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Opinion | Rethinking the Ethics of Tax Deductions
  + stars: | 2024-04-18 | by ( ) www.nytimes.com   time to read: 1 min
To the Editor:Re “Make a Difference This Tax Season,” by Matthew Desmond (Opinion guest essay, April 14):Mr. Desmond is, of course, right that tax rates and tax deductions are heavily skewed to favor the very wealthy. One of the solutions he offers, however, asks the somewhat wealthy to imitate the very wealthy: Take your deduction and give to your favorite charities. That’s how the taxpayers end up subsidizing — through deductible philanthropy — huge bequests to operas, billionaires’ alma maters, vanity art collections and other pet projects. If people just didn’t take the deductions, as Mr. Desmond also proposes, the savings could help fund main government responsibilities like schools, safety, health care and the like. The writer is a professor of sociology at the University of California, Berkeley.
Persons: Matthew Desmond, Desmond, alma, Claude S, Fischer Berkeley Organizations: University of California Locations: Calif, Berkeley
The International Space Station has long been a symbol of international cooperation. AdvertisementSince the end of the Cold War, the International Space Station (ISS) has been a symbol of international cooperation. By 1988, 15 nations had agreed to participate in the project, then known as Space Station Freedom. Keystone/Hulton Archive/Getty ImagesThe Soviets had long-standing expertise in aerospace technology, having launched the world's first space station, "Salyut," in 1971. China has completed several unmanned Moon landings, has its own space station, and has developed a sophisticated commercial and military satellite program.
Persons: , Peggy Whitson, Vladimir Putin, Jill Stuart, Ronald Reagan, Bill Clinton, Terry Virts, Anton Shkaplerov, Marco Tacca, Oleg Artemyev, Denis Matveev, Sergey Korsakov, Virts, Michael Barratt, Matthew Dominick, Alexander Grebenkin, Jeanette Epps, Stuart, Verts, Musk Organizations: Astronauts, Service, Space, Veteran, ISS, Imperial College London, Politics, NASA, European Space Agency, ESA, Inter, Soyuz, Keystone, Hulton, Roscosmos, Reuters, Anadolu, Getty, Imperial College, Baikonur Cosmodrome, Elon Musk's SpaceX, The Independent, CNBC Locations: Russia, Ukraine, Europe, China, Japan, loggerheads, Hollywood, Canada, Soviet Union, Milan, Italy, Luhansk, Luhansk People's Republic, Russian, Baikonur, Kazakhstan, The, Soviet Russia
And when it comes to paying taxes, he forgoes many deductions afforded him. For much of Mr. Narváez’s life, money was tight. But today, Mr. Narváez and his wife, a retired elementary school principal, live comfortably. Upon seeing those figures, Mr. Narváez’s financial adviser told his client he was overpaying and introduced him to an accountant. “I see it as my responsibility to pay my fair share of taxes,” Mr. Narváez, who is 70, told me.
Persons: Alejandro Narváez, he’s, Narváez, , Mr, Mark Twain Organizations: Locations: Seattle
Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."
Persons: , Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias
It is therefore no surprise that the advent of big data, data analytics, and disruptive technologies such as generative AI have brought in sweeping changes and opportunities to reinvent critical business areas. When customers trust a business, it empowers the organization to pioneer groundbreaking initiatives, embracing risk to craft new products and refine existing ones. While the balance between trust and innovation emerges as a critical lever for progress, the role of transparency in cultivating and maintaining this trust cannot be overstated. Earned, not givenAs we recognize transparency's pivotal role in building trust, it becomes clear that trust in the digital age is earned, not given. Safeguarding consumer trust in an era increasingly dominated by sophisticated algorithms and artificial intelligence is more critical than ever.
Persons: Matthew Driver, we've Organizations: Services, Asia, Mastercard, Trust, Harvard, Mastercard Singapore, Insider Studios Locations: Asia Pacific
MOSCOW (AP) — A Russian Soyuz rocket carrying three astronauts to the International Space Station blasted off Saturday, two days after its launch was aborted at the last minute. The spacecraft carrying NASA astronaut Tracy Dyson, Russian Oleg Novitsky and Marina Vasilevskaya of Belarus launched smoothly from the Russian-leased Baikonur launch facility in Kazakhstan. The head of the Russian space agency, Yuri Borisov, said the launch abort was triggered by a voltage drop in a power source. The space capsule atop the rocket separated and went into orbit eight minutes after the launch and began a two-day, 34-orbit trip to the space station. Russia has continued to rely on modified versions of Soviet-designed rockets for commercial satellites, as well as crews and cargo to the space station.
