Further opening investment, trade an opportunity for China, US: Former treasury

NEW YORK — Both China and the United States have the opportunity to do well if they further open investment and trade to each other, former US Secretary of the Treasury Jacob Lew said Friday. Lew said that China will benefit from increased US investment in service sectors such as finance and insurance, while the United…

N.J. considers $38.4M tax break for Atlantic City roller coaster

The company building an entertainment complex anchored by a massive a 350-foot vertical roller coaster in Atlantic City is seeking up to $38.4 million in state tax incentives for the project. The state’s Economic Development Authority listed the request by ACB Ownership for 27.8 percent of the total project costs on the agenda for its meeting…

Can you guess which country’s businesses face the highest taxes?

American corporations face the highest statutory tax rate in the world. But the US could become one of the most appealing tax havens on Earth if some lawmakers have their way. The US federal corporate tax rate is 35 percent, but when you add in state taxes, that climbs to close to 40 percent. The European…

Journalism in the era of clickbait

In an age overwhelmed with clickbait stories, where clicks mean money, is mainstream journalism losing its relevance? And are there any alternative sustainable business models, which allow professional journalists the freedom to produce meaningful and balanced journalism? These were some of the questions put to a panel of TV and radio directors from across the globe…

Shanghai becomes world’s biggest trading city

Official figures are suggesting Shanghai is now the world’s largest international trading city due to the government’s measures to encourage and upgrade trade. Imports and exports through the city’s ports were nearly 6.9 trillion yuan ($1 trillion) last year, accounting for 28.3 percent of national value and 3 percent of global trade. Shanghai overtook Hong Kong…

HomeBanc is Named Top Workplaces in Tampa Bay

TAMPA, Fla., April 11, 2017 /PRNewswire/ — HomeBanc announces it has been selected as one of the Tampa Bay Times “Top Workplaces” for the fifth year in a row. HomeBanc was ranked as the top bank to work for out of 50 companies in the small business category. The complete “Top Workplaces” list is featured in…

Half of Students Receive Financial Literacy Education: Survey

John Hope Bryant thinks financial literacy is the new civil rights issue. “To quote Ambassador [Andrew] Young … ‘to live in a free enterprise and to not understand the rules of free enterprise, just might be the next definition of slavery,’” Bryant told ThinkAdvisor. Bryant is the founder, chairman and chief executive officer of Operation HOPE,…

In Zimbabwe, Cows May Soon Be Used to Secure Loans

Banks in Zimbabwe could soon be forced to accept cows, sheep and other livestock as collateral from small businesses applying for cash loans. The country’s finance minister, Patrick Chinamasa, put forward the Movable Property Security Interests Bill for its second reading in parliament on Tuesday, Bloomberg Markets reported. The purpose of the bill is to enable…

Maryland Passes Bill Aimed at Stopping Drug “Price Gouging”

A new piece of legislation aimed at stopping the “unconscionable” spikes in drug pricing has been passed with enthusiastic bipartisan support in Maryland. The bill, which was passed 38-7 in the Senate and 137-2 in the House of Representatives, would allow the state’s attorney general to seek legal action against pharmaceutical companies for price gouging life-saving…

Kids’ clothing retailer Gymboree reportedly filing for bankruptcy

Children’s clothing retailer Gymboree Corp. is filing for bankruptcy, Bloomberg is reporting. The company has a looming June 1 interest payment on its debt — which amounts to more than $1 billion. Gymboree has about two dozen retail and outlet locations across New Jersey. Retail collapse: The 23 biggest chains closing stores this year According to…