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☆ Real estate investors are using a 2-part strategy to build equity and avoid capital gains tax
▼ + stars: | 2024-08-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

"There are so many ways to get started in real estate," said Elkins-Hutten, who is a financial educator and the author of "Money for Tomorrow." AdvertisementHere's how the Jensens and Elkins-Hutten have built equity and sidestepped capital gains taxes in two steps. Elkins-Hutten used real estate investing as a vehicle to achieve financial freedom and gain back time. Advertisement"Because we lived in it and owned it for two of the past five years, we paid no taxes on the capital gains," explained Mindy. While their gains were around $100,000, they could have excluded up to $500,000 since they were both on the title.

Persons: —, Whitney Ekins, Hutten, Elkins, rehabbing, Carl Jensen, Mindy, they've, There's, Carl, Whitney Elkins Organizations: Service, Business, YouTube Locations: Elkins

☆ The Trump campaign, citing a Microsoft threat report, says it was hacked and blames 'foreign sources'
▼ + stars: | 2024-08-10 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewThe campaign of former President Donald Trump on Saturday said it had been hacked following Politico's receipt of internal campaign documents from an anonymous email account. This story is available exclusively to Business Insider subscribers. So far, Politico has been unable to pinpoint the identity of the person behind the email account or the individual's reasoning for sending the materials to their outlet. Cheung did not disclose to Business Insider whether the campaign had contacted Microsoft or law enforcement officials. AdvertisementThe report did not identify the presidential campaign that was targeted.

Persons: —, Donald Trump, Ohio Sen, JD Vance, Trump, Steven Cheung, Trump's, Cheung, Robert, Vance, Florida Sen, Marco Rubio Organizations: Service, Politico, Republican National Convention, Business, Democratic, Microsoft, Islamic Revolutionary Guard Corps, Trump Locations: Ohio, United States, Iranian, Florida

Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Child tax creditMinnesota's new child tax credit is unusual in its narrowness, but it is the most generous in the nation for low-income households. However, a permanent federal child tax credit expansion could be difficult, particularly amid a divided Congress and increasing concerns over the federal budget deficit. Despite the failed procedural vote, Crapo voiced openness to negotiating a "child tax credit solution that a majority of Republicans can support." Vance was not present for the Senate vote, but has expressed support for the child tax credit.

Persons: Tim Walz, Sen, JD Vance, Walz, Vance, Cowen, Seiberg, Jared Walczak, Mike Crapo, Crapo, Vance's Organizations: Democratic, Minnesota, Republican, Getty, Convention, Senate, U.S, Tax, Republicans, Senate Finance Committee, Democrats, Yale Law School Locations: Harris, Idaho, U.S

☆ In New Zealand, Māori are using Indigenous knowledge to combat climate change
▼ + stars: | 2024-08-10 | by ( Alaa Elassar | ) edition.cnn.com time to read: +18 min

It’s that “interconnectedness” that makes Māori ideal stewards of Aotearoa New Zealand, Parkin-Rae says. Whenua (Land)The work at Oaro River is part of a reforestation and predator control project led by Te Rūnanga o Kaikōura, a Māori tribal council in Kaikōura. Thomas Kahu, left, and Wiremu Stone are both descendants of Paikea the whale rider and work for Whale Watch Kaikōura. A Whale Watch Kaikōura boat full of tourists viewing sperm whales off the coast of South Island, New Zealand. Alaa Elassar/CNN“Incorporating te ao Māori (the Māori world) into our work is valuable to all of Aotearoa.

Persons: , New Zealand CNN — Justin Parkin, Rae, Te Waipounamu, Tamati, ” Wikiriwhi, Parkin, Justin Parkin, Alaa Elassar, Ngāti, Ngāi Tahu, “, ”, –, Te, Rawiri, kawau, toto, ā roto, it’s, ” Parkin, Thomas Kahu, Kahu, Tim Clayton, Corbis, ” Kahu, Māori, Wiremu Stone, Takoko, ” Takoko, ” Rangi, Daniel Gaussen, Aoraki Mackenzie, Sanka, ” Gaussen, CNN Mikey Ratahi, ” Ratahi, Gaussen, ” Kaitiaki, Kaikōura, Elassar, tangata whenua, don’t, it’ll Organizations: , New Zealand CNN, New Zealand, CNN, CNN Aotearoa New Zealand’s Ministry, Environment, Aotearoa New Zealand, Rawiri Manawatu, Manawatu, Aotearoa New, Whale Watch, Aotearoa New Zealand’s Department of Conservation, CNN Whale Watch, Conservation International Aotearoa, Pacific Whale Fund, Ocean Initiative, Aoraki, Sky Reserve, Southern, Sky Resource, University of Canterbury, Ministry Locations: , New Zealand, New, Māori, Aotearoa, Alaa, CNN Aotearoa, Ngāi, Aotearoa New, Oaro, Te Rūnanga, Kaikōura, Rūnanga, ” Moana, Aotearoa New Zealand, South Island , New Zealand, wonderment, Mackenzie, Lake Takapō, Mana, Wai, Zealanders, “

☆ Ukraine is striking targets hundreds of miles inside Russia for 3 key reasons, experts say
▼ + stars: | 2024-08-10 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

While the news grabbed headlines, it was not the first time that Ukraine has reportedly targeted sites deep within Russia. AdvertisementUkraine does not currently have permission to use long-range guided weapons such as the ATACMS to hit such targets inside Russia. While striking targets so far from the frontline may be seen as Ukraine spreading itself rather thinly, such attacks have three key benefits, experts told BI. "Russia has already adapted its air defense posture following previous drone strikes and reportedly has stood up mobile counter-UAS [unmanned aircraft system] teams. Russia's S-400 is one of its most advanced air defense systems.

Persons: —, Mark Cancian, Cancian, Justin Bronk, Moscow's pocketbook, John Hardie, Hardie, hasn't, Bronk Organizations: Service, Business, Ukraine's Security Service, International Security, Centre, Strategic, International Studies, Stringer, Anadolu Agency, Getty, Ukraine, Royal United Services Institute, Russia, Foundation for Defense of Democracies, Bloomberg, Reuters Locations: Ukraine, Russian, Murmansk, Russia, Astrakhan, Bashkortostan, Moscow

LAS VEGAS — At the largest hacker conference in the world this week, some turned out for a rare overtly partisan event: a fundraiser for presumptive Democratic presidential nominee Kamala Harris. Organizers said the “Hackers for Harris” event, held late Thursday afternoon in a convention center bar at DEF CON, brought in more than $150,000 in pledged donations — a small amount compared to Harris’ recent hauls, but the largest political fundraiser in the conference’s 31-year-history. The hackers’ enthusiasm for Harris contrasts with how much a different tech sector, the cryptocurrency industry, has embraced former President Donald Trump. Some of Trump’s allies drastically misrepresented DEF CON’s findings about election cybersecurity in their failed attempts to prove he had actually won the 2020 election. Last year, Rep. Andy Biggs, R-Ariz., introduced a failed amendment to stop paying the salary of a relatively unknown career CISA election cybersecurity official.

Persons: Kamala Harris, Harris, Kemba Walden, Trump, Joe Biden’s, Jake Braun, “, Biden, ” Walden, Hillary, Donald Trump, cryptocurrency, Chris Krebs, Andy Biggs, gutting CISA, Walden, —, unapologetically, ” Organizations: VEGAS, Democratic, DEF CON, Biden, DEF, White, NBC News, POLITICO, Republican, Infrastructure Security Agency, U.S, Heritage Foundation

Leavitt later clarified, "As President Trump said numerous times during the press conference, the questions being asked were difficult to hear. His position on mifepristone remains the same — the Supreme Court unanimously decided on the issue and the matter is settled." Also at Thursday's press conference, Trump was also asked how he planned to vote in Florida’s ballot initiative this fall to expand abortion access. In June, the Supreme Court ruled that the plaintiffs did not have standing to win the case, preserving access nationwide to abortion pills. At the time, RNC spokeswoman Danielle Alvarez said in a statement: "The Supreme Court has unanimously decided 9-0.

