Senate Sets Offshore Tax Rate as High as 10%: Tax Debate Update
published Nov 9, 2017, 9:19:42 PM, by Bloomberg News (Bloomberg) —It was crunch time for Republican tax-writers on Thursday. The House Ways and Means Committee completed its tax-cut legislation and sent it on its way to the full House, while a Senate panel began revealing details of its own version.
`Time Warp’ North Korea Must Send Sign for Change, Seoul Says
published Nov 12, 2017, 4:00:01 PM, by Rosalind Mathieson and Haslinda Amin (Bloomberg) —North Korea, a country in a “time warp” that feeds paranoia at home with propaganda about a hostile world, could secure its future by laying the groundwork for talks on its nuclear weapons program, according to South
One of the World’s Biggest Miners Is About to Go Coal Free
published Nov 9, 2017, 6:01:00 PM, by Thomas Biesheuvel (Bloomberg) —Just five years ago it would have been almost unthinkable that one of the world’s biggest mining companies would not dig any coal. It’s now likely to become a reality. Rio Tinto Group, the world’s second-largest miner, has been steadily
SPORTS by Brad Weisman: Pat Tillman
Pat Tillman (11/6/1976-4/22/2004) was not your ordinary NFL football player by any means. In fact, Pat was a student in the classroom and a student of life. He spent the vast part of his life learning as much as he could about the many interests that surrounded his big brain.
Hollywood Sexual Abuse Claims Prompt Prosecutor’s Task Force
published Nov 9, 2017, 5:55:13 PM, by Edvard Pettersson (Bloomberg) —The Los Angeles district attorney has created a special task force to handle the deluge of sexual abuse claims coming out of the entertainment industry. Since the New York Times last month published a story about allegations of sexual harassment
Ending Obamacare Mandate Could Save $338 Billion for Tax Bill
published Nov 8, 2017, 4:48:44 PM, by Anna Edney (Bloomberg) —Rolling back Obamacare’s requirement that all Americans have health insurance would save the U.S. $338 billion over 10 years, according to the Congressional Budget Office, a smaller benefit than previously projected for a plan favored by the White House. Republicans
Fear of the Taxman Blights Modi’s Quest to Expand Formal Economy
published Nov 8, 2017, 5:00:00 PM, by Archana Chaudhary (Bloomberg) —Twice in the past year, Mohammed Mohsin’s textile design business was buffeted by major changes in the Indian economy. First, a ban on high-value notes, then a new tax system. Now, he senses yet another threat. “There’s a new fear,”
U.S. Flexes Refining Muscles to Satisfy Mexico Fuel Thirst
published Nov 8, 2017, 6:53:41 PM, by Laura Blewitt (Bloomberg) —U.S. refiners are setting up for the strongest end-of-year they’ve ever had, and it’s all thanks to Mexico. Nationwide gross oil refinery inputs will rise above 17 million barrels a day before the year ends, according to Energy Aspects, even
Asian Stocks Decline as Dollar Slips on Tax News: Markets Wrap
published Nov 7, 2017, 7:48:04 PM, by Andreea Papuc (Bloomberg) —Asian stocks declined, suggesting a pause in a rally that lifted regional equities to the highest levels in at least a decade. The dollar came under pressure after advancing against G10 peers amid concern about the progress of U.S. tax
Debating Where Tech Will Take Finance: Tyler Cowen, Matt Levine
published Oct 31, 2017, 6:00:10 AM, by Tyler Cowen and Matt Levine (Bloomberg View) —After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost