Appropriators to deny dod budget flexibility in border wall spat

The Pentagon said a proposed GOP defense budget cut back to fiscal year 2022 levels would be “potentially devastating,” according to a letter sent to Congress on March 17, released Monday. The defense budget could receive a cut of $73.7 billion from its current budget, and even more compared to the Biden administration’s request for fiscal year 2024 under House Majority Leader California Rep. Kevin McCarthy’s still unclear spending proposal, Department of Defense (DOD) comptroller Michael McCord wrote in the letter addressed to House Appropriations Committee Ranking Member Rosa DeLauro of Connecticut. Such a deficit would cut a deep gash into the administration’s strategy to reinforce Pacific defense networks and improve military readiness, McCord argued. “Those who would propose deep cuts to our budget have a responsibility to describe those goals in our strategy they wish to abandon or scale back in the Indo-Pacific, Europe, in the homeland or elsewhere,” McCord wrote. … [Read more...] about ‘Potentially Devastating’: Pentagon Responds To Proposed GOP Defense Budget Cuts

After raking in over $7 million in speaking fees from financial institutions in the two years before being confirmed, Treasury Secretary Janet Yellen now plays a major role in determining which banks are systemically important, according to her testimony at a Senate Finance Committee hearing Thursday. Yellen had received more than $7 million in speaking fees from dozens of companies including Goldman Sachs, Bank of America, Citi, Credit Suisse, UBS, Charles Schwab and many more, according to Yellen’s public financial disclosure report. Though the Federal Deposit Insurance Corporation insures deposits up to $250,000, Yellen told the senators the government may insure additional deposits, as it did at the recently failed Silicon Valley Bank (SVB) and Signature Bank, if that bank’s failure would present a “systemic risk” to the economy. WASHINGTON, DC – MARCH 16: U.S. Treasury Secretary Janet Yellen testifies about the Biden Administration’s FY2024 federal budget proposal before … [Read more...] about After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts

Share to Twitter Share to Linkedin Approximately one-third of your life is spent sleeping, so it’s a good idea to invest in exceptional products that ensure you’re comfortable. From finding the best mattress for your needs, to your choosing great sheets to the ideal pillow to cradle your head, every component plays a vital role. While some doze off the minute their head hits the pillow, others aren’t so lucky. This might be especially true for folks who are pregnant or those that suffer from back or joint pain. If sleep often eludes you, then snuggling up with one of the best body pillows may be the solution. Regardless of why you’re in the market for a body pillow, Dr. Nathan Holley , D.C., a chiropractor with years of clinical experience, recommends body pillows for a plethora of reasons, but says: “The main purpose of a body pillow is to help patients maintain proper spinal alignment while sleeping.” As they’re made for full body support, you can … [Read more...] about The Best Body Pillows That Give You Support And Blissful Slumber

Share to Twitter Share to Linkedin Coinbase, a leading United States-based cryptocurrency exchange, is considering diversifying its risk by establishing a trading platform in another country, according to Bloomberg . The Securities and Exchange Commission’s Crypto Assets and Cyber Unit in the Division of Enforcement plans to grow its division to about 50 dedicated positions from 30 white-collar regulatory officials. The new headcount will be tasked with investigating, auditing, examining and potentially prosecuting securities law violations related to crypto-related products and trading activities. In the wake of the spectacular implosion of crypto exchange FTX, led by its now-disgraced founder Sam Bankman-Fried, followed by the shuttering of crypto-friendly Silvergate Bank and Signature Bank and somewhat adjacent Silicon Valley Bank, it looks like the SEC is planning to vigorously scrutinize this sector more closely. If digital asset companies … [Read more...] about Coinbase Is Considering Diversifying Its Regulatory Risk By Moving A Trading Unit Outside Of The U.S.

Share to Twitter Share to Linkedin The 27,000 Americans with more than $10 million of income have lower average federal income tax rates than the 580,000 Americans with income between $1 million and $10 million. And though the share of federal income tax revenue from taxpayers with income in the top percentile rose from 33.2 percent in 2001 to 42.3 percent in 2020, that doesn’t mean the affluent are more oppressed or less well off. That’s because over the two decades spanning 2001 through 2020, their share of total before-tax income has risen, and their average effective income tax rate has declined. Those observations, and others discussed below, add important context to — and counter the thrust of — assertions by the editorial board of The Wall Street Journal . First, about the income tax code, the board noted: “There is no denying that it is steeply progressive.” And second, it said, “The trend over the past two decades is that the income tax burden has … [Read more...] about Are The Superrich More Burdened And Paying The Highest Tax Rates?

