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The great tax debate: How will GOP fund tax cuts?
  + stars: | 2024-06-14 | by ( Robert Frank | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe great tax debate: How will GOP fund tax cuts? CNBC's Robert Frank and Marc Short, former chief of staff to Vice President Mike Pence and former Trump White House Director of Legislative Affairs, and Ernie Tedeshi, director of economics at The Budget Lab at Yale University and former chief economist at the White House Council of Economic Advisors, join 'Squawk Box' to discuss the competing tax plans between President Biden and former President Trump, the new tax ideas floated by Trump in recent days, what the corporate tax rate should be, and more.
Persons: Robert Frank, Marc Short, Mike Pence, Ernie Tedeshi, Biden, Trump Organizations: Trump White House, Legislative Affairs, Yale University, White House Council of Economic Advisors, Trump
Carolina Williams went viral in 2017 for her unique Papa Johns-inspired essay that earned the teen admission into Yale University. The first member of her family to go to college, Williams didn't necessarily have her heart set on an Ivy League education. She loved both Yale and Auburn's campuses and could see herself as a member of either student body. But Auburn's analytics program, along with its much closer proximity to her home and family in Tennessee, won Williams over. Here's why she skipped the Ivy League and how it's worked out for her post-grad.
Persons: Carolina Williams, Papa Johns, Williams, I've, it's Organizations: Yale University, Ivy League, CNBC, Auburn University, Yale Locations: Alabama, Tennessee
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewArmenia's announcement that it's going to leave a Russia-led alliance that was set up to rival NATO is a blow to the image Russian President Vladimir Putin wants to project, experts told Business Insider. In fact, experts say it's the opposite of what Putin hoped to achieve with the alliance. But leading it is still important to Putin as, in Putin's mind, "great powers lead alliances and organizations." Armenia snubbing RussiaPashinyan's announcement came after months of snubs against Putin, and criticism of the CSTO in general.
Persons: , Vladimir Putin, Nikol Pashinyan, Putin, Davis Ellison, Alexander Cooley, Thomas Graham, snubs, Pashinyan, Graham, Armenia doesn't Organizations: Service, NATO, Collective Security, Organization, Business, The Hague, Strategic Studies, Columbia University, Yale, Armenia's, Reuters, Getty Locations: Russia, Armenia, Kremlin, Soviet Union, Moscow, Soviet, East, Azerbaijan, Ukraine, Washington, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDuring a rally in Nevada on Sunday, former President Donald Trump proposed eliminating taxes on income earned from tips. It could also mean consumers — many already experiencing tipping fatigue as tipping culture pervades more industries — would be asked to tip in additional situations so workers could receive untaxed income. AdvertisementA spokesperson for the Trump campaign told BI that, if elected, Trump planned to ask Congress to eliminate taxes on tips.
Persons: , Donald Trump, Trump, it's, Joe Biden, Martha Gimbel, Gimbel, Steven, David Kamin, Obama, Kamin, Bank Organizations: Service, Wall Street, Business, Social Security, Medicare, IRS, Biden, Yale, Steven Bank, UCLA School of Law, New York University, Bank Locations: Nevada
Jensen Huang doesn't schedule one-on-one meetings with the people who report to him — but that doesn't mean he has no time for them. The billionaire Nvidia CEO and co-founder revealed that aspect of his managerial style during a talk at Stanford University in March. DON'T MISS: The ultimate guide to becoming a master communicator and public speakerIn Huang's case, scheduling 55 recurring one-on-one meetings could fill up a calendar quickly. A fully booked planner carries psychological ramifications, too, Yale University psychology professor Laurie Santos said at SXSW in March. To fend it off, Santos suggested going through your to-do list and figuring out which items don't actually need to be scheduled.
Persons: Jensen Huang, Huang, Steve Jobs, Jeff Bezos, Bezos, Lex, Laurie Santos, Santos Organizations: Nvidia, Stanford University, Apple, Microsoft, Yale University, SXSW, CNBC
If you ask a graduating M.B.A. student, a prep school guidance counselor or the internet how to be hired at the global consulting firm McKinsey, you’re likely to find a list of prestigious “target schools” where it has consistently aimed its recruiting efforts. You know the ones — Harvard, Yale, Stanford. But these days, McKinsey would prefer a different answer. “Exceptional can come from anywhere,” its career website says. “Elite” has never sat well with many American institutions, but the word has taken a particular beating in recent years.
