FADA N’GOURMA, Burkina Faso (AP) — The last time Polenli Combary spoke to her son on the phone she prayed for God to bless him. “We will keep searching … I’m just praying to God to have him back,” said Combary, 53, sitting despondently in the eastern city of Fada N’Gourma where she now lives. Islamic extremist violence is ravaging Burkina Faso, killing thousands and displacing more than 1 million people.
WASHINGTON (Reuters) -The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment and digital trade issues, with an emphasis on “third country concerns,” a reference to China’s state-driven economic policies. U.S. Trade Representative Katherine Tai, who is in Tokyo to meet with new Japanese government ministers, said initial meetings of the U.S.-Japan Partnership on Trade would take place early in 2022, with periodic meetings on a regular basis. “This partnership will deepen the cooperation between the United States and Japan that has defined our strong bilateral trade relationship,” Tai said in a statement issued by her office in Washington.
The Fiscal Times
The latest version of the Build Back Better Act, which the House could vote on a soon as this week, includes a controversial tax break that would overwhelmingly benefit high-income households, though whether it will survive revisions in the Senate is still an open question. Pushed by lawmakers from high-tax states, House Democrats are proposing to increase the state and local tax (SALT) deduction to $80,000 through 2026, up from the current level of $10,000. Doing so would provide a tax cut wort
(Bloomberg) — Oil retreated as investors weighed both the odds that the Biden administration will tap emergency reserves in a coordinated move along with nations such as China and a mixed report on U.S. stockpiles.Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesStartup Fever Is Gripping the World’s Last Big Untapped NationWhat Designers of Video Game Cities Understand About Real CitiesBiden Plan Funds New Bridges That Locals May Not WantChronically Underfun
(Bloomberg) — China is accelerating plans to replace American and foreign technology, quietly empowering a secretive government-backed organization to vet and approve local suppliers in sensitive areas from cloud to semiconductors, people familiar with the matter said. Most Read from BloombergAmazon Sued Over Crashes by Drivers Rushing to Make DeliveriesStartup Fever Is Gripping the World’s Last Big Untapped NationWhat Designers of Video Game Cities Understand About Real CitiesBiden Plan Funds
An advanced nuclear power venture founded by billionaire Bill Gates said on Tuesday it has chosen a town in Wyoming as the site to build a $4 billion demonstration plant that will get half its funding from the U.S. government. TerraPower’s Natrium plant will be built in Kemmerer, a remote western Wyoming town where the Naughton coal plant is due to shut in 2025. The project will get about $1.9 billion from the federal government including $1.5 billion from the bipartisan infrastructure bill that President Joe Biden signed this week.
In The Know by Yahoo
What is a ‘Starbucks cup adult?’ TikTok teases holiday enthusiasts. TikTok is roasting your obsession with Starbucks holiday cups. Due to such high demand, Starbucks is reportedly running out of holiday cups. Some say ‘Starbucks Adults’ like TikToker Melissa Marchant are to blame. In a recent video, Marchant showed off a massive Starbuck cup collection the size of an entire room in her home. TikTokers have had plenty to say about them. “I think Starbucks cups adults are scarier than Disney adults,” -@splishsplashsky. @julisyrek said, “people buying like 15 tumblers at a time, do you actually use them or do they sit in your kitchen cupboards?”
Crypto investors better look up from their Coinbase and Gemini apps. Changes are afoot. President Joe Biden signed into law a $1.2 trillion infrastructure spending package on Nov. 15, and though the law was a key achievement as it pertained to … Continue reading → The post How the New Infrastructure Spending Package Affects Crypto Investors appeared first on SmartAsset Blog.
As people across the country sign petitions requesting a fourth stimulus check and wait hopefully for Congress to act, around 750,000 Americans will be getting a payment in the mail soon. The 750,000 stimulus checks that were sent out in the mail on Monday Nov. 15, 2021 will be distributed to qualifying individuals across California. Your adjusted gross income (AGI) on your California return for the 2020 tax year was under $75,000 and your wages were also below this threshold.
NEW YORK (Reuters) -As Democrats in the U.S. House of Representatives look to advance https://www.reuters.com/world/us/white-house-eyes-us-house-vote-spending-bill-next-week-deese-2021-11-08 their $1.75 trillion social spending package this week, wealthy individuals are already planning ways to avoid paying for it. The package would be the biggest expansion of the U.S. safety net since the 1960s, and Democrats propose paying for it by levying a 5% surtax on individuals with more than $10 million in annual income and an additional 3% tax on individuals with more than $25 million in annual income. The White House says the new surtax could generate $230 billion to pay for the spending bill, but experts and bankers say that many individuals will find ways to avoid it and that it will raise less than an earlier proposal for a billionaires tax.
U.S. President Joe Biden’s nominee as the next chair of the Federal Reserve, expected as soon as this week, will inherit an economy headed for the fastest annual growth in a generation with wage increases flowing to the lowest-paid workers, strong hiring, and household bank accounts flush with cash. They’ll also inherit a situation where homes, cars, food, and clothing are becoming steadily more expensive, and whether it’s current chair Jerome Powell for a second four-year term or a promotion for current Fed Governor Lael Brainard, dealing with that inflation shock carries risks for both the president, the economy and the Fed. Rising prices have already begun to sour the public mood, pushing Biden’s approval numbers to the lowest point of his presidency, cited in polls as a concern that crosses party lines and income brackets and which is shared even among those for whom higher prices have been offset by ongoing government payments.