The Great Depression was deepened by a trade war. So how can a trade war be “good”? Chris Isidore of CNN Money details why everyone should be concerned by the prospect of protectionist policies. This tax season, you can lessen your chances of being audited by the IRS if you avoid certain red flags, as MarketWatch explains. Your car insurance may be more expensive this year, but it’s not a matter of inflation. Nicole Zelniker of USA Today looks into the real causes of rising rates.
‘Trade Wars Are Good?’ Two Words: Great. Depression. – In a trade war, countries impose tariffs and other barriers on imported products, often in retaliation for actions taken by a trading partner. That can slow down business activity around the globe by crimping international trade. In a worst case scenario, trade wars can lead to a global depression. Protectionist trade polices are one of the primary factors economists cite for deepening the Great Depression. Read more…
Beware, The IRS Is Looking For These Red Flags This Tax Season– Filing taxes can be complicated, but a simple mistake or a slight exaggeration could warrant an audit from the Internal Revenue Service. Here’s how someone is chosen for an audit: An IRS software program may randomly select the taxpayer and compare the return to other similar returns to detect any anomalies, or the taxpayer in question may be linked to a family member or business partner who is being audited. Read more…
Auto Insurance Rates Climb As Number Of Cars, Distractions Rise– While low oil prices and an increase in jobs have been a boon for Americans, they’ve also led to more cars on the road and a higher frequency of accidents. The result: Insurance goes up. This is especially true in urban areas, where the populations are higher. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller