Sunday, April 30, 2023

House, Senate strike compromise in final budget proposal - Indiana Capital Chronicle

House Speaker Todd Huston details the compromise between Senate and House budget writers. (Whitney Downard/Indiana Capital Chronicle)

It also accelerates tax cuts and provides additional funding to address the state’s mental health crisis.

"I'm super excited about the investments that we've made," House Speaker Todd Huston, R-Fishers, said. "You go through ups and downs and lots of discussions but they all get to the best place."

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Publisher: Indiana Capital Chronicle
Date: 2023-04-26T22:35:10 00:00
Twitter: @INCapChronicle
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Saturday, April 29, 2023

U.S. overtime rules: past, present, and future | Reuters

April 26, 2023 - Workweek and overtime laws in the United States have significantly evolved since their 19th century inception. In recent years, however, the pace of change has increased rapidly at both the federal and state levels.

During the Industrial Revolution, the advent of large, mechanized factories required around-the-clock attention, resulting in a substantial increase of the average workday for many laborers.

Publisher: Reuters
Date: 2023-04-26T15:07:35.687Z
Author: Mark S Goldstein David T Hartmann
Twitter: @Reuters
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Friday, April 28, 2023

Where crypto can grow: Digital asset regulations around the world

As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space.

There have been some significant regulatory developments in recent weeks, with the European Parliament approving the Markets in Crypto-Assets (MiCA) regulations on April 20, Ukraine announcing it would adopt the same set of rules , and South Korea making progress with its proposed ...

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Publisher: Cointelegraph
Twitter: @cointelegraph
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Thursday, April 27, 2023

Economics without ethics is wrong

This year marks the 50th anniversary of the publication of EF Schumacher's groundbreaking book Small Is Beautiful .

It needed a writer of great courage and vision to go in the opposite direction and write about human scale and human dignity. Schumacher stood against the tide of mass production, mass consumption and the prevalent global economy.

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Publisher: The Ecologist
Date: 2023-04-27T10:20:36 0100
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Wednesday, April 26, 2023

Supreme Court to hear case of 94-year-old Minnesota woman who lost her condo over $2,300 in unpaid ...

Geraldine Tyler, now 94, lost her one-bedroom condo in Minneapolis over $2,300 in unpaid taxes, plus interest and penalties. Hennepin County sold the apartment for $40,000 and kept every penny.

Tyler's lawyers say the county violated constitutional protections against having property taken without "just compensation" and excessive fines. The Supreme Court , which hears arguments Wednesday, will decide.

Publisher: Fox News
Date: 2023-04-26
Twitter: @foxnews
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Monday, April 24, 2023

Art of Accounting: Helping a client who doesn't want help | Accounting Today

Occasionally we have clients who ask us a "short" question about how to do something that's very technical that could save them substantial taxes. Usually these are easy questions to respond to.

A simple example is where a client will be starting a business and wants to know if he could put it in his minor children's names. 

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Publisher: Accounting Today
Date: 2023-04-24T15:42:28.638
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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Sunday, April 23, 2023

The Week in Business: A Trial With a Twist - The New York Times

Last month, 11 of the country's largest banks came together to inject $30 billion into First Republic, a midsize bank that teetered on the brink of collapse after the failures of two other banks had sent shock waves through the banking sector. So, did it work?

After satisfying one conventional definition of a recession last year , gross domestic product, a key measure of economic output in the United States, returned to a period of growth , showing resilience in the face of a continuing pandemic, the war in Ukraine and stubborn inflation.

Date: 2023-04-23T11:00:05.687Z
Twitter: @nytimes
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Saturday, April 22, 2023

The laziness tax: Why your money is not accruing high interest

When it comes to investing, laziness is, broadly, a good thing. If you buy boring index funds and then just do nothing for many years, you are likely to outperform the vast majority of active traders.

Why it matters: Now that interest rates are no longer at zero, there's real money to be made by earning interest on your cash. But in order to do that, you probably need to open up a brand new account and move money into it.

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Publisher: Axios
Date: 2023-04-22T12:30:00Z
Author: Felix Salmon
Twitter: @axios
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Thursday, April 20, 2023

Do high-earning professionals always qualify for overtime exemption? - Lexology

Do high-earning professionals always qualify for overtime exemption? - Lexology
Publisher: Lexology
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Wednesday, April 19, 2023

Texas House approves sweeping limits on local regulations | The Texas Tribune

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Publisher: The Texas Tribune
Date: 2023-04-18T23:20:22.203707 00:00
Author: Joshua Fechter Erin Douglas and Alex Nguyen
Twitter: @TexasTribune
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Tuesday, April 18, 2023

BEPP 0001: Business Economics and Public Policy - Wharton Global Youth Program

Assessment is based upon active course participation, readings, assignments, and a final exam.

