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Supreme Court to hear case that could make it harder for Congress to tax the rich

Published Fri, 27 Dec 2024 06:09:38 GMT

(CNN) — The Supreme Court will hear oral arguments on Tuesday in a case that could both save the rich billions of dollars and hamper President Joe Biden and Democrat from imposing certain types of wealth taxes in the future.The case, Moore vs the United States, could have sweeping ramifications for the existing tax code, potentially overturning multiple provisions that largely hit well-off Americans and costing the federal government hundreds of billions of dollars in revenue.The case centers on a measure in the Tax Cuts and Jobs Act, which Republicans in Congress passed in 2017. It created a one-time transition tax levied on shareholders on undistributed profits accrued between 1986 and the end of 2017 by certain foreign corporations that are majority owned by Americans. The provision is expected to raise $340 billion over a decade.Charles and Kathleen Moore, who were investors in an India-based company, were hit with a $15,000 tax bill because of the provision, though they sa...

International Ice Hockey Federation mandates neck guards to be worn at all levels following Adam Johnson’s death

Published Fri, 27 Dec 2024 06:09:38 GMT

(CNN) — The International Ice Hockey Federation (IIHF) has announced that neck guards will be mandatory at all levels, including the Winter Olympics and World Championships, following Adam Johnson’s death.Johnson died after sustaining a cut to the neck in a collision with another player during the second period of the Nottingham Panthers’ game against the Sheffield Steelers in England on October 28.A Sheffield coroner’s report found that the 29-year-old “sustained an incised wound to the neck caused by the skate of another player” and later died in hospital as a result of the injury.In a statement released on Monday, the IIHF said it has taken the decision “on recommendation from its Medical Committee.”“The neck laceration protectors are now mandatory for the senior categories in addition to the U20 and U18 categories, for which neck laceration protectors had already been enforced as per IIHF Official Rule Book,” the statement read.“The exact date this ...

New England Aquarium Sea Turtle Hospital

Published Fri, 27 Dec 2024 06:09:38 GMT

Patriots-Chargers film review: Bill Belichick’s worst roster flaw is killing the offense

Published Fri, 27 Dec 2024 06:09:38 GMT

Like the lonely zero that hung on the scoreboard at Gillette Stadium on Sunday, Bill Belichick’s history of drafting wide receivers is sad, painful and plain to see.Do you know the last college receiver the Patriots selected who became a multi-year NFL starter?That would be Deion Branch in 2002. That’s right.It’s been more than 20 years since Belichick drafted and developed a true wideout. Tom Brady papered over that problem for two decades, as he did many dynasty-era deficiencies. But now Belichick’s receiving corps is undermining the Patriots more than any other non-quarterback position on the roster.Think about it.Kayshon Boutte failed to tap a second foot inbounds in the final seconds of the Pats’ season opener against the Eagles; DeVante Parker dropped a 50-yard bomb on the final drive at Las Vegas; JuJu Smith-Schuster deflected a game-sealing interception to the Commanders to clinch a loss in Week 9.On Sunday, it was Tyquan Thornton’s turn t...

Cause sought of explosion that leveled an Arlington, Virginia, home as police tried to serve warrant

Published Fri, 27 Dec 2024 06:09:38 GMT

ARLINGTON, Va. (AP) — Hours before a massive explosion destroyed a duplex and shook a Virginia suburb of Washington, D.C., a suspect inside his home fired a flare gun 30 to 40 times into the neighborhood, drawing a large police response, officials said Tuesday.All officers escaped serious injury but it was unclear what happened to the suspect who was inside when it was leveled by the explosion Monday night, Arlington County, Virginia, police spokesperson Ashley Savage said.Officers went to the home about 4:45 p.m. after receiving reports of shots fired. The preliminary investigation showed that a suspect discharged the flare gun from inside his home, but no property damage or injuries were reported, police said in a statement.While police investigated, they obtained a search warrant for the home and tried to make contact with the suspect by telephone and loudspeakers, but he remained inside without responding, police said.As officers tried to execute the warrant, police said the sus...

