Nearly four decades after investor George Gilder’s book “Wealth and Poverty” helped shape the economic policies of Ronald Reagan, Gilder sits down to discuss his forthcoming book “Life After Capitalism.” “As Peter Thiel declares, in the past, when you went public as a company, you gained new influence and power and marketing ability, and new…
PREMIERING 7:30PM ET: George Gilder on ‘Emergency Socialism,’ Accommodating Surprise, and Separating Power From Knowledge
January 2, 2023
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American Thought LeadersBusiness & MarketsCOVID-19economic policieseconomicseconomyEpochTVgeorge gilderLive VideossocialismUSVideo
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Canada Bans Most Foreigners From Buying Residential Property
January 2, 2023
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Business & MarketsCanadaeconomic policiesforeign banGlobal Real EstateInvestmentpersonal financereal estateresidential propertyWorld
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The Canadian government has implemented a temporary ban on foreigners buying residential property for two years. The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect Jan. 1, as Ottawa attempts to ease a housing shortage among Canadian citizens. The ban was approved by the Canadian Parliament on June 23, to make homes…
Millions of Americans Get Bigger Social Security Payments as Cost-of-Living Adjustment Kicks In
More than 7 million Americans were slated to begin receiving bigger government benefit payments on Dec. 30 after soaring inflation prompted a near-record high 8.7 percent cost-of-living adjustment (COLA) which, as the year progresses, will ultimately see nearly 70 million people getting a benefit boost. Social Security and Supplemental Security Income (SSI) benefits were slated…
Dollar Creeps Up in Subdued Start to New Year
LONDON—The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies. The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end. Sentiment remained fragile and the first trading day of the year was subdued, with many countries, including big trading…
World Markets Mixed After S&P 500 Ends Worst Year Since 2008
January 2, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares began the year mixed, with European benchmarks opening higher on Monday after a lackluster session for the few Asian markets not closed for New Year holidays. U.S. markets are also closed. This week brings employment data and minutes from the latest meeting of the Federal Reserve, as 2023 begins with persisting uncertainties over the…
IRS Increases Deductible Costs for Mileage by 3 Cents per Mile in 2023
The optional standard rate for deductible costs for operating an automobile for business will increase to 65.5 cents per mile in 2023, a 3-cent increase from the current rate, according to the IRS. The new rates begin Jan. 1 and apply to electric and hybrid-electric vehicles, gasoline, and diesel-powered vehicles, according to an IRS news…
Greens Accuse Government of Subverting Democratic Processes Over Move to Address Housing Crisis
January 1, 2023
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Australiaaustralia housing crisisBusiness & Marketseconomic policiesGlobal Real EstateJulie Collinsmax-chandler matherreal estateWorld
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The Greens have said they will target the federal government’s National Housing Supply and Affordability Council after Housing Minister Julie Collins announced that the outgoing CEO of property developer Mirvac, Susan Lloyd-Hurwitz, will head up the interim body. Max-Chandler Mather, the Greens spokesperson for Housing and Homelessness, said the decision to appoint a property developer as…
PREMIERING 1/2 at 7:30PM ET: George Gilder on ‘Emergency Socialism,’ Accommodating Surprise, and Separating Power From Knowledge
December 30, 2022
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American Thought LeadersBusiness & MarketsCOVID-19economic policieseconomicseconomyEpochTVgeorge gilderLive VideossocialismUSVideo
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Nearly four decades after investor George Gilder’s book “Wealth and Poverty” helped shape the economic policies of Ronald Reagan, Gilder sits down to discuss his forthcoming book “Life After Capitalism.” “As Peter Thiel declares, in the past, when you went public as a company, you gained new influence and power and marketing ability, and new…
Wall Street Opens Lower on Last Trading Day of Torrid Year
Wall Street’s main indexes opened lower on the final trading day of a roller-coaster year marked by aggressive interest-rate hikes to curb inflation, the Russia-Ukraine war, and recession fears. The Dow Jones Industrial Average fell 99.19 points, or 0.30 percent, at the open to 33,121.61. The S&P 500 opened lower by 20.22 points, or 0.53…
US Dollar Index Set for Biggest Annual Gain Since 2015
LONDON/SINGAPORE—The dollar was on track for its biggest annual gain since 2015 on Friday, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. European stock indexes were in the red in early trading on Friday. Asian equities had risen earlier in…
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