Politician Financial News

France is great. I visit a few times a year, and the food is fantastic, the museums are amazing and day care is free (or heavily subsidized) for toddlers aged 3 months or more. New York City, where I live, is also great, with pretty good food and architecture.

Subscribe to enjoy similar stories.Bitcoin die-hards think they’ve found the hot new thing.Some longtime crypto enthusiasts are souring on bitcoin as it goes mainstream, frustrated that it no longer provides the privacy they value. Others are disenchanted with how politicians and celebrities are suddenly embracing bitcoin—or they’re just fed up with the token’s slumping price.Now, bitcoin’s early evangelists are getting behind another digital token: Zcash.Tyler and Cameron Winklevoss are among the bitcoin pioneers betting big on the so-called privacy token, which lets users shield their transaction details.Zcash’s emphasis on anonymity reminds some of crypto’s early days, when privacy was championed as a ticket to personal freedom.“It feels like bitcoin circa 2013,” said Barry Silbert, founder of Digital Currency Group and Grayscale Investments, which set up the first publicly traded bitcoin fund.Catch all the Technology News and Updates on Live Mint.

Subscribe to enjoy similar stories.A man’s body, hands bound and covered by a blue tarp, lies by the side of the road where it had been dumped minutes earlier. A blood-soaked sign says he was a “Chapito,” a member of one of two criminal factions fighting for control of this city, the cradle of Mexico’s transnational narcotics industry.Such macabre finds are common in Culiacán—a city of luxury car dealerships, fancy malls, and makeshift fentanyl labs—marking the shifting lines of nearly two years of relentless civil war between the two main clans of the pioneering Sinaloa cartel.It’s a war that the Chapitos, the heirs of Mexican drug boss Joaquín “El Chapo” Guzmán, appear to be losing, casting doubt on the future of a dynasty that once ruled vast swaths of the criminal underworld on its way to becoming the world’s top producer and smuggler of fentanyl.The latest blow came last month with the U.S.

Subscribe to enjoy similar stories.It’s happening. California looks likely to put a ‘one-time’ tax of 5% on wealth above $1 billion on the ballot in November and polls suggest it could pass— despite opposition from some economists (not so surprising) and Democratic politicians (more so). Meanwhile, calls to tax the rich are resounding across the country, from New York’s proposed ‘pied-à-terre tax’ to Washington State’s first-ever income tax, imposed only on millionaires.As someone who has been arguing for more than a decade that these taxes are bad economics, I find all this disheartening.

Mumbai finally got itself a new mayor, Ritu Tawde from the Bharatiya Janata Party (BJP), after a long hiatus. The city’s municipal corporation is the country’s richest local body and expectations from the incoming mayor were quite high.

Subscribe to enjoy similar stories. A poisonous miasma pervades the world today. Slop is a part of that miasma.

Subscribe to enjoy similar stories. The sharp selloff in Japanese bonds has a message for India’s budget. If bond vigilantes could bring such turmoil to a global safe haven on the mere hint of a tax slippage, they could rip apart any sign of fiscal recklessness in a developing economy faced with a chronic shortfall of resources to create jobs and provide welfare.

Subscribe to enjoy similar stories. Americans have a knack for turning the price of food into national theatre. In 1916 housewives boycotted “egg speculators" for daring to charge 36.5 cents a dozen.

Subscribe to enjoy similar stories. “IT IS NOT easy to think about solutions when you wake up every morning to new threats." Such was the understated view of Lars Lokke Rasmussen, Denmark’s foreign minister, on January 14th. He and his Greenlandic counterpart had just held a testy meeting with Marco Rubio, America’s secretary of state, and J.D.

Subscribe to enjoy similar stories. From 1300 to 1800, economic historians estimate that England and then Britain were in recession almost half the time. The economy was volatile, with storming recoveries following crashing downturns.

Subscribe to enjoy similar stories. IT WAS hardly the first time since Donald Trump’s inauguration last year that Europeans have been outraged by America. But the anger at the weekend, after America’s president threatened to impose a 10% tariff rate on eight European countries that had dared to send a few troops to Greenland, felt more determined than before.

Subscribe to enjoy similar stories. Nearly two decades ago, India promised itself—and the US—that nuclear power would be its next big bet. The two countries signed a landmark deal on civilian nuclear energy in 2008, amid protests from politicians and activists alike.

