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☆ UAW considering next steps on worries Trump could beat Biden, Reuters reports
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +2 min

Fain and the UAW, which endorsed Biden in January, are important allies of Biden and are expected to play a critical role in helping Biden win in key swing states including Michigan, where the UAW is based. Fain, who announced the UAW's endorsement of Biden in January, has repeatedly rebuked Trump, the Republican former president. "Donald Trump stands against everything we stand for as a society," Fain said in his January endorsement of Biden. Fain also received a mention from Biden at this year's State of the Union address, which Fain attended. On Wednesday, actor George Clooney, a Democrat who has backed Biden, withdrew his support in an opinion piece in the New York Times.

Persons: Shawn Fain, Joe Biden's, Donald Trump, Fain, Biden, Trump, General Motors, Jonah Furman, George Clooney Organizations: United Auto Workers, UAW, Biden, U.S, Ford, General, Stellantis, Republican, Wednesday, AFL, NATO, Detroit, Democratic, Trump, Democrats, Democrat, New York Times Locations: Michigan, U.S, year's State

Lawmakers also said Wednesday that they want to at least temporarily suspend a sales tax exemption on equipment offered to data centers. Burt Jones touts as a way to shore up tax revenue so that Georgia could further cut its income tax rate for all residents and businesses. A study last year by Georgia State University suggested the state saw a return of less than 20 cents on the dollar. However, the credits are transferrable — production companies can sell them to any individual or business with state income tax liability. The data centers tax credit is projected to cost the state $44 million in foregone sales tax revenue this year, according to a 2022 University of Georgia study.

Persons: Shaw Blackmon, “ We’re, Burt Jones, ” Jones, Blackmon, Jon Burns, Georgia Power, Burns Organizations: ATLANTA, — Top, Marvel, Bonaire Republican, Georgia, Lawmakers, Georgia Power Co, Republican, Gov, Georgia State University, Atlanta, Newington Republican, of Georgia Locations: — Top Georgia, Georgia, Peach State, Hollywood, Bonaire

Making the witness stand at his New York civil trial his podium, the former president laid into the presiding judge and the state attorney general who sued him. “He ruled against me without knowing anything about me,” Trump testified. Trump testified that he typically kept $300 million to $400 million in the bank, saying: “I’ve had a lot of cash for a long time." “They were not really documents that the banks paid much attention to,” Trump testified. “It was a sad, very sad thing," Trump testified.

Persons: — Donald Trump, Letitia James ’, ” —, Arthur Engoron, ” Trump, “, Engoron, “ I’m, ” Engoron, Trump, should've, “ I’ve, Allen Weisselberg, You’ve, Weisselberg, he’d, General James, sneered, James “, Kevin Wallace, James ’, ” James, James, ” Organizations: Republican, Trump, Trump Organization, “, New York Locations: York, China, Russia, United States, Manhattan

☆ Italy sees 2023 deficit above target due to home incentives, sources say
▼ + stars: | 2023-09-04 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

ROME, Sept 4 (Reuters) - Italy is preparing to raise its 2023 budget deficit above the target of 4.5% of gross domestic product (GDP) set in April due to the impact of costly fiscal incentives for home improvements, two sources close to the matter told Reuters on Monday. The impact on 2024 budget is still to be assessed and the government could take action again to prevent further deviations from targets, the sources added. He described the Superbonus as a banquet where everyone had a meal and the state was left with the bill. Italy had already hinted in July that it was studying changes to these tax incentives as part of talks with European Union authorities to revamp the country's post-COVID national recovery Plan. The government will update a raft of economic projections by Sept. 27 through the Treasury's Document of economy and finance (DEF).

Persons: Giancarlo Giorgetti, Giorgetti, Lincoln Organizations: Reuters, European Union, Thomson Locations: Italy

☆ Still work to do says Goodell as old problems resurface
▼ + stars: | 2023-02-09 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

Instead, he was grilled about the league's painfully slow progress when it comes to inclusion and diversity, particularly among head coaches. During last year's pre-game address, Goodell acknowledged that the NFL had fallen short when it comes to diversity and inclusion. Another persistent headache for the NFL are concussions, which jumped 18% during the 2022 regular season after three years of decline. The league came under intense criticism for its response to a concussion suffered by Miami Dolphins quarterback Tua Tagovailoa in September. "Anytime we can change the protocols to make it safer for our players we're going to do that," assured Goodell.

