There is no way to get to anything resembling a secure retirement system without expanding Social Security. We also need to fix the broken employer-based retirement system, but fixing pensions and expanding Social Security are not substitutes. A comprehensive retirement security bill needs both. Let’s start with Social Security. Social Security is a social insurance
Month: May 2019
Estate Planning Mistakes May Derail your Plan Getty In a recent email exchange with a colleague, Richard (Dick”) Oshins, Esq. who practices in Las Vegas NV, Dick identified what he thinks are three of the more sinister tax blunders that affect many estate plans. These seemed spot on and worth elaborating on. As part of
Real estate investment in the Asia-Pacific rose by 14% in the first quarter of 2019 to $45 billion, helped by deleveraging in China and flows of cross-border capital, according to a report by global real estate consultant JLL. China accounted for close to 40% of Asia-Pacific transaction volumes between January and March. At $17 billion,
Chinese President Xi Jinping stands by national flags. Johannes Eisele | AFP | Getty Images As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its economy are running up against “core interests.” The implication: Those matters are not up
A top manager buys Keysight Technology after the China trade drama has reduced the price by 20%. Getty As the trade war with China is bringing the market down, many ask if this is a good time to invest? While most of today’s mutual fund managers have never seen a bear market, much less a crash, Wayne
American flags mark the gravestones of military members and their families as part of Memorial Day activities at Fort Logan National Cemetery, Sunday, May 26, 2019, in Denver. (AP Photo/David Zalubowski) ASSOCIATED PRESS On Memorial Day, we’re supposed to honor our fallen soldiers. But some military families aren’t feeling very appreciated this year: Congress still
Portrait of her she nice-looking attractive lovely cheerful glad straight-haired lady holding in hands bags with new look clothing 100 atm income interest wind blowing isolated over beige background. Getty It’s Memorial Day, and while many people will use this time to head to the beach and soak up the first bit of summer-esque sun,
The U.S. and Japan will likely reach a trade settlement in the next six to nine months that will “give each side something to claim credit for,” a former trade official told CNBC on Monday. U.S. President Donald Trump arrived in Japan on Saturday in a state visit amid looming trade issues between the two
FILE PHOTO: The logo of FIAT carmaker is seen on a vehicle in Cairo, Egypt, May 19, 2019. Picture taken May 19, 2019. REUTERS/Mohamed Abd El Ghany/File Photo Mohamed Abd El Ghany | Reuters Fiat Chrysler and Renault are in advanced talks to merge the two automakers. Sources say the talks, which have been happening
Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Amazon shares will rally to $3,000 in about two years, making them worth nearly $1.5 trillion, without the company doing
Bad news for billionaire Stephen Ross. The DC Circuit has upheld the Tax Court in denying the $33 million charitable deduction for a $3 million contribution he made through a partnership to the University of Michigan in 2003. And we have here another vindication of Reilly’s Seventh Law of Tax Planning – Read the instructions. Photocredit: Getty
Courtesy of Red Carpet Home Cinema, affluent movie buffs can rent first-run movies the day they open in theaters. Douglas Elliman Godzilla is stampeding into movie theaters. But for select VIPs, the radioactive reptile rampages closer to home, thanks to a new luxury amenity that rolls out the Hollywood red carpet directly into mega mansions of
The 2019 Lexus LX 570 CNBC | Mack Hogan Toyota’s Land Cruiser SUV has long held a reputation for being the world’s toughest truck. Land Cruisers dot the Australian outback, serve as emergency vehicles in the far reaches of South America and ferry United Nations Peacekeepers to conflict zones around the world. This, the Lexus
Jeffrey Sloan, CEO, Global Payments Scott Mlyn | CNBC Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC. The people requested anonymity because the talks are confidential.
It was an unsavory day for Chipotle. The stock fell nearly 6% Thursday, to $667.12, after BMO Capital Markets downgraded the fast-casual chain, cutting its price target to $620 from $675 and saying higher pork prices due to global outbreaks of African swine fever could put pressure on margins. The action marked Chipotle’s worst trading day
Lawmakers in the House of Representatives have passed a bill that aims to improve the nation’s retirement savings, moving it a step closer to becoming law. Called the Secure Act and backed by both Republicans and Democrats, the measure includes a variety of provisions intended to increase the ranks of savers and the amount they
FILE – This Friday, June 1, 2018, file photo, shows syringes of the opioid painkiller fentanyl in an inpatient pharmacy. (AP Photo/Rick Bowmer, File) ASSOCIATED PRESS From the Church of Satan to Key Worldwide Foundation (a target in the recent college admissions scandal), what constitutes tax-exempt status has continued to be a hot button issue
Share to facebook Share to twitter Share to linkedin Red Star Macalline Group, the big China home improvement and furnishings mall operator led by billionaire Che Jianxing, has formed a “strategic cooperation” with Alibaba that will cover retail, e-commerce, payments, logistics and consumer finance. Red Star said in a statement on Sunday it had agreed
Charlie Kindel, senior vice president of products and services at Control4. Control4 As an executive at Amazon who built the Alexa Smart Home group, Charlie Kindel became very familiar with the company’s use of so-called future press releases. Employees who are planning new projects write fake news releases as if they were promoting the finished
Talk about mystery meat. As plant-based protein makers like Impossible Foods and the newly public Beyond Meat take the food industry by storm, the question of whether their products are better for consumers than actual meat is still very much open, says former U.S. Agriculture Secretary Dan Glickman. “We can’t really market it … as
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