Archive for October 1st, 2017

Many complain that the shift from jobs that primarily require physical strength to those that require greater cognitive skills has left some at the wayside. They argue that declining labor force participation rates reflect discouraged workers, and necessitate the sheltering of semi-skilled jobs through protectionist trade policies and even taxes on new technologies. But declining labor force participation isnt an argument against leveraging technology and other efficiencies. It is an argument for it.
Decline in labor force participation mainly stems from the aging of the population….

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President Trump isnt draining the swamp. He unveiled his long-awaited tax reform package last week, and although many crucial details were missing (for example, the income brackets), he was full of accolades. This is a revolutionary change, he said.
Well, not yet.
The federal income-tax system almost everyone seems to agree is a mess. It features relatively high nominal rates (up to 39.6 percent on individual income and 35 percent on corporate income) whose impact is offset by a baffling array of tax breaks, loopholes, preferences or tax expenditures, depending…

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<p>While Flint battles a water crisis, just two hours away the beverage giant pumps almost 100,000 times what an average Michigan resident uses into plastic bottles.</p>

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'This has ruined our year': Bankrupt Toys R Us owes billions to more than 100,000 companies

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In one year, costs for marijuana arrests amounted to more than $3.6 billion.

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As much as 90 percent of the miles Americans clock on the road could be spent inside driverless vehicles operated by ride-sharing services.

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For when retirement isn't a distant dream anymore.

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Beyoncé and Jay-Z are making interest-only payments on the $52 million mortgage they took out on their Bel Air estate.

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Here comes the cash. U.S. companies stand to bring back $250 billion in foreign profits should Republicans manage to pass tax legislation, according to an analysis from Goldman Sachs

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