WSJ
Donations Aid Mayor on Taxes
Mayor Bloomberg boasted earlier this year that he pays the "highest personal income tax rate," but records released Friday show the rate he cites doesn't include the effect of any charitable deductions—and the mayor is one of the nation's most generous philanthropists.
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THE GLOBE AND MAIL
Canadian dividend and income equity funds: Leaders and laggards
Funds owned Astral Media, which was acquired by BCE, and Viterra Inc., which was bought by Glencore
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Reuters
May consumer sentiment highest in more than four years
NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.
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Huffington Post
IRS Prepares To Take More From Private Equity Chiefs Like Mitt Romney, Report Says
Uncle Sam seems to be gearing up to take more tax dollars from Mitt Romney and his brothers in the private-equity fraternity.The Internal Revenue Service is preparing rules and guidelines in the event that "carried interest" -- the money private-equity firms pay current and former executives like Romney every year, if the firms do well -- gets taxed like regular income, Reuters reports.Many peo...
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Slashdot
Higher Hard Drive Prices Are the New Normal
An anonymous reader tips an article looking at the state of HDD pricing now that the market has had time to recover from the flooding in Thailand and a round of consolidation among manufacturers. Prices have certainly declined from the high they reached during the flooding, but they've stabilized a bit higher than they were beforehand. Quoting:
"Are things going to change any time soon? We doub...
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FT
US consumers most positive in four years
Consumer sentiment was the strongest in more than four years as Americans were more upbeat about jobs and income growth amid easing petrol prices
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Reuters
May consumer sentiment highest in more than 4 years
NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.
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siliconindia
MakeMyTrip Q4 Net Income up at $2.95 million
Online travel firm MakeMyTrip Ltd posted a near three-fold increase in its net income for the fourth quarter ended March 31, 2012 at $2.95 million, compared to the corresponding period last fiscal.
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Huffington Post
Frank A. Weil: Well Informed Versus Ill Informed
Too much inequality for too long a time can lead to corrosive relationships between parts of society that are inevitably interdependent and which need to work together smoothly to make our whole system work properly.
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Reuters
Apple CEO gives up $75 million in dividend income
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.
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Domain Shane
Daily SitePicks: Wednesday’s Hot List of Websites Up For Auction Around the Net
Each day I take a look through Flippa and other sites that have websites for sale and try and drill down the names that I present an opportunity for long term income or a flip. There are a ton of websites for sale but I’ve tried to rule out the sites made in the last few weeks or no verification of stated numbers. Like any purchase that you make, make sure to do your own homework before buying....
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Times of India
MakeMyTrip Q4 income up at $2.95m
Online travel firm MakeMyTrip Ltd today posted a near three-fold increase in its net income for the fourth quarter ended March 31, 2012 at USD 2.95 million, compared to the corresponding period last fiscal.
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National Post
Tories' sweeping EI crackdown to target repeat benefit claimants
Canadians receiving EI benefits could be forced to commute up to an hour to their workplace and accept jobs with wages ranging between 70% and 90% of their previous income, under new EI reforms announced Thursday
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politico
'Those of us who?ve spent time in the real world ...'
The Obama campaign has tried in a number of ways to define Mitt Romney as a guy who's out of touch with the reality most Americans experience, and at a campaign event in Denver last night the president trotted out this Mitt-just-doesn't-get-it line:
There was a woman in Iowa who shared her story of financial struggles, and he gave her an answer right out of an economic textbook. He said, "Ou...
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Telegraph
Pensioner debt worries intensify
A third of older people say the income from their pensions and savings is enough.
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Telegraph
Dozens of civil servants paid £1,000 a day under secret arrangements to avoid tax
More than 70 civil servants are paid at least £1,000 a day under secretive arrangements that potentially allowed them to avoid income tax, ministers have disclosed.
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New York Times
Hewlett-Packard Earnings Drop; 27,000 Layoffs Set
Finding it hard to keep up with radical shifts to new modes of computing, the technology company reported sharply lower net income and confirmed a plan to pare its work force.
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AP
Rio issues land titles to slum residents
RIO DE JANEIRO (AP) -- The home Jose Nazare Braga built in the Rocinha shantytown is his life's work, an investment that grew from a shack to a three-story building over 30 years. A restaurant and a paper-goods store on the ground floor provide income, and his children, grandchildren and great-grandchildren live above....
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China Daily
Fishermen rush to harvest kelp
Putian city's kelp farming area is over 6 million mu this year, and it is the main source of income for local fishermen.
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physorg
Economic power of self-employment felt countywide
People in rural counties who work for themselves may add a boost to local economies, improving income and job growth, according to economists.
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Daily Mail
Danny Alexander reveals 2,400 senior civil servants have worked 'off payroll' to avoid millions in tax (and dozens have done it for at least a decade)
A Treasury investigation shows huge numbers of senior civil servants are channelling their pay through private companies to pay the corporation tax rate at 20% rather than higher rates of income tax.
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ElPais
Net inequality
The poor will be more victimized through the web than those who have the means to protect themselves
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China Daily
New plan to reduce income inequality
A new income-distribution framework is set for approval to redress the growing gap between rich and poor, government officials said.
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Irish Times
Farm incomes rise one-third in a year
FARMERS HAD record levels of income in 2011, a new survey shows, but the increases are unlikely to be sustained this year.
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Reuters
Raymond James to keep bond business in Memphis
ORLANDO, Fla., May 22 (Reuters) - Raymond James Financial
will keep its fixed income and private client business in
Memphis, the hometown of its recently purchased Morgan Keegan
brokerage, the...
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Foreign Policy
Bear in a China Shop - By Arthur Kroeber
It's not the booming economy that's about to burst -- it's bigger than that. Social discontent and, yes, income inequality could rip China apart at the seams.
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Hindustan Times
This will hurt: Petrol, diesel LPG hikes soon
Get ready for a petrol price hike this week followed by an increase in diesel prices along with restrictions on the use of subsidised LPG by higher income groups early next month.
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Telegraph
George Lucas in planning row over Skywalker Ranch
George Lucas, the creator of Star Wars, is embroiled in a bitter planning row over plans to sell off land near his "Skywalker Ranch" for low income housing.
