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To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.

Persons: Donald Trump, Trump, —, ” Trump, “, Decker, Matt Priest, ”, Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire

☆ What internet data brokers have on you — and how you can start to get it back
▼ + stars: | 2024-10-11 | by ( Barbara Booth | ) www.cnbc.com time to read: +17 min

Inside data brokers' massive vaultCybersecurity experts estimate that data brokers collect an average of 1,000 data points on each individual with an online presence. Little oversight around data privacyThe lack of comprehensive regulation around data privacy allows data brokers to operate with little oversight, unlike the General Data Protection Regulation (GDPR) in the European Union. Opt-out links and instructions are readily available for most of the major data brokers: ExperianTransUnionLexisNexisEpsilon But data privacy experts says reclaiming or deleting your data from brokers can be a deliberately complex process that is not only time-consuming but frustrating. "With AI, data brokers will create even more detailed and predictive profiles, incorporating everything from biometric data to behavioral tracking," Abed said. Until regulation steps in, data brokers will continue to collect as much data as possible.

Persons: Pew, Arjun Bhatnagar, Roger Grimes, Jeff Chester, Chester, I'm, Bruno Kurtic, Chris Henderson, Chelsea Magnant, Rob Hughes, Kurtic, Cloaked's Bhatnagar, Henderson, Javad Abed, Abed Organizations: Pew Research, Social, LexisNexis, Epsilon, OneRep, Center for Digital Democracy, D.C, Bedrock Security, National Security Agency, CNBC, Data Protection, European Union, NYU's Center for Global Affairs, Brunswick, RSA, U.S, Consumers, Consumer, Engage, Federal Trade Commission, FTC, Johns Hopkins Carey Business School Locations: Washington, California, U.S, Chester

☆ Justice Ketanji Brown Jackson warns of the Oval Office turning into a 'crime center' if Trump gets the sweeping immunity he wants
▼ + stars: | 2024-04-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Justice Ketanji Brown Jackson seemed alarmed about Trump's ask for sweeping immunity for presidents. Jackson wanted to know how future presidents would be disincentivized to commit crimes. She expressed fear it could turn the Oval Office into "the seat of criminal activity in this country." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "I'm trying to understand what the disincentive is from turning the Oval Office into, you know, the seat of criminal activity in this country."

Persons: Ketanji Brown Jackson, Jackson, —, Donald Trump Organizations: Service, Business

☆ Morgan Stanley shares a 5-part playbook for investing in well-run companies while minimizing risk in a top-heavy market
▼ + stars: | 2024-02-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Why rich companies also keep getting richerThere's another major disconnect that the broader market's impressive performance is masking, strategists at Morgan Stanley remarked in a recent note. Since then, the return gap has gotten even worse in a historically narrow market, Wilson wrote. Morgan Stanley"The equity market understands this economy is not that great for the average company or consumer," Wilson wrote. This rare combination of expansionary fiscal policy and restrictive monetary policy has had the unintended consequence of "crowding out the private economy," Wilson wrote. Companies that can grow without borrowing money at unattractive rates are at a huge advantage, which Morgan Stanley believes has fueled their immense success lately.

Persons: Goldman Sachs, Morgan Stanley, Mike Wilson, Wilson, Morgan, it's, Morgan Stanley Morgan Stanley, Morgan Stanley's Organizations: Federal Reserve, Business, Pew Research Center Locations: GoDaddy

☆ 'Social' media is both the cause of — and solution to — our loneliness problem
▼ + stars: | 2024-02-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

The report listed technology as a driver behind our isolation, fear of missing out, conflict, and reduced social interaction. Other drivers of loneliness included social policies, cultural norms, the political environment, and macroeconomic factors. In fact, most research demonstrates that loneliness increases with increased use of technology, especially social media sites." "The response is incredible," Kyle Rand, CEO and cofounder of Rendever, told BI. He added: "The trend to solve loneliness through more technology, when technology has not yet reduced the problem, seems to be going in the wrong direction."

Persons: disincentivized, Dr, Nicole Siegfried, bookending, Josh Greene, Sherita Harkness, Harkness, There's, Kyle Rand, Brooke, I've, Daniel Boscaljon, Siegfried Organizations: Service, Technology, Business, US, Tech, Meta, Behavior, Flow, National Institute, Aging, National Institutes of Health, Inc, Institute, Trauma Locations: Luka, Chicago, Inc

☆ Professors want to 'ChatGPT-proof' assignments, and are returning to paper exams and requesting editing history to curb AI cheating
▼ + stars: | 2023-08-10 | by ( Aaron Mok | Associated Press | ) www.businessinsider.com time to read: +5 min

College professors are looking to "ChatGPT-proof" assignments to curb cheating. Some professors suggest returning to paper exams and asking students to show editing histories. Changes to assignments come as teachers debate the usage of generative AI in the classroom. Some professors suggest students show their work by including their editing history and drafts along with their completed assignments. The changes to school assignments come as teachers grapple with how to best integrate AI tools like ChatGPT into their classrooms.

