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Spain to Seek European Bailout…Tomorrow: Wall Street Roundup
Whither Europe: Spain will request European aid for its failing banks on Saturday afternoon, Reuters reports. That comes after Fitch Ratings downgraded Spanish debt three notches yesterday, and ahead...
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Citigroup Blasts ‘Hasty, Self-Interested’ Nasdaq Over Facebook IPO;...
Citigroup says it gave Nasdaq a chance to make good on the botched Facebook IPO that cost market makers hundreds of millions of dollars. Now Citi has run out of patience, blasting the exchange in a...
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Whose Sacrifice Is It Anyway? The So-Called Grand Bargain Would Fleece the...
Photo Illustration Ed Johnson So now that the election is done at last, we can get down to the hard work of striking a “grand bargain” on the budget by cutting spending and raising taxes, and thus...
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The Zen Move: Here’s Why Obama Should Fold in Fiscal Follies
Photo illustration by Ed Johnson. The conventional wisdom insists that President Obama has all the leverage right now over the Republicans in their negotiation for a “grand bargain” to close the budget...
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Republicans Announce 'Backup Plan' in Fiscal Cliff Negotiations
(Photo: Getty) Earlier this morning, Speaker John Boehner and the U.S. House Republican leadership held a press conference to announce a new proposal to raise taxes on the wealthy and avoid the...
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Estate of the Union: Co-op Owners Rush to Complete Trust Transfers Before We...
Whatever happens with the fiscal cliff, no one expects the gift tax exemption to be as generous next year. They say nothing is certain except death and taxes, but—as estate planners know—there’s...
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John Boehner Hopes the President 'Will Get Serious' About the Fiscal Cliff
(Photo: Getty) The budgetary impasse in Washington continued today, with the White House rejecting Speaker of the House John Boehner’s “Plan B” proposal to extend the current, reduced tax rates for...
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Buyers, Sellers and Brokers All Work Together to Escape the Taxman
Don’t let the taxman take it away. Closings can be fraught with tensions between buyers, sellers, co-op boards. But the end of 2012 has brought a new esprit de corps to high-end residential real estate...
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What Color Is Your Parachute? Site Suggests a Sugar Daddy to Survive the...
Ladiesss! Is the idea that the country might careen over the fiscal cliff, thereby increasing your tax bill in 2013,
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As Long As We’re Talking About Taxes, Let’s Talk About How We Tax Tech Investors
A funny thing happened the other day: somebody actually mentioned the debate over how the government should tax money managers
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