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Astronomic inflation in Argentina has caused the government to higher denominations of the country's peso. The central bank next month will issue a 10,000 peso note, worth about $11 based on Thursday's exchange rate. AdvertisementInflation is so bad in Argentina that the central bank will issue 10,000 peso notes to relieve people from the burden of having to haul bags of cash around for day-to-day needs. The note, worth about $11 based on Thursday exchange rates, tops the 2,000 peso note as the country's biggest bill. Meanwhile, the central bank also announced that it will launch a larger bill — a 20,000-peso note — later this year.
Persons: , Javier Milei Organizations: Service, Associated Press Locations: Argentina
He and his wife felt it would be unsafe to raise their child there and decided to move to Japan. He finds Japan more affordable, safe, and is happy to be living near his wife's family — but he's scared of bullying. AdvertisementMy wife was already six months pregnant when we agreed she would leave the US and have our baby in Japan. I want him to learn to speak Japanese fluently and feel safe enough to enjoy his childhood to its fullest. As a professor myself and after a 20-year long career in education, I have read studies that note the lack of critical thinking taught in Japanese high schools.
Persons: Trevor D, Houchen, , We'd, — we're, she'd, we'd, we've, Care.com, I'm, I'd Organizations: Service, Georgia Technical College, Georgia Gwinnett College —, of Health, Ministry of Health, Labor, Welfare, Kaiser Family Foundation, Japan Times, New York City —, US Naval Locations: Atlanta, Japan, LA, Yokosuka —, Tokyo, Houkien, New York City, Yokosuka
A bipartisan push in Congress to enact a law cracking down on antisemitic speech on college campuses has prompted a backlash from far-right lawmakers and activists, who argue it could outlaw Christian biblical teachings. The House passed the legislation, called the Antisemitism Awareness Act, overwhelmingly on Wednesday, and Senate leaders in both parties were working behind the scenes on Thursday to determine whether it would have enough backing to come to a vote in that chamber. House Republicans rolled the bill out this week as part of their efforts to condemn the pro-Palestinian protests that have surged at university campuses across the country, and to put a political squeeze on Democrats, who they have accused of tolerating antisemitism to please their liberal base. But in trying to use the issue as a political cudgel against the left, Republicans also called attention to a rift on the right. members said they firmly believe that Jews killed Jesus Christ, and argued that the bill — which includes such claims in its definition of antisemitism — would outlaw parts of the Bible.
Persons: Jesus Christ Organizations: Republicans
70 House Democrats voted against it, including the longest-serving Jewish House Democrat. AdvertisementThe House of Representatives passed a bill on Wednesday designed to crack down on antisemitism on college campuses. The bill sailed through by a 320-91 bipartisan vote, with 70 House Democrats and 21 House Republicans voting against it. In December, Nadler also led 92 House Democrats in voting "present" on a GOP-sponsored resolution that equated anti-Zionism with antisemitism. 13 House Democrats voted against the resolution outright.
Persons: , Mike Lawler, That's, Jerry Nadler —, Nadler, Hakeem Jeffries, Mike Johnson, Marjorie Taylor Greene, Jesus Christ, Jesus, Herod, Read, Y0eeOiVfnw —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Jewish House Democrat, Service, Democrats, Republicans, Lawmakers, Republican Rep, of Education, International Holocaust, Alliance, State, Jewish House, Department of Education, Department, Education, GOP, Interagency, Force, House, Catholic Locations: York, Israel, Georgia
Protect Social Security!" In 1983, when the last major Social Security reforms were enacted, there were no benefit enhancements, Larson argued. Today, annual earnings of up to $168,600 are subject to a 6.2% payroll tax toward Social Security paid by both workers and employers. Larson's plan also calls for closing loopholes that allow wealthy taxpayers to avoid paying Social Security taxes on other income. Larson said the public is well aware that Social Security benefits are theirs and they've paid for them.
