Eliminating taxes on tips — an idea supported by both major party 2024 presidential candidates — could benefit some service workers but the overall impact may not be that dramatic, says a Virginia Tech expert. There are roughly 4 million workers for whom tips make up a significant portion of their income.
By: Stephen Stone | Published: September 17, 2024 | 3:08 pm | SHARE: On Wednesday, Americans are primed to see the first reduction in the Federal Reserve’s benchmark interest rate in over four years. The size of the cut is widely expected to be either 0.25 or 0.5 percent.The Fed’s current benchmark rate of 5.25 percent is the highest in 23 years and was set to tame inflation that elevated quickly during the pandemic.
Volunteering used to be a mainstay of U.S. culture. But in recent years, giving back to their community hasn’t played as big a role in many Americans’ lives. New research from the University of Georgia suggests the economy may be to blame.
Research by the University of Pittsburgh shows that state and federal appropriations allowing Pennsylvania to treat abandoned mine drainage works to both successfully and cost effectively clean up acidic water. But their research also shows funding is insufficient for long-term treatment for mine drainage and other abandoned mine hazards
Peter Boumgarden, director of Olin Business School’s Koch Family Center for Family Enterprise at Washington University in St. Louis, discusses Vice President Kamala Harris’ plan to expand the small business tax credit and other ways in which the government can support existing small businesses.
The Federal Reserve Board is likely to cut interest rates at its Sept. 17-18 meeting — but experts from Virginia Tech agree that the adjustment will be small. “I think the Fed wants to display independence, so I am pretty sure they will not give either political party a 'valid' reason for criticism,” said Vijay Singal, head of the finance department in Virginia Tech’s Pamplin College of Business.
According to The Washington Post, “the findings are yet another example of how a supercharged rental market is squeezing people who also can’t afford to buy.” ...
New program brings unique and intentional approach to advancing partnerships that deliver tangible results for BGSU and its partners
U.S. inflation has eased to a three-year low, paving the way for the Federal Reserve to potentially cut interest rates next week. ...
The University of Illinois Urbana-Champaign has been at the forefront of nutritional science research and education for over 100 years. In a new paper, Illinois nutrition professors and former directors of the Division of Nutritional Sciences John Erdman and Sharon Donovan trace the illustrious history and significant impacts that the U. of I. has had on human and animal health.
Land was once set aside as Native American reservations because it was undesirable and low in resources, but now interested Native Americans may have economic leverage in the growing industry of clean energy. A team of researchers led by UW–Madison professors Dominic Parker and Sarah Johnston quantified the economic potential of wind and solar energy projects on these lands and discussed the regulatory barriers for tribes wishing to tap into it.
Employers added 142,000 jobs in August, signaling a continued slowdown in the labor market as unemployment ticked down to 4.2 percent. ...
Google representatives will report to Alexandria, VA on Monday to face off with the Department of Justice for their second major antitrust trial this year. ...
Researchers examined environmental factors associated with crash incidence in lower-income and more affluent areas in Broward and Palm Beach counties, revealing that the nature of pedestrian crash risk is markedly different in lower income communities than in more affluent ones.
The Lancet Commission on Global Gun Violence and Health, which was launched today, will study gun violence as a complex public health threat, according to Adnan Hyder, chairman of the commission and... ...
University of Miami economists assess the factors that cause food prices to fluctuate, while noting that government policies to reduce food costs likely have little impact.
New research reveals that Initial Coin Offerings (ICOs) conducted on proprietary blockchains are fundamentally much more likely to succeed in the long term, highlighting the significant impact of network effects on ICO performance.
Cal State Fullerton earned the No. 16 spot out of 201 colleges on Washington Monthly’s 2024 list of America’s Best Bang for the Buck Colleges: West, moving up from No. 19 on the 2023 list.
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