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☆ Generative AI is booming in the legal industry. Here's an exclusive look at the pitch deck Robin AI used to raise $26 million from investors like Singapore's Temasek.
▼ + stars: | 2024-01-10 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Robin AI, recently closed its Series B funding round, which Singapore investment company Temasek led. Headquartered in London, Robin uses Anthropic's latest large language model, Claude 2.1, and offers an "AI co-pilot" to help lawyers draft and revise contracts. The startup raised a $10.5 million Series A in January 2023 and a $2.5 million seed round in 2021. Although funding for legal tech startups fell in 2023, according to Crunchbase, a handful of startups have raised new rounds of cash. Check out the eight-slide pitch deck Robin used to raise its $26 million Series B funding round.

Persons: Robin, Claude 2.1, Richard Robinson, Robinson, Darrow Organizations: Business, Temasek, AFG Partners, Google Locations: Singapore, London, what's, Asia

☆ Supreme Court Hears Biggest Tax Case in Decades
▼ + stars: | 2023-12-05 | by ( Richard Rubin | Jess Bravin | ) www.wsj.com time to read: 1 min

The Supreme Court doesn’t take many cases about the scope of federal taxing power. Photo: shawn thew/ShutterstockWASHINGTON—The Supreme Court’s oral arguments in a closely watched case Tuesday could signal whether the justices intend to rein in Congress’ power to tax income. The case, Moore v. U.S., stems from one piece of the 2017 tax law regarding accumulated overseas earnings of foreign corporations. But conservative groups are hoping the justices will reach much further and issue a ruling that could prohibit any future tax on billionaires’ wealth and unrealized capital gains.

Persons: shawn thew, WASHINGTON —, Moore Organizations: WASHINGTON Locations: .

☆ Supreme Court Wary of Remaking Income Tax
▼ + stars: | 2023-12-05 | by ( Jess Bravin | Richard Rubin | ) www.wsj.com time to read: 1 min

The Supreme Court doesn’t take many cases about the scope of federal taxing power. Photo: Shawn Thew/ShutterstockWASHINGTON—The Supreme Court looked unlikely to impose strict new limits on Congress’s power to tax income, with some conservative and liberal justices alike signaling wariness about upending long-settled principles of the federal tax code. Tuesday’s arguments involved a relatively small payment required by a one-time charge under the 2017 tax overhaul. Challengers are seeking a ruling limiting income that can be taxed to money “realized” by taxpayers—that is, cash they receive or in some fashion control, as opposed to a mere increase in the value of their holdings.

Persons: Shawn Thew, WASHINGTON —, “ Organizations: WASHINGTON

☆ United Nations warns of Gaza destruction and ‘blatant disregard for basic humanity’ in Israel-Hamas war
▼ + stars: | 2023-12-05 | by ( Caitlin Stephen Hu | Richard Roth | ) edition.cnn.com time to read: +7 min

Israel has been intensifying its aerial bombardment of southern Gaza in pursuit of Palestinian militant group Hamas and said over the weekend that it will expand ground operations to the whole of the territory. United Nations Secretary General Antonio Guterres on Monday appealed to the IDF to spare civilians from more suffering. Scores of wounded people could be seen being taken from rubble and to hospitals in southern Gaza throughout Monday in footage. “They told us to leave Gaza, there’s a war in Gaza, so we left (the north) and came here to the south just like they asked. The Hamas-controlled Ministry of Health in Gaza also accused the Israeli military of targeting Kamal Adwan hospital in a statement late Monday.

Persons: ”, Martin Griffiths, “, General Antonio Guterres, Jonathan Conricus, Khan Younis, we’ve, ” Ibrahim Esbeitan, Salah Al, Mohammed Salem, Philippe Lazzarini, Lazzarini, Nasser Hospital, James Elder, ” Elder, Kamal Adwan, Anas Al, Sharif, CNN’s Tamar Michaelis, Lauren Kent, Lina El Wardani, Abeer Salman, Kareem Khadder Organizations: CNN, United, “, Hamas, . United Nations, UN, Israel Defense Forces, Reuters, Nasser Hospital, United Nations Relief, Works Agency for Palestine Refugees, US Administration, Health, World Health Organization, WHO, Nasser, UNICEF, of Health, IDF Locations: United Nations, Gaza, Israel, “, Khan, there’s, Rafah, Egypt, Territories, Kamal