Persons: Kean, Dave Kotinsky, Larson, they've, John Larson, Conn, Mark Wilson, Nancy Altman, Drew Ferguson, Ferguson, Jodey Arrington, Charles Blahous, Blahous Organizations: Getty, hasn't, Social Security, Security, Social, Capitol, Democratic, Republican, Republican House, Republicans, George Mason University Locations: Bridgewater , New Jersey, Jan, Georgia, Texas
Depending on your tax bracket at the time of withdrawal, your 401(k) money could be taxed at around 20% or 30%. Note that if you have a Roth 401(k), which is funded with after-tax dollars, you won't be taxed when withdrawing. The longer you can wait to touch your 401(k) money, the longer you'll delay owing taxes. Finally, there's the "non-taxable portion," he said, which would be money in accounts like a Roth 401(k), Roth IRA, and HSA. Or do they have a Roth IRA that they can take it from tax-free to benefit them?"
Persons: , Grant Neiland, there's, you'd, Roth, Neiland, you've Organizations: Service, Business, Carson Wealth, IRS, Roth IRA
TikTok’s Pro-China Tilt
  + stars: | 2024-04-24 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Just a few months ago, it seemed unlikely that the U.S. government would force ByteDance, the Chinese company that owns TikTok, to sell it. The platform is popular, and Congress rarely passes legislation aimed at a single company. If ByteDance does not sell TikTok within 12 months, it will be banned in the United States. TikTok is also owned by a company based in the leading global rival of the United States. And that rival, especially under President Xi Jinping, treats private companies as extensions of the state.
Persons: TikTok, ByteDance, Biden, Xi Jinping, ” Christopher Wray Locations: Ukraine, Taiwan, Israel, United States
A bill aimed at banning TikTok in the US could be signed into law as early as this week. AdvertisementThe US House of Representatives passed a so-called TikTok ban bill on Saturday. Combining all three things means the TikTok bill will likely be approved as part of the package deal. AdvertisementSo you're saying ByteDance really has a year to sell TikTok to a different owner? For reference: In May 2023, Montana lawmakers passed their own TikTok ban bill; in November of that year, a federal judge blocked the measure.
Persons: , Will TikTok, Joe Biden, TikTok, Biden, there's, ByteDance, Steve Mnuchin, Trump, Mnuchin, doesn't Organizations: Service, US, Google, Apple Locations: TikTok's China, TikTok, Ukraine, Israel, Montana, China
The House took a critical step on Friday toward approving a long-stalled package of aid to Ukraine, Israel and other American allies, as Democrats supplied the crucial votes to push the legislation past Republican opposition so that it could be considered on the floor. The 316-94 vote cleared the way for the House to bring up the aid package, teeing up separate votes on Saturday on each of its parts. But passage of those measures, each of which enjoys bipartisan support from different coalitions, was not in doubt, making Friday’s action the key indicator that the legislation will have the backing needed to prevail. The rule for considering the bill — historically a straight party-line vote — passed with more Democratic than Republican support, but it also won a majority of G.O.P. votes, making it clear that despite a pocket of deep resistance from the far right, there is broad bipartisan backing for the $95.3 billion package.
Persons: , Biden Organizations: Democratic, Republican Locations: Ukraine, Israel
Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. This story is available exclusively to Business Insider subscribers. Out-of-state and in-state tuition and fees at public universities have risen about 38% and 56%, respectively, inflation-adjusted over the same period. In a Business Insider and YouGov survey conducted last year, 46% of Gen Z respondents said they don't think college is worth the cost.
Persons: , Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, Business, NYU, Board, U.S News, of Higher, of Education, Universities, Institute of Higher, Institute for Economic Equity, Federal Reserve Bank of St
When New York’s governor and attorney general joined forces to pass a law trying to restrict social media companies’ ability to use algorithms to shape content for children, they expected Big Tech to put up a battle. That fight has certainly arrived, but with far more opponents than anticipated. A broad range of online service providers, including Google, TikTok and Meta, the parent company of Facebook and Instagram, has spent over $700,000 on lobbyists to press legislators and state officials, according to recent state disclosures. The spending represents aggregate amounts that includes other items on the lobbyists’ agendas, and the disclosures do not state whether the companies are for or against the legislation. But interviews and public statements show that most are opposing the bill — and a related bill connected to child data privacy — or raising concerns about the measures going too far, with some saying it could have unintended consequences on e-commerce sites or digital news publishers.
