lt Renault chief accuses Red Bull of lies By en.espnf1.com Published On :: Tue, 24 Mar 2015 21:39:10 GMT Renault managing director Cyril Abiteboul has responded angrily to Adrian Newey's suggestion that the engine is the only thing holding Red Bull back in 2015 Full Article
lt Ricciardo encouraged by Renault driveability progress By en.espnf1.com Published On :: Fri, 27 Mar 2015 10:57:32 GMT Daniel Ricciardo says Renault has solved many of the driveability issues which hampered Red Bull so drastically in Melbourne Full Article
lt What Allies Want: Reconsidering Loyalty, Reliability, and Alliance Interdependence By feedproxy.google.com Published On :: Apr 12, 2020 Apr 12, 2020Is indiscriminate loyalty what allies want? The First Taiwan Strait Crisis (1954–55) case suggests that allies do not desire U.S. loyalty in all situations. Instead, they want the United States to be a reliable ally, posing no risk of abandonment or entrapment. Full Article
lt What Allies Want: Reconsidering Loyalty, Reliability, and Alliance Interdependence By feedproxy.google.com Published On :: Apr 12, 2020 Apr 12, 2020Is indiscriminate loyalty what allies want? The First Taiwan Strait Crisis (1954–55) case suggests that allies do not desire U.S. loyalty in all situations. Instead, they want the United States to be a reliable ally, posing no risk of abandonment or entrapment. Full Article
lt Raikkonen 'very important' for Renault By en.espnf1.com Published On :: Sat, 03 Dec 2011 09:26:59 GMT Lotus Renault owner Gerard Lopez says that Kimi Raikkonen's acquisition is "one of the very important steps" to make the team more competitive Full Article
lt Petrov hopes to remain at Renault By en.espnf1.com Published On :: Sun, 04 Dec 2011 13:22:45 GMT Vitaly Petrov says that he wants to remain at Renault and partner Kimi Raikkonen next season, despite doubts over his future Full Article
lt Grosjean gets second Renault seat By en.espnf1.com Published On :: Fri, 09 Dec 2011 14:45:56 GMT Lotus Renault has announced that Romain Grosjean will drive alongside Kimi Raikkonen next season Full Article
lt Boullier targets title tilt in three years By en.espnf1.com Published On :: Mon, 12 Dec 2011 15:23:50 GMT Renault team principal Eric Boullier is targeting race victories in the next three years and fourth place in the championship next season Full Article
lt Bahar defends Renault approach By en.espnf1.com Published On :: Tue, 13 Dec 2011 08:35:56 GMT Dany Bahar, chief executive of the Lotus Group, has defended Renault's approach to its drivers after Kimi Raikkonen hurt his wrist in a skidoo accident Full Article
lt Renault to decide on 2014 customer teams in September By en.espnf1.com Published On :: Fri, 15 Jun 2012 08:01:46 GMT Renault has set a September deadline in deciding how many customer teams the engine manufacturer will supply from 2014 onwards Full Article
lt Renault open to team ownership return By en.espnf1.com Published On :: Fri, 06 Mar 2015 10:52:36 GMT Renault says it is open to the idea of taking over an existing team on the grid, though no firm decisions have been made over its future in Formula One Full Article
lt It's time to stop reducing taxes on the wealthy By webfeeds.brookings.edu Published On :: Tue, 21 Apr 2015 00:00:00 -0400 House Republicans recently approved the “Death Tax Repeal Act of 2015.” If we care about our debt obligations, social mobility, or equality of opportunity, we should consider doing just the opposite: raising the tax and applying it to more of the super-wealthy. Currently, the estate tax doesn't touch the first $5.43 million of an individual’s assets and the first $10.86 million of couples’ assets. The tax kicks in after that amount, eventually rising to a top rate of 40 percent. Proponents of repeal make a number of claims to make their case. Let’s examine the most common. The estate tax affects a significant portion of Americans. Only about 5,400 estates will pay any estate tax this year. That’s about 0.2% of all estates – that’s right, just two tenths of one percent. That’s a fortieth of the 1970’s share. Americans worried about the Estate Tax have nothing to fear but fear itself. The estate tax hurts small farms and businesses. In fact, the estate tax touches virtually no small farms or businesses. The Urban-Brookings Tax Policy estimated how many farm and business estates worth under $5 million paid any tax in 2013. Twenty did. Twenty small farms and businesses paid any estate tax in 2013. And those 20 estates faced an average tax rate of 4.9%. Only 660 farm estates—of any size—paid the tax in 2013, and 100 of those farms had assets worth over $20 million. The USDA estimates that 0.6% of all farm estates owed federal estate tax in 2013. This is because families who farm for a living have access to generous deductions: up to $1 million for continuing to farm the land for the next 10 years and up to $500,000 for adopting conservation easements. They can also delay payment and lighten their tax liability by gifting their land to heirs. Small businesses have similarly generous carve-out. Repealing the estate tax doesn't affect the budget, because it’s a small share of federal revenue. In 2014, the estate tax represented 0.6% of federal collections, or roughly $20 billion annually, according to the Joint Committee on Taxation. But part of the reason that’s so low is because Congress has increased the exemption and lowered the rate in recent years; in 2001, the top rate was 55% and the exemption was only $675,000. Still, even today, repealing the tax is costly. The JCT estimates that repeal would cost the government $269 billion over the next decade. The estate tax represents double taxation. Well, maybe. It is true that people pay taxes on their income when earned and then may have to pay again when they pass it on to their heirs. However, because the super-wealthy keep much of their assets as unrealized capital gains (55% for those estates worth over $100 million), the estate tax is the only way, right now, to tax these capital gains. In that sense it can be viewed as a partial corrective within our funhouse of a tax system. Some capital gains, to be sure, are the fruits of hard work and entrepreneurial creativity but a lot are simply the result of gains among those wealthy enough to participate in speculative ventures. One thing is true: repeal would mean a large tax break for the wealthiest 0.2% of the population. The 1,336 families with estates worth more than $20 million would get almost three-fourths of the benefit from the repeal and enjoy an average windfall of $10 million each, according to the Center on Budget and Policy Priorities. The 318 families with estates worth more than $50 million would see an average windfall of $20 million each. These facts are often obscured by our penchant for individual stories. One Washington Post story for example, acknowledges many of the statistics above, but then goes on to give two examples of farmers who had to sell land to meet their tax burden, one of which is several decades old, when the exemption was much lower. Elected officials love these kinds of stories and tell them often. Are they unaware of the generous special provisions for this group? Do they truly believe that very wealthy families are the ones we should be helping? Or are they thinking about who is going to finance their next campaign? The estate tax is one of the most progressive aspects of our tax system. In a time of increasing inequality, it provides a way to counteract the formation of a “permanent ownership class.” If anything, we should consider raising the rate and lowering the exemption to pay down debt and invest in opportunities for the unlucky children at the bottom of the wealth ladder. We could start by closing the stepped-up basis loophole and raising the estate tax to Clinton-era levels. We could do so in a way that protects real farmers and small business owners. Wealthy heirs, meanwhile, will still do very well, much better than the rest of America. A serious estate tax would allow us to come closer to our national ideal, in which no child is born a prince, and every child can become as rich as a king. Note: An earlier version of this post said that the estate tax only applies to assets in excess of the exemption, which is incorrect. The estate tax is levied on the entire estate but is offset by a credit equal to the tax on the first $5.43 million. This version is corrected. Authors Edward RodrigueIsabel V. Sawhill Publication: Real Clear Markets Image Source: © Tami Chappell / Reuters Full Article
