Archive for the ‘In the News’ Category

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Q&A: Sean Parker on Napster, Spotify, and His Federal Tax Law Triumph

/   Clifton Leaf, Fortune

In the wake of Spotify’s debut as a public company, Fortune sits down with one of its earliest boosters, who shares what he loves (and regrets) about the online music giant—and much more.

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America’s elite communities are leaving the rest of the country behind. Now what?

/   Jim Pethokoukis, AEI

America’s elite communities are leaving the rest of the country behind. That’s the core conclusion of a new report from the Economic Innovation Group. Researchers there found that the nearly 7 million jobs added between 2000 and 2015 “overwhelmingly flowed” into the nation’s most prosperous communities.

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Morning Tax: We dare you.

/   Bernie Becker, Politico

And with all the talk about Opportunity Zones and Community Development Financial Institutions funding: The Economic Innovation Group has a new study examining how the economy is advancing in communities across the nation – and found that, much like income inequality is on the rise, certain parts of the U.S. are speeding forward while the…

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The wildly uneven recovery from the Great Recession.

/   Kim Hart, Axios

Only the most affluent zip codes quickly recovered from the Great Recession and went on to rack up significant job gains, while the economies of the country’s most distressed communities continue to struggle, according to a new report released today.

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Officials say fed program to ‘drive much-needed capital’ to projects in Aurora

/   Steve Lord, Chicago Tribune

Aurora will be able to participate in a new federal program designed to increase long-term private investment in low-income areas. Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017 to provide a tax incentive for investors to put capital gains to use in the zones.

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