Persons: Tracy Dyson, Russian Oleg Novitsky, Marina Vasilevskaya, Yuri Borisov, Loral O’Hara, Matthew Dominick, Mike Barratt, Jeanette Epps, Oleg Kononenko, Nikolai, Alexander Grebenkin, O'Hara Organizations: MOSCOW, Russian Soyuz, International Space, NASA Locations: Russian, Belarus, Baikonur, Kazakhstan, Russia, Ukraine
The SpaceX logo is shown on a Falcon 9 rocket as it is prepared for launch to carry NASA's SpaceX Crew-8 astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, and Roscosmos cosmonaut Alexander Grebenkin to the International Space Station at the Kennedy Space Center, in Cape Canaveral, Florida, U.S., March 2, 2024. The National Labor Relations Board accused SpaceX in a new complaint of entering into unlawful severance agreements with terminated employees nationwide. The unfair labor practices complaint comes two months after SpaceX filed a federal lawsuit challenging the legality of the NLRB's oversight authority, and after the federal agency in a separate complaint accused the company of illegally firing eight workers who had criticized its CEO Elon Musk in an open letter. The new NLRB complaint claims that SpaceX included unlawful confidentiality and non-disparagement clauses in severance agreements and that it unlawfully limited the terminated workers' ability to participate in other claims against the company. It also alleges that the rocket maker and satellite internet company maintained an unlawful rule that required workers — as a condition of their employment — to sign an agreement for arbitration and dispute resolution, and to waive their right to receive money in class-action lawsuits against the company.
Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, SpaceX, Elon Musk Organizations: SpaceX, International, Kennedy Space Center, National Labor Relations Board, Company Locations: Cape Canaveral , Florida, U.S
The "Love Is Blind" season six reunion didn't shy away from addressing off-screen drama. AdvertisementThe "Love Is Blind" producers did not come to play in the season six reunion. His "Love Is Blind" ex-fiancée Laura Dadisman and current girlfriend Sarah Ann were also asked to confirm that was true, which they did. Not only was that scene excellent drama, but it was extremely cathartic to see Laura say her piece and warn Sarah Ann about Jeramey being fake — even if Sarah Ann didn't actually listen to her warnings in the end. Between the nearly two-hour delay for the "live" broadcast and the Lacheys failing to address some of the most controversial topics of the season, season four star Zack Goytowski served as the voice of the fans more than the actual hosts.
Persons: , Nick, Vanessa Lachey, Jeramey, Sarah Ann, Jeramey didn't, exes, Lutinski, Sarah Ann Bick, he'd, Laura Dadisman, Laura, Sarah Ann's, she'd, Sarah Ann didn't, Trevor, Adam Rose, Netflix Trevor Sova, Chelsea Blackwell, Jimmy Presnell, Teddy Bear Trevor, Natalia Marrero, they'd, Natalia, Jessica, Jimmy, screentime, Jessica Vestal, Amber, Matthew Duliba, Amber Grant, Amber Desiree, Smith, Nick Lachey, Matthew, Clay, Cole, Zanab's, Zack Goytowski, Jackie Bonds, Josh Demas, wasn't, fiancé Marshall Glaze, Jackie, Josh, Marshall Organizations: Service, Netflix, Chelsea
CNN —“Ireland, we are at war,” UFC star Conor McGregor declared to his millions of social media followers on November 22, 2023. This comes after the Garda – as Ireland’s police are known – told CNN there were 231 anti-immigration related public gatherings in 2023. A working-class boy from Dublin, McGregor was driven by a desire to become world champion in a sport relatively unknown in Ireland. Political analysts and far-right experts have told CNN that McGregor’s unique brand of Irish patriotism that won him supporters as a fighter has mutated into a strand of “far-right” Irish nationalism. O’Keefe regularly writes to McGregor on X, calling him “President McGregor.” O’Keefe did not respond to CNN’s request for comment.