Share to Twitter Share to Linkedin Digital financial tools have continued to grow in popularity, with users taking a particular interest in investing and financial planning. The greater proliferation of these services is allowing people more access to wealth creation and preservation opportunities than ever before. The fundamentals of financial management have remained largely the same for a long time, with consistent, responsible practices coupled with a long-term financial plan generally yielding positive results. However, greater interest in markets, exchanges, and investment from individuals is creating a significant market for more flexible and approachable tools and services. While retail trading apps like Robinhood have been a source of media interest and some controversy, developments in this sector have continued to expand and adapt to fill the needs of increasingly sophisticated consumers. With this increase in options, finding the right tool for … [Read more...] about What Tools Can Help Your Finances In 2023

As promised, President Joe Biden vetoed an attempt by House and Senate Republicans to strike down the Department of Labor's (DOL's) ESG rule Monday. "I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country," Biden said in a video posted on Twitter. "They couldn't take into consideration investments that would be impacted by climate, impacted by overpaying executives and that's why I decided to veto it." The rule allows ERISA retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors when making investments or creating offerings. It will remain in effect, barring a 2/3 majority vote to override the veto, which is considered highly unlikely. Key Takeaways Biden's veto of Congressional legislation striking down the new ESG rule means the rule remains in place, barring a 2/3 majority override by Congress. The new rule retains core fiduciary … [Read more...] about What Biden’s ESG Bill Veto Means For Your Retirement

Share to Twitter Share to Linkedin A year ago, a study conducted by Workvivo , an employee experience engagement app, highlighted the challenges human resources professionals had to contend with at the time. The study surveyed more than 520 HR professionals in the United States and the U.K. on burnout in the HR department. Ninety-eight percent of HR professionals self-reported that they were experiencing burnout, while 94% said they felt overwhelmed and 88% of respondents said they dreaded work. As a result of workplace transformations, HR navigated in-office, remote and hybrid work styles. They contended with the Great Resignation, sourcing, recruiting, onboarding and retaining workers. The war for talent took its toll, as HR professionals felt undervalued and under-resourced. Human resources professionals are, once again, experiencing stress and anxiety, but this time for a different reason. Instead of being exhausted from all the hiring, HR, … [Read more...] about Human Resources And Recruiters Are Getting Axed

Share to Twitter Share to Linkedin The Lodge 10.25-Inch Cast-Iron Skillet earned the highest marks in my larger tested review of the best cast-iron skillets . Ahead, learn more about this affordable all-purpose pan and why I love it so much. After extensively testing eight of the most popular cast-iron skillets available on the market, I believe the American-made Lodge 10.25-Inch Cast-Iron Skillet is the best all-purpose pan for most home cooks. Heavy and durable, the pre-seasoned skillet can fry eggs without them sticking, bake evenly browned cornbread that releases easily and sear steaks with a crisp, dark crust. Adding to the pan’s versatility, it can do all of that pretty much anywhere: on your gas, electric or induction stove; on any type of grill; and even over a campfire. With this durable skillet, it’s easy to see why Lodge is practically synonymous with cast iron. For just $20, you can have a longtime bestselling skillet that can … [Read more...] about Lodge Cast-Iron Skillet Review: A Versatile Pan At An Unbeatable Price

Share to Twitter Share to Linkedin Center-stage startups may soon become gamechangers; meanwhile their journey could already contain a valuable lesson for us all Innovation Spotlight The journey of each start up is unique, yet the challenges they encounter are not. The ways they choose to overcome obstacles on their path, the creativity it takes to maneuver and prevail along the way and their ultimate recipes for success can all fill chapters in a potential guidebook for new starts up. Each company has something to contribute to this vast shared pool of collective knowledge. Foresight Autonomous Holdings (Nasdaq and TASE: FRSX) is an innovator in automotive vision systems; it develops smart multi-spectral vision software solutions and cellular-based applications. Startup’s founder and CEO, Haim Siboni, explains: “Our vision solutions vary. They include modules of automatic calibration and a dense three-dimensional (3D) point cloud that can be … [Read more...] about The Trailblazers: Introducing Foresight