Persons: Big Organizations: New, Big Tech, Google, Meta, Facebook, Companies, eBay, New York Times
Read previewLots of consumers like streaming music. Lots of musicians complain about streaming — they say it doesn't generate nearly as much revenue for them as they deserve and need. So here's a proposal to help fix that: a tax that would increase American consumers' music streaming bills by 50% — meaning you'd pay an extra $4 to $10 a month for services like Spotify or Apple Music. I don't believe there was ever a time that Americans supported a 50% tax hike on anything, for any reason. But when we got on the phone to discuss the bill this month, he said it's supposed to be taken literally and seriously.
Persons: , Rashida Tlaib, Jamaal Bowman, Tlaib, Damon Krukowski, I'm, it's, Krukowski, you've, Taylor Organizations: Service, Apple, Business, Wage, Act, Rep, United Musicians, Allied Workers, Spotify Locations: Michigan, New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 13, 2024. U.S. stock futures inched higher on Wednesday night as traders looked ahead to another inflation reading. S&P 500 futures and Nasdaq 100 futures both climbed around 0.1%. These moves come after the major stock indexes ended Wednesday's session with mixed activity. The bigger market theme right now is the sell-off in the technology sector, according to Jay Woods, the chief global strategist of Freedom Capital Markets.
Persons: Dow Jones, Jay Woods, Tesla Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Street Journal, Nvidia, Dow, PPI, Federal, Freedom Capital Locations: New York City, U.S, China
His bill — Social Security 2100 Act — would include a 2% across-the-board benefit increase, as well as more generous benefits for low-income seniors, and other enhancements. Those benefit boosts would be paid for by making it so earnings over $400,000 are subject to Social Security payroll taxes. Larson's Social Security proposal currently has almost 200 House co-sponsors, with companion legislation in the Senate. watch now"The fact that there hasn't been votes on something as critically important to 70 million Americans as Social Security is … why isn't there a vote?" At the time, there was a question as to whether to focus on Social Security instead.
Persons: Joe Biden, John Larson, Conn, Drew Angerer, hasn't, Larson, Barack Obama, — Larson, Elizabeth Warren, Bernie Sanders Organizations: Capitol, Getty, Democratic, Social, Security, Social Security, CNBC, D.C, Affordable, Republicans Locations: Washington, Larson's, U.S, Sens
Business Insider spoke with three experts who shared tips on how you can lower your bill or avoid one. Nonprofit health policy organization KFF estimated that people in the US owed at least $220 billion in medical debt in 2021. Business Insider spoke with Gordon and two additional experts who shared tips for how patients can lower a big medical bill — or avoid one altogether. Review your bill for possible errorsIt sounds obvious, but searching your bill for inaccuracies can lead to big savings. AdvertisementBe smart about where and when to get careThere are a few other things you can do to avoid a big medical bill.
Persons: , Dr, Jerome Adams, who's, Deb Gordon, Gordon, AnnMarie McIlwain, McIlwain, Virgie, Ellington, they're, it's Organizations: Business, Service, Alliance of Professional Health, Umbra Health, Crush, Google, Medicare, Emergency Medicine
President Joe Biden speaks to the press before boarding Marine One on the South Lawn of the White House in Washington, DC, on February 29. Andrew Caballero-Reynolds/AFP/Getty ImagesPresident Joe Biden’s visit to the US-Mexico border to hammer Republicans over the failed Senate border bill, which included tough border security measures, marks a dramatic shift for a White House that generally distanced itself from the issue. Images of thousands of migrants arriving at the US-Mexico border dogged the administration as it wrestled with how to manage multiple different nationalities — a significant change from previous years that proved challenging. Sources tell CNN that discussions about the border at the White House were often tense as the issue increasingly became a political liability for Biden. But now, the White House is trying to take advantage of Republicans backing away from the Senate border bill — and seizing on border security to take swipes at the GOP.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden’s, Biden, Organizations: White, Getty, CNN, GOP, , Senate, Homeland Locations: Washington ,, AFP, Mexico, El Paso , Texas
Lviv CNN —Few places ooze the pain Ukrainians have been subjected to over the decades more than Lychakiv Cemetery in the western city of Lviv. These days, Lychakiv has become the burial ground for hundreds of service men and women killed in the most recent wave of Russian aggression. I’ve been coming to Lychakiv since the early weeks of the war to get a better sense of the human cost. “There are such cemeteries as Lychakiv all over Ukraine,” Lviv resident and community activist Lesia Krepyakevych told me. (Under Ukrainian law, men between the ages of 18 to 26 can’t be drafted, though they can volunteer).
