Snow storm; Trump vs. Nordstrom - CBS News Brief, Feb. 9, 2017
Winter blast
More than 50 million people in the Northeast are waking up to a winter snow storm. The dangerous storm is intensifying, bringing white-out conditions and high winds. Thousands of flights have been canceled, and some of the nation’s most densely populated regions are expecting significant snowfall totals.
Trump vs. U.S. Inc.
President Trump is defending his daughter, Ivanka, after Nordstrom cut ties with her brand last week. Despite the the fashion retailer’s insistence the split was over sagging sales, one expert says corporate America’s concerns about being singled out by the nation’s chief executive are mounting fast.
Anti-Tea Party?
Will Rhan argues that, given the Trump Administration’s apparent intention to co-opt some popular left-wing economic ideas and repurpose them to suit their agenda, the nation’s progressive left should at least consider the strategy of unleashing a “Tea Party” of its own. It is, however, a strategy that would bring its own inherent dangers.
Short-term care
One potential impact of congressional Republicans’ plan to dismantle Obamacare that has experts worried is a resurgence in short-term health insurance. The plans, which provide coverage for as little as three months, offer only limited benefits. Here’s what’s driving their return, and why you should beware.
Take a breaks
Although the U.S. tax code offers a raft of loopholes for high earners, not all deductions are for the rich. Indeed, so-called above-the-line deductions can help average filers to significantly lower their taxes. We run down 10 tax breaks you don’t have to be well-off to claim.
Fiduciary standard
The Trump administration has delayed new federal rules requiring financial pros to put their clients’ interests first when offering retirement advice. Steve Vernon argues that’s a mistake. Public confidence in the financial industry is already low, he writes, and blocking expansion of the “fiduciary standard” will only make it worse.
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