All programming originates from the Wharton School, University of Pennsylvania (Eastern Daylight Time).

Professor Judd Kessler received a B.A. in Economics from Harvard University in 2004, an M.Phil. in Economics from the University of Cambridge in 2005, and a Ph.D. in Business Economics from Harvard University in 2011.

Publisher: Wharton Global Youth Program
Date: 2023-04-17T14:40:24 00:00
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Monday, April 17, 2023

12 US Cities With Unique Taxes | GOBankingRates

Here are some taxes from across the U.S. that you might not have heard of. And the wildest things your taxes are paying for.

Having a cell phone in Chicago is going to cost you more than just a service fee. A family with a four-line plan that costs $100 a month will have to pay 34% of their bill to taxes on average.

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Publisher: GOBankingRates
Date: 2023-04-17T05:00:41Z
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Sunday, April 16, 2023

BST accounting firm leans into growing, not cutting, internships

Nia LaParl, a partner at the accounting firm BST & Co., works in audits and accounting. Of the department's staff of 24, 10 are former interns. (Courtesy of BST & Co.)

Adam Lawrence, chief talent officer, oversees company culture at BST & Co., an accounting firm headquartered in Latham. (Courtesy of BST & Co.)

Publisher: Times Union
Date: 2023-04-16 11:00:00
Author: Katherine Kiessling
Twitter: @TimesUnion
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Saturday, April 15, 2023

Trump's new financial disclosure shows his number of business holdings has doubled since ...

Trump's new financial disclosure shows his number of business holdings has doubled since ...

The report, which was filed weeks late even after Trump was given two 45-day extensions, shows that Trump has acquired hundreds of new assets -- but it's unclear exactly how the former president's businesses have been faring because much of financial information is only reported in broad ranges, ...

Publisher: ABC News
Date: 2023-04-15T02:16:30Z
Author: ABC News
Twitter: @ABC
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Federal Court Permanently Shuts Down Detroit Tax Preparation Business | OPA | Department of Justice

On March 13, 2022, a federal court in Detroit entered a permanent injunction against Jeanisia Saquise Allen and First Choice Tax Solutions, LLC, The Tax Experts, Inc., The Tax Experts, LLC, and Top Notch Taxes, Inc.

In addition, in related cases also filed in the same Detroit federal court, the court previously entered permanent injunctions against Jennifer Sherman and Erica McGowan, and their respective related businesses, Sherman Management Co., LLC and America Enterprise, LLC.

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Date: 2023-04-14T14:50:24-04:00
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UO Sweep at CFA Challenge | Lundquist College of Business

University of Oregon and Lundquist College of Business students are celebrating a double win at a prestigious finance competition.

The UO Investment Group team—made up of undergraduate students—took first and the Master's Investment Group team took second place for a UO sweep at the 2023 CFA Institute Research Challenge in Portland.

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Michigan State Hosts EverGreen NIL Business Summit - Michigan State University Athletics
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Publisher: Michigan State University Athletics
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Friday, April 14, 2023

Top 5 Pieces of Money Advice From Boomers to Gen Z | GOBankingRates

Top 5 Pieces of Money Advice From Boomers to Gen Z | GOBankingRates

Young people sometimes have the instinct to cast older people aside, perhaps believing people from older generations are out of touch. Gen Z might be tempted to do this with baby boomers: "What was a house when you were young, like, $7,000?

The stark contrast between then and now can lead Gen Z to believe baby boomers are out of touch. And while it's true things are very different now, it doesn't mean boomers haven't learned a thing or two in their time.

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Publisher: GOBankingRates
Date: 2023-04-14T05:00:13Z
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Buying A Blue Check? What This Could Say About Your Relationship With Money

The infamous "blue check" was once a symbol of notability and status across major social media platforms. Mostly reserved for athletes, entertainers, government officials, and members of the media, for the aspiring content creator it was the goalpost to measure impact and success.

Money worship is characterized by the belief that if you had more money things would be better. From a certain perspective this may be true, however many times more money comes with increased spending which results in a desire for more money.

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Publisher: Forbes
Date: 2023-04-14
Author: Rahkim Sabree CFEI RFC
Twitter: @forbes
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Smart Money: Money and Happiness: Uncover Your Money History | Business | tylerpaper.com

Welcome to NerdWallet's Smart Money podcast, where we answer your real-world money questions. This week's episode continues our deep dive into money and happiness. In this episode, we discuss how to analyze your history with money.

To unpack your financial history, start by asking yourself what your first memory of money is. You might want to enlist the help of a financial therapist for this exercise.

Publisher: TylerPaper.com
Author: Sean Pyles
Twitter: @Tylerpaper
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Money stress? Check your financial literacy. - The Washington Post

You are reading our weekly Well+Being newsletter. Sign up here to get it delivered to your inbox every Thursday.

Few topics are as stressful as money, and there's nothing like tax season to amplify financial anxiety.

The problem with money stress is that it creates a negative cycle. Research suggests that people who are anxious about money are less likely to plan for retirement , which in turn can increase anxiety about their financial future.

Publisher: Washington Post
Date: 2023-04-13T23:00:54.731Z
Twitter: @WashingtonPost
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Thursday, April 13, 2023

Saranac Lake budget hearing tonight | News, Sports, Jobs - Adirondack Daily Enterprise

Saranac Lake budget hearing tonight | News, Sports, Jobs - Adirondack Daily Enterprise

SARANAC LAKE — The village board is proposing a $6.28 million general fund budget for the new fiscal year, which is projected to be below the state’s tax cap and includes funding for some new projects — the product of savings, investments and cuts Mayor Jimmy Williams said ...

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Senate budget panel approves $308 billion spending plan | The Texas Tribune
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Publisher: The Texas Tribune
Date: 2023-04-12T21:32:55.514934 00:00
Author: Karen Brooks Harper
Twitter: @TexasTribune
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Good government groups on N.Y. 'budget bombs'

Date: HTML5 Flash
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Progressive Mayors Will Confront Budget Pressures

CHICAGO, IL - APRIL 04: Union organizer and Cook County Commissioner Brandon Johnson will be ... [+] Chicago's next mayor. (Photo by Alex Wroblewski/Getty Images)

Progressive mayors in Boston and Los Angeles have been joined by Chicago's Brandon Johnson, all hoping not only to change criminal justice but also spend more on affordable housing, child care, education, and other progressive polices.

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Publisher: Forbes
Date: 2023-04-13
Author: Richard McGahey
Twitter: @forbes
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Wednesday, April 12, 2023

TEA hearing held for Edinburg CISD employees accused of approving thousands in overtime pay to ...

Two employees with the Edinburg Consolidated Independent School District are fighting to keep their jobs after district superintendent Mario Salinas accused them of stealing taxpayer money.

Edinburg CISD Director of Payroll Zelda Martinez and Edinburg CISD Director of Personnel Margarita Oyervides were placed on paid administrative leave in December after the district accused them of paying themselves a combined $57,000 dollars in overtime for work they did to fix the district's ...

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Publisher: KRGV
Twitter: @krgv
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Punching In: DOL Defends Its Authority to Regulate Overtime Pay

Rebecca Rainey: The Biden administration is defending a Trump-era overtime rule in federal court in an attempt to quash a lawsuit that threatens to undermine its plans to issue another regulation to expand overtime protections to more workers.

Government attorneys argue that the Trump DOL was well within its authority to update the overtime test, as recognized by prior court rulings, and that Congress explicitly granted the agency the authority to "define and delimit" exemptions to overtime pay requirements.

Author: Punching In DOL Defends Its Authority to Regulate Overtime Pay
Twitter: @BLaw
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Supermarkets to pay $800,000 in overtime violation case | News | newburyportnews.com

A Boston-area supermarket chain will pay $800,000 to settle allegations that it violated state labor laws by failing to pay workers overtime and premium weekend rates.

The C-Mart stores, which specialize in Asian foods and are located in Boston's South End and Chinatown neighborhoods as well as in Quincy, were issued 15 citations in 2021 following an investigation by the attorney general's Fair Labor Division.

Publisher: The Daily News of Newburyport
Twitter: @NBPTDailyNews
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Mayor: COVID-related OT drove up East Hartford police and fire pay

Nine police officers and five firefighters were among the top-15 highest paid East Hartford employees in the 2021-22 fiscal year, data shows.