Persons: you’re, , Katy George, Mckinsey’s, Fortune, Donald J, Trump, Organizations: McKinsey, Harvard, Yale, Stanford, , Ivy League Graduates
CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.
Persons: CNN — Narendra Modi, , Modi, , T.V, Paul, , Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, , McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. While some people tried to find their lifelong friends immediately, most of the people I met at college joked about how ridiculous that expectation was. It's also hard to ignore the role social media plays in creating the impression that everyone has more and better friendships. AdvertisementGood friendships take time to find and growI've probably met over 100 people I could see as potential lifelong friends. Between the people I've made in my residential college, improv group, moot court team, political union, and just wandering around campus, I've probably met my best friends already.
Persons: , I've, It's Organizations: Service, Yale, Business, Metro Locations: New York City, New York
Researchers studying ancient Neanderthal DNA found traces of three viruses that cause colds, cold sores, genital warts, and cancer. And ancient humans might have been the ones who started spreading these bugs, according to the scientists who recently published their work in the peer-reviewed journal "Viruses." This isn't the first time researchers have found inert (no longer infectious) ancient human viruses. That means tools used to study ancient human DNA might not work for viruses, Sally Wasef, a paleogenetics researcher at Queensland University of Technology, told New Scientist. Massilani also had some concerns with how the researchers were interpreting the ancient DNA.
Persons: , Marcelo Briones, Chemnitz State Museum of Archaeology Hendrik Schmidt, papillomavirus, Briones, Sasha Tabachnikova, Epstein, Barr, wasn't, Sally Wasef, Massilani Organizations: Service, Business, Chemnitz State Museum of Archaeology, Getty, Yale School of Medicine, Yale, Queensland University of Technology, New Locations: Chemnitz, Chagyrskaya Cave, Southern Siberia, Briones, Siberia
But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.
Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, , Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, , , David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher
Like any Ivy League school, a degree from Yale University has the potential to help you go very far in life. Plus, Yale students go on to command a median salary of $95,961 a decade after starting school, according to the Department of Education's College Scorecard. For the 2024-25 school year, undergraduate tuition is listed at $67,250. Additional costs, including housing, food, materials and student fees, brings the estimated total cost of attendance to $90,975 per year. Here's what students and their families typically pay for a Yale education.
Persons: Angela Bassett, Jodie Foster, George H, Bush, George W, Tom Steyer Organizations: Ivy League, Yale University, Yale, Department, Education's Locations: Haven , Connecticut
CNN —By now, the famed photographer Gregory Crewdson’s well-oiled, large-scale shoots are well documented. Gregory CrewdsonCrewdson nods to the Hitchcock classic “Vertigo” and the female lead’s doubled self in this photograph from his most recent series, “Eveningside,” from 2021-22. For the series, the photographer returned to Adams, Massachusetts, and transformed vacant storefronts, revisiting locations from earlier series. With Crewdson’s work, he added: “It’s completely staged, and every detail is thought through. It’s that moment — not the final picture — that he’s always chasing, he reiterated on the call.
Persons: Gregory Crewdson’s, Crewdson, ” Crewdson, , Gregory Crewdson Crewdson, Hitchcock, , Gregory Crewdson, Walter Moser, David Lynch, Steven Spielberg, Alfred Hitchcock, ” Moser, Jeff Wall, Cindy Sherman, Philip, Lorca diCorcia —, It’s, it’s, he’s, Juliane Hiam, , Moser, Sherman, Edward Hopper, William Eggleston, ” Gregory Crewdson, HBO’s, Julianne Moore, Tilda Swinton, Phillip Seymour Hoffman, Gwyneth Paltrow, Taylor, Haze ”, “ it’s, ’ ”, hasn’t, Rick Sands, Wes Anderson, ” Gregory Crewdson “, I’ve Organizations: CNN, Albertina, , Pines, , New York Times Magazine, Yale Locations: Connecticut, Western Massachusetts, , Adams , Massachusetts, Vienna, Brooklyn ; New Haven , Connecticut, Pittsfield , Massachusetts, Crewdson’s, Vermont, America, Massachusetts, New York, New Haven, Pittsfield, Italy, Rome
From the protection of lakes and streams to the battle to curb greenhouse gas emissions, many voters in the upcoming US presidential election want to see the federal government play an active role in climate issues. One thing is clear though: the lion's share of voters believe that climate change is real. AdvertisementThe latest quarterly survey from the Yale Program on Climate Change Communication revealed that 72% of Americans believed that climate change was occurring, while only 15% disagreed. Related storiesHere's a look at President Joe Biden and former President Donald Trump's positions on climate — which is poised to be a defining issue for Gen Z and millennial voters this fall. But President Donald Trump withdrew from the plan while in office, blasting it as detrimental to the US economy.
