There are several reasons why black money exists within real estate, and some of these are natural consequences of legacy structural issues. The most complex issue is that of tax. Taxation in real estate is considerably regressive. The corrupting areas in real estate – land transactions, for the most part, ... Read More »
US President-elect Donald Trump today said he intends to nominate conservative activist and billionaire philanthropist Elisabeth ‘Betsy’ DeVos as his Education Secretary. After Indian-American Nikki Haley, DeVos, 58, is the second woman to be nominated to a Trump Cabinet. Haley has been nominated to the position of US Ambassador to ... Read More »
A third person has died in Victoria following extreme weather conditions which triggered a mass-outbreak of asthma in and around Melbourne. Apollo Papadopoulos, 35, died from an asthma attack and after paramedics failed to revive him despite trying for more than 50 minutes , his friend Dee Kay, wrote on ... Read More »
While the major U.S. stock indexes hit all-time highs Tuesday, health care stocks traded lower on disappointing earnings and gave back some of a post-election relief rally that had lifted the sector. “Medtronic certainly had a pretty tough quarter and [is] driving down medical devices” stocks, said Mike Bailey, director ... Read More »
With Israeli President Reuven Rivlin visiting India on Monday, promoting education ties between the two countries will be one of the top agendas of discussion. Around fifteen MoUs are going to be signed between Indian and Israeli universities in the field of research and promoting exchange of faculty between the ... Read More »
The British government will be “unashamedly pro-business” as it seeks to forge the country’s future role outside the European Union, but business must also act responsibly, Prime Minister Theresa May will say on Monday. In a speech at Mansion House in the City of London financial district, May will say ... Read More »
Falling consumer demand and a halving of central bank purchases resulted in a 10 percent drop in gold buying in the third quarter, data from the World Gold Council showed on Tuesday, despite a rise in investment. Added to a 4 percent rise in supply, that pushed the overall quarterly ... Read More »
– All three major U.S. stock indices completed the week Friday by posting losses, with the presidential election four days out. Losses on Wall Street are commonplace immediately prior to a U.S. presidential election, but Friday’s trading placed the S&P 500 in record territory. The bellwether index dropped just three ... Read More »
Something interesting is happening here. What we might have once described as junk is now fetching large amounts at auction, bought to decorate the thousands of new and renovated apartments built in recent times. Fifty years ago people were picking up similar stuff from op shops like the famous Tempe ... Read More »
Militants wearing suicide vests stormed a Pakistani police academy in the southwestern city of Quetta overnight, killing 61 people, mostly police cadets and recruits, and waging a ferocious gunbattle with troops that lasted into early hours Tuesday. The four-hour siege is one of the deadliest attacks on Pakistan’s security forces ... Read More »
The Swiss bank is starting a new business that will help investors capitalize on reduced property prices after a two-year recession, the firm’s Brazil chief executive officer, Sylvia Coutinho, said in an interview in Sao Paulo. Specialized consultancy Real Estate Capital will work exclusively with the team, and REC CEO ... Read More »
As an ex-serviceman and keen rugby player Prince Harry is not the obvious type to favour pink paint. But it has emerged the young Royal asked decorators to paint his walls in the feminine shade – the must-have shade in interior design at the moment. The revelation was made by ... Read More »