Persons: Michael Bociurkiw, Michael Bociurkiw Chrystia, Ivan Franko, Volodymyr Ivasiuk, Lychakiv, I’ve, Pavlo Palamarchuk, Volodymyr Zelensky, Lesia Krepyakevych, it’s, who’ve, can’t, Mike Johnson, Donald Trump, Johnson, Biden, Putin, Emmanuel Macon didn’t, David, Goliath Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Lviv CNN, Getty, West, , Senate, Republican, Ukraine – Locations: Europe, Lviv, Ukraine, Anadolu, ” Lviv, Red, Iranian, Russia, Kyiv, Washington, America
Mr. Biden will go to Brownsville, Texas, a city in the Rio Grande Valley that has historically seen large influxes of migrants. He is scheduled to meet with Border Patrol, law enforcement and local officials before giving remarks. Greg Abbott and Brandon Judd, the president of the National Border Patrol Council, the main union for Border Patrol agents. Mr. Biden and Mr. Trump will arrive at the border at a moment when Americans are citing immigration as one of their top concerns. Mr. Biden, who has taken an increasingly forceful stance on immigration in recent months, is trying to reset the conversation.
Persons: Biden, Donald J, Trump, Greg Abbott, Brandon Judd, Mr, , Republicans tanked, , Donald Trump Organizations: Border Patrol, Gov, National Border Patrol Council, Mr, White, Republicans, , MAGA Republican Locations: Brownsville , Texas, Rio Grande, Eagle Pass , Texas, United States, America
An economics expert tells BI that cash still remains crucial for "certain segments of consumers." AdvertisementWhen it comes to how Americans prefer to spend their money, cash is actually not king. That represents a consistent decline in cash payments since the pandemic in 2020, which saw many shifts in consumer behavior, including an acceleration of online shopping. The following year, the study showed that cash made up 19% of payments and has not recovered since. Cash is still king of some thingsEconomics experts say that despite increasing reliance on cards, cash remains resilient and an important payment method for many consumers.
Persons: , Cash, Christopher Bechler, Bechler, Benjamin, Sage Handley, Kenneth Rogoff Organizations: Service, Federal Reserve, . Federal, University of Notre Dame Mendoza College of Business, Business, Association for Consumer Research, Federal, Street Journal, Harvard University
But Democrats say that is incongruous with the House GOP legislation defining life as beginning at conception. But Steel is also a co-sponsor of the Life at Conception Act — which Democrats have been quick to point out. Steel’s office has not yet returned a request for comment on how she squares those two positions, nor have other House Republicans who expressed support for IVF while being co-sponsors of the House bill. And on Monday, the House Democrats’ campaign arm convened a press call with Reproductive Freedom for All to further hammer House Republicans over the issue. Still, Bacon argued the purpose of the bill is not to ban IVF, despite Democrats claiming otherwise.
