On Wednesday, a liberal advocacy group said that the Texas Rangers have launched an investigation over allegations that Sid Miller, the Texas Agriculture Commissioner misused tax payer's money to travel to Oklahoma to obtain an injection dubbed "Jesus shot" used to treat chronic pains.
Corporate inversions have worried the U. S government for a while where an U. S company acquires an overseas counterpart and thereafter shifts its base abroad to cut down on their tax bill. On Monday, the Treasury Department took further steps curtail this recently popular kind of merger.
China's distressed manufacturing sector seems to be picking up after all. An official survey revealed on Friday showed, China's manufacturing activity unpredictably expanded in March. That's the first boost in activity in the sector noted in last nine months. It also adds to hopes that mounting pressure on China's economy might be easing after all.
Every year the tax season is a busy time not only for the IRS but also for the taxpayers who file for a tax return. Most of these tax payers spend huge amount of money to people who handle their tax returns but there are concerns raised over their capabilities and qualification for handling the task.
Maine's unemployment rate is dropping and the shrinking labor force seems to be a main reason behind it. Friday's unemployment data released by Maine Department of Labor revealed that the civilian labor force in the state dropped four percent in two years which ended this February. That is a five percent drop from Maine's recent high noted in August 2013.
The US economy is continuing its modest growth rate maintaining a strong consumer spending trend and optimistic home construction numbers. It's not that the economy is not facing troubles but manages to cope with the strong dollar, growing oil stockpiles and low oil prices.
The financial markets globally have faced mayhem in recent months. The Group of 20 (G20) meeting of finance leaders from around the globe in Shanghai, discussed economic reforms and policy directions that can bring a turnaround in the dwindling growth of economic conditions around the world including China.
On Monday, the annual assessment from the President's Council of Economic Advisers mentioned that, last year the U.S economy continued to grow with stronger strides with dropping unemployment and steady job growths. The healthy employment rate cut joblessness almost by half since 2008 recession. The consumer confidence and wages have touched their highest point in more than a decade.