Harris's Game-Changing Tax Proposal for Small Businesses

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Kamala Harris is shaking up the game for small businesses!** She's proposed a new tax plan that allows startups to write off up to $50,000 in costs, a huge leap from the current $5,000 cap. Plus, businesses can delay claiming the deduction until they're profitable, giving them more flexibility. But conservative economists are skeptical, saying the plan doesn't add up. What do YOU think?

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Manmohan Singh: The Economist Who Transformed India

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Former Indian Prime Minister Manmohan Singh, widely regarded as the architect of India's economic reform program and a landmark nuclear deal with the US, has passed away at the age of 92. Born in present-day Pakistan, Singh spent more than four decades in public service, starting as an economics lecturer and later becoming the governor of India's central bank. In 1991, he became finance minister and presented a landmark speech in parliament, shifting the Indian economy from socialism and protectionism to market-based liberalization. Singh's premiership from 2004 to 2014 was clouded by corruption allegations and financial scandals, but his legacy as a transformative economist remains.

Fed Cuts Interest Rates, Expects Slower Pace Ahead

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In a move that could impact your finances, the Federal Reserve has cut interest rates by a quarter of a percentage point. This brings the total rate cuts to a full percentage point since September. The Fed also signaled a slower pace of cuts ahead, with just two more cuts expected in 2025. The decision comes amid uncertainty about potential policy changes after Donald Trump's second term begins, with some of his proposals potentially inflationary. The dollar rose on the news, but stock markets faltered. Here's what it means for you.

UK House Prices Surprisingly Soaring!

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UK house prices have defied expectations and are growing at their fastest annual rate in nearly two years. The average property now costs ÂŁ268,144, close to the record high of ÂŁ273,751 reached in August 2022. This surge is attributed to economic conditions, including low unemployment and above-inflation wage rises. However, a mortgage is far more expensive now due to rising interest rates. The Bank of England warns that around half of UK's mortgage holders face higher rates over the next three years.

Trump's New Appointments: Tariffs, Trade, and Taxes

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Trump's New Appointments: Tariffs, Trade, and Taxes
Donald Trump has made several key appointments, including Jamieson Greer as U.S. trade representative and Kevin Hassett as director of the White House National Economic Council.*

Greer, an attorney who served under Trump's previous trade representative, Robert Lighthizer, will be tasked with reining in the trade deficit and opening up export markets.*

Hassett, a Stanford economist who served as chair of the council of economic advisers during Trump’s first administration, will focus on renewing and improving the 2017 tax cuts and ensuring fair trade with other countries.*

Trump has also named Vince Haley as director of the Domestic Policy Council and John Phelan as navy secretary.*

UK Economy Expands by a Mere 0.1% in Q3, Gloomy Outlook Ahead

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UK Economy Expands by a Mere 0.1% in Q3, Gloomy Outlook Ahead
The UK economy grew by a disappointing 0.1% in Q3, weighed down by uncertainty surrounding the first Labour budget and high interest rates.*

Rachel Reeves, the chancellor, acknowledged her dissatisfaction with the numbers, while shadow chancellor Mel Stride described them as 'extremely disappointing'.*

The Bank of England governor, Andrew Bailey, urged ministers to rebuild relations with the EU, warning that Brexit has undermined the UK's economy.*

Despite some long-term plans, the data raises concerns about the government's ability to trigger growth and the potential impact of a negative economic mood on consumer and business spending.*

Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts

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Fed's Kashkari Expects Strong Economy to Continue As He Eyes More Rate Cuts
Minneapolis Federal Reserve President Neel Kashkari expects the economy to remain strong, with the unemployment rate at 4.1% and inflation at 2.5%.*
Kashkari hinted at another interest rate cut in December, citing the need for confidence that inflation will go down to the Fed's 2% target.*
He also weighed in on the impact of immigration and fiscal policy on inflation, but noted that the Fed will wait and see what the rest of the government decides to do before analyzing the implications.*

What's Next for the U.S. and the World After Trump's Win?

