Jump to content

  • Welcome To Our Community

    The most creative and intelligent people on planet Earth hang out on this forum. Be ready to have your points of view challenged and refined.

    We also want others to share your posts to ALL the social media outlets not just our own.

    You need to be registered and logged in to get full access and to add content yourself. 

     

Sign in to follow this  
  • entries
    11
  • comments
    7
  • views
    1,368

About this blog

"Watching the World"

Entries in this blog

 

Sears

just raised $100 million and is working to refinance more than $1 billion in debt. The parent of Kmart and Sears is also pursuing an additional $200 million in funding and plans to shave off $200 million in costs. If those efforts aren’t successful, says CEO Eddie Lampert, the company is willing to explore “all other options” to strengthen its balance sheet. One of numerous brick-and-mortar retailers hit by the “retailpocalypse,” Sears closed multiple stores in 2017 and announced even more just last week

TheWorldNewsOrg

TheWorldNewsOrg

 

Walmart goes to 11

Walmart is raising its minimum wage to $11 and expanding benefits in the wake of US tax reform. The bump, which begins next month, comes on top of wage increases already planned. Employees will also see expanded maternity and parental leave benefits, and some eligible workers will get a one-time $1,000 bonus. Other companies — including JetBlue, Waste Management, and Bank of America — have made similar announcements since the December passage of the $1.5 trillion tax overhaul. 

TheWorldNewsOrg

TheWorldNewsOrg

 

Kohl's has a new plan to fight Walmart

Department store Kohl’s will join forces with grocery and convenience stores to fill empty space in its stores, CNBC reports. Roughly 300 stores have been “right-sized” over the past few years, meaning they were made operationally smaller. Kohl hopes bringing in grocers or other retailers could generate more foot traffic. It would also help it compete against the likes of Target and Walmart.

TheWorldNewsOrg

TheWorldNewsOrg

 

Big Brother Employer

Orwell’s 1984 is becoming ever more fact than fiction. An increasing number of companies are using devices to track their employees’ movements and conversations. The Financial Times’ Pilita Clark met with Ben Waber, chief executive of Humanyze, which claims it can boost company revenue by tracking what employees actually do all day. Waber’s devices hang around people’s necks and feature microphones and sensors, which clock where they are and who they’re talking to (although not what they’re saying). But that’s not the strangest employee-tracking gadget Clark’s come across. “Other companies are developing smart office chairs that know if you are sitting on them … which adds a whole new meaning to the idea of the bottom line.”

TheWorldNewsOrg

TheWorldNewsOrg

 

Mortgage Deduction Changes In the New Tax Cut and Jobs Act

We’re suckers for that classic fantasy of the American dream. White picket fence, an immaculate lawn that resembles the outfield at Fenway Park…and most of all, a house to call your own.  But the GOP’s tax plan tosses that dream a curveball by decreasing the amount by which you can take the mortgage interest deduction. “That means nothing to me”—you Not yet, it doesn’t. But hear us out.  For over a century, the U.S. allowed its citizens to write-off the interest you pay on a mortgage from your taxable income. Let’s take a closer look at how this works (warning—some math lies ahead): After a down payment, you took out a loan on a stunning 3 BR in Iowa City for $400,000 at a 5% interest rate. So, you’ll be paying *crunches numbers in head* $20,000 a year in interest. Pretty steep, but the neighborhood does have a jivamukti yoga studio.  You’ve also got a solid job writing emails for about $70,000 a year. What this tax break allows you to do is subtract the $20k in interest from that income. When all is said and done, you save $5,000 a year in taxes just for owning a home. Enough math for one morning, back to the tax bill The existing U.S. laws permit you to deduct interest from the first $1 million of your mortgage. Now, that’ll be lowered to $750,000. And since the new bill doubles the standard deduction (a lump sum), you might choose to go that route instead of itemizing each deduction individually (the only way you can take the mortgage interest deduction).  It’s enough of a change that Zillow estimates the deduction makes sense for only 14.4% of U.S. homes, a steep drop from 44% currently.  Which is pretty upsetting to the real estate community. The National Association of Realtors warns that house prices will sag under slack demand for expensive houses, and a study backs them up: under the new policy, home prices will decrease 4% by mid-2019...and up to 10% in the most expensive markets. After all, convincing someone to buy a house (a big one, in this case) is a lot easier if you can put more cash back into her pocket.  

TheWorldNewsOrg

TheWorldNewsOrg

 

The world’s ten most popular tax havens

All places with a decidedly Anglo-Saxon profile. In order (based on the number of offshore companies incorporated by Mossack Fonseca), they are the British Virgin Islands (BVI), Panama, Bahamas, Seychelles (a former British Crown Colony), Niue (a South Pacific Island with historic ties to New Zealand), Samoa, British Anguilla, Nevada, Hong Kong and the United Kingdom itself. Of these, the BVI is home to (by far) the largest number of havens. Panama runs a strong second. It’s a reminder that as massive as the Panama Papers are, they represent just one bank in the vast offshoring industry.

TheWorldNewsOrg

TheWorldNewsOrg

 

Panama Papers

The newspapers releasing this information leak say the 'next shoe to drop' will be HUGE.  Some are speculating that this could greatly influence the 2016 US Presidential Elections. I'll post more news links soon in World News for sure and would love to hear your thoughts on some of the hypocrisy being exposed.

TheWorldNewsOrg

TheWorldNewsOrg

Sign in to follow this  



×

Important Information

Terms of Service Confirmation