Month: July 2022
The wealthy now have more time to avoid estate taxes, thanks to an IRS change
If your family has significant wealth, it’s now easier to avoid federal estate taxes, thanks to recent changes from the IRS. The IRS improved a strategy known as “portability,” used by high-net-worth married couples expecting to owe federal estate taxes when the second spouse dies. Here’s how it works: While a spouse may inherit all […]
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NFL legend Drew Brees used to joke about training for pickleball. Now he co-owns a pro pickleball team
Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Retired NFL superstar Drew Brees is the latest major sports figure to get in on the pickleball craze. Major League Pickleball announced Thursday that the one-time Super Bowl champion has joined the ownership group of the Austin, Texas, […]
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Consumers are shelling out an average $10,000 more for used cars than if prices were ‘normal,’ research shows
Jim Watson | AFP | Getty Images It’s no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by supply-chain issues and reduced new-car inventory. But how much extra are consumers paying? An average of $10,046 more — 43% — than if typical depreciation expectations were in […]
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If Trump was ‘Joe Blow from Kokomo,’ he would have been charged with crimes, former New York prosecutor says
Former President Donald Trump Jonathan Ernst | Reuters A former special New York prosecutor who quit a criminal investigation of ex-President Donald Trump after his boss declined to lodge charges at the time said that if Trump “had been Joe Blow from Kokomo, we would have indicted without a big debate.” “I believe that Donald […]
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Polio case confirmed in New York state, health-care providers told to look for more infections
Polio virus, illustration. Each virus particle is composed of a protein coat around a core containing RNA genetic material. This virus infects children and causes the disease poliomyelitis or infantile paralysis. Roger Harris/science Photo Library | Science Photo Library | Getty Images The New York State Health Department confirmed a case of polio on Thursday, […]
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Former Coinbase manager and two others charged in crypto insider trading scheme
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Three people have been charged in the first-ever crypto insider trading tipping scheme, according to the U.S. Attorney’s Office for the […]
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Criminal probe opened into deletion of Secret Service Jan. 6 text messages
A member of the US Secret Service looks out from the roof of the White House in Washington, DC on August 21, 2021. Andrew Caballero Reynolds | AFP | Getty Images The Department of Homeland Security’s internal watchdog has opened a criminal investigation into the destruction of Secret Service phone text messages related to the […]
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Airlines temper flying ambitions after chaotic — but profitable — travel rebound
An American Airlines Boeing 737-800, equipped with radar altimeters that may conflict with telecom 5G technology, can be seen flying 500 feet above the ground while on final approach to land at LaGuardia Airport in New York City, New York, U.S., January 6, 2022. Bryan Woolston | Reuters The leaders of the country’s biggest airlines […]
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Independent review planned for New York’s Covid-19 response
Lt. Gov. Kathy Hochul tours a Queens public school to view safety precautions ahead of its opening during the continued Covid outbreak on August 18, 2021 in New York City. Spencer Platt | Getty Images An independent auditor will review the New York state government’s response to the Covid-19 pandemic, including efforts by the administration […]
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YouTube says it will crack down on abortion misinformation and remove videos with false claims
The logo of video-sharing website YouTube is displayed on a smartphone on November 19, 2018 in Berlin, Germany. Thomas Trutschel | Photothek via Getty Images YouTube said on Thursday that it’s cracking down on videos containing abortion misinformation and will take down videos deemed unsafe. “Starting today and ramping up over the next few weeks, […]
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