Jeff Bezos said US President Joe Biden's plans for larger spending were largely thwarted by Senator Joe Manchin. Jeff Bezos has criticised US President Joe Biden's take on inflation again. The Amazon founder said that the administration tried hard to inject more stimulus into an already inflationary economy. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country," Bezos tweeted. He was reacting to a tweet by an NGO which appeared to disagree with Biden's claims that this year, the government is on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever. Joe Biden also claimed that under his predecessor Donald Trump, the deficit increased every year. The Twitter user Neoliberal then pointed out, "The deficit is decreasing because we’re not doing pandemic aid anymore, and federal receipts are up because of inflation. Congress, or the Biden administration, didn’t do anything to lower the deficit." … [Read more...] about Jeff Bezos hits out at Joe Biden again: ‘Misdirection doesn’t help the country’
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Jeff Bezos criticises Joe Biden over tweet on taxing super rich to control inflation
Jeff Bezos, the third richest person in the world with a net worth of $138.8 billion, called US President Joe Biden's take on inflation a misdirected one. Jeff Bezos has criticised US President Joe Biden over his remark on controlling inflation in the country by taxing "the wealthiest corporations". "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share," Biden had tweeted on Saturday. You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 Inflation in the US surged to 8.3% in April, approaching a 40 year record, the New York Post reported. Prices for food and fuel have soared. Close Bezos, the third richest person in the world with a net worth of $138.8 billion, called the President's take on inflation a misdirected one. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them … [Read more...] about Jeff Bezos criticises Joe Biden over tweet on taxing super rich to control inflation
15 productivity hacks that keep business leaders on track
When you are stretched thin with plenty on your to-do list, believe it or not, the best thing you can do is to relax (mentally and physically) periodically throughout the workday. By doing so, you’ll refuel your energy level, be more focused and productive as you push past the finish line to reach your short- and long-term goals. advertisement advertisement Below, experts from Fast Company Executive Board describe their most effective productivity hacks during crunch time and how useful they are when you are trying to get the most done. 1. ALWAYS HAVING A BACK-UP PLAN IN PLACE When an eleventh-hour health scare pushes an event online or top-tier talent decides to perform from home instead of in person, success relies on decisions you made months before. At VIVA, we have satellite planning teams in place who are directed to work on scenarios B and C, even while plan A is moving ahead full steam. In that way, the quality of what we do remains high … [Read more...] about 15 productivity hacks that keep business leaders on track
KUSKOP plans to provide special scheme to help graduate entrepreneurs
Entrepreneur and Cooperative Development Minister Tan Sri Noh Omar - A + A SHAH ALAM (May 16): Entrepreneur and Cooperative Development Minister Tan Sri Noh Omar said his ministry plans to provide a special scheme to help graduate entrepreneurs. “I will tell you about this (assistance) later but we are discussing it because, for example, we (already) have a scheme for the informal sector. “So, it is time we have a special scheme for entrepreneurs among our local graduates,” he said. Noh said this to the media at the Ministry of Entrepreneur Development and Cooperatives (KUSKOP) Minister’s Aidilfitri Celebration, which was also attended by Prime Minister Datuk Seri Ismail Sabri Yaakob here on Monday (May 16). He also said his ministry would continue to help entrepreneurs with various forms of assistance provided by the government, especially when the country’s economic activities are now back to normal. “If we do not have time this year, we will request … [Read more...] about KUSKOP plans to provide special scheme to help graduate entrepreneurs
Can Small Businesses Adapt Their Supply Chain With Current Challenges?
Share to Twitter Share to Linkedin 2021 brought rising shipping and oil costs and major supply issues, largely driven by shipping disruption, container shortages, COVID staffing challenges and Brexit red tape. 2022 has brought even more challenges, the devastating war in Ukraine has exacerbated global retail issues as 86% of SMB supply chains have already been or expect to be impacted by the conflict abroad. The resurgence of Omicron in China kick-starting Covid restrictions is also predicted to have a major impact on the supply chain well into the summer . ADVERTISEMENT So the ongoing and ever-changing supply-chain issues are a constant theme for retailers - small businesses are feeling the brunt. Insights from Software Advice’s new Small and Midsize Business Retail Supply Chain Survey show “nine out of ten small and midsize business (SMB) retailers feel that larger companies have an advantage over them in their ability to procure … [Read more...] about Can Small Businesses Adapt Their Supply Chain With Current Challenges?