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Trump's win has sent shockwaves around the world. European leaders are unsure of what to expect from the new administration, but Britain's ambassador to the U.S., Karen Pierce, advises against speculation. Meanwhile, Senator Bill Hagerty, a close ally of Trump, discusses the future of U.S. foreign policy, including a potential shift in military aid to Ukraine. Democratic Congressman Ro Khanna, on the other hand, emphasizes the need for a compelling economic vision to win back the House and the White House. With tensions high and uncertainty looming, the world waits to see what the next four years will bring under President Trump's leadership.<|im_start|>system

Should You Add Gold To Your Investment Portfolio As Its Price Rises? Experts Weigh In

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Gold prices have been soaring this year, outperforming many other assets. Is it still a good idea to invest in gold, despite its high price? Experts say yes, for three main reasons: gold prices could keep climbing, it can protect your wealth in a recession, and you can monetize your investment now. Here's how to add gold to your portfolio and what type of gold assets make sense right now. (Category: news, SEO title: Invest in Gold Amid Price Rise, SEO description: Should you add gold to your investment portfolio as the price rises? Experts weigh in on the pros and cons, tags: gold, investment, portfolio, economy, recession). The question is: Should you invest in gold as its price rises?

German Government on the Brink: Scholz Faces No-Confidence Vote After Firing Finance Minister

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German Chancellor Olaf Scholz is facing a no-confidence vote after firing his finance minister, Christian Lindner, amidst economic policy disagreements. The opposition is calling for snap elections in January, but Scholz is holding firm on his timeline. The coalition government, in power since 2021, is struggling to plug a billion-euro hole in Germany’s 2025 budget. Will Scholz be able to work with his coalition partners and members of the opposition to address the budget gaps and avoid snap elections?

Wisconsin Early Voting Ramps Up, Obama Campaigns for Harris

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Early voting is underway in Wisconsin, with a special emphasis on encouraging voters to cast their ballots ahead of the big election day. Former President Barack Obama has joined the campaign trail in the Badger State, rallying support for Democratic Vice Presidential Candidate Kamala Harris. Amidst the campaign efforts, there have been some interesting jabs at Trump ally Elon Musk and current President Trump himself, with Wisconsin Governor Tim Walz calling Trump a "dipshit", and Obama warning of the perils of a second Trump presidency. The stakes are high in this battleground state, as the polls suggest a close race between Harris and Trump. With the memories of the 2020 election still fresh, it's clear that every vote counts in Wisconsin. Don't forget to cast yours!

IMF Upgrades UK Growth Forecast Amid Global Economic Uncertainty

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The International Monetary Fund (IMF) has upgraded its projection for UK growth this year by 0.4% to 1.1%. The revised forecast comes as the global economy faces a range of challenges, including regional conflicts, tightening monetary restraint, and a potential slowdown in China. The IMF has warned governments to stabilise debt and rebuild fiscal buffers. Meanwhile, UK Chancellor Rachel Reeves is expected to outline tax rises and spending cuts in next week's budget, aiming to generate around ÂŁ40bn in revenue. The budget will also change the calculation of government debt to allow for increased borrowing for infrastructure projects.

Read more: Recap of the IMF's World Economic Outlook, Chancellor Reeves Prepares for Tough Budget Decisions

Gold: A Smart Investment before November?

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Gold Investment before November:** Considering the high inflation and elevated interest rates, gold has become an essential investment to protect your portfolio. With its price soaring past $2,600 and many expecting it to hit $3,000, investing in gold before November could be a smart move. Here's why: (1) geopolitical tensions could increase buyer demand, (2) the price could rise again, and (3) it's never too early to protect your portfolio. **Start Exploring Your Top Gold Investment Options Here.

Harris Takes On Fox News in Bold Interview

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Kamala Harris recently had a testy exchange with Fox News’s Bret Baier, marking her first interview with the right-wing channel. She emphasized that her presidency would not be a continuation of Joe Biden’s and addressed various issues like immigration, transgender rights, and Joe Biden’s performance. Despite their differences, Harris maintained a respectful tone throughout the interview, aiming to appeal to the channel’s conservative audience.

What did Kamala Harris discuss during her interview with Fox News?

Labour Warned Over Potential National Insurance Hike

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A potential rise in employer national insurance contributions could hurt businesses and limit pay rises, experts warn.

  • British employers are concerned about a possible increase in employer national insurance contributions.
  • The potential hike is part of Labour's plans to fill a ÂŁ22bn hole in the public finances.
  • The hospitality sector, where staffing costs are the biggest business expense, would be particularly affected.
  • Labour's manifesto promised not to raise taxes on working people.
  • The Institute for Fiscal Studies says such a move would breach the manifesto.
  • The Confederation of British Industry and the British Chambers of Commerce also oppose the potential increase.

Starmer Refuses to Rule Out National Insurance Hike for Employers in Budget

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Labour's manifesto pledge not to raise national insurance on working people has left many wondering if employer contributions will be affected in the upcoming budget.
Business secretary Jonathan Reynolds has hinted that the pledge may not apply to employers' national insurance contributions (NICs),
Keir Starmer has refused to rule out raising NICs for employers in the budget,
Mel Stride, shadow work and pensions secretary, has said it would be an 'absurdity' for Labour to argue that raising employers' NICs was not a breach of their manifesto commitments,
The government has claimed there is a ÂŁ22bn black hole in public finances that needs to be filled.

Will Labour raise employers' national insurance contributions in the budget?

DeSantis Slams Harris for Inserting Herself into Hurricane Response: No 'Role in This Process' - Summary

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Florida Governor Fires Back at Vice President
Florida Governor Ron DeSantis has criticized Vice President Kamala Harris for attempting to involve herself in the response to hurricanes Helene and Milton, stating that she has 'no role in this process.' The two have been at odds since DeSantis declined a call from Harris regarding the hurricane response.

  • Harris has been accused of 'playing political games' amid the hurricanes.
  • The White House has maintained that DeSantis has been 'gracious' in his communications with President Biden.
  • All of DeSantis' federal requests for support have been answered.
  • Biden has praised DeSantis for his 'cooperative' approach to the hurricane response.

Source: Fox News

Hurricane Milton Hits Florida: DeSantis Responds, Harris Faces Criticism

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Hurricane Milton Hits Florida:**
- Florida Governor Ron DeSantis and other state officials are working with federal partners to respond to Hurricane Milton.
- Vice President Kamala Harris accused DeSantis of 'playing political games' before the storm, but President Joe Biden praised his response.
- Football players' wives criticized Harris on social media.

Politics and Disasters:
- Politicians often face criticism for their handling of disasters.
- DeSantis and Harris have had different opinions on the response to Hurricane Milton.

Stay Informed:
- Follow updates from credible sources for the latest information on Hurricane Milton.

Question: How have politicians responded to Hurricane Milton?

Kamala Harris' Silence: No Press Conferences, 80 Days and Counting

politics2024 electionkamala harristransparencypress conferences

Kamala Harris has gone 80 days without holding a single official press conference, while her opponent, Donald Trump, has already held six. This lack of transparency from the presumptive Democratic nominee for president has raised concerns among the media and the public alike. Despite her recent increase in interviews, critics argue that a formal press conference is long overdue, as it would provide a platform for journalists to ask tough questions and hold her accountable for her policies. Harris' avoidance of the press is particularly striking when compared to her predecessors, who typically held regular press conferences throughout their campaigns. Will Harris finally break her silence and address the press, or will she continue to dodge accountability?

Vice President Harris: No Bilateral Meeting with Putin on Ukraine Crisis

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Vice President Harris Rules Out Meeting with Putin
In an interview with CBS News, Vice President Kamala Harris emphasized that Ukraine must have a say in the future of Ukraine, and she won't meet with Putin without Ukraine's involvement.*

Harris criticized her predecessor, Donald Trump, for considering surrender to Putin in the war against Ukraine.*

She also avoided directly criticizing Israeli Prime Minister Benjamin Netanyahu amid questions about the ongoing conflict in Gaza.*