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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Eric Swalwell Faces Sex Assault Accusation as He Runs for California Governor The New York TimesExclusive: Four women describe sexual misconduct by Rep. Eric Swalwell, including a former staffer who says he raped her CNNSwalwell urged to drop out of CA governor's race after sexual misconduct claims The IndependentSwalwell campaign imploding after new sexual assault allegation Politico
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The S&P 500 rose 3.6 percent, its biggest weekly gain since last year. Investors are bracing for developments in peace talks between the United States and Iran, set for the weekend.
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Planned "Arc de Trump" would be over twice as high as Lincoln Memorial CBS NewsOfficials Release Design for 250-Foot Arch in Washington, as Trump Seeks Another Imprint The New York TimesDesign of Donald Trump's 'greatest and most beautiful' triumphal arch revealed Sky NewsTrump administration releases new renderings of so-called ‘Arc de Trump' The Guardian
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Arcmont Asset Management has closed a $2.5bn credit continuation vehicle, inclusive of leverage, led by Ares Credit Secondaries.
The post Ares Secondaries leads $2.5bn continuation fundraise for Arcmont credit assets appeared first on AltAssets Private Equity News.
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Prince Harry sued for libel by his former charity Sentebale, court record shows ReutersPrince Harry sued for defamation by charity Sentebale he co-founded BBCPrince Harry sued for defamation by charity he co-founded The GuardianPrince Harry Is Sued for Libel by a Charity He Founded The New York Times
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Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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Strait of Hormuz Constraints Keep Oil Prices Elevated Crude Oil Prices Today | OilPrice.comOil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 ReutersThe third Gulf war will scar energy markets for a long time yet The EconomistOil is plunging, but don't expect $3 gas anytime soon. Here's why | CNN Business CNN
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Many farmers are facing a critical retirement decision. The traditions of yesterday are often changing, and their children may no longer want to follow in their parents' footsteps. The challenges are many. However, there are options available.
In 1971, I began my farming career at the tender age of 9 in the Skagit Valley, 60 miles north of Seattle. Crop farming was my gig; rouging spinach, sorting tulips, picking strawberries, raspberries and cucumbers alongside the migrant workers from Mexico. When I was old enough, I was driving picking machines with a dozen kids lying on boards over a conveyor belt, or driving an open tractor pulling a green pea combine while traveling about 1 mile in four hours.
SEE MORE Keeping Property in the Family with LLCs and Partnerships
Today, at the age of 59, I realize that I've been preparing this article for 50 years. During 12-hour shifts on the open tractor, it rained, often. My family could not afford proper rain gear, so a plastic lawn bag with holes punched out for my head and arms provided quite well. Working six of these shifts every seven days gives a teenager time to reflect. That's when I decided farming was very hard and I wanted an easy office job someday!
Challenges for Farmers Today
A huge debt of gratitude is owed to the men and women who feed the world. You face unprecedented challenges:
Mother NatureInconsistent commodity prices
Lack of access to labor
Global competition with lower costs of operations
Lack of resources to compete with larger corporate farming technology
Next-generation (family) choosing a different career path
You are at an age where you need to slow down or retire completely
Potential income tax law changes
Inheritance and estat
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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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