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Barrons
Get Paid While Urban Outfitters Is Remodeled
Sell calls or puts to earn income while new management tries to revive the retailer.
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Daily Mail
Young drivers spend 18% of salary on car insurance
A large chunk of young workers' income is going on their £2,500 a year car insurance, with many left with no choice as they need to drive to work.
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NEWS.au.com
Australia is 'happiest' industralised nation
AUSTRALIA is living up to its nickname of 'the lucky country,' with a new survey marking it as the happiest industrialized nation in the world based on criteria such as jobs, income and health.
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WSJ
Australia: The Happiest Country
Australia is living up to its nickname of "the lucky country," with a new survey marking it as the happiest industrialized nation in the world based on criteria such as jobs, income and health.
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Irish Times
Later State pension may mean income gap for many workers
The Government plans to postpone the age at which employees get their State pension. But labour force participation by the over-65s is only about 9%, and firms have been slow to react to the change, writes FIONA REDDAN
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Times of India
Panel suggests limits on cash holding, income tax clearance for property deals
A high-level panel headed by the Central Board of Direct Taxes (CBDT) chief has suggested limits on cash held by individuals besides mandating a no-objection certificate from the tax department on immovable property transactions.
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amNY
City's income inequality gap double the U.S. average, Liu says
The gap between the city's 1% and the rest of New Yorkers is more than double the national average, according to a new report released Monday.
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AP
Campbell's profit slips as soup sales remain cold
CAMDEN, N.J. (AP) -- Campbell Soup Co. is still struggling to heat up its lukewarm soup sales, with net income slipping by 5 percent in its fiscal third quarter even as the company spent more on marketing....
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TechCrunch
Facebook Shares Fall Below $38, Slipping More Than 4% In Pre-Market Trading
Facebook shares dipped as much as 4.4 percent in pre-market trading today and are now below their final $38 price in the company's highly anticipated initial public offering last week. Today is an interesting test for Facebook's worth because the company's shares will no longer be supported by the IPO's lead underwriter Morgan Stanley. To save face, the bank had to step in to make sure that Fac...
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Telegraph
55pc pension cut for drawdown investors
Some pensioners face sudden falls of up to 55pc in their income because they decided not to buy an annuity when they cashed in their pension pot.
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BBC
VIDEO: Life on 400 euros a month in Greece
A farmer tells the BBC his income has fallen from 4,000 euros a month to just over 400.
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BBC
Single 30% income tax rate urged
A single 30% rate of income tax is needed in order to boost growth in the UK, according to a report by a campaign group and business leaders.
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The Guardian
Extend austerity measures to allow for major tax cuts, chancellor told
TaxPayers' Alliance urges George Osborne to maintain spending cuts until 2020 then usher in 30% single-rate income taxGeorge Osborne should prolong the coalition's spending cuts by an extra five years to allow for dramatic tax reductions, with a single rate of income tax set at 30%, according to a report by one of Downing Street's favourite thinktanks.The TaxPayers' Alliance, whose director Mat...
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The Nation
PPP, PML-N criticised
OKARA - The son of deceased MNA and religious scholar Maulana Moeen Uddin Lakhvi, Dr Zaeem Uddin Abid has said that both the PML-N and PPP have busy looting the public kitty - the former in the name of laptop distribution while the later in the name of Benazir Income Support Programme.
Both the party are in tacit agreement as they have the same agenda of public exploitation and looting of ...
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Times of India
Special I-T unit to handle BCCI-IPL tax cases
The Income Tax department has created a special audit team to bring together the scattered assessment and investigation proceedings of the BCCI and the IPL spread across the country.
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Mashable
Will Facebook Reduce Taxes By Going International?
Facebook co-founder Eduardo Saverin has been the target of public wrath after announcing he would be renouncing his U.S. citizenship and moving…
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Washington Post
How the Facebook IPO and U2’s Bono explain income inequality
Last night, I hosted “The Rachel Maddow Show.” The full show is here. But I’m particularly proud of this segment looking at how Facebook’s IPO and U2’s Bono explain the shocking rise in income inequality:
Read full article >>
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Barrons
Changing Their Stripes
With investors willing to pay up for stocks that generate income, more companies—even prison operators—are considering becoming real-estate investment trusts.
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Washington Post
Energy Department cuts payments to 4 federal lab workers
Four high-ranking federal lab workers found a way to turn “per diem” funds for a temporary assignment into a steady flow of extra income — at taxpayers’ expense. The overpayments, discovered in an inspector general’s audit, boosted the annual pay of some of the employees by as much as $64,000.
Read full article >>
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New York Times
Maryhill Museum of Art, With Revenue From the Wind
Financed partly by income from wind turbines, an addition is helping the rural Maryhill Museum of Art in Washington State attract new visitors — and survive.
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The Lancet
[Correspondence] Tackling NCDs: a different approach is needed – Authors' reply
We thank Robert Beaglehole, Ruth Bonita, and Sally Casswell for their reflections. We agree that smoking and an unhealthy diet are essential components of the discussion on non-communicable diseases (NCDs) that are often overlooked. To these environmental factors, we want to add social determinants—in particular, inequities in education and income. All these determinants must be addressed along...
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Pravda
Students in Chile take to the streets
In Chile, the system repeats the educational and social inequalities of income distribution. More than 100,000 Chilean students were mobilized to protest a broad education reform and tax. Young people marched through several streets of the capital and various regions, repeating the scenario that brought down the popularity of President.
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Gizmodo
The One Place That Needs More Censorship [Video]
This week's Internet-based teapot tempest swirled around the venerable TED talks, which were accused by one presenter of censoring his talk because he spoke truth to power and talked about income inequality. More »
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New York Times
Economix Blog: The Great Gatsby Curve, for the States
A back-of-the-envelope attempt to look at the relationship between income inequality and economic mobility in the 50 states.
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BnAmericas
Telecommunications - Chile - Digital TV seen more as threat than opportunity for lower income sectors
Digital TV is more of a threat than an opportunity for Chile's lower socioeconomic status (SES) populations, market research firm Adimark GfK president Roberto Méndez told BNamericas.
Chile is expe...
