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Zebras, wealth and power: Hungary's election tests Orbán's grip on power The GuardianFinal push for votes as challenger to Hungary's Orbán scents victory BBCOrban's Birthplace Turns Into a Battleground for His Survival Bloomberg.comGrowing List of Orban Loyalists Defecting Before Critical Election The New York TimesViktor Orbán Could Actually Lose Sunday's Hungarian Election The Atlantic
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Sheriff's lieutenant with million-pound fireworks stash led to deadly blast, prosecutors say Los Angeles Times8 people indicted in deadly Esparto explosions case: Who's who and their charges KCRAMultiple people face charges, including murder, in California fireworks blast The GuardianEight Arrested in Connection With Deadly California Fireworks Explosion The New York TimesOwner of Esparto fireworks company arrested at Disney
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What smart people are saying about Mythos, Anthropic's new AI model that has some cybersecurity experts spooked Business InsiderProject Glasswing: Securing critical software for the AI era AnthropicBanks Are Warned About Anthropic's New, Powerful A.I. Technology The New York TimesVance, Bessent questioned tech giants on AI security before Anthropic's Mythos release CNBC
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In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
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Choosing the right AI implementation partner is one of the most consequential decisions a firm will make right now, but a meaningful number of them show significant gaps in the areas that matter most to accounting firms.
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Trump shares video of a brutal Florida killing allegedly by Haitian immigrant AP NewsTrump posts graphic video of deadly hammer attack in Florida, putting renewed focus on immigration debate CNNTrump posts graphic video of woman's killing in Florida The GuardianHaitian Illegal Alien Violently Kills Innocent Mother by Repeatedly Hitting Her with a Hammer Outside Gas Station in Fort Myers Homeland Security (.gov)
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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