The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, Vladimir Putin’s, Henry Kissinger, Rosalynn Carter, Jimmy Carter, Silvio Berlusconi, Dianne Feinstein, James Buckley, James Abourezk, Nigel Lawson, Pervez Musharraf, Sandra Day O’Connor, Li Keqiang, Martti Ahtisaari, United Nations Bill Richardson, Gov, Sheila Oliver, Theodoros Pangalos, Tina Turner, Ike Turner, Suzanne Somers, Matthew Perry, Raquel Welch, Richard Belzer, Chaim Topol, Jacklyn Zeman, Lance Reddick, Alan Arkin, Paul Reubens, David McCallum, Richard Roundtree, Tom Sizemore, Jimmy Buffett, Sinéad O’Connor, Rita Lee Jones, Burt Bacharach, David Crosby, Fito Olivares, Ryuichi Sakamoto, Astrud Gilberto, Coco Lee, Tony Bennett, Harry Belafonte, Cormac McCarthy, William Friedkin, Bob Barker, Jerry Springer, Louise Glück, Jeff Beck, Mary Quant, Kaija Saariaho, Lloyd Morrisett, Fred White, Maurice, Verdine White, Ken Block, Walter Cunningham, Fay Weldon, ” Jan, Russell Pearce, Charles Simic, Lynette “ Diamond ” Hardaway, Donald Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, ”, San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, “, Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, Jacqueline Gold, Britain’s Ann Summers, John Wick ”, John Jenrette, Juana La, Willis Reed, Darcelle, Paul O’Grady, Lily Savage, Emperor ”, Hedda Kleinfeld Schachter, Margaret Thatcher, Ben Ferencz, Nuremberg, Elisabeth Kopp, Michael Lerner, Jack Lipnick, “ Barton Fink, Bugsy Calhoun, Anne Perry, Thomas Pitt, William Monk, Al Jaffee, magazine’s, Charles Stanley, Richard Riordan, Todd Haimes, Tony Awards, Barry Humphries, Tony, Dame Edna Everage, Len Goodman, Carolyn Bryant Donham, Emmett Till, LeRoy “ Lee ” Carhart, Larry “, ___ Gordon Lightfoot, Tori Bowie, Vida, Grace Bumbry, Rock ”, Ovelha, Denny Crum, Heather Armstrong, Bobbie Spencer, Rolf Harris, Kenneth Anger, Doyle Brunson, Jim Brown, Timothy Keller, Andy Rourke, Ray Stevenson, Thor ”, Ed Ames, George Maharis, Carroll Cooley, Miranda, John Beasley, Kaija, George Winston, Ipanema ”, Robert Hanssen, Richard Snyder, Simon & Schuster, Françoise Gilot, Pablo Picasso —, Pat Robertson, Theodore “ Ted ” Kaczynski, Roger Payne, Treat Williams, Glenda Jackson, Daniel Ellsberg, Richard Nixon, Big, George Frazier, Lee Sarokin, Rubin “, ” Carter, Winnie Ewing, Sheldon Harnick, Jerry Bock, “ Fiorello, John Goodenough, Peg Yorkin, Sue Johanson, Yan Mingfu, John Berylson, James Lewis, poisonings, Mikala Jones, André Watts, Jane Birkin, Kevin Mitnick, San Francisco ”, Frank Sinatra, Lady Gaga, Hugh “ Sonny ” Carter Jr, Jimmy, Randy Meisner, Herman, Angus Cloud, Fezco, ” O’Neill, ___, Mark Margolis, Hector Salamanca, Saul, Sixto Rodriguez, flamed, Robbie Robertson, Tom Jones, Magoo, Timbaland, Aaliyah, Missy Elliott, Clarence Avant, Quincy Jones, Bill Withers, Ada Deer, Jerry Moss, Herb Alpert, Alpert, Michael Parkinson, Muhammad Ali, Miss Piggy, Jiri Cerny, Betty Tyson, Richard Nixon’s, John Warnock, Ron Cephas Jones, Howard Hubbard, Samuel “ Joe ” Wurzelbacher, Joe, Barack Obama, Gil Brandt, Tom Landry, Tex Schramm, Bill Richardson, Steve Harwell, Shabtai Shavit, Jordan, Ian Wilmut, Dolly, Prince Mangosuthu Buthelezi, Roy Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United Nations, Greek Foreign, Republican, Hong, Boston Celtics, NBA, NBC, CBS, Television, Fame, Chicago Blackhawks, ”, New, of Fame, Louis Cardinals, “, Palestinian, Israel, South Dakota Democrat, Arab, Arab American U.S, Britain’s, Commons, . Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, “, African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, ”, California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire

☆ One Supreme Court Case Could Mess Up Chunks of the Tax Code
▼ + stars: | 2023-12-03 | by ( Richard Rubin | Jess Bravin | ) www.wsj.com time to read: 1 min

A sweeping ruling by the Supreme Court could upend many rules affecting partnerships, multinational companies and bond investors. Photo: mandel ngan/Agence France-Presse/Getty ImagesWASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t.

Persons: mandel ngan, Moore Organizations: Agence France, Getty, WASHINGTON Locations: Moore v .

See Personal Finance Insider's roundup of the best tax software >>How does New York tax income? Nonresidents and part-year residents may have a New York income tax liability depending on their living situation and how much they earn. New York income tax ratesIf your New York adjusted gross income was less than $107,650, the tables below would be used to calculate your state tax liability for 2022. New York state tax rates FAQsWhat is the New York state income tax rate for 2023? What are the New York state tax brackets for 2023?

Persons: —, Zaher Dehni, Eric Bronnenkant, Dehni Organizations: Service, Finance, state's Department of Taxation, New, Department of Taxation, Tax Foundation, New York, Excelsior Jobs, Tax Locations: New York, California, New, York, , New York, New York City, Yonkers, Nonresidents, Chevron

U.S. officials, after learning about the plot in late July, demanded that India investigate, a senior administration official said. High-level meetings and pledges of closer cooperation have continued, with Biden's secretaries of state and defense visiting Delhi this month. A senior U.S. administration official called the assassination plot a "serious matter" and said Washington expects India to stop such activities, even as the Biden administration pursues "an ambitious agenda to expand our cooperation" with India. Biden has made a priority of nurturing ties with India, hoping to counter China’s ambitions in Asia while drawing India away from Russia as the U.S. seeks to isolate Moscow over its invasion of Ukraine. "Both the U.S. and India realize that they need each other, perhaps the U.S. a bit more than India."

Persons: Elizabeth Frantz, Nikhil Gupta, Joe Biden, Narendra Modi, Biden, Modi, Lisa Curtis, Hardeep Singh Nijjar, Canada’s, Happymon Jacob, Richard Rossow, Ashley Tellis, David Brunnstrom, Simon Lewis, Krishn Kaushik, Jonathan Landay, Trevor Hunnicutt, Don Durfee, Gerry Doyle Organizations: Eisenhower, White, REUTERS, Rights, Federal, New, New York City, Indian, White House, CIA, Washington, South, National Security Council, Canada, Jawaharlal Nehru University, Washington's Center, Strategic, International Studies, Biden Administration, Carnegie Endowment, International, U.S, Thomson Locations: United States, India, Washington , U.S, U.S, China, Manhattan, New York, New Delhi, Delhi, The U.S, Central Asia, Asia, Russia, Moscow, Ukraine, York, Canada, Vancouver suburb, Gujarat

☆ IRS Court Win Paves Way for Higher Taxes on Hedge-Fund Managers
▼ + stars: | 2023-11-30 | by ( Richard Rubin | Peter Rudegeair | ) www.wsj.com time to read: 1 min

The IRS has challenged investment funds over who qualifies for an exception that limited partners get from federal self-employment taxes. Photo: Ting Shen for the Wall Street JournalThe Internal Revenue Service scored a significant win over the hedge-fund and asset-management industries this week in a case that could bring higher taxes for many fund managers. The U.S. Tax Court’s ruling could require managers to pay self-employment taxes of more than 3% on much of their income. If the opinion survives additional legal battles and is applied broadly, it would close off a popular technique that lets them exclude millions of dollars in income from self-employment taxes and related levies that others must pay.

