Day: January 3, 2018

New tax law is a huge win for renters – New York Post

Renters came out winners under the new tax law.

That’s great for the wealthy and the banks. Not much help for the average Joe.

California Gov. Jerry Brown calls the tax law “evil in the extreme.” That’s demagoguery. Most taxpayers will end up with more money in their wallets.

Homeowners still have the option of taking deductions for most mortgage interest and property taxes, but almost all will crunch the numbers and find it pays to take the nearly doubled standard deduction instead.

The other major deduction for homeowners has been property taxes. The new law puts a $10,000 lid on deducting all state and local taxes combined, whether income, sales or property taxes. Homeowners in most of the nation don’t have much to worry about.

It’s true that the cap will likely hit the wallets of the bicoastal elite. Some 64 percent of buyers in Manhattan’s rarefied real-estate market took out a mortgage that big, and 58 percent of San Francisco buyers did.

Home ownership isn’t any higher than in the late 1960s — with only 64 percent of households owning their own home. For minorities, the goal is even farther out of reach, with only 42 percent of black families and 46 percent of Hispanic families owning their home. So disregard the partisan claim that lowering the cap on the mortgage interest deduction is going to hurt the middle class.

Hardest hit are a few tony counties with multimillion-dollar homes like Westchester, where the average property tax tab is a whopping $15,000. For that, the streets should be paved with gold.

But the tax change certainly won’t hurt middle-class first-time buyers. They purchase homes with a median price of $182,500. In the past, the tax code encouraged wealthy homeowners to buy even bigger homes and borrow more.

“Gaming Disorder” Is An Actual Disease, World Health Organization Says – GameSpot

The description goes on to say that gaming disorders can include the following: “1) impaired control over gaming (e.g., onset, frequency, intensity, duration, termination, context); 2) increasing priority given to gaming to the extent that gaming takes precedence over other life interests and daily activities; and 3) continuation or escalation of gaming despite the occurrence of negative consequences.”

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“Just like avid sports fans and consumers of all forms of engaging entertainment, gamers are passionate and dedicated with their time,” the ESA said in a statement to Gamasutra. “Having captivated gamers for more than four decades, more than 2 billion people around the world enjoy video games.”

The newest ICD draft is not yet finalized, so things could change regarding its content and language. We’ll report back with more details as they become available.

It goes on to say: “The increased risk may be from the frequency of gaming, from the amount of time spent on these activities, from the neglect of other activities and priorities, from risky behaviours associated with gaming or its context, from the adverse consequences of gaming, or from the combination of these. The pattern of gaming is often persists in spite of awareness of increased risk of harm to the individual or to others.”

The World Health Organization, the public health division of the United Nations, has released its newest list of classified diseases–and “gaming disorder” is included. A draft of the WHO’s International Classification of Diseases (ICD) describes this as being characterized by a “pattern of persistent or recurrent gaming behaviour” online or offline.

E-Trade begins CME bitcoin trading as of Tuesday evening – CNBC


E-Trade begins CME bitcoin trading as of Tuesday evening
As bitcoins skyrocket to more than $12 000 for one BTC, many central banks as ECB or US Federal Reserve warn of risks of a bubble. E-Trade Financial has opened trading in CME bitcoin futures for customers beginning at 6 p.m. ET on Tuesday, according to

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“It’s been a LONG time coming” – Shane Long ends goal drought in Crystal Palace game –

"It's been a LONG time coming" – Shane Long ends goal drought in Crystal Palace game
The striker ended a run of 1,320 minutes without a goal in the Premier League since he last netted for Southampton in February 2017. Long has been in wretched form since but it appears he has finally put his demons to rest when he expertly found the

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