Persons: OpenAI's ChatGPT, Bonnie MacKellar, MacKellar, William Hart, Davidson, Hart, Krebs, Dave Sayers, Shannon Ahern, Ahern, Insider's Aaron Mok Organizations: St, Johns University, Michigan State University, University of Jyväskylä, Times Higher Education, Butler University Locations: New York, Finland, Indianapolis, Dublin, Ireland

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. It created a temporary toll of 5,000 Saudi riyal (about $1,330) for those driving across the border during the tournament. — Can Elon Musk Make the Math Work on Owning Twitter? (Oct. 30, 2022)4. dotard — one whose faculties are declining, especially as a result of age:North Korea tested a hydrogen bomb and launched intercontinental ballistic missiles. — Here’s What Happens as the Era of Mass Incarceration Winds Down (March 31, 2023)The list of the week’s easiest words:

Persons: riyal, cortado, “, Will, allocator, ”, Chamath Palihapitiya, —, Elon, dotard, Donald J, Trump, ” —, Kim Jong, wangling —, ’, wigwag —, Giles wigwagged, tomtit, Carolina chickadee, Tennessee —, Pierre Tallet, Lehner, enfeeble Organizations: — Doha, Oil, Twitter, South Korean, State Legislature, Scrolls Locations: Saudi Arabia, Yemen, Qatar, Riyadh —, Saudi, Doha, North Korea, “, Carolina, North Carolina, Indiana, — Connecticut, Iowa , New Jersey, Tennessee

☆ The oil market faces the risk of a major shock as high interest rates cause traders to dump inventories
▼ + stars: | 2023-07-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Oil inventories are falling as high interest rates make the price of storage costly, top analyst Amrita Sen wrote. That could expose the oil market to a major shock, she warned in the Financial Times. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year. Higher rates have forced traders to pay more in financing to hold onto oil-storage consignments. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year," she said.

Persons: Amrita Sen, Buckle, —, Sen, today's backwardation, destocking Organizations: Financial Times, Service, Federal Reserve, Strategic Petroleum Reserve Locations: Asia

☆ Morgan Stanley's chief US economist now says home prices are likely to drop only 2% in 2023. Here's why she thinks the housing downturn is virtually over.
▼ + stars: | 2023-06-17 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Morgan Stanley's Ellen Zentner says housing activity has bottomed. After a huge drop off in activity, demand is starting to stabilize. Yardeni ResearchThe pickup in activity has likely been due to housing affordability stabilizing. Zentner's view that the housing market is stabilizing is a big contributing factor to her call for a soft-landing scenario, where the US economy avoids a recession. But nevertheless, housing activity has bottomed, and that's probably the most important pillar to a soft-landing."

Persons: Morgan, Ellen Zentner, Morgan Stanley's Ellen Zentner, Zentner, that's, Goldman Sachs, Jonathan Woloshin, Suisse's Ray Farris, Ian Shepherdson, undershoots, David Rosenberg Organizations: National Association of, National Association of Homebuilders, UBS Wealth Management, Rosenberg Locations: Zentner

☆ China's state-run banks cut deposit rates to stimulate sluggish economic growth
▼ + stars: | 2023-06-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Six Chinese state-run banks cut their deposit rates, Bloomberg reported. On Thursday, institutions such as Industrial & Commercial Bank, Agricultural Bank of China, and Bank of China lowered rates by 15 basis points for three-year and five-year deposits and by 10 basis points for two-year rates, Bloomberg reported. Additionally, on-demand deposit rates dropped by 5 basis points, falling to their lowest level since 1996, The Financial Times said. By lowering deposit rates, banks can expect reduced costs, leading towards diminished lending rates. But according to Bloomberg, expectations are rising of further policy changes that may incite economic growth.

Persons: — Organizations: Bloomberg, Service, Commercial Bank, Agricultural Bank of China, Bank of, Financial Times, FT Locations: China, Bank of China

☆ Supreme Court justices aren't 'the 9 greatest experts on the internet,' Elena Kagan said as they heard a major tech case
▼ + stars: | 2023-02-21 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

Section 230 provides tech companies with legal immunity over the content shared on their sites. "We're a court," Justice Elena Kagan said during more than two-and-a-half hours of oral arguments on the major tech case. The family argued that Google should be held liable for its platform, YouTube, recommending ISIS videos to its interested users. Both Republicans and Democrats have attacked the provision, saying tech companies should be subject to some accountability for how they run their platforms. Despite the justices' skepticism, however, some of them did question the broad legal immunity granted to tech companies during arguments on Tuesday.

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