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Van Hollen leads unsuccessful effort to preserve tax deduction popular in Maryland

Van Hollen leads unsuccessful effort to preserve tax deduction popular in Maryland

2017-10-20 02:40:41, baltimoresun.com

Senate Democrats, led by Sen. Chris Van Hollen, failed Thursday to preserve a state and local tax deduction in the Republican plan to overhaul the tax code — the first effort to maintain a deduction that is heavily used by Marylanders. The Republican-controlled Senate voted 52-47 to reject an amendment that would have prevented the Senate from considering any bill that repeals or limits the deduction as part of a planned tax overhaul

 

Finance

Google parent leads $1B Lyft investment, deepening Uber rift

Google parent leads $1B Lyft investment, deepening Uber rift

2017-10-19 22:46:51, cbs8.com

SAN FRANCISCO (AP) — Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. Alphabet Inc., which gets most of its money from Google's digital ad network, is leading a $1 billion investment in Lyft that values the privately held company at $11 billion. The investment announced Thursday is being made through Alphabet's CapitalG venture capital arm

 

Markets

Why are investors told to buy inflation protection, despite negligible risk since the recession?

Why are investors told to buy inflation protection, despite negligible risk since the recession?

2017-10-20 00:16:11, marketwatch.com

The wealth-management industry continues to push clients to buy a product intended to hedge against inflation, an increasingly illusory threat. Despite a stable U.S. economy, consumer prices have rarely tipped above 3% since 2011. Against this backdrop, financial advisors selling Treasury Inflation Protected Securities, or TIPS, to shield clients against its corrosive effects can seem strange. But some do see inflation on the horizon

 

Enterprises

Intel Capital boosts startup investment, including Portland cybersecurity company

Intel Capital boosts startup investment, including Portland cybersecurity company

2017-10-19 21:05:40, oregonlive.com

Intel Capital, the chipmaker's venture capital arm, announced $60 million in new startup investments Thursday. That brings its total investment for the year to $566 million, up from $455 million in all of 2016. Thursday's investments include a Portland cybersecurity startup called Eclypsium, which disclosed $2.3 million in funding last month. Intel says Eclypsium's technology is designed to help defend against attacks on hardware, computer firmware and supply chains

 

Money

Detroit, Central Falls Leaders Share Pitfalls, Advantages Of Bankruptcy

Detroit, Central Falls Leaders Share Pitfalls, Advantages Of Bankruptcy

2017-10-19 20:09:45, courant.com

Bankruptcy has lifted cities out of long-running financial turmoil, but its effects are far-reaching and sometimes devastating, crippling retirees who are reliant on pensions and sapping morale among municipal employees, leaders of bankrupt communities said Thursday. A former emergency manager for Detroit remembered a 6 -year-old girl walking near blighted and abandoned buildings to catch a city bus because “we could not afford school buses

 

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