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Showing posts from December, 2020

: NYSE to delist 3 biggest Chinese telecoms to comply with Trump executive order

Activists cheer as 'sexist' tampon tax is scrapped

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Laura Coryton The 5% rate of VAT on sanitary products - referred to as the "tampon tax" - will be abolished from 1 January. EU law required members to tax tampons and sanitary towels at 5%, treating period products as non-essential. Chancellor Rishi Sunak committed to scrapping the tax in his March Budg et. Campaigners welcomed the end to what they called a "sexist tax", with activist Laura Coryton saying the move "challenged the negative message that this tax sent to society about women." Ms Coryton, 27, who began campaigning to end the tampon tax when she was 21, told the BBC: "Dropping the tax is about ending a symptom of sexism." Felicia Willow, chief executive of women's rights charity the Fawcett Society, agreed, saying: "It's been a long road to reach this point, but at last the sexist tax that saw sanitary products classed as non-essential, luxury items can be consigned to the history books....

: Ford and Indian auto maker Mahindra call off joint venture

The Wall Street Journal: Pence seeks dismissal of suit seeking to allow him to overturn election results

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Vice President Mike Pence asked a federal judge in Texas on Thursday to dismiss a Republican congressman’s attempt to give him the power to decide which electoral votes to count when Congress meets on Jan. 6, dealing another blow to GOP efforts to install President Trump for a second term. In court filings signed by Trump appointees, the Justice Department called the lawsuit, filed this week by Rep. Louie Gohmert of Texas, a “walking legal contradiction” because it takes aim at the vice president, “ironically the very person whose power they seek to promote.” The lawsuit, filed by Gohmert and a number of Republicans in Arizona, challenges the procedures governing Congress’ counting of electoral votes next week, which will cement Democratic President-elect Joe Biden’s victory. Those long-established measures, spelled out in the Electoral Count Act of 1887, say the vice president’s role in announcing the election results is purely ceremonial. Gohmert argued the process unconstit...

The Wall Street Journal: U.S. to target more French, German wines, spirits with 25% tariffs

Market Extra: Dollar suffers first annual drop since 2017

The Moneyist: I earned $100,000 in 2019, but far less in 2020. Why did I not get a stimulus check? How is that fair?

Brexit: UK braced for changes as it cuts ties to EU

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The UK will cut ties with the European Union at 11pm - almost a year after officially leaving the 27-nation bloc. The trade deal agreed between Boris Johnson and EU chiefs avoids the need for import taxes - tariffs - which many businesses had feared. But there will still be major changes to rules on travel, immigration, commerce, living and working abroad - as well as crime fighting and security. Haulage firms remain concerned about hold-ups at ports. Fears of giant tailbacks of lorries at Dover - in the event of a no-deal exit from the EU single market and customs union - have receded, but uncertainty remains about new customs rules. Dover-Calais route 'will work well on 1 January' A quick guide to what's in the Brexit deal Brexit: Seven things that will change Several things will change from 23:00 GMT: Free movement of people between the UK and EU countries will end - to be replaced in the UK by a "points-based...

The Moneyist: ‘I’m lucky to get by on $75,000 a year’: The $600 stimulus program doesn’t sound reasonable to me. Why am I left out?

The Moneyist: ‘They get free money’: People will receive a $600 stimulus check and $300 extra unemployment. Why is there no accountability?

Covid rule-breakers 'have blood on their hands'

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Hugh Montgomery People who do not follow social distancing rules or wear masks "have blood on their hands", an intensive care doctor has warned. Prof Hugh Montgomery told BBC Radio 5 Live hospitals were facing a "tsunami" of Covid cases and he feared it would get worse after New Year's Eve. He urged people to accept that it was going to be a "miserable" occasion this year and not to gather in groups. It echoes official advice to stay at home and not hold parties. About 44 million people in England are now living under the toughest level of Covid restrictions after tier four was expanded at midnight. Millions told to remain at home on New Year's Eve Which areas are going into tier four and what are the rules? Five ways to avoid catching coronavirus indoors A further 50,023 new Covid cases were recorded in the UK on Wednesday, as well as 981 more deaths within 28 days of a positive test - more than double th...

Europe Markets: European markets down on further COVID worries

Autotrader: 3-row SUVs compared: The 2021 VW Atlas vs. the 2021 Subaru Ascent

NerdWallet: 10 financial insights to ponder in the new year

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This article is reprinted by permission from NerdWallet .  The importance of money has less to do with affording the newest iPhone or measuring career success, and far more to do with the core of being human: freedom, ego, stress and relationships. How we use and think about money — not just accumulating lots of it — literally can determine our happiness during the roughly 30,000 days many of us are privileged to be alive. Those are a few of the big-picture insights I learned in 25 years of writing about money. In 1995, some of the last millennials were being born, a jury said O.J. Simpson was not guilty and “Toy Story” played in theaters. It’s also the year I became business news editor at a daily newspaper in Pennsylvania, where I started editing guest columns written by local financial planners and stock brokers. I quickly became fascinated with the baffling world of personal finance. How could I graduate from college — with a business degree, no less — and still not kn...

Next Avenue: Where there’s smoke: My husband’s habit could not be conquered

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This article is reprinted by permission from  NextAvenue.org . This essay is part of Telling Our Stories , a series of 12 essays featuring the voices of Next Avenue readers, with support from Aroha Philanthropies.   Smoking seemed so cool to me as a kid. My glamorous mother smoked. She had a ritual of gathering her cigarette holder, glitzy gold cigarette case with matching lighter and other smoking paraphernalia together with her morning coffee. She dazzled my saucer-sized kiddie eyes more than any Hollywood star ever could. I watched her with such ardent admiration that by age 7, I could light a cigarette with her lighter, inhale the smoke, blow it out through my nose and tap the lit ciggy against an ashtray at just the appropriate moment when the ash still looked sexy but not ready to drop. Mama, horrified at my skill, quit smoking. So did I. But in the 1970s, Virginia Slims told me, “You’ve come a long way, baby!” Women smokers raced to stack up just as many cool poi...

MarketWatch Premium: Rarely have market timers been as bullish as they are now, which is a warning sign for stocks

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Market timers in the stock market are more bullish today than at almost any other time this century. That bodes ill for the stock market over the next few weeks. Consider the average recommended stock market exposure level among a subset of several dozen stock market timers that my firm monitors daily. (This average is what’s reported as the... Let's block ads! (Why?) December 31, 2020 at 09:21PM http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1C029E2950E%7D&siteid=rss&rss=1

Covid-19: School closures will be 'as short as possible'

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Getty Images The education secretary said there is "absolutely no reason" schools will not be ready to roll out mass testing. Gavin Williamson told BBC Breakfast he wanted school closures to be as "short as possible" after delaying the reopening of schools in at-risk areas. It comes as people are being warned to avoid New Year's Eve celebrations amid surging coronavirus cases. Some 20 million people in England have been told to "stay at home" after tier four was expanded at midnight. They join the 24 million already in the toughest restrictions. On Wednesday, Mr Williamson announced that around one million pupils in at-risk areas would not return to school as planned on Monday - when term is due to start. The education secretary told BBC Breakfast that remote learning would be "mandatory" from the week commencing 11 January for all secondary students, other than years 11 and 13 who would physically return ...

What's Worth Streaming: What will streaming bring in 2021? Here are 5 things to watch

British Pound Aiming Higher as UK Lawmakers Approve Brexit Trade Deal

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British Pound, Brexit Trade Deal, GBP/JPY, GBP/USD, IGCS – Talking Points: Equity markets traded mixed during the APAC session in light pre-holiday trade. The ratification of Britain’s post-Brexit trade deal with the EU may bolster the British Pound . GBP/USD challenging key range resistance. GBP/JPY poised to extend recent topside push as price pierces psychological resistance. Advertisement Asia-Pacific Recap Equity markets traded mixed during Asia-Pacific trade in thin pre-holiday trading volumes, as investors mulled the pace of global vaccine distributions. Australia’s ASX 200 slid 1.43% as Victoria ended a 61-day virus-free streak, recording 6 new locally-acquired Covid-19 cases, and infections in New South Wales continued to climb. Japan’s Nikkei 225 also slipped lower as Tokyo recorded over 1,000 new infections. China’s CSI 300 index stormed 1.45% higher despite registering a slowdown in manufacturing and non-manufacturing activity in December, as Sinopharm anno...

: If you moved in 2020, take these steps to avoid a surprise state income-tax bill in the New Year

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Millions of people made long- and short-term moves this year, dislodged by job loss or aware that remote work could unlock all sorts of possibilities for where to live. What they might not be aware of: The state income-tax bill. “It’s something a lot of individuals are navigating,” said Jeremiah Barlow, executive vice president and head of family wealth services at Mercer Advisors, a wealth-management firm. Around 10% to 20% of his own clientele is dealing with relocation and state income-tax issues, Barlow told MarketWatch. The tax pains could be acute for filers in certain places where working hubs are near various state lines, like the New York , New Jersey and Pennsylvania region, said Edward Zollars of Thomas, Zollars & Lynch, an accounting and tax-services firm in Phoenix, Ariz. An estimated 14 to 23 million people were planning a move this year due to their remote work status, according to projections from a 20,000-person October survey conducted by Upwork, a job-hi...

The Moneyist: ‘I planned to buy new tires for the winter’: I didn’t get a stimulus check because I owe back child support. It’s so morally wrong. Will I get one this time?

The Moneyist: My husband, 67, wants to leave his $2 million estate and home to his disabled daughter and his sister’s kids. Can he do that? I could outlive them

Market Extra: Is the stock market open? Here are the market hours on New Year’s Eve and Day

: J.C. Penney CEO Jill Soltau ousted by new owners

Covid: New Year's Eve warning as millions are told to 'stay at home'

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Getty Images People should avoid New Year's Eve celebrations because "Covid loves a crowd", officials warned as millions entered the toughest restrictions tier. It is vital parties do not take place and that people stick to the rules, NHS England's Prof Stephen Powis said. Some 20 million more people in England have been told to "stay at home" after tier four was expanded at midnight. They join 24 million who were already living in England's top tier, which prohibits indoor household mixing. Meanwhile, many parents in England are attempting to determine whether their children will return to school when the new term, due to begin for most pupils on Monday, gets under way. Local authorities said they were still working through the details after Education Secretary Gavin Williamson announced in the Commons on Wednesday that around a million primary pupils in at-risk areas will not return to school next week. The staggere...