Winter Olympics organizer welcomes North Korea’s interest in event

In the speech, Kim said that he was ready to talk with Seoul on the matter — while also highlighting his county’s nuclear advancement. So, the new rhetoric is “a positive sign,” said Lee Hee-beom, head of the PyeongChang 2018 organizing committee, Yonhap News reported on Monday. The organizing committee has already been making preparations for North Korea’s participation, he reportedly added: “All the processes for the North Korean delegation’s accommodation and transportation are in place.” The


In the speech, Kim said that he was ready to talk with Seoul on the matter — while also highlighting his county’s nuclear advancement. So, the new rhetoric is “a positive sign,” said Lee Hee-beom, head of the PyeongChang 2018 organizing committee, Yonhap News reported on Monday. The organizing committee has already been making preparations for North Korea’s participation, he reportedly added: “All the processes for the North Korean delegation’s accommodation and transportation are in place.” The
Winter Olympics organizer welcomes North Korea’s interest in event Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: nyshka chandran, jung yeon-je afp getty images, scott mlyn
Keywords: news, games, cnbc, companies, koreas, committee, north, olympics, speech, kim, winter, event, ready, nuclear, organizing, welcomes, interest, korean, olympic, organizer, pyeongchang


Winter Olympics organizer welcomes North Korea's interest in event

The pariah state’s leader Kim Jong Un said in a televised speech on Monday that he would consider sending a delegation to the upcoming games, which will be held in the South Korean city of PyeongChang next month. In the speech, Kim said that he was ready to talk with Seoul on the matter — while also highlighting his county’s nuclear advancement.

Pyongyang has never participated in an Olympic event hosted by its southern neighbor.

So, the new rhetoric is “a positive sign,” said Lee Hee-beom, head of the PyeongChang 2018 organizing committee, Yonhap News reported on Monday. The organizing committee has already been making preparations for North Korea’s participation, he reportedly added: “All the processes for the North Korean delegation’s accommodation and transportation are in place.”

The International Olympic Committee has long encouraged the reclusive regime to participate in the Winter Games even as the country faces multiple international sanctions for its repeated nuclear and missile tests. In September, the committee said it was ready to provide North Korean athletes with gear and cover equipment costs.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: nyshka chandran, jung yeon-je afp getty images, scott mlyn
Keywords: news, games, cnbc, companies, koreas, committee, north, olympics, speech, kim, winter, event, ready, nuclear, organizing, welcomes, interest, korean, olympic, organizer, pyeongchang


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Compass Group chief, five others dead in Sydney seaplane crash

Compass said the new chief executive, Dominic Blakemore, would now start on Jan. 1 instead of on April 1 as originally planned, following the news. Compass Chairman Paul Walsh said in a statement: “The thoughts of everyone at Compass are with Richard’s family and friends, and we extend our deepest sympathies to them.” Cousins led Compass over the past 11 years after his decision to quit as senior independent director of supermarket giant Tesco. He has been widely credited with turning the compan


Compass said the new chief executive, Dominic Blakemore, would now start on Jan. 1 instead of on April 1 as originally planned, following the news. Compass Chairman Paul Walsh said in a statement: “The thoughts of everyone at Compass are with Richard’s family and friends, and we extend our deepest sympathies to them.” Cousins led Compass over the past 11 years after his decision to quit as senior independent director of supermarket giant Tesco. He has been widely credited with turning the compan
Compass Group chief, five others dead in Sydney seaplane crash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: matthew lloyd, bloomberg, getty images
Keywords: news, games, cnbc, companies, worlds, business, plane, family, crash, giant, group, seaplane, chief, dead, compass, died, sydney, cousins


Compass Group chief, five others dead in Sydney seaplane crash

The CEO of Compass Group Plc , the world’s biggest catering firm, and four of his close family members were among the six people who died when the seaplane they were travelling in crashed into a Sydney river on New Year’s Eve.

Richard Cousins, 58, chief of the British-based catering and food services giant, died alongside Emma Bowden, 48, Heather Bowden, 11, Edward Cousins, 23, and William Cousins, 25, according to Detective Superintendent Mark Hutchings from the New South Wales Police.

Cousins had been due to retire on March 31. Compass said the new chief executive, Dominic Blakemore, would now start on Jan. 1 instead of on April 1 as originally planned, following the news.

Australian media reports identified the victims as the CEO’s two sons, his fiancee and her daughter. The pilot of the plane, Gareth Morgan, 44, also died in the crash.

Hutchings said that police had already been in contact with British authorities.

