Wednesday, 1 April 2015
Last updated 23 min ago
Nov 12 2007 | 1:03pm ET
The U.S. House of Representatives last week passed a controversial tax reform bill that would increase the levy on alternative investment managers by almost $50 billion over the next decade.
“We planted the flag of fiscal responsibility,” House Speaker Nancy Pelosi (D-Calif.) said, “as we gave a tax cut to the middle class.”
Eight Democrats joined 185 Republicans in voting against the measure, championed by Rep. Charles Rangel (D-N.Y.). But it wasn’t enough to sink the measure, which passed by a vote of 216 to 193. But the bill, which has faced withering criticism from Republicans, is unlikely to get through the Senate. Even if it did, President Bush had threatened to veto it.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…