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Hochul Targets NYC's Multimillion-Dollar Second Homes In $268 Billion Budget Framework
Hochul Targets NYC's Multimillion-Dollar Second Homes In $268 Billion Budget Framework
New York is taking direct aim at the city’s ultra-wealthy absentee owners. In a major policy shift announced Thursday, Governor Kathy Hochul and state legislative leaders reached a framework agreement on a $268 billion state budget that includes a new annual tax on multimillion-dollar second homes in New York City - a move designed to generate roughly $500 million a year to help close the city’s projected $5.4 billion budget deficit.
The proposal, often called a “pied-à-terre” tax (French for...
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Aug 5, 2026 / Tyler Durden
France's €107 Billion Deficit Shock: The Next Euro Debt Crisis?
France's €107 Billion Deficit Shock: The Next Euro Debt Crisis?
Submitted by Thomas Kolbe
Tuesday marked another low point for European fiscal stability. France, a cornerstone of the euro system, confirmed once again that it remains a leading candidate and potential trigger for a future euro financial crisis.
According to the French Ministry of Finance, the deficit of the French central government amounted to around €107 billion by the end of June. These are staggering figures – a deficit that is 14.4 percent higher than originally planned by the government.
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Unless the government...
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Jun 12, 2026 / Kyle Anzalone
US, Iran Offer Differing Outlines for Peace Deal
After President Donald Trump announced a peace agreement had been reached with Tehran, Iranian and American officials gave different outlines of the agreement. Pakistan, which has been mediating talks, said a deal has been reached. On Thursday, Trump posted on Truth Social that Iran and the US had agreed to a final deal to end […]
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Sep 9, 2026 / Tyler Durden
Female Lindsay Clancy Jurors Have Public Meltdown Over Mistrial
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