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@ISIDEWITHQuestionseconomy9yrs ago

Should the government ban negative gearing?

Negative gearing is the practice of using losses on property investments to reduce taxable income. In 2013, approximately 1.3 million Australians used the concession. Data shows that high income earners write off much larger percentages of their taxes than those who earn lower wages. In 2012, surgeons wrote off $4,161 of their taxes using negative gearing while teachers wrote off $327. Proponents, including Malcolm Turnbull, argue that the practice has been part of Australian tax law since 1915 and is not a tax break since the real estate investor is taking a loss to their assets. Opponents argue that the policy disproportionately benefits Australians in high-paying occupations, not those of average incomes, since they are much more likely to own investment properties.

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 @ISIDEWITH submitted…4 days4D

Missiles for Moscow: North Korea's Secret Factory Fuels Russia's War Machine

North Korea is expanding a key weapons manufacturing complex that assembles a type of short-range missile used by Russia in Ukraine, researchers at a U.S.-based think tank have concluded, based on satellite images.The facility, known as the February 11 plant, is part of the Ryongsong Machine Complex in Hamhung, North Korea's second-largest city, on the country's east coast.Sam Lair, a research associate at the James Martin Center for Nonproliferation Studies (CNS), located at the Middlebury Institute of International Studies at Monterey, said the plant was the only one known to produce the Hwasong-11 class of solid-fuel ballistic missiles.Ukrainian officials say these munitions - known as the KN-23 in the West - have been used by Russian forces in their assault on Ukraine.The expansion of the complex has not been previously reported.Both Moscow and Pyongyang have denied that North Korea has transferred weapons for Russia to use against Ukraine, which it invaded in February 2022. Russia and North Korea signed a mutual defense treaty at a summit in June and have pledged to boost their military ties.North Korea's mission to the United Nations did not respond to a request for comment for this story.The satellite images, taken in early October by the commercial satellite firm Planet Labs, show what appears to be an additional assembly building under construction as well as a new housing facility, likely intended for workers, according to the analysis by researchers at CNS.It also appears that Pyongyang is improving the entrances for some of the underground facilities at the complex.A disused bridge crane that was in front of a tunnel entrance, blocking easy access, was removed, suggesting they might be placing an emphasis on that part of the facility, Lair said."We see this as a suggestion that they're massively increasing, or they're trying to significantly increase, the throughput of this factory," Lair said.The new assembly building is about 60 to 70 percent the size of the previous building used to assemble missiles.

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 @ISIDEWITH submitted…1wk1W

Donald Trump nominates Pam Bondi as the next Attorney General

Former President and 2024 Republican presidential candidate Donald Trump has announced his intention to nominate former Florida Attorney General Pam Bondi as the next Attorney General of the United States, should he reclaim the presidency in the upcoming election.Bondi, a prominent figure in Republican politics, served as Florida's Attorney General from 2011 to 2019. She gained national attention for her legal battles on issues such as health care reform, consumer protection, and opioid abuse litigation. Known for her steadfast support of Trump during his presidency, Bondi also served as a key adviser during his first impeachment trial, where she defended his administration against accusations of abuse of power.In a statement released by his campaign, Trump praised Bondi’s “unwavering commitment to justice” and her “track record of standing up for everyday Americans against the abuses of Washington’s elites.”“Pam Bondi has been a fearless advocate for the people, and she embodies the principles of fairness, accountability, and the rule of law that are sorely needed to restore trust in our justice system,” Trump said. “She is the right person to lead the Department of Justice into a new era of integrity and excellence.”While Bondi’s nomination has been met with applause from conservative circles, it has also reignited criticism from Democrats and ethics watchdogs. Her acceptance of a $25,000 donation from the Trump Foundation in 2013, which coincided with her decision not to pursue an investigation into Trump University, has drawn scrutiny in the past and resurfaced following the announcement.Democratic leaders have already voiced opposition, questioning Bondi’s ability to lead the Department of Justice independently. Senator Amy Klobuchar (D-MN) called the nomination “a political power play” and urged a focus on “restoring integrity, not entrenching partisanship.”

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 @ISIDEWITH submitted…3 days3D

Mexico Slams U.S. Policies as Trump Renews Border War

President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.Sheinbaum said she was willing to engage in talks on the issues, but said drugs were a U.S. problem.“One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said, referring to U.S. automakers that have plants on both sides of the border.She said Tuesday that Mexico had done a lot to stem the flow of migrants, noting “caravans of migrants no longer reach the border.” However, Mexico’s efforts to fight drugs like the deadly synthetic opioid fentanyl — which is manufactured by Mexican cartels using chemicals imported from China — have weakened in the last year.Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and said the flow of drugs “is a problem of public health and consumption in your country’s society.”Sheinbaum also criticized U.S. spending on weapons, saying the money should instead be spent regionally to address the problem of migration. “If a percentage of what the United States spends on war were dedicated to peace and development, that would address the underlying causes of migration,” she said.Sheinbaum’s bristly response suggests that Trump faces a much different Mexican president than he did in his first term.Back in late 2018, former President Andrés Manuel López Obrador was a charismatic, old-school politician who developed a chummy relationship with Trump. The two were eventually able to strike a bargain in which Mexico helped keep migrants away from the border — and received other countries’ deported migrants — and Trump backed down on the threats.

