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Tag: House

White House 'preparing to investigate tech giants'

White House 'preparing to investigate tech giants'

Technology
The White House has drafted an executive order for Donald Trump which would instruct federal agencies to investigate the business practices of technology giants including Facebook and Google. Without naming specific companies, a draft copy of the order, obtained by Bloomberg, instructs antitrust (competition law) authorities to "thoroughly investigate whether any online platform has acted in violation of the antitrust laws".Other federal agencies are instructed to develop recommendations on how to "protect competition among online platforms and address online platform bias" within a month by the order, which has not been finalised.It is currently in its preliminary stages and federal agencies will consult on its contents before it goes to the president.Mr Trump publicly acc...
Jack White donates $30,000 to make 'Outsiders' house a museum

Jack White donates $30,000 to make 'Outsiders' house a museum

Entertainment
Sept. 22 (UPI) -- Singer-songwriter Jack White has donated $ 30,000 to help transform the Oklahoma house from the 1983 movie The Outsiders into a museum. Tulsa World reported the gift allowed fundraisers to meet their $ 75,000 goal. "Jack White closed the thing and got it done," fundraiser Danny O'Connor told the newspaper Thursday. "I have a feeling there's a brass plaque in order in the cement at that house pretty soon. What a guy. I couldn't think of a better person to come wrap this bow up, tie the loose ends up."The vibe at The Outsiders house today was like... pic.twitter.com/w7W7aUE6qV— The Outsiders House (@OutsidersHouse) September 20, 2018 O'Connor also tweeted: "If there's a higher caliber of human being who just happens to be a rock god I haven't met em'. Thank you, Ja...
Brexit: Carney warns no-deal could see house prices plunge

Brexit: Carney warns no-deal could see house prices plunge

Business
The Bank of England's governor has warned the cabinet that a chaotic no-deal Brexit could crash house prices and send another financial shock through the economy.Mark Carney met senior ministers on Thursday to discuss the risks of a disorderly exit from the EU.His worst-case scenario was that house prices could fall as much as 35% over three years, a source told the BBC.The warning echoes some of the Bank's previous comments.The Bank of England routinely carries out "stress tests" to check whether the banking system can withstand extreme financial shocks.Its latest one was conducted in November, when it said a 33% fall in house prices could occur in a worst-case scenario. Several reports said that the Bank governor also told the Downing Street meeting tha...
Carney: House prices may fall by a third in 'no-deal' Brexit

Carney: House prices may fall by a third in 'no-deal' Brexit

Business
Bank of England governor Mark Carney has warned ministers that a "no-deal" Brexit could see house prices crash by a third, Sky sources say. Briefing Theresa May and her top team in Downing Street, Mark Carney laid out three different scenarios the Bank believes could come to pass if Britain leaves the EU without a withdrawal agreement.The worst case scenario would see Britain go into recession, a slump in the value of the pound and a crash in house prices.Sky's political editor Faisal Islam said a source characterised the governor's comments as "not a prediction, a worst case scenario", adding Mr Carney's comments were received "respectfully" by those around the cabinet table. ...
House GOP expected to push changes to your 401(k) this fall

House GOP expected to push changes to your 401(k) this fall

Finance
Workplace retirement plans could be headed for a makeover in Congress. As part of a push for additional tax law changes, GOP lawmakers in the House are expected this month to float legislation that includes modifications to 401(k) savings plans. Broadly, those could include: reducing costs for small businesses to offer such accounts, making it less risky for employers to offer guaranteed income annuities and requiring plans to annually tell workers how long their nest egg is projected to last. "There's a lot of concern about folks...