The recent tax bill signed into law has some surprising twists for private colleges. While big names like Princeton, MIT, and Harvard will see higher taxes on their endowment earnings, smaller schools with significant wealth are getting a break. This shift comes from a change in the rules that now exempts schools with fewer than 3, 000 students from the endowment tax...
Remote work has become a permanent fixture in many people's lives. Unlike what some predicted, it didn't disappear after the pandemic. Instead, it settled into a steady rhythm, becoming a regular part of the workweek for countless individuals. Let's dive into the details. On average, college-educated workers are dedicating about one day a week to remote work. This p...
Wisconsin's child care providers are facing a tough situation. The state's new budget is almost ready, but not everyone is happy with it. Some child care centers say they need more help than what's being offered. The budget has set aside $330 million for child care over the next two years. But providers say this might not be enough to fix the problems they're facing...
A grand celebration concluded in Venice, marking the union of a tech mogul and a media personality. The festivities, spanning three days, attracted numerous high-profile attendees, including tech entrepreneurs, actors, athletes, and royalty. The final evening's party took place in a historic shipyard, capping off an extravagant event estimated to have cost tens of mi...
The clock is ticking on trade negotiations, and the US economy might feel the heat soon. With just over a week left before the 90-day pause on "Liberation Day" tariffs ends, the White House is scrambling to finalize deals. But with only two agreements signed and many more to go, the July 9 deadline seems far-fetched. President Trump has been talking big about trade ...
Canadian businesses are struggling with the constant changes in U. S. tariffs, which have made planning for the future nearly impossible. Wes Love, who runs Taurus Craco in the Toronto area, knows this all too well. His company imports machinery and sends it to the U. S. , but Trump's tariffs have caused major headaches. Just earlier this year, a shipment that crosse...
China made big changes to how taxes are shared between local and national governments. This put a lot of pressure on local budgets. So, what happened to school funding when money got tight? Researchers looked at what happened after a big tax reform in 2002. They found that counties hit hardest by the changes spent less on education. This didn't happen right away. It...
Some Federal Reserve officials are now echoing President Trump's calls for lower interest rates. Michelle Bowman, a key Fed official, recently suggested that the central bank should consider cutting rates soon to support the job market. She believes that if inflation stays under control, a rate cut could happen as early as the next Fed meeting. Bowman isn't alone in...
Reform UK has a new idea. They want to let non-doms, people who live in the UK but have a home abroad for taxes, pay a big fee. This fee is £250, 000. In return, they won't pay some UK taxes. This includes taxes on money made abroad, capital gains, and inheritance tax. The money from these fees would go to the lowest-paid workers. Reform UK thinks this could bring i...
Tariffs have been a hot topic, leaving many wondering what will happen next. One smart economist has an interesting idea. They think Trump might have a clever plan up his sleeve. This plan could keep tariffs at a reasonable level. It would give countries time to open up their economies. This way, everyone can adjust to the new trade rules without too much trouble. T...