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$15BN For Airlines, Corporate Meal Tax Breaks And Other Pork: What's Inside The $900BN Stimulus BIllDec 21, 2020 - 08:10:36 PST
The cost to taxpayers of the proposal is not known, though tax experts expect it to not exceed a few billion dollars a year.
The coronavirus pandemic has forced many Americans to accept new financial realities. WSJ’s Shelby Holliday traveled to a diverse neighborhood in Philadelphia to learn how neighbors are facing different struggles brought on by the same virus.
A proposed wealth tax would apply for a decade to anyone who spends 60 days in the state in a single year.
The coronavirus shutdowns quickly reordered retail, sending many weaker and heavily indebted chains to court.
Dec 21, 2020 - 07:51:15 PST
Russia acted with impunity when it hacked U.S. government servers in a global cyber-espionage campaign and could do far more damage next time — like cutting off the nation’s water and electricity supply, GOP Sen. Mitt Romney said Sunday.
As the world population grows & climate instability continues, experts foresee future crop demand that may prove overwhelming vs supply.
Chef Jose Andres Urges Biden to Think of Food As ‘National Security Issue’ As Millions Go HungryDec 21, 2020 - 07:38:48 PST
With a hunger crisis brought on by the coronavirus pandemic threatening to affect nearly 50 million Americans, Washington’s most famous chef is imploring the federal government to take bold action.
Watch this video on Silver Outperforms All the Metals In 2020, then please share with your friends and family on social media and use the caption Silver Outperforms All the Metals In 2020
$100 in 1930 is equivalent in purchasing power to about $1,558.26 today, an increase of $1,458.26 over 90 years. The dollar had an average inflation rate of 3.10% per year between 1930 and today, producing a cumulative price increase of 1,458.26%.
"Everything is in dollars now," she says ruefully — a sign of monumental change in the country that she says would have Chavez turning in his grave.
Dec 21, 2020 - 07:18:04 PST
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected.
Japan’s Record $1 Trillion Budget Highlights COVID Challenge to Growth, DebtDec 21, 2020 - 06:54:12 PST
Japan's cabinet approved on Monday a record $1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances.
The money supply grew by 37.08% year-on-year in November based on the True Money Supply Measure (TMS). It was effectively the same rate of growth we saw in October and remains near September's all-time high rate of growth.The staggering growth in the money supply becomes more clear when you compare this year with last. TMS growth in November 2019 was just 5.9%.
Scientists, MPs Ask "Where Is Evidence Of 70% More Contagious Mutant COVID?"Dec 21, 2020 - 06:46:35 PST
Given the "plunge" in stocks (Nasdaq is down less than 1%) and headlines blaring of COVID "mutations", @KizzyPhd decided to 'clarify' some science before all hell breaks loose (which judging by the London exodus, it already did) for no good reason. She begins...
U.K. Braces for Possible Shortages of Some Foods as France Closes Border Over New Covid Strain: WSJDec 21, 2020 - 06:44:16 PST
The U.K. was braced for potential food shortages and disruption to manufacturing if France continued a ban on freight as well as people traveling from Britain in an effort to stop the spread of a new strain of the coronavirus.
The big story last week was the dollar's slow meltdown. The dollar index broke below 90 for the first time since the spring of 2018.The financial media hasn't ignored the dollar weakness, but Peter said they don't seem to grasp the significance of what's going on, nor do they realize how much further the dollar has to fall. In fact, a lot of the talk has focused on the positives of dollar weakness. In his podcast, Peter argues this growing dollar weakness is not America's win.
“The U.S. fiscal package is supporting inflation expectations. As a result, the yield of the 10-year U.S. Tips has fallen the lowest level since September. Falling real rates are positive for gold,” said UBS analyst Giovanni Staunovo.
Janet Yellen once touted the benefits of a weaker greenback for exports, but as the incoming Treasury secretary, she faces pressure to return the U.S. to a “strong-dollar” policy -- and may cause trembles on Wall Street if she doesn’t.
A compromise reached during pandemic relief talks over restrictions on the Federal Reserve doesn’t resolve differences in how Republicans and Democrats view its emergency lending authority, setting up a potential clash over how the central bank is able to respond to future crises.
The aid package will keep millions from losing jobless benefits. But it comes too late to prevent lasting damage to many families and businesses.