The privatization of the space industry has seen dramatic growth in recent years, and it appears that more significant developments are on the horizon. During 2013, SpaceX (the space exploration company founded by Elon Musk, co-founder of PayPal and Tesla Motors) successfully launched a major communications satellite into orbit for a private satellite operator, and became the first private company to transport cargo to the International Space Station. In December 2013, SpaceX beat out Blue Origin, the space company founded by Miami’s own Jeff Bezos of Amazon, in the bid for control of Launch Pad 39A at Cape Canaveral by NASA, where many historic U.S. space missions began. Virgin Galactic, a space tourism company founded by Sir Richard Branson of Virgin Atlantic, has already begun accepting reservations for commercial flights into space, and expects to launch its first commercial spaceflight during 2014. … [Read more...] about Tax Planning for the Privatization of the Space Industry
Elon musk top ten rules for success
Senate Energy and Natural Resource Committee Ranking Member Maria Cantwell (D-WA) is leading the effort to address energy tax extenders by reinstating, extending, or making permanent a handful of expired clean energy tax credits, including potentially incorporating them into a broad energy bill she and Committee Chair Lisa Murkowski (R-AK) are discussing and beginning to hold hearings about – the first of which was held last week and focused on energy efficiency issues (see below). Earlier this year, Senator Cantwell’s staff considered how to build on what then-Senator Max Baucus proposed last Congress on an industry neutral or performance based energy tax policy. Two of the Senate Finance Committee Working Groups, the Business Income Tax Working Group, co-chaired by Senators John Thune (R-SD) and Senator Ben Cardin (D-MD), and the Community Development and Infrastructure Working Group, co-chaired by Senators Dean Heller (R-NV) and Michael Bennet (D-CO), are claiming … [Read more...] about Energy and Environment Update for May 8, 2015
U.S. President Donald Trump (L-R), joined by Chief of Staff Reince Priebus, Vice President Mike Pence, senior advisor Steve Bannon, Communications Director Sean Spicer and National Security Advisor Michael Flynn, speaks by phone with Russia's President Vladimir Putin in the Oval Office at the White House in Washington, U.S. January 28, 2017. … [Read more...] about Steven Bannon reportedly pitched the White House a 3-point plan to derail the Mueller investigation
— How Morgan Stanley got its groove back. WSJ's Liz Hoffman: CEO James Gorman's "take-it-or-leave-it discipline has transformed Wall Street’s problem child into one of its steadiest performers. Its 2017 profits were nearly triple those of 2014. Its market value, as low as $7 billion during the financial crisis, surpassed $100 billion earlier this year. Morgan Stanley is more valuable on paper than Goldman Sachs Group Inc., once Wall Street’s undisputed king. Every big bank has changed since the financial crisis, but none as dramatically as Morgan Stanley under Mr. Gorman, who took the top job in 2010. His reboot offers a glimpse of Wall Street’s future: profitable enough, and with less of the outsize ambition and ego that drove firms toward the abyss a decade ago. … [Read more...] about The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Also Thursday, the House passed a bill that would implement a voter-approved ballot initiative to expand voting options, over opposition from critics who said it would overly restrict same-day registration. Proposal 3, which was enacted last month, allows citizens to register by mail closer to Election Day — 15 days or more out — and "in person" at any time, including on Election Day. … [Read more...] about Michigan GOP lawmakers pass bills before Democrat governor starts