:53:43Z
Author: Eva Mathews Iain Withers
Twitter: @Reuters
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Saturday, November 25, 2023

Germany Announces Special Budget to Avert Crisis - The New York Times


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Germany Announces Special Budget to Avert Crisis - The New York Times

Germany announced a plan to resolve a looming budget crisis on Thursday, proposing a resolution that would make it possible to fill a hole in its spending plans without requiring fresh debt.

The move came after days of uncertainty triggered by the ruling from the country's highest court that declared elements of the 2023 budget invalid because of a rule that limits borrowing.

Date: 2023-11-23T18:24:54.000Z
Author: https www nytimes com by melissa eddy
Twitter: @nytimes
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Friday, November 24, 2023

Federal lawsuit seeks back pay for unpaid overtime work by Publix department managers | WLRN


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A group of hourly-paid department managers this week joined assistant department managers in a federal lawsuit against Publix, alleging the regional supermarket chain failed to pay them overtime in violation of the Fair Labor Standards Act.

The lawsuit, originally filed Oct. 26 in Tampa federal court, seeks back pay for the extra hours worked beyond the 40-hour work week. An amended complaint filed Tuesday added managers who work hourly to include those in the bakery, deli, meat and seafood departments.

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Publisher: WLRN
Date: 2023-11-22T20:20:57.564
Author: https www wlrn org sergio bustos
Twitter: @@wlrn
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Tuesday, November 21, 2023

UK government can now focus on cutting taxes for individuals - junior finance minister | Reuters

UK government can now focus on cutting taxes for individuals - junior finance minister | Reuters

Asked by BBC Radio whether the Autumn Statement would go beyond business tax cuts, Trott said: "The economy is in a very different place to where we were a year ago and we can now focus on going for growth, pushing up the growth rate of the economy and cutting taxes for individuals."

Publisher: Reuters
Date: 2023-11-21T09:23:33Z
Author: Reuters
Twitter: @Reuters
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Monday, November 20, 2023

The best small-business accounting software, and other tech stories you may have missed | ...

The best small-business accounting software, and other tech stories you may have missed | ...

With the holidays coming fast upon us, it's time to start thinking about presents. Ted Needleman scoured the review pile to see what might be appropriate to update your office, or to gift to staff.

Plus, Sage releases new Intacct features; Liscio unveils new upgrades aimed at enhanced client experience; and other accounting tech news.

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Publisher: Accounting Today
Date: 2023-11-16T14:00:00
Author: https www accountingtoday com author gene marks
Twitter: @AccountingToday
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Sunday, November 19, 2023

Amazon pitches Astro robot as security guard for business

Amazon pitches Astro robot as security guard for business

Amazon has a new job for its Astro robot: a roving security guard in stores to detect break-ins and other threats.

The company on Wednesday announced Astro for Business, a version of its household robot that it's framing as a crime prevention tool for retailers, manufacturers and a range of other industries, in spaces that are up to 5,000 square feet. Astro for Business is launching only in the U.S.

Publisher: CNBC
Date: 2023-11-15T14:55:31 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Saturday, November 18, 2023

France makes case for Paris to host new EU dirty money watchdog | Reuters

PARIS, Nov 17 (Reuters) - French Finance Minister Bruno Le Maire made the case on Friday for Paris to host the European Union's anti-money laundering agency, saying the French capital already benefited from being a centre for fighting dirty money.

EU countries agreed in 2021 to set up a dedicated agency to coordinate anti-money laundering efforts across the bloc after enforcement among national authorities was found to be inconsistent and wanting.

Publisher: Reuters
Date: 2023-11-17T11:54:56Z
Author: Reuters
Twitter: @Reuters
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Friday, November 17, 2023

German budget blow triggers 2024 growth and jobs warnings | Reuters

BERLIN, Nov 17 (Reuters) - A German court ruling that wiped billions from the federal budget could drag down growth by as much as half a percentage point next year in Europe's biggest economy, an economy ministry source told Reuters on Friday.

"According to initial rough estimates, a loss of investment funds could cause growth in 2024 to be about half a percentage point lower," the source, who is familiar with the economy ministry's forecasts, said.

Publisher: Reuters
Date: 2023-11-17T14:17:42Z
Author: Maria Martinez Andreas Rinke
Twitter: @Reuters
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Thursday, November 16, 2023

Disability Providers Warn Overtime Pay Rule Could Jeopardize Services - Disability Scoop

Disability Providers Warn Overtime Pay Rule Could Jeopardize Services - Disability Scoop

The U.S. Department of Labor wants to increase the number of workers who qualify for overtime pay, a proposal that disability providers say would further tie their hands amid a workforce crisis. (Chuck Myers/TNS)

A federal proposal to extend overtime pay to millions of additional workers could unintentionally lead to further cuts in the availability of services for people with IDD, providers say.

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Publisher: Disability Scoop
Date: 2023-11-13T02:01:45 00:00
Author: Michelle Diament
Twitter: @disabilityscoop
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Wednesday, November 15, 2023

White House proposes transportation, commerce agencies handle new space regulations

NEW YORK (Reuters) -The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft legislative proposal.

The plan would expand the Federal Aviation Administration's oversight of rocket launch sites on Earth to include various crewed and uncrewed activities in space, from regulating private astronaut missions to licensing commercial space stations and trips to the moon.

Publisher: Yahoo News
Twitter: @YahooNews
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Tuesday, November 14, 2023

US-China relations, global economics and the best of Burgundy top discussions at the Post’s ...

US-China relations, global economics and the best of Burgundy top discussions at the Post's ...

South China Morning Post's inaugural Family Business Summit (FBS) was co-organised with Blue Pool Capital, with the support of UBS and Brand Hong Kong.

The summit came just a day before Hong Kong inaugurated an academy to provide financial and skills training in wealth management to support the family-office industry.

Publisher: South China Morning Post
Date: 2023-11-13T18:56:02 08:00
Author: Natalie Wong
Twitter: @SCMPNews
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Monday, November 13, 2023

Colorado calls special session to address property taxes | 9news.com

DENVER — Gov. Jared Polis called for a special session of the state legislature Thursday to look at ways to provide property tax relief after  voters defeated Proposition HH on Tuesday.

Polis asked lawmakers to reconvene at 9 a.m. Nov. 17, and once they do, they'll look at providing property tax relief for the tax year 2023, which is paid next year.

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Publisher: KUSA.com
Date: 10:33 AM MST November 9 2023
Twitter: @9NEWS
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Sunday, November 12, 2023

Fisker Just Replaced Its Chief Accounting Officer. That's Bad News for FSR Stock.

On November 14 at 7pm ET, Eric Fry is revealing the biggest breakthrough of his career. An A.I. enhanced system that predicts the exact stocks set to soar 1,000% or more … no matter which way the overall market is headed.

Delaying earnings is seen as a bad signal, which explains the decline in FSR stock today. That’s coupled with the announcement last month that Fisker would lower the price on its Ocean Extreme trim to $61,499 from $68,999, which is already in effect.

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Publisher: InvestorPlace
Date: 2023-11-08T16:16:57 00:00
Author: Eddie Pan
Twitter: @InvestorPlace
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Thursday, November 9, 2023

Best way to offset Maryland budget deficits is with a balanced approach — starting now | STAFF ...

State government faces a growing gap between revenues and expenses. This is not entirely unexpected given that the Maryland General Assembly voted in 2021 to significantly increase spending on K-12 public schools under the Blueprint for Maryland's Future without fully funding the initiative.

Publisher: Baltimore Sun
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Twitter: @baltimoresun
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Tuesday, November 7, 2023

Mayor Tishaura O.

Mayor Tishaura O.

Implementation, including short term rental applications, will launch publicly by the end of 2024

ST. LOUIS - Today, Mayor Tishaura O. Jones signed Board Bills 33 & 34 , establishing regulations on short-term rentals such as AirBnB and VRBO. With today's signing, St.

Publisher: stlouis-mo.gov
Date: 2023-11-06:12:11
Twitter: @STLCityGov
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Sunday, November 5, 2023

Plan to impose commercial tax rates for vacation rentals draws ire

Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate. 

The measure would classify homes that are rented for more than 90 days a year on a short-term basis — defined as less than a month per booking — as commercial lodging properties.

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Publisher: The Colorado Sun
Date: 2023-11-01T09:50:00 00:00
Author: Jason Blevins
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Saturday, November 4, 2023

RBC to pay $6 mln to settle US charges of internal accounting control violations | Reuters

RBC to pay $6 mln to settle US charges of internal accounting control violations | Reuters

RBC, Canada's largest bank, did not admit or deny the SEC's findings in the settlement, the regulator said in a statement.

Publisher: Reuters
Date: 2023-11-02T20:28:12Z
Author: Reuters
Twitter: @Reuters
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The Relevance Of The Natural Sciences Methods In Economics

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