☆ Japan warns of dire finances as BOJ struggles to contain yields
▼ + stars: | 2023-01-23 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

It is not unusual for the finance minister to refer to Japan's strained finances. The Ministry of Finance estimates that every 1-percentage-point rise in interest rates would boost debt service by 3.7 trillion yen to 32.5 trillion yen for the 2025/2026 fiscal year. "Overall JGB issuance, including rolling over bonds, remain at an extremely high level worth about 206 trillion yen. We must secure fiscal space under normal circumstances to safeguard trust in Japan and people's livelihood at a time of emergency." LABOUR REFORMPrime Minister Fumio Kishida echoed Suzuki's resolve to revive the economy and tackle fiscal reform.

☆ Supreme Court upholds California ban on flavored tobacco
▼ + stars: | 2022-12-12 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

The Supreme Court on Monday rejected a bid from the tobacco industry to block a California ban on flavored tobacco products. The ban, or Proposition 31, was overwhelmingly approved by voters in November and will prohibit the sale of most flavored tobacco products, including menthol cigarettes. R.J. Reynolds, which sells Newport menthol cigarettes, argued the ban contradicts the Tobacco Control Act of 2009, a federal law that prohibits states from blocking the sale of tobacco products. Some California cities, including Los Angeles and San Diego, have already enacted such bans on flavored tobacco products and menthol cigarettes. Once the statewide law takes effect, California will become the second state in the nation, after Massachusetts, to enact a statewide ban.

☆ The funding environment for female founders in Europe is set to remain equally dire in 2022, new report shows
▼ + stars: | 2022-12-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

The investment landscape for female founders has remained equally dire in 2022, a new report has found. The funding environment for female founders in Europe is set to remain equally dire in 2022, a new report has predicted. AtomicoThere are a number of initiatives and funds targeted towards early-stage startups with women founders. Just 12% of Europe's general partner roles were filled by women in 2021, according to last year's State of European Tech report. The updated report found women founders are "almost just as likely" to begin angel investing as their men counterparts, creating a positive flywheel.

☆ A razor-thin Senate buffer and 2024 chances are at stake in Georgia's runoff next week between Raphael Warnock and Herschel Walker
▼ + stars: | 2022-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Early voting has started for the Georgia Senate runoff between Raphael Warnock and Herschel Walker. A Warnock victory would usher in a 51-49 Democratic majority, while the GOP hopes for a 50-50 split. Georgia Republican Senate nominee Herschel Walker speaks with supporters during a campaign rally in Milton, Ga., on November 21, 2022. Angus King of Maine and Bernie Sanders of Vermont — who caucus with the Democratic Party, creating an equal split in the upper chamber. However, some Republicans would prefer that Trump remain at Mar-a-Lago, worried that he could cost them another Senate win.

☆ Billionaire Ronald Lauder gives $1 million to GOP group supporting state candidates who questioned 2020 election results
▼ + stars: | 2022-10-20 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

A representative for the Republican State Leadership Committee did not return a request for comment. The Concord Fund, which previously spent millions of dollars on ads backing Trump's judicial nominees, gave $1.5 million to the Republican State Leadership Committee in September. The Republican State Leadership Committee is considered a tax exempt politically active group under section 527 of the Internal Revenue Code. The Republican State Leadership Committee is supporting dozens of candidates running to become secretaries of state, lieutenant governors, state legislators and judges on state courts. In this year's state legislative races, the Republican State Leadership Committee has bolstered some candidates who raised doubts about the 2020 election results.

☆ Donald Trump says a simple disclaimer gives him immunity from fraud. Could he have a point?
▼ + stars: | 2022-10-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

The statements were unsealed last week as part of NY AG Letitia James' fraud lawsuit against Trump. Trump told Sean Hannity the disclaimers absolve him of responsibility and the AG has "no case." "We have a disclaimer," Trump told the Fox News host. But Trump told Hannity none of that would matter because each Statement of Financial Condition begins with a warning. The opening paragraphs of the disclaimer for Donald Trump's 2012 Statement of Financial Condition (highlights added).

☆ Ron DeSantis violated state spending law when he spent Florida dollars to fly Venezuelan migrants to Martha's Vineyard, a new lawsuit says
▼ + stars: | 2022-09-23 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

The lawsuit accuses DeSantis of improperly using state funds by picking up migrants in Texas. Last year, the federal government sent 80 flights carrying migrants into Florida, according to Politico. The latest lawsuit, spanning 15 pages, was filed in state court in Leon County, where the state capital of Tallahassee is located. Pizzo filed the lawsuit in his personal capacity as a Florida resident. Pizzo filed his lawsuit against DeSantis, Chief Financial Officer Jimmy Patronis, and Department of Transportation Secretary Jared Perdue.

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