Persons: Ting Shen Organizations: IRS, Wall Street, Internal Revenue Service, U.S, Tax

☆ Martha Stewart defends Dolly Parton's Dallas Cowboys cheerleader uniform: 'You can dress any way you goddamn please'
▼ + stars: | 2023-11-30 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +4 min

Dolly Parton wore a Dallas Cowboys cheerleader uniform during a recent Commanders and Cowboys game. AdvertisementDolly Parton made headlines on Thanksgiving Day when she performed in a Dallas Cowboys cheerleader uniform at The Salvation Army's Red Kettle Kickoff Halftime Show. Parton performs during halftime in the game between the Washington Commanders and the Dallas Cowboys on November 23, 2023 in Arlington, Texas. Advertisement"If you look like Dolly Parton, you can dress any way you goddamn please, she's fabulous," she added. "I don't feel my age, I don't work my age, I don't think my age, and hopefully, I don't look my age!"

Persons: Dolly Parton, Parton, wasn't, Martha Stewart, Dolly's, —, Martha Stewart —, Dunkin, Richard Rodriguez, Stewart, Stewart doesn't, Lexie Moreland, Whoopi Goldberg, Parton's, Goldberg, DOLLY PARTON, Blue Ivy, Hostin, Stella Parton, Dolly, — Stella Parton, Parton hasn't, I've Organizations: Dallas Cowboys, Cowboys, Service, Twitter, Business, Washington, Getty Locations: Arlington , Texas, Parton's

☆ How Jewish People Built the American Theater
▼ + stars: | 2023-11-29 | by ( Jesse Green | ) www.nytimes.com time to read: +46 min

Let Us Tell You A Story How Jewish people built the American theater as we know it. The theater, which for many Jews was a major way of becoming American in the first place, seems unable to acknowledge that the danger that American Jews face is not just historical, and not just onstage. (Both of Adler’s parents were Yiddish theater stars — her father, Jacob Adler, was a renowned Shylock in 1903.) Embedding their own observation and experience within Stanislavsky’s, along with the best of Yiddish theater and a generous dollop of Freud, they converted the American theater to Judaism. Sara Krulwich/The New York TimesThe Jewish contribution to the creation of the American theater was built on the acknowledgment of a larger humanity alive within each of us, available to some, with natural empathy and rigorous training.

Persons: Glocca, “, Lerner, Loewe, ”, Isidore Hochberg, Burton Lane, né Burton Levy, William Goldman, “ Killybegs, Sammy Davis Jr, Julie Andrews, Connie Francis, Rosemary Clooney, Tommy Dorsey, Davis, —, Arthur Miller’s “, joyously, Jason Schmidt, Christine Jones, Miller, I’ve, Marilyn Monroe, Robert Brustein, Neil Simon’s, ” Cynthia Ozick, Sholom, Philip Roth, Simon, Leonard Bernstein, Matt Nadel, Bradley, Bernstein, “ Maestro, Shylock, William Shakespeare’s “, Venice ”, Shakespeare, Christopher Marlowe’s, Farah Karim, Cooper, Bard ”, “ Merchant, Tom Stoppard’s, Sara Krulwich, Ansky’s, Stella Adler, Bessie Berger, Clifford Odets’s, Arthur Miller, Elia Kazan, Francis Joseph Bruguière, Billy Rose, Eugene Smith, Roth, Arthur Schnitzler, Juliet Stevenson, Ruth Wolff, Lorraine Hansberry’s, Sidney’s, Alex Edelman’s “, Leo Frank, Bernard B, Frank, Mandy Patinkin, James Lapine, Stephen Sondheim’s, George, Martha Swope, outspokenness, creatives, Oscar Isaac, Sidney, “ Sidney Brustein, Isaac, Stevenson, Robert Icke, Roman Catholic Cooper, Rachel Brosnahan, Maisel, Joan Rivers —, Brosnahan, Sidney Brustein’s, Alec Guinness, Fagin, “ Oliver Twist, I’m, Micaela Diamond, Ben Platt, Lucille, Alfred Uhry, Jason Robert Brown’s, Rivers, Wolff, Robert, Republic ”, isn’t, LEE Strasberg, Konstantin Stanislavsky’s, Fyodor Ivanovich, Strasberg, Israel Strassberg, Zalmon, Srulke, Joseph Stein, Sheldon Harnick, Jerry Bock’s “, Bette Midler, Jackie Hoffman, Photofest Stanislavsky, Theater’s, Isaac Butler, Stanislavsky, Harold Clurman, George Bernard Shaw, Henrik Ibsen, Clurman, Adler, Jacob Adler, Freud, Rebecca Naomi Jones, Ruthie Rivkin, Jerome Weidman, Harold Rome’s “, John Weidman, disown Strasberg, Sanford Meisner, Bobby Lewis, né, Marlon Brando, James Dean, Meisner, Robert Duvall, Lewis, Meryl Streep, Clifford Odets, Jacob Garfinkle, Jules Garfield, Odets, Sam Feinschreiber, Garfield, Ralph Berger, wasn’t, John, Tovah Feldshuh, Golda Meir, William Gibson’s, Aaron Epstein, exigencies, Bessie, Feinschreiber —, loveless, William Fox, Louis B, Mayer, Jack Warner, Marjorie Morningstar ”, Morgenstern, Marjorie, Natalie Wood, Anne Frank ”, Millie Perkins, Audrey Hepburn, Susan Strasberg —, Ibsen, Sholom Aleichem, August Wilson, Daveed Diggs, Thomas Jefferson, Lin, Manuel Miranda’s “ Hamilton ”, Adrian Lester, Emanuel Lehman —, Barbra Streisand, Marmelstein, George Silk, Miller’s, Sophie Okonedo, Elizabeth Proctor, Ben Whishaw, John Proctor, Jan Versweyveld, Don’t, — Bernstein, Stoppard, Schnitzler, Jeanine Tesori, Tony Kushner’s “ Caroline, Sharon D Clarke, Adam Makké, Noah Gellman, Leo, Stoppard —, Hermine, ” Leo Frank, there’s, Matthew Broderick, Eugene Jerome, it’s, Edelman’s, Queens bigots, David Yosef Shimon ben Elazar Reuven Alexander Halevi Edelman, Woody Allen, Joshua Harmon’s, — George Gershwin, Jerome Kern, Richard Rodgers, Porgy, Bess ”, Barns, Alex Edelman, Paula Vogel, Harvey Fierstein, Jordan Taylor Fuller, — that’s, Wendell Pierce, Friedman, Jacobs, Hirschfeld, Gershwin, Rodgers, PAULA VOGEL, BRANDON URANOWITZ, DAVID CROMER, MICAELA DIAMOND, TONY KUSHNER, Diamond, Monica Rich Kosann, Marco Bicego, JESSE EISENBERG, MATTHEW BRODERICK, AMY HERZOG, LESLIE RODRIGUEZ KRITZER, JOEL GREY, Herzog, Michael Kors, Kritzer, Marco, HARVEY FIERSTEIN, LIEV SCHREIBER, ETHAN SLATER, IDINA MENZEL, TINA LANDAU Organizations: Broadway, Broadway’s Lyceum, “, of Venice, New York Times, Defamation League, New York Public Library, Performing, Vandamm, Billy, Billy Rose Theatre Division, Performing Arts, New, Jacobs, Empire State, Nazi, Goyim Defense, The New York Public Library, Roman Catholic, New York City, Street, Moscow Art, Group, Hollywood, Disney, Everett, The New York Times, Philadelphia, Brit, Times Locations: Poland, American, kilts, E.Y, Harburg, Kilkerry, Kildare, Philadelphia, New York, Polish, Massachusetts, Vichy, Biloxi, Venice, Malta, of, ”, Germany, playgoers, Sweden, England, United States, Pittsburgh, Nazi, Brustein’s, Greenwich, Georgia, Gutenberg, “, Atlanta, Republic, New, Konstantin Stanislavsky’s Moscow, Russian, America, Moscow, Stanislavsky’s, Clurman, Eastern Europe, Czech, Austrian, Auschwitz, Heini, Southern, Brighton, Rivers, French Republic, “ Brigadoon

☆ What is the federal funds rate?
▼ + stars: | 2023-11-28 | by ( Karen Fernandez | Richard Richtmyer | ) www.businessinsider.com time to read: +8 min

Set by the Federal Reserve, the federal funds rate is the interest banks charge each other to borrow money overnight. The federal funds rate (or fed funds rate, for short) is only used between banks. The federal funds rate is an interbank interest rate. Federal funds rate FAQsWhat happens when the federal funds rate is high? Is the federal funds rate the same as the prime rate?