Persons: Joe Biden, Donald Trump's, Gen Z, Biden, Barack Obama, Obama, Donald Trump, Trump Organizations: Service, Business, Yale, GOP, US, Keystone XL, Trump, Alaska National Wildlife, Environmental Protection Agency, Mar, The Washington, of Energy Locations: Paris, Alaska, Michigan
Mike Blake | ReutersSince 2019, immigration has added 2 million workers to the U.S. labor supply, according to an April analysis by Tedeschi. Without immigrants, Tedeschi estimated that the size of the U.S. labor supply would have shrunk by 1.2 million during that period. The short answer is that this executive order will probably not increase inflation. Some experts say the executive order could bring down costs by smoothing out the U.S.-Mexico supply chain. Biden's executive order could help clear some of these supply chain bottlenecks.
Persons: Joe Biden, Leah Millis, Joe Biden's, Biden, Andrés Manuel López Obrador, Jose Luis Gonzalez, Ernie Tedeschi, Tedeschi, Trucks, Daniel Becerril, Donald Trump, I'd, Mike Blake, Tara Watson, Guillermo Arias, Jerry Pacheco, It's, Pacheco, Watson, Trump, Saul Loeb Organizations: White, . Border Patrol, Department of Homeland Security, NBC, Texas National Guard, Reuters, United, Yale University's, White House Council, Economic Advisers, Customs, Brookings, Immigrants, AFP, Getty Images Shipping, Border Industrial Association, Getty Locations: U.S, Mexico, Washington , U.S, United States, Texas, Ciudad Juarez, Nuevo Laredo, Biden's, San Diego , California, Mesa Port, Tijuana , Mexico, New Mexico, Calexico , California
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Austin Wang, a class-of-2025 computer-science major at Yale University, said students were "scared that engineering roles will be replaced in the future." Handshake found that fewer prospective business graduates were applying to consulting roles and that more were seeking positions in customer relations, marketing, and analytics compared with last year. Handshake's analysis suggested tech job postings geared toward fresh graduates fell by 30% compared with last year. Advertisement"It's quite bad for entry-level jobs in general but even worse for international students," she said.
Persons: , It's, Goldman Sachs, Morgan Stanley, Austin Wang, Fabrice Coffrini, Beth Hendler, Matthew Park, Anika Nair, Rutgers University . Austin Wang, Anika Nair Yale's Wang, Wang, Amr Alfiky, you'll, Adnan Hussain, Christine Cruzvergara, Richard Carruthers, I've Organizations: Service, Management, Big Tech, National Association of Colleges, Employers, Business, New York Times, Yale University, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture, McKinsey, Getty Images Industry, Yale, Tech, Companies, Ivy League, Rutgers University ., Rutgers University, JPMorgan —, Investment, Citigroup, JPMorgan, Deutsche Bank, Finance, Reuters, National University of Singapore, Imperial College London, KPMG, Deloitte, HSBC, Amazon Web Services Locations: Wall, AFP, Singapore
Programming Note: The CNN Original Series Violent Earth with Liev Schreiber explores the unbelievable science behind epic natural events. CNN —Unlike Logan Roy’s offspring in “Succession,” Liev Schreiber can appropriately be described as a serious person. I think once swimming in the ocean became a regular event for me, that’s really where my own personal relationship to climate change began to develop,” Schreiber told CNN in a recent interview. Things are going a lot better in terms of our awareness and the steps we’re taking, but there’s still a long way to go,” Schreiber said. He’ll bring viewers back to the NFL training camp fields with the Chicago Bears when the series returns in August.
