Month: September 2019

Federal Reserve Chairman Jerome Powell said on Wednesday that the Fed may have to resume the organic growth of its balance sheet sooner than expected to help ease money markets. “Going forward, we’re going to be very closely monitoring market developments and assessing their implications for the appropriate level of reserves,” Powell said in a
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Shutting down the government comes at a price. A new report from the Senate Permanent Investigations Subcommittee concludes the last three government shutdowns cost taxpayers $4 billion. Much of the cost came from paying federal workers for time that they were barred from working. At least $338 million went to costs directly associated with the
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Lacy O’Toole | CNBC Berkshire Hathaway‘s executive Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett’s business model. Cool, who joined Berkshire in 2009 as Buffett’s financial assistant, said she’s building an investment vehicle that acquires companies “too small for Berkshire,” The Wall Street Journal reported.
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses denial of a restricted application for spousal benefits only, whether benefits for an ex impact a decision to remarry, the possibility of voluntarily ending disability, reinstating retirement benefits at
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Countries around the world often design their tax policies to become attractive targets for foreign investment. These policies can be anything from a system with special preferences for certain industries to a well-designed tax system based on principles of sound tax policy. Systems that are rife with special preferences and complexities can create distortions in
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New York State prosecutors seek 8 years of President Trump’s personal and corporate tax returns. The prosecutors have subpoenaed the records from Trump’s accounting firm. They acted in late August after opening a criminal investigation into the role that the president and his family business had in hush-money payments made before the 2016 election to
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Personal finance website WalletHub has ranked 182 U.S. cities for their “fun” factor, weighing entertainment, recreation and nightlife options against local costs. Fun is no joke when it comes to household budgets. According to the Bureau of Labor Statistics, the average American spent $3,226 on entertainment in 2018, a 0.07% rise over 2017. From 2016
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An interview and Q&A with billionaire activist investor and founder of Elliott Management Corporation, Paul Singer, and billionaire Private Equity titian and co-founder of The Carlyle Group, David Rubenstein. In this interview, the gentlemen discuss their thoughts on the US economy and the impact of monetary policy on inequality. They also talk about the path
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Although the word is often applied to any difficult decision, a dilemma, properly speaking, arises when one is forced to choose exclusively from bad options. The two bad options are termed the “horns” of the dilemma. As Chicago contemplates how to close a revenue shortfall and potentially generate additional revenue for new spending priorities, however,
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The IRS is opening the application period for the 2020 Compliance Assurance Process program, and for the first time since 2015 new corporate applicants who meet eligibility requirements can apply. The application period runs Sept. 16 to Oct. 31. The IRS will let applicants know if they’re accepted into the program around the end of
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