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World

The super rich at Davos are scared of Alexandria Ocasio-Cortez’s tax proposal targeting the…

Joe Mcdermott Jan 22, 2019
DAVOS, Switzerland – The elite financiers attending the World Economic Forum are worried about the 70 percent tax rate on earnings above $10 million proposed by freshman Rep. Alexandria Ocasio-Cortez, D-N.Y. "It's scary," Scott Minerd,…
World

PayPal, Mastercard execs see a ‘huge opportunity’ for tech giants to partner with major…

Joe Mcdermott Jan 22, 2019
Technology firms entering the financial services space shouldn't be afraid of partnering with the biggest players in the industry, according to two executives. Executives from PayPal and MasterCard said Tuesday that they see partnerships…
Politics

Senate Democrat, Sheldon Whitehouse, Calls for Investigation of GOP “Collusion” To…

Chuck Ross Jan 22, 2019
WASHINGTON - A Democrat on the Senate Judiciary Committee is calling for an investigation of House Republicans he claims have colluded with the Trump White House to derail special counsel Robert Mueller’s Russia probe. Democratic…
World

John Kerry slams Trump on Paris climate accord exit: ‘It’s going to cost lives’

Joe Mcdermott Jan 22, 2019
Former Secretary of State John Kerry launched a stunning rebuke of President Donald Trump's policies on Tuesday, saying his decision to withdraw from the Paris climate agreement will "cost lives." "People will die because of the…
World

Nuclear instability at levels not seen since Cuban Missile Crisis, says former US ambassador

Joe Mcdermott Jan 22, 2019
The risk of a global nuclear arms race has risen to a level not seen since the aftermath of the Cuban Missile Crisis of 1962, according to a former U.S. ambassador to Russia. In October, President Donald Trump announced the U.S. will end…
World

President Bolsonaro touts ‘new Brazil’ in Davos, says country will become more…

Joe Mcdermott Jan 22, 2019
Brazil's newly-elected populist President Jair Bolsonaro addressed the world's business elite in Davos on Tuesday, vowing to transform Latin America's largest economy into a more investment-friendly country. On his first international trip…
U.S. News

Stock market bulls get a do-over after last year’s volatile ride

Joe Mcdermott Jan 22, 2019
Stocks are up an awful lot in a big hurry. The S&P 500 has jumped more than 13 percent in 17 trading days to recover more than half its roughly 20-percent fourth-quarter collapse. Also, the market is down a bunch: The S&P is off…
U.S. News

Here’s how to get your New Year’s financial resolutions back on track

Joe Mcdermott Jan 22, 2019
Whether it was an unexpected expense or an impulse purchase, chances are you've slacked off on your resolution to save more and spend less. That's OK. Most people typically give up on their financial resolutions six weeks into the new…
U.S. News

Amid the government shutdown, here are the best and worst ways to borrow money

Joe Mcdermott Jan 22, 2019
Amid the longest federal shutdown in history, hundreds of thousands of federal workers are furloughed or working without pay. But few can get by without income, considering that over three-quarters of all full-time workers are living…
World

Russia is still occupying 20% of our country, Georgia’s prime minister says

Joe Mcdermott Jan 22, 2019
Russia's territorial conflict with Ukraine has grabbed much more media attention in recent years but the country's presence in, and support of, breakaway regions of Abkhazia and South Ossetia in Georgia continues to plague the nation, the…
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