Persons: Alex Mooney, Mike Johnson –, , GOP Sen, Rand Paul of Kentucky, Michelle Steel, Harris, Suzan DelBene, Don Bacon of Nebraska, Bacon, Mooney, ” Bacon, Organizations: GOP, Alabama Supreme, Biden, Republicans, PAC, House Democrats, Democrats, , Alabama, , Democratic Congressional, Republican, CNN Locations: Alabama, West Virginia, California
If you get a tax bill you can't afford, you can apply for a payment plan to pay it back over time. That's the day your tax return and payment for any tax owed is due to the IRS and most local tax agencies. That's because filing your tax return can come with some surprises — the least pleasant of which is a tax bill you weren't expecting. Prepare for next yearThe best way to avoid a surprise tax bill is to pay what you expect to owe in taxes year-round. If you're self-employed (including any freelancing on the side of other employment), make quarterly estimated tax payments to stay ahead of your liability and avoid additional penalties.
Persons: , that's, they'll Organizations: Service, IRS, Google
House Speaker Mike Johnson is blocking a $95 billion emergency foreign aid bill, saying he's in "no rush" to take up the legislation the Senate overwhelmingly approved last week. While supporters of the legislation say it's needed urgently to help Ukraine, The Wall Street Journal also points out that the bill would benefit the US economy. Lael Brainard, the director of the White House National Economic Council, told the Journal in a recent interview that the impact on the US economy would be significant. AdvertisementIt remains unclear when or if the House will take up the Senate bill. Trump in recent weeks also helped tank a bipartisan bill that would have tightened the US asylum system, among other measures.
Persons: Mike Johnson, , Russia's, Joe Biden's, Lael Brainard, Donald Trump, Trump Organizations: Business, Street, Pentagon, White, National Economic Council, The Locations: Mexico, Ukraine, Israel, Gaza, Taiwan
WASHINGTON (AP) — The Senate's border proposal was one of the toughest bipartisan bills to emerge on the issue in decades. Republicans have campaigned on border security for years, and public frustration is running high with the record number of illegal U.S. border crossings. Cruz’s likely Democratic opponent, Texas Rep. Collin Allred, said he’s already talking about the border deal on the campaign trail. Murphy agreed that Democrats should remain committed to broad immigration reforms, including pathways to citizenship for migrants who are already here. But he argued that may only be possible once Democrats first show voters they are serious about tough border enforcement.
Persons: , Donald Trump, Chuck Schumer, , Tom Suozzi, Schumer, New York “, Joe Biden, Biden, Sen, John Cornyn, Republicans aren’t, , Suzan, ” Schumer, Mike Johnson, ” Trump, He's, Republican Sen, James Lankford, Trump, Ted Cruz, Cruz, Mitch McConnell, Cruz’s, Collin Allred, he’s, ” Allred, doesn’t, Lois Clinco, “ I’m, Clinco, Connecticut Sen, Chris Murphy, Ro Khanna, ” Khanna, John F, Kennedy, Barack Obama, Todd Schulte, Murphy, Lisa Mascaro, Philip Marcelo Organizations: WASHINGTON, Republican, Republicans, Democratic, Texas Republican, Trump, Washington Democrat, Border Patrol, Democrats, Texas, Texans, New, New York City —, Rep, California Democrat, Associated Press Locations: New York, Texas, South Carolina, Long, Levittown, New York City, Connecticut, United States, California, America, Levittown , New York
Scores of people turned out Tuesday to testify well into the night on bills being considered by Nebraska lawmakers that target diversity initiatives and higher education programs, mirroring proposals by Republicans across the country. The bills before the state Legislature’s Education Committee included one that would ban diversity, equity and inclusion — known as DEI — programs and offices at state colleges and universities. Similar bills have been introduced in Republican-led legislatures across the country as the 2024 election year heats up. Already this year, Republican lawmakers have proposed about 50 bills in 20 states that would restrict DEI initiatives or require their public disclosure. Among them were several young people of color who grew up in the state or Nebraska college students who told lawmakers of the discrimination they've faced.
Persons: Sen, Dave Murman, cosigners, , ” Jess Lammers, Mia Perales, Ricki Barber, ” Barber, ” Sen, Loren Lippincott, , ” Lippincott, Chris Kabourek, , ” It's Organizations: Nebraska, Republican, Education, , University of Nebraska, Lincoln, NAACP, Big Locations: Nebraska, Holdrege, Lincoln, Iowa, Florida, North Dakota, Texas
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