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CNBC's Joe Kernen Pounces on Guest Over Tax Hikes Before Even Introducing Her: Just Answer That!'

Joe Kernen believes economic agendas from both parties typically harm the economy by misunderstanding taxation's impact on corporations and job creation.
#wealthy
from www.nytimes.com
5 months ago

Biden Looks to Raise Tax Revenue When Trump Cuts Expire Next Year

Lawmakers should consider raising taxes on corporations and the wealthy to reduce budget deficits
from Truthout
9 months ago

Tlaib: Meta's Taxes Would Drop From 25 Percent to -2 Percent Under New Tax Bill

Progressive Rep. Rashida Tlaib opposes the bipartisan tax bill that gives tax cuts to corporations and the rich.
The bill also includes a partial revival of the expanded child tax credit, but lowers the total and imposes income limits for the poorest families.

Biden Looks to Raise Tax Revenue When Trump Cuts Expire Next Year

Lawmakers should consider raising taxes on corporations and the wealthy to reduce budget deficits

Tlaib: Meta's Taxes Would Drop From 25 Percent to -2 Percent Under New Tax Bill

Progressive Rep. Rashida Tlaib opposes the bipartisan tax bill that gives tax cuts to corporations and the rich.
The bill also includes a partial revival of the expanded child tax credit, but lowers the total and imposes income limits for the poorest families.
morewealthy

IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich

The IRS could collect up to $561 billion in additional tax revenue between 2024 and 2034, thanks to increased funding and new initiatives enabled by the 2022 Inflation Reduction Act.
If lawmakers renew and expand the IRA funding, the IRS could collect an additional $851 billion in tax revenue over the next decade.
The increase in funding for the IRS is directly attributed to the $80 billion passed by Democrats, which Republicans opposed.

Bipartisan Tax Bill Offers Generous Corporate Tax Relief, Inadequate Poverty Aid

The Tax Relief Act includes provisions to partially reinstate Biden's expanded child tax credit and increase the Low-Income Housing Tax Credit.
The legislation also provides new deductions and tax claims for corporations, potentially amounting to hundreds of billions of dollars.

Walmart Has Stopped Advertising On X

Walmart is no longer advertising on Elon Musk's social media platform X, following other major corporations like Disney, IBM, and Apple.
Advertisers have left the platform after incidents involving pro-Nazi content and Musk's endorsement of an anti-Semitic tweet.
Musk apologized for his tweet but also told advertisers to 'go fuck yourself,' further alienating its corporate base.
#preparation

Residents Call for Shut Down of PA Shell Plastics Plant After Chemical Leak

A person holds a sign reading "STOP ECOCIDE" illustrated with a Shell logo during a protest on February 4, 2022, in London, England.Vuk Valcic / SOPA Images / LightRocket via Getty Images When Shell Chemical Appalachia announced the start of a massive plastics manufacturing facility last November in western Pennsylvania, the subsidiary of oil major Shell described it as "world-class," and touted the company's "strong and innovative safety focus."

I asked an AI chatbot about AI replacing humans

It told me it would take human jobs faster than the Kardashians dump boyfriends'.Should we be worried?This Labour Day, working people around the world have little to celebrate.Amid climate change, war and pandemics, inequality is rising, wages are stagnating or even falling, and inflation is skyrocketing, leaving billions of people struggling to make ends meet.

Residents Call for Shut Down of PA Shell Plastics Plant After Chemical Leak

A person holds a sign reading "STOP ECOCIDE" illustrated with a Shell logo during a protest on February 4, 2022, in London, England.Vuk Valcic / SOPA Images / LightRocket via Getty Images When Shell Chemical Appalachia announced the start of a massive plastics manufacturing facility last November in western Pennsylvania, the subsidiary of oil major Shell described it as "world-class," and touted the company's "strong and innovative safety focus."

I asked an AI chatbot about AI replacing humans

It told me it would take human jobs faster than the Kardashians dump boyfriends'.Should we be worried?This Labour Day, working people around the world have little to celebrate.Amid climate change, war and pandemics, inequality is rising, wages are stagnating or even falling, and inflation is skyrocketing, leaving billions of people struggling to make ends meet.
morepreparation
#back

Ontario home developer agrees to place several GTA townhome projects into receivership | CBC News

An embattled Greater Toronto Area home developer facing multi-million dollar allegations of financial wrongdoing has agreed to the appointment of a third-party receiver to manage the potential sale of several uncompleted townhome developments, throwing the future of hundreds of pre-sold homes into doubt.

