Page 13 - 240 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inflation is going to be part of our lives for the next 11 months. but as far as that gas question is concerned, it's very relevant. we're all thinking about summer vacation. i checked in with aaa this morning and they feel that because omicron is subsiding and eventually people are going to want to hit the road again, gas prices likely will remain elevated because the sheer fact that there is so much demand. we should also keep in mind as to what's happening around the world. right now the tension between ukraine and russia. russia is a big stakeholder. a big player in opec. if russia isn't s...

To reverberate around the world. and as the death toll grows, so do the calls for further punitive sanctions to be placed on russia. western allies, well, they have so far acted with unprecedented coordination to hit everything from russia's central bank to its wealthiest individuals. but so far, sanctions on the country's most valuable exports, oil and gas, have been more uneven with europe unwilling, for now at least, to turn off the taps. here is why. russia is the third biggest producer of oil in the world. pumping close to 11 million barrels of the black stuff every day. more than half of...

Oil in the world. pumping close to 11 million barrels of the black stuff every day. more than half of its oil exports go to europe. russia is also the world's second biggest producer of natural gas and accounts for 40% of the eu �*s gas imports. and all of this means that last year alone, and all of this means that last yearalone, russia and all of this means that last year alone, russia exported over $240 billion in oil and natural gas. placing an embargo on those exports would be devastating for the economy. but it would also lead to soaring global energy prices, rampant inflation and, pos...

Pumping close to 11 million barrels of the black stuff every day. more than half of its oil exports go to europe. russia is also the world's second biggest producer of natural gas and accounts for about 40% of the eu's gas imports. and all of this means that last year alone, russia exported over $240 billion in oil and natural gas. placing an embargo on those exports would be devastating for the economy. but it would also lead to soaring global energy prices, rampant inflation and possibly a global recession. the problem is that by continuing to buy russian fossil fuels, the west is inadverten...

Corporations, the ones who didn't pay any tax, that would raise a quarter of a trillion dollars, $240 billion. there's a loophole in the system called stepped-up basis that. loophole goes if i made a capital gains and i was a wealthy person and i was going to cash in may stock and i was going to have to pay a tax and make, you know, $400,000 and i was going to pay "x" amount in taxes, if on the way to cash it if i get hit by a truck god forbid and died and i was throat my daughter there would be no tax paid. it's not an inheritance tax, it's a tax due ten seconds earlier. we close that loophol...