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Trump admin freezes child care funds for Colorado and four other states AxiosExclusive | Trump cuts off $10B in funding to five blue states for child care, social services over fraud fears New York PostTrump administration halting $10 billion in social service funding to 5 Democratic states CBS NewsHealth Dept. to Freeze $10 Billion in Funding to 5 Democratic States The New York Times
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Managers have been offering discounts amid difficulty fundraising, and capital is increasingly going to bigger funds, dragging down the mean.
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An affiliate of Paul Singer's Elliott Management won an auction for Citgo late last year
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Granite Harbor Capital, the alternative investment arm of financial services business Granite Harbor Companies, has launched its first private markets opportunity fund.
The post Granite Harbor Capital launches first private markets fundraise, eyes PE, real estate and credit deals appeared first on AltAssets Private Equity News.
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Norway's sovereign wealth fund announced it would vote against a $1 trillion pay package for CEO Elon Musk.
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Many of us have taken advantage of Amazon Prime's liberal return policy - in a good way, of course. We buy something online from Amazon, decide it isn't what we were expecting, then start the easy online process of returning the item. Your refund is usually applied to your payment method as soon as it's checked in to the shipper, say a UPS store.
SEE MORE Alternatives to Amazon Prime for Free Shipping and More
Have you ever wondered what happens to many of those returned, open-box items? Enter Amazon Warehouse, home of those returns and a lesser-known perk for everyone else to score a bargain - if you don't mind slightly used items (perhaps that indoor flying home surveillance camera wasn't someone's cup of tea).
Unlike Amazon Outlet with its plethora of overstock new items, Amazon Warehouse items have likely been in someone else's mitts, grubby or no
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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