"In a 2011 Times Op-Ed, Warren #Buffett decried the treatment of #carriedinterest, which allowed him to report a lower tax rate than his secretary. A minimum tax on millionaires was proposed shortly thereafter & dubbed the '#BuffettRule.'”
1. "The #carriedinterestloophole might finally disappear. Profits earned from funds owned by real estate investors & mgrs of #privateequity & #venturecapital firms are taxed as #capitalgains at about 20%, instead of as regular income, which is taxed at more than double that rate"
2. "#Privateequity executives are also worried that the Biden administration may limit the tax deductibility of corporate interest payments, which would be another hit to their business model."
3. "Some in Washington believe any tax proposals will get watered down, particularly given Democrats’ slim margin of control in #Congress. And the potential changes to the #capitalgains tax would affect only the 0.3% of Americans who reported annual incomes of $1 million or more"
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"Each day, the government reports more than 300,000 new infections, a world record, & #India is now seeing more new infections than any other country by far, almost half of all new cases in a global surge."
1. "Millions of people refuse to even step outside — their fear of catching the virus is that extreme. Accounts from around the country tell of the sick being left to gasp for air as they wait at chaotic hospitals that are running out of lifesaving oxygen."
2. "The sudden surge in recent weeks, with an insidious newer variant possibly playing a role, is casting increasing doubt on India’s official Covid19 death toll of nearly 200,000, with more than 2,000 people dying every day."
"Ms. Khan, a law professor & a former staffer at the #FTC who President Biden nominated to the agency in March, warned of the cascading power of tech companies that has allowed them to easily expand their reach across markets."
1/ "In a 2017 Yale Law Journal article titled 'Amazon’s Antitrust Paradox,' she questioned the bias of #antitrust experts toward #consumerprices as the key metric for antitrust violation."
2/ "Even though Amazon offers consumers lower prices in many cases, she argued the company could harm competition by squeezing out #smallbusiness rivals who rely on its marketplace."
"Plans for the elitist, money-grabbing league were unveiled Sunday night, triggering universal condemnation and galvanizing #fans against the 12 owners who proposed the tone-deaf breakaway."
1/ "The #SuperLeague collapsed under the weight of its own greed less than 48 hours after it was introduced, & Henry posted an apology video hours later in which he said, “The project put forward was never going to stand without the support of the fans....'"
2/ '...No one ever thought differently in #England. Over these 48 hours you were very clear that it would not stand. We heard you. I heard you.'”
"The post resonated at a time when weary people across the world are experiencing #ennui, 3dread & more work-related #stress during the coronavirus pandemic."
1/ "Since he described his epiphany a week ago, his post has been liked over 200,000 times. It has received more than 10,000 comments from readrs describing how their own brushes w death had led them to step back from work & take stock of the way they had been livng their lives."
2/ "Even those who have been lucky enough to keep their jobs have questioned their #purpose in life as they spend long hours on #Zoom calls and answer #emails into the night."
1/ "The Russian health authorities also tested about 200 of the people involved in the cleanup of the farm in #Astrakhan, using nasal swabs and later blood tests for antibodies. They reported that for the first time, #H5N8 had jumped to people."
2/ "Seven of the workers appeared to have been infected with the virus, although none of them became ill. Only one of those seven cases, however, was confirmed by genetically sequencing the virus."
"A lethal, fast-paced second wave of the coronavirus pandemic has brought #India’s health care systems to the verge of collapse & is putting millions of lives & livelihoods at risk."
1/ "The newspapers & social media are scrolls of horror & failure of the health system. There are reports of lines of ambulances with patients waiting outside the largest Covid facility in #Ahmedabad in the western state of Gujarat because ventilator beds & oxygen had run out."
2/ "At a crematory in the central city of #Bhopal, residents reported having not seen as many cremations since 1984, when a gas leak from a Union Carbide pesticide plant in the city killed around 5,000 people."