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1 Article
Source: Common Domain

The right way to attack the budget deficit is to cut spending, not to raise taxes

Today 06:04 GMT

Some Democrats want to substantially raise income taxes on the rich, both to reduce income inequality and to cut the federal deficit.

It will produce a short-term economic cost unless the higher taxes for the rich are offset by lower taxes for the middle class that could spur more consumer spending. In addition, basic principles of public finance show that a smarter way to tax the rich more is by reducing tax loopholes and deductions rather than raising tax rates.

1 Article
Source: Common Domain

Banking apps use behavioral economics to change our money habits

Today 03:19 GMT

Here’s how tech tools can nudge us to save — with clues from behavioral economics, a field that explores how our thoughts and feelings affect how we handle money.

“Making something default or automatic is a great way to overcome issues of self-control,” says Jeff Kreisler, co-author of the behavioral economics book “Dollars and Sense” and editor in chief of PeopleScience.com. But automating a fixed-amount transfer offers the luxury of dropping a task from your to-do list.

1 Article
Source: Reuters

Swedish student leader wins EU pledge to spend billions on climate

Today 03:19 GMT

The European Union should spend hundreds of billions of euros combating climate change during the next decade, its chief executive said on Thursday, responding to a Swedish teen who has inspired a global movement of children against global warming.

Politicians’ failure to act “would be the greatest failure of human history and they will be remembered as the greatest villains of all time,” she said.

1 Article
Source: Common Domain

First-Time Buyers in the U.K. Buying and Spending More

Thursday 20:55 GMT

The number of first-time buyers climbing onto the property ladder in the U.K. hit a 12-year high in 2018, according to a report Tuesday from UK Finance, a trade association for the U.K.’s banking and financial services sector.

First-time buyers spending £300,000 or less on a property purchase will also be exempt from stamp duty tax, a levy that is being partially blamed for the slow down in the U.K.’s real estate market.

1 Article
Source: Reuters

Want to win an Oscar Spend millions on the film campaign trail

Wednesday 21:51 GMT

Add millions of dollars for TV and digital ads, plus actors’ travel, hair and makeup for events to promote their work on the busy film campaign trail.

“They’ve successfully reintroduced this comic book movie as a very serious artistic endeavor,” he said, “and they’ve been rewarded for that.”


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte