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Economy – Articles, Analysis, Opinion

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A banner reads “Fuera Luma” (Luma out), opposing the company managing Puerto Rico’s electric grid, at a May Day protest in San Juan on May 1, 2021. Ricardo Arduengo/AFP via Getty Images

Puerto Rico has a once-in-a-lifetime chance to build a clean energy grid – but FEMA plans to spend $9.4 billion on fossil fuel infrastructure instead

Four years after Hurricane Maria wreaked havoc on Puerto Rico, federal money to rebuild its electricity system is finally about to flow. But it may not deliver what islanders want.
Mark Zuckerberg’s public comments contradict some of the information reported by The Wall Street Journal. AP Photo/Susan Walsh

Why Facebook’s Mark Zuckerberg may be in hot water with the SEC

Recent reporting suggests Facebook and CEO Mark Zuckerberg presented different versions of the company’s policies in private and public. That could draw the scrutiny of regulators.
Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package. Kent Nishimura/Los Angeles Times via Getty Images

Some rich people will love at least one sweetener in Democrats’ $3.5 trillion plan

The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.