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Businesses step up fight vs. Obama White House rules to target tax avoidance
WASHINGTON — Businesses are pushing back at Obama White House proposals aimed at eliminating corporate inversions, a controversial strategy in which companies merge with foreign firms to escape higher...
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China likely to repeat Japan’s lost decades with debt, unbalanced economy...
WASHINGTON — China is likely to fall into the same economic trap as Japan did to muddle along with sluggish growth as it hesitates to deal with the overcapacity and excess debt issues, economists told...
View ArticleChina’s credit addiction could cause ripple effect on the U.S. economy
WASHINGTON — The credit bubble in China may not deal a direct blow to the American economy, but its side effects could be troubling, experts said at a Senate hearing Thursday. “Those earlier crises...
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EU unlikely to move soon to strip London of clearinghouse business, finance...
WASHINGTON — The European Union probably won’t try to wrest a lucrative financial clearinghouse away from London anytime soon, but the euro-denominated business could eventually be moved to the...
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Business groups protest rules meant to tackle inversions
WASHINGTON–Critics are imploring the Obama administration to withdraw or change proposed tax regulations aimed at eliminating controversial strategies such as earnings stripping and corporate...
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Obama to address tax evasion, money laundering at G-20, aide says
WASHINGTON — President Barack Obama is expected to address a growing sense of protectionism in world markets by promoting stronger measures to deal with global tax evasion and money laundering at a...
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Low interest rates a growing threat to Social Security
WASHINGTON — Record-low yields on U.S. Treasurys endanger the long-run solvency of Social Security and the future retirement benefits for younger generations of Americans, economists say. Newer...
View ArticleObama adviser says cyberthreat response rests on private sector cooperation
President Barack Obama’s top cybersecurity adviser said the next president should keep focusing on cybersecurity concerns by forming strong partnerships between government and the private sector....
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Healthcare costs to continue rising for large U.S. employers
WASHINGTON, Aug. 9 — Healthcare costs at large U.S. companies are expected to increase 6 percent for a third consecutive year in 2017, according to a survey conducted by a group focusing on national...
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China will let yuan weaken further as dollar rises, analysts say
WASHINGTON — A stronger U.S. dollar will likely lead to a gradual depreciation in the yuan over the next 12 months as China strives to limit economic volatility. That’s the view of some economists and...
View ArticleEliminating the Minimum Wage: Inside Gary Johnson’s Plan
WASHINGTON — Raising the minimum wage is a hot topic in the 2016 campaign, made more interesting by Libertarian presidential candidate Gary Johnson’s plan: he wants to eliminate the 78-year-old...
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In one Pennsylvania steel town, steelworkers are protecting the legacy
WEST MIFFLIN, PA. — Along the Monongahela, stretching from West Virginia to downtown Pittsburgh, a few steel plants still shadow the river banks, supporting thousands of families with good- paying...
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Uber tipping policy causes headaches for drivers
To tip, or not to tip. That is the question Uber and Lyft customers are facing these days. Uber’s insistence on not including in-app tipping is frustrating drivers, complicating the future for...
View ArticleNews on interest rates, Brexit expected at Fed conference
WASHINGTON—The annual Federal Reserve economic policy symposium that starts Thursday in Jackson Hole, Wyoming offers an opportunity for Fed Chair Janet Yellen to signal her intentions on interest rates...
View ArticleDemocrats urge Obama to take action in National Park struggle
WASHINGTON— Democrats are urging President Barack Obama to sidestep congressional Republicans who are blocking increased funding for the National Park Service and use his executive authority to expand...
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Libertarians say Brexit may give the U.K. more economic opportunities
WASHINGTON–Great Britain’s decision to leave the European Union caused that nation’s currency to tumble and many to fear how Europe would move forward, but libertarians say Brexit may provide the U.K....
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