Monthly Archives: August 2022

October 24 trial date set for Trump Organization and its former top money man Allen Weisselberg

The Trump Organization’s Chief Financial Officer Allen Weisselberg, center, awaits a car after leaving a courtroom appearance in New York, Monday, Sept. 20, 2021. Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme that saw the Trump executive allegedly receive more…

The Inflation Reduction Act’s tax on stock buybacks isn’t a perfect solution to close the wealth gap — but it’s a step in the right direction

Kyrsten Sinema of Arizona, right, and Chris Murphy of Connecticut. Sinema approved a 1% tax on stock buybacks as part of the Inflation Reduction Act. Tom Williams/CQ-Roll Call, Inc via Getty Images Paul Constant is a writer at Civic Ventures and the cohost of the “Pitchfork Economics” podcast. He argues the IRA’s 1% tax on…

China’s housing crash has wiped out $90 billion from builders’ stock and bond values this year as debt crisis looms

Getty Images Homebuilders in China have lost roughly $90 billion in stocks and bonds this year, Bloomberg reports.  A looming debt crisis and a bursting housing bubble threatens to add further turmoil.  Builders are also worried about the future as Beijing favors owners in its route to recovery.  Chinese homebuilders have lost nearly $90 billion…

Whole Foods CEO says ‘socialists are taking over’ in the US and young people in liberal cities ‘don’t seem like they want to work’

Whole Foods Market CEO John Mackey Business Wire In a recent podcast, Whole Foods CEO John Mackey said socialism is taking over the US. Mackey also expressed concern that younger people “don’t seem like they want to work.” The co-founder is leaving the chain in September and says he feels more free to express his…

See where high earners moved and drove up typical incomes, making it even harder for locals who make a good salary to buy a home

A Redfin report found that Miami experienced a large jump in median homebuyer income from 2019 to 2021 as well-paid workers relocated to less expensive locales. Jeff Greenberg/Getty Images Redfin found that homebuyers’ incomes rose in cities like Boise and Austin as high earners moved in. It found that while median incomes in these spots…

Traders expect the ether rally to fizzle out as upcoming merge to proof-of-stake system will be a ‘sell the news’ event

Ether Nurphoto / Getty Images Ethereum is set for a big upgrade next month as it transitions to a proof-of-stake system.Ether has surged by more than 100% from its June low as anticipation builds for the upcoming merge.But the Ethereum merge could ultimately be a “sell the news” event for ether prices, according to Glassnode….