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Ministers’ review into energy bills ‘fatally damaged’ after appointing City wind farm backer as adviser

“A Government review into soaring energy costs is “fatally damaged” because it has appointed a City adviser who makes money from energy schemes that are blamed for keeping bills high, it was claimed last night” writes Chief Political Correspondent for telegraph.co.uk. Richard Nourse, who was appointed to the five strong advisory panel advising Professor Dieter Helm on Greg Clark’s energy review earlier this month, is now under pressure to quit.The review was set up last week to “deliver on Government’s commitment to consider how to keep energy costs as low…

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Shock: Bill for regulations higher than taxes to Uncle Sam, $3.7T total

“So, despite record individual income tax collections, the combination of the two, $1.85 trillion, still falls short of our regulatory cost reckoning of $1.9 trillion” writes Paul Bedard for washingtonexaminer.com. Corporate income taxes collected by the U.S. government, estimated as noted at $278 billion for 2017, are dwarfed by regulatory costs. (Incidentally, corporate tax receipts had declined by half during the economic downturn after 2008).Indeed, regulatory compliance costs are approaching the level of pretax corporate profits, which were $2.138 trillion in 2015. Source: washingtonexaminer.com Share This:

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Here’s the real price of a Tesla Model 3

“You may be eligible for local or federal tax incentives when you purchase your Model 3,” Tesla writes on its webpage” reports businessinsider.com. Tesla will first produce Premium Model 3 cars, so those who want to stick with the base price have a longer wait ahead of them.In fact, a base Model 3 costs more than a base BMW 3 Series. Source: businessinsider.com Share This:

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One of These Planes Will Be the Air Force’s New Light Attack Aircraft

“Over the deserts of New Mexico, the U.S. Air Force is kicking the tires on four light aircraft, one of which will almost certainly end up being the service’s next light attack aircraft” writes unknown author for popularmechanics.com. Unless all four wash out of the competition, it seems a certainty that one of them will win out and become the Air Force’s next light attack jet.Previously, the Air Force has used everything from A-10 Thunderbolt II attack jets to B-1B bombers in the close air support role. Source: popularmechanics.com Share This:

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Startup Blokable stacks up alternatives to high housing costs

“Aaron Holm founded Blokable in 2016 with the aim of creating more affordable housing by manufacturing move-in-ready units” writes Kara Carlson for seattletimes.com. Blokable’s aim is to create more affordable housing by manufacturing move-in-ready units as an alternative to customized homes.With rising home prices breaking records throughout the Puget Sound area, affordable housing can be hard to come by, and building a new home can be a long and complicated process.Blokable will allow developers of relatively simple housing projects to eliminate a lot of the time and costs that go…

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Inflation is back and you might have to make tough decisions on the weekly shop

“Beauty products did indeed sell particularly well through the aftermath of the financial crisis and the sterling-led rise in prices” writes Tim Wallace for telegraph.co.uk. One other product which appeared to follow that path was the premium ready meal which offers two servings for £10, including a bottle of wine, a deal which flourished after the financial crisis.Other sectors which might have a tougher time are those which have spent the past decade slashing costs already, leaving them with little fat to trim.A lucky few industries typically weather inflationary storms…

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US wholesale prices edged down 0.1 percent in July

“The 0.1 percent dip in wholesale prices in July reflected a 0.3 percent drop in energy costs in July, which followed even bigger declines in May and June” writes The Associated Press for seattletimes.com. Core inflation, which excludes volatile food and energy costs, also fell last month by 0.1 percent.The Labor Department said Thursday that its producer price index, which measures inflation pressures before they reach the consumer, edged down 0.1 percent last month, reflecting a third month of declines in energy prices and a flat reading for food. Source: seattletimes.com…

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Tribune Media gets hit by surging TV programming costs

“US broadcaster Tribune Media, which agreed to be bought by Sinclair Broadcast Group, reported a lower-than-expected quarterly profit, hurt by higher programming costs” reports nypost.com. Total programming costs rose 27.9 percent to $157.1 million in the second quarter ended June 30.The company’s net loss narrowed to $30.4 million, or 35 cents per share, in the second quarter, from $161.6 million, or $1.76 per share, a year earlier. Source: nypost.com Share This:

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The Most Baffling Things President Trump Believes About Money

“When it comes to money and finances, here are some of the most confusing, baffling, and downright alarming things the president has said” writes Sam Becker for cheatsheet.com. When it comes to money and finances, you can look at a number of things Trump has said that are downright baffling — mostly because he is a billionaire and self-described successful businessman.Perhaps the most confounding thing Trump has said lately — though it did fly under the radar given everything else that’s going on — was that he thought health insurance…

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