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Trump says FEMA will play ‘key role' in coordinating response to Potomac sewage spill PoliticoWhat to know about the disastrous Potomac sewage spill The HillProgress at Potomac sewer collapse but overflow risk remains, DC Water says WTOPTrump says federal government to step in to protect Potomac River after sewage leak NBC News
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Popular anger burns in Iran after crackdown, as Trump turns up pressure The Washington PostRage. Grief. Anxiety. The New Mood in Iran. The New York TimesNew photos give glimpse inside Iran's bloody crackdown on anti-government protests The GuardianTeachers' Union Warns of Growing Security Presence in Iranian Schools IranWireAn art
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Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
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Trump lashes out at California governor's green energy deal with UK The GuardianTrump derides Newsom and calls his UK deal 'inappropriate' PoliticoTrump blasts Newsom's UK pact, warns foreign leaders as 2028 buzz builds Fox NewsGovernor Newsom launches UK climate partnership, welcomes nearly $1 billion Octopus Energy clean tech com
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Also in today's newsletter: UK proposes audit changes to attract Chinese listings, and Japan reports weak GDP data
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Winter weather advisory issued for portion of Bay Area as snow enters forecast San Francisco ChronicleWinter Storms Could Bring 8 Feet of Snow to Parts of California The New York TimesNorthern California storm coverage: Interstate 80 reopens after multiple spinouts, crashes KCRA'Major travel impacts' expected as winter storm watch issued for northern California NPR
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Here are four practical and proven approaches to getting through implementation blocks.
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Rage. Grief. Anxiety. The New Mood in Iran. The New York TimesNew photos give glimpse inside Iran's bloody crackdown on anti-government protests The GuardianPopular anger burns in Iran after crackdown, as Trump turns up pressure The Washington PostTeachers' Union Warns of Growing Security Presence in Iranian Schools IranWireAn art
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Navigating weaknesses as a leader isn't easy. Here are the proven fixes that drive real change.
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Aging means "becoming a target" of the industry, one expert said. After decades of debate, politicians of all stripes are proposing bans.
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Bloc's justice commissioner says action needed to protect consumers from products sold on platforms such as Shein
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Topic: Going GreenGovernancePoliticsBill Gates recently posted his new thinking on Climate Change declaring we've been thinking about it the wrong way. His article is sending shockwaves, some agreeing, some feeling he has betrayed the cause, and some like Trump declaring this is proof that climate change was a hoax. I definitely agree with Gates here (and not Trump, obviously) but his revelation speaks to something even bigger than climate change, and hints at what may be the greatest mistake in global political discussion about a wide range of topics, not just climate. We've been doing it wrong, and are paying a terrible price.
Gates' thesis is that the general climate community has been overstating the case for climate change. It's a major, serious problem, which he has personally done far more to address than almost anybody, but it's not the civilization-ending emergency crisis it is often painted as. This has stopped us from allocating our resources wisely to fight the true big problems like poverty and disease, which will do far more harm to people than even the worst that global warming threatens. The way to combat climate change not simply to stop emissions (which is good) but to give people the economic prosperity and tools to contend with the hardships to come, and many others.
Read Gates' own essay to get the full scop
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Trump has not specified if the tax breaks would be available to many foreign-owned automakers who produce millions of vehicles in the U.S., including Volkswagen Group, Toyota and Hyundai.
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Editor's note: This is the final part of a seven-part series. It dives more deeply into the third strategy for defusing a retirement tax bomb, which is Roth conversions. If you missed the introductory article, you may find it helpful to start here.
Because they offer tax-free qualified withdrawals, Roth IRAs and Roth conversions can be a critical strategy for defusing the retirement tax bomb that traditional IRAs, 401(k)s and other pre-tax savings accounts can set you up for in retirement.
A Roth conversion is when you transfer money out of a pre-tax retirement account into an after-tax Roth. Typically, every dollar you convert is taxed as ordinary income, unless the pre-tax account was also funded with after-tax dollars.
SEE MORE Don't Move to Another State Just to Reduce Your Taxes
Here's the problem though: Most people who are facing a retirement tax bomb and are still working probably have high incomes and are in a high marginal tax bracket. The last thing they want is a Roth conversion, which adds to their income and would be taxed at high tax rates.
Instead, this is a good strategy to consider in low-income years, especially for people who retire early in their 50s and early 60s who may have several years to do conversions before Medicare means testing surcharges, Social Security income and RMDs kick in. Many of my clients do several years of annual Roth conversions starting early in retirement.
Three Windows for Roth Conversions
The first window for Roth conversions is the years before enrolling in Medicare, but recal
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