 | From the Editor's Desk
Hate Paying Taxes? Here's the 1 Form of Tax Everyone Really Wants to Pay (or at Least Should) Better yet, if you want to be successful, that you need to pay--and pay more of.Continued here
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WorkWorkWeWork's rapid collapse comes to a close as the once high-flying startup declares bankruptcy with nearly $19 billion in debt   © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
WorkWorkOpinion | Why Does the Right Hate America?  Paul Krugman has been an Opinion columnist since 2000 and is also a distinguished professor at the City University of New York Graduate Center. He won the 2008 Nobel Memorial Prize in Economic Sciences for his work on international trade and economic geography. @PaulKrugman
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WorkWorkWeWork forced to file for bankruptcy in the US  WeWork, which was founded in 2010 and was led by the colourful Adam Neumann, leases office spaces where individuals and companies can rent and share space. It became known for offering beer on tap in its offices as well as colourful and relaxed decor.
WorkFortnite maker Epic Games takes Google to court  The trial opens up another anti-trust front against Google. The company is also defending itself in a court in Washington - where the US justice department has accused the company of holding an illegal monopoly over search. WorkHer Name Is Barbra, but It Wasn’t Always  There are just so many scintillating Streisands to contemplate over so many years: singer, actress, director, producer, philanthropist, activist, lover, mother, wife, friend, autobiographer. “I would make a very good critic,” she suggests at one point, and as I struggle to put a button on this, all I can reply is: Barbra, be my guest.
WorkWorkOpinion | Trump May Not Need a Coup This Time  Gail Collins is an Opinion columnist, is a former member of the editorial board and was the first woman to serve as the Times editorial page editor, from 2001 to 2007. @GailCollins • Facebook
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WorkKayleigh McEnany Whines About Trump's Courtroom Sketch  By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy. Work WorkWorkWorkWorkWorkWorkRepublicans Renew Push To Censure Rep. Rashida Tlaib  By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy. WorkWorkWorkNintendo hikes profit forecast as Mario movie, Zelda game breathe new life into Switch console  Nintendo has sold 19.5 million units of \"The Legend of Zelda: Tears of the Kingdom\" game in the first six months of its fiscal year. \"Mario Kart 8 Deluxe,\" which was released on the Switch in 2017, was Nintendo\'s second-most popular game in the period helped by the success of the Mario movie, which has generated more than $1 billion at the box office since its April release. The film was produced in collaboration with Universal Studios. WorkWorkWorkWorkWorkWorkWork'Small percentage' of bank deposits have been delayed by a glitch since last week, creating chaos for paying mortgages and rent  © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkWorkWorkWorkWorkRBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35%  “My expectation is that the RBA will not rush into another rate rise in December but instead assess inflation and growth trends over the next few months, with a potential further rate rise in February if the [December quarter consumer price index] on 31 January remains uncomfortably high,” David Bassanese, chief economist for BetaShares said. WorkWorkWorkWorkRussia-Ukraine war live: 'birthday gift' grenade kills major advising Ukrainian military chief  Odesa's national art museum said seven exhibitions, most featuring the work of contemporary Ukrainian artists, were damaged by a Russian strike that left a large crater outside the museum, which is celebrating its 124th anniversary. Ukraine's deputy foreign minister, Emine Dzheppar, said Kyiv was "deeply outraged" by the attack and urged the UN's Paris-based heritage agency, Unesco, to condemn it. WorkDrinks firms face EU-wide complaint over plastic bottle recycling claims  Danone said: “We strongly believe in the circularity of packaging – and will continue to invest and lead the campaign for better collection and recycling infrastructure alongside our partners. We have also made real progress on our journey to reducing single-use plastic and virgin plastic use in parallel (-10% in absolute since 2018).” WorkWorkA deadly cascade: how secret Hamas attack orders were passed down at last minute  Hamas did order some attackers to retreat as the Israeli forces began to rally, and many senior commanders returned to Gaza. This meant that although many members of the Qassam brigades and Nukhba units died, most of the leaders remained alive. Since then, some have been killed in the IDF offensive in Gaza, which has so far taken more than 9,770 lives, including more than 4,000 children, according to local health authorities. WorkWorkWorkUK house prices rise for first time since March amid supply shortages  It completed 1,439 homes and is aimimg for a total of 9,500 this year, slightly more than anticipated in August but down sharply from nearly 15,000 last year. The builder said its sales rate had improved in the past five weeks, showing a “strong pickup” since the start of October, but warned that “market conditions will remain highly uncertain” into 2024. WorkWorkUK recession fears grow as shoppers cut spending 'to save for Christmas'  "The unseasonably warm weather also hampered spending on indoor experiences, including digital streaming services and takeaways. However, pubs, bars and clubs still achieved strong growth, boosted by England's performance at the Rugby World Cup, while the travel sector benefited from a rise in holiday bookings," she said. WorkWeWork files for bankruptcy after grappling with $2.9bn in long-term debt  The attempt to list the company on the New York Stock Exchange as the We Company in 2019 included the filing of a revealing prospectus with the Securities and Exchange Commission that raised questions over its long-term viability, profitability and leadership. The company would not go public until 2021. Neumann received a $445m payout package on his exit.Founded in 2010, the company’s business involves taking long-term leases on office buildings and selling short-term memberships to offices geared towards co-working. The company was once valued at $47bn on an investment of $12.8bn, primarily from the Japanese multinational SoftBank. After the publication of its S-1 prospectus, however, analysts valued the company at $10bn.WeWork shuttered dozens of its co-working spaces in response to pandemic lockdowns, when remote working came to dominate co-working.Its commercial real estate portfolio remains vast, however, with about 777 locations across 39 countries as of June. These housed 906,000 desks, according to the company. (Guardian US leases space from WeWork.)WeWork raced to adapt to a post-Covid world, seeking to position itself as a specialist provider of flexible office space as businesses and their employees weighed how, and where, to work. It remained deep in the red, however, and lost $696m in the first half of this year.Neumann, 44, has already started a new venture. Flow, which raised $350m from the Silicon Valley venture capital firm Andreessen Horowitz last year, is focused on residential real estate. |
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