May 12, 2021


Patents Are Personal | Above the Law

Every few years, a patent case comes around that captures the attention of retail investors. For those unfamiliar with the concept of a retail investor, the term is used to distinguish those playing the stock market with their personal capital from the professionals managing money on behalf of others, otherwise known as institutional capital. In the popular conception, a retail investor is usually depicted as someone using their retirement money (outside of a 401k or mutual fund) or other personal savings to buy stocks, usually in the hopes of scoring an outsized return — or at least a better return

Read More

Michigan’s auto insurance law guaranteed Cadillac medical care. New law ended the warranty.

General Motors Co. guarantees customers a three-year, 36,000-mile bumper-to-bumper warranty on every vehicle the Detroit automaker sells.

But what if in the second year of the warranty, the government arbitrarily capped the reimbursement payments for GM dealerships by nearly half and forced them out of business?

Technically, the customer would still have their warranty. But it’s hard to fulfill that warranty when there’s no mechanic.

That’s essentially what the Michigan Legislature and Gov. Gretchen Whitmer have done to some 18,000 Michigan residents who were catastrophically injured in auto accidents, often through no fault of their own.

Auto insurance companies literally

Read More

Philippines targets foreign investment with Singapore-style tax law

A new Singapore-inspired tax law will reduce corporate income tax and boost foreign investment in the Philippines, finance secretary Carlos Dominguez told CNBC, as the country moves to speed up its economic recovery.

The Philippines’ so-called corporate recovery and tax incentives for enterprises (CREATE) act, which was signed into law last month, aims to provide financial relief to companies in need while increasing the country’s competitiveness within the region, he told CNBC Tuesday.

The law reduces the corporate income tax rate — formerly the highest among Southeast Asian nations at 30% — to 25% for large companies and 20% for

Read More

Greenwashing of EU Finance Law Sparks Walkout by Experts

Originally published on Transport & Environment.
By Eoin Bannon

Environmental and consumer organizations are pulling out of an EU expert group in protest at the European Commission’s decision to classify destructive forestry practices and highly-emitting types of biomass as sustainable investments. The new rules are not based on climate and environmental science and ignore the recommendations of the EU expert group on sustainable finance, the organizations said.

NGOs Transport & Environment, WWF European Policy Office, BirdLife Europe and Central Asia, consumer group BEUC, and eco-standards advocates ECOS are demanding discussions with the Commission to establish rules that stop the

Read More

More than $1,400 checks: 5 new health care, COBRA, insurance and FSA savings in the stimulus law

With the new stimulus bill, you may be able to save money on health insurance plans this year.

Sarah Tew/CNET

When people talk about the $1.9 trillion stimulus law, they usually are referring to the third stimulus check for up to $1,400 per person that it included, along with an expanded child tax credit for up to $3,600 per kid (here’s how to calculate your child credit total) and several other tax breaks for people who are unemployed, low-income or have kids. But the American Rescue Plan Act also contains important updates and tax breaks for

Read More

WATCH NOW: ‘Is this right?’ New federal law drives down health insurance costs in marketplace | Govt. and Politics

Last week, Torres-Barrera called “out of the blue” and suggested that LeBlanc resubmit her application to the marketplace. The result? Her monthly premium fell from $339 to $209 a month, a monthly savings of $120.

“I feel for people who don’t have support,” she said.

The Kaiser Family Foundation estimates that the new law will expand health coverage to 3.7 million uninsured Americans, an increase of 20%. The estimated average savings range from $33 a month for someone who earns less than 150% of the poverty level ($19,320 for an individual), to $213 a month for someone with an income

Read More