Compass Chairman Paul Walsh said in a statement: “The thoughts of everyone at Compass are with Richard’s family and friends, and we extend our deepest sympathies to them.”

“Richard was known and respected for his great humanity and a no-nonsense style that transformed Compass into one of Britain’s leading companies,” he added on Monday.

Cousins led Compass over the past 11 years after his decision to quit as senior independent director of supermarket giant Tesco.

He has been widely credited with turning the company’s business around and making Compass into one of the FTSE 100’s best-performing firms.

Cousins had also been named as one of the world’s best-performing CEOs by Harvard Business Review.

Police are working with the Australian Transport Safety Bureau to recover the wreckage of the plane, which is submerged in 13 meters of water near Cowan, north of Sydney.

A probe into the cause of the crash has begun, with a preliminary report expected within 30 days. Authorities have warned it may take up to a year to find out what happened.

The seaplane was part of the Sydney Seaplanes business that has operated since 2005 with no previous record of mishap. Seaplane flights have been cancelled until further notice.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: matthew lloyd, bloomberg, getty images
Keywords: news, games, cnbc, companies, worlds, business, plane, family, crash, giant, group, seaplane, chief, dead, compass, died, sydney, cousins


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New year brings broad pot legalization to California

The arrival of the new year in California brought with it broad legalization of marijuana, a much-anticipated change that comes two decades after the state was the first to allow pot for medical use. Pot is now legal in California for adults 21 and older, and individuals can grow up to six plants and possess as much as an ounce of the drug. But finding a retail outlet to buy non-medical pot in California won’t be easy, at least initially. Meanwhile, Fresno, Bakersfield and Riverside are among th


The arrival of the new year in California brought with it broad legalization of marijuana, a much-anticipated change that comes two decades after the state was the first to allow pot for medical use. Pot is now legal in California for adults 21 and older, and individuals can grow up to six plants and possess as much as an ounce of the drug. But finding a retail outlet to buy non-medical pot in California won’t be easy, at least initially. Meanwhile, Fresno, Bakersfield and Riverside are among th
New year brings broad pot legalization to California Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: drew angerer, getty images, uriel sinai, getty images news
Keywords: news, games, cnbc, companies, brings, california, day, regulations, state, santa, legalization, marijuana, pot, weed, san, broad, recreational


New year brings broad pot legalization to California

The arrival of the new year in California brought with it broad legalization of marijuana, a much-anticipated change that comes two decades after the state was the first to allow pot for medical use.

The nation’s most populous state joins a growing list of other states, and the nation’s capital, where so-called recreational marijuana is permitted even though the federal government continues to classify pot as a controlled substance, like heroin and LSD.

Pot is now legal in California for adults 21 and older, and individuals can grow up to six plants and possess as much as an ounce of the drug.

But finding a retail outlet to buy non-medical pot in California won’t be easy, at least initially. Only about 90 businesses received state licenses to open on New Year’s Day. They are concentrated in San Diego, Santa Cruz, the San Francisco Bay Area and the Palm Springs area.

Los Angeles and San Francisco are among the many cities where recreational pot will not be available right away because local regulations were not approved in time to start issuing city licenses needed to get state permits. Meanwhile, Fresno, Bakersfield and Riverside are among the communities that have adopted laws forbidding recreational marijuana sales.

Just after midnight, some Californians were raising blunts instead of champagne glasses.

Johnny Hernandez, a tattoo artist from Modesto, celebrated New Year’s Eve by smoking “Happy New Year blunts” with his cousins.

“This is something we’ve all been waiting for,” he said. “It is something that can help so many people and there’s no reason why we should not be sharing that.”

Hernandez said he hoped the legalization of recreational marijuana would help alleviate the remaining stigma some still believe surrounds marijuana use.

“People might actually realize weed isn’t bad. It helps a lot of people,” he said.

For those who worked for this day, the shift also offered joyful relief.

“We’re thrilled,” said Khalil Moutawakkil, founder of KindPeoples, which grows and sells weed in Santa Cruz. “We can talk about the good, the bad and the ugly of the specific regulations, but at the end of the day it’s a giant step forward, and we’ll have to work out the kinks as we go.”


