A Race the Whole World Is Watching
Mayowa Abeshina should, really, be at work. It is the middle of Sunday afternoon, and he has not yet finished his shift at the barbershop. He is here, clad in…
Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation | naked capitalism
Last night, Bloomberg broke the story that Turkiye has suspended all trade with Israel. The Bloomberg account noted that Turkiye had announced the day before that it was joining South…
U.K. Conservatives Suffer Sharp Setbacks in Early Results of Local Elections
Britain’s Conservative Party suffered striking early setbacks on Friday in local elections that are viewed as a barometer for how the party will perform in a coming general election and…
Witness Who Extracted Secret Tape of Trump Will Return to the Stand
Donald J. Trump’s defense team in his criminal trial spent Thursday on the attack. They portrayed him as an unwitting victim, suggesting that his campaign had been extorted by an…
How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise
It is a problem bedeviling local governments nationwide: How can they pay for city services at a time of limited funds and rising costs? In New York City, Mayor Eric…
Taxing Income from Wealth Can Always Raise More Money Than a Wealth Tax | naked capitalism
Yves here. We’ve repeatedly pointed out that as much as they are emotionally appealing, wealth taxes do not work well in practice. Even the more cost-effective version of a wealth…
Nasdaq April 2024 Volumes
NEW YORK , May 02, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for April 2024 on its investor relations website. A data sheet showing this information…
TaxCast #142: Blockchain Havens | naked capitalism
Yves here. As we warned from the outset, the use cases for cryptocurrencies are tax evasion and other criminal activity, and speculation. This TaxCast describes how blockchain plus crypto are…
Opinion | The Cruel Spectacle of British Asylum Policy
Last week Britain’s Parliament passed a law that seeks to redefine reality. The Safety of Rwanda Act declares Rwanda a “safe” country, regardless of the evidence to the contrary —…
Make a Great Taco Even Better With Jackfruit
Perhaps to outsiders, it appears forbidding. Its reptilian hide evokes the flank of a dormant dragon. Its fragrance when ripe is, how shall we say, strong. (Like the durian, it…