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When High Inflation Meets High Job Rates | GZERO World

When high inflation meets high job rates

We live in odd economic times.

Polls show Americans now feeling so glum about the economy, yet okay about their individual finances?

Why? It's the unemployment, stupid, economist and University of Chicago professor Austan Goolsbee tells Ian Bremmer on GZERO World.

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Closing tax loopholes: How US Congress will fund spending bill

Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC, shares his analysis on US politics.

How is Congress planning on raising your taxes to pay for their new spending bill?

The short answer is they aren't. The new spending deal being negotiated by Senate leaders relies on several provisions that raise revenue for the federal government, by allowing lawmakers to claim they aren't raising taxes at all. How's that? By closing what policymakers consider loopholes in the tax code.

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Employee at a gas station during a protest against rising fuel prices in Assam, India.

David Talukdar via Reuters Connect

Hard Numbers: India taxes diesel exports, Donetsk citizens told to flee, France nationalizes EDF, NYC needs lifeguards

100,000: New export taxes on fuel could reduce the amount of diesel India sells abroad by as much as 100,000 barrels per day, exacerbating shortages and high prices elsewhere. Meanwhile, the Indians keep scooping up Russian oil at bargain prices.

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Will Tech Companies Embrace the Global Corporate Tax Deal? | Cyber In :60 | GZERO Media

How will the global corporate tax deal impact tech companies?

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Will the OECD-brokered global corporate tax deal make a difference?

Well, it should, at least in two years, once it is adopted by the 136 countries that have now agreed to it. Once enforced, a minimum contribution would see approximately $125 billion flowing to public purses where it doesn't today. It would make it harder for countries to be tax havens or to be part of this race to the bottom when it comes to tax rates. It puts a limit on competition between countries but that is still possible. Now, public scrutiny over the corporate sector has intensified over the past years and with a whole host of issues like health care, climate change, and infrastructure begging for better solutions, there is a need for fair taxation that is widely supported, both publicly and now also politically.

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Waiting for Mueller: US Politics in 60 Seconds

Waiting for the Mueller Report: US Politics in 60 Seconds

How are Americans feeling about President Trump's tax cut bill?

Well, not very good. Polls suggests that it remains really unpopular. People feel like the rich and corporations got most of that tax cut and they didn't get very much.

What's the Dems' biggest achievement in their first 100 days in the House?

I'd say it's oversight of the Trump administration, having the gavels, calling people like Bill Barr up to testify. That'll continue to be their number one role in the House since they don't control the Senate.

Will the Mueller report reveal more details of collusion?

I'd say it's much more likely to give us details about potential obstruction rather than collusion, but I'm not sure there will be huge blockbusters in there.

Is President Trump moving to consolidate power?

Obviously he is. He's cleared out DHS, he's got acting directors or leaders in six agencies not Senate confirmed. He's absolutely moving to consolidate power in himself and the executive branch.



And go deeper on topics like cybersecurity and artificial intelligence Microsoft On The Issues.

Money in 60 Seconds - November 21, 2018

Charitable Contributions and Money in your 40s

Charitable contributions to nonprofits could be down by as much as $21 billion this year! It's Money in 60 Seconds with Sallie Krawcheck! And go deeper on topics like cybersecurity and artificial intelligence at Microsoft on The Issues.

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