Friday, December 29, 2017

Evening Edition: New tax law expected to slow rise of home values, creating winners and losers

 
Democracy Dies in Darkness
 
 
Evening Edition
The day's most important stories
 
 
New tax law expected to slow rise of home values, creating winners and losers
For generations, the tax code has subsidized homeownership, particularly for people in the upper middle class and beyond. But the new Republican tax legislation scales back subsidies once thought untouchable.
Stock markets wrapped up their best year since 2013. Will Wall Street see such success in 2018?
All the major indexes posted strong gains this year as investors banked on healthy corporate profits, an improving global economy and Republican efforts, led by President Trump, to cut business taxes and curb regulations. Few analysts foresaw this year's steady rise, which repeatedly pushed markets to historic highs.
 
The Fix | Analysis
11 curious quotes from Trump's latest news interview
President Trump didn't make any really big news in his wide-ranging interview with the New York Times. But there were plenty of worthwhile nuggets, bold claims and factual inaccuracies.
 
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A U.S.-backed plan aimed to fix Mexico's justice system. It has resulted in chaos.
For a country torn apart by drug violence, authorities see the overhaul as crucial to restoring order. But bickering and confusion reign at each link in the legal chain — and powerful drug cartels are exploiting the weaknesses in the new system and strong-arming authorities with death threats and bribes.
 
Perspective
The List: What's in and what's out for 2018
For the past 40 years, our New Year's tradition at The Post has been to let you in on our (evidence-based!) predictions for the next 12 months. So eat another stale cookie, delete your meditation app and let us guide you into 2018.
 
Trump says cheap Amazon shipping leaves the Postal Service 'dumber and poorer'
The president called for the U.S. Postal Service to raise the shipping rates that it charges the online retailer in a deal that he said harms the federal agency.
 
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Sue Grafton, writer of popular 'alphabet' mysteries, dies at 77
Grafton began her "alphabet series" in 1982 with "A is for Alibi." Her most recent book, "Y is for Yesterday," was published in August. Her husband said Grafton had been struggling to find an idea for "Z" while undergoing cancer treatment and losing weight.
 
Capital Weather Gang
Eastern U.S. to endure most piercing New Year's Eve cold in decades
Party-goers best bundle up on Sunday. From Billings to Boston in the north and from Oklahoma City to Washington to the south, temperatures will average 15 to as much as 50 degrees below normal.
 
'I'm a rock star': The tax bill has turned America's accountants into very popular people
Congress had just passed the largest tax bill in more than 30 years, and suddenly everyone in America needed an accountant.
 
 
A 3-year-old boy playing with stove started fire in New York City apartment building that left 12 dead, officials say
Five children were among those killed in the Bronx fire, which officials called the deadliest in the city in more than two decades. Flames spread rapidly through the five-story structure and the bodies of victims were found on multiple floors.
 
After violence hit his hometown, Chris Long asked, 'Why not help?'
The Philadelphia Eagles player and son of Hall of Famer Howie Long grew up wanting for nothing and wanted to use his advantages to lift others. Amid an uproar over player protests this season, Long expressed his views and put his money behind his words — donating his entire 2017 salary to charity.
 
Why the $5 Footlong is causing a revolt among some business owners
As fast-food chains slash prices to revive flagging sales, a growing rift has emerged between some name-brand corporations and the local franchisees who run their outlets. "The numbers don't work for us," said the chair of an industry group.
 
 
     
 
 
 
 

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