Persons: Liev Schreiber, Logan, ” Liev Schreiber, He’s, “ Ray Donovan ”, ” Schreiber, “ I’ve, that’s, , there’s, Otto Frank, Ann Frank’s, Miep Gies, Bel Powley, Dusan Martincek, Schreiber, He’ll, he’s, Organizations: CNN, Royal Academy of Dramatic Art, Yale School of Drama, Geographic, Disney, NFL, Chicago Bears, New Yorker, New York Jets Locations: Ukraine, American, , New
History has been made at Yale University as Maurie McInnis becomes the first woman to be named permanent president of the Ivy League school. She has served as a Yale trustee since 2022 and earned master's degree and doctorate from Yale, per the school's announcement Wednesday morning. Yale has had only one other female leader, the historian Hanna Holborn Gray, who served as interim president from 1977 to 1978. It is the last Ivy League school to name a permanent woman president. In an interview with the Yale Daily News, McInnis expressed her gratitude for being elected president and reiterated her commitment to "tackle the world's most pressing challenges."
Persons: Maurie McInnis, McInnis, Hanna Holborn Gray, Peter Salovey, Joshua Bekenstein, Organizations: Yale University, Ivy League, Yale, Stony Brook University, University of Texas, University of Virginia, Bain Capital, Yale Corporation, Yale Daily News, Harvard University, University of Pennsylvania, Cornell University, Stony Brook, CNBC Locations: New Haven , Connecticut, Long, New York, Austin, Israel, Stony
How did the ghoulish creatures known as anglerfish pull off the evolutionary feat that let them essentially take over the ocean’s sunless depths? It took peculiar sex — extremely peculiar sex. Scientists at Yale University have discovered that a burst of anglerfish diversification began some 50 million years ago as the ancestral line developed a bizarre strategy to ensure successful reproduction in the dark wilderness. To mate, tiny males would clamp with sharp teeth onto the bellies of much larger females. Some males would let go after mating while others would permanently fuse into the females.
Persons: anglerfishes, ” Chase Organizations: Yale University, Yale
Yale University’s new president will be Maurie D. McInnis, currently the president of Stony Brook University, a New York state public university, where she is known for raising the school’s profile, donations and prestige. When she takes over from Yale’s outgoing president, Peter Salovey, in July, Dr. McInnis, who earned masters and doctoral degrees from Yale in the 1990s, will become the university’s first permanent female president. Her selection followed a search that began last fall. The delay in announcing a successor for Dr. Salovey, who leaves his post at the end of June, prompted speculation that the university’s selection committee was having difficulty finding someone during a tumultuous time on university campuses. Joshua Bekenstein, a founder of Bain Capital who heads the Yale Corporation, the university’s governing board, said the search committee had undertaken a “very thorough” selection process.
Persons: McInnis, Peter Salovey, Salovey, Joshua Bekenstein Organizations: Yale, Stony Brook University, Bain Capital, Yale Corporation Locations: New York
In a letter to BuzzFeed’s board, a copy of which Ramaswamy posted online, the MAGA hardliner and former Republican presidential candidate recommended laying off large swaths of the company’s existing staff. He encouraged BuzzFeed’s board to transform the outlet into a creator-driven platform, suggesting it hire personalities akin to fellow radicals Candace Owens and Tucker Carlson. “Address your audience directly and candidly admit: We failed in our obligation to tell you the truth,” Ramaswamy encouraged BuzzFeed. But it was apparent that he does not view the right-wing entrepreneur’s ideas for the future of BuzzFeed as compelling. “I’m very skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits.
Persons: Vivek Ramaswamy —, , Ramaswamy, MAGA hardliner, BuzzFeed’s, Candace Owens, Tucker Carlson, BuzzFeed, Donald Trump, ” Ramaswamy, Jonah Peretti, MAGA, ” Jeffrey A Sonnenfeld, , Vivek, Vivek Ramaswamy, Peretti, ” Peretti, , Sonnenfeld Organizations: New York CNN, Republican, , Yale School of Management, Facebook, Huffington Locations: New York, Covid, BuzzFeed
Digital devices provide unlimited access to so many things, and it can be both a gift and a curse. Smartphones and laptops help us to stay connected to our loved ones through phone calls and video conferencing, Laurie Santos, a psychology professor who teaches Yale's most popular class ever, said in a recent podcast episode of "The Happiness Lab." At the same time, "research shows that our screens and apps and devices are making us less social, less present and even less happy," Santos added. During the episode, Santos spoke to Amy Blankson, a happiness expert and co-founder of the Digital Wellness Institute, about ways that people can achieve a better balance when using digital devices. Here are a few of the tips that Blankson shared.
Persons: Laurie Santos, Santos, Amy Blankson Organizations: Digital Wellness Institute
Dr. Sanjay Gupta: Rewiring your brain for happiness
  + stars: | 2024-05-25 | by ( Dr. Sanjay Gupta | ) edition.cnn.com   time to read: +10 min
CNN —Happiness is an idea that has been woven into the fabric of humanity, going back to ancient civilizations. Santos believes, however, that with some diligent and intentional practice, you can start to turn up your thermostat of happiness. “Every available study of happy people suggests that happy people are more social,” Santos said. And I would gather the opposite is also true: Social people are happier. Listen to the full episode with happiness professor Laurie Santos here, and join us next week on the podcast when we explore the surprising link between happiness and anxiety.
Persons: Rebecca, I’m, It’s, Laurie Santos, we’re, , Santos, Kelly McGonigal, ” Santos, , ” She’s, Robert Waldinger, , Waldinger Organizations: CNN, Independence, Liberty, Gallup, Yale University, Harvard Locations: United States
Read previewJeffrey Sonnenfeld and Steven Tian, two researchers at the Yale School of Management, have been targeted for their views on Russia's economy since the war in Ukraine began. Soaring prices and ailing consumer sentiment have hit key sectors in Russia's economy, and Moscow is paying a huge cost to keep its war machine running. Steven Tian Courtesy of Steven TianAt that time, Tian and Sonnenfeld began noticing cracks forming in Russia's economy. "Putin has no grand strategy other than to hope Trump wins and cuts a favorable deal with Russia," Tian said. Positive forecasts on Russia's economy are based on a lack of visibility, Sonnenfeld and Tian say.
Persons: , Jeffrey Sonnenfeld, Steven Tian, they've, Vladimir Putin's, Tian, Putin, he'd, Sonnenfeld, I've, Biden, Steven Organizations: Service, Yale School of Management, Business, Yale, IMF, Trump Locations: Ukraine, Moscow, Russia
Whether today's activist investors contribute any genuine economic value is open for debate. As this year's proxy season draws to a close, defeat after defeat for activist investors in proxy fights this year – most prominently at Disney and Norfolk Southern – raises the question: Are activist investors increasingly getting de-activated, losing their credibility and power? These self-styled "activist investors" are distinct from the original activists who helped catalyze needed governance reforms two decades back. Many of today's activist investors are a far cry from the original, heroic crusaders for shareholder value who pioneered the activism space decades ago. However, given the failing financial performance of many of today's activist investors, their losing streak in proxy fights and increasing public rejection of their bullying tactics, the credibility and value of activist investors writ large is increasingly imperiled.
Persons: Nelson Peltz's, Ed Garden, Ralph Whitworth, John Biggs of TIAA, John Bogle of, Ira Millstein, Weil, Nell Minow, Bob Monks, Harvard's Stephen Davis, Carl Icahn's, Aubrey McClendon, , Bill Cohan, Jamie Dimon, Glass Lewis, resoundingly, Mason Morfit's ValueAct, Jeffrey Sonnenfeld, Lester, Steven Tian Organizations: CNBC, Salesforce, Dow Jones, Disney, Norfolk Southern, Relational Investors, John Bogle of Vanguard, Services, Chesapeake, Norfolk, JetBlue, Elanco, of Institutional Investors, United Shareholders Association, Responsibility Research, ISS, Lester Crown, Management, Yale University, Yale's, Institute Locations: Norfolk Southern, greenmailers, America
A few days before Christmas in 2020, quarantined with Covid in the basement of a Hare Krishna ashram in Philadelphia, Justine Payton admitted to herself how bad things had gotten. She rose at 4:30 each morning and her days ended at 9:30 p.m. Ms. Payton had moved to Philadelphia to help open the Mantra Lounge meditation center at the behest of Mangal-arti’s “spiritual master,” Devamrita Swami, a New York-born, Yale-educated leader in the Hare Krishna movement. The movement had given her joy, purpose and community when she desperately needed it. Now she was reaching new followers with the same things that first attracted her: cheap yoga and vegan meals, and then meditation, chanting, and volunteer work.
Persons: Hare, Justine Payton, Mangal, arti, Ms, Payton, , Hare Krishna Locations: Philadelphia, New York, Yale
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