Tag: Economy

U.S. & World News

One hundred millionaires sign onto wealth tax

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By Morgan Miles, Staff Writer Over 100 billionaires and millionaires from equality advocacy groups became signatories on a letter that implores political and business leaders around the world to tax the rich at higher rates. A joint initiative between Patriotic Millionaires, Millionaires for Humanity and TaxMeNow, some of the world’s richest people signed a letter that called for fairer tax systems. Disney heiress Abigail Disney and early Amazon investor Nick Hanauer are the most notable signatories. The open letter — named “In Tax We Trust” — was written for attendees of the virtual 2022 World Economic Forum meeting in Davos, … Continue reading One hundred millionaires sign onto wealth tax

U.S. & World News

Stimulus check update: What are we really getting?

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Column: Will’s Business Corner Written By: Will Pembroke, Multimedia Show Manager Within the past year, much debate has surrounded the role of state and federal governments in supplying economic aid to those in need who are suffering as a result of the COVID-19 pandemic. As of today, there have been two economic stimulus packages passed, providing $1,200 and $600 individual stimulus checks, respectively.  Each of the two packages passed so far have also approved billions of dollars in funding to small businesses, primarily by way of Payment Protection Program (PPP) loans. These PPP loans are designed to help businesses keep … Continue reading Stimulus check update: What are we really getting?

U.S. & World News

Wall Street investors seek out small business for profit

xaviernewswire

Column: Will’s Business Corner By: Will Pembroke, Multimedia Show Manager Small businesses are likely not the first thing that comes to mind when you hear the name Amazon, but think again. As of late, major players on Wall Street, Advent International and JPMorgan Chase & Co. have begun dabbling in the market of small business by pumping billions of dollars into startups, mom and pop shops and other currently unprofitable businesses. With their access to capital and business expertise, investors believe they can find popular products on Amazon and turn them into global brands.  This new wave of high-risk gambling … Continue reading Wall Street investors seek out small business for profit