The contentious tax overhaul is beginning to deliver a change that many will welcome — bigger paychecks. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS, which dictate how much employers withhold from pay for federal taxes. Those whose checks have… Read More
Hawaii ‘princess’ fights to hold control of her fortune
Every day, tourists flock to a downtown Honolulu palace for a glimpse of the way Hawaii’s royal family lived, marveling at its gilded furniture, lavish throne room and grand staircase made from prized koa wood. But few know Iolani Palace — America’s only royal residence — has relied in part… Read More
Bread riots a daily reality in socialist Venezuela
The saddest part of watching the Venezuelan economy collapse under another failed socialist experiment is the total predictability of the situation. Under communism, everyone ends up equal — because everyone ends up with nothing. What do doctors do when they have stiff, achy joints? [sponsored] The cab of Carlos Del… Read More
Secret Service warns of ATM attacks (Here’s how to stay alert…)
The Secret Service is warning financial institutions about a type of cyberattack known as jackpotting. Secret Service officials say the crime involves installing malicious software or hardware at ATMs that force the machines to release large quantities of cash on demand. They say criminals have been able to find vulnerabilities… Read More
Puerto Ricans fear foreclosure as moratoriums begin expiring
Aylsa Torres sighed in relief when she received a letter from her bank two weeks after Hurricane Maria hit. She was among the hundreds of thousands of Puerto Ricans awarded a three-month moratorium on their mortgage payments as the U.S. territory reeled from the storm’s destruction. Believing she was temporarily… Read More
Citing Trump’s leadership, Apple announces billions of investments and thousands of new jobs
Apple is planning to build a new corporate campus and hire 20,000 U.S. workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated $245 billion back to its home country. The pledge announced Wednesday comes less than a month… Read More
Dow Jones hits 26,000 milestone for first time ever
Gains by health care companies helped lift U.S. stocks higher in afternoon trading as investors sized up the latest company earnings and deal news. The gains briefly sent the Dow Jones industrial average past the 26,000-point threshold for the first time on Tuesday as fourth quarter earnings season got off… Read More
Trump takes back taxpayer cash from corrupt UN organization
The Trump administration is preparing to withhold tens of millions of dollars from the U.N. agency for Palestinian refugees, which critics have complained is notoriously corrupt. The U.S. will be cutting the year’s first contribution by more than half or perhaps entirely, and making additional donations contingent on major changes… Read More
Citing Trump, Wal-mart boosts salaries for hourly workers (jaw dropping!)
Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, handing out one-time cash bonuses to those who don’t benefit from the pay hike and expanding its maternity and parental leave benefits. The company said the moves that will affect more than… Read More
Trump puts an end to Obama’s “War on Coal”
In the early days of the Trump administration, the head of one of America’s largest coal companies sent a four-page “action plan” to the White House calling for rollbacks of Obama-era environmental and mine safety regulations. “We have listed our suggested actions in order of priority,” Robert “Bob” Murray, the… Read More
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