By Robert OHarrow Jr., Alice Li/The Washington Post In 1990, Donald Trump opened the largest and most lavish casino-hotel complex in Atlantic City. Unlike any other casino in America, the Trump Taj Mahal was expected to break every record in the books. But just several months later, it all fell apart. For months…
Tax deductions reduce your taxable income by accounting for expenses youve incurred. The IRS offers many ways to reduce your taxable income, from deducting childcare costs and mortgage interest to charitable donations and moving expenses. Learn about new tax breaks for 2016 and which deductions are returning this tax season. Related: Dont Forget These 8…
People involved in startups are sometimes treated as the rock stars by the business media. Some employees of tech startup Atlassian, for example, have been outed as newly minted millionaires as the company rises in value after its initial public offering on the Nasdaq. All of this makes life in a startup seem like a…
Tax deductions reduce your taxable income by accounting for expenses youve incurred. The IRS offers many ways to reduce your taxable income, from deducting childcare costs and mortgage interest to charitable donations and moving expenses. Learn about new tax breaks for 2016 and which deductions are returning this tax season. Related: Dont Forget These 8…
Greece is likely to legalize online gambling in 2016, as Prime Minister Alexis Tsipras continues to look for new sources of revenue to aid in the beleaguered countrys economic recovery. (Image: Petros Giannakouris/AP) Greece is looking to new industries and untapped markets to help reduce its debt crisis and adhere to stipulations set forth as…
Friday, January 15, 2016 In 2015 Prime Minister Tony Abbott was booted from the top job courtesy of his own party and replaced by Malcolm Turnbull. This was considered a victory by many and a result of the work of a number of social movements campaigning against a range of Abbott’s policies. Under Abbott, the…
People walk along the Boardwalk in Atlantic City November 17, 2015. Reuters/Carlo Allegri Atlantic City, the distressed New Jersey gambling hub, should consider privatizing its fire-fighting services and convention center and find ways to make more money off its drinking water utility, the city’s emergency manager said in an updated fiscal rescue plan. The report…
Updated Jan. 15, 2016 2:04 p.m. ET A federal appeals court in Philadelphia Friday upheld a decision that allowed the Trump Taj Mahal casino in Atlantic City, N.J., to escape its union contracts in bankruptcy. The decision is a victory for Carl Icahn, the billionaire who controls the last remaining Atlantic Casino to bear the…
Three men have been arrested while police hunt for two accomplices, after a 23-year-old man was allegedly scammed out of HKD1 million in Macau this month. According to Apple Daily, the victim, surnamed Wong, is a second-year student at university in the UK, who had made a short trip to Macau earlier this month while…
Police arrested three men and were hunting two of their accomplices for allegedly conning a 23-year-old student from a wealthy family in a HK$1 million gambling scam in Macau, Apple Daily reported on Friday. The victim surnamed Wong, a sophomore at a university in the UK who has just returned to Hong Kong for the New…