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U.S. mosques increase security after New Zealand attack

“NEW YORK (Reuters) – Mosques around the United States increased security measures for Friday prayers after a gunman shot dead 49 people and wounded more than 40 at two New Zealand mosques” writes Midwest Communications Inc for 95kqds.com. For years, American Muslims have become used to police patrols, active shooter drills and private security officers guarding mosques for Friday prayers.CAIR urged worshippers in the United States and abroad to take “stepped-up security precautions.”.  Source: 95kqds.com

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Democrats are pushing the biggest tax increase you’ve never heard of

“House Democrats are currently pushing the biggest tax increase that nobody’s heard of” reports washingtonexaminer.com. This payroll tax increase would also directly tax wage increases.This tax increase would raise the business portion of payroll tax costs by $30,000, to $185,000.Larson’s plan would increase small businesses’ annual payroll tax burden per employee earning $50,000 per year by $600, to $3,700.For many employees, the payroll tax is the biggest tax burden they face. Source: washingtonexaminer.com

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Why The Modi Govt’s Claims About Job Creation Are Wrong

“Therefore, to claim higher job creation on the basis of EPFO data is problematic” writes Subhanil Chowdhury for huffingtonpost.com. In this data vacuum, the government machinery is putting out various claims about job creation in the economy based on defective statistical data.The basic problem with analysing EPFO data for employment is that the methodology of the dataset is not clear.If one now looks at the EPFO data, there will be 20 new registered workers, when the increase in employment is only one.The prime minister has said that more than a…

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S&P 500 ends at 4-month high as stocks rise after strong economic data

“On the economic front, U.S. durable goods orders came in surprisingly strong, following previous reports showing a sharp slowdown in business investment” writes Markets Reporter for marketwatch.com. U.S. stocks closed higher Wednesday, with the S&P 500 posting its highest close in more than four months, as investors parsed economic data that included stronger-than-expected durable goods orders and further signs that inflation remains subdued.The S&P 500 index SPX, +0.69% added 19.40 points, or 0.7%, to end at 2,810.92, its highest close since Nov. 7. Source: marketwatch.com

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U.S. stocks rise as investors keep wary eye on Boeing, Brexit developments

“The cost of wholesale goods rose 0.1% in February, below the 0.2% increase expected by economists, per a MarketWatch poll” writes Markets Reporter for marketwatch.com. The Commerce Department report also showed core capital orders, a key measure of business investment, rising 0.8% in January after falling sharply the two months previous. Source: marketwatch.com

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inflation increased by 0.17% in February

“The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent, lifted by gains in the costs of food, gasoline and rents” writes unknown author for cnbc.com. The core CPI had increased by 2.2 percent for three consecutive months on an annual basis.U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years. Source: cnbc.com

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Inflation perk ups in February, CPI shows, but not enough to set off any alarm bells

“The numbers: Americans paid more for rent, food, gas and clothes in February, triggering the biggest increase in inflation in four months” writes Jeffry Bartash for marketwatch.com. The biggest increase in food has taken place outside the home at restaurants and other places that prepare meals.What happened: Gasoline prices edged up for the first time in four months and the cost of food rose sharply in February.Another closely watched measure of inflation that strips out food and energy rose 0.1% last month, the smallest advance since last August.The increase in…

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Trump’s budget includes 3.1 percent pay raise for military, nothing for the 744,000 civilians who work alongside them

“Next year’s 3.1 percent military pay increase is in line with the Bureau of Labor Statistics’ latest Employment Cost Index quarterly report” reports washingtonexaminer.com. President Trump’s proposed federal budget for fiscal year 2020 includes a military pay raise of 3.1 percent, which it touts as “the largest increase in a decade,” but no hike for federal workers.The White House didn’t have a choice on the former, however: Military pay increases are set by law according to a formula based on private-sector wages and cannot be lowered without the approval of…

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Tesla changes mind, says it’ll keep more stores open and raise car prices

“In a blog post Sunday, the company announced it would “keep significantly more stores open than previously announced.”” writes Stan Schroeder for mashable.com. As a result, the company will increase car prices by about 3% on average, globally.While the car price increase certainly isn’t something potential buyers will be happy about, Tesla says they’ll have a week to place their order before prices rise. Note that the price increase does apply to the more expensive variants of the Model 3. Source: mashable.com

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