Energy infrastructure firm AltaGas raising quarterly dividend for 2024

Published Fri, 27 Dec 2024 06:09:38 GMT

CALGARY — AltaGas Ltd. is raising its dividend as it says it expects its earnings to grow next year, helped by its core operations.The energy infrastructure company says it will pay a quarterly dividend of 29.75 cents per share starting with its March payment to shareholders, up from 28 cents per share.In its outlook, AltaGas says it expects its normalized earnings per share for 2024 to total between $2.05 and $2.25.The result would mean year-over-year growth of about 10 per cent, based on the midpoint of its guidance for both years.The company says its capital spending plan for 2024 is expected to be $1.2 billion, excluding asset retirement obligations.AltaGas shares closed down 39 cents at $27.33 on the Toronto Stock Exchange on Monday.This report by The Canadian Press was first published Dec. 5, 2023.Companies in this story: (TSX:ALA)The Canadian Press

Blue Jays reportedly meet with Shohei Ohtani in Florida as free agency rumours swirl

Published Fri, 27 Dec 2024 06:09:38 GMT

Fans of the Toronto Blue Jays are finding plenty to be excited about on Tuesday morning as they continue to look for clues that the hottest free agent in baseball history might be taking his talents north of the border.According to The Athletic’s Ken Rosenthal, Shohei Ohtani and his camp are believed to have met with the Blue Jays at the team’s spring training complex in Dunedin, Florida on Monday.“All day Monday, there were signs something was happening between the Jays and Ohtani,” wrote Rosenthal. “While a timetable for Ohtani’s free-agent decision is not known, the meeting would indicate that the negotiations with the Jays and other clubs are entering the final stages.”Blue Jays General Manager Ross Atkins turned his scheduled in-person press gathering at MLB’s winter meetings in Nashville into a zoom meeting on Monday. When asked by reporters, Atkins would not shed any light on where he was, further fuelling speculation surrounding Toro...

US unveils global strategy to commercialize fusion as source of clean energy during COP28

Published Fri, 27 Dec 2024 06:09:38 GMT

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at combatting climate change. Nuclear fusion melds two hydrogen atoms together to produce a helium atom and a lot of energy—which could be used to power cars, heat and cool homes and other things that currently are often powered by fossil fuels like coal, oil and gas. That makes fusion a potentially major solution to climate change, which is caused by the burning of fossil fuels. Still, fusion is a long way off, while other clean technologies like wind, solar and others are currently in use and could be increased. “We are edging ever-closer to a fusion-powered reality. And at the same time, yes, significant scientific and engineering challenges exist,” Kerry said, in Dubai for U.N. climate talks. “Careful thought and thoughtful policy is going to be criti...

Lawmakers in Norway make a deal opening up for deep sea mining in Arctic Ocean

Published Fri, 27 Dec 2024 06:09:38 GMT

COPENHAGEN, Denmark (AP) — Norway’s minority center-left government and two large opposition parties made a deal Tuesday to open the Arctic Ocean to seabed mineral exploration despite warnings by environmental groups that it would threaten the biodiversity of the vulnerable ecosystems in the area.Norway said in June it wanted to open parts of the Norwegian continental shelf for commercial deep sea mining in line with the country’s strategy to seek new economic opportunities and reduce its reliance on oil and gas.“This is a disaster for the sea,” said Frode Pleym, head of the local chapter of Greenpeace. “Norway is now allowing irreversible interventions in areas where nature is completely unknown.”Martin Sveinssønn Melvær of the Norwegian Bellona environmental group said it was “completely contrary to scientific recommendations” and believes “it is a dangerous derailment in the fight against climate change to open up seabed minerals.”The government – made up of the Labor and t...

Wikipedia, wrapped. Here are 2023’s most-viewed articles on the internet’s encyclopedia

Published Fri, 27 Dec 2024 06:09:38 GMT

NEW YORK (AP) — Remember what you searched for in 2023? Well, Wikipedia has the receipts.English Wikipedia raked in more than 84 billion views this year, according to numbers released Tuesday by the Wikimedia Foundation, the non-profit behind the free, publicly edited online encyclopedia. And the most popular article was about ChatGPT (yes, the AI chatbot that’s seemingly everywhere today).Since its launch just over a year ago, OpenAI’s ChatGPT has skyrocketed into the public’s consciousness as the technology makes its way into schools, health care, law and even religious sermons. The chatbot has also contributed to growing debates about the promise and potential dangers of generative AI, much of which is documented on its Wikipedia page.The second most-read article on Wikipedia in 2023 was the annual list of deaths, which sees high traffic year after year — taking the #4 and #1 spots in 2022 and 2021, respectively. Individual entries for notable figures who passed away ...