lt Class Notes: Harvard Discrimination, California’s Shelter-in-Place Order, and More By webfeeds.brookings.edu Published On :: Fri, 08 May 2020 19:21:40 +0000 This week in Class Notes: California's shelter-in-place order was effective at mitigating the spread of COVID-19. Asian Americans experience significant discrimination in the Harvard admissions process. The U.S. tax system is biased against labor in favor of capital, which has resulted in inefficiently high levels of automation. Our top chart shows that poor workers are much more likely to keep commuting in… Full Article
lt Will House Democrats’ infrastructure plan yield results? By webfeeds.brookings.edu Published On :: Thu, 06 Feb 2020 22:58:39 +0000 The recently released infrastructure framework from House Democrats is a broad statement of purpose, not a specific legislative agenda, says Adie Tomer, a sign that it's intended more as a platform for generating productive debate over the details--especially the always-contentious funding question. Tomer explains the wide range of programs covered in the proposal, why Democrats… Full Article
lt Hamilton leads McLaren 1-2 as Red Bulls self destruct By en.espnf1.com Published On :: Sun, 30 May 2010 22:06:25 GMT Lewis Hamilton led home team-mate Jenson Button for a McLaren 1-2 in the Turkish Grand Prix at Istanbul Park, capitalising on a collision between the Red Bulls of Mark Webber and Sebastian Vettel Full Article
lt Hamilton delighted to 'take the battle to Red Bull' By en.espnf1.com Published On :: Sun, 30 May 2010 14:59:05 GMT A surprisingly subdued Lewis Hamilton said he hoped the McLaren 1-2 at the Turkish Grand Prix would give the team the push it needed to challenge the Red Bulls in the world championship Full Article
lt McLaren told Hamilton that Button wouldn't pass By en.espnf1.com Published On :: Tue, 08 Jun 2010 10:41:29 GMT Lewis Hamilton was told team-mate Jenson Button would not try to overtake him at the Turkish Grand Prix 10 days ago, seconds before the world champion did so and sparked a duel Full Article
lt Coulthard slams 'irresponsible' approach to new teams By en.espnf1.com Published On :: Tue, 09 Mar 2010 09:13:24 GMT David Coulthard has added his voice to those expressing concern about the presence of three new Formula One team on the grid this season Full Article
lt Hamilton remains positive By en.espnf1.com Published On :: Sun, 09 May 2010 15:40:06 GMT Lewis Hamilton stayed positive after a puncture cost him second place in the Spanish Grand Prix on the penultimate lap Full Article
lt Massa bemoans difficult race By en.espnf1.com Published On :: Sun, 09 May 2010 17:03:14 GMT Felipe Massa complained about a lack of grip from his Ferrari after finishing a disappointing sixth in the Spanish Grand Prix Full Article
lt A stone is most likely to blame for Hamilton's accident By en.espnf1.com Published On :: Mon, 10 May 2010 07:52:06 GMT The shattered remains of the front-left corner of Lewis Hamilton's car is being rushed back to Woking for analysis Full Article
lt What Allies Want: Reconsidering Loyalty, Reliability, and Alliance Interdependence By feedproxy.google.com Published On :: Apr 12, 2020 Apr 12, 2020Is indiscriminate loyalty what allies want? The First Taiwan Strait Crisis (1954–55) case suggests that allies do not desire U.S. loyalty in all situations. Instead, they want the United States to be a reliable ally, posing no risk of abandonment or entrapment. Full Article
lt Capital Choices: Sectoral Politics and the Variation of Sovereign Wealth By feedproxy.google.com Published On :: Jul 8, 2019 Jul 8, 2019Capital Choices analyzes the creation of different SWFs from a comparative political economy perspective, arguing that different state-society structures at the sectoral level are the drivers for SWF variation. Juergen Braunstein focuses on the early formation period of SWFs, a critical but little understood area given the high levels of political sensitivity and lack of transparency that surround SWF creation. Braunstein’s novel analytical framework provides practical lessons for the business and finance organizations and policymakers of countries that have created, or are planning to create, SWFs. Full Article
