Pagaya investments ed mallon

In an effort to collect tax revenue in ever new and creative way, Congress passed the Foreign Account Tax Compliance Act (FATCA), requiring that all American dollars invested overseas pay a 30 percent tax penalty, creating an “bureaucratic nightmare for fund managers,” according to the Economist. On top of this added tax burden, foreign financial institutions (FFIs) — the ones responsible for reporting these investments — are now at the helm of the IRS. While the law has gone largely unnoticed domestically, abroad, foreign firms have been scrambling for the last two years as the Jan. 1, 2013 phase-in looms and companies try to assess the added cost of compliance with the IRS. The burden is so great that many foreign institutions have decided to no longer accept American clients. One Singapore-based banker told Bloomberg, “I don’t open U.S. accounts, period.” Bloomberg added that the new regulatory burden means “additional compliance costs for banks and fewer … [Read more...] about New foreign investment reporting estimated to cost more than it will raise in revenue

Isabella Hageman never had a Black teacher — someone who looked like her — in her entire K-12 schooling in South Dakota. The 19-year-old college freshman wants to change that reality for Black students in Colorado where most teachers are disproportionately white compared to their students. “I want to be able to connect on a deeper level with other students of color and be more culturally aware and sensitive,” Hageman said. “I know when I was young, teachers would always come up to me and touch my hair and things like that. It would also be great to include more people of color in lesson plans to show representation that way. I mostly only remember learning about white people when I was in school.” A new, one-of-a-kind program launching between the Sachs Foundation, a Colorado Springs-based organization that offers Black Coloradans educational opportunities, and Colorado College is aiming to attract, support and retain Black teachers in the state. A key pillar in the program’s novel … [Read more...] about To retain more Black teachers, new Colorado higher ed program supplements their salary up to $20K

Sen. Ed MarkeyEd MarkeyVaccine inequity prompts calls for federal response Overnight Energy: Biden administration delays Trump rollback of migratory bird protections | Democrats seek to block further Arctic drilling | Democratic senator pushes for clean electricity standard Democrats seek to block further Arctic drilling MORE (D-Mass.) said Monday he is hopeful there is bipartisan support in Congress to take action on updating national broadband plans.His statement underscored the urgency of modernizing the plan to expand internet access as the coronavirus pandemic continues to highlight the digital divide.“I've always believed that, essentially, telecommunications policy is bipartisan — should be bipartisan. You have to work hard to make it ideological,” Markey said during the INCOMPAS Policy Summit.ADVERTISEMENT“My hope is that we’ll be able to really move forward in a way that reflects the ultimate need for bipartisanship,” he added. On … [Read more...] about Markey urges bipartisanship in push to update broadband plan

Democrats will face an early test of unity in the coming weeks as they prepare a resolution for the 2022 budget that is meant to serve as a vehicle for moving infrastructure and climate change legislation through the Senate on a Democratic vote.Democrats are using budget reconciliation rules for the 2021 budget to move a COVID-19 relief package through the Senate and avoid a filibuster. For that package, which only required a shell budget, they are relatively unified.But the next package is expected to pit progressives against fiscal and defense hawks.ADVERTISEMENT“It’s not going to be easy to say the least,” said House Budget Committee Chairman John YarmuthJohn Allen YarmuthHouse will have to vote on budget second time as GOP notches wins On The Money: Biden commits to ,400 checks, but open to eligibility limits | House approves budget resolution for COVID-19 package | McConnell seeks to inflict political pain on budget votes House approves budget resolution for … [Read more...] about Senate Democrats likely to face key test of unity on 2022 budget

It’s not your imagination and it’s not hyperbole: The nation is as politically divided today as at any point in the last century. President Biden Joe Biden Klain on Manchin's objection to Neera Tanden: He 'doesn't answer to us at the White House' Senators given no timeline on removal of National Guard, Capitol fence Overnight Defense: New Senate Armed Services chairman talks Pentagon policy nominee, Afghanistan, more | Biden reads report on Khashoggi killing | Austin stresses vaccine safety in new video MORE captured 224 congressional districts in the 2020 elections, compared to 211 won by former President Trump Donald Trump Senators given no timeline on removal of National Guard, Capitol fence Democratic fury with GOP explodes in House Georgia secretary of state withholds support for 'reactionary' GOP voting bills MORE . Only 16 districts — nine held by Republicans, seven by Democrats — split their vote between the presidential contest … [Read more...] about Six ways to visualize a divided America