Perdue to Spark New GOP Civil War by Challenging Gov. Brian Kemp

The winner is expected to face Democrat Stacey Abrams, who made her own campaign official last week. Former Sen. David Perdue (R-GA), whose defeat in a January runoff election handed the Senate majority to Democrats, is mounting a comeback bid—and his target is his former ally, Gov. Brian Kemp. Perdue will run against Kemp in the RepublicanContinue reading “Perdue to Spark New GOP Civil War by Challenging Gov. Brian Kemp”

As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation’s wealth—less than half of the middle class’ 36%. As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid paying their fair share of taxes, Bloomberg on Friday published an analysis of U.S. Federal Reserve data revealing that Americans inContinue reading “As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class”

America’s billionaires pay an average income tax rate of just 8.2%, Biden administration says

The wealthiest 400 families in the United States are paying an average income tax rate of just 8.2%, according to a new analysis from the Biden administration. President Joe Biden and Democrats are pushing to raise taxes on the richest Americans as they look for ways to pay for their ambitious agenda, making its way through CongressContinue reading “America’s billionaires pay an average income tax rate of just 8.2%, Biden administration says”

Late Filings Show Tuberville Traded $1 Million in Stocks in First 5 Months in Office

Sen. Tommy Tuberville (R-AL) has previously proven he doesn’t quite grasp the concept of some fundamental American principles like the three branches of government and the legal dates of the inauguration. Now he can add questionable stock trading to the list. Federal Election Commission filings show Tuberville bought and sold more than $1 million in securities in hisContinue reading “Late Filings Show Tuberville Traded $1 Million in Stocks in First 5 Months in Office”

GOP Rep. on cyber committee dumped MSFT stock shortly before $10B Pentagon contract was scrapped

Rep. Pat Fallon, a Texas freshman, has also failed to disclose 93 trades worth up to $17.53 million this year alone Rep. Pat Fallon, a first-term Republican from Texas, sold a large block of Microsoft stock just two weeks before the Pentagon announced it was scrapping a cloud computing deal with the company valued at up toContinue reading “GOP Rep. on cyber committee dumped MSFT stock shortly before $10B Pentagon contract was scrapped”

Emergent chief sold $10m in stock before company ruined 15m Covid vaccines

Stock unloaded by Robert G Kramer would now be worth only $5.5m while FDA report found unsanitary conditions at plant The chief executive of the pharmaceutical giant Emergent BioSolutions sold $10m in company stock weeks before the publication of the company’s financial results and a production error that ruined 15m Covid-19 vaccines sent its shareContinue reading “Emergent chief sold $10m in stock before company ruined 15m Covid vaccines”

Congressman on Reddit’s WallStreetBets triggering big market swings: ‘Power to the people’

North Carolina Rep. Patrick McHenry is a powerful man in Congress as the Ranking Member of the House Financial Services Committee, but even he took a moment to reflect on the newfound power of Reddit’s WallStreetBets forum triggering massive stock moves. When asked in a Yahoo Finance interview about what he made of savvy retailContinue reading “Congressman on Reddit’s WallStreetBets triggering big market swings: ‘Power to the people’”

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