lt What Allies Want: Reconsidering Loyalty, Reliability, and Alliance Interdependence By feedproxy.google.com Published On :: Apr 12, 2020 Apr 12, 2020Is indiscriminate loyalty what allies want? The First Taiwan Strait Crisis (1954–55) case suggests that allies do not desire U.S. loyalty in all situations. Instead, they want the United States to be a reliable ally, posing no risk of abandonment or entrapment. Full Article
lt Hamilton unable to explain lack of Q3 pace By en.espnf1.com Published On :: Sat, 17 Apr 2010 08:26:39 GMT Lewis Hamilton could not explain his inability to perform in the final session of qualifying in China, which will see him start the race from sixth on the grid Full Article
lt No penalty for Hamilton or Vettel after pit lane incident By en.espnf1.com Published On :: Sun, 18 Apr 2010 12:13:26 GMT Lewis Hamilton and Sebastian Vettel have been reprimanded but not penalised for their driving in the pit lane during the Chinese Grand Prix Full Article
lt 'Stop moaning about Hamilton' - Ecclestone By en.espnf1.com Published On :: Mon, 19 Apr 2010 08:40:31 GMT Bernie Ecclestone has told Lewis Hamilton's rivals to "stop moaning" about the on-track tactics of the 2008 world champion Full Article
lt Hamilton: No added importance on opening race By en.espnf1.com Published On :: Thu, 12 Mar 2015 06:44:45 GMT Lewis Hamilton says he feels no added pressure ahead of the first race of his title defence despite starting 2014 on the back foot with a retirement in Australia at the opener last year Full Article
lt Plenty more to come from Mercedes - Hamilton By en.espnf1.com Published On :: Fri, 13 Mar 2015 09:58:17 GMT Lewis Hamilton says Mercedes still has work to do to perfect its set-up despite a hugely impressive start to the 2015 season on Friday in Australia Full Article
lt Hamilton: Work needed to convert pole to win By en.espnf1.com Published On :: Sat, 14 Mar 2015 08:16:51 GMT Lewis Hamilton says he still has a lot of work to do to convert his dominant pole into a victory at the season-opening Australian Grand Prix Full Article
lt Rosberg: Hamilton drove like a champion By en.espnf1.com Published On :: Sun, 15 Mar 2015 07:48:24 GMT Nico Rosberg praised Lewis Hamilton for his drive to victory in Australia and said he unsuccessfully mounted a full-scale attack in the closing stages Full Article
lt Hamilton: I was in complete control By en.espnf1.com Published On :: Sun, 15 Mar 2015 08:43:13 GMT Lewis Hamilton admits he always had something extra in his pocket throughout the Australian Grand Prix after leading home a dominant Mercedes one-two in Melbourne Full Article
lt Hamilton amused by Horner's equalisation comments By en.espnf1.com Published On :: Thu, 26 Mar 2015 11:21:13 GMT Lewis Hamilton says he finds Christian Horner's calls for equalisation "funny" considering the success Red Bull enjoyed in recent years Full Article
lt Hamilton blocked from novelty helmet change By en.espnf1.com Published On :: Fri, 27 Mar 2015 07:48:51 GMT Lewis Hamilton appears to be the first victim of the FIA's controversial helmet ban after being blocked from wearing a novelty lid in Malaysia Full Article
lt Hamilton: Ferrari pace a surprise By en.espnf1.com Published On :: Fri, 27 Mar 2015 12:17:42 GMT Lewis Hamilton admits he is surprised about Ferrari's competitive lap times in Friday practice but thinks he left plenty of time on the table from his own qualifying simulation Full Article
lt 'We had a decent chance of pole' - Hamilton By en.espnf1.com Published On :: Sat, 25 Sep 2010 17:05:25 GMT Lewis Hamilton believes he could have taken pole position at the Singapore Grand Prix with a bit more luck in Q3 and is now targeting a win on Sunday Full Article
lt Massa to take new engine without penalty By en.espnf1.com Published On :: Sat, 25 Sep 2010 17:52:00 GMT Felipe Massa will use a brand new engine at the Singapore Grand Prix, in the knowledge that a 10-place penalty will have no effect on him as he will start from the back of the grid Full Article
