There was plenty of lively controversy-- consternation and even angry shouting at a midtown New York restaurant last night as two hedge fund mavens, two immensely successful internet investment services, a closely-followed fixed income adviser and two journalists met to hash over the economic and market controversies of our day. To my way of thinking, there was just about unanimous opinion that Ben Bernanke's 4 years of quantitative easing (QE) had for the most part benefited only the nation's wealthiest cohort-- without doing much practically to create more jobs for ordinary people.
As traditional automakers scramble to invest in ride-hailing and car-sharing services, a new study shows that they’re almost certainly going to end up cannibalizing their own customers.
The American Public Transportation Association (APTA) surveyed more than 4,500 users of shared mobility in seven U.S. cities and found that people who use services like Uber, Lyft and Zipcar are significantly less likely to buy a car and, if they do, tend to own fewer cars than those who don’t.
Chief Theresa Spence, controversial head of the Attawapiskat First Nation, earned more than $82,000 tax-free in 2013 — an 18.8% increase from 2011.
Colin Craig, Prairie director of the Canadian Taxpayers Federation, describes Chief Spence’s pay as “quite high.”
“Especially when you consider she serves a pretty small community, yet she makes more than the mayors of Thunder Bay and North Bay, Ontario. Ultimately, when cases of high salaries for aboriginal politicians arise, that means there is less money to help the grassroots,” Mr. Craig said.
The advertisement appeared in the rooms and shares section of an online classified website and offered “free rent for the right girl.”
“I’m an attractive mid 30s white male, clean, groomed, fit. Let’s drink tonight and see if we can make this work.”
The ad wasn’t the only one of its kind.
“Rent negotiable or open to alternate payment ideas.”
“Free rent for a female that is willing to play the roll (sic) of a wife.”
The Vancouver men posting these ads don’t always say it outright, but their intent is clear: sexual favours instead of rent.
NEW DELHI: To ensure compliance with FATCA -- the new US law to check offshore tax evasion -- regulator Sebi today asked all market intermediaries to follow reporting requirements prescribed by Income Tax Department in this regard. Under Foreign Account Tax Compliance Act (FATCA), foreign financial institutions that fail to give information about their American clients to US authorities would face 30 per cent withholding tax.
Inuit babies and children are being sold by their families, sometimes into prostitution, according to a new report funded by the Department of Justice that explores the wider issue of human trafficking of Inuit women and girls in Canada.
As The Fed tapers and shifts its decision-making process away from rules-based, model-backed strategies in favor of "we'll know when to tighten when we see it" qualitative hand-waving, it seems the need to maintain teams of PhDs - to mutually masturbate over the historical back-fitted effectiveness of their models - is lacking.
Vox Media, the company behind popular brands like sports site SB Nation and tech site The Verge, is putting out feelers about possibly raising another round of capital. We've learned this from a source on the other end of one of those feelers. Vox has already raised ~$40 million.