Subscribe to enjoy similar stories. THE IDEA that central banks should enjoy some independence is as old as central banking. “I want [it] to be sufficiently in the hands of the government, but not too much," mused Napoleon Bonaparte in 1806 of the recently created Bank of France.

Subscribe to enjoy similar stories. Japan, the US and other countries with sovereign debt at or above total GDP need to shrink their fiscal deficits to keep their debts from growing to terrifying levels. The problem is particularly concerning when a country faces higher real interest rates, since fiscal deficits rise further when the government refinances debt.

Subscribe to enjoy similar stories. MEXICO CITY—President Claudia Sheinbaum said Monday she rejected an offer from President Trump to use the U.S. military against the country’s drug cartels, as Mexican security officials grow concerned about potential American demands in the wake of Venezuelan leader Nicolás Maduro’s ouster.

Subscribe to enjoy similar stories. POSITIVE THINKING can help people who are feeling down. Politicians, too, have long understood that gloomy expectations can become self-fulfilling.

There’s no such thing as a sure thing in financial markets, but some things come pretty close. One of them is the proposition that there will be more interest-rate cuts next year—and another is that these reductions will have little to no effect on long-term rates.First, the cuts. US Federal Reserve Chair Jay Powell may have presided over his last announcement of a decrease, but odds are his successor will cut rates further next year.

Subscribe to enjoy similar stories. Chair man, of the bored You fall off a chair and your life falls apart. This is, more or less, the premise of The Chair Company, streaming in India on JioHotstar, but that sounds simple, and nothing about this deranged, precision-engineered panic attack of a series is simple.

Mumbai: A sessions court here on Saturday dismissed former Maharashtra minister Dhananjay Munde's appeal against an interim order of a magistrate, directing him to pay maintenance to a woman, who claims to be his first wife. The appeal by Munde, an NCP legislator, was dismissed by additional sessions judge Shaikh Akbar Shaikh Jafar. The detailed order was not available yet. The Nationalist Congress Party leader had claimed in his appeal that he was never married to Karuna Munde, the applicant. The magistrate did not apply his mind and passed an arbitrary order, he had argued. The Bandra magistrate court on February 4 had partly allowed Karuna Munde's plea and directed Dhananjay Munde to pay Rs 1,25,000 per month to her and Rs 75,000 per month to their daughter as interim maintenance. The magistrate had also refused to accept the former state minister's contention that he was not married to the woman.

Labor Party's Jerome Laxale won the Sydney seat of Bennelong from the Liberals at the 2022 election, votes from Chinese Australians angry about then-prime minister Scott Morrison's spat with Beijing were instrumental in his victory. Now Laxale and other politicians are using social media including Xiaohongshu, a Chinese lifestyle app also called RedNote, and other campaign strategies to appeal to Chinese communities who will again be a crucial bloc in the upcoming election. «If you want to communicate with your electorate, you need to go where your electorate are and some of them are on Xiaohongshu,» said Laxale, who has handed out 30,000 red envelopes with QR codes to his personal accounts on Xiaohongshu and another Chinese app, WeChat.

Ananya Yadav, a Class 1 student, came at the digital forefront when she rushed to save her schoolbooks during a bulldozer demolition drive that targeted her family’s home. The emotional moment, where she is seen running out clutching her schoolbag, quickly went viral, drawing attention from the Supreme Court, political leaders, and social media users alike. The incident unfolded on March 21, when Ananya returned home from her primary school to find a bulldozer arriving at her makeshift home. The district administration had brought the bulldozer to demolish what they deemed illegal structures built by Ananya’s family on government land. While her family was still in the midst of disputing the claims, Ananya noticed an adjacent hut catch fire, and without hesitation, she sprinted into her home to retrieve her most prized possession—her schoolbag. «I am the first person in my family who goes to school. I study in Class 1 in a government primary school. My younger brother Adarsh has also started going to school,» Ananya shared. Despite her parents being daily wage workers and unlettered, Ananya expressed immense pride in attending school. «Since no fee is charged, my brother and I are able to attend the school,» she explained, noting that the books were a gift from her teachers and local villagers after she excelled in tests. When asked what inspired her to dream big, Ananya enthusiastically shared, «A senior officer once visited my school. I do not know his name, but teachers told us he was an IAS officer. He became my inspiration, and therefore I too want to be an IAS,» she said, her eyes shining with determination.