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China Daily
People first tax structure
We have to reform the taxation structure that has been constraining the expansion of middle-income earners, implement structural tax reduction and tilt income distribution in favor of ordinary people.
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THE GLOBE AND MAIL
Switch back to PST lifts political millstone from Liberals' neck
British Columbians will pay higher income taxes and low earners will lose quarterly HST rebate cheques
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White House
Message to the Senate from the President Regarding a Tax Convention
TO THE SENATE OF THE UNITED STATES:
I transmit herewith, for the advice and consent of the Senate to its ratification, the Protocol Amending the Convention on Mutual Administrative Assistance in Tax Matters, done at Paris on May 27, 2010 (the "proposed Protocol"), which was signed by the United States on May 27, 2010. The existing Convention on Mutual Administrative Assistance in Tax Matter...
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Telegraph
Manchester United sponsorship increase eases revenue drop from failed Champions League campaign
A rise in Manchester United's commercial revenues helped mitigate a slump in matchday and media income due to club's failure to progress in Champions League last season.
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Daily Mail
Manchester United sponsorship boost cushions blow of Champions League nightmare
A surge in Manchester United's commercial revenues helped cushion the blow of a drop in matchday and media income due to the club's failure to progress in the Champions League and FA Cup last season.
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THE GLOBE AND MAIL
Boomers have a stake in Gen Y's success
Its economic logic, stupid. To sell your house, you need buyers. To be a buyer you need income. To have income, you need meaningful employment
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AP
Obama calls on Congress to help small businesses
WASHINGTON (AP) -- President Barack Obama says Congress could help sustain the economy's "momentum" by passing legislation that would give businesses a 10 percent income tax credit if they create new jobs or increase wages this year....
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BoingBoing
Alt Cartoonist Receives High Praise from Establishment
Stereotypes abound of the political cartoonists found in so-called alternative papers: the weeklies full of escort ads in the back and snarky commentary in the front. Matt Bors, on the surface, seems to embody the characteristics. He's scruffy, doesn't own a suit, and lives in Portland. He expresses withering contempt at politicians, mainstream media, and [...]
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Reuters
Analysis: State income up in April, but may not be enough
(Reuters) - Personal income tax collections in states in April might have grown an average of more than 7 percent, but for some the increase may not be enough to ease budget crises.
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FT
Rising costs cut Petrobras profits
Brazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits
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Los Angeles Times
Will California voters support Jerry Brown's calls for new taxes?
Is California ready for a new round of taxes?
In releasing a revised budget with major cuts, Gov. Jerry Brown is hoping voter will give the state some breathing room by raising taxes in November.Brown warned that the deficit -- now at an estimated $16 billion -- could grow significantly if voters reject his proposed ballot measure to raise the state sales tax and income levies on the wealth...
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Fortune
Google's Android profits: '40% of a little is a lot less'
An eye-opening comparison of Android's income statement with Apple's
FORTUNE -- As part of an extended look at what he calls Google's (GOOG) "Android economics," Asymco's Horace Dediu on Monday published what may be the first independent estimate of the company's Android income statement.
As the chart at right shows, Android generates revenue for Google through three kinds of ad sales (Google'...
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WSJ
Carlyle Group Profit Slides 30%
The buyout group's first earnings report since its IPO included lower performance fees and a drop in investment income.
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APA-OTS
EANS-News: DVB Bank SE / consolidated net income before IAS 39 and taxes as at 31 March 2012 only down slightly year-on-year
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this …
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USA Today
Texas athletics overwhelms rivals in revenue and spending
School's income of more than $150 million, expenses of nearly $134 million underscore criticism of NCAA sports as business activity.
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AllThingsDigital
Groupon Earnings Top Prior Forecast
Although it was forced to restate earnings earlier this year, the deal-making site on Monday reported revenue that bested the high-end of its previously forecast range.
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THE GLOBE AND MAIL
In East Africa, the daily catch is a better future
Thanks to Susan Thompsons training program, rural farmers in Kenya are running fish farming operations that net valuable income
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science blogs
Pondering a Professional Plan B [Aardvarchaeology]
I'm a month from my 20th anniversary as a professional archaeologist and I'm considering my options. Unlike most people who make a living in my trade I have not worked much in contract archaeology and I have spent only a few months on the dole. Instead my main source of income during these two decades has been research grants from private foundations. Not big ones, but many of them. With a frug...
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National Post
Not all dividends are taxed the same
Dividends from non-Canadian companies are treated as foreign income and are taxed at full marginal rates
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Fortune
'How much should I spend on a family vacation?'
What is an appropriate or common percentage of income for a family to spend on vacations? -- Darcie and Jim Alexis
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USA Today
Retiree health care costs rising; many people not preparing
The golden years are losing their luster as health care costs continue to outpace income and many Americans are not saving for retirement.
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webwire
Success With Anthony Reviews Reveal Truth Of Morrison's Program
Success With Anthony , which has been getting many reviews, created by the author and seen on TV internet marketer Anthony Morrison, has been making a splash on the Internet sinc...
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Barrons
News Corp. Rises on Strong Cable Results
News Corp. (NWSA) rose 3.2% after hours following a better than expected earnings report, driven by strength in cable networks and publishing. News Corp. (which owns Barron’s) posted 37 cents of EPS, 6 cents better than expectations. Revenue of $8.4 billion came up short of expectations for $8.25 billion. Operating income at cable networks, the [...]
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TheDomains
Tucows Reports Revenue Up 22% & YummyNames Sells $1.9 Million In Domains
Tucows.com (AMEX: TCX) reported its earnings for the 1st quarter of 2012 after the market closed today.
“Net revenue for the first quarter of 2012 increased 22% to a record $27.5 million from $22.6 million.”
“Net income for the first quarter of 2012 was $1.7 million, or $0.04 per share, compared with net income for the first quarter of 2011 of $0.7 million, or $0.01 per share. Net income for t...
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FT
Las Vegas: playing a bad hand
The city where American disposable income goes to be disposed is seeing business a big step below where it was in the wild years of 2006 and 2007
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Nikkei
Premium Income Up 14th Straight Month At Top Nonlife Insurers |
AP
DirecTV 1Q profit rises, but US subscribers down
EL SEGUNDO, Calif. (AP) -- DirecTV Inc. said Tuesday that its first-quarter net income rose 8.5 percent, driven by subscriber growth in Latin America. But the number of subscribers added in the U.S. declined....
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Hindustan Times
Pranab denies Vodafone plea, says India no tax haven
Finance minister Pranab Mukherjee today declined to roll-back a change in the Income Tax Act with retrospective effect to tax foreign firms for capital gains made on Indian assets, saying the country cannot be reduced to a tax haven.
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Daily Telegraph
Super changes hit high income earners
HIGH income earners have suffered a double-whammy on their retirement savings in the Budget.
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Irish Times
HSBC beats Q1 expectations
HSBC, Europe's biggest bank, beat expectations with an underlying profit of almost $7 billion (€4.9 billion) in the first quarter thanks to a rebound in investment banking income and a fall in US bad debts.
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AP
Did Romney earn tax credits for overseas profits?
WASHINGTON (AP) -- Do you remember what's on page 169 of your income tax return? Neither does Mitt Romney....
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omg
Octomom Filming Porn Movie: Is It REALLY Her Only Income Option?
The solo sex tape has started filming for a very desperate Nadya. Will she do anything for money? Deep in financial debt and living in a house that’s literally in shambles, Octomom started filming her solo pornography video on May 6 in order to get that big paycheck. But does she really need to do this [...]
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The Jerusalem Post
'Slice the pie fairly to improve national healthcare'
The capitation formula allocates income among the health funds to encourage competition; But it isn’t working well enough.
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Times of India
Income Tax raids at controversial Tamil Nadu mutt
Sleuths of the Income Tax department are conducting a raid at the ancient Madurai Adheenam, one of the religious mutts in Tamil Nadu, from Saturday morning.
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MarketWatch
Berkshire Hathaway Q1 net income $1,966 vs $917
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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Barrons
Citi Says Buy EA Before Earnings, Sees Q4 Beat & 70%+ Upside
Shares of Electronic Arts (EA) were recently down 3.6% in late afternoon trading, down nearly 20% since it’s last quarterly earnings report in February. However, Citi analyst Neil Doshi is optimistic ahead of the company’s earnings report on Monday. He is modeling for the company to beat consensus estimates and thinks the stock can climb [...]
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MorganLinton
Pivot Time – The Evolution Of My Business
It is with great excitement that I announce publicly on my blog the next major pivot for Linton Investments. Pivot is a word that gets used a lot in the startup world and it’s used to describe a change in direction of shift in focus based on your own experience or customer feedback. Some people [...]
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New York Times
The Money Issue: Romney’s Former Bain Partner Makes a Case for Inequality
Edward Conard, once a partner of Mitt Romney at Bain Capital, argues that more income inequality is good for the economy.
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Daily Mail
Violent thug claimed £2,000 in benefits with help of his family as he served prison sentence
Mark Redfearn, 33, (pictured) had his mother and brother pick up income support cheques from his flat in Manchester and cash them while he was in jail for attacking a man in the street.
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BBC
Civil servants use tax loopholes
More than 2,000 public sector workers could be avoiding the full rate of income tax by being paid by the government on special contracts, reports Newsnight's Peter Marshall.
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Irish Times
Standard Chartered eyes 10% growth
Standard Chartered said it expected to grow income by 10 per cent or more this year even though growth dipped below that pace in the first quarter due to weakness in India and the strength of the US dollar against Asian currencies.
|
Irish Times
Minimum income calculator launched
Almost all households dependent on social welfare payments cannot live a dignified life, according to calculations by the Money Advice and Budgeting Service (MABS) and the Vincentian Partnership for Social Justice.
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Scientific American
The Diminishing Digital Divide
Concerns about the digital divide have started to take on a bit of hysterical edge think along the lines of Reverend Lovejoy’s wife: “But what about the children ?! she would exclaim over every single slight change that threatened her sense of idyllacy. Make no mistake, however, there is more than ample reason to be concerned about the degree of access people have to technological resources, w...
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BBC
US spending rises 0.3% in March
US consumer data shows that spending rose 0.3% and personal income rose 0.4% during March.
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siliconindia
Auto-rickshaw hike
by ashok kothare Recent hike in auto-rickshaw rates made me think on this issue of frequent rise on the tariff of our local transport service. This post may not interest readers from outside Mumbai but they may get the feel of how Mumbaikars have to tackle everyday problems.
I suggest two alternatives to help solve this problem. As it is, we experience that at present Auto-rickshaw drivers ...
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Daily Mail
One in three households squeezed on travel costs as soaring prices mean families spend 10% of income on transport
Campaigners say soaring petrol prices and rail fares has left many vulnerable people so short of cash they have to choose between ‘meals and wheels’.
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Washington Post
Editorial Board: Fat farms
THERE’S GOOD news and bad news from the Senate Agriculture Committee. On Thursday, it voted to eliminate the wasteful “direct payments” subsidy program when the five-year farm bill expires at the end of September. But it offset much of the savings by expanding subsidies for federal crop insurance. Rife with opportunities for fraud and abuse, this program hurts small farmers and distributes reso...
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Los Angeles Times
Lawmaker wants more financial dislcosure on bullet train project
A Bay Area assemblyman proposed legislation Friday that would require certain private consultants working for the state high speed rail project to disclose their income sources and business relationships. Jerry Hill, a San Mateo Democrat, said the measure targets consultants who sit on peer review panels set up by the California High Speed Rail Authority, which is planning to build a bullet tra...
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Salon
Scott Brown’s class identity problem
Scott Brown and his campaign badly want to frame his Massachusetts Senate race against Elizabeth Warren as a choice between a regular, pickup-truck-driving guy and a rich, elitist academic. But there’s at least one area where this contrast just doesn’t exist: their tax forms.After a week of public squabbling, both candidates publicly released several years of tax returns earlier today, and it t...
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National Post
Brazil sex worker may sue U.S embassy over injuries sustained at strip club
A former Brazilian prostitute plans to sue the United States embassy and five of its personnel for injuries sustained outside a strip club late last year, complicating the second of two embarrassing incidents to emerge recently involving American officials and sex workers in South America.
