© Reuters. French Strikes Against Macron Pension Reform Enter Second Month (Bloomberg) — Strikes against French President Emmanuel Macron’s proposed pension reform entered their second month with no clear end in sight, as unions prepare for two more days of street protests, with some planning more radical actions. Prime MinisterRead More →
ROME (Reuters) – Italy’s government will hold a vote in parliament next week to decide on reform of the euro zone’s bailout fund, as divisions within Rome’s ruling coalition deepen. The anti-establishment 5-Star Movement opposes signing off on the reform until plans for a wider European banking union become clearer,Read More →
New research argues the ultra-rich paid a lower overall tax rate for the first time ever last year than the other income groups. “There are a lot of advantages to being rich, and this is one of them,” said Mark Mazur, director of the Urban-Brookings Tax Policy Center. The moreRead More →
LONG BEACH, Calif. — Senate Majority Leader Mitch McConnell, a longtime opponent of reforming marijuana laws, is spending more time than usual thinking about cannabis on a trip to California this week. McConnell is attending at least two days’ worth of meetings with cannabis industry executives, small-business owners and advocatesRead More →
© Reuters. China Reform 2.0, No-Deal Brexit Recession, Fed Split: Eco Day (Bloomberg) — Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend: China’s unprecedented growth is giving way to a grinding slowdown. What worked to raise prosperity yesterdayRead More →
By Huw Jones LONDON (Reuters) – More realistic curbs on investors wanting to pull cash from funds could make investing in infrastructure more attractive and bolster economic growth, a senior Bank of England (BoE) official said on Monday. The decision by high-profile British fund manager Neil Woodford to suspend hisRead More →
© Reuters. FILE PHOTO: New recruits of the Vatican’s elite Swiss Guard march in front of the tower of the Institute for Works of Religion during the swearing-in ceremony at the Vatican By Philip Pullella VATICAN CITY (Reuters) – Pope Francis has approved new statutes for the Vatican Bank, makingRead More →
© Reuters. People’s shadows are cast on a wall as they walk through London’s Canary Wharf financial district in the evening light in London LONDON (Reuters) – A coalition of British industry groups and education bodies, worried by the prospect of Brexit worsening skills and labor shortages, has called forRead More →
More people ended up with a tax bill this tax season compared to a year ago, according to new data from an Internal Revenue Service watchdog. There were 23.4 million returns with a balance due in the 2019 tax season — the first after President Donald Trump’s Tax Cuts andRead More →
Happy Friday MarketWatchers. Enjoy the first summer weekend and don’t miss these top stories: After Trump’s sweeping tax reform, more Americans owed the IRS money The first year under the Tax Cuts and Jobs Act was a rude surprise for many workers. The road to riches is this simple: DriveRead More →
Gains from President Trump’s sweeping 2017 tax code overhaul could be blotted out by rising tariffs. The Tax Cuts and Jobs Act of 2017 created an estimated 340,000 full-time equivalent jobs, but when you add up all of America’s enacted and threatened tariffs, plus China’s retaliatory tariffs, that could endRead More →
Bloomberg They called it “Gucci Gulch.” All throughout 1986, while legislators hammered out the biggest tax reform package in American history, special-interest groups and their expensively-shod lawyers gathered in the halls of Congress, trying to make sure their concerns were reflected in the policy being drafted. A popular book immortalizedRead More →
© Reuters. FILE PHOTO: Part of a facade of a future urban project of Iraqi-British architect Zaha Hadid is seen at a construction site in downtown Beirut By Tom Miles GENEVA (Reuters) – Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely causedRead More →