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: drew angerer, getty images, uriel sinai, getty images news
Keywords: news, games, cnbc, companies, brings, california, day, regulations, state, santa, legalization, marijuana, pot, weed, san, broad, recreational


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Marketing strategies from the world’s top CEOs and entrepreneurs

Many companies claim to be “customer centric,” prioritizing people who use their products over all others, but not that many do so in reality. When Legere took over at T-Mobile, he headed straight for the call centers. “I got this resounding kind of feedback that people hated wireless … They would go to a store to buy a phone and they would come out with, like, all this stuff that they hated,” he told CNBC’s “The Brave Ones.” And I heard the way that they were taking care of them. And it was a b


Many companies claim to be “customer centric,” prioritizing people who use their products over all others, but not that many do so in reality. When Legere took over at T-Mobile, he headed straight for the call centers. “I got this resounding kind of feedback that people hated wireless … They would go to a store to buy a phone and they would come out with, like, all this stuff that they hated,” he told CNBC’s “The Brave Ones.” And I heard the way that they were taking care of them. And it was a b
Marketing strategies from the world’s top CEOs and entrepreneurs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: lucy handley, patrick t fallon, bloomberg, getty images, james leynse
Keywords: news, games, cnbc, companies, worlds, told, wireless, ceos, tune, customer, turnaround, care, marketing, took, strategies, entrepreneurs, billion, way, hated


Marketing strategies from the world’s top CEOs and entrepreneurs

Many companies claim to be “customer centric,” prioritizing people who use their products over all others, but not that many do so in reality. When Legere took over at T-Mobile, he headed straight for the call centers.

“I got this resounding kind of feedback that people hated wireless … They would go to a store to buy a phone and they would come out with, like, all this stuff that they hated,” he told CNBC’s “The Brave Ones.”

“Nobody calls to say: ‘I love you.’ They call when they’re so frustrated. And I heard the way that they were taking care of them. And it was a big part of me thinking that if I could get the whole company to behave that way and care about that customer so much, that we really could be different.”

Legere now gives out his email address to customers via his Facebook page, and his strategy has seen a turnaround to the tune of a $3.8 billion profit in 2016, up from a loss of $4.3 billion in 2011.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: lucy handley, patrick t fallon, bloomberg, getty images, james leynse
Keywords: news, games, cnbc, companies, worlds, told, wireless, ceos, tune, customer, turnaround, care, marketing, took, strategies, entrepreneurs, billion, way, hated


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18 stocks that could rise 25% in 2018

If Bitcoin’s too crazy a ride for you, here are 18 stocks that analysts say could enjoy their own personal bull runs in 2018. The “18 stocks for ’18” list includes oil and natural gas drillers and drug makers. Energy companies, which fell more than 3% in 2017 and were among the worst stock market performers, dominate the list. Analysts expect them to benefit from stronger prices, bigger earnings gains following government tax cuts and a global economy that is growing virtually everywhere. Tech c


If Bitcoin’s too crazy a ride for you, here are 18 stocks that analysts say could enjoy their own personal bull runs in 2018. The “18 stocks for ’18” list includes oil and natural gas drillers and drug makers. Energy companies, which fell more than 3% in 2017 and were among the worst stock market performers, dominate the list. Analysts expect them to benefit from stronger prices, bigger earnings gains following government tax cuts and a global economy that is growing virtually everywhere. Tech c
18 stocks that could rise 25% in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: adam shell, justin solomon
Keywords: news, games, cnbc, companies, analysts, 25, market, stock, savers, companies, stocks, 18, 2017, tax, 2018, rise, prices


18 stocks that could rise 25% in 2018

If Bitcoin’s too crazy a ride for you, here are 18 stocks that analysts say could enjoy their own personal bull runs in 2018.

The “18 stocks for ’18” list includes oil and natural gas drillers and drug makers. It also spotlights an internet travel company and high-tech firms that make the digital computing world go.

This lineup of potential stars (shown below) is based on a simple methodology: They’re the companies in the Standard & Poor’s 500 with the biggest potential to rise when you compare their closing share price on Dec. 15 to the higher projected price targets of Wall Street analysts, using data from S&P Global Market Intelligence.

Aside from strong-performing tech names, many of these stocks are considered good deals or “value plays,” because their prices were beaten down in 2017 despite a nearly 20% gain for the broader market.

Energy companies, which fell more than 3% in 2017 and were among the worst stock market performers, dominate the list.

Read more from USA Today:

401(k) savers: Where the stock market is headed in 2018

401(k) savers: Hot industries for stock investors in 2018

Investors: 5 market milestones that mattered in 2017

The industry — which includes companies that drill for oil as well as ones that provide services and storage facilities to energy customers — is seen bouncing back in 2018. Analysts expect them to benefit from stronger prices, bigger earnings gains following government tax cuts and a global economy that is growing virtually everywhere.

Tech companies, which enjoyed the biggest gains of all industry groups in 2017, are expected to fare well again. A strong economy and cash windfalls from tax cuts could fuel a rebound in corporate spending on equipment and a continued push into emerging technologies like the cloud, artificial intelligence and robotics.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: adam shell, justin solomon
Keywords: news, games, cnbc, companies, analysts, 25, market, stock, savers, companies, stocks, 18, 2017, tax, 2018, rise, prices


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With Disney deal looming, Murdoch’s empire is fractured

Verizon — locked in battle with AT&T, which was then finalizing its $85.4 billion takeover of Time Warner — wanted to buy pieces of 21st Century Fox, Mr. Murdoch’s television and film conglomerate. But Verizon’s overture prompted Mr. Murdoch to start to think seriously — for the first time — about selling his Hollywood treasures. Several months later, Mr. Murdoch agreed to sell much of 21st Century Fox to the Walt Disney Company. Mr. Murdoch had built an empire by divining where media was headed


Verizon — locked in battle with AT&T, which was then finalizing its $85.4 billion takeover of Time Warner — wanted to buy pieces of 21st Century Fox, Mr. Murdoch’s television and film conglomerate. But Verizon’s overture prompted Mr. Murdoch to start to think seriously — for the first time — about selling his Hollywood treasures. Several months later, Mr. Murdoch agreed to sell much of 21st Century Fox to the Walt Disney Company. Mr. Murdoch had built an empire by divining where media was headed
With Disney deal looming, Murdoch’s empire is fractured Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: brooks barnes, sydney ember, getty images
Keywords: news, games, cnbc, companies, looming, lachlan, disney, fractured, murdochs, deal, fox, james, rupert, mr, murdoch, family, century, empire


With Disney deal looming, Murdoch’s empire is fractured

LOS ANGELES — In late summer, Verizon Communications came to Rupert Murdoch with a surprise acquisition offer.

Verizon — locked in battle with AT&T, which was then finalizing its $85.4 billion takeover of Time Warner — wanted to buy pieces of 21st Century Fox, Mr. Murdoch’s television and film conglomerate. Representatives of the two companies secretly met at least once to discuss a merger.

Mr. Murdoch, 86, shrugged off the talks as uninspiring, according to an associate, who spoke on the condition of anonymity because he wanted to maintain his access to the media titan. But Verizon’s overture prompted Mr. Murdoch to start to think seriously — for the first time — about selling his Hollywood treasures.

Read more from The New York Times:

How do you turn an ad into a meme? Two words: Dilly Dilly

‘Last Jedi’ is 2017’s box office winner in a women-led year

Inside the Hollywood home of social media’s stars. (Don’t be shy.)

Not only would a sale solve a business problem, it could solve a family one.

Several months later, Mr. Murdoch agreed to sell much of 21st Century Fox to the Walt Disney Company. The proposed $52.4 billion deal has the potential to radically reshape the entertainment world, but it also has many wondering what the future holds for Mr. Murdoch and the two sons who seemed to be on the cusp of taking over his vast media holdings.

Mr. Murdoch had built an empire by divining where media was headed, and the landscape ahead troubled him, according to several people who speak to Mr. Murdoch or to others close to him who insisted on anonymity. Growth for 21st Century Fox, with its mix of traditional cable networks and movie labels, would be increasingly difficult to deliver as technology giants like Apple and Amazon pushed deeper into the film and television industries, changing the way people access entertainment. Netflix was already becoming big enough to outbid Fox and other old-line entertainment companies for scripts. Facebook was coming after sports rights.

21st Century Fox had tried to bulk up to remain competitive. But its attempt to buy Time Warner in 2014 had failed. Its recent bid to become the sole owner of Sky, the British satellite television giant, has been stuck in purgatory. British regulators sai d in June that a sexual harassment scandal at Fox News had amounted to “significant corporate failures,” but added that Mr. Murdoch and his top lieutenants were “fit and proper” to hold broadcasting licenses in Britain. The British government is also weighing whether owning Sky would give the Murdochs too much control over British media.

In recent years, Mr. Murdoch had molded a succession plan that handed his businesses to both of his sons. In 2015, he named his eldest son, Lachlan, executive co-chairman, giving father and son equal standing. And he had installed his youngest son, James, as chief executive of 21st Century Fox. The trio would govern as one big happy family, they all insisted.

But at times, James had grumbled that his role as chief executive was limited, according to three people who know him who spoke on the condition of anonymity to discuss private conversations. His father did not relinquish much control and became more involved with the company’s most important asset, Fox News, after the cable channel’s pugnacious leader, Roger Ailes, was forced to resign in 2016 following allegations of sexual harassment. (Mr. Ailes died in May.)

Fox News, the company’s financial engine and a hugely influential platform for Republican politics, has been the source of family friction. James, who holds some progressive views, has privately expressed embarrassment about some elements of Fox News, including its sometimes skeptical coverage of climate change, according to the three people who are friendly with him, a stance not shared by his more conservative brother and father.

The tension bubbled into public in August when James sent an email to a list of blind-copied recipients that repudiated President Trump for his response to the violence in Charlottesville, Va. Mr. Trump counts Rupert Murdoch as a friend and informal adviser.

It was becoming increasingly clear to many analysts, investors and Hollywood agents that the three-pronged leadership structure Mr. Murdoch had put in place was not going to work over the long term.

The dynamics of the Murdoch family are continuously shifting and outsiders are kept at a distance. To Hollywood, the Disney deal looked like a family schism, with Lachlan, 46, solidly back in line to succeed his father as overseer of the family’s remaining businesses and James, 45, without a clear future at Disney. Associates of James, however, say that he encouraged the deal, in part because he had grown weary of the dysfunctional push and pull with his brother and father.

The Murdochs declined to be interviewed for this article.

When Rupert told his sons that Robert A. Iger, Disney’s chief executive, had called him to propose a takeover, James got on board rather quickly, according to four people briefed on the sale process. Like his father, James saw the merits of the proposed deal. Mr. Iger had expertly acquired Pixar, Marvel and Lucasfilm and used them to make Disney into a movie, theme park and consumer products juggernaut. Adding most of 21st Century Fox’s businesses would transform Disney into a colossus with a real shot at competing against the Silicon Valley giants. And the Murdoch family would be Disney’s biggest non-institutional shareholder. (Only the mutual fund company Vanguard has more shares.)

Disney’s offer also provided Rupert Murdoch with the opportunity to establish the like-minded Lachlan as his clear heir, putting him in a position to eventually take over Fox News, which Disney was not buying, and the family’s other company, the newspaper-focused News Corporation.

At first, Lachlan was unenthusiastic about discarding such a large chunk of the family’s holdings, according to the four people with knowledge of the sales process. Disney would take the 20th Century Fox movie and television studio, cable networks like National Geographic and FX and stakes in two behemoth overseas television-service providers, Sky of Britain and Star of India.

Lachlan understood the threat posed by the technology giants, but he saw less need to rush into Disney’s arms. Most of 21st Century Fox’s businesses were doing quite well. “There is a lot of talk about the growing importance of scale in the media industry,” Lachlan said on an earnings conference call with investors in early November. “Let me be very clear. Fox has the required scale.”

He had also just gotten his family settled in Los Angeles as part of the 2015 management arrangement. The primary property Disney was leaving behind — Fox News — was based in New York.

Although Lachlan has not yet made a decision, Rupert has made it clear that he wants his eldest son to run what they are calling New Fox, which will house Fox News and the other businesses left behind by Disney, including the Fox broadcast network and a chain of TV stations. “I hope my son Lachlan will agree to be chief executive,” Rupert said during an interview with Sky News in December.

That signals a return to his original succession plan, which went awry in 2005, when Lachlan abruptly left the family business after sparring with Mr. Ailes. He decamped to Australia, where he founded and ran a successful investment company. He returned to his father’s side in 2014.

“This may be his way of being immortal,” the London-based analyst Claire Enders, who has followed the Murdochs for more than three decades, said of Rupert, “because he clearly sees that Lachlan is the right person and shares his views and will support him for the next 10 years.”

What James will do is a more of a mystery.

People close to him say he may try to strike out on his own. Unlike his brother, James has never worked outside the family businesses, other than the hip-hop record label he founded after dropping out of Harvard. His father bought it, bringing James into the corporate fold.

A senior job at Disney is also a possibility, but there were “no guarantees of any sort,” Rupert said in the Sky News interview.

“He will be integral to helping us integrate these companies over the next number of months,” Mr. Iger said on a call with investors after the deal was announced. “Over that time, he and I will continue to discuss whether there is a role for him here or not.”

Beyond the family dynamics, the deal may allow James to finally be able to vanquish memories of his role in the phone-hacking scandal at family-owned tabloids in Britain. He was never found to have had direct knowledge of the hacking by members of the paper’s staff, but a parliamentary committee accused him of “willful ignorance” after he acknowledged that he had failed to read emails that referred to settlement payments made to hacking victims.

