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The law requires that any financial institution (US or foreign) remitting any foreign payment to a bank in such a country withhold 30 percent of the amount of such payment and remit that percentage to the Internal Revenue Service (IRS) as a tax. A withholdable payment is defined as any payment of interest, dividends, rents, salaries, wages, premiums, annuities, compensation, enumerations, emoluments, and other fixed or determinable annual or periodical gains, [...] High-speed pressure jet administers medicine through the skin Device is similar to the system used by Dr Leonard ‘Bones’ McCoy in Star Trek Medicine could be delivered via a high-speed pressure jet through the skin in a new needleless method developed by scientists which could spell the end of painful injections. The Star Trek-style device, unveiled by scientists yesterday, can be programmed to deliver a range of doses to varying skin depths. The breakthrough [...] Via Peter Tchir of TF Market Advisors,
A dull morning with the Euro markets shut down. Stock futures have meandered throughout the overnight session, trading up and down, but in a narrow range. We get the ISM data and vehicles sales today. It would be surprising if ISM didn’t disappoint, which means the market has already priced in a print lower than the expectations of 53 calculated by Bloomberg. Vehicle sales will [...] It’s going to be a mad, mad Monday-morning commute. Mass transit probably won’t be fully up and running until “well into” tomorrow, and straphangers should plan on walking, biking or carpooling to work, officials said yesterday. Subways, buses, Metro-North and the LIRR won’t be restarted until transit workers deal with potentially flooded train tunnels and vulnerable power lines, Mayor Bloomberg said. NJ Transit, too, is in limbo [...] by Zh Here is David Rosenberg’s take on today’s NFP, recent market action, impact of D.C. gridlock (bad for fiscal policy, no impact, we believe on monetary – all hail emperor Ben) On NFP: NICE TREAT IN U.S. PAYROLLS, BUT THERE WAS A TRICK IN THE HOUSEHOLD SURVEY Well, that was quite the shocker. Nonfarm payrolls managed to dramatically exceed expectations and rung up a total of 151,000 jobs in [...] |
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