Persons: — Organizations: Federal Reserve, Service, Federal, Finance, Fed, Market, Fed's, Governors, Federal Reserve Bank

☆ IRS Delays Tax Deadlines Set by Congress. It Could Cost $8 Billion.
▼ + stars: | 2023-11-23 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Identity protection and cybersecurity service Norton 360 with LifeLock Select is 61% off. Discounts are also available for Norton 360 Standard, Norton 360 Deluxe, and Norton Antivirus Plus. Norton 360 with LifeLock select Black Friday dealsNorton's LifeLock is one of the leading brands in identity theft protection. Its identity theft protection features include credit monitoring from Equifax, identity theft insurance, and US-based identity restoration specialists. See Personal Finance Insider's picks for the best identity theft protection services >>

Persons: Norton, Norton's, It's, Finance Insider's Organizations: Norton, LifeLock, Finance

☆ IRS Delays Tax Rule for Online Sellers—Again
▼ + stars: | 2023-11-21 | by ( Ashlea Ebeling | Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS again postponed enforcement of a law requiring e-commerce platforms like eBay to send the agency information about users earning more than $600 in revenue a year. Photo Illustration: Budrul Chukrut/SOPA Images/Getty ImagesThe Internal Revenue Service offered a surprise paperwork reprieve to millions of Americans as tax-filing season nears, delaying a new requirement affecting people who sell stuff on eBay , resell concert tickets, and use payment processors such as Venmo. For the second straight year, the IRS postponed enforcement of a law that requires those e-commerce and payment platforms to send the agency information about many users who receive more than $600 in revenue a year.

Persons: Budrul Chukrut Organizations: IRS, eBay, Internal Revenue Service

CNN —The UN Security Council has approved a resolution calling for “humanitarian pauses and corridors” in war-torn Gaza, a long-awaited diplomatic breakthrough after weeks of bitter negotiations. He also criticized its lack of condemnation for the deaths of civilians and humanitarian workers. Wednesday’s vote was the Security Council’s fifth attempt to pass a resolution on Israel’s war with Hamas, which controls Gaza. “We knew that there are countries, the P5 (the permanent members of the Security Council: the US, UK, China, France and Russia) always have what they call the red lines. But the vote in that body is nonbinding, unlike a mandatory Security Council vote.

Persons: Joe Biden, Benjamin Netanyahu, “, ”, Lior, “ Israel, ” “ Israel, Riyad Monsour, França Danese, Lana Nusseibeh, Antonio Guterres, Martin Griffiths, Volker Türk Organizations: CNN, UN Security, United Nations, Israeli, Palestinian, Hamas, Arab, Israeli Ministry of Foreign Affairs, Security Council, International, Committee, UN, Security, Palestinian Ministry of Health, UAE, Star, Health Ministry, Human Rights, United Nations General Assembly Locations: Gaza, United States, United Kingdom, Russia, Israel, Gaza’s, Malta, China, UK, France, Ramallah, Pleas

Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011. “While the statement by Moody’s maintains the United States’ AAA rating, we disagree with the shift to a negative outlook. The sharp rise in Treasury yields "has increased pre-existing pressure on US debt affordability," Moody's said. “Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits," hardline Republican Representative Andy Harris said on X, formerly known as Twitter.

Persons: Shannon Stapleton, Joe Biden's, Fitch, Moody's, Karine Jean, Pierre, Moody’s, Wally Adeyemo, Adeyemo, Biden, Quincy Krosby, Donald Trump, Mike Johnson, “ Moody’s, Andy Harris, ”, Richard Rohan Francis, Davide Barbuscia, Andrea Shalal, David Morgan, Caroline Valetkevitch, Ira Iosebashvili, Megan Davies, Shilpi Majumdar, Shounak Dasgupta, David Gregorio, Chris Reese Organizations: REUTERS, . House, U.S ., Aaa, White, Republican, States ’ AAA, Treasury, Reserve, LPL, New York Times, Republicans, Democratic, Thomson Locations: New York City, U.S, WASHINGTON, American, Siena, Nevada , Georgia, Arizona , Michigan, Pennsylvania, Trump, Wisconsin

☆ IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit
▼ + stars: | 2023-11-09 | by ( Richard Rubin | Ruth Simon | ) www.wsj.com time to read: 1 min

An IRS memo is the latest sign of the agency’s tough line in audits of the employee retention credit, or ERC. Photo: stefani reynolds/Agence France-Presse/Getty ImagesA lot of federal money is riding on what counts as a government order, and the Internal Revenue Service and tax firms are preparing for legal fights about that crucial definition. Employers can claim a pandemic-era tax credit worth up to $26,000 per worker if a government order fully or partially suspended their operations. Some employers and tax advisers say they can rely on Occupational Safety and Health Administration guidelines encouraging ventilation, physical distancing and other measures.

Persons: stefani reynolds Organizations: ERC, Agence France, Internal Revenue Service, Safety, Health

Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9.

Persons: António Guterres, ”, Israel, Tamara Alrifai, Emily Callahan, Khan Younis, “, Mahmud Hams, Mohammed Abed, Leo Correa, Amir Cohen, Mohammed Alaloul, Majdi, Fatima Shbair, Alexi J . Rosenfeld, Khan, Mustafa Hassona, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Shir Torem, Salman Habaka, Ariel Schalit, Ibraheem Abu Mustafa, Yuval Zilber, Ronen Zvulun, Hatem Ali, Jalaa Merey, Ahmad Salem, Ali Jadallah, Atef Safadi, Abed Zagout, Fadel Senna, Anas al, Yosef Vahav, Kiryat Shmona, Jalaa Marey, Albert Miles, Bernat, Abed Rahim Khatib, Ilan Rosenberg, Ashraf Amra, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Benjamin Netanyahu, Yoav Gallant, Ammar Awad, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Ahmad Hasaballah, Jack Guez, Sagiv Ben Zvi, Evelyn Hockstein, Omar El, Mohammed Salem, Amir Levy, Yasser Qudih, Tsafrir, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Mohammed Dahman, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mahmoud Khaled, Samar Abu, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, Robert Wood, Lana Zaki Nusseibeh, it’s, Guterres, Gilad Erdan Organizations: CNN, United Nations, UN, Hamas, UN Relief and Works Agency for Palestine Refugees, Training, Getty, Reuters, AP, Israel Defence Forces handout, Israel Defense Forces, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, Palestinian, Al, Najjar, IDF, EyePress, New York Times, Israeli, Getty Images, Nasser Medical Hospital, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, West Bank, Rockets, Reuters Police, Reuters Rockets, UN Security, US, Security, United Arab Emirates, Security Council, ABC News Locations: Gaza, New York, Israel, Egypt, East, American, Khan Younis, AFP, Rafah, Jerusalem's, City, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Anadolu, Tel Aviv, Ashkelon, Al, Gaza City, Haifa, Yanuh Jat, Netaim, Jerusalem, Israeli, Golan Heights, Lebanon, Sderot, Shareef, Beit Guvrin, Reuters Israeli, Kiryat, Al Aqsa, Deir Al, Balah, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir al, Kibbutz Kissufim, Zahra City, Europe, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Cyprus, Kfar Saba, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Kfar Aza, Mount Herzel, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, “ Israel, United Kingdom, UAE, China, “

☆ GOP Ties Israel Aid to IRS Cuts, Renewing Fight Over Tax Agency
▼ + stars: | 2023-11-03 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS and Democrats have emphasized that the tax agency’s additional funding is helping ordinary taxpayers. Photo: Ting Shen for the Wall Street JournalWASHINGTON—For everything, there is a season. Last winter, House Republicans kicked off their majority by trying to repeal almost all of the $80 billion that Congress gave the IRS in 2022 to improve technology and enforcement. This spring, in a debt-ceiling deal, Republicans got President Biden to agree that the IRS should give back $21.4 billion. House Republicans included even more IRS cuts in this summer’s spending bills for government agencies, and lawmakers are still arguing about those proposals.

Persons: Ting Shen, Biden Organizations: IRS, Wall Street Journal WASHINGTON, Internal Revenue Service, Republicans

☆ IRS Wins $109 Million Court Case, Defeats ‘Project Soy’ Tax Maneuver
▼ + stars: | 2023-11-02 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The Internal Revenue Service has become more willing to argue that some corporate transactions are purely tax-motivated. Photo: Ting Shen for the Wall Street JournalThe Internal Revenue Service won a $109 million victory in federal court this week that will help the tax agency combat aggressive corporate tax maneuvers and collect more money from other companies. The IRS defeated telecommunications company Liberty Global , which used a maneuver it dubbed “Project Soy” to exploit a gap in the 2017 tax law and was seeking a refund.