Moreover, James is likely to emerge with a stake in Disney worth at least $1 billion.

“That’s a good return for putting up with your father for 20 years,” Ms. Enders said.

As for Rupert Murdoch, he may now turn his attention to buying local television stations to buttress New Fox and compete with Sinclair Broadcast Group, which agreed in May to buy Tribune Media for $3.9 billion. If the proposed deal with Tribune Media goes through, Sinclair will reach some 70 percent of households in the United States. It has been suggested that Rupert could look at buying stations in political swing states, where there is a lot of money to be made in political advertising during election years, to say nothing of potential influence.

Some have also mused that Mr. Murdoch may try to combine New Fox with News Corporation, the owner of The Wall Street Journal and The New York Post. In his interview with Sky News, he brushed aside the immediate possibility. “There’s logic to it, but we’re not planning it at this stage,” he said.

In any case, Mario Gabelli, a longtime media investor whose Gamco holds roughly $350 million in 21st Century Fox shares, predicted that Rupert would relish having a voice at Disney, even if the deal did not come with a board seat.

“He now becomes Disney’s largest single shareholder,” Mr. Gabelli said, “with an ax to grind.”

Brooks Barnes reported from Los Angeles and Sydney Ember from New York.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: brooks barnes, sydney ember, getty images
Keywords: news, games, cnbc, companies, looming, lachlan, disney, fractured, murdochs, deal, fox, james, rupert, mr, murdoch, family, century, empire


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One year on: Is Finland’s free money experiment working?

A routine trip to check the mail took an unexpected turn for Mika Ruusunen in November 2016. “I opened it and I didn’t understand it at all, so I gave it to my wife and asked her what the heck is this,” Ruusunen said. It was the Finnish government informing Ruusunen that he would start receiving free money each month as part of a first-of-its-kind experiment. Ruusunen was among 2,000 unemployed Finns randomly selected from across the country for a trial testing universal basic income. He was fre


A routine trip to check the mail took an unexpected turn for Mika Ruusunen in November 2016. “I opened it and I didn’t understand it at all, so I gave it to my wife and asked her what the heck is this,” Ruusunen said. It was the Finnish government informing Ruusunen that he would start receiving free money each month as part of a first-of-its-kind experiment. Ruusunen was among 2,000 unemployed Finns randomly selected from across the country for a trial testing universal basic income. He was fre
One year on: Is Finland’s free money experiment working? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: elizabeth schulze, benjamin hall
Keywords: news, games, cnbc, companies, free, understand, working, wife, experiment, finlands, universal, money, unemployed, turn, ruusunen, unexpected, month


One year on: Is Finland’s free money experiment working?

A routine trip to check the mail took an unexpected turn for Mika Ruusunen in November 2016.

“I opened it and I didn’t understand it at all, so I gave it to my wife and asked her what the heck is this,” Ruusunen said.

It was the Finnish government informing Ruusunen that he would start receiving free money each month as part of a first-of-its-kind experiment.

Ruusunen was among 2,000 unemployed Finns randomly selected from across the country for a trial testing universal basic income. Each month for two years he would receive 560 euros (roughly $670) from the government, tax-free. He was free to spend the money however he liked.

“I’m not accustomed to that kind of bureaucratic freedom,” Ruusunen said.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: elizabeth schulze, benjamin hall
Keywords: news, games, cnbc, companies, free, understand, working, wife, experiment, finlands, universal, money, unemployed, turn, ruusunen, unexpected, month


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Trump welcomes new year with a lavish party at private club

Bidding farewell to 2017 with a lavish party at his private club, President Donald Trump predicted 2018 will be a “tremendous year.” Guests gathered in the decorated ballroom included senior White House advisers Ivanka Trump and Jared Kushner, Trump’s sons Eric Trump and Donald Trump Jr. and Treasury Secretary Steven Mnuchin. Since taking office, President Trump has made frequent visits to his for-profit properties. Trump offered the video with a New Year’s Eve message: “What a year it’s been, a


Bidding farewell to 2017 with a lavish party at his private club, President Donald Trump predicted 2018 will be a “tremendous year.” Guests gathered in the decorated ballroom included senior White House advisers Ivanka Trump and Jared Kushner, Trump’s sons Eric Trump and Donald Trump Jr. and Treasury Secretary Steven Mnuchin. Since taking office, President Trump has made frequent visits to his for-profit properties. Trump offered the video with a New Year’s Eve message: “What a year it’s been, a
Trump welcomes new year with a lavish party at private club Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: kevin lamarque
Keywords: news, games, cnbc, companies, lavish, 2018, video, welcomes, world, president, white, offered, private, continue, tax, party, country, club, trump


Trump welcomes new year with a lavish party at private club

Bidding farewell to 2017 with a lavish party at his private club, President Donald Trump predicted 2018 will be a “tremendous year.”