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Irish Times
Flexibility and Croke Park
PRELIMINARY SKIRMISHING has broken out between Minister for Public Expenditure and Reform Brendan Howlin and public service trade unions over the terms of the Croke Park agreement as economic growth stalls and savings are insufficient to close the gap between Government income and expenditure. Teacher unions have threatened strike action if their special allowances are touched while Mr Howlin h...
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Reuters
Andreessen Horowitz partners pledge income to charity
SAN FRANCISCO, April 25 (Reuters) - In an effort to
kickstart more charitable giving around Silicon Valley, the six
general partners at venture firm Andreessen Horowitz are
pledging to give half of...
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AP
Miller says players accountable for pay, not CEOs
NEW YORK (AP) -- Marvin Miller says high salaries of Major League Baseball players are more justifiable than the huge income of Wall Street and corporate CEOs....
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Al Jazhera
Facebook sees slide in revenue ahead of IPO
First quarter net income falls frpm $233m to $205m from a year earlier, just weeks ahead of US company's expected IPO.
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news.com.au
Facebook reports lower income
FACEBOOK is reporting, ahead of its initial public offering, expected in May, that its first-quarter net income fell as its revenue rose by comparison with a year earlier.
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USA Today
Facebook revenue jumps, income falls
The company is preparing for an expected initial public offering this May.
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New York Times
Campaign Stops: The Fight Over Inequality
What's the best way to figure out the size of the income gap between the top and the bottom? The debate is fierce, complicated and crucial.
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Russian Government
Vladimir Putin meets with head of the Republic of Karachai-Circassia Rashid Temrezov
Meeting participants focused on the republic’s socioeconomic performance in the first quarter of this year and the implementation of federal social projects, in particular regarding increasing the salaries of doctors and teachers. One more issue on the agenda was the expediency of collecting personal income tax at the place of residence.
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TMZ
Ma$e -- Can't Nobody Hold Me Down ... Except the I.R.S.
Is Diddy's former prodige Ma$e caught up on his income tax payments? Eh-Eh, Eh-Eh. According to documents filed in Florida by the IRS, Ma$e owes a total of 124,774.85 in back taxes ... stemming from the years 2000, 2001 and 2004. Perhaps not…
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Times LIVE
PLaying with work
It used to be called ''moonlighting" - working at a second job, often at night, in addition to a full-time daily occupation. The need to hold two simultaneous jobs usually arose from the following simple economic relationship: income versus expenses.
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Daily Telegraph
Healthier tax option for wealthy
HIGH income earners would be better off paying more for their health insurance than dumping their policies consumer group Choice said.
|
Daily Telegraph
Microsoft rockets on record-high earnings
MICROSOFT'S net income has hit $5.11 billion on record-high revenue in the recently ended quarter.
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THE GLOBE AND MAIL
Manulife: Not a buy and hold stock
The insurer remains one to trade for income, says Lou Schizas
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The Nation
For better fuel mileage
If you are being squeezed between rising fuel prices and a fixed income, there are steps that you can take other than stop using your car to get better fuel mileage. These are: 1 Make sure that your car’s engine is properly tuned up, i.e. the spark plugs are cleaned or replaced as required, the engine timing and valve clearances are checked and adjusted at regular intervals (as mentioned ...
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The Nation
For better fuel mileage
If you are being squeezed between rising fuel prices and a fixed income, there are steps that you can take other than stop using your car to get better fuel mileage. These are: 1 Make sure that your car’s engine is properly tuned up, i.e. the spark plugs are cleaned or replaced as required, the engine timing and valve clearances are checked and adjusted at regular intervals (as mentioned ...
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The Nation
For better fuel mileage
If you are being squeezed between rising fuel prices and a fixed income, there are steps that you can take other than stop using your car to get better fuel mileage. These are: 1 Make sure that your car’s engine is properly tuned up, i.e. the spark plugs are cleaned or replaced as required, the engine timing and valve clearances are checked and adjusted at regular intervals (as mentioned ...
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CNN
Let's kill the progressive tax rate system
Last week we learned that Barack and Michelle Obama's effective tax rate for 2011 was 20.5%. They had adjusted gross income of $789,674. We also learned that their tax rate was slightly lower than President Obama's secretary, who had about $95,000 of income.
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The New Yorker
Nicholas Lemann: Timothy Noah, Charles Murray, and America’s inequality.
The most striking change in American society in the past generation—roughly since Ronald Reagan was elected President—has been the increase in the inequality of income and wealth. Timothy Noah’s “The Great Divergence: America’s Growing Inequality Crisis and What We Can Do . . .
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FOX
Obama Return: $789,674 Earned, $162,074 in Taxes
After giving about 22 percent of income to charity, First Couple winds up with a tax rate of about 20 percent
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Reuters
Obama paid 20.5 percent tax rate in 2011, White House says
WASHINGTON (Reuters) - President Barack Obama and his wife Michelle paid an effective federal tax rate of 20.5 percent on income of $789,674 in 2011, the White House said on Friday amid a debate over tax burdens that is likely to shape the November presidential election.
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perez hilton
Lionel Richie Owes IRS Huge Amount In Unpaid Taxes!
With tax day quickly creeping up on Tuesday, you may be scrambling to still file those taxes!
But don’t worry — you’re not alone. In fact, you’re actually in pretty good company if you owe the government some money…and we bet your amount is not as much as this!
Looks like the Dancing On The Ceiling [...]
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The Jerusalem Post
Alto near closure point with new income property investment
In contrast to companies that focus on the residential market, Alto prefers to focus on the world of commercial real estate.
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New York Times
Obama to Make Case for Buffett Rule
In a string of visits to Florida this week, the president will push his proposal to ensure the wealthiest Americans pay at least 30 percent of their income in federal taxes.
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USA Today
Ways to Work loan program a life changer for low income
Ways to Work helps low-income workers get loans on used cars if they agree to continue working and take financial literacy courses.
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The Sun
Red Ken is blasted by Boris for tax lie
RED Ken accused of hiding true income as Boris reveals he earned £1.7m in four years
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Science Daily
Free term paper? Income inequality and distrust foster academic dishonesty
College professors and students are in an arms race over cheating. Students find new sources for pre-written term papers; professors find new ways to check the texts they get for plagiarized material. But why are all these young people cheating? A new study suggests one reason: income inequality, which decreases the general trust people have toward each other.
