Economics And Finance
Warren Buffet’s Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme
A California couple whose solar company counted Berkshire Hathaway Inc. BRK.B -1.10% as one of its investors pleaded guilty Friday to running a $900 million Ponzi scheme. Warren Buffet's Berkshire Hathaway Invests In Solar Company Accused Of Running Ponzi Scheme Jeff and Paulette Carpoff, who began raising money in 2011,…
So Long, California? Goodbye, Texas? Taxpayers Decide To Move
After new tax law made it costlier to own a house in many high-price areas, some residents are pulling up stakes. So Long, California? Goodbye, Texas? Taxpayers Decide Some States Aren’t Worth It (#GotBitcoin?) Larry Belardi and Bobbie LaPorte are longtime San Francisco residents, but they are planning to leave…
H.R.5635 – Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction. H.R.5635 - Virtual Currency Tax Fairness Act of 2020 ($200.00 Limit) 116th Congress (2019-2020) [embed]https://www.youtube.com/watch?v=XzN0pu6Eohg[/embed] Get Alerts Text Available As: XML/HTML XML/HTML (new window) TXT PDF (PDF…
World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?)
The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60% of the planet’s population, a new report from the charity group Oxfam says. World’s 2,153 Billionaires Hold More Wealth Than 4.6 Billion People Combined (#GotBitcoin?) Oxfam’s report, ‘Time to Care’, was released Sunday just…
The Key Distinction Between U.S. Energy Independence And Energy Security
As crude prices react to escalating tensions between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy “security” as the terms apply to the U.S. The Key Distinction Between U.S. Energy Independence And Energy Security…
The Prospect of Using Bitcoin To Build A New International Monetary System Is Getting Real
When world leaders gather in Davos next week, they’ll confront an essential question: Can they seize the opportunity generated by years of innovative blockchain development to reshape the global economic order in a way that creates wealth and value for people around the world? The Prospect of Using Bitcoin To…
Former Senior Fincen Employee Pleads Guilty To Conspiring To Unlawfully Disclose Suspicious Activity Reports
Natalie Mayflower Sours Edwards Illegally Repeatedly Transmitted SARs and Other Sensitive Government Information To A Reporter Resulting In Approximately 12 News Articles Over 1-Year Period. Former Senior Fincen Employee Pleads Guilty To Conspiring To Unlawfully Disclose Suspicious Activity Reports Geoffrey S. Berman, the United States Attorney for the Southern District…
The Era of Fed Power Is Over. Prepare For A More Perilous Road Ahead
Central banks have long exercised influence over booms and busts, but their ability is shrinking. The Era of Fed Power Is Over. Prepare For A More Perilous Road Ahead The Federal Reserve and other central banks have long been the unchallenged drivers of financial markets and the business cycle. “Don’t…
How The U.S. And China Settled On A Trade Deal Neither Wanted (#GotBitcoin?)
The world’s two largest economies will sign a compromise Wednesday that calms their trade war—here’s the back story. How The U.S. And China Settled On A Trade Deal Neither Wanted U.S. talks with China to complete a first-stage trade deal had hit an impasse around Thanksgiving, raising fears a nascent…
Should Robots Pay Taxes? (#GotBitcoin?)
In all likelihood, your co-workers pay taxes. But what happens if your boss replaces them with sophisticated software or dexterous machines—ones that perform the same tasks for less money (at least over the long run) and contribute nothing in payroll taxes? Should Robots Pay Taxes? (#GotBitcoin?) One seemingly flip answer…
Trump Inc. Explores Buyout of Conservative News Channel
Hicks Equity Partners, a firm tied to Republican National Committee co-chair Thomas Hicks Jr., is pitching GOP donors on buyout of One America News Network. Trump Inc. Explores Buyout of Conservative Channel Seeking To Control News Narrative (#GotBitcoin?) Allies of President Trump are pursuing an effort to acquire right-leaning news…
Can You Say “Federal Bailout”? (#GotBitcoin?)
Federal Reserve Sent Lower Remittances To U.S. Treasury in 2019.Can You Say "Federal Bailout"? (#GotBitcoin?) The Fed paid $10 billion less to the government last year after repurchase activities drove up costs. Federal Reserve payments to the U.S. Treasury declined in 2019 to a decade low, as the…