18 June, 2015 by The TZ Newswire Staff Comments Off on RenTech Uses "Amazing" Legal Trick To Help Employees Dodge Retirement Taxes
RenTech Uses "Amazing" Legal Trick To Help Employees Dodge Retirement Taxes
Jim Simons’ Renaissance Technologies and its internal HFT fund Medallion are no strangers to questions about tax avoidance. Last July, a Senate subcommittee report alleged that Renaissance, with the help of Deutsche Bank (of course) and Barclays, skirted leverage limits and avoided paying ordinary income tax on billions in trading profits by using basket options. Here, from the Senate report, is how the scheme worked:
18 June, 2015 by The TZ Newswire Staff Comments Off on Dollar outlook darkens, sterling shines
Dollar outlook darkens, sterling shines
The dollar wallowed at a fresh one-month low against a basket of major currencies early on Friday.
18 June, 2015 by The TZ Newswire Staff Comments Off on Pope Francis Calls For A New Global Political Authority To Save Humanity
Pope Francis Calls For A New Global Political Authority To Save Humanity
18 June, 2015 by The TZ Newswire Staff Comments Off on Is This What The New $10 Bill Will Look Like?
Is This What The New $10 Bill Will Look Like?
Treaaury Secretary Jack Lew revealed last night that Alexander Hamilton – he of The Federalist Papers and first central bank of America – will be ousted from the $10 Bill in favor of a woman (as yet unnamed).
“We are going to be open to many ideas as we go forward consistent with theme of democracy,” Lew said. “Our thinking is to select a woman who has played a major role in our history who represents the theme of democracy.”
18 June, 2015 by The TZ Newswire Staff Comments Off on Middle Class Incomes Yet To Recover From Crisis As Wealth Gap Widens
Middle Class Incomes Yet To Recover From Crisis As Wealth Gap Widens
“First, widening inequality is a very long-term trend, one that has been decades in the making. The degree of inequality we see today is primarily the result of deep structural changes in our economy that have taken place over many years, including globalization, technological progress, demographic trends, and institutional change in the labor market and elsewhere. By comparison to the influence of these long-term factors, the effects of monetary policy on inequality are almost certainly modest and transient.”
18 June, 2015 by The TZ Newswire Staff Comments Off on A Dividend ETF Offering Far More Than Equity Income
A Dividend ETF Offering Far More Than Equity Income
Dividend ETFs holding U.S. equities have struggled to beat the broad market of late. But their performance has been roughly in line with the S&P 500 index over longer periods of time. The $1.2 billion First Trust Value Line Dividend (FVD) has risen 8.2% in the past year. It’s a top performer among exchange traded funds holding U.S. dividend payers. But SPDR S&P 500 (SPY), a proxy for the broad market, has advanced 10.5% over the same period.
18 June, 2015 by The TZ Newswire Staff Comments Off on 3 Stocks to Watch in Mortgages
3 Stocks to Watch in Mortgages
There are several types of mortgage-related stocks, and these three could be interesting to watch in the months ahead.