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According to Sanders plan, billionaires could face tax rates of up to 97.5 percent: economists

Two University of California economists, Berkeley, claim that billionaires, according to Senator Bernie Sanders' plan, could face an average effective tax rate of 97.5 percent, while other Democrats who applied for president in 2020, would beat easily. Emmanuel Saez, One of the professors told Bloomberg, "With wealth tax you get directly to the stock instead of influencing the income stream. …

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Super Typhoon Hagibis is picking up one of the fastest rates ever and could impact Japan by the weekend

An extremely dangerous storm in the Pacific Northwest exploded early Monday morning, rising from a tropical storm to a 160 mph super-typhoon in less than a day as forecasters warned that the storm could hit Japan by the weekend to meet. According to the Joint Typhoon Warning Center, super typhoon Hagibis will be located about 400 miles north-northwest of Guam …

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The Bank of England keeps interest rates in the face of increasing uncertainty over Brexit

Pedestrians pass the Bank of England in the City of London, UK, on ​​June 28, 2016. Paul Hackett | Getty Images The Bank of England (BOE) kept interest rates stable on Thursday as uncertainty over Brexit continues to hang above the world's fifth-largest economy. Less than 45 days before the UK's withdrawal The European Union, the BOE's nine-member Monetary Policy …

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The Fed cuts interest rates by another quarter point

WASHINGTON – The US Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, its second step since the end of July, to protect the US economy against rising political risks and the consequences of a global slowdown. [19659002] An increasing number of Fed officials are expecting a further cut this year, based on post-meeting economic …

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Minneapolis police are facing a shortage as robbery rates rise

More than 6,000 "Priority One" calls, including sexual assault, shootings and robberies, were made over a one-year period in which the police did not have an official who could respond immediately, said Minneapolis police spokesman John Elder in an email to CNN. "These calls did not stop police resources immediately because we had no staff to answer," Elder said. The …

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US interest rates are negative

Ron Paul warns that negative interest rates will destroy the global economy. The former Republican Congressman from Texas believes that the US will not be the exception. negative interest rates in the hope that this will be the solution, "he told CNBC's Futures Now on Thursday." We have never had so many currencies with negative interest rates. Bonds worth $ …

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California pushes bill to limit interest rates on consumer loans

The California Senate pushed ahead with legislation to cut interest rates on consumer credit on Friday, a move that proponents believe will stem the predatory lending practices of the Federal Reserve, which is currently around 2%. Consumer representatives say that some credit companies charge interest rates of up to 225%. This would apply to loans between $ 2,500 and $ …

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Donald Trump wants negative interest rates. That's a bad idea.

Text size President Donald Trump. Photo by Nicholas Kamm / AFP / Getty Images President Donald Trump now wants the Federal Reserve to cut interest rates to zero or below. However, it should take into account the negative rates of negative interest rates that have not triggered strong growth in Europe and Japan and are likely to trigger a firing …

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Trump calls on the Fed to cut interest rates to zero or less

President Donald Trump called on the Federal Reserve on Wednesday to lower interest rates to "or less" to demand negative returns that he believes would help US curb credit costs and boost growth , Via On Twitter, the president continued his campaign to criticize the Fed's monetary policy. With the global economy shaken by the downside risks of the US-China …

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