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News

2020

September

29
  • How rich Americans avoid taxes. Wealthy Americans are the largest source of underreported income, according to IRS data analyzed by researchers. The top 1% of American taxpayers account for about 34% of misreported income, according to a study published in the National
28
  • Ransomware attacks take on new urgency. Attacks against small towns, big cities and the contractors who run their voting systems have federal officials fearing that hackers will try to sow chaos around the election.
25
  • Nearly 9 million people didn’t get stimulus payments. In a newly released report, the Government Accountability Office recommends that the Treasury Department and the IRS do more to help track down an estimated 8.7 million people who are eligible but have not yet filed
24
  • California to phase out sales of gas-powered cars by 2035. California, the world’s fifth-largest economy and the state that created U.S. car culture, will stop selling gasoline-powered automobiles within 15 years, Gov. Gavin Newsom (D) announced. Facing a record-breaking wildfire season as well
  • College enrollment takes a hit this fall amid coronavirus. Enrollment among undergraduates is down 2.5 percent this year across all types of institutions, while the head count of graduate students is up 3.9 percent.  Community colleges reported the steepest declines at 8 percent, continuing a downward
23
  • Ten tips for finding rental car deals. For many Americans, embarking on road trips has been a way to keep traveling during the pandemic. And if you’re not a car owner, now may be a good time to rent one.
  • Elon Musk promises to make a $25,000 Tesla (in 3 years). Tesla is working on cheaper, more powerful batteries for its electric cars, but many of the required innovations are still works in progress, its chief executive, Elon Musk, said Tuesday at a much anticipated presentation
22
  • ‘Tsunami’ of hotel closures is coming. The Luxe Rodeo Drive is the first L.A.-area luxury hotel to go out of business because of the pandemic. An unusually high loan delinquency rate may mean more hotel closures are likely to
21
 

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