Persons: CNN —, , Conor McGregor, It’s, McGregor, Ciarán, ” O’Connor, McGregor’s, , Petery Murphy, Paul Murphy, , Murphy, Drew Harris, ” Conor McGregor, Dustin Poirier, Stacy Revere, Khabib Nurmagomedov, Floyd Mayweather Jr, Aodhán Ó Ríordáin, ” Ewan MacKenna, ” McGregor, Patrick T, Fallon, , “ McGregor, Matthew Donoghue, Megan Briggs, Mick O’Keefe, O’Keefe, ” O’Keefe, Keith Woods, lambasts, Woods, Nick Fuentes ’, Fuentes –, Padraig Pearse, Artur Widak, Europe’s, Heidi Beirich, ” Donoghue Organizations: CNN, CNN — “, ” UFC, Institute for Strategic, Police, Flames, Getty, Irish, People, Profit, Irish National Party, Irish Freedom Party, Garda, Local, UFC, Guardian, Mobile, Forbes, Labour, RTÉ, Central Statistics Office Ireland, Ireland, University College Dublin, Denver Nuggets, Miami Heat, Kaseya Center, North, American White, Blacks, Leinster House, , Global, Twitter Locations: CNN — “ Ireland, Dublin, Irish, Ireland, Algeria, AFP, Las Vegas , Nevada, It’s, East Wall, Miami , Florida, North America, American, “ Ireland, Europe’s “, Germany, France, Italy, Sweden
CAPE CANAVERAL, Fla. (AP) — Four astronauts headed to the International Space Station on Sunday where they will oversee the arrivals of two new rocketships during their half-year stint. SpaceX’s Falcon rocket blasted off from Kennedy Space Center, carrying NASA’s Matthew Dominick, Michael Barratt and Jeanette Epps and Russia’s Alexander Grebenkin. “When are you getting here already?” space station commander Andreas Mogensen asked via X, formerly Twitter, after three days of delay due to high wind. Epps should have launched to the space station on a Russian rocket in 2018, but was replaced for reasons never publicly disclosed. Flight controllers are monitoring a growing cabin leak on Russia’s side of the space station.
Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Russia’s Alexander Grebenkin, , Andreas Mogensen, Epps, Billy Joel, Dominick, Barratt, ” Barratt, Joel Montalbano Organizations: International, Kennedy Space Center, SpaceX, NASA, Sierra, Ford Motor Co, CIA, Navy, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, U.S, Denmark, Japan, Russia, New York, Syracuse, N.Y, Russian
“We are the Michigan G.O.P.,” Mr. Hoekstra said in an interview on Friday. On Thursday night, Ms. Karamo sought to address her leadership status at a Republican gathering in Oakland County near Detroit. A video recorded by The Detroit News showed her being heckled as party leaders elected delegates for next month’s state convention. At the Karamo-aligned event, a projector displayed a logo for the county’s Republican Party. did not immediately respond to requests for comment about what would happen if rival slates of Michigan delegates showed up at the convention.
Persons: Donald J, Trump, Pete Hoekstra, Kristina Karamo, Hoekstra, ” Mr, “ Kristina Karamo, Mr, ” “, , Karamo, , Ole ’, we’ve, ” Ms, Patrick Van Katwijk, Fred Krymis, Rod Halcomb, Emily Elconin, Kelly Sackett, Matthew DePerno Organizations: Republicans, Trump, Republican National Committee, Republican, Democratic, Republican Party, Republican National, Agence France, Michigan, The Detroit News, Baptist Church, county’s Republican Party, Michigan Republicans, The New York Times, Kalamazoo, Republican National Convention Locations: Michigan, Waterford Township, Detroit, Western Michigan, Netherlands, Oakland County, Kalamazoo County, Scotts, Mich, Kalamazoo
Warning: Spoilers ahead for the first six episodes of "Love Is Blind" season six. Amber Desiree "AD" connects with Clay and Matthew, and ultimately accepts a proposal from Clay. AdvertisementAmber Desiree "AD" Smith forms connections with both Clay Gravesande and Matthew Duliba in the "Love Is Blind" pods on season six. At the end of the first six episodes, Clay and AD are one of the few couples on pretty good footing. The next three episodes of "Love Is Blind" season six will air on February 21.
Persons: Amber Desiree, Clay, Matthew, , Smith, Clay Gravesande, Matthew Duliba, Amber Grant, Amber, he'd, Here's, she'd, aren't Organizations: Service Locations: Clay, North Carolina, Texas
Warning: Spoilers ahead for the first six episodes of "Love Is Blind" season six. Matthew leaves after Amber Desiree "AD" confronts him for saying the same things to her and another woman also named Amber. AdvertisementMatthew Duliba might be the most controversial contestant on "Love Is Blind" season six. AdvertisementWhile Matthew hasn't posted his "Love Is Blind" portrait on social media like virtually every other contestant this season, he has acknowledged the show subtly. Matthew Duliba/InstagramThe next three episodes of "Love Is Blind" season six air on February 21.