Ontario home developer accused of $37M 'cheque-kiting' fraud scheme | CBC News

A major Ontario home developer is facing startling allegations from one of the big five banks that it orchestrated a "highly sophisticated," year-long fraud totalling over $37 million.TD Bank has filed a lawsuit against StateView Homes, based in Woodbridge, Ont., north of Toronto, and headed by brothers Carlo and Dino Taurasi, alleging the company carried out a "cheque-kiting" scheme from April 2022 to last month.

Chipotle Must Pay $240k to Workers After It Closed Unionizing Store in Maine

Labor officials found that Chipotle illegally closed the store after workers sought to form the company's first union.Chipotle Mexican Grill logo sign is seen on a restaurant in New York on October 25, 2022.Beata Zawrzel / NurPhoto via Getty Images Chipotle must pay nearly a quarter of a million dollars to workers in Maine after labor officials determined that the company illegally closed their store after workers announced their intent to unionize last year.

Chipotle agrees to pay ex-employees after closing store that tried to unionize

Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine, restaurant that the company shuttered after the workers tried to unionize.The settlement payouts which are based on pay rates, average hours and seniority will range between $5,800 to more than $21,000 to each of the affected employees.

Leadership program offers support for underprivileged students

A program at the University of California, Irvine, ensures first-generation or underprivileged students are prepared for their lives after college, with a 100 percent graduation rate among its 630 scholars in the program's 24-year history.The Student Achievement Guided by Experience (SAGE) program provides scholars with tools for success, scholarship money and a supportive community to reach their goals during college and after.

Brampton women's shelter on brink of closure without urgent funding, says director | CBC News

Tamara Whilby says the idea to open Women & Children Precious Shelter came from experiences she had working as a nurse."We were able to see a lot of situations where women were being abused within the city of Brampton and trying to flee," she recalled.One particular incident comes to mind, when she didn't know how to help a woman who was abused, beyond giving her medical attention.

Ontario home developer agrees to place several GTA townhome projects into receivership | CBC News

An embattled Greater Toronto Area home developer facing multi-million dollar allegations of financial wrongdoing has agreed to the appointment of a third-party receiver to manage the potential sale of several uncompleted townhome developments, throwing the future of hundreds of pre-sold homes into doubt.

Ontario home developer accused of $37M 'cheque-kiting' fraud scheme | CBC News

A major Ontario home developer is facing startling allegations from one of the big five banks that it orchestrated a "highly sophisticated," year-long fraud totalling over $37 million.TD Bank has filed a lawsuit against StateView Homes, based in Woodbridge, Ont., north of Toronto, and headed by brothers Carlo and Dino Taurasi, alleging the company carried out a "cheque-kiting" scheme from April 2022 to last month.

Chipotle Must Pay $240k to Workers After It Closed Unionizing Store in Maine

Labor officials found that Chipotle illegally closed the store after workers sought to form the company's first union.Chipotle Mexican Grill logo sign is seen on a restaurant in New York on October 25, 2022.Beata Zawrzel / NurPhoto via Getty Images Chipotle must pay nearly a quarter of a million dollars to workers in Maine after labor officials determined that the company illegally closed their store after workers announced their intent to unionize last year.

Chipotle agrees to pay ex-employees after closing store that tried to unionize

Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine, restaurant that the company shuttered after the workers tried to unionize.The settlement payouts which are based on pay rates, average hours and seniority will range between $5,800 to more than $21,000 to each of the affected employees.

Leadership program offers support for underprivileged students

A program at the University of California, Irvine, ensures first-generation or underprivileged students are prepared for their lives after college, with a 100 percent graduation rate among its 630 scholars in the program's 24-year history.The Student Achievement Guided by Experience (SAGE) program provides scholars with tools for success, scholarship money and a supportive community to reach their goals during college and after.