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 @ISIDEWITH submitted…3 days3D

Netanyahu Shifts Focus to Iran After Cease-Fire with Hezbollah

Israel approved a cease-fire with Lebanon that is intended to bring a halt to more than a year of fighting with the Hezbollah militia and could help defuse a broader regional crisis that has threatened to ensnare the U.S. and other world powers.“I have some good news to report from the Middle East,” President Biden said on Tuesday, announcing a cease-fire that he said would begin at 4 a.m. local time on Wednesday.Israeli Prime Minister Benjamin Netanyahu backed the agreement earlier in the day, saying it would let Israel focus on the threat from Iran, allow the Israeli military to rest and rearm, and isolate Hamas.“The continuation of the cease-fire will be dependent on what happens in Lebanon. We will enforce the agreement and respond forcefully to every violation,” Netanyahu said.Lebanon’s prime minister, Najib Mikati, welcomed the agreement, saying it would bring “calm and stability in Lebanon and the return of the displaced to their homes and cities.”The Lebanese cabinet is expected to meet on Wednesday to approve steps to enforce the cease-fire, including sending government security forces to areas of southern Lebanon near the border with Israel.Hezbollah has indicated openness to a deal in recent days. “What concerns us are Lebanese national measures and the protection of sovereignty,” Hassan Fadlallah, a member of Parliament affiliated with the group, told The Wall Street Journal on Tuesday.The announcements came after a day of heavy bombardment of Beirut while Israeli ground forces advanced deeper into Lebanese territory. Minutes after Biden spoke, a series of explosions thundered in Beirut. Northern Israel also came under renewed rocket fire.There was no immediate public comment from Hezbollah on the announced cease-fire.If implemented, the agreement would be a diplomatic success for Biden in the twilight of his administration, after more than a year in which the White House has tried to fend off the possibility of a wider regional war. It could also change the landscape that President-elect Donald Trump will face when he takes office in January.

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Active 9hrs ago

 @ISIDEWITH submitted…4 days4D

Kamala Harris is considering running for president again in 2028

Kamala Harris has been lying low since her defeat in the presidential race, unwinding with family and senior aides in Hawaii before heading back to the nation’s capital.But privately, the vice president has been instructing advisers and allies to keep her options open — whether for a possible 2028 presidential run, or even to run for governor in her home state of California in two years. As Harris has repeated in phone calls, “I am staying in the fight.”She is expected to explore those and other possible paths forward with family members over the winter holiday season, according to five people in the Harris inner circle, who were granted anonymity to discuss internal dynamics. Her deliberations follow an extraordinary four months in which Harris went from President Joe Biden’s running mate to the top of the ticket, reenergizing Democrats before ultimately crashing on election night.“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”Harris concedes: 'We must accept the results of this election'SharePlay VideoMost immediately, Harris and her advisers are working to define how and when she will speak out against Donald Trump and reassert her own role in the Democratic Party. Closing out her term as vice president, she’s set to preside over certifying the November election she lost to Trump, and then appear at the once-and-future president’s inauguration on Jan. 20.“There will be a desire to hear her voice, and there won’t be a vacuum for long,” a person close to Harris said.At the same time, Harris and her husband, Doug Emhoff, will have a long checklist to plow through before they leave the Naval Observatory for good.They have to decide whether they’ll take up permanent residence at their home in Los Angeles, or establish a base elsewhere. No matter where Harris and her family live, some around her have expressed concerns about safety, as her Secret Service protection expires six months after stepping away.

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 @ISIDEWITH submitted…3 days3D

Trump Appoints Controversial Covid Critic Bhattacharya To National Institute of Health

President Trump announces the nomination of Dr Bhattacharya to Director of the National Institutes of Health.Bhattacharya has called for shifting the agency’s focus toward funding more innovative research and reducing the influence of some of its longest-serving career officials, among other ideas.Trump earlier this month selected Kennedy to lead the Department of Health and Human Services, which oversees NIH and other health agencies. Kennedy has played a central role in choosing top health-care staff and deputies for the next administration, including Marty Makary, a Johns Hopkins surgeon and writer whom Trump announced to lead the Food and Drug Administration, and Dave Weldon, an internal medicine physician and former GOP congressman whom Trump selected to run the Centers for Disease Control and Prevention.Bhattacharya emerged as a prominent critic of the federal government’s covid-19 response, co-writing an October 2020 open letter known as the Great Barrington Declaration that called for rolling back coronavirus-related shutdowns while keeping “focused protections” for vulnerable populations, such as older Americans. The proposal won support from Republican politicians and some Americans eager to resume daily life but was rebuked by public health experts, including then-NIH Director Francis S. Collins, as premature and dangerous as the covid-19 virus continued to spread and vaccines were not yet available.Bhattacharya has called for rolling back the power of some of the 27 institutes and centers that constitute NIH, saying that some career civil servants wrongly shaped national policies at the height of the pandemic and did not tolerate dissent. Bhattacharya and other critics have singled out Anthony S. Fauci, the infectious-disease expert who led one of NIH’s centers for 38 years and helped steer the nation’s coronavirus response before leaving the federal government in December 2022.Trump Appoints Controversial Covid Critic Bhattacharya To NIH

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