Hurricane Ian is Ripping Apart Florida’s Property Insurance Industry
Expect a painful, costly cleanup effort after Hurricane Ian.
Policy
The Fed Hosts Global Banking Summit at Jackson Hole as Rate Hikes Loom
The world’s economic elite are descending on a Wyoming ski town once more.
Ultra-Rich Americans Seek Refuge in Offshore Accounts
A new Senate report sheds light on a massive tax loophole.
Billions in Corporate Taxes Piling Up Under New Executive Pay Rules
What happens when you tax sky-high executive compensation? Companies prove willing to hand over hundreds of millions in cash to pay for it. That’s a key takeaway from new analysis by The Wall Street Journal, which shows how tax overhauls…
Google Gets Rebuffed by US Regulators, Amazon Plays Nice With EU’s
In this game of Monopoly, both players are set out to convince everyone that they are nothing like Rich Uncle Pennybags. On Thursday, regulators considered proposals from two of the world’s biggest tech titans to sort out concerns about their…
The UK Declines Direct Rule Over British Virgin Islands
This is a story about second chances. A damning report commissioned by the British government and published in April found widespread corruption in the mostly-autonomous territory of the British Virgin Islands (BVI), and called for the suspension of its constitution,…
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‘Quad’ Nations to Track Illegal Chinese Fishing
You’ve heard of the trade war; now, how about a fishing war? President Joe Biden and leaders from Japan, Australia, and India — the four member nations of the Quadrilateral Security Dialogue, or simply the Quad — are set to…
War In Ukraine Could Spur Billions In Insurance Claims
Whether it’s a fender-bender that busted your tail lights or a house flood that ruined your basement’s fancy new leather sectional, filing an insurance claim can be a nauseating but necessary next step. But in war-torn Ukraine – with shelled…
Senate Committee Passes Sweeping App Store Reform Bill
It’s been a bad week for Big Tech. And the news just keeps getting worse. In a rare and sweeping act of bipartisanship, the Senate Judiciary Committee near-unanimously approved a piece of legislation that would make antitrust godfather John Sherman…
China Cracks Down Hard on Bitcoin, Journalism
When Xi Jinping and China’s ruling party don’t like something, it’s usually met with a crushing blow. Their latest targets – bitcoin miners and Hong Kong’s free press – are no exception. Apples to Orange Jumpsuits Apple Daily, a pro-democracy…
States Squabble Over Income Tax Rules
Imagine being asked to pay income taxes to a state you’ve never worked a single day in. That’s a real possibility for New Hampshire residents who started a job at a Boston company this year. Working from home has changed…