Brampton women's shelter on brink of closure without urgent funding, says director | CBC News

Tamara Whilby says the idea to open Women & Children Precious Shelter came from experiences she had working as a nurse."We were able to see a lot of situations where women were being abused within the city of Brampton and trying to flee," she recalled.One particular incident comes to mind, when she didn't know how to help a woman who was abused, beyond giving her medical attention.
moreback
#people

Scary 'Emergent' AI Abilities Are Just a 'Mirage' Produced by Researchers, Stanford Study Says

In a new paper, Stanford researchers say they have shown that so-called "emergent abilities" in AI modelswhen a large model suddenly displays an ability it ostensibly was not designed to possessare actually a "mirage" produced by researchers.Many researchers and industry leaders, such as Google CEO Sundar Pichai, have perpetuated the idea that large language models like GPT-4 and Google's Bard can suddenly spit out knowledge that it wasn't programmed to know.

Climate Protesters Stage Blockade at White House Correspondents Dinner

The protesters called on Biden to reverse his approval of the massive Willow oil drilling project in Alaska.Climate demonstrators block a government vehicle from getting through the entrance to the White House Correspondents' Dinner at the Washington Hilton on April 29, 2023 in Washington, D.C.Samuel Corum / Getty Images Members of the corporate media were greeted by hundreds of climate action organizers Saturday night as they arrived at the Washington Hilton Hotel in Washington, D.C. for the annual White House Correspondents Dinner.

Tim Minchin says editing Roald Dahl's books a slippery slope'

Tim Minchin, the comedian behind the Matilda musical, has described editing Roald Dahl's books to better suit modern audiences as a slippery slope .The British-Australian composer and entertainer, who wrote the music for the musical based on Dahl's book, said removing outdated language in the author's works set a precedent for needing to change all texts that might offend people and warned they could need to be constantly updated to keep up with changing sensibilities.

Putin: US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America Economics Bitcoin News

Russia's president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in the best interest of their own people.It will backfire on them, he said.Putin also called for a cohesive response to the West's economic aggression, emphasizing that Russia will strengthen its partnerships with friendly nations and collaborate with foreign partners.

Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist

Brenetta Smith used to buy brand-name foods like Oreos and Doritos without thinking twice.But when she noticed that food prices at her local supermarket, Aldi, were soaring, she realized she had to do something different: I have to change the way I shop, she said.So Ms. Smith, 40, a stay-at-home parent in Memphis, started stocking up on dry goods like rice and flour, freezing meat that she bought on sale and avoiding packaged foods, which meant no more Oreos and Doritos.

Can existing laws regulate AI? The federal government and experts say yes

A new joint pledge by U.S. federal agencies to enforce existing laws upon cutting-edge AI tools is winning praise from tech law experts, who say it's an effective rebuttal to industry arguments for self-regulation.The statement released earlier this week by the Federal Trade Commission, Department of Justice, Consumer Financial Protection Bureau, and Equal Employment Opportunity Commission emphasizes that the agencies aren't going to give artificial intelligence companies special treatment just because their products are new.

Scary 'Emergent' AI Abilities Are Just a 'Mirage' Produced by Researchers, Stanford Study Says

In a new paper, Stanford researchers say they have shown that so-called "emergent abilities" in AI modelswhen a large model suddenly displays an ability it ostensibly was not designed to possessare actually a "mirage" produced by researchers.Many researchers and industry leaders, such as Google CEO Sundar Pichai, have perpetuated the idea that large language models like GPT-4 and Google's Bard can suddenly spit out knowledge that it wasn't programmed to know.

Climate Protesters Stage Blockade at White House Correspondents Dinner

The protesters called on Biden to reverse his approval of the massive Willow oil drilling project in Alaska.Climate demonstrators block a government vehicle from getting through the entrance to the White House Correspondents' Dinner at the Washington Hilton on April 29, 2023 in Washington, D.C.Samuel Corum / Getty Images Members of the corporate media were greeted by hundreds of climate action organizers Saturday night as they arrived at the Washington Hilton Hotel in Washington, D.C. for the annual White House Correspondents Dinner.

Tim Minchin says editing Roald Dahl's books a slippery slope'

Tim Minchin, the comedian behind the Matilda musical, has described editing Roald Dahl's books to better suit modern audiences as a slippery slope .The British-Australian composer and entertainer, who wrote the music for the musical based on Dahl's book, said removing outdated language in the author's works set a precedent for needing to change all texts that might offend people and warned they could need to be constantly updated to keep up with changing sensibilities.

Putin: US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America Economics Bitcoin News

Russia's president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in the best interest of their own people.It will backfire on them, he said.Putin also called for a cohesive response to the West's economic aggression, emphasizing that Russia will strengthen its partnerships with friendly nations and collaborate with foreign partners.

Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist

Brenetta Smith used to buy brand-name foods like Oreos and Doritos without thinking twice.But when she noticed that food prices at her local supermarket, Aldi, were soaring, she realized she had to do something different: I have to change the way I shop, she said.So Ms. Smith, 40, a stay-at-home parent in Memphis, started stocking up on dry goods like rice and flour, freezing meat that she bought on sale and avoiding packaged foods, which meant no more Oreos and Doritos.

Can existing laws regulate AI? The federal government and experts say yes

A new joint pledge by U.S. federal agencies to enforce existing laws upon cutting-edge AI tools is winning praise from tech law experts, who say it's an effective rebuttal to industry arguments for self-regulation.The statement released earlier this week by the Federal Trade Commission, Department of Justice, Consumer Financial Protection Bureau, and Equal Employment Opportunity Commission emphasizes that the agencies aren't going to give artificial intelligence companies special treatment just because their products are new.
morepeople

Willis Tower is no longer the tallest building in the world. But it's still a trendsetter as it turns 50 this week.

On a windy spring day 50 years ago this week, John Porzuczek helped guide the final piece of steel into place on what was then known as Chicago's Sears Tower.Placement of the beam - painted white and signed by thousands of Sears employees - ended nearly three years of construction that required Porzuczek and other ironworkers to climb up and down the steadily rising tower, wearing up to 70 pounds of tools around their waists.

Even More Demo Sessions Coming to ODSC East to Help You Build AI Better

It's time for part 2 of our partner session highlight.Check out more of the talks and workshops from industry-leading data science and AI organizations coming to ODSC East 2023 below.You can see our first round of sessions here.Human-in-the-Loop: Strategies for Improving Time Series Anomaly Detection Andrew Cheesman|Head of Data Science|Bigeye
Despite the availability of expertise and effective tools, challenging problems still remain in the field of anomaly detection.
Such fun chatting with @redcloveradvsrs and Justin and the Red Clover Advisors team.
Of course we talked about AI, because what else is there to talk about?

Jules Polonetsky on LinkedIn: Such fun chatting with Jodi Daniels and Justin and the Red Clover Advisors...

The emergence of ChatGPT and other AI chatbots has added another layer to the convoluted privacy landscape, further solidifying the need for comprehensive regulations.So what should corporations and lawmakers consider when protecting consumer and public privacy?In today's episode of She Said Privacy/He Said Security, it's all about AI's privacy ramifications.
#climate-change

Mitsubishi wants to be the world's carbon broker

/
Mitsubishi set up a new market to connect other companies with still contentious carbon removal schemes.Mitsubishi wants to be the world's biggest dealer of carbon removal credits.Keep in mind that the company has its hand in many of the most polluting industries out there - from producing cars to natural gas, coal, petrochemicals and plastics.

The fight to expose corporations' real impact on the climate

Say you are a maker of computer graphics cards, under pressure from investors questioning your green credentials.You know what to do.You email your various departments, asking them to tally up their carbon emissions and the energy they consume.Simple enough.You write a report pledging a more sustainable future, in which your trucks are electrified and solar panels adorn your offices.

Mitsubishi wants to be the world's carbon broker

/
Mitsubishi set up a new market to connect other companies with still contentious carbon removal schemes.Mitsubishi wants to be the world's biggest dealer of carbon removal credits.Keep in mind that the company has its hand in many of the most polluting industries out there - from producing cars to natural gas, coal, petrochemicals and plastics.

The fight to expose corporations' real impact on the climate

Say you are a maker of computer graphics cards, under pressure from investors questioning your green credentials.You know what to do.You email your various departments, asking them to tally up their carbon emissions and the energy they consume.Simple enough.You write a report pledging a more sustainable future, in which your trucks are electrified and solar panels adorn your offices.
moreclimate-change
#years

Lawyer Up: Class-Action Suits Are Thriving in New York

On a hot summer day, a woman walked into a gas station in the Bronx and spent $1.99 on a bag of TGI Fridays Sour Cream & Onion Potato Skins chips.She tore into the snack, looking forward to the potato skins, as they were marketed on the packaging in 2018, according to court documents.But they were just regular chips, she discovered.

Dodgers Collaborate With Mister Cartoon On Special Release For Opening Day At Dodger Stadium

Coinciding with Opening Day at Dodger Stadium, the Los Angeles Dodgers partnered with legendary tattoo artist and creative Mister Cartoon on a special player t-shirt series that features Mookie Betts, Freddie Freeman and Julio Urías.The reimagined Dodgers player t-shirt series will be available exclusively at Dodger Stadium, beginning Thursday with the start of the 2023 regular season.

Report: Trump and Bush Tax Cuts - Not Government Spending - Are Primary Drivers of National Debt Issues

"The United States does not have a high-spending problem; it has a low-tax problem," the report concludes.Lawmakers listen to then-President Donald Trump speak about the passage of tax reform legislation on the South Lawn of the White House in Washington, D.C., on December 20, 2017.Brendan Smialowski / AFP via Getty Images Republicans' major tax cuts for corporations and the rich are overwhelmingly the drivers of current issues over the national debt, which the GOP is using as an excuse to force through cuts to welfare and government spending that are not contributing nearly as much to the debt, a new report reveals.

Lawyer Up: Class-Action Suits Are Thriving in New York

On a hot summer day, a woman walked into a gas station in the Bronx and spent $1.99 on a bag of TGI Fridays Sour Cream & Onion Potato Skins chips.She tore into the snack, looking forward to the potato skins, as they were marketed on the packaging in 2018, according to court documents.But they were just regular chips, she discovered.

Dodgers Collaborate With Mister Cartoon On Special Release For Opening Day At Dodger Stadium

Coinciding with Opening Day at Dodger Stadium, the Los Angeles Dodgers partnered with legendary tattoo artist and creative Mister Cartoon on a special player t-shirt series that features Mookie Betts, Freddie Freeman and Julio Urías.The reimagined Dodgers player t-shirt series will be available exclusively at Dodger Stadium, beginning Thursday with the start of the 2023 regular season.

Report: Trump and Bush Tax Cuts - Not Government Spending - Are Primary Drivers of National Debt Issues

"The United States does not have a high-spending problem; it has a low-tax problem," the report concludes.Lawmakers listen to then-President Donald Trump speak about the passage of tax reform legislation on the South Lawn of the White House in Washington, D.C., on December 20, 2017.Brendan Smialowski / AFP via Getty Images Republicans' major tax cuts for corporations and the rich are overwhelmingly the drivers of current issues over the national debt, which the GOP is using as an excuse to force through cuts to welfare and government spending that are not contributing nearly as much to the debt, a new report reveals.
moreyears
#getty-images

The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says

One researcher called the SVB bailout "a good illustration of the enormous class bias in American policymaking."Federal Deposit Insurance Corporation Chairman Martin Gruenberg during a hearing before the Senate Banking, Housing and Urban Affairs Committee on September 9, 2014, on Capitol Hill in Washington, D.C.Alex Wong / Getty Images In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that's likely to intensify criticism of federal regulators' intervention in the firm's recent collapse.

Men Dominate the Corporate World, But Replacing Them With Women Isn't the Answer

Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, Jane Fraser, CEO of Citigroup, William H. Rogers Jr., Chairman and CEO of Truist Financial Corporation, Andy Cecere, Chairman, President, and CEO of US Bancorp, and William Demchak, Chairman, President, and CEO, of The PNC Financial Services Group, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022.

The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says

One researcher called the SVB bailout "a good illustration of the enormous class bias in American policymaking."Federal Deposit Insurance Corporation Chairman Martin Gruenberg during a hearing before the Senate Banking, Housing and Urban Affairs Committee on September 9, 2014, on Capitol Hill in Washington, D.C.Alex Wong / Getty Images In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that's likely to intensify criticism of federal regulators' intervention in the firm's recent collapse.

Men Dominate the Corporate World, But Replacing Them With Women Isn't the Answer

Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, Jane Fraser, CEO of Citigroup, William H. Rogers Jr., Chairman and CEO of Truist Financial Corporation, Andy Cecere, Chairman, President, and CEO of US Bancorp, and William Demchak, Chairman, President, and CEO, of The PNC Financial Services Group, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022.
moregetty-images

Corporate Real Estate Investors Are Accelerating the Affordable Housing Crisis

With billions of dollars of cash on hand, and millions of working-class families unable to find affordable housing, corporations are increasing their share of the housing stock and expanding their portfolios.A 2021 report co-authored by the Institute for Policy Studies, Bargaining for the Common Good, and Americans for Financial Reform Education Fund demonstrated how corporate and institutional investors were well positioned to take advantage of a red-hot real estate market.
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