Senate approves GOP tax plan, House to revote Wednesday

January 16, 2018

(CNN)In a vote in the early Wednesday morning hours, the Senate approved the final version of the first overhaul of the US tax code in more than 30 years, handing President Donald Trump and congressional Republicans their most significant legislative victory of 2017. The House passed the bill earlier Tuesday, but technical changes were made to it in the Senate, and the bill will go back to the House on Wednesday for a revote, where it is expected to pass again. It will then head to the …

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US To Become World’s Leading Producer Of Oil In 2018, Says New Report

January 15, 2018

… growing a further 10 percent over the course of the year. This would take production in the US up to a staggering 11 million barrels per day. To put this into perspective, a decade ago the US was producing less than half that amount – 5.1 million barrels per day, to be precise.   So, what can we credit (or blame, depending on your politics) for this increase? The biggest factor here is shale oil. “The market has completely changed due to the US shale …

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Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

January 15, 2018

… which it will further boost to $15 by the end of 2020. Costco Wholesale Corp. and other retail chains like TJX Cos. have also raised wages in recent years. The moves by Wal-Mart and others could help move the needle on stubbornly stagnant wage growth during the current economic expansion — if an increasing number of companies follow with their own pay hikes. Average hourly earnings for production and non-supervisory workers were up 2.3 percent in December from a year earlier, according to …

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The Criminal Underworld Is Dropping Bitcoin for Another Currency

January 15, 2018

… with Oct. 31 Monero quadrupled in value to $349 in the final two months of 2017, according to coinmarketcap.com, placing it among a number of upstart coins that rose faster than bitcoin, the world’s most valuable digital currency. Bitcoin roughly doubled in the same period, data compiled by Bloomberg show. Monero’s price has climbed another 7 percent so far this year, according to coinmarketcap.com. Read a QuickTake: All about bitcoin, blockchain and their crypto world Monero is …

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GM Will Launch Robocars Without Steering Wheels Next Year

January 14, 2018

… thinks could cut sensor costs (a big problem, especially for lidar) by 99 percent. To lay the foundation for a business that doesn’t rely on selling cars to people, it launched a car-sharing service called Maven. And it has flexed its manufacturing muscles (perhaps its biggest advantage coming in), configuring its Orion assembly plant north of Detroit to build this latest generation of robocar. Indeed, GM is counting on its manufacturing prowess to give it an edge in this new world. …

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China Weighs Slowing or Halting Purchases of U.S. Treasuries

January 12, 2018

… Singapore-based chief Asia-Pacific economist at IHS Markit. Yields were already climbing this week amid expectations the improving global economy will boost inflation pressures round the world, just as major central banks scale back their asset purchases. Markets are also braced for a deluge of debt supply this week. The U.S. is scheduled to reopen $20 billion of 10-year debt Wednesday, followed by $12 billion of 30-year bonds Thursday. Germany sold 4.03 billion euros of 0.5 percent 10-year …

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The GOP Tax Bill Would Hit Women Hard, & Heres What You Need To Know

January 11, 2018

A week from Christmas, Republicans are about to deliver a big ol’ gift to a small slice of American taxpayers. Republicans have promised that this overhaul will help all Americans, but the reality is that it will hurt the nation’s most vulnerable people, including women. But you may be wondering: how does the tax bill affect women? Oh, let me count the ways. Despite the 55 percent of Americans who are, according to a CNN poll, opposed to the tax bill, on the afternoon of Tuesday, …

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Sessions Ending Obama-Era Policy That Ushered In Legal Weed

January 9, 2018

… and we certainly could see some types of regional crackdowns or delays in upcoming medical or recreational cannabis markets.” Shares Plummet The Bloomberg Intelligence Global Cannabis Competitive Peers Index dropped as much as 24 percent after the Associated Press first reported the Justice Department plan. Most companies in that group are small. Still, there are a few big names that could be hit by the changing policy.  Constellation Brands Inc., which sells Corona beer and Svedka …

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The Ten Worst Things Scott Pruitts EPA Has Already Done

January 7, 2018

… Tidbits The EPA is, in large part, a law-enforcement agency. Yet can you imagine any other law-enforcement department slashing its budget by more than 30 percent in one year? The result is a deliberate anarchy as polluters know the EPA cant (and doesnt want to) do its job. Enforcement actions have dropped by more than 30 percent from Obama administration levels, and more than 20 percent from George W. Bush levels. Demands that polluting factories clean up their act have plummeted nearly 90 …

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CNN footage of Trump golfing leaves conservatives furious

January 5, 2018

… have no clue how much business can be conducted on a golf course,” Flynn Jr. wrote, adding that the determination that 25.6 percent of Trump’s presidency being spent on a golf course was “misleading.” Per pool report, Trump is golfing today in Florida. His 85th day golfing and 111th at a Trump property since becoming president. That means 33.5% of his days as president have been at Trump properties and 25.6% have been spent golfing — Allan Smith (@akarl_smith) …

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You Can Now Buy Legal Recreational Marijuana In California

January 4, 2018

… legalization of medical marijuana 64 percent of Americans favor making marijuana legal Newsom said he expects some turbulence as California’s new regulatory system kicks in. Still, he said, “This moment  Download More From this publisher : HERE ; This post was curated using : TrendingTraffic Recommended ProductsEngage Chat Agency Elite Engage ChatSiteSync Basic SITESYNC Is The Only Tool That Will Backup, Download and Restore Your Websites 24/7 On AutopilotCommission …

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Trumps War on the Truthand How We Can Fight It

January 4, 2018

… why he and his surrogates attack not only the press but also the judiciary, Justice Department and FBI. But while the Trump administration punishes his enemies, italso seems willing to play regulatory favorites with his friends, as his Federal Communications Commission is poised to approve an exemption for the conservative Sinclair network to buy stations that will give it access to more than 70 percent of U.S. households. Separately, his FCC also decimated net neutrality in a vote along party …

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