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Number10
Prime Minister unveils Big Society Capital
David Cameron launches the world's first ever social investment builder
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USA Today
Obama urges Congress to pass 'Buffett Rule'
President Obama called on Congress to pass the so-called "Buffett Rule" requiring millionaires to pay at least 30% of their income in taxes.
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AP
FIFA announces $36M profit in 2011 accounts
ZURICH (AP) -- Boosted by the World Cup's enduring appeal, FIFA reported a profit of $36 million on Friday from its billion-dollar income in 2011 and increased its reserves to $1.3 billion....
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MarketWatch
MarketWatch First Take: Falling jobless benefits behind slow income growth
One of the puzzles from Friday’s report from the Commerce Department is why consumer spending is running far ahead of personal income growth, causing the savings rate to fall to the lowest level since August 2009.
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Washington Post
Supreme Court, George Zimmerman and Syria resolution: Morning roundup
Today is the second of three days in which the U.S. Supreme Court will hear arguments over the constitutionality of President Barack Obama's Patient Protection and Affordable Care Act.
The act requires that most Americans have health insurance by 2014 or pay a penalty on their 2015 income tax payments. Opponents argue that the government has overstepped its power; supporters say that without t...
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THE AUSTRALIAN
ATO set to clip execs' wings
THE ATO is targeting executives who have avoided tax on offshore income, as part of a crackdown on foreign-sourced earnings.
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Times LIVE
Free tank game makes millions per month
A free online tank game might not sound impressive, but Wargaming.Net supports some 20 million registered users for millions of dollars of income per month.
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Times of India
State of subsidy
Should income tax — which was first introduced in England in 1799 by the then prime minister William Pitt the Younger, as a temporary measure to help defray the costs of a war — be scrapped? Those in favour argue that it is a disincentive to initiative and enterprise. If you have the get-up-and-go to get yourself a source of income you should be rewarded instead of being penalised by having to ...
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chinatechnews
Mecox Lane Shares Logistics Platform With Chinese E-commerce Operators
Mecox Lane Limited, operator of the Chinese apparel and accessories e-commerce website M18.com, has announced plans to open its logistics platform and share it with other e-commerce operators in the country. This new move is expected to increase Mecox Lane's income while reducing the distribution costs of the company and its partners. So far, Mecox [...]
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Times LIVE
Nehawu welcomes pay freeze
Public Enterprises Minister Malusi Gigaba's decision to freeze salary increases for parastatal bosses may help reduce income inequality, Nehawu said on Thursday.
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USA Today
Occupy tennis? Income inequality grows on ATP Tour
A USA TODAY analysis of ATP prize money from 1990-2011 shows the disparity between players ranked in the top 100 has never been greater.
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Daily Telegraph
Guy at TV and music crossroads
GUY Sebastian, with a new album soon and a national tour, is deciding if he wants to live or die as a musician or earn steady income from TV.
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Daily Telegraph
Worried west in financial limbo land
THE number of western Sydney residents struggling to make ends meet has risen dramatically, according to a jobs and income study.
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THE GLOBE AND MAIL
A new tech boom quietly gains strength
Though largely untapped by income seekers, the sector now offers many reasonably priced value buys. A primer on what to look for
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Daily Mail
Port Vale in administration
Port Vale have entered administration for the second time in nine years, Stoke-on-Trent City Council have confirmed. The move is due to an unpaid Income Tax bill.
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WSJ
A Modest Proposal for China: Eat the Rich
It may be that the standard policy suggestion for increasing China's consumption—raise household income and improve social services—is wrong, and that what's really needed are measures to close the wealth gap.
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Irish Times
Revenues are along expected lines - GAA
GAA REVENUE fell substantially for the second successive year in 2011 but the association yesterday expressed overall satisfaction with the figures. Although income dropped under all main headings, according to director of finance Tom Ryan, the fall had been “foreseen and planned for” with the decline of €1.5 million in gate receipts “better than our projections”.
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Times of India
Budget 2012: The best rule in taxation is to keep it simple & straightforward
In Budget 2012, FM needs to rationalise the system of taxation so that the incidence of tax on income is same regardless of the source.
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New York Times
Wealth Tax Hits a Nerve in French Race for President
François Hollande, the Socialist candidate for the French presidency, has proposed that those with annual income of more than €1 million be taxed at a 75 percent rate.
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Irish Times
Favourite for French presidency plans 75% tax rate
FRENCH PRESIDENTIAL frontrunner François Hollande has set off an intense debate over how much tax the rich should pay with a surprise plan to tax top earners up to 75 per cent of their income.
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The Jerusalem Post
High Court overturns 'discriminatory' law
On final day in role, retiring Supreme Court president approves petitions against law denying income support to those with cars.
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The Nation
E&P sector’s profit up 28pc in 1HFY12
LAHORE - During 1HFY12, the listed exploring sector posted an earnings growth of 28pc to Rs69b as against Rs54 billion in the same period last year. The improved profitability is on the back of better pricing scenario along with higher other income.
Amongst the individual companies, OGDC led the way, showing a growth of 32 percent, while other explorers also depicted a respectable growth of .....
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FOXnews
'Teen Mom' Amber Portwood scammed Indiana low income housing program, report says
"Teen Mom" star Amber Portwood was tossed out of her Indiana home last month for scamming the government and mooching off taxpayer money, law enforcement sources tell TMZ.
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UN
Ban calls for concerted efforts to combat scourge of illicit drugs in Afghanistan
Secretary-General Ban Ki-moon today called for concerted efforts to help Afghanistan extricate itself from the scourge of drug production, use and trafficking, noting that the countrys stability remains at stake with an estimated 15 per cent of its income accruing from trade in illicit drugs.
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DailyTech
LightSquared's GPS-Crippling 4G Bid is Sunk by the FCC
Move will likely force Sprint to sever ties with firm, losing valuable source of income
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Mail & Guardian
Public protector's salary questioned in Parliament
MPs have questioned Public Protector Thuli Madonsela's income during negotiations on her deputy's salary, saying she earned more than most judges.
