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Rush to purchase luxury items may lead to unintended consequences


The Globe and Mail
Brenda Bouw
Published May 12, 2021
The federal government is proposing a tax on the sale or lease of new luxury cars and personal aircraft that cost more than $100,000, and personal-use boats that cost more than $250,000. The tax would be calculated at the lesser of 20 per cent of the value above the thresholds or 10 per cent of the full value of the luxury car, boat, or personal aircraft.
Bart Sadowski/iStockPhoto / Getty Images
The Liberal government’s plan to tax expensive cars, yachts, and private aircraft introduced in this year’s federal budget has prompted many wealthy clients to check in with their financial advisors and see if they should consider buying these luxury items before the new charge is expected to take effect on Jan. 1, 2022. ....

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Stock market hits record highs as Joe Biden takes office on Inauguration Day


The stock market climbed to record highs Wednesday as President Joe Biden was sworn into office. The Dow Jones Industrial Average climbed 257.86, or 0.83%, to rise to a new record high of 31,188.38, while the S&P 500 gained 1.45% and the Nasdaq Composite rose 1.97% both also reaching record highs.
Markets reacted to Biden being sworn in as president as he has promised a $1.9 trillion stimulus bill, $1,400 payments to Americans, and his incoming Treasury Secretary Janet Yellen has urged lawmakers to “act big” on further relief spending.
Netflix stock led the tech-heavy Nasdaq’s big day, rising 16.85% after the company reported 8.4 million global paid net subscriber additions, surpassing analysts’ predictions of 6.47 million. Other top stock gains Wednesday afternoon included Utz Brands, Teladoc Health, Collectors Universe and Polaris. ....

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Blood group associated with cardiovascular events in COVID-19 patients


Blood group associated with cardiovascular events in COVID-19 patients
Among the many complications that have emerged from coronavirus disease 2019 (COVID-19), cardiovascular events have become prominent.
An illuminating new study by scientists at Harvard Medical School, USA, describes the correlation of such conditions with the ABO blood group. The team s findings may help assess the risk of COVID-19 patients for such complications, promoting early diagnosis and underscoring potential needs for preventive and therapeutic care where possible.
Study details
The study took a retrospective observational cohort design. It included over 400 subjects enrolled in the COVID-19 Registry to Assess Frequency, Management, and Outcomes of Arterial and Venous Thromboembolic Complications (CORONA-VTE). ....

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