Persons: Matthew, Amber Desiree, Amber, he's, , Matthew Duliba, Sarah Ann, Smith, Amber Grant, it's, I've, Clay Gravesande, Matthew hasn't, there'd, Kenneth Gorham, Jimmy Presnell, Jeramey Lutinski, Jimmy, Ken, Mathew, Amber isn't Organizations: Service, Vanguard, New York Daily News Locations: America
STUDIO CITY, Calif. (AP) — A crewmember who was working on the Marvel Studios series “Wonder Man” died following an accident on set Tuesday morning at CBS Radford Studios in Studio City. The man, whose name was not made public, was a rigger who fell from the rafters, according to the trade publication Deadline, which first reported the news. Matthew D. Loeb, president of the International Alliance of Theatrical Stage Employees, said the labor union was shocked and saddened. Those numbers were derived by combing through data from workplace and aviation safety investigations, court records and news accounts. Filming is set to begin next month on “Wonder Man,” which stars Yahya Abdul-Mateen II and was delayed by last year’s dual Hollywood strikes.
Persons: , Matthew D, Loeb, ” Loeb, Halyna Hutchins, Alec Baldwin, Sarah Jones, Yahya Abdul, Mateen Organizations: CITY, Calif, Marvel Studios, CBS Radford Studios, Marvel, Occupational Safety, Health Administration, OSHA, International Alliance, Cal, Associated Press Locations: Studio City, U.S
Trucks and trailers sit in a Yellow Corp. facility lot, closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023. The bankrupt trucking company Yellow has fully repaid a controversial $700 million Covid loan to the U.S. Treasury Department, plus more than $151 million in interest, the company said Monday. Meanwhile, unsecured creditors in the bankruptcy case, including employee pension funds, are seeking billions of dollars in payouts from what remains of the company. By mid-2023, as it headed toward bankruptcy, Yellow had made only one payment on the loan: $230, in July 2021. In a statement Monday announcing the loan repayment, Yellow's chief restructuring officer Matthew Doheny said, "repayment demonstrates Yellow's absolute commitment to fulfilling its promise to the American taxpayers that its CARES Act loan would be repaid in full with interest."
Persons: Matthew Doheny, Doheny, Yellow's, Donald, Trump, Steven, Mnuchin Organizations: Corp, U.S . Treasury Department, Treasury Department, Trump, Defense Department, Treasury Locations: Las Vegas , Nevada, Delaware
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will not be a scapegoat for a recession, says Merrill’s Matthew DiczokMatt Miskin, John Hancock Investment Management co-chief investment strategist, and Matt Diczok, Merrill and Bank of America Private Bank head of fixed income strategy, join 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, 2024 outlook, and more.
Persons: Matthew Diczok Matt Miskin, John, Matt Diczok Organizations: John Hancock Investment Management, Bank of America Private Bank Locations: Merrill
Read previewGenes that may have once helped ancient herders fight infectious parasites could contribute to autoimmune diseases today, like multiple sclerosis. For example, rates of MS are twice as high in the northwest of Europe, including in Scandinavia, compared to southern Europe. AdvertisementThey analyzed teeth and bones from Europe and Western Asia, adding to an ancient DNA database of about 1,600 genomes. Northern Europeans are also more susceptible to MS than in southern Europe, where Yamnayan ancestry is less common. AdvertisementFor some people, this inflammatory response can go overboard and start attacking the body's own cells, as with MS, Iversen said.
Persons: , it's, Rasmus Nielsen, Nielsen, Matthew Dunham NMB, immunologist Dr, Astrid Iversen, haven't, Iversen Organizations: Service, Business, University of Copenhagen, University of Cambridge, University of California, BBC Locations: Europe, Scandinavia, Western Asia, Berkeley, Northern
Business Insider spoke with two former Home Depot employees, Janet Federico and Matthew De Fiebre, about things they wish customers would stop doing in the big-box store. De Fiebre, who worked as a garden and order-fulfillment associate in 2019 and 2020, said showing employees grace goes a long way. There are lots of different departments in each Home Depot store. AdvertisementBut Federico told BI that too many people ignored the options, leaving the burden on the employees. "I can't eyeball measurements from a photo, and holding up your hands and saying, 'about this wide' is not helpful," Federico told BI.
Persons: , Janet Federico, Matthew De Fiebre, Fiebre, aren't, De Fiebre, Federico, it's Organizations: Service, Home Depot, Business, Home, Staff, Depot Locations: Austin, Texas, Home
Carbon Trading Opens Loophole in Paris Climate Accord
  + stars: | 2023-12-04 | by ( Matthew Dalton | ) www.wsj.com   time to read: 1 min
When the South American nation of Guyana wanted to sell millions of carbon-offset credits to preserve its rainforests, government officials knew they had a problem: The country’s lush Amazonian forests were actually in good shape. Guyana’s rate of deforestation was already low, meaning its forests wouldn’t yield much under standard methodologies for calculating carbon credits. So its government chose a new method that allows a large adjustment for countries with healthy forests. The change raised the credits that Guyana could issue sixfold. Guyana sold 37.5 million of them last year to U.S. oil giant Hess for at least $750 million, and is now shopping the remaining two thirds to countries facing pressure to comply with the landmark Paris climate accord, officials say.
