Your Next Phone Will Probably Cost You $1,000

September 14, 2017

When U.S. wireless carriers started winding down their heavy smartphone subsidies a few years back, many Americans kicked the new-model-every-two-years habit that had become routine early in the iPhone era. Those who didn’t have had to accept prices ticking slowly higher as Apple Inc. and Samsung Electronics Co. try to outdo one another with cooler features. But both companies have been loath to cross one price barrier in particular—until now. On Tuesday, Apple Inc. will…

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Black Ops, Fake News and a Real Punch Muddle Ukraine Graft Fight

September 11, 2017

An American actor who’s appeared in movies starring Leonardo Di Caprio and Tom Cruise has landed an unwitting role in a real-life thriller about the grinding struggle against graft in Europe’s most corrupt country. Michael-John Wolfe, who makes personalized newscasts for birthdays and other events as a side gig, said he had no idea that a video he was paid to shoot suggesting Ukraine’s leading anti-corruption campaigner embezzled U.S. funds…

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Could Puerto Rico Be the Next Hot Tax Haven?

August 27, 2017

Some 65,000 Puerto Ricans left their bankrupt U.S. island commonwealth last year. A group of private bankers are moving the other way. They’re increasingly opening offshore banks known as International Financial Entities, which were created by a Puerto Rican law in 2012. There are 44 IFEs now, with 18 opening in the past year, according to data compiled by the U.S. territory’s financial regulator. “Just in the last six months,…

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