lt Hamilton says title still possible and reflects on accident By en.espnf1.com Published On :: Sun, 26 Sep 2010 15:34:32 GMT Lewis Hamilton is not writing off this year's championship despite notching up his second retirement in a row and dropping 20 points off Mark Webber at the Singapore Grand Prix Full Article
lt Sutil and Hulkenberg hit with 20-second penalty By en.espnf1.com Published On :: Mon, 27 Sep 2010 08:40:54 GMT Adrian Sutil was hit with a 20-second penalty for going round the outside of Turn 7 on the opening lap of the Singapore Grand Prix Full Article
lt Strategy did not cost me win - Hamilton By en.espnf1.com Published On :: Sun, 29 Mar 2015 10:44:18 GMT Lewis Hamilton doubts Mercedes could have beaten Ferrari's Sebastian Vettel even if it had matched the German driver's two-stop strategy in Malaysia Full Article
lt Penalty points for Maldonado and Force India pair By en.espnf1.com Published On :: Sun, 29 Mar 2015 15:26:51 GMT Pastor Maldonado has been handed three penalty points to his super licence for exceeding the speed limit under the safety car at the Malaysian Grand Prix Full Article
lt Hamilton '99.6%' done on new Mercedes £27m deal By en.espnf1.com Published On :: Tue, 31 Mar 2015 08:25:20 GMT Lewis Hamilton is closing on a new Mercedes deal reportedly worth £27 million a year and he expects it to be closed this week Full Article
lt What Allies Want: Reconsidering Loyalty, Reliability, and Alliance Interdependence By feedproxy.google.com Published On :: Apr 12, 2020 Apr 12, 2020Is indiscriminate loyalty what allies want? The First Taiwan Strait Crisis (1954–55) case suggests that allies do not desire U.S. loyalty in all situations. Instead, they want the United States to be a reliable ally, posing no risk of abandonment or entrapment. Full Article
lt Vettel secures pole position ahead of Hamilton By en.espnf1.com Published On :: Sat, 17 Nov 2012 20:03:45 GMT Sebastian Vettel took pole position for the United States Grand Prix after edging out Lewis Hamilton for pole position by 0.109s. His title rival Fernando Alonso will start eighth on the grid Full Article
lt Hamilton wins as title battle goes down to Brazil By en.espnf1.com Published On :: Mon, 19 Nov 2012 08:00:48 GMT Lewis Hamilton won an enthralling United States Grand Prix ahead of Sebastian Vettel and Fernando Alonso, meaning the drivers' championship will go down to the final round in Brazil Full Article
lt Hamilton leads tight first practice session at Interlagos By en.espnf1.com Published On :: Fri, 23 Nov 2012 13:52:52 GMT Lewis Hamilton led a closely fought first practice session for the Brazilian Grand Prix, which saw the two McLarens and two Red Bulls covered by less than a tenth of a second Full Article
lt Hamilton tops Friday practice ahead of Vettel By en.espnf1.com Published On :: Fri, 23 Nov 2012 18:07:21 GMT Lewis Hamilton set the pace in second practice after McLaren made a strong start to the Brazilian Grand Prix weekend Full Article
lt Hamilton leads McLaren front row, Vettel fourth and Alonso seventh By en.espnf1.com Published On :: Sat, 24 Nov 2012 19:02:57 GMT Lewis Hamilton took pole position as part of a McLaren front-row lockout at the Brazilian Grand Prix as championship contenders Sebastian Vettel and Fernando Alonso only managed fourth and eighth respectively Full Article
lt No penalty after Grosjean/de la Rosa clash By en.espnf1.com Published On :: Sat, 24 Nov 2012 20:31:32 GMT The stewards at the Brazilian Grand Prix have decided to take no further action after investigating a collision between Romain Grosjean and Pedro de la Rosa during qualifying Full Article
lt Africa in the news: Updates on Togo, Guinea-Bissau, South Sudan, and health challenges By webfeeds.brookings.edu Published On :: Sat, 07 Mar 2020 12:00:02 +0000 Guinea-Bissau and TOGO election updates Leadership in Guinea-Bissau remains unclear as the results of the December 29 runoff presidential election are being challenged in the country’s supreme court. Late last month, the country’s National Election Commission declared former Prime Minister Umaro Sissoco Embalo of the Movement of Democratic Change the winner with about 54 percent… Full Article