EAST HARTFORD — Police officers and firefighters topped the town's payroll for fiscal year 2021-22, in part due to overtime costs related to the COVID pandemic, officials said.

Publisher: CT Insider
Date: 2023-04-12 12:18:22
Author: Jesse Leavenworth
Twitter: @insider_ct
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Settlement reached in Mobile K-9 officers overtime lawsuit | WPMI
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Publisher: WPMI
Date: 2023-04-11T09:43:29 00:00
Author: _____
Twitter: @mynbc15
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Tuesday, April 11, 2023

New California Privacy Regulations Leave Key Questions Unanswered

​More than two years after California voters passed a law amending the state's landmark privacy rights statute, new regulations implementing the law finally took effect last week. Unfortunately, this leaves four key questions for employers unanswered.

While the agency charged with regulating the law is working to develop further guidance for employers, there will no doubt be a period of turbulence in California workplaces until it is finalized later this year.

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Publisher: SHRM
Date: 2023-04-11
Author: Usama Kahf and Jenna Rogenski Fisher Phillips
Twitter: @SHRM
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EPA proposes new regulations on toxic gas used to sterilize spices and medical equipment | CNN

Communities exposed to ethylene oxide gas had lobbied the EPA to put tighter controls on plants that use ethylene oxide gas.

The EPA issued the report on the new risks without issuing a news release, as it had done for the same report in years past.

The elevated risk became apparent after a two-decade long review of the toxicity of ethylene oxide by scientists in EPA's Integrated Risk Information System (IRIS) program.

Publisher: CNN
Date: 2023-04-11T15:18:36Z
Author: Brenda Goodman
Twitter: @CNN
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EPA's Strengthened Ethylene Oxide Regulations Will Help Protect Fenceline Communities, Rules ...

WASHINGTON (April 11, 2023)—The Environmental Protection Agency (EPA) has issued a proposed regulation that would require commercial sterilization facilities that use ethylene oxide (EtO) to sterilize medical equipment or food to adopt new technologies to control those emissions—a move applauded ...

Publisher: Union of Concerned Scientists
Twitter: @UCSUSA
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Report recommends allowing "learning period" for commercial human spaceflight safety regulations ...

WASHINGTON — A new report recommends that current restrictions on the Federal Aviation Administration's ability to regulate safety for people flying on commercial spacecraft be allowed to expire later this year.

The report by the RAND Corporation, prepared for Congress and released April 3, concluded that despite limited progress on establishing voluntary industry safety standards, the FAA and industry were now ready to start the process of developing formal safety standards for those participating in ...

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Publisher: SpaceNews
Date: 2023-04-10T11:13:18 00:00
Author: Jeff Foust
Twitter: @SpaceNews_Inc
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Monday, April 10, 2023

UC Riverside contract with economics firm ends after concerns raised – Press Enterprise

UC Riverside’s economics research center is inactive after the university’s contract with a consulting firm ended and faculty and students across the UC system raised concerns about the partnership.

The Center for Economic Forecasting and Development, which operates within the university’s School of Business, was run by Beacon Economics, a Los Angeles research and consulting company, since its creation in 2015 . The contract expired in December.

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Publisher: Press Enterprise
Date: 2023-04-10T13:00:06 00:00
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The Myth at the Heart of Modern Economics

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Series: Getting Back To The Basics Of Housing Policy And Economics

The world has changed in the last three years, but the basics of how to solve housing issues has ... [+] stayed the same.

It is important to play this idea out. If we could overcome all the epistemological and ontological challenges with "rights," and we knew that indeed, each and every person had a right to housing, we'd have to figure out how to measure that quantitatively. What kind of housing? How much housing?

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Publisher: Forbes
Date: 2023-04-10
Author: Roger Valdez
Twitter: @forbes
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Rivian: Great New Trucks But Concerning Economics (NASDAQ:RIVN) | Seeking Alpha

My thesis is that Rivian ( NASDAQ: RIVN ) builds great new trucks but their economics are concerning.

Truck buyers will be switching from ICE vehicles to battery electric vehicles ("BEVs") in the decades ahead and I believe the Tesla ( TSLA ) Cybertruck looks a bit strange to many prospective buyers such that there is a wide opening for competitors like Rivian.

Publisher: Seeking Alpha
Date: 2023-04-10T09:44:03-04:00
Author: Eric Sprague
Twitter: @SeekingAlpha
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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? ...