Persons: Ting Shen Organizations: Internal Revenue Service, Wall Street, IRS, Liberty Global

☆ Americans Can Stick More Cash in Their 401(k)s Next Year, Thanks to Inflation
▼ + stars: | 2023-11-01 | by ( Richard Rubin | ) www.wsj.com time to read: 1 min

The IRS also raised the limit on contributions to an individual retirement account by $500 to $7,000. Photo: STEFANI REYNOLDS/Agence France-Presse/Getty ImagesWASHINGTON—Most workers will be able to put up to $23,000 into their 401(k)s and similar workplace retirement plans in 2024, up $500 from this year, the IRS said Wednesday. The tax agency announced the inflation-adjusted limits for retirement plans, following formulas set out in the law.

Persons: STEFANI REYNOLDS Organizations: IRS, Agence France, Getty, WASHINGTON

☆ What to Know About the GOP Probe Into Payments Between Joe Biden and His Brother
▼ + stars: | 2023-11-01 | by ( Annie Linskey | Richard Rubin | ) www.wsj.com time to read: 1 min

Joe Biden and his brother James in 2008 at the Democratic National Convention in Denver. Photo: Rick Friedman/Corbis/Getty ImagesWASHINGTON—House Republicans leading an impeachment inquiry into President Biden are scrutinizing payments between him and his brother as part of a broader probe into the Biden family businesses and whether the president has personally benefited from them. The Republican staff of the House Oversight and Accountability Committee subpoenaed financial records that show in two cases—between his tenures as vice president and president—Joe Biden received funds directly from his brother James. The president and his allies say they represent the repayment of loans Joe Biden made to help out his brother. Financial records also indicate the checks represent a loan repayment.

Persons: Joe Biden, James, Rick Friedman, Biden, — Joe Biden Organizations: Democratic National Convention, Getty, WASHINGTON —, Republicans, Republican Locations: Denver

Bryant West was halfway through high school in Pascagoula, Mississippi, when he dropped out in 2020. But in every state reporting high school graduation rates by gender, research shows female students graduate at higher rates. “I was lashing out because I wasn’t OK,” said Nichols, who ended up leaving high school after ninth grade. Still, the urban district posted a 10-point graduation gender gap in 2022 (84%-74%) and an 11-point gap (84%-73%) in 2021. The graduation gender gap “is harder to explain than some of the other disparities we see,” PRB’s Jarosz said.

Persons: —, Bryant West, ”, Beth Jarosz, Jarosz, Richard Reeves, Reeves, Edwin Quezada, Quezada, “, Benjamin Nichols ’, Nichols, Barack Obama, Jeffrey Hammond, Hammond, PRB’s Jarosz, it’s Organizations: Brookings Institution, American Institute for Boys, “, ”, American, Associated Press, Carnegie Corporation of New, AP Locations: BUFFALO, N.Y, Pascagoula , Mississippi, Popeye’s, “, U.S, Yonkers , New York, Buffalo, Yonkers, Carnegie Corporation of New York

☆ At least 6 Trump co-defendants in Georgia election interference case have talked plea deals, and the list most likely won't include Rudy Giuliani
▼ + stars: | 2023-10-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

So far, four people have accepted plea deals, including Jenna Ellis and Sidney Powell. The details of the plea deals were not disclosed. A Fulton County grand jury indicted Trump and 18 co-defendants in mid-August under the state's Racketeer Influenced and Corrupt Organizations (RICO) Act. AdvertisementAdvertisement"That could very well be the case but not necessarily," Melissa Redmon, a former deputy district attorney at the Fulton County District Attorney's Office told Insider. So far, Redmon noted, the co-defendants who have accepted plea deals have gotten a dismissal or reduction of charges.

Persons: Donald Trump, Jenna Ellis, Sidney Powell, Rudy Giuliani, —, Donald Trump's, Robert Cheeley, Misty Hampton, Micahel Roman, Richard Rice, Rice, Trump, Kenneth Chesebro, Scott, Fani Willis, Melissa Redmon, Redmon, Powell, Trump's, Giuliani, Ted Goodman Organizations: CNN, Service, Trump, White House, Cheeley, Fulton, Attorney's Office, Attorney's, White Locations: Georgia, state's, Fulton County , Georgia, Hampton, Fulton County's, Fulton County, Fulton

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