No Federal Taxes for Dozens of Big, Profitable Companies
FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.
By Patricia Cohen
Jill Biden treats reporters to April Fools' Day prank
WASHINGTON — Reporters traveling with first lady Jill Biden got an April Fools’ Day surprise on their flight back from California to Washington on Thursday.
During meal service, a flight attendant with a “Jasmine” nametag passed out Dove ice cream bars. She wore a black mask and a black pantsuit and had short black hair.
A few minutes later, “Jasmine” reemerged without the wig — revealing herself to be Jill Biden, laughing and proclaiming, “April Fools!”
The first lady’s aides told reporters that they were just as surprised to discover the true identity of “Jasmine.”
In her 2019 memoir, “Where the Light Enters,” Biden admitted she enjoys playing pranks. When her husband was vice president during the Obama administration, she once hid in an overhead bin on Air Force Two, frightening the first person who was unlucky enough to try to pack his luggage there.
“I’ve always believed you’ve got to steal the joyful moments when you can,” she wrote.
Why the Markets Need a Strong Government Hand
Individually rational actions often yield bad outcomes, an economist says. That incontestable fact is the central rationale for government involvement in economic life.
By Robert H. Frank
'Killer' cop filmed telling boss George Floyd was 'going crazy' just after death
Thundersnow could hit UK over Easter weekend as temperatures plunge
US economy added 916,000 jobs in March
New York (CNN Business)The US economy’s recovery from the pandemic strengthened in March as employers added 916,000 jobs — the biggest gain since August, the Labor Department reported Friday.
The huge job gain was up from the 468,000 increase in jobs reported for February, which itself was revised up by nearly 100,000 jobs from its initial reading.
The gain was also much better than predicted by economists, who expected a strong but still more modest increase of 647,000 jobs.
Some of the sectors scoring big improvements were among those hurt most badly by the shutdowns associated with the pandemic, including restaurants and bars, which added 176,000 jobs.
State and local education jobs rose by 126,000 as schools started to reopen. Hotels and other accommodations added 40,000 jobs, and the category that includes performing arts, spectator sports and amusement parks added 64,000.
Other big gains came in sectors that have done well the last year, despite the recession. Construction added 110,000 jobs, as commercial projects increased and homebuilding continued to thrive. Delivery services, such as FedEx and UPS, which had already posted the biggest job gains of the last year due to the increase in online shopping, added another 17,000 jobs.
The unemployment rate improved to 6%, compared with the 6.2% in February. But while some sectors are back to their pre-pandemic employment levels, the overall US economy still has 8.4 million fewer jobs than it did before Covid-19 related job losses started a year ago.
Indonesia says China consortium to invest $5 billion in electric battery venture
JAKARTA (Reuters) – Indonesia’s state-owned enterprises minister said on Friday that a Chinese consortium would invest $5 billion in an electric batteries venture, which would include China’s Contemporary Amperex Technology (CATL).
Erick Thohir was speaking during a visit to China and was referring to a deal announced late last year, where CATL would invest $5 billion in a lithium battery plant in Indonesia and would start production in 2024.
NCAA women’s Final Four: UConn vs. Arizona and South Carolina vs. Stanford
A look at the women’s Final Four teams:
Connecticut (28-1) vs. Arizona (20-5)
TV: 9:30 p.m. ET Friday (ESPN)
The Huskies remain Final Four fixtures, as they have been for two-plus decades. It might come as a surprise, however, that they’re seeking their first title since 2016. They needed a major rally against Baylor to extend their string of semifinal appearances to 13, but freshman sensation Paige Bueckers has already introduced herself to the world as next in a long line of UConn superstars.
Scoring: 82.7; Scoring defense: 52.0; Field goal percentage: 51.6; Three-point percentage: 35.4; Free throw percentage: 71.4; Rebounding margin: 11.7; Assist/turnover ratio: 1.5.