Persons: Donald Trump, Trump, Karoline Leavitt, Leavitt, ” Harris, Walz, Julie Chavez Rodriguez, Trump's, Roe, Wade, Danielle Alvarez Organizations: NBC News, Food and Drug Administration, CNN, Trump, NBC, Heritage Foundation, Alliance for Hippocratic Medicine Locations: Lago, Florida, Texas

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

☆ A Google Cloud architect shares the résumé that helped her land the job — and how she prepared for its tough interviews
▼ + stars: | 2024-08-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

That experience with a cloud migration project Sadhwani worked on during her first internship helped her land her first job as a DevOps engineer at Brightspot. After gaining experience in the field for a year and a half, she landed a cloud engineer role at Amazon Web Services (AWS), which she described as a "pivotal moment" in her career. After two years at AWS, a Google Cloud recruiter contacted Sadhwani, who then embarked on its comprehensive interview process. Define your goals and personal brandThe Big Tech job market is competitive, and building a personal brand is important. For Sadhwani, exploring Google Cloud led her to find the perfect role.

Persons: —, Sadhwani, She'd, she's Organizations: Service, University of Maryland, Business, Amazon Web Services, Google, Big Tech

☆ Work Culture at the Gates Foundation: Bill Gates Was Domineering, Inspired Fear
▼ + stars: | 2024-08-09 | by ( Anupreeta Das | ) www.businessinsider.com time to read: +10 min

Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.

Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, —, opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates

☆ The unemployment insurance program is unprepared for a recession, experts say
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the Covid-19 pandemic — if there's another economic downturn, experts say. Unemployment insurance provides temporary income support to laid-off workers, thereby helping prop up consumer spending and the broader U.S. economy during downturns. There's also wide variation among states — which administer the programs — relative to factors like benefit amount, duration and eligibility, according to the report, authored by more than two dozen unemployment insurance experts. Why the unemployment insurance program buckledJoblessness ballooned in the pandemic's early days. Claims for unemployment benefits peaked at more than 6 million in early April 2020, up from roughly 200,000 a week before the pandemic.

Persons: Joe Raedle, Michele Evermore, There's, Andrew Stettner, NASI, Stettner, haven't, Indivar Dutta, Gupta Organizations: Getty, The Century Foundation, U.S . Labor Department's, National Academy of Social Insurance, Labor, Labor Department, Roosevelt Institute Locations: Florida, Sunrise , Florida, U.S

☆ Can This Woman Save the United States?
▼ + stars: | 2024-08-09 | by ( Jesse Pesta | ) www.nytimes.com time to read: +1 min

Susan Gibbs needs to find a new parking spot, fast. And not just any parking spot will do. A ship named the United States that Ms. Gibbs has come to adore. Ms. Gibbs’s grandfather William Francis Gibbs was a famous ship designer, and the United States was his masterwork. Ms. Gibbs, 62, works in Washington at a private foundation where her primary focus is eradicating genital cutting of women.

Persons: Susan Gibbs, Mona Lisa, Gibbs, Gibbs’s, William Francis Gibbs, ” Organizations: Chrysler Locations: United States, Washington

☆ Trump wants to cut taxes on Social Security — but it could threaten benefits, experts say
▼ + stars: | 2024-08-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, U.S., July 31, 2024. Former President Donald Trump this week repeated his plan to eliminate taxes on Social Security benefits for seniors. But the plan could deplete Social Security and Medicare trust funds sooner, policy experts say. More from Personal Finance:Tim Walz cut taxes on Social Security. 'People are stretched'Unemployment insurance program is unprepared for a recession, experts saySome experts have criticized Trump's plan, citing concerns about the federal budget deficit and the solvency of Social Security and Medicare trust funds.

Persons: Donald Trump, Tim Walz, Garrett Watson Organizations: Social Security, Republican, Social, Fox, Finance, Tax Foundation Locations: Harrisburg , Pennsylvania, U.S, Lago, Palm Beach , Florida

☆ Boeing's new outsider CEO Ortberg takes the helm, this time from the factory floor
▼ + stars: | 2024-08-08 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +8 min

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. Boeing's new CEO, Robert "Kelly" Ortberg. Ortberg’s Day 1 activity is walking the floor of Boeing’s factory in Renton, Washington, where it builds its bestselling but problematic 737 Max. The airline’s CEO hinted at the big feat Ortberg has ahead of him. “We look forward to working with Kelly Ortberg in his efforts to return Boeing to its place as the leading American aerospace company,” CEO Bob Jordan said in a written statement.

Persons: Robert “ Kelly ” Ortberg, Robert " Kelly, Ortberg, ”, Rockwell Collins, Richard Aboulafia, ” Ortberg, Boeing’s, Butch Wilmore, Suni Williams, Ron Epstein, “, isn’t, ” Jon Holden, Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Chicago —, Kelly Ortberg, Bob Jordan, —, Michael Sheetz Organizations: Boeing, AFP, Getty, Ortberg’s, National Transportation, Air Force One, NASA, SpaceX, International Space, Airbus, Bank of America, International Association of Machinists, Aerospace Workers, Arlington , Virginia —, ”, Southwest Airlines Locations: U.S, Renton , Washington, Portland , Oregon, “, Washington state, Oregon, Arlington , Virginia, Chicago, Seattle, American

A popular influencer apologized this week for her past racist posts on social media, prompting outrage from some Black creators who say they are tired of white creators constantly having their previous racist behavior unearthed without significant repercussions. Who is changing if this same thing happens like clockwork?” said creator Cameron Kira in a TikTok video, which stitched footage from her own 2023 video in which she addressed a different creator’s racist tweets. Some Black creators also said that they feel white creators who previously posted racist remarks emphasize that they have changed with little evidence to suggest they have. She said it wasn’t until after college that she began to “shift her way of thinking.”In a follow-up video, Schofield said she “missed the mark” in her first attempt and directed her second apology to Black viewers. We get treated like adults.”People online have become desensitized to racism from white creators, according to Barry.

Persons: Brooke Schofield, George Zimmerman’s, Trayvon Martin, Black, I’m, ” Schofield, I’ve, Schofield, Schofield’s, Cameron Kira, Kira —, —, Zari Taylor, ”, ” Taylor, Brooke, they’ll, Taylor, YouTuber Tana Mongeau, it’s, Lie, Mongeau, Kahlen Barry, Vanessa Martinez, George Floyd, Derek Chauvin ., Barry, “, she’s “, i’ve, would’ve, Martin, ” Barry Organizations: New York University, NYU, Martin Foundation, ” Locations: Minneapolis, Mongeau

☆ This $49 million ranch for sale in Colorado is linked to the billionaire Walmart heirs and has a place in rock-n-roll history. Take a look.
▼ + stars: | 2024-08-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

It's also linked to the Walton family — the billionaire heirs to Walmart. AdvertisementThe ranch once had a recording studio that hosted musicians like Stevie Nicks and Billy Joel. Hall and HallIn addition to its ties to the famous family of billionaires, the history of Caribou Ranch also involves some music legends. The Caribou Ranch Recording Studio was even inducted into the Colorado Music Hall of Fame in 2017. Hall and HallThe ranch served as a basecamp for miners during the period, according to Hall and Hall.

Persons: —, Elton John, It's, Walton, Sam Walton, Rob, Jim, Alice, Lukas, Stevie Nicks, Billy Joel, Rod Stewart Organizations: Service, Walmart, Hall, Business, Denver Post, Walton Enterprises, Street Journal, Bloomberg, Boys, Colorado Music Hall of Fame, of, Colorado Locations: Colorado, Nederland , Colorado, Boulder, Denver, Hall Boulder, Arkansas, Caribou, American

☆ Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
▼ + stars: | 2024-08-08 | by ( Allie Kelly | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump said that if he's elected, he'd cut taxes on Social Security benefits for older Americans — but the policy risks shrinking those funds sooner than expected. "People on Social Security are being killed, and one of the things I'm doing is no tax for seniors on Social Security, and I'll get it done quickly." Trump had previously pitched his plan to eliminate taxes on Social Security, writing on his social-media platform Truth Social on July 31: "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" Trump has vowed not to cut Social SecurityTrump has previously taken a strong position on Social Security — one at odds with many members of his own party who have faced criticism from Democrats for calling for Social Security cuts. For example, Trump said in January 2023 that "under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security."

Persons: —, Donald Trump, Trump, Garrett Watson, Trump's, we'll, Social Security Trump, Biden, Kamala Harris Organizations: Service, Social Security, Fox &, Republican, Business, Social, The Tax, Security, Republican National Committee, Democratic, Medicare, Affordable Locations: Illinois

☆ Endowment tax in focus: Here's what to know
▼ + stars: | 2024-08-08 | 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 EmailEndowment tax in focus: Here's what to knowCNBC's Robert Frank, Natasha Sarin, Yale Law School and Yale School of Management professor and former Treasury Department official, and William Trachman, Mountain States Legal Foundation general counsel and former Trump education department appointee, join 'Squawk Box' to discuss JD Vance's plan to tax university endowments, how much revenue the tax would raise, and more.

Persons: CNBC's Robert Frank, Natasha Sarin, William Trachman, JD Organizations: Yale Law School, Yale School of Management, Treasury Department, States Legal Foundation, Trump Locations: States

☆ Archaeologists uncover ancient pot of gold
▼ + stars: | 2024-08-08 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

Researchers discovered the stash in Notion, an 80-acre fortified city that was occupied from about the sixth century BC to the first century AD. “No one ever buries a hoard of coins, especially precious metal coins, without intending to retrieve it. One gold coin would have been the equivalent of a month’s salary for a mercenary soldier, according to the University of Michigan. Those were known as Persian silver sigloi, 20 of which would equate to one gold coin. Because of the gold coin’s high value, “it was far more efficient to store wealth in gold coins than in silver,” he added.

Persons: ”, Christopher Ratté, “, Alexander the, Persian King Darius, Peter van Alfen, ” van Alfen, Ratté, van Alfen, Herodotus Organizations: CNN, University of Michigan, American Numismatic Society, Spartan Locations: Turkey, Persian, Persia

☆ A 68-year-old cofounded a biotech business instead of retiring. He's not getting paid for his work but values staying 'mentally engaged.'
▼ + stars: | 2024-08-08 | by ( John Towfighi | ) www.businessinsider.com time to read: +5 min

Two years ago, when he was 68, that opportunity arose: McCaman cofounded Orion Therapeutics, a small company developing new ways for RNA medicine to reach specific areas of the human body. AdvertisementMcCaman, now 70, is the vice president and chief strategy officer at Orion Therapeutics. McCaman is passionate about staying engaged with his interests and said remote work has enabled him to extend his career. McCaman and Fischer launched Orion with Deidra Mountain, a University of Tennessee professor, and Jennifer Zachry, a graduate student. Are you a baby boomer who founded a small business?

Persons: —, Michael McCaman, McCaman, It's, Davis, Intellia, Trey Fischer, Fischer, Jennifer Zachry, there's, John Deere Organizations: Service, Orion Therapeutics, Business, University of California San, University of California, Intellia Therapeutics, University of Tennessee, Orion, University of Tennessee Research Foundation, Launch Locations: Frederick , Maryland, Knoxville , Tennessee, University of California San Diego, California, Lonza, Maryland, Launch Tennessee

☆ Opinion | Mockery Won’t Increase Fertility
▼ + stars: | 2024-08-08 | by ( David French | ) www.nytimes.com time to read: +1 min

I’m not a natalist for economic reasons — though I do think aging societies can create economic problems. And I agree with my colleague Jessica Grose that there is too much panic among natalists about declining birthrates. Sacrificial love is not exclusive to parents, of course, but it flows naturally from decent people when they have kids. It has more promise as a cultural cause, but even then it is often scolding and even malicious. When JD Vance rants, for example, about “childless cat ladies,” he’s not engaged in a coherent cultural argument.

