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Finance & Markets

Social Security and the blue wave: What could happen to payroll taxes and senior tax breaks

Democrats advocated taxing high earners to shore up Social Security in the runup to the midterms. Plus, a senior deduction is slated to expire in two years.

We haven't written up this one. CNBC has the full story — the link below goes straight to it.

Read the original at cnbc.com →

More in Finance & Markets

The 1973 Oil Crisis Still Matters Today

Author Philip Delves Broughton is on Bloomberg This Weekend to discuss his new book, Embargo, and how the 1973 oil crisis transformed Saudi Arabia’s economic and political power while exposing the…

One Hand-Typed Number Made My Drug Valuation 4.5x Too High

My drug valuation desk said a Phase 2 cancer drug was worth $1.29 billion. After two small fixes, the same drug with the same sales forecast was worth $283.5 million. Neither bug crashed anything. The screen looked great the whole time. That is the kind of bug this post is about. The setup The desk is called Somota.

  • Somota tool miscalculated drug valuation
  • Success rate typed manually, incorrect
  • 30% success rate led to $283.5M valuation

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