President Biden proposed a variety of higher taxes and tax enforcement measures to pay for his sweeping array of social programs, but his approach is wrong-headed. Steve Forbes on why Biden’s tax plan is fundamentally flawed and how it will be devastating for Democrats and the US economic recovery. Steve Forbes video
President Biden’s Treasury Department is studying ways to speed up the process of adding Harriet Tubman’s portrait to the front of the $20 bill after the Trump administration allowed the Obama-era initiative to lapse, Jen Psaki, the White House press secretary, said on Monday. The decision to have Ms. Tubman replace Andrew Jackson as the face of the $20 note was set in motion in 2016 by the Treasury secretary at the time, Jacob Lew.
Senate Majority Leader Mitch McConnell (R-Ky.) called the October jobs report, which showed the official unemployment rate dropping a full percentage point from September to 6.9%, a “stunning indication” of an economic rebound that signaled why a smaller Covid-19 relief package makes more sense than a larger one. McConnell added that the next bill should be “highly targeted towards things that are directly related to the coronavirus.” Translation: it should exclude some of the Democrats’ priorities. House Speaker Nancy Pelosi (D-Calif.), who has for months bargained unsuccessfully with the Trump administration in pursuit of an agreement on the next federal aid bill, fired back immediately when asked about McConnell’s support of a smaller, narrower bill. “No, it doesn’t appeal to me at all,” she said at her own Friday press briefing. “This isn’t anything that we should even be looking at. It wasn’t the right thing to do before.”… FORBES News video.
California may be rich in assets and agriculture, but it has committed every economic sin, which has sunk its economy and driven people away to other parts of the country. Has the once Golden State lost its luster? Steve Forbes on California’s extreme policies that are hurting the state and on the glimmers of hope that California can become golden again. Steve Forbes – FORBES NEWS VIDEO.
SBA’s Surety Bond Guarantee (SBG) Program helps small businesses obtain contract surety bonds with reasonable terms. If you are looking for bonding for the first time, increased bonding capacity, or better terms for bonding, make sure you have the SBG Program as an option. Talk with your current agent about access to SBA surety bond guarantees or check our list of SBA-Authorized agents licensed to do business in your state or territory at www.sba.gov/osg today. U.S. Small Business Administration news video.
Kipp deVeer, partner and head of credit at Ares Management Corp., an alternative investment manager, discusses the opportunities he sees amid the coronavirus pandemic. He speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Asia.” Bloomberg Markets and Finance News video
JPMorgan Chase & Co. is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, according to three people with knowledge of the matter. Bloomberg’s Jesse Westbrook has more on “Bloomberg Markets.” “Bloomberg Markets.” video
Seth Fischer, founder and chief investment officer of Oasis Management, discusses the leadership change in Japan and his investments in the country. He speaks with Stephen Engle on “Bloomberg Markets: Asia.” Bloomberg Markets and Finance News
SUBSCRIBEDApple loses its $2 trillion status with the largest one day loss of any company ever. On MacBreak Weekly, Leo Laporte, Rene Ritchit, Andy Ihnatko, and Lory Gil discuss Apple’s big loss. Hosts: Leo Laporte, Andy Ihnatko, Rene Ritchie, Lory Gil TWiT Tech Podcast Network News video.
The latest jobs report shows the strength of the U.S. economy under President Trump, as the numbers show an historic rebound amid the pandemic. On Wall to Wall, Greta spoke with Chief Economist of the National Economic Council, Joe LaVorgna, about what this means heading into the 2020 elections. One America News Network USA News