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THE GLOBE AND MAIL
Fresh 2011 numbers rekindling Canadas love affair with census
Some Canadians are giddy about the tranche of fresh data coming out on Wednesday about everything from age, poverty, housing and income
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THE GLOBE AND MAIL
Fresh 2011 numbers rekindling Canadas love affair with census
Some Canadians are giddy about the tranche of fresh data coming out on Wednesday about everything from age, poverty, housing and income
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Los Angeles Times
Kinsley: A 'Buffett Rule' for tax equality?
Making those earning more than $1 million pay a higher rate won't fix a broken system.As everybody knows by now, Warren Buffett — class traitor — pays a smaller share of his income in taxes than does his secretary, Debbie Bosanek. In his State of the Union address Jan. 24, President Obama proposed "the Buffett Rule" to rectify this with a phased-in requirement that all taxpayers making more tha...
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Goal.com
Official: Everton completes signing of Nikica Jelavic from Rangers
Croatian striker moves to the Premier League side and stands to more than double his income from the SPL after passing a medical and being presented in front of the club's fans.
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Reuters
LSE eyes merger market as income soars
LONDON (Reuters) - London Stock Exchange chief Xavier Rolet aims to put last year's failed bid for Canada's TMX Group behind him by forging ahead with plans to diversify.
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New York Times
Letter from China: China's Hidden Wealth Feeds an Income Gap
An astonishing picture is building of extravagant, high-end Chinese spending that offers a glaring contrast to the hardscrabble, high-saving image of most Chinese. Where is all the money coming from?
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BBC
Obama to urge economic fairness
US President Barack Obama is expected to attack income inequality and set the tone for his re-election bid in his third state of the union speech.
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Irish Times
Romney downplays tax issue
Republican US presidential candidate Mitt Romney sought today to stay away from the issue of how much he pays in taxes a day after acknowledging that his income tax rate is about 15 per cent, but a key ally joined rivals' calls for him to release his tax returns.
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THE GLOBE AND MAIL
Romneys huge wealth could make 2012 election hinge on income inequality
Republican candidate for presidential nomination reveals he only pays about 15 per cent in taxes
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Reuters
Colombia rebels selling cows as drug money drops: Santos
BOGOTA (Reuters) - Colombian President Juan Manuel Santos said on Monday the country's largest rebel group was increasingly selling its cattle to finance South America's longest-running insurgency as income from trafficking cocaine drops.
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BBC
VIDEO: Afghan opium profits up 133%
In a new survey, the UN Office on Drugs and Crime says income received by opium farmers in Afghanistan rose by 133% and that poppy cultivation has also increased.
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Mail & Guardian
Capitec eyes higher bank fee income
Capitec Bank says it plans to boost its transaction income in a year, which it expects will make it less reliant on lending income.
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Irish Times
Troika warns welfare cuts and income tax rises look unavoidable
THE COALITION will have difficulty in keeping to its promise not to adjust tax bands and credits in Government and will also need to rely on cuts in social protection to provide the “bulk of savings”, troika officials monitoring Ireland’s bailout programme have determined.
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Times of India
Entrepreneurs use the internet for a profitable business of selling human hair
Tirumala Tirupati Devasthanams netted a record income of Rs 133 cr through online auctioning of human hair in Sept this year.
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Telegraph
NBA basketball fans handed Christmas gift ... a return to action after lockout chaos
An extraordinary 66 regular season games in the US will be packed into next four months after season delay over income dispute.
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CNN Money
Stocks: Investors pack up for the holidays
U.S. stocks set to open higher, ahead of economic reports on personal spending and income, as well as more housing data.
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The Nation
Putin has modest income
MOSCOW (Reuters) - Russian Prime Minister Vladimir Putin earns only $140,000 a year and owns just one home, a small apartment in his home town, an official income statement showed on Thursday. Putins wealth has long been the focus of speculation by opponents who portray Russias paramount leader as one of the richest men in the world, allegations he has dismissed. His official income statement...
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circleID
ICANN Publishes Its Annual Report and Reports $100 Million in Assets
ICANN just published its annual report for 2011 and god bless, in the worst economy of our lifetimes they managed to get up to just short of $100 Million in assets; cash, investments and accounts receivable for the year ending June 30, 2011.
According to the report as of June 30, 2011, ICANN has over $29 Million in Cash, $51 Million in investments and over $15 Million in accounts receivable, ...
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Mail & Guardian
How to reunite Korea without going broke or causing chaos
Reunification could lift millions of North Koreans out of poverty and boost average income by at least tenfold. But it would probably slow South Korea
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Daily Mail
'I'm doing it for my child': Meet the single mothers turning to phone sex lines in bid to boost family income
Single mother Star (left) told how they make up to $1,000 a day, but the seedy nature of the work can be highly distressing.
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National Geographic
Planting Wind Energy on Farms May Help Crops, Say Researchers
Wind energy may do more than improve farm income. When sited in agricultural fields, turbines' churning of air may help crops to grow, new research indicates.
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Daily Mail
Crucial new phones delayed until 'late 2012' - as income plunges
BlackBerry sales slowed from 14 million to between 11 and 12 million in three months - and the new BB10 touchscreens which analysts hoped might 'save' the company are to be delayed.
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China Daily
Lady Gaga crushes rivals in 2011 music earnings
Lady Gaga towered over other female musicians in 2011, heading a list of top earning women with an estimated $90 million in income.
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Los Angeles Times
'Real Housewives' knockoff shows Israel's super-rich
Israel, despite socialist roots, now has a huge income gap. Displays of riches, such as a $2-million wedding and a 'Real Housewives'-style show, draw awe and contempt.Israel, despite socialist roots, now has a huge income gap. Displays of riches, such as a $2-million wedding and a 'Real Housewives'-style show, draw awe and contempt.
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Washington Post
NBA blunders in vetoing Chris Paul trade
In an effort to justify a nearly five-month lockout that threatened to do irrevocable damage to the NBA, Commissioner David Stern actually did more damage to his league with a condescending and unnecessarily paternal effort to protect the New Orleans Hornets.
By vetoing the proposed three-team deal that would’ve sent Chris Paul to the Los Angeles Lakers, Stern proved that the labor fight wasn’...
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The Sun
Johnny Depp's dodging the taxman
ACTOR says he always counts how long he stays in France so that he avoids income tax
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The Sun
Johnny Depp's dodging the taxman
ACTOR says he always counts how long he stays in France so that he avoids income tax
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The Nation
Imran Khan declares his assets; asks others to follow
Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday declared his all assets and asked all other politicians to do like him. He was addressing a press conference with former foreign minister Shah Mehmood Qureshi and Justice Wajihuddin in Islamabad. He said that his all assets were registered in his name, adding that his no property was registered in his sons name. If the politician wi...
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USA Today
NBA deal not perfect but sides can go with it
NBA players lose significant basketball-related income, owners make some concessions, now the sides must move on.
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FTD
Business English: Do I protest against my banker son?
A male pensioneer (76) wrote: I have a £ 600-a-month pension and try to live within that income. I am entitled to certain state benefits but never claim any, out of integrity. I have no debts of any kind. I never seek help from my family, even if they offer me assistance. ...
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SI
Michael McCann: NBA players, owners may still run into problems with tentative deal
The NBA and representatives for its players agreed to the framework of a collective bargaining agreement that, if ratified, will salvage a 66-game season and guarantee labor peace for at least six years. The two sides have come to agreement on the major issues that gave rise to the lockout. Most notably, they have agreed to divide the league's basketball-related income evenly, with each side su...
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New York Times
The Texas Tribune: Payments to Doctors by Pharmaceutical Companies Raise Issues of Conflicts
More than 100 Texas doctors, researchers and medical experts who are paid with taxpayer dollars routinely supplement their salaries with income from pharmaceutical companies.
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Amnesty International
Belarus activist conviction “politically motivated”
Headline Title:
Belarus activist conviction “politically motivated”
24 November 2011
The Belarusian authorities must immediately release a prominent human rights activist convicted today on politically motivated financial charges, Amnesty International said today. Ales Biali...
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The Nation
Saarc summiteers adopt promising 20-point agenda
ADDU (APP) - The 17th Saarc Summit concluded here on Friday adopting a very promising 20-point agenda reaffirming its commitment to peace, confidence building, liberty, dignity, democracy, mutual respect, good governance and protection of human rights. The summit, which was attended by eight member countries and nine representatives from observer states, also renewed its firm commitment to alle...
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exchnage4media
Reliance Mediaworks Q2 income up 21 pc; announces strategic structuring
Reliance MediaWorks Ltd, a member of the Reliance Group, has reported a 21 per cent increase in its total income from operations for Q2 FY12 at Rs 236 crore.
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THE GLOBE AND MAIL
Stern says only rational thing' is for NBA players to take deal before deadline
Proposal calls for players to receive anywhere between 49 and 51 per cent of basketball-related income
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WHO
WHO maps noncommunicable disease trends in all countries
14 September 2011 -- More than nine million of all deaths attributed to noncommunicable diseases (NCDs) occur before the age of 60; 90% of these "premature" deaths occurred in low and middle income countries. A new WHO report features information on the NCDs situation in 193 countries, as global leaders prepare to meet at the United Nations high-level meeting on noncommunicable diseases in New...
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# |
Countries |
MIX |
| 1 | United States | 44.772 |
| 2 | India | 19.515 |
| 3 | United Kingdom | 4.672 |
| 4 | Philipines | 4.600 |
| 5 | Canada | 3.535 |
| 6 | Australia | 2.587 |
| 7 | China | 2.360 |
| 8 | Singapore | 2.110 |
| 9 | Indonesia | 1.940 |
| 10 | Pakistan | 1.410 |
| 11 | Brazil | 0.600 |
| 12 | Taiwan | 0.550 |
| 13 | South Africa | 0.520 |
| 14 | Korea South | 0.470 |
| 15 | Kenya | 0.350 |
| 16 | Italy | 0.320 |
| 17 | Switzerland | 0.300 |
| 18 | Argentina | 0.175 |
| 19 | Tanzania | 0.160 |
| 20 | Thailand | 0.160 |
| More Countries >> |
# |
Media |
MIX |
| 1 | NDTV | 5.000 |
| 2 | CNN | 4.000 |
| 3 | IBN live | 2.500 |
| 4 | USA Today | 2.000 |
| 5 | WALL STREET JOURNAL USA | 2.000 |
| 6 | Divya Bhaskar | 1.600 |
| 7 | indosiar | 1.600 |
| 8 | newsoftheworld | 1.575 |
| 9 | ABS-CBN News Channel | 1.500 |
| 10 | channelnews asia | 1.500 |
| 11 | AARP Bulletin | 1.500 |
| 12 | foxnews | 1.500 |
| 13 | GMA TV | 1.300 |
| 14 | HUANQIU SHIBAO (GLOBAL TIMES) | 1.200 |
| 15 | San Francisco Chronicle | 1.200 |
| 16 | economictimes | 1.060 |
| 17 | MSNBC | 1.000 |
| 18 | abc live | 1.000 |
| 19 | NDTV profit | 1.000 |
| 20 | NYdailynews | 1.000 |
| More Media >> |
# |
Languages |
MIX |
| 1 | English | 83.989 |
| 2 | Chinese | 2.040 |
| 3 | Indonesian | 1.940 |
| 4 | Gujarati | 1.600 |
| 5 | Portuguese | 0.600 |
| 6 | Tamil | 0.450 |
| 7 | German | 0.400 |
| 8 | Italian | 0.320 |
| 9 | Spanish | 0.175 |
| 10 | Korean | 0.140 |
| 11 | Romanian | 0.090 |
| 12 | Arabic | 0.050 |
| 13 | Finnish | 0.000 |
| 14 | Japanese | 0.000 |
| 15 | French | 0.000 |
| 16 | Dutch | 0.000 |
| 17 | Turkish | 0.000 |
| 18 | Swedish | 0.000 |
| 19 | Polish | 0.000 |
| 20 | Zulu | 0.000 |
| More Languages >> |
# |
Lists |
| 1 | Macro Economic words |