Persons: Hess Locations: American, Guyana, Paris
JOHANNESBURG—Wealthy nations are sending tens of billions of dollars to poorer ones for clean energy, the linchpin of a global strategy to cut greenhouse-gas emissions in the developing world. But two of the most ambitious efforts yet—in South Africa and Indonesia—are now at risk of unraveling, sowing doubts about the rich world’s ability to push developing countries away from coal and other fossil fuels.
Organizations: JOHANNESBURG — Locations: JOHANNESBURG, South Africa, Indonesia
Police in Paris secured the scene of an attack on a tourist near the Eiffel Tower late Saturday. Photo: stephanie lecocq/ReutersPARIS—A German tourist was stabbed to death on Saturday evening a few hundred yards from the Eiffel Tower in a suspected terrorist attack, a blow to authorities on high alert because of the Israel-Hamas war. The suspect, identified as a Frenchman in his 20s, was arrested shortly after the slaying, said Interior Minister Gérald Darmanin . France’s counterterrorism prosecutor opened an investigation.
Persons: stephanie lecocq, Frenchman, Gérald Darmanin Organizations: Eiffel Locations: Paris, PARIS, Israel
World Leaders Work to Cut Methane at COP28
  + stars: | 2023-12-03 | by ( Matthew Dalton | ) www.wsj.com   time to read: 1 min
More than 190 governments gathered in Dubai beginning Thursday for the United Nations’ annual two-week summit where nations attempt to forge a collective response to the problem of climate change. This year, four topics are expected to dominate: a report on the worldwide implementation of the landmark Paris climate accord, the future of fossil fuels, climate finance for poorer countries and the setting up of a fund to pay for climate damage.
Organizations: United Nations Locations: Dubai, Paris
It lasted 30 minutes and fans later found the truck had a lower range and higher price on their own. AdvertisementAfter a four-year wait, the official Cybertruck launch party lasted about 30 minutes and left some order-holders wanting more. CEO Elon Musk stood in the bed of the Cybertruck listing off its specs – many of which had been leaked ahead of the launch . Following the launch party, all of the specs and prices for the three Cybertruck variations were posted to Tesla's website. AdvertisementThe Cybertruck launch was always going to be a difficult tightrope for Musk to walk , said Martin French, managing director at automotive consultancy Berylls.
Persons: , Elon Musk, Zack Nelson, Christopher Bowe, there's, Bowe, Nelson, we'd, Elon, Martin French, doesn't, Tesla, Matthew Donegan, Ryan, Donegan, Eric Locke, he's, Locke Organizations: Service, Porsche, Ford, Business, YouTube, nab
Rift Over Fossil Fuels to Dominate COP28
  + stars: | 2023-12-01 | by ( Stacy Meichtry | Matthew Dalton | ) www.wsj.com   time to read: 1 min
Leaders from the United Arab Emirates, the host of COP28, on the opening day of the summit in Dubai. Photo: Hollie Adams/Bloomberg NewsDUBAI—World leaders gathered for climate talks in this oil-rich corner of the globe amid sharp divisions over how quickly governments need to wean their economies off fossil fuels to prevent the planet from blowing past the Paris accord’s temperature targets. Vice President Kamala Harris was expected to join Brazilian President Luiz Inácio Lula da Silva , French President Emmanuel Macron and a host of leaders from across the Gulf region Friday at the start of a two-day summit to kick off the United Nations’ annual climate talks, known as COP28.
Persons: Hollie Adams, Kamala Harris, Luiz Inácio Lula da Silva, Emmanuel Macron Organizations: United Arab Emirates, Bloomberg News DUBAI —, Brazilian, United Nations Locations: Dubai, Paris, Gulf
This year is the hottest on record, and evidence is growing that climate systems are hitting dangerous tipping points. That backdrop is intensifying a fight over the future of fossil fuels that is set to dominate the annual United Nations climate conference over the next two weeks. New studies have found that several tipping points—from a collapse of Atlantic Ocean currents to drying of the Amazon rainforest—could be passed sooner than anticipated, some around the middle of this century. Loss of much of the West Antarctic ice sheet may already be unavoidable. Global temperatures, meanwhile, set record highs this year, the U.N.’s World Meteorological Organization said Thursday.
Organizations: United Nations, Meteorological Organization Locations: United
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