‘That’s Not How You’re Going To Solve Inflation’: CNBC Host Calls Out Pete Buttigieg To His Face
CNBC host Andrew Ross Sorkin confronted Transportation Secretary Pete Buttigieg on the administration’s plans to tackle inflation during Monday’s “Squawk Box.” Sorkin brought up the issue of the administration’s plans to raise corporate taxes in light of President Joe Biden’s tweet Friday urging that “the wealthiest corporations pay their fair share” in order to bring down inflation . The host then pressed Buttigieg, arguing that corporate taxes and inflation are two separate issues for the most part. “Yes, in the immediate term, maybe it will have some impact on inflation,” Sorkin began. “But corporate taxes is a long-term issue, you either do it because you think it’s the right thing to do or the wrong thing to do, not because you’re trying to deal with inflation right this second.” “A lot of it is what you’re going to do with the revenue and again, we have an agenda to use tax revenue on things that are going to ease inflationary pressures,” Buttigieg replied. “But also, … [Read more...] about ‘That’s Not How You’re Going To Solve Inflation’: CNBC Host Calls Out Pete Buttigieg To His Face
Karine Jean-Pierre Stumped On Her First Day When Peter Doocy Asks How Raising Corporate Taxes Lowers Inflation
The new White House press sec. Karine Jean-Pierre appeared to dodge a question from Fox News’ Peter Doocy about a tweet from President Joe Biden regarding inflation. “Karine, congratulations, it’s nice to see you up there,” Doocy began. “The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?” “Um, so, are you talking about a specific tweet?” Jean-Pierre, who appeared stumped, asked. Doocy then referenced a May 13 tweet from Biden that said “you want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 “Look, we have talked about, um, we have talked about this past year, about making sure that the wealthiest among us are paying their … [Read more...] about Karine Jean-Pierre Stumped On Her First Day When Peter Doocy Asks How Raising Corporate Taxes Lowers Inflation
Why the defense industry could be the most transformative market for startups
advertisement advertisement At a time when young companies struggle to find technology sectors not dominated by Silicon Valley’s giants , most startups remain oblivious to one of the largest markets in the world, the U.S. Defense Department. The military awarded $445 billion in contracts in 2020. By comparison, last year’s global market for software-as-a-service, one of the hottest sectors for startup creation and investment, was estimated at $104 billion . There’s a willing market here, too. The Pentagon is eager for help from the nation’s innovators. The military is clamoring for cutting-edge technologies in areas like artificial intelligence, machine learning, and autonomy. To attract interest the Defense Department is handing out unprecedented numbers of small contracts and in 2020 seeded 1,635 firms with more than $1.5 billion in early funding. Dozens of outreach programs across the military now offer quick revenue to early-stage companies. … [Read more...] about Why the defense industry could be the most transformative market for startups
Shanghai’s Strict 6-Week Lockdown Nears End As Covid Outbreak Eases
Share to Twitter Share to Linkedin Topline Covid-19 cases in Shanghai continued to decline, prompting authorities on Monday to announce plans for a phased reopening of the city after it endured six weeks of stringent lockdowns that left a bruising impact on China’s economy. Key Facts According to China’s National Health Commission, Shanghai reported a total of 938 new cases—all inside areas with the most stringent quarantine restrictions—and four deaths. The city’s vice mayor Zong Ming said 15 out of Shanghai’s 16 districts have achieved “zero Covid” status, which implies three days of no new cases among people who are not already under quarantine within a district. For the first time since the initial lockdown, authorities on Monday offered a clear timetable for Shanghai’s reopening which would take place in phases, with restrictions on movement staying in place till May 21. As long as cases don’t rebound, something Zong said … [Read more...] about Shanghai’s Strict 6-Week Lockdown Nears End As Covid Outbreak Eases
McConnell Makes Secret Trip To Ukraine With Delegation Of Republican Senators
Share to Twitter Share to Linkedin Topline Senate Minority Leader Mitch McConnell (R-Ky.) led a delegation of Republican senators to Kyiv to meet with Ukrainian President Volodymyr Zelensky on Saturday, making them the latest group of lawmakers to secretly travel to the embattled country as the Senate works to pass a nearly $40 billion aid package. Key Facts McConnell was joined by Sens. John Barrasso (R-Wyo.), John Cornyn (R-Texas) and Susan Collins (R-Maine). Zelensky said in a statement the visit was a “powerful signal of bipartisan support,” and he thanked the U.S. for their strong sanctions, specifically banning Russian oil imports and the suspension of trade with Russia and Belarus. Zelensky said he looked forward to additional sanctions from the U.S., and he urged lawmakers to declare Russia a state sponsor of terrorism. Sens. Lindsey Graham (R-S.C.) and Richard Blumenthal (D-Conn.) introduced a resolution earlier this week, … [Read more...] about McConnell Makes Secret Trip To Ukraine With Delegation Of Republican Senators