Persons: I’m, Jessica Grose, JD Vance, ” he’s, Charlie Kirk, ”

☆ Beauty brand Madison Reed bets on women's sports with UConn basketball partnership
▼ + stars: | 2024-08-07 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Paige Bueckers has kicked off her partnership with Madison Reed by going from blond to "sparkling rose." The University of Connecticut has struck a deal with beauty brand Madison Reed in a wide-ranging partnership that includes court-naming rights; name, image and likeness deals; and career development opportunities. Exact terms of the deal were not disclosed, but the partnership is in the multimillion-dollar range, according to Madison Reed. As part of the deal, Madison Reed will sponsor UConn's Gampel Pavilion and XL Center with court-naming rights for the next three years. The sponsorship marks the first female and grad-founded brand to gain court-naming rights at UConn.

Persons: Paige Bueckers, Madison Reed, UConn's, Azzi Fudd, Ice Brady, Morgan Cheli, Amy Errett, Errett Organizations: University of Connecticut, Madison, XL Center, UConn women's, Amazon, Target, Walmart, UConn Foundation, UConn, CNBC

☆ Harris antitrust policy would prioritize business growth and competition, says Maryland Gov. Wes Moore
▼ + stars: | 2024-08-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she wins the presidency in November, Maryland's Democratic Gov. A pro-growth, pro-competition approach to business in a potential Harris administration would mark a striking divergence from the aggressive trust-busting and merger-skeptical principles that have shaped the Biden administration's regulatory agenda. "As the vice president is thinking about a future-facing administration, there are going to be different dynamics that are going to require different philosophies," said Moore. "There will be different sociopolitical and just political dynamics that is going to require a different set, a different lens and a different vision." But his comments could feed the hopes of Wall Street dealmakers who are already optimistic that a potential Harris administration — while firmly rooted in progressive economic traditions — might deprioritize the aggressive antitrust regime that has been a trademark of Biden's presidency.

Persons: Kamala Harris, Wes Moore, Harris, Moore, — Organizations: Maryland's Democratic Gov, Biden, Democratic Party, Citigroup, Deutsche Bank, Robin Hood Foundation, Wall Locations: Baltimore, New York

Here are some of the progressive measures Walz has enacted as governor:Child tax creditMany lower-income Minnesota families can access a state child tax credit, which Walz signed into law last year. Free college tuitionLast year, Walz signed a bill into law that made college tuition free for students from Minnesota families who earn less than $80,000 a year. Walz’s executive order directed state agencies to study the effectiveness of the care and investigate any health organization that denied it. The bill also raised the sales tax in the seven-county Twin Cities metropolitan area by 0.25% to create a permanent funding stream for Minnesota housing programs. Voting rights for ex-felonsLast year, Walz signed a bill into law that restored voting rights to more than 55,000 formerly incarcerated people in Minnesota.

Persons: Biden, Tim Walz, Kamala Harris, Joe Biden, Harris, Walz, ”, Roe, Wade, ” Walz, It’s, –, Walz “, Tim ”, Sandra Feist, “ Organizations: CNN, Minnesota Gov, Democratic, Tax Foundation, Free, North, Minnesota, US, Guttmacher Institute, Universal, US Centers for Disease Control, Income Housing Coalition, Twin, Republicans Locations: Minnesota, Iowa, Twin Cities, Minnesota . Minnesota

☆ Jobs Report Shows the Labor Market Is in Danger, Recession Possible
▼ + stars: | 2024-08-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

The jobs report said the US economy added 114,000 jobs in July, far fewer than the 176,000 jobs that economists expected. The weakness of the jobs report tipped the worry scale and sent markets into meltdown mode. Outside the July jobs report, there were plenty of signs the labor market was cooling off. If that seems confusing, here's the only thing you really need to know: The July jobs report triggered the Sahm rule. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.

Persons: it's, Guy Berger, doesn't, Skanda Amarnath, there's, what's, Claudia Sahm, we're, Amarnath, Alí Bustamante, Bustamante, would've, it'll, Jay Powell, Berger, Emily Stewart Organizations: Federal Reserve, Glass, Labor, Survey, New Century Advisors, Worker Power, Economic Security, Roosevelt Institute, Fed, Business

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