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Gary Gensler Confirmed by Senate to Lead the SEC, Wall Street's Top Regulator
Gary Gensler was confirmed to lead the SEC on Wednesday. He promised to tackle bitcoin regulation, “gamification” of trading and board diversity.
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Biden Will Nominate Robert Santos for Census Chief Job, Would Be First Person of Color in Post
Biden to nominate Robert Santos for Director of the Census Bureau. He would become the first person-of-color if confirmed.
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Gas Tax Is Not Being Considered in Biden's Infrastructure Plan, White House Says
The Biden administration is not considering a hike to the federal gasoline tax as a way to help pay for infrastructure, the White House said Tuesday.
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Violent Riots Have Broken Out in Northern Ireland — Here's Why
Tensions have erupted in Northern Ireland once again, as U.K. and Irish leaders attempt to preserve a long-standing peace deal in the region.
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Biden Has Options Beyond a Corporate Tax Hike to Pay for Infrastructure, as Negotiations Get Underway
As Biden tries to curry favor for a corporate tax hike, the administration has other ways it could fund a $2 trillion infrastructure plan.
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Researchers Identify Five New Cases of ‘Double Mutant' Covid Variant in California
The double-mutant strain contains two key mutations, E484Q and L452R, that have been found separately in other variants but not together in a single strain.
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Debt-Distressed Countries Will Not Be Saved by the IMF's $650 Billion Currency Boost, Economist Says
Economist William Jackson said the IMF plan “won’t prevent the need for debt restructuring in countries where debt trajectories are on unsustainable paths.”
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Hospitals Are Seeing More Young Adults With Severe Covid Symptoms, CDC Says
Hospitals are seeing more and more younger adults in 30s and 40s admitted with severe disease from the coronavirus.
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Jamie Dimon Slams State and Local Tax Repeal as a Benefit to the Rich
The JPMorgan CEO said just five states continue to fight for unlimited state and local tax deductions because those states reap 40% of the benefit.
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Biden Corporate Tax Hike Would Have Little Impact on Business Investment, Wharton Study Says
The Wharton School estimates that Biden’s infrastructure plan would reduce U.S. debt by 6.4% and GDP by 0.8% in 2050.
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Local Bar Opening in Rural Illinois Was Tied to at Least 46 New Covid Cases, CDC Says
The case provides more evidence of how weddings and gatherings at restaurants and nightclubs have the potential to become super-spreading events.
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Myanmar Has Become a Global Flashpoint as Violence Escalates. Here's What to Know
Sanctions appear to inhibit Myanmar junta little as violence increases
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Biden Targets Global Corporations to Fund Landmark Infrastructure Plan
Biden’s plan would bump the corporate tax rate to 28% from 21% and make it less attractive for companies to offshore profits and jobs.
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How Low-Wage Work Could Get Even Worse in a Post-Pandemic Future
It’s not only about the fight for a $15 minimum wage. In a post-pandemic world, the risk of low-wage jobs losses could accelerate.
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Vehicle Mileage Tax Could Be on the Table in Infrastructure Talks, Buttigieg Says
Pete Buttigieg, the Transportation secretary, said a mileage tax could be on the table in infrastructure talks.
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U.S. Sanctions Companies That Back Myanmar Military Following Coup
The Treasury Department has issued new sanctions targeting holding companies that financially support the Myanmar military.
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North Korea Says It Launched New Tactical Guided Missiles in Recent Test
The tests come as Pyongyang ignores invitations from Washington to discuss denuclearization.
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Powell and Yellen Agree Valuations in the Market May Be High, But Aren't Worried About Stability
Treasury Secretary Janet Yellen and Fed Chair Jerome Powell on Tuesday acknowledged that prices in some areas of the market look expensive.
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Cruise and Shipping Industries Could Take a Hit Due to Lack of Covid Vaccines
International Chamber of Shipping warns of global supply chain vulnerability and lack of vaccine availability for crews.
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NCAA Weight Room Discrepancy Shows ‘They Don't Think These Women Are Worth It,' Says Jemele Hill
A Stanford University sports performance coach posted photos to Twitter Thursday revealing inequities between the women’s and men’s weight rooms.