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+27 +4Tech giants are the 'winners' of the coronavirus crisis and should pay more tax, Europe official says
Tech giants have to pay a "fair amount" of taxes, a top European official said Saturday, amid an ongoing rift between the U.S. and Europe over levies on companies such as Apple, Alphabet and Amazon.
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+4 +1Could bartering become the new buying in a changed world?
Amid economic uncertainty – and a desire to connect as we distance – bartering is experiencing an unprecedented rise. Could it stick around?
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+15 +4The Lesson Americans Never Learn
Trying to replace the government with personal initiative requires an impossible amount of energy.
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+23 +5Evictions are expected to skyrocket as pandemic protections come to an end
The federal ban on evictions expired last month. Many states that paused their own proceedings have now allowed them to resume. The result: A record number of people could find themselves without a home during the pandemic.
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+12 +3Trillions in bad loans straining China’s banking system, regulator warns
Hidden bad loans threaten to wipe out bank profits and erode capital bases, especially at China’s small and regional banks that have come under fire for years of undisciplined balance sheet expansion and fraud.
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+4 +1Study Reveals It Costs Less to Give the Homeless Housing Than to Leave Them on the Street
The news: A new study has found that it's significantly cheaper to house the homeless than leave them on the streets. University of North Carolina Charlotte researchers released a study on Monday that tracked chronically homeless adults housed in…
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+17 +43 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever
The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Department said Thursday.
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+19 +3The $5.3 Trillion Question Behind America’s COVID-19 Failure
That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good.
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+11 +1Why the Widening Wealth Gap Is Bad News for Everyone
Stockpickers have always considered long-term trends. It’s time to look at economic inequality. It’s growing, and its economic repercussions could soon hit portfolios.
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+28 +5A four-day work week might be exactly what the U.S. — and its economy — needs right now
“The pandemic has created a moment for businesses to take stock and consider more radical reconstructions of the workplace," experts say.
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+15 +1Only 25% of Americans think capitalism is good for society
Business leaders like billionaire Ray Dalio have said capitalism is in crisis. A new survey shows most Americans agree, and they want specific change.
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+4 +1A ‘misclassification error’ made the May unemployment rate look better than it is. Here’s what happened.
The Bureau of Labor Statistics said the unemployment rate would likely be 16.3 percent, not 13.3 percent, if not for the misclassification of a large number of workers as 'absent' from work instead of temporarily laid off.
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+13 +4Coronavirus crisis could cause $25tn fossil fuel industry collapse
The coronavirus outbreak could trigger a $25tn (£20tn) collapse in the fossil fuel industry by accelerating a terminal decline for the world’s most polluting companies. A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the Covid-19 crisis has hastened the peak for oil, gas and coal demand.
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+2 +1Is Capitalism Racist?
A scholar depicts white supremacy as the economic engine of American history.
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+12 +1Trump orders federal retirement money invested in Chinese equities to be pulled
Trump's team tells the Thrift Savings Plan to dump all assets invested in Chinese stocks.
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+15 +6How Much Is a Human Life Actually Worth in Dollars?
As the US economy reopens amid a deadly pandemic, a dire question looms. Let's weigh the risks—and do the math.
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+12 +4Warren Buffett Questions the Need for Office Space
At Berkshire Hathaway’s annual meeting, Warren Buffett said the supply and demand for office space may change significantly.
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+13 +3Millions of baby boomers are getting caught in the country’s broken retirement system
The large bulge of Baby Boomers is heading to retirement with little to support them. It's not their fault, and the country will have to bear the burden.
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+20 +5Without More Tests, America Can’t Reopen
And to make matters worse, we’re testing the wrong people.
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+19 +1Money Is Losing Its Meaning
Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including the U.S...
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