Trump said Sunday that the stock market will continue to rise and that companies are going to continue to come into the U.S., at “a rapid clip.” He also cited several accomplishments, including the tax overhaul, opening the Arctic National Wildlife Refuge to oil drilling, and repealing the individual mandate from the national health care law.

“It will be a fantastic 2018,” a tuxedoed Trump said, as he entered the gilded ballroom at Mar-a-Lago, accompanied by first lady Melania Trump and son Barron.

Asked for his reaction to North Korea leader Kim Jon Un’s remarks about having a nuclear button on his desk, Trump responded by saying, “We’ll see.”

Guests gathered in the decorated ballroom included senior White House advisers Ivanka Trump and Jared Kushner, Trump’s sons Eric Trump and Donald Trump Jr. and Treasury Secretary Steven Mnuchin.

Since taking office, President Trump has made frequent visits to his for-profit properties. He has refused to divest from his real estate and hotel empire, drawing criticism from ethics experts.

Earlier in the day, Trump capped 2017 with a video self-tribute touching on what he sees as the high points of his achievements and rhetoric from his first year in office. He gave a plug to American exceptionalism, too.

In the video running 3½ minutes, scenes of Trump with military personnel, Border Patrol agents and other world leaders are set to a stirring soundtrack as he declares of his country: “We gave birth to the modern world and we will shape tomorrow’s world with the strength and skill of American hands.”

Trump cited his success in placing a justice on the Supreme Court, his efforts to cut regulations and his big win on overhauling taxes, which he falsely described as the “largest tax cut in the history of our country.”

Trump offered the video with a New Year’s Eve message: “What a year it’s been, and we’re just getting started. Together, we are MAKING AMERICA GREAT AGAIN! Happy New Year!!”

He later offered another Twitter message, loaded with his signature bombast: “As our Country rapidly grows stronger and smarter, I want to wish all of my friends, supporters, enemies, haters, and even the very dishonest Fake News Media, a Happy and Healthy New Year. 2018 will be a great year for America!”

The White House said Trump been briefed on New Year’s Eve security precautions around the country and will continue to monitor those efforts.

Trump offered his condolences Sunday to the victims of a shooting in suburban Denver that killed one sheriff’s deputy and wounded six other people, including four deputies. He tweeted: “We love our police and law enforcement – God Bless them all!”


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: kevin lamarque
Keywords: news, games, cnbc, companies, lavish, 2018, video, welcomes, world, president, white, offered, private, continue, tax, party, country, club, trump


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Democrats in high-tax states plot to blunt impact of new tax law

Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul. And they are considering changing their state tax codes to allow residents to take advantage of other federal tax breaks — in effect, restoring deductions that the tax law scaled back. State leaders, however, said Congress, in singling out certain states, had broken an implicit compact with the states. But the cap


Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul. And they are considering changing their state tax codes to allow residents to take advantage of other federal tax breaks — in effect, restoring deductions that the tax law scaled back. State leaders, however, said Congress, in singling out certain states, had broken an implicit compact with the states. But the cap
Democrats in high-tax states plot to blunt impact of new tax law Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: ben casselman, adam jeffery
Keywords: news, games, cnbc, companies, blunt, law, plot, state, impact, states, leaders, tax, york, taxes, residents, hightax, local, cuomo, democrats


Democrats in high-tax states plot to blunt impact of new tax law

Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed Republican tax overhaul.

Governors and legislative leaders in New York, California and other states are considering legal challenges to elements of the law that they say unfairly single out parts of the country. They are looking at ways of raising revenue that aren’t penalized by the new law. And they are considering changing their state tax codes to allow residents to take advantage of other federal tax breaks — in effect, restoring deductions that the tax law scaled back.

One proposal would replace state income taxes, which are no longer fully deductible under the new law, with payroll taxes on employers, which are deductible. Another idea would be to allow residents to replace their state income tax payments with tax-deductible charitable contributions to their state governments.

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Such ideas may sound far-fetched. And until recently, they were mostly the province of tax professors and bloggers. But they are now getting serious consideration in state capitols where some lawmakers see the Republican law as a thinly veiled assault on parts of the country that typically vote for Democrats.

Companies, of course, have long sought to exploit loopholes in the tax code. Governments, as a rule, have not. State leaders, however, said Congress, in singling out certain states, had broken an implicit compact with the states.

“The game has changed,” said Stephen M. Sweeney, the Democratic president of New Jersey’s Senate. “They’ve completely turned the tables against us.”

In particular, officials in the high-tax states object to the law’s $10,000 cap on state and local tax deductions, which were previously unlimited. That provision will be particularly painful for residents of states like New York, New Jersey, California and Connecticut, which have high housing costs and high tax rates.

Even in those states, most residents will get a temporary tax cut because of other provisions of the law, including lower tax rates and an increase in the standard deduction. But the cap on the state and local tax deduction could pose a serious threat to state budgets, because it makes state taxes more expensive for residents. That could make it harder for states to raise taxes, particularly on wealthy residents, and could increase pressure to cut spending.

The law could also have broader economic consequences. Business leaders, for example, have said they worry about attracting workers if New York and other cities become even more expensive than lower-tax areas.

State leaders are still figuring out their response to the new law, and few have yet endorsed specific proposals. But they are moving quickly. Gov. Andrew M. Cuomo of New York, a Democrat, recently said he expected to provide a more detailed plan when he presented his state budget in mid-January.

“They want to target us for certain provisions?” Mr. Cuomo asked at a recent news conference. “Well, let’s see if we can redesign our tax code to get out of the federal trap that they set.”

Mr. Cuomo fired one of the first shots when he signed an executive order that let New Yorkers prepay their 2018 property taxes in 2017, before the new deduction cap takes effect. Several other state and local governments followed suit.

But in an indication of the hard road ahead for Democrats, the Internal Revenue Service issued guidance on Wednesday limiting the prepayment option. And the option was only a temporary reprieve — at best, homeowners could delay the impact by a single year.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: ben casselman, adam jeffery
Keywords: news, games, cnbc, companies, blunt, law, plot, state, impact, states, leaders, tax, york, taxes, residents, hightax, local, cuomo, democrats


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Iran state TV: 12 killed in protests, attacks on security

At least 12 people have been killed in the ongoing protests in Iran, and armed protesters have tried to take over police stations and military bases, state TV reported Monday. The protests began Thursday in Mashhad over economic issues and have since expanded to several cities. The state TV report said 10 were killed during clashes Sunday night, without elaborating. “Some armed protesters tried to take over some police stations and military bases but faced serious resistance from security forces


At least 12 people have been killed in the ongoing protests in Iran, and armed protesters have tried to take over police stations and military bases, state TV reported Monday. The protests began Thursday in Mashhad over economic issues and have since expanded to several cities. The state TV report said 10 were killed during clashes Sunday night, without elaborating. “Some armed protesters tried to take over some police stations and military bases but faced serious resistance from security forces
Iran state TV: 12 killed in protests, attacks on security Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: stringer, anadolu agency, getty images
Keywords: news, games, cnbc, companies, military, attacks, izeh, protests, state, killed, protesters, tried, iran, 12, stations, security, tv


Iran state TV: 12 killed in protests, attacks on security

At least 12 people have been killed in the ongoing protests in Iran, and armed protesters have tried to take over police stations and military bases, state TV reported Monday.

The protests began Thursday in Mashhad over economic issues and have since expanded to several cities. Hundreds of people have been arrested.

The state TV report said 10 were killed during clashes Sunday night, without elaborating. Two demonstrators were killed during a protest in western Iran late Saturday.

“Some armed protesters tried to take over some police stations and military bases but faced serious resistance from security forces,” state TV reported.

Earlier Monday, the semi-official ILNA news agency quoted Hedayatollah Khademi, a representative for the town of Izeh, as saying two people died there Sunday night.

He said the cause of death wasn’t immediately known. Many in Izeh, some 455 kilometers (280 miles) southwest of Tehran, have hunting rifles in their homes.

On Sunday, Iran blocked access to Instagram and the popular messaging app Telegram used by activists to organize. President Hassan Rouhani acknowledged the public’s anger over the Islamic Republic’s flagging economy, though he and others warned that the government wouldn’t hesitate to crack down on those it considers lawbreakers.


Company: cnbc, Activity: cnbc, Date: 2018-01-01  Authors: stringer, anadolu agency, getty images
Keywords: news, games, cnbc, companies, military, attacks, izeh, protests